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THE BANK OF KOCHI,LTD, First Half Ordinary Profit Revised Upward to an Unexpected 44% Increase

Wed Nov 6, 2024 3:30 pm JST Revision

8416 THE BANK OF KOCHI,LTD 【J-GAAP】

Guidance Update Report

THE BANK OF KOCHI,LTD <8416> [TSE-S] announced a performance revision after the market closed on November 6th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 2.6 times, from the previous forecast of 540 million yen to 1.41 billion yen (compared to 980 million yen in the same period of the previous year), turning to a 43.9% increase in the consolidated ordinary profit outlook.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 1.2 billion yen(compared to 1.95 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 540 340 33.6 10 May 10, 2024 J-GAAP
Apr - Sep, 2024 New 1,410 950 93.9 10 Nov 6, 2024 J-GAAP
Revision Rate +161.1% +179.4% +179.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 11,438 980 757 69.1 10 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 Guidance 1,410 950 93.9 10 Nov 6, 2024 J-GAAP
YoY +43.9% +25.5% +35.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,080 2,551 1,601 139.3 25 May 12, 2023 J-GAAP
Mar, 2024 22,990 1,952 1,251 112.0 25 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,200 800 79.4 25 May 10, 2024 J-GAAP
YoY -38.5% -36.1% -29.1%

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