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THE TOCHIGI BANK,LTD., First Half Ordinary Profit Revised Downward by 30%

Wed Oct 30, 2024 3:00 pm JST Revision

8550 THE TOCHIGI BANK,LTD. 【J-GAAP】

Guidance Update Report

THE TOCHIGI BANK,LTD. <8550> [TSE-P] announced a performance revision after the market closed on October 30th (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has downwardly by 29.7%, from the previous forecast of 2.9 billion yen to 2.04 billion yen (compared to 3.45 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 16.1% to 41.0%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 5.9 billion yen(compared to 4.23 billion yen in the previous period).

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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 21,000 2,900 1,800 17.4 3.50 May 10, 2024 J-GAAP
Apr - Sep, 2024 New 22,130 2,040 1,470 14.2 3.50 Oct 30, 2024 J-GAAP
Revision Rate +5.4% -29.7% -18.3% -18.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 21,081 3,457 1,843 17.8 3 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 Guidance 22,130 2,040 1,470 14.2 3.50 Oct 30, 2024 J-GAAP
YoY +5.0% -41.0% -20.2% -20.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,222 5,062 2,652 25.6 6 May 12, 2023 J-GAAP
Mar, 2024 45,276 4,234 2,101 20.3 6 May 10, 2024 J-GAAP
Mar, 2025 Guidance 43,000 5,900 3,600 34.7 7 May 10, 2024 J-GAAP
YoY -5.0% +39.3% +71.3% +71.2%

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