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THE TOWA BANK,LTD., First Half Ordinary Profit Revised Upward to an Unexpected 3% Increase

Tue Nov 5, 2024 3:30 pm JST Revision

8558 THE TOWA BANK,LTD. 【J-GAAP】

Guidance Update Report

THE TOWA BANK,LTD. <8558> [TSE-P] announced a performance revision after the market closed on November 5th (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) has been revised upward by 2.1 times, from the previous forecast of 1 billion yen to 2.06 billion yen (compared to 2 billion yen in the same period of the previous year), turning to a 2.9% increase in the consolidated ordinary profit outlook.

Furthermore, the full-year ordinary profit forecast remains unchanged from the estimate of 2 billion yen(compared to 4.33 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 1,000 750 20.2 0 May 9, 2024 J-GAAP
Apr - Sep, 2024 New 2,060 1,190 32.1 0 Nov 5, 2024 J-GAAP
Revision Rate +106.0% +58.7% +58.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2023 17,301 2,001 1,531 41.4 0 Nov 7, 2023 J-GAAP
Apr - Sep, 2024 Guidance 2,060 1,190 32.1 0 Nov 5, 2024 J-GAAP
YoY +2.9% -22.3% -22.5%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 33,513 3,987 4,094 105.6 25 May 12, 2023 J-GAAP
Mar, 2024 34,138 4,335 3,530 89.8 35 May 9, 2024 J-GAAP
Mar, 2025 Guidance 2,000 1,500 40.8 30 May 9, 2024 J-GAAP
YoY -53.9% -57.5% -54.6%

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