Shiga Bank Full Year 2024 Earnings: Misses Expectations

Shiga Bank (TSE:8366) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥99.1b (down 4.2% from FY 2023).
• Net income: JP¥15.9b (up 7.3% from FY 2023).
• Profit margin: 16% (up from 14% in FY 2023). The increase in margin was driven by lower expenses.
• EPS: JP¥336 (up from JP¥311 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Shiga Bank Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 19%. Earnings per share (EPS) also missed analyst estimates by 1.8%.

Looking ahead, revenue is forecast to grow 22% p.a. on average during the next 2 years, compared to a 2.2% decline forecast for the Banks industry in Japan.

Performance of the Japanese Banks industry.

The company's shares are down 2.2% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Shiga Bank's balance sheet.

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