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Bank of Ryukyus, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 11%, Oct-Dec Ordinary Profit Increases by 85%

Mon Feb 10, 2025 1:00 pm JST Earnings

8399 Bank of The Ryukyus,Limited 【J-GAAP】

Earnings Report

Bank of The Ryukyus,Limited <8399> [TSE Prime] announced its financial results in the afternoon session on February 10th (13:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 10.9% from the same period last year, reaching 7.3 billion yen. The progress rate toward the full-year plan of 8.5 billion yen was 86.0%, almost the same as the five-year average of 84.3%.

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 drop 36.0% from the same period last year to 1.19 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 85.5% from the same period last year, reaching 2.23 billion yen.

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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 43,519 6,384 4,424 104.2 75.1 Feb 9, 2023 J-GAAP
Apr - Dec, 2023 49,611 6,589 4,591 110.3 78.0 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 51,593 7,307 5,072 122.6 86.0 Feb 10, 2025 J-GAAP
YoY +4.0% +10.9% +10.5% +11.2%

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 32,601 3,067 1,785 42.9 18.50 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 3,426 2,191 53.0 19 Oct 24, 2024 J-GAAP
YoY +11.7% +22.7% +23.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 60,093 8,499 5,896 139.4 35 May 12, 2023 J-GAAP
Mar, 2024 65,951 8,452 5,651 135.7 37 May 10, 2024 J-GAAP
Mar, 2025 Guidance 8,500 5,700 137.8 38 May 10, 2024 J-GAAP
YoY +0.6% +0.9% +1.6%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 16,261 1,204 725 17.4 0.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 16,340 1,863 1,060 25.5 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 17,769 2,916 2,029 49.0 0.0 Aug 13, 2024 J-GAAP
Jul - Sep, 2024 16,790 2,158 1,480 35.8 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 17,034 2,233 1,563 37.8 0.0 Feb 10, 2025 J-GAAP
YoY +4.8% +85.5% +115.6% +117.0%

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