OITA BANK, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 44%, Exceeds Full-Year Plan, Current Fiscal Year Dividend Revised Upward by 10 yen

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Mon Feb 10, 2025 2:00 pm JST Earnings

8392 THE OITA BANK, LTD. 【J-GAAP】

Earnings Report

THE OITA BANK, LTD. <8392> [TSE Prime] announced its financial results in the afternoon session on February 10th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 9.81 billion yen, an increase 44.1% compared to the same period last year. The progress rate toward the full-year plan of 9.8 billion yen is 100.1%, already exceeding the target and also exceeding the five-year average of 83.8%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 0.01 billion yen (compared to a profit of 2.27 billion yen in the same period last year).

At the same time, the company has increased its planned annual dividend for the current fiscal year from the original plan of 100 yen to 110 yen (compared to 95 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 86.2% from the same period last year, reaching 4.46 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	57,257	ー	7,194	5,117	324.3	92.3	Feb 13, 2023	J-GAAP
Apr - Dec, 2023	53,331	ー	6,809	4,976	315.1	75.0	Feb 13, 2024	J-GAAP
Apr - Dec, 2024	58,830	ー	9,810	6,800	435.5	100.1	Feb 10, 2025	J-GAAP
YoY	+10.3%	－	+44.1%	+36.7%	+38.2%

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	35,650	ー	4,455	3,087	202.5	50	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	35,650	ー	4,455	3,087	202.5	60	Feb 10, 2025	J-GAAP
Revision Rate	0.0%	－	0.0%	0.0%	0.0%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	74,500	ー	9,800	6,800	446.1	100	Nov 11, 2024	J-GAAP
Mar, 2025 New	74,500	ー	9,800	6,800	446.1	110	Feb 10, 2025	J-GAAP
Revision Rate	0.0%	－	0.0%	0.0%	0.0%

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	35,909	ー	4,672	3,326	210.6	50	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	35,650	ー	4,455	3,087	202.5	60	Feb 10, 2025	J-GAAP
YoY	-0.7%	－	-4.6%	-7.2%	-3.8%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	72,905	ー	7,796	5,409	342.8	90	May 12, 2023	J-GAAP
Mar, 2024	73,240	ー	9,083	6,536	413.8	95	May 13, 2024	J-GAAP
Mar, 2025 Guidance	74,500	ー	9,800	6,800	446.1	110	Feb 10, 2025	J-GAAP
YoY	+1.7%	－	+7.9%	+4.0%	+7.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	16,000	ー	2,398	1,766	111.8	0.0	Feb 13, 2024	J-GAAP
Jan - Mar, 2024	19,909	ー	2,274	1,560	98.8	0.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	19,563	ー	4,909	3,443	219.2	0.0	Aug 9, 2024	J-GAAP
Jul - Sep, 2024	19,287	ー	436	270	17.2	0.0	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	19,980	ー	4,465	3,087	197.7	0.0	Feb 10, 2025	J-GAAP
YoY	+24.9%	－	+86.2%	+74.8%	+76.8%