Suruga Bank Ltd., First Half Ordinary Profit Revised Upward to an Unexpected 0.4％ Increase

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Fri Nov 8, 2024 3:40 pm JST Revision

8358 Suruga Bank Ltd. 【J-GAAP】

Guidance Update Report

Suruga Bank Ltd. <8358> [TSE-P] announced a performance revision after the market closed on November 8th (15:40). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 51.8%, from the previous forecast of 8.5 billion yen to 12.9 billion yen (compared to 12.8 billion yen in the same period of the previous year), turning to a 0.4% increase in the consolidated ordinary profit outlook.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 19 billion yen(compared to 20.6 billion yen in the previous period).

Kabutan News

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	ー	ー	8,500	7,000	37.5	11	May 10, 2024	J-GAAP
Apr - Sep, 2024 New	ー	ー	12,900	11,000	58.9	11	Nov 8, 2024	J-GAAP
Revision Rate	－	－	+51.8%	+57.1%	+57.2%

Current Period Guidance

H1 Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2023	43,994	ー	12,855	9,589	46.8	7	Nov 9, 2023	J-GAAP
Apr - Sep, 2024 Guidance	ー	ー	12,900	11,000	58.9	11	Nov 8, 2024	J-GAAP
YoY	－	－	+0.4%	+14.7%	+25.9%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	92,403	ー	13,266	10,576	56.2	9	May 12, 2023	J-GAAP
Mar, 2024	91,447	ー	20,641	15,375	75.4	21	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	19,000	14,500	77.7	22	May 10, 2024	J-GAAP
YoY	－	－	-8.0%	-5.7%	+2.9%