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The Minami-Nippon Bank,Ltd., First Half Ordinary Profit Revised Upward to an Unexpected 57% Increase

Fri Nov 1, 2024 2:00 pm JST Revision

8554 The Minami-Nippon Bank,Ltd. 【J-GAAP】

Guidance Update Report

The Minami-Nippon Bank,Ltd. <8554> [FukuokaSE] announced a performance revision in the afternoon session on November 1st (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 2.6 times, from the previous forecast of 750 million yen to 1.98 billion yen (compared to 1.26 billion yen in the same period of the previous year), turning to a 56.8% increase in the consolidated ordinary profit outlook.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 1.6 billion yen(compared to 2.03 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 750 500 63.2 0 May 10, 2024 J-GAAP
Apr - Sep, 2024 New 1,980 1,480 190.8 0 Nov 1, 2024 J-GAAP
Revision Rate +164.0% +196.0% +201.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 7,309 1,263 1,145 133.4 0 Nov 9, 2023 J-GAAP
Apr - Sep, 2024 Guidance 1,980 1,480 190.8 0 Nov 1, 2024 J-GAAP
YoY +56.8% +29.3% +43.0%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 14,651 1,883 1,532 160.7 25 May 11, 2023 J-GAAP
Mar, 2024 14,565 2,035 1,613 183.8 30 May 10, 2024 J-GAAP
Mar, 2025 Guidance 1,600 1,100 122.6 30 May 10, 2024 J-GAAP
YoY -21.4% -31.8% -33.3%

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