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

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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.

Kabutan News

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	414.8	84.9	Feb 8, 2023	J-GAAP
Apr - Dec, 2023	79,561	ー	11,316	7,898	465.7	78.0	Feb 7, 2024	J-GAAP
Apr - Dec, 2024	75,970	ー	17,016	12,165	740.1	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	327.7	100	May 14, 2024	J-GAAP
Oct - Mar, 2024 Guidance	52,119	ー	10,599	7,291	444.8	110	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	484.0	120	May 12, 2023	J-GAAP
Mar, 2024	101,276	ー	14,513	10,036	594.1	180	May 14, 2024	J-GAAP
Mar, 2025 Guidance	100,500	ー	20,900	14,800	902.8	220	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	200.3	0.0	Feb 7, 2024	J-GAAP
Jan - Mar, 2024	21,715	ー	3,197	2,138	126.6	0.0	May 14, 2024	J-GAAP
Apr - Jun, 2024	25,186	ー	5,860	4,063	245.8	0.0	Aug 2, 2024	J-GAAP
Jul - Sep, 2024	23,195	ー	4,441	3,446	209.4	0.0	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	27,589	ー	6,715	4,656	283.3	0.0	Feb 7, 2025	J-GAAP
YoY	-12.0%	－	+33.6%	+37.1%	+41.4%