kabutan

BANK OF KOCHI, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 7%, Exceeds Full-Year Plan

Mon Feb 10, 2025 3:00 pm JST Earnings

8416 THE BANK OF KOCHI,LTD 【J-GAAP】

Earnings Report

THE BANK OF KOCHI,LTD <8416> [TSE Std] announced its financial results in the afternoon session on February 10th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 7.0% from the same period last year to 1.99 billion yen. However, the progress rate toward the full-year plan of 1.2 billion yen is 166.2%, already exceeding the target and also exceeding the five-year average of 92.3%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 0.79 billion yen (compared to a loss of 0.19 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.57 billion yen, a 50.6% decrease compared to the same period last year.

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 16,788 2,192 1,490 140.1 85.9 Feb 10, 2023 J-GAAP
Apr - Dec, 2023 17,277 2,145 1,746 166.9 109.9 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 17,775 1,994 1,326 125.3 166.2 Feb 10, 2025 J-GAAP
YoY +2.9% -7.0% -24.1% -24.9%

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 11,552 972 494 44.2 15 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance -218 -150 -14.9 15 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 23,080 2,551 1,601 139.3 25 May 12, 2023 J-GAAP
Mar, 2024 22,990 1,952 1,251 112.0 25 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,200 800 79.4 25 May 10, 2024 J-GAAP
YoY -38.5% -36.1% -29.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 5,839 1,165 989 94.5 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 5,713 -193 -495 -44.3 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 6,674 1,087 833 82.4 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 5,602 331 117 10.8 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 5,499 576 376 35.5 0.0 Feb 10, 2025 J-GAAP
YoY -5.8% -50.6% -62.0% -62.4%

Related Articles