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TAIKO BANK, Oct-Dec (3Q) Ordinary Profit Decreases by 50%

Fri Jan 31, 2025 4:00 pm JST Earnings

8537 THE TAIKO BANK,LTD. 【J-GAAP】

Earnings Report

THE TAIKO BANK,LTD. <8537> [TSE Std] announced its financial results after the market closed on January 31st (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) was 3.22 billion yen, a 2.3% increase compared to the same period last year. The progress rate toward the full-year plan of 3.28 billion yen was 98.2%, also surpassing the five-year average of 95.8%.

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 significant drop 56.2% from the same period last year to 0.06 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit significantly dropped to 0.54 billion yen, a 50.4% decrease compared to the same period last year.

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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 17,045 2,308 1,308 138.4 103.1 Jan 31, 2023 J-GAAP
Apr - Dec, 2023 15,943 3,148 1,793 188.8 95.8 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 16,488 3,220 2,155 226.2 98.2 Jan 31, 2025 J-GAAP
YoY +3.4% +2.3% +20.2% +19.8%

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 1,229 519 54.6 25 May 10, 2024 J-GAAP
Oct - Mar, 2024 Guidance 9,133 602 364 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 2,238 1,280 135.5 50 May 12, 2023 J-GAAP
Mar, 2024 21,968 3,285 1,716 180.6 50 May 10, 2024 J-GAAP
Mar, 2025 Guidance 20,190 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
Oct - Dec, 2023 4,942 1,092 596 62.8 0.0 Jan 30, 2024 J-GAAP
Jan - Mar, 2024 6,025 137 -77 -8.1 0.0 May 10, 2024 J-GAAP
Apr - Jun, 2024 5,472 1,288 883 92.7 0.0 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 5,585 1,390 923 96.9 0.0 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 5,431 542 349 36.6 0.0 Jan 31, 2025 J-GAAP
YoY +9.9% -50.4% -41.4% -41.6%

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