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THE HOWA BANK, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 48%, Exceeds Full-Year Plan

Fri Feb 7, 2025 3:30 pm JST Earnings

8559 THE HOWA BANK,LTD. 【J-GAAP】

Earnings Report

THE HOWA BANK,LTD. <8559> [FSE] announced its financial results after the market closed on February 7th (15:30). The ordinary profit (non-consolidated) for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 1.47 billion yen, an increase 48.4% compared to the same period last year. The progress rate toward the full-year plan of 0.89 billion yen is 166.1%, already exceeding the target and also exceeding the four-year average of 144.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the ordinary loss for the January to March period (4Q) is expected to expand to a loss of 0.58 billion yen (compared to a loss of 0.31 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the ordinary profit decreased to 0.47 billion yen, a 10.4% 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 7,451 1,132 1,011 171.6 77.7 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 8,360 996 900 152.7 146.0 Feb 13, 2024 J-GAAP
Apr - Dec, 2024 8,115 1,478 1,317 223.5 166.1 Feb 7, 2025 J-GAAP
YoY -2.9% +48.4% +46.3% +46.4%

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 5,078 215 556 53.2 10 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance -114 -228 -22.7 10 Nov 12, 2024 J-GAAP
YoY

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 9,886 1,456 1,302 159.6 10 May 11, 2023 J-GAAP
Mar, 2024 10,465 682 877 83.9 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 890 660 65.7 10 May 14, 2024 J-GAAP
YoY +30.5% -24.7% -21.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 2,973 529 579 98.2 0.0 Feb 13, 2024 J-GAAP
Jan - Mar, 2024 2,105 -314 -23 -2.2 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 2,706 489 481 81.7 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 2,727 515 407 69.1 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 2,682 474 429 72.8 0.0 Feb 7, 2025 J-GAAP
YoY -9.8% -10.4% -25.9% -25.9%

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