Worth reading
63In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Improvement
Direction inferred from the company’s description.Scale
400
¥100 millionWording
Conditional
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 2027, second quarter (interim period)9 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥5,510 100 million+55.6%
Net income¥3,815 100 million+58.7%
Selling, general and administrative expenses¥4,889 100 million
Full-year earnings forecast
Net interest income, etc.
¥18,220 100 million
Net fees and commissions
¥1,740 100 million
Operating expenses
¥9,860 100 million
Ordinary income
¥10,100 100 million
Net income attributable to owners of the parent
¥7,000 100 million
Progress against full-year forecast 通期の予想に対して、いまどこまで進んだかの割合です。
Ordinary income57.7
Net income attributable to owners of the parent57.8
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Solid progress ahead of planBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Increase in net interest income¥2,977 100 million
- Increase in net fees and commissions¥35 100 million
- Increase in expenses¥131 100 million
- Decrease in extraordinary gains and losses¥-915 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Domestic and overseas interest ratesExpected to track the implied forward rate as of the end of September 2026
Credit spreadExpected to track the average over the past year
Foreign ExchangeExpected to remain at the level as of the end of September 2026
New initiatives
- Upward revision to full-year earnings forecasts
- Upward Revision to Year-End Dividend Forecast
Key KPIsA metric the company considers important as a management benchmark.
- ROE (Equity-Based)7.54 %Year on year against the same period last year+2.6%
- OHR47.13 %Year on year against the same period last year-10.2%
- Number of accounts registered for the passbook app1,824 10,000 accounts
- Number of users of long-term asset-building programs96 10,000 people
- Capital adequacy ratio (domestic standards)15.39 %
- CET1 ratio (fully phased-in basis)10.24 %
Medium-term management plan targets
FY2026 net income attributable to owners of parent¥660 billion (¥700 billion after revision)
FY2026 ROEAt least 6.4% (at least 6.8% after revision)
FY2026 OHR51% or less
FY2026 CET1 ratio11～13%
Number of accounts registered on the digital passbook app for the fiscal year ending March 202925 million accounts
Number of users of the long-term asset-building program for the fiscal year ending March 20291.1 million people
Financial targets
ROE
Actual results7.54 %
TargetAt least 6.8%
CET1 ratio
Actual results10.24 %
Target11～13%
OHR
Actual results47.13 %
Target51% or less
Annual Dividend
¥99 per share
Year-end dividend99
Payout ratio
50.3| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2027, second quarter (interim period) |
| Ordinary income | ¥5,510 100 million (YoY +55.6%) |
| Net income | ¥3,815 100 million (YoY +58.7%) |
| Selling, general and administrative expenses | ¥4,889 100 million |
| Full-year earnings forecast | Net interest income, etc. ¥18,220 100 million / Net fees and commissions ¥1,740 100 million / Operating expenses ¥9,860 100 million / Ordinary income ¥10,100 100 million / Net income attributable to owners of the parent ¥7,000 100 million |
| Progress against full-year forecast | Ordinary income 57.7 / Net income attributable to owners of the parent 57.8 |
| Self-assessment against the plan | Solid progress ahead of plan |
| Breakdown of Factors Affecting the Change | Factors Increase in net interest income / Amount ¥2,977 100 million, Factors Increase in net fees and commissions / Amount ¥35 100 million, Factors Increase in expenses / Amount ¥131 100 million, Factors Decrease in extraordinary gains and losses / Amount ¥-915 100 million |
| Key KPIs | Indicator name ROE (Equity-Based) / Value 7.54 % / Year on year against the same period last year 2.64 %, Indicator name OHR / Value 47.13 % / Year on year against the same period last year -10.22 %, Indicator name Number of accounts registered for the passbook app / Value 1,824 10,000 accounts / Year on year against the same period last year Not disclosed, Indicator name Number of users of long-term asset-building programs / Value 96 10,000 people / Year on year against the same period last year Not disclosed, Indicator name Capital adequacy ratio (domestic standards) / Value 15.39 % / Year on year against the same period last year Not disclosed, Indicator name CET1 ratio (fully phased-in basis) / Value 10.24 % / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Domestic and overseas interest rates Expected to track the implied forward rate as of the end of September 2026 / Credit spread Expected to track the average over the past year / Foreign Exchange Expected to remain at the level as of the end of September 2026 |
| Medium-term management plan targets | FY2026 net income attributable to owners of parent ¥660 billion (¥700 billion after revision) / FY2026 ROE At least 6.4% (at least 6.8% after revision) / FY2026 OHR 51% or less / FY2026 CET1 ratio 11～13% / Number of accounts registered on the digital passbook app for the fiscal year ending March 2029 25 million accounts / Number of users of the long-term asset-building program for the fiscal year ending March 2029 1.1 million people |
| Financial targets | ROE Actual results 7.54 % / Target At least 6.8% / CET1 ratio Actual results 10.24 % / Target 11～13% / OHR Actual results 47.13 % / Target 51% or less |
| Annual Dividend | ¥99 per share |
| Payout ratio | 50.3 |
| New initiatives | Upward revision to full-year earnings forecasts, Upward Revision to Year-End Dividend Forecast |
Items this document does not state (15)
Net SalesOperating profitGross Profit MarginOperating profit marginResults for the three months of the current quarterSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The full-year earnings forecast was revised upward, reflecting higher-than-expected interest on deposits with the Bank of Japan following an earlier-than-expected policy rate increase, among other factors. The increase in interim earnings was mainly attributable to higher revenue from foreign bond investment trusts, higher interest income on Japanese government bonds resulting from rising domestic interest rates, and higher fee income due to increased use of various payment services, among other factors.
How to read this page
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