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Gunma Bank, Oct-Dec (3Q) Ordinary Profit Decreases by 10%

Tue Feb 4, 2025 3:30 pm JST Earnings

8334 The Gunma Bank,Ltd. 【J-GAAP】

Earnings Report

The Gunma Bank,Ltd. <8334> [TSE Prime] announced its financial results after the market closed on February 4th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 45 billion yen, an increase 32.9% compared to the same period last year. The progress rate toward the full-year plan of 57.5 billion yen was 78.4%, it was below the five-year average of 92.6%.

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 25.9% from the same period last year, reaching 12.4 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit decreased to 12.8 billion yen, a 10.0% decrease compared to the same period last year.

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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 132,698 ー 29,705 22,220 54.1 77.5 Feb 3, 2023 J-GAAP
Apr - Dec, 2023 156,066 ー 33,909 24,630 61.8 77.4 Feb 5, 2024 J-GAAP
Apr - Dec, 2024 166,315 ー 45,062 31,872 82.4 78.4 Feb 4, 2025 J-GAAP
YoY +6.6% － +32.9% +29.4% +33.2%

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 94,009 ー 24,115 16,267 41.0 12 May 9, 2024 J-GAAP
Oct - Mar, 2024 Guidance ー ー 25,252 17,083 44.7 20 Nov 11, 2024 J-GAAP
YoY － － +4.7% +5.0% +9.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 176,589 ー 38,316 27,933 68.2 18 May 10, 2023 J-GAAP
Mar, 2024 200,356 ー 43,788 31,125 78.4 22 May 9, 2024 J-GAAP
Mar, 2025 Guidance ー ー 57,500 40,000 104.6 40 Nov 11, 2024 J-GAAP
YoY － － +31.3% +28.5% +33.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 49,719 ー 14,236 9,772 24.5 0.0 Feb 5, 2024 J-GAAP
Jan - Mar, 2024 44,290 ー 9,879 6,495 16.4 0.0 May 9, 2024 J-GAAP
Apr - Jun, 2024 56,724 ー 16,037 11,162 28.6 0.0 Aug 1, 2024 J-GAAP
Jul - Sep, 2024 54,035 ー 16,211 11,755 30.2 0.0 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 55,556 ー 12,814 8,955 23.2 0.0 Feb 4, 2025 J-GAAP
YoY +11.7% － -10.0% -8.4% -5.7%

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