TOWA BANK, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 15%, Exceeds Full-Year Plan

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Fri Feb 7, 2025 3:30 pm JST Earnings

8558 THE TOWA BANK,LTD. 【J-GAAP】

Earnings Report

THE TOWA BANK,LTD. <8558> [TSE Prime] announced its financial results after the market closed on February 7th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) decreased 15.0% from the same period last year to 3.03 billion yen. However, the progress rate toward the full-year plan of 2 billion yen is 151.6%, already exceeding the target and also exceeding the five-year average of 86.1%.

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/loss for the January to March period (4Q) is expected to turn into a loss of 1.03 billion yen (compared to a profit of 0.77 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.96 billion yen, a 38.3% decrease compared to the same period last year.

Kabutan News

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	24,712	ー	3,046	3,282	88.9	76.4	Feb 3, 2023	J-GAAP
Apr - Dec, 2023	25,689	ー	3,565	2,856	77.2	82.2	Feb 2, 2024	J-GAAP
Apr - Dec, 2024	25,615	ー	3,031	1,975	53.4	151.6	Feb 7, 2025	J-GAAP
YoY	-0.3%	－	-15.0%	-30.8%	-30.9%

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	16,837	ー	2,334	1,999	50.9	35	May 9, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	-66	304	8.3	30	Nov 12, 2024	J-GAAP
YoY	－	－	－	-84.8%	-83.7%

Current Period Guidance

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

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	8,388	ー	1,564	1,325	35.8	0.0	Feb 2, 2024	J-GAAP
Jan - Mar, 2024	8,449	ー	770	674	17.2	0.0	May 9, 2024	J-GAAP
Apr - Jun, 2024	8,045	ー	705	665	18.0	0.0	Aug 5, 2024	J-GAAP
Jul - Sep, 2024	8,731	ー	1,361	531	14.3	0.0	Nov 12, 2024	J-GAAP
Oct - Dec, 2024	8,839	ー	965	779	21.1	0.0	Feb 7, 2025	J-GAAP
YoY	+5.4%	－	-38.3%	-41.2%	-41.3%