The Minami-Nippon Bank, The Current Fiscal Year Ordinary Profit Revised Upward to an Unexpected 18% Increase, Dividend Revised Upward by 5 yen

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Wed Feb 5, 2025 3:30 pm JST Earnings

8554 The Minami-Nippon Bank,Ltd. 【J-GAAP】

Earnings Report

The Minami-Nippon Bank,Ltd. <8554> [FSE] announced its financial results after the market closed on February 5th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 2.5 billion yen, an increase 50.1% compared to the same period last year.

In addition, the full-year consolidated ordinary profit has been revised upward 50.0%, from the previous forecast of 1.6 billion yen to 2.4 billion yen (compared to 2.03 billion yen in the previous period), turning to a 17.9% increase in the consolidated ordinary profit outlook.

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) has been revised upward from an expected loss of 0.41 billion yen to a profit of 0.38 billion yen (compared to a profit of 0.77 billion yen in the same period of the previous year), turning to a profit.

In light of the strong performance, the company has increased its planned year-end lump-sum dividend for the current fiscal year from the original plan of 30 yen to 35 yen (compared to 30 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 21.6% from the same period last year, reaching 0.49 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	11,130	ー	1,124	801	74.4	59.7	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	11,037	ー	1,671	1,418	163.5	82.1	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	12,723	ー	2,508	1,822	218.0	104.5	Feb 5, 2025	J-GAAP
YoY	+15.3%	－	+50.1%	+28.5%	+33.3%

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	ー	ー	-412	-414	-46.1	30	Nov 8, 2024	J-GAAP
Oct - Mar, 2024 New	ー	ー	388	286	33.8	35	Feb 5, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	ー	1,600	1,100	122.6	30	May 10, 2024	J-GAAP
Mar, 2025 New	ー	ー	2,400	1,800	212.8	35	Feb 5, 2025	J-GAAP
Revision Rate	－	－	+50.0%	+63.6%	+73.6%

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	7,256	ー	772	468	53.3	30	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	388	286	33.8	35	Feb 5, 2025	J-GAAP
YoY	－	－	-49.7%	-38.9%	-36.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,651	ー	1,883	1,532	160.7	25	May 11, 2023	J-GAAP
Mar, 2024	14,565	ー	2,035	1,613	183.8	30	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	2,400	1,800	212.8	35	Feb 5, 2025	J-GAAP
YoY	－	－	+17.9%	+11.6%	+15.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,728	ー	408	273	31.5	0.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	3,528	ー	364	195	22.2	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	3,883	ー	739	487	57.0	0.0	Aug 7, 2024	J-GAAP
Jul - Sep, 2024	4,634	ー	1,273	1,027	123.9	0.0	Nov 8, 2024	J-GAAP
Oct - Dec, 2024	4,206	ー	496	308	36.9	0.0	Feb 5, 2025	J-GAAP
YoY	+12.8%	－	+21.6%	+12.8%	+17.1%