Worth reading
78Important
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
200
¥100 million (amount of the upward revision to the full-year earnings target)Wording
Conditional
How definitive the wording is.Contents of this document
Presentation materials on financial resultsFirst quarter of the fiscal year ending March 202713 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net income805 Hundred millions of yen+14.1%
Selling, general and administrative expenses-1,219 Hundred millions of yen
Results for the three months of the current quarterStandalone first-quarter results included profit attributable to owners of the parent of ¥80.5 billion, core net business profit of ¥107.4 billion and gross business profit of ¥217.8 billion.
Full-year earnings forecast
Profit attributable to owners of the parent
3,300 Hundred millions of yen
Core net business profit (excluding gains and losses on cancellation of investment trusts)
4,430 Hundred millions of yen
Fee income
2,320 Hundred millions of yen
Credit-related expenses
-395 Hundred millions of yen
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。
Profit attributable to owners of the parent25.9%
Fee income26.5%
Credit-related expenses3.3% (portion of the full-year plan used)
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Both balances and yields are stronger than plannedBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Domestic deposit and lending income+¥20.9 billion
Average balance factor+¥9.1 billion
Yield factor+¥11.8 billion
Interest on yen-denominated bonds, etc.+¥6.0 billion
Interest on deposits with the Bank of Japan+¥1.9 billion
Fee income+¥3.7 billion
Expenses-¥7.7 billion
Other gross business profit-¥12.3 billion
Share of profit or loss of investments accounted for using the equity method-¥300 million
Gains and losses related to stocks, etc. (including futures)+¥3.7 billion
Credit-related expenses-¥2.2 billion
Total income taxes-¥8.9 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Policy rate1.00% from 17 June 2026
Estimated impact of higher interest ratesCases based on policy rates of 1.0% and 1.5%
Calculation assumptionsAssumes an unchanged balance sheet and incorporates loans, time deposits and other items whose interest rate repricing dates fall within one year
New initiatives
- New ¥50.0 billion share repurchase authorization
- Partial repositioning of the bond portfolio in preparation for further interest rate increases
- Use capital generated by reducing cross-held shares for expanded investment in IT and human resources, growth investments, structural reform and shareholder returns
Key KPIsA metric the company considers important as a management benchmark.
- TSE-based ROE10.9 %Year on year against the same period last year+0.7 percentage points
- EPS¥35.78Year on year against the same period last year+16.3%
- BPS¥1,341.39Year on year against the same period last year+9.6%
- Expense ratio (OHR)55.9 %Year on year against the same period last year-2.7 percentage points
- Average loan balance¥47.69 trillionYear on year against the same period last year+6.76%
- Loan yield1.33 %Year on year against the same period last year+0.25 percentage points
- Average deposit and NCD balance¥63.21 trillionYear on year against the same period last year-0.11%
- Non-performing loan ratio1.02 %
- Asset-building support product ratio16.9 %
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Average loan balance of ¥47.69 trillion (+6.76% year on year), a loan yield of 1.33% (+0.25 percentage points), and new residential mortgage originations of ¥0.44 trillion (+40.2%), among other metricsSegment results
Business Division
Gross business profit
2,849 Hundred millions of yen
Expenses
-1,208 Hundred millions of yen
Core operating profit
1,637 Hundred millions of yen
Consumer Division
Gross business profit
1,467 Hundred millions of yen
Expenses
-647 Hundred millions of yen
Medium-term management plan targets
ROE10.0% at the beginning of the fiscal year ending March 2027, 10.7% after the revision
Cross-ShareholdingsReduce the book value by at least two-thirds by the end of March 2030 compared with the end of March 2024
Financial targets
ROE
Actual results10.9 %
Target10.7 %
Target fiscal yearFiscal year ending March 2027
Market Size / Share
The presentation states that the average loan-to-deposit ratio and deposit-to-securities ratio for leading regional banks are 83% and 21%, respectively, compared with 76% and 18% for the company.Annual Dividend
Forecast annual dividend increase of ¥8 per share; breakdown of the specific annual dividend amount is Not disclosedPayout ratio
Total payout ratio (forecast): 50.9%Acquisition of treasury shares
Up to ¥50.0 billion
Number of SharesHold up to approximately 5% of the total shares issued
PeriodThrough 31 January 2027
| Item | Details |
|---|---|
| Document type | Presentation materials on financial results |
| Fiscal Period Covered | First quarter of the fiscal year ending March 2027 |
| Net income | 805 Hundred millions of yen (YoY +14.1%) |
| Selling, general and administrative expenses | -1,219 Hundred millions of yen |
| Results for the three months of the current quarter | Standalone first-quarter results included profit attributable to owners of the parent of ¥80.5 billion, core net business profit of ¥107.4 billion and gross business profit of ¥217.8 billion. |
