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Bank of Nagoya, The Current Fiscal Year Ordinary Profit Revised Upward by 21%, Exceeded Record Profit Forecast

Tue Feb 4, 2025 2:00 pm JST Revision

8522 The Bank of Nagoya, Ltd. 【J-GAAP】

Guidance Update Report

The Bank of Nagoya, Ltd. <8522> [TSE Prime] announced a performance revision in the afternoon session on February 4th (14:00). The consolidated ordinary profit for the fiscal year ending March 2025 has been revised upward 20.8%, from the previous forecast of 17.3 billion yen to 20.9 billion yen (compared to 14.5 billion yen in the previous period), increasing the growth rate from 19.2% to 44.0%. The company has further increased its previous forecast of record profits for the first time in nineteen years.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit is expected to increase 51.4%, from the previous forecast of 6.99 billion yen to 10.5 billion yen (compared to 8.22 billion yen in the same period of the previous year), turning to a 28.9% increase in the consolidated ordinary profit outlook.

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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 41,519 ー 6,999 4,591 93.4 36.66 Nov 12, 2024 J-GAAP
Oct - Mar, 2024 New 52,119 ー 10,599 7,291 148.3 36.66 Feb 4, 2025 J-GAAP
Revision Rate +25.5% － +51.4% +58.8% +58.8%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 89,900 ー 17,300 12,100 246.0 73.33 May 14, 2024 J-GAAP
Mar, 2025 New 100,500 ー 20,900 14,800 300.9 73.33 Feb 4, 2025 J-GAAP
Revision Rate +11.8% － +20.8% +22.3% +22.3%

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 53,070 ー 8,222 5,535 109.2 33.33 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 52,119 ー 10,599 7,291 148.3 36.66 Feb 4, 2025 J-GAAP
YoY -1.8% － +28.9% +31.7% +35.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 79,765 ー 11,495 8,377 161.3 40 May 12, 2023 J-GAAP
Mar, 2024 101,276 ー 14,513 10,036 198.0 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 100,500 ー 20,900 14,800 300.9 73.33 Feb 4, 2025 J-GAAP
YoY -0.8% － +44.0% +47.5% +52.0%

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