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The Chikuho Bank, Ltd., The Current Fiscal Year Ordinary Profit Revised Downward by 0.4％

Fri Nov 8, 2024 3:30 pm JST Earnings

8398 The Chikuho Bank, Ltd. 【J-GAAP】

Earnings Report

The Chikuho Bank, Ltd. <8398> [FukuokaSE] announced its financial results after the market closed on November 8th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 39.5% from the same period last year to 462 million yen.

In addition, the full-year consolidated ordinary profit has downwardly by 0.4%, from the previous forecast of 1.26 billion yen to 1.26 billion yen (compared to 1.18 billion yen in the previous period), leading to a reduction in the profit growth rate from 7.0% to 6.6%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to expand by 90.9% from the same period last year, reaching 798 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit decreased to 193 million yen, a 26.9% decrease compared to the same period last year.

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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 8,708 ー 928 600 98.9 91.4 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 8,795 ー 764 570 93.8 64.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 8,969 ー 462 342 56.3 36.7 Nov 8, 2024 J-GAAP
YoY +2.0% － -39.5% -40.0% -39.9%

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 8,820 ー 500 315 51.8 25 May 10, 2024 J-GAAP
Apr - Sep, 2024 Results 8,969 ー 462 342 56.3 25 Nov 8, 2024 J-GAAP
Revision Rate +1.7% － -7.6% +8.6% +8.8%

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 17,985 ー 1,265 910 149.6 50 May 10, 2024 J-GAAP
Mar, 2025 New 18,630 ー 1,260 910 149.6 50 Nov 8, 2024 J-GAAP
Revision Rate +3.6% － -0.4% 0.0% 0.0%

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 9,228 ー 418 486 80.0 25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,661 ー 798 568 93.4 25 Nov 8, 2024 J-GAAP
YoY +4.7% － +90.9% +16.9% +16.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 17,290 ー 1,015 603 99.4 50 May 12, 2023 J-GAAP
Mar, 2024 18,023 ー 1,182 1,056 173.9 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 18,630 ー 1,260 910 149.6 50 Nov 8, 2024 J-GAAP
YoY +3.4% － +6.6% -13.8% -13.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 4,350 ー 264 281 46.2 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,805 ー 840 642 105.6 0.0 Feb 9, 2024 J-GAAP
Jan - Mar, 2024 4,423 ー -422 -156 -25.7 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 4,606 ー 269 272 44.8 0.0 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 4,363 ー 193 70 11.5 0.0 Nov 8, 2024 J-GAAP
YoY +0.3% － -26.9% -75.1% -75.1%

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