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THE TAIKO BANK,LTD., First Half Ordinary Profit Increases by 30%, July-September Ordinary Profit Increases by 31%

Fri Nov 8, 2024 1:00 pm JST Earnings

8537 THE TAIKO BANK,LTD. 【J-GAAP】

Earnings Report

THE TAIKO BANK,LTD. <8537> [TSE-S] announced its financial results in the afternoon session on November 8th (13:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) expanded to 2.67 billion yen, an increase of 30.3% compared to the same period last year. The progress rate against the 3.28 billion yen full-year plan was 81.6%, also surpassing the five-year average of 68.6%.

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 significant drop by 51.0% from the same period last year to 602 million yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit increased by 30.5% from the same period last year, reaching 1.39 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 12,088 ー 1,769 952 100.8 79.0 Nov 11, 2022 J-GAAP
Apr - Sep, 2023 11,001 ー 2,056 1,197 126.2 62.6 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 11,057 ー 2,678 1,806 189.7 81.6 Nov 8, 2024 J-GAAP
YoY +0.5% － +30.3% +50.9% +50.3%

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 11,050 ー 2,670 1,800 188.9 30 Oct 29, 2024 J-GAAP
Apr - Sep, 2024 Results 11,057 ー 2,678 1,806 189.7 30 Nov 8, 2024 J-GAAP
Revision Rate +0.1% － +0.3% +0.3% +0.4%

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 10,967 ー 1,229 519 54.6 25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,133 ー 602 364 38.2 30 Nov 8, 2024 J-GAAP
YoY -16.7% － -51.0% -29.9% -30.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 21,844 ー 2,238 1,280 135.5 50 May 12, 2023 J-GAAP
Mar, 2024 21,968 ー 3,285 1,716 180.6 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 20,190 ー 3,280 2,170 227.7 60 May 10, 2024 J-GAAP
YoY -8.1% － -0.2% +26.5% +26.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2023 5,189 ー 1,065 643 67.8 0.0 Nov 10, 2023 J-GAAP
Oct - Dec, 2023 4,942 ー 1,092 596 62.8 0.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 6,025 ー 137 -77 -8.1 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,472 ー 1,288 883 92.7 0.0 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 5,585 ー 1,390 923 96.9 0.0 Nov 8, 2024 J-GAAP
YoY +7.6% － +30.5% +43.5% +43.0%

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