TOHOKU BANK, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 7%, Oct-Dec Ordinary Profit Increases by 47%

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Fri Jan 31, 2025 3:30 pm JST Earnings

8349 THE TOHOKU BANK,LTD. 【J-GAAP】

Earnings Report

THE TOHOKU BANK,LTD. <8349> [TSE Std] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 7.1% from the same period last year, reaching 1.54 billion yen. However, the progress rate toward the full-year plan of 2.3 billion yen was 67.3%, also falling below the five-year average of 78.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 7.0% from the same period last year, reaching 0.75 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 46.9% from the same period last year, reaching 0.57 billion yen.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	10,198	ー	1,843	1,174	123.7	73.6	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	11,241	ー	1,446	944	99.4	67.3	Jan 31, 2024	J-GAAP
Apr - Dec, 2024	11,184	ー	1,549	1,040	109.5	67.3	Jan 31, 2025	J-GAAP
YoY	-0.5%	－	+7.1%	+10.2%	+10.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	6,904	ー	1,090	700	73.6	25	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,941	ー	1,321	852	90.1	25	Nov 11, 2024	J-GAAP
YoY	+0.5%	－	+21.2%	+21.7%	+22.4%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	13,481	ー	2,505	1,526	160.8	50	May 12, 2023	J-GAAP
Mar, 2024	14,727	ー	2,148	1,376	144.7	50	May 14, 2024	J-GAAP
Mar, 2025 Guidance	14,300	ー	2,300	1,500	158.7	50	May 14, 2024	J-GAAP
YoY	-2.9%	－	+7.1%	+9.0%	+9.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,418	ー	388	268	28.2	0.0	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	3,486	ー	702	432	45.4	0.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	3,640	ー	735	510	53.8	0.0	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	3,719	ー	244	138	14.5	0.0	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	3,825	ー	570	392	41.3	0.0	Jan 31, 2025	J-GAAP
YoY	+11.9%	－	+46.9%	+46.3%	+46.2%