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The Yamagata Bank, Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 2%

Tue Oct 29, 2024 3:00 pm JST Revision

8344 The Yamagata Bank, Ltd. 【J-GAAP】

Guidance Update Report

The Yamagata Bank, Ltd. <8344> [TSE-P] announced a performance revision after the market closed on October 29th (15:00). The consolidated ordinary profit for the fiscal year ending March 2025 has downwardly by 2.0%, from the previous forecast of 4.9 billion yen to 4.8 billion yen (compared to 3.76 billion yen in the previous period), leading to a reduction in the profit growth rate from 30.2% to 27.6%. However, the full-year consolidated net income has been revised upward by 10.0%, from the previous forecast of 3 billion yen to 3.3 billion yen (compared to 2.08 billion yen in the previous period), increasing the growth rate from 44.2% to 58.7%.

However, the April to September period (first half) consolidated ordinary profit has been revised upward by 27.3%, from the previous forecast of 2.2 billion yen to 2.8 billion yen (compared to 2.45 billion yen in the same period of the previous year), turning to a 14.2% increase in the consolidated ordinary profit outlook.

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Guidance Update

First Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Prev 21,100 ー 2,200 1,200 37.5 17.50 May 14, 2024 J-GAAP
Apr - Sep, 2024 New 25,200 ー 2,800 2,000 62.5 17.50 Oct 29, 2024 J-GAAP
Revision Rate +19.4% － +27.3% +66.7% +66.7%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 41,700 ー 4,900 3,000 94.9 35 May 14, 2024 J-GAAP
Mar, 2025 New 49,000 ー 4,800 3,300 104.4 35 Oct 29, 2024 J-GAAP
Revision Rate +17.5% － -2.0% +10.0% +10.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 26,000 ー 2,451 1,563 48.9 17.50 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 Guidance 25,200 ー 2,800 2,000 62.5 17.50 Oct 29, 2024 J-GAAP
YoY -3.1% － +14.2% +28.0% +27.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 51,184 ー 5,537 3,435 107.4 35 May 12, 2023 J-GAAP
Mar, 2024 55,097 ー 3,762 2,080 65.0 35 May 14, 2024 J-GAAP
Mar, 2025 Guidance 49,000 ー 4,800 3,300 104.4 35 Oct 29, 2024 J-GAAP
YoY -11.1% － +27.6% +58.7% +60.5%

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