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Bank of Nagoya, First Half Ordinary Profit Unexpectedly Revised Upward by 24%

Fri Nov 14, 2025 3:40 pm JST Earnings

8522 The Bank of Nagoya, Ltd. 【J-GAAP】

Earnings Report

The Bank of Nagoya, Ltd. <8522> [TSE Prime] announced its financial results after the market closed on November 14th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 23.7% from the same period last year, reaching 12.7 billion yen, resulting in an increase in profits compared to the previous forecast of a 0.0% decrease.

Progress toward the full-year plan of 21.7 billion yen was 58.7%, also surpassing the five-year average of 46.8%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 15.4% from the same period last year to 8.96 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 22.2% from the same period last year, reaching 5.42 billion yen.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 48,206 ー 6,291 4,501 88.1 43.3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 48,381 ー 10,301 7,509 152.1 49.3 Nov 12, 2024 J-GAAP
Apr - Sep, 2025 60,405 ー 12,738 9,145 185.9 58.7 Nov 14, 2025 J-GAAP
YoY +24.9% － +23.7% +21.8% +22.3%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance 56,700 ー 10,300 7,300 148.4 50 May 13, 2025 J-GAAP
Apr - Sep, 2025 Results 60,405 ー 12,738 9,145 185.9 50 Nov 14, 2025 J-GAAP
Revision Rate +6.5% － +23.7% +25.3% +25.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 54,407 ー 10,598 7,221 146.5 53.33 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 52,595 ー 8,962 6,055 123.1 50 Nov 14, 2025 J-GAAP
YoY -3.3% － -15.4% -16.1% -16.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 101,276 ー 14,513 10,036 198.0 60 May 14, 2024 J-GAAP
Mar, 2025 102,788 ー 20,899 14,730 298.9 90 May 13, 2025 J-GAAP
Mar, 2026 Guidance 113,000 ー 21,700 15,200 309.0 100 May 13, 2025 J-GAAP
YoY +9.9% － +3.8% +3.2% +3.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 23,195 ー 4,441 3,446 69.8 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 27,589 ー 6,715 4,656 94.4 0.0 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 26,818 ー 3,883 2,565 52.1 0.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 30,745 ー 7,313 5,235 106.5 0.0 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 29,660 ー 5,425 3,910 79.5 0.0 Nov 14, 2025 J-GAAP
YoY +27.9% － +22.2% +13.5% +13.9%

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