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The Miyazaki Bank,Ltd., First Half Ordinary Profit Increases by 21%, July-September Ordinary Profit Increases by 49%

Fri Nov 8, 2024 12:30 pm JST Earnings

8393 The Miyazaki Bank,Ltd. 【J-GAAP】

Earnings Report

The Miyazaki Bank,Ltd. <8393> [TSE-P] announced its financial results at noon (12:30) on November 8th. The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) increased by 21.3% from the same period last year, reaching 7.12 billion yen. The progress rate against the 13.6 billion yen full-year plan was 52.4%, almost the same as the five-year average of 52.1%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 57.6% from the same period last year, reaching 6.47 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 48.8% from the same period last year, reaching 2.95 billion yen.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2022 35,698 ー 7,285 4,814 55.8 61.5 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 34,075 ー 5,879 4,251 49.2 58.9 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 38,105 ー 7,129 4,856 56.8 52.4 Nov 8, 2024 J-GAAP
YoY +11.8% － +21.3% +14.2% +15.5%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 Guidance 38,100 ー 7,100 4,800 56.5 11 Nov 5, 2024 J-GAAP
Apr - Sep, 2024 Results 38,105 ー 7,129 4,856 56.8 11 Nov 8, 2024 J-GAAP
Revision Rate +0.0% － +0.4% +1.2% +0.5%

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 34,814 ー 4,107 2,836 32.8 10 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 39,095 ー 6,471 4,444 52.3 11 Nov 8, 2024 J-GAAP
YoY +12.3% － +57.6% +56.7% +59.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 66,127 ー 11,848 8,127 94.2 22 May 11, 2023 J-GAAP
Mar, 2024 68,889 ー 9,986 7,087 81.9 20 May 10, 2024 J-GAAP
Mar, 2025 Guidance 77,200 ー 13,600 9,300 109.5 22 Nov 5, 2024 J-GAAP
YoY +12.1% － +36.2% +31.2% +33.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 16,917 ー 1,988 1,336 15.5 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 16,994 ー 2,809 2,100 24.3 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 17,820 ー 1,298 736 8.5 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 18,879 ー 4,171 3,053 35.4 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 19,226 ー 2,958 1,803 21.1 0.0 Nov 8, 2024 J-GAAP
YoY +13.6% － +48.8% +35.0% +36.4%

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