Gunma Bank, Oct-Dec (3Q) Ordinary Profit Decreases by 10%

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Tue Feb 4, 2025 3:30 pm JST Earnings

8334 The Gunma Bank,Ltd. 【J-GAAP】

Earnings Report

The Gunma Bank,Ltd. <8334> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 45 billion yen, an increase 32.9% compared to the same period last year. The progress rate toward the full-year plan of 57.5 billion yen was 78.4%, it was below the five-year average of 92.6%.

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 25.9% from the same period last year, reaching 12.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 12.8 billion yen, a 10.0% decrease compared to the same period last year.

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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	132,698	ー	29,705	22,220	54.1	77.5	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	156,066	ー	33,909	24,630	61.8	77.4	Feb 5, 2024	J-GAAP
Apr - Dec, 2024	166,315	ー	45,062	31,872	82.4	78.4	Feb 4, 2025	J-GAAP
YoY	+6.6%	－	+32.9%	+29.4%	+33.2%

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	94,009	ー	24,115	16,267	41.0	12	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	25,252	17,083	44.7	20	Nov 11, 2024	J-GAAP
YoY	－	－	+4.7%	+5.0%	+9.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	176,589	ー	38,316	27,933	68.2	18	May 10, 2023	J-GAAP
Mar, 2024	200,356	ー	43,788	31,125	78.4	22	May 9, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	57,500	40,000	104.6	40	Nov 11, 2024	J-GAAP
YoY	－	－	+31.3%	+28.5%	+33.4%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	49,719	ー	14,236	9,772	24.5	0.0	Feb 5, 2024	J-GAAP
Jan - Mar, 2024	44,290	ー	9,879	6,495	16.4	0.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	56,724	ー	16,037	11,162	28.6	0.0	Aug 1, 2024	J-GAAP
Jul - Sep, 2024	54,035	ー	16,211	11,755	30.2	0.0	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	55,556	ー	12,814	8,955	23.2	0.0	Feb 4, 2025	J-GAAP
YoY	+11.7%	－	-10.0%	-8.4%	-5.7%