The Miyazaki Taiyo Bank, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 3%, Exceeds Full-Year Plan

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Mon Feb 10, 2025 3:30 pm JST Earnings

8560 The Miyazaki Taiyo Bank, Ltd. 【J-GAAP】

Earnings Report

The Miyazaki Taiyo Bank, Ltd. <8560> [FSE] announced its financial results after the market closed on February 10th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 3.3% from the same period last year, reaching 2.04 billion yen. The progress rate toward the full-year plan of 1.7 billion yen is 120.0%, already exceeding the target and also exceeding the five-year average of 90.1%.

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 0.34 billion yen (compared to a profit of 0.48 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 39.0% from the same period last year, reaching 0.8 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	10,926	ー	1,944	1,506	274.9	89.4	Feb 7, 2023	J-GAAP
Apr - Dec, 2023	11,317	ー	1,974	1,466	267.4	80.3	Feb 6, 2024	J-GAAP
Apr - Dec, 2024	11,211	ー	2,040	1,398	254.7	120.0	Feb 10, 2025	J-GAAP
YoY	-0.9%	－	+3.3%	-4.6%	-4.7%

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	7,035	ー	1,062	643	114.4	25	May 13, 2024	J-GAAP
Oct - Mar, 2024 Guidance	6,648	ー	465	231	39.5	25	Nov 11, 2024	J-GAAP
YoY	-5.5%	－	-56.2%	-64.1%	-65.5%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	14,373	ー	2,174	1,550	273.4	50	May 12, 2023	J-GAAP
Mar, 2024	14,615	ー	2,457	1,763	313.7	50	May 13, 2024	J-GAAP
Mar, 2025 Guidance	14,000	ー	1,700	1,100	188.0	50	Nov 11, 2024	J-GAAP
YoY	-4.2%	－	-30.8%	-37.6%	-40.0%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	3,737	ー	579	346	63.1	0.0	Feb 6, 2024	J-GAAP
Jan - Mar, 2024	3,298	ー	483	297	52.8	0.0	May 13, 2024	J-GAAP
Apr - Jun, 2024	3,701	ー	809	551	104.4	0.0	Aug 8, 2024	J-GAAP
Jul - Sep, 2024	3,651	ー	426	318	56.6	0.0	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	3,859	ー	805	529	96.4	0.0	Feb 10, 2025	J-GAAP
YoY	+3.3%	－	+39.0%	+52.9%	+52.7%