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

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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%