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

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).

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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 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 78.2 22 May 10, 2024 J-GAAP
YoY － － -8.0% -5.7% +3.6%

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