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

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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.

Kabutan News

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	280.1	110	Nov 12, 2024	J-GAAP
Oct - Mar, 2024 New	52,119	ー	10,599	7,291	444.8	110	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	738.1	220	May 14, 2024	J-GAAP
Mar, 2025 New	100,500	ー	20,900	14,800	902.8	220	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	327.7	100	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,119	ー	10,599	7,291	444.8	110	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	484.0	120	May 12, 2023	J-GAAP
Mar, 2024	101,276	ー	14,513	10,036	594.1	180	May 14, 2024	J-GAAP
Mar, 2025 Guidance	100,500	ー	20,900	14,800	902.8	220	Feb 4, 2025	J-GAAP
YoY	-0.8%	－	+44.0%	+47.5%	+52.0%