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Yamagata Bank, The Current Fiscal Year Ordinary Profit Revised Upward by 23%, Dividend Revised Upward by 10 yen

Mon Feb 3, 2025 3:30 pm JST Earnings

8344 The Yamagata Bank, Ltd. 【J-GAAP】

Earnings Report

The Yamagata Bank, Ltd. <8344> [TSE Prime] announced its financial results after the market closed on February 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 4.97 billion yen, an increase 54.5% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 22.9%, from the previous forecast of 4.8 billion yen to 5.9 billion yen (compared to 3.76 billion yen in the previous period), increasing the growth rate from 27.6% to 56.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 55.8%, from the previous forecast of 1.97 billion yen to 3.07 billion yen (compared to 1.31 billion yen in the same period of the previous year), increasing the growth rate from 50.4% to 2.3 times.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 35 yen to 45 yen (compared to 35 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.8 times that of the same period last year, reaching 2.15 billion yen.

Kabutan News

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 40,112 ー 4,942 3,200 100.0 89.3 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 43,401 ー 3,222 2,119 66.2 85.6 Feb 1, 2024 J-GAAP
Apr - Dec, 2024 38,706 ー 4,979 3,423 107.0 84.4 Feb 3, 2025 J-GAAP
YoY -10.8% － +54.5% +61.5% +61.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 23,755 ー 1,972 1,215 38.4 17.50 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 24,755 ー 3,072 1,915 60.6 27.50 Feb 3, 2025 J-GAAP
Revision Rate +4.2% － +55.8% +57.6% +57.6%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 49,000 ー 4,800 3,300 104.4 35 Oct 29, 2024 J-GAAP
Mar, 2025 New 50,000 ー 5,900 4,000 126.5 45 Feb 3, 2025 J-GAAP
Revision Rate +2.0% － +22.9% +21.2% +21.2%

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 29,097 ー 1,311 517 16.2 17.50 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 24,755 ー 3,072 1,915 60.6 27.50 Feb 3, 2025 J-GAAP
YoY -14.9% － +134.3% +270.4% +274.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 51,184 ー 5,537 3,435 107.4 35 May 12, 2023 J-GAAP
Mar, 2024 55,097 ー 3,762 2,080 65.0 35 May 14, 2024 J-GAAP
Mar, 2025 Guidance 50,000 ー 5,900 4,000 126.5 45 Feb 3, 2025 J-GAAP
YoY -9.3% － +56.8% +92.3% +94.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 17,401 ー 771 556 17.4 0.0 Feb 1, 2024 J-GAAP
Jan - Mar, 2024 11,696 ー 540 -39 -1.2 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 11,709 ー 2,159 1,586 49.6 0.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 13,536 ー 669 499 15.6 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 13,461 ー 2,151 1,338 41.8 0.0 Feb 3, 2025 J-GAAP
YoY -22.6% － +179.0% +140.6% +140.7%

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