Worth reading
59In focus
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
233
¥100 million (ordinary profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFirst half of FY2026 (April to September 2026)5 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥233 100 million+52.0%
Net income¥189 100 million +39.0%net income attributable to owners of the parent
Selling, general and administrative expenses¥-338 100 million
Full-year earnings forecast
Consolidated gross operating profit
¥1,110 100 million
Consolidated net business profit
¥440 100 million
Ordinary income
¥370 100 million
Net income attributable to owners of the parent
¥270 100 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。
Consolidated gross operating profit53%
Consolidated net business profit61%
Ordinary income63%
Net income attributable to owners of the parent70%
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Domestic net interest income+¥7.4 billion year on year
- Overseas net interest income+¥2.7 billion year on year
- Net fees and commissions+¥1.0 billion year on year
- Other operating income (excluding gains (losses) on government and other bonds)+¥4.7 billion year on year
- Gains or losses on Japanese government bonds and other securities-¥9.8 billion year on year
- Expenses-¥1.7 billion year on year
- Credit-related expenses+¥1.9 billion year on year
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- 0.25 %AssumptionYen interest rates rise across all maturities
- 75 %AssumptionDeposit rate pass-through ratio
- Unchanged from 30 September 2026AssumptionBalance sheet
New initiatives
- Establishment of a private debt fund jointly by 6 banks to provide LBO loans
- Establishment of an investment company jointly with Arthur D. Little to formulate strategies and provide funding
- Establishment of a new Growth Strategy Office
Key KPIsA metric the company considers important as a management benchmark.
- Domestic loan balance (excluding loans to the government)¥28,622 100 millionYear on year against the same period last year+¥219.3 billion from 31 March 2026 (+8%)
- Assets under custody of individual customers (fund wraps and investment trusts)Year on year against the same period last yearApproximately +¥150.0 billion from 31 March 2026 (+20%)
- Number of corporate accounts at GMOあおぞらネット銀行27.7 ten thousand itemsYear on year against the same period last yearApproximately +30,000 from 31 March 2026 (+13%)
- Deposit-loan spread (domestic deposit and lending rate spread, Q2)1.32 %Year on year against the same period last year+30bp
- Net income of GMOあおぞらネット銀行¥25 100 millionYear on year against the same period last year¥100 million in the same period of the previous year
Medium-term management plan targets
- TargetBalances of foreign bonds, loans to US offices and other assetsTarget fiscal yearFiscal year ending March 2028Target valuePresented in the graph (target balance for foreign bonds and other assets)
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | First half of FY2026 (April to September 2026) |
| Ordinary income | ¥233 100 million (YoY +52.0%) |
| Net income | ¥189 100 million (net income attributable to owners of the parent) (YoY +39.0%) |
| Selling, general and administrative expenses | ¥-338 100 million |
| Full-year earnings forecast | Consolidated gross operating profit ¥1,110 100 million / Consolidated net business profit ¥440 100 million / Ordinary income ¥370 100 million / Net income attributable to owners of the parent ¥270 100 million |
| Progress against full-year forecast | Consolidated gross operating profit 53% / Consolidated net business profit 61% / Ordinary income 63% / Net income attributable to owners of the parent 70% |
| Breakdown of Factors Affecting the Change | Factors Domestic net interest income / Amount +¥7.4 billion year on year, Factors Overseas net interest income / Amount +¥2.7 billion year on year, Factors Net fees and commissions / Amount +¥1.0 billion year on year, Factors Other operating income (excluding gains (losses) on government and other bonds) / Amount +¥4.7 billion year on year, Factors Gains or losses on Japanese government bonds and other securities / Amount -¥9.8 billion year on year, Factors Expenses / Amount -¥1.7 billion year on year, Factors Credit-related expenses / Amount +¥1.9 billion year on year |
| Key KPIs | Indicator name Domestic loan balance (excluding loans to the government) / Value ¥28,622 100 million / Year on year against the same period last year +¥219.3 billion from 31 March 2026 (+8%), Indicator name Assets under custody of individual customers (fund wraps and investment trusts) / Value Not disclosed / Year on year against the same period last year Approximately +¥150.0 billion from 31 March 2026 (+20%), Indicator name Number of corporate accounts at GMOあおぞらネット銀行 / Value 27.7 ten thousand items / Year on year against the same period last year Approximately +30,000 from 31 March 2026 (+13%), Indicator name Deposit-loan spread (domestic deposit and lending rate spread, Q2) / Value 1.32 % / Year on year against the same period last year +30bp, Indicator name Net income of GMOあおぞらネット銀行 / Value ¥25 100 million / Year on year against the same period last year ¥100 million in the same period of the previous year |
| Assumptions Underlying the Business Outlook | Assumption Yen interest rates rise across all maturities / Value 0.25 %, Assumption Deposit rate pass-through ratio / Value 75 %, Assumption Balance sheet / Value Unchanged from 30 September 2026 |
| Medium-term management plan targets | Target Balances of foreign bonds, loans to US offices and other assets / Target fiscal year Fiscal year ending March 2028 / Target value Presented in the graph (target balance for foreign bonds and other assets) |
| New initiatives | Establishment of a private debt fund jointly by 6 banks to provide LBO loans, Establishment of an investment company jointly with Arthur D. Little to formulate strategies and provide funding, Establishment of a new Growth Strategy Office |
Items this document does not state (19)
Net SalesOperating profitGross Profit MarginOperating profit marginResults for the three months of the current quarterSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAnnual DividendPayout ratioAcquisition 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 company cited growth in domestic loan balances and the deposit-loan spread, a reduction in legacy assets, an increase in fees related to LBO loan lending and gains on partnership investments in buyout transactions, and higher settlement fees and net interest income at GMOあおぞらネット銀行. Meanwhile, it sold securities with unrealized losses and recorded a ¥7.0 billion loss on the sale of legacy assets.
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.