| Full-year earnings forecast | Profit attributable to owners of the parent 3,300 Hundred millions of yen / Core net business profit (excluding gains and losses on cancellation of investment trusts) 4,430 Hundred millions of yen / Fee income 2,320 Hundred millions of yen / Credit-related expenses -395 Hundred millions of yen |
| Progress against full-year forecast | Profit attributable to owners of the parent 25.9% / Fee income 26.5% / Credit-related expenses 3.3% (portion of the full-year plan used) |
| Self-assessment against the plan | Both balances and yields are stronger than planned |
| Segment results | Business Division Gross business profit 2,849 Hundred millions of yen / Expenses -1,208 Hundred millions of yen / Core operating profit 1,637 Hundred millions of yen / Consumer Division Gross business profit 1,467 Hundred millions of yen / Expenses -647 Hundred millions of yen |
| Breakdown of Factors Affecting the Change | Domestic deposit and lending income +¥20.9 billion / Average balance factor +¥9.1 billion / Yield factor +¥11.8 billion / Interest on yen-denominated bonds, etc. +¥6.0 billion / Interest on deposits with the Bank of Japan +¥1.9 billion / Fee income +¥3.7 billion / Expenses -¥7.7 billion / Other gross business profit -¥12.3 billion / Share of profit or loss of investments accounted for using the equity method -¥300 million / Gains and losses related to stocks, etc. (including futures) +¥3.7 billion / Credit-related expenses -¥2.2 billion / Total income taxes -¥8.9 billion |
| Key KPIs | Indicator name TSE-based ROE / Value 10.9 % / Year on year against the same period last year +0.7 percentage points, Indicator name EPS / Value ¥35.78 / Year on year against the same period last year +16.3%, Indicator name BPS / Value ¥1,341.39 / Year on year against the same period last year +9.6%, Indicator name Expense ratio (OHR) / Value 55.9 % / Year on year against the same period last year -2.7 percentage points, Indicator name Average loan balance / Value ¥47.69 trillion / Year on year against the same period last year +6.76%, Indicator name Loan yield / Value 1.33 % / Year on year against the same period last year +0.25 percentage points, Indicator name Average deposit and NCD balance / Value ¥63.21 trillion / Year on year against the same period last year -0.11%, Indicator name Non-performing loan ratio / Value 1.02 % / Year on year against the same period last year Not disclosed, Indicator name Asset-building support product ratio / Value 16.9 % / Year on year against the same period last year Not disclosed |
| Unit price and quantity metrics | Average loan balance of ¥47.69 trillion (+6.76% year on year), a loan yield of 1.33% (+0.25 percentage points), and new residential mortgage originations of ¥0.44 trillion (+40.2%), among other metrics |
| Assumptions Underlying the Business Outlook | Policy rate 1.00% from 17 June 2026 / Estimated impact of higher interest rates Cases based on policy rates of 1.0% and 1.5% / Calculation assumptions Assumes an unchanged balance sheet and incorporates loans, time deposits and other items whose interest rate repricing dates fall within one year |
| Medium-term management plan targets | ROE 10.0% at the beginning of the fiscal year ending March 2027, 10.7% after the revision / Cross-Shareholdings Reduce the book value by at least two-thirds by the end of March 2030 compared with the end of March 2024 |
| Financial targets | ROE Actual results 10.9 % / Target 10.7 % / Target fiscal year Fiscal year ending March 2027 |
| Annual Dividend | Forecast annual dividend increase of ¥8 per share; breakdown of the specific annual dividend amount is Not disclosed |
| Payout ratio | Total payout ratio (forecast): 50.9% |
| Acquisition of treasury shares | Amount Up to ¥50.0 billion / Number of Shares Hold up to approximately 5% of the total shares issued / Period Through 31 January 2027 |
| Market Size / Share | The presentation states that the average loan-to-deposit ratio and deposit-to-securities ratio for leading regional banks are 83% and 21%, respectively, compared with 76% and 18% for the company. |
| New initiatives | New ¥50.0 billion share repurchase authorization, Partial repositioning of the bond portfolio in preparation for further interest rate increases, Use capital generated by reducing cross-held shares for expanded investment in IT and human resources, growth investments, structural reform and shareholder returns |
Items this document does not state (11)
Net SalesOperating profitOrdinary incomeGross Profit MarginOperating profit marginNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookCapital expendituresOrders received and order backlogKey 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 target reflects, among other factors, an expected increase in funds income following the Bank of Japan's policy rate hike in June 2026. The share repurchase will be carried out as an additional shareholder return measure, taking into account the medium-term management plan's return policy and the upward revision to the earnings target.
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