Fukui Bank, Oct-Dec (3Q) Ordinary Profit Decreases by 58%

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Tue Feb 4, 2025 3:30 pm JST Earnings

8362 The Fukui Bank, Ltd. 【J-GAAP】

Earnings Report

The Fukui Bank, Ltd. <8362> [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 6.96 billion yen, an increase 55.9% compared to the same period last year. The progress rate toward the full-year plan of 8.3 billion yen was 83.9%, also surpassing the progress rate of 79.6% from the same period of the previous year.

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 16.3% from the same period last year, reaching 1.33 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.69 billion yen, a 58.0% 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	37,566	ー	2,897	2,016	86.1	367.6	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	41,188	ー	4,467	2,847	123.4	79.6	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	48,130	ー	6,965	5,540	240.6	83.9	Feb 4, 2025	J-GAAP
YoY	+16.9%	－	+55.9%	+94.6%	+95.0%

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	29,846	ー	2,799	1,955	84.7	25	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	2,029	1,092	46.1	27.50	Nov 8, 2024	J-GAAP
YoY	－	－	-27.5%	-44.1%	-45.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	54,897	ー	788	1,803	77.1	50	May 12, 2023	J-GAAP
Mar, 2024	55,423	ー	5,615	3,717	161.0	50	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	8,300	6,500	274.7	52.50	Nov 8, 2024	J-GAAP
YoY	－	－	+47.8%	+74.9%	+70.6%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	15,611	ー	1,651	1,085	47.0	0.0	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	14,235	ー	1,148	870	37.7	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	15,385	ー	4,348	4,174	182.7	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	16,182	ー	1,923	1,234	54.3	0.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	16,563	ー	694	132	5.7	0.0	Feb 4, 2025	J-GAAP
YoY	+6.1%	－	-58.0%	-87.8%	-87.8%