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North Pacific Bank, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 35%

Mon Feb 10, 2025 2:00 pm JST Earnings

8524 North Pacific Bank,Ltd. 【J-GAAP】

Earnings Report

North Pacific Bank,Ltd. <8524> [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 17.6 billion yen, an increase 34.7% compared to the same period last year. However, the progress rate toward the full-year plan of 24.4 billion yen was 72.5%, also falling below the five-year average of 85.2%.

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 22.6% from the same period last year, reaching 6.7 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 31.8% from the same period last year, reaching 5.92 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 95,442 ー 16,376 10,708 27.8 94.6 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 97,431 ー 13,138 10,021 26.0 70.6 Feb 8, 2024 J-GAAP
Apr - Dec, 2024 108,876 ー 17,696 12,586 32.9 72.5 Feb 10, 2025 J-GAAP
YoY +11.7% － +34.7% +25.6% +26.3%

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 68,031 ー 9,963 6,187 16.1 5 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 77,405 ー 12,630 9,851 26.2 9.50 Jan 30, 2025 J-GAAP
YoY +13.8% － +26.8% +59.2% +62.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 126,734 ー 17,312 9,647 25.0 10 May 15, 2023 J-GAAP
Mar, 2024 133,114 ー 18,605 12,830 33.3 10 May 14, 2024 J-GAAP
Mar, 2025 Guidance 146,100 ー 24,400 18,300 48.6 16 Jan 30, 2025 J-GAAP
YoY +9.8% － +31.1% +42.6% +45.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 32,348 ー 4,496 3,378 8.8 0.0 Feb 8, 2024 J-GAAP
Jan - Mar, 2024 35,683 ー 5,467 2,809 7.3 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 33,752 ー 7,379 5,236 13.7 0.0 Aug 5, 2024 J-GAAP
Jul - Sep, 2024 34,943 ー 4,391 3,213 8.4 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 40,181 ー 5,926 4,137 10.8 0.0 Feb 10, 2025 J-GAAP
YoY +24.2% － +31.8% +22.5% +23.1%

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