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The Kita-Nippon Bank,Ltd., First Half Ordinary Profit Revised Upward by 75%

Wed Oct 30, 2024 3:00 pm JST Revision

8551 The Kita-Nippon Bank,Ltd. 【J-GAAP】

Guidance Update Report

The Kita-Nippon Bank,Ltd. <8551> [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 been revised upward by 75.0%, from the previous forecast of 1.6 billion yen to 2.8 billion yen (compared to 1.45 billion yen in the same period of the previous year), increasing the growth rate from 9.9% to 92.3%.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 3.9 billion yen(compared to 4.09 billion yen in the previous period).

Kabutan News

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 11,600 1,600 1,100 130.0 40 May 14, 2024 J-GAAP
Apr - Sep, 2024 New 12,900 2,800 2,200 260.0 40 Oct 30, 2024 J-GAAP
Revision Rate +11.2% +75.0% +100.0% +100.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 14,893 1,456 893 106.2 30 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 Guidance 12,900 2,800 2,200 260.0 40 Oct 30, 2024 J-GAAP
YoY -13.4% +92.3% +146.4% +144.9%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 23,638 3,500 2,659 316.7 60 May 12, 2023 J-GAAP
Mar, 2024 29,017 4,098 3,073 364.6 80 May 14, 2024 J-GAAP
Mar, 2025 Guidance 23,300 3,900 2,800 337.1 80 May 14, 2024 J-GAAP
YoY -19.7% -4.8% -8.9% -7.5%

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