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TOHOKU BANK, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 7%, Oct-Dec Ordinary Profit Increases by 47%

Fri Jan 31, 2025 3:30 pm JST Earnings

8349 THE TOHOKU BANK,LTD. 【J-GAAP】

Earnings Report

THE TOHOKU BANK,LTD. <8349> [TSE Std] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) increased 7.1% from the same period last year, reaching 1.54 billion yen. However, the progress rate toward the full-year plan of 2.3 billion yen was 67.3%, also falling below the five-year average of 78.4%.

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 7.0% from the same period last year, reaching 0.75 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 46.9% from the same period last year, reaching 0.57 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 10,198 ー 1,843 1,174 123.7 73.6 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 11,241 ー 1,446 944 99.4 67.3 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 11,184 ー 1,549 1,040 109.5 67.3 Jan 31, 2025 J-GAAP
YoY -0.5% － +7.1% +10.2% +10.2%

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 6,904 ー 1,090 700 73.6 25 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 6,941 ー 1,321 852 90.1 25 Nov 11, 2024 J-GAAP
YoY +0.5% － +21.2% +21.7% +22.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 13,481 ー 2,505 1,526 160.8 50 May 12, 2023 J-GAAP
Mar, 2024 14,727 ー 2,148 1,376 144.7 50 May 14, 2024 J-GAAP
Mar, 2025 Guidance 14,300 ー 2,300 1,500 158.7 50 May 14, 2024 J-GAAP
YoY -2.9% － +7.1% +9.0% +9.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 3,418 ー 388 268 28.2 0.0 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 3,486 ー 702 432 45.4 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 3,640 ー 735 510 53.8 0.0 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 3,719 ー 244 138 14.5 0.0 Nov 11, 2024 J-GAAP
Oct - Dec, 2024 3,825 ー 570 392 41.3 0.0 Jan 31, 2025 J-GAAP
YoY +11.9% － +46.9% +46.3% +46.2%

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