Worth reading
59In 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
160
¥100 million or more (profit level)Wording
Conditional
How definitive the wording is.Items stated in the management plan
Partial updateNet income for the current fiscal year+100.0%
基準 8Target16100 million
ROE-2.3pt
基準 12.26Target10％
Each line is the climb from the baseline the document states to the target it sets. The slope is scaled against the largest climb in this document. For metrics expressed as percentages, differences are shown in percentage points (pt).The increase shown by the dotted line is calculated from the two reported figures because the company did not provide the amount of growth.
What happened to the previous planNet income of approximately ¥6 billion, shareholders’ equity-based ROE of 6%, core OHR below 60%, and a capital adequacy ratio of 10% → Fiscal 2025 results: net income of ¥14.7 billion, shareholders’ equity-based ROE of 12.55%, core OHR of 51.6%, and a capital adequacy ratio of 11.96%+3,275.0%Calculated from the two disclosed figures
Statements about the use of capital
Self-assessment of PBR and share priceThe plan states that the Company aims to achieve “a PBR ranking among the leading regional banks.” The current PBR and the Company’s assessment of its low level are not disclosed.PBR is a measure of how many times the share price is the book value per share.
Key initiatives
01Initiatives related to growth investments
02Investments that contribute to the regional economy
03Investments that contribute to the organization
04Strengthening consulting capabilities
05Operational reform through the use of generative AI and IT resources
06Transformation of branch operations
07Providing High-Value-Added Services
08Further contribution to the regional economy
09Strengthening funding provision and hands-on support focused on the future viability and growth potential of businesses
10Further advancement of the Group’s comprehensive financial services
Plan assumptionsNot disclosed. The plan presents the policy interest rate, the 10-year Japanese government bond yield, foreign exchange rates, the Nikkei Stock Average, and population projections for Toyama Prefecture as external conditions, but does not expressly identify them as numerical assumptions underlying the plan.
Risks identified by the company
Unforeseeable social conditions and changes in the business environment
Future business performance may differ from the stated figures due to changes in the business environment and other factors
Reason for revision or withdrawal
The Company will update certain contents following a comprehensive assessment of changes in the business environment, including the shift to a world with interest rates, as well as business performance trends.
| Item | Details |
|---|---|
| Plan name | Long-Term Vision “ファーストバンク VISION10” |
| Plan period | April 2023 to March 2033 (10 years) |
| Progress against the plan | Partial update |
| Net income target | ¥8 billion or more (previous 2nd STAGE) → ¥16 billion or more (updated 2nd STAGE)（100% (based on the lower limit)） |
| ROE target | 6% (previous 1st STAGE; “—” for the previous 2nd STAGE) / most recent actual: 12.26% → 10% (shareholders’ equity ROE)（66.7% (versus the 1st STAGE target)） |
| Self-assessment of PBR and share price | The plan states that the Company aims to achieve “a PBR ranking among the leading regional banks.” The current PBR and the Company’s assessment of its low level are not disclosed. |
| Plan assumptions | Not disclosed. The plan presents the policy interest rate, the 10-year Japanese government bond yield, foreign exchange rates, the Nikkei Stock Average, and population projections for Toyama Prefecture as external conditions, but does not expressly identify them as numerical assumptions underlying the plan. |
| Key initiatives | Initiatives related to growth investments, Investments that contribute to the regional economy, Investments that contribute to the organization, Strengthening consulting capabilities, Operational reform through the use of generative AI and IT resources, Transformation of branch operations, Providing High-Value-Added Services, Further contribution to the regional economy, Strengthening funding provision and hands-on support focused on the future viability and growth potential of businesses, Further advancement of the Group’s comprehensive financial services |
| Results under the previous plan | Net income of approximately ¥6 billion, shareholders’ equity-based ROE of 6%, core OHR below 60%, and a capital adequacy ratio of 10% → Fiscal 2025 results: net income of ¥14.7 billion, shareholders’ equity-based ROE of 12.55%, core OHR of 51.6%, and a capital adequacy ratio of 11.96% |
| Reason for revision or withdrawal | The Company will update certain contents following a comprehensive assessment of changes in the business environment, including the shift to a world with interest rates, as well as business performance trends. |
| Risks identified | Unforeseeable social conditions and changes in the business environment, Future business performance may differ from the stated figures due to changes in the business environment and other factors |
| Date of board resolution | 12 May 2026 |
| Publication date | 12 May 2026 |
Items this document does not state (12)
Sales TargetOperating profit targetOperating profit margin targetROIC targetPayout ratio / DOE policyTreasury share acquisition policyCost of capitalTotal investment planInvestment amount by sectorSegment targetNon-financial targetsSize of the Target Market
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 Company made a comprehensive assessment of changes in the business environment, including the shift to a world with interest rates, as well as business performance trends. In addition, during the 1st STAGE, all of the numerical targets initially established were achieved ahead of schedule through such factors as an increase in net interest income and the realization of valuation gains and losses on securities.
How to read this page
This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.