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Bank of Nagoya, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 50%, Oct-Dec Ordinary Profit Increases by 34%

Fri Feb 7, 2025 2:40 pm JST Earnings

8522 The Bank of Nagoya, Ltd. 【J-GAAP】

Earnings Report

The Bank of Nagoya, Ltd. <8522> [TSE Prime] announced its financial results in the afternoon session on February 7th (14:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) expanded 17 billion yen, an increase 50.4% compared to the same period last year. The progress rate toward the full-year plan of 20.9 billion yen was 81.4%, it was below the five-year average of 85.7%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to grow 21.5% from the same period last year, reaching 3.88 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 33.6% from the same period last year, reaching 6.71 billion yen.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 59,663 ー 9,757 7,184 138.3 84.9 Feb 8, 2023 J-GAAP
Apr - Dec, 2023 79,561 ー 11,316 7,898 155.2 78.0 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 75,970 ー 17,016 12,165 246.7 81.4 Feb 7, 2025 J-GAAP
YoY -4.5% － +50.4% +54.0% +58.9%

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 53,070 ー 8,222 5,535 109.2 33.33 May 14, 2024 J-GAAP
Oct - Mar, 2024 Guidance 52,119 ー 10,599 7,291 148.3 36.66 Feb 4, 2025 J-GAAP
YoY -1.8% － +28.9% +31.7% +35.7%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 79,765 ー 11,495 8,377 161.3 40 May 12, 2023 J-GAAP
Mar, 2024 101,276 ー 14,513 10,036 198.0 60 May 14, 2024 J-GAAP
Mar, 2025 Guidance 100,500 ー 20,900 14,800 300.9 73.33 Feb 4, 2025 J-GAAP
YoY -0.8% － +44.0% +47.5% +52.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 31,355 ー 5,025 3,397 66.8 0.0 Feb 7, 2024 J-GAAP
Jan - Mar, 2024 21,715 ー 3,197 2,138 42.2 0.0 May 14, 2024 J-GAAP
Apr - Jun, 2024 25,186 ー 5,860 4,063 82.0 0.0 Aug 2, 2024 J-GAAP
Jul - Sep, 2024 23,195 ー 4,441 3,446 69.8 0.0 Nov 12, 2024 J-GAAP
Oct - Dec, 2024 27,589 ー 6,715 4,656 94.4 0.0 Feb 7, 2025 J-GAAP
YoY -12.0% － +33.6% +37.1% +41.4%

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