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Miyazaki Bank, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 33%, Oct-Dec Ordinary Profit Increases by 56%

Fri Feb 14, 2025 12:30 pm JST Earnings

8393 The Miyazaki Bank,Ltd. 【J-GAAP】

Earnings Report

The Miyazaki Bank,Ltd. <8393> [TSE Prime] announced its financial results at noon (12:30) on February 14th. The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 11.5 billion yen, an increase 32.6% compared to the same period last year. The progress rate toward the full-year plan of 13.6 billion yen was 84.7%, almost the same as the five-year average of 84.2%.

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 expand 60.4% from the same period last year, reaching 2.08 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 56.2% from the same period last year, reaching 4.38 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 52,573 ー 11,530 8,300 96.2 97.3 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 51,069 ー 8,688 6,351 73.4 87.0 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 59,742 ー 11,518 8,090 94.8 84.7 Feb 14, 2025 J-GAAP
YoY +17.0% － +32.6% +27.4% +29.1%

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 34,814 ー 4,107 2,836 32.8 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 39,095 ー 6,471 4,444 52.3 11 Nov 8, 2024 J-GAAP
YoY +12.3% － +57.6% +56.7% +59.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 66,127 ー 11,848 8,127 94.2 22 May 11, 2023 J-GAAP
Mar, 2024 68,889 ー 9,986 7,087 81.9 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 77,200 ー 13,600 9,300 109.5 22 Nov 5, 2024 J-GAAP
YoY +12.1% － +36.2% +31.2% +33.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 16,994 ー 2,809 2,100 24.3 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 17,820 ー 1,298 736 8.5 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 18,879 ー 4,171 3,053 35.4 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 19,226 ー 2,958 1,803 21.1 0.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 21,637 ー 4,389 3,234 37.9 0.0 Feb 14, 2025 J-GAAP
YoY +27.3% － +56.2% +54.0% +56.1%

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