Worth reading
73In 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
100
¥100 million (full-year target increase)Wording
Conditional
How definitive the wording is.Contents of this document
Financial Results PresentationSecond quarter of the fiscal year ending March 2027 (first half of FY2026)10 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥2,459 100 million +23.5%interim income before income taxes and other adjustments
Net income¥1,735 100 million +21.4%interim net income attributable to owners of the parent
Selling, general and administrative expenses¥-2,456 100 million excluding expenses and temporary bank-related items
Full-year earnings forecast
Profit attributable to owners of the parent
¥3,400 100 million
Core net business profit (excluding gains and losses on cancellation of investment trusts)
¥4,600 100 million
Annual Dividend
37 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。
Interim net profit attributable to owners of the parent52.5%
Core net business profit (excluding gains and losses on cancellation of investment trusts)53.2%
Fee income (vs. full-year target set at the beginning of the period)51.0%
Credit costs (percentage of full-year plan used)25.0%
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.
Year-on-year change in interim net income attributable to owners of parentDomestic deposit and lending income +¥45.2 billion, yen bond interest and other income +¥13.6 billion, fee income +¥8.5 billion, other funds-related income +¥24.9 billion, expenses −¥16.4 billion, equity in earnings of affiliates −¥1.0 billion, gains and losses related to stocks and other securities (including futures) +¥19.7 billion, credit costs −¥6.3 billion, total income taxes −¥16.4 billion, other −¥12.2 billion
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average loan balance (vs. previous period)+7.20%
Lending yield (vs. previous period)+0.33 percentage points
Bank of Japan policy rateReflecting a rate hike from 0.75% to 1.00%
New initiatives
- Rebalancing the bond portfolio using the reduction of policy-held shares and proceeds from their sale
- Promoting investment in IT and human capital
- Strategic rebalancing of securities using net investment assets
Key KPIsA metric the company considers important as a management benchmark.
- Average loan balance¥48.05 1 trillionYear on year against the same period last year+7.63%
- Loan yield1.4 %Year on year against the same period last year+0.29 percentage points
- Average deposit and NCD balance¥63.11 1 trillionYear on year against the same period last year+0.13%
- AUM balance¥8.15 1 trillionYear on year against the same period last year+11.3%
- OHR54.7 %Year on year against the same period last year−2.3 percentage points
- CET1 ratio (excluding valuation differences on other securities)10.18 %Year on year against the same period last year+0.10 percentage points
Unit price and quantity metricsThese figures show sales broken down by price and volume.
- Average loan balance¥48.05 1 trillionYear on year against the same period last year+7.63%
- Loan yield1.4 %Year on year against the same period last year+0.29 percentage points
- Average deposit and NCD balance¥63.11 1 trillionYear on year against the same period last year+0.13%
- Deposit yield0.31 %Year on year against the same period last year+0.13 percentage points
Medium-term management plan targets
OHRIn the 40% range in the fiscal year ending March 2029
Cross-ShareholdingsBy the end of March 2030, reduce book value by at least two-thirds from the end of March 2024 and bring the market value balance as a percentage of consolidated net assets to approximately 10%
Financial targets
CET1 ratio (planned at end-March 2027)In the 10% range
Annual Dividend
Annual
37 Yen
Interim
18.5 Yen
Acquisition of treasury shares
Acquisition cost¥50 billion (announced in July 2026)
Designation¥53.6 billion acquired in the first half was listed as a factor affecting the CET1 ratio
| Item | Details |
|---|---|
| Document type | Financial Results Presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 (first half of FY2026) |
| Ordinary income | ¥2,459 100 million (interim income before income taxes and other adjustments) (YoY +23.5%) |
| Net income | ¥1,735 100 million (interim net income attributable to owners of the parent) (YoY +21.4%) |
| Selling, general and administrative expenses | ¥-2,456 100 million (excluding expenses and temporary bank-related items) |
| Full-year earnings forecast | Profit attributable to owners of the parent ¥3,400 100 million / Core net business profit (excluding gains and losses on cancellation of investment trusts) ¥4,600 100 million / Annual Dividend 37 Yen |
| Progress against full-year forecast | Interim net profit attributable to owners of the parent 52.5% / Core net business profit (excluding gains and losses on cancellation of investment trusts) 53.2% / Fee income (vs. full-year target set at the beginning of the period) 51.0% / Credit costs (percentage of full-year plan used) 25.0% |
| Self-assessment against the plan | Both balances and yields are stronger than planned |
| Breakdown of Factors Affecting the Change | Year-on-year change in interim net income attributable to owners of parent Domestic deposit and lending income +¥45.2 billion, yen bond interest and other income +¥13.6 billion, fee income +¥8.5 billion, other funds-related income +¥24.9 billion, expenses −¥16.4 billion, equity in earnings of affiliates −¥1.0 billion, gains and losses related to stocks and other securities (including futures) +¥19.7 billion, credit costs −¥6.3 billion, total income taxes −¥16.4 billion, other −¥12.2 billion |
| Key KPIs | Indicator name Average loan balance / Value ¥48.05 1 trillion / Year on year against the same period last year +7.63%, Indicator name Loan yield / Value 1.4 % / Year on year against the same period last year +0.29 percentage points, Indicator name Average deposit and NCD balance / Value ¥63.11 1 trillion / Year on year against the same period last year +0.13%, Indicator name AUM balance / Value ¥8.15 1 trillion / Year on year against the same period last year +11.3%, Indicator name OHR / Value 54.7 % / Year on year against the same period last year −2.3 percentage points, Indicator name CET1 ratio (excluding valuation differences on other securities) / Value 10.18 % / Year on year against the same period last year +0.10 percentage points |
| Unit price and quantity metrics | Indicator name Average loan balance / Value ¥48.05 1 trillion / Year on year against the same period last year +7.63%, Indicator name Loan yield / Value 1.4 % / Year on year against the same period last year +0.29 percentage points, Indicator name Average deposit and NCD balance / Value ¥63.11 1 trillion / Year on year against the same period last year +0.13%, Indicator name Deposit yield / Value 0.31 % / Year on year against the same period last year +0.13 percentage points |
| Assumptions Underlying the Business Outlook | Average loan balance (vs. previous period) +7.20% / Lending yield (vs. previous period) +0.33 percentage points / Bank of Japan policy rate Reflecting a rate hike from 0.75% to 1.00% |
| Medium-term management plan targets | OHR In the 40% range in the fiscal year ending March 2029 / Cross-Shareholdings By the end of March 2030, reduce book value by at least two-thirds from the end of March 2024 and bring the market value balance as a percentage of consolidated net assets to approximately 10% |
| Financial targets | CET1 ratio (planned at end-March 2027) In the 10% range |
| Annual Dividend | Annual 37 Yen / Interim 18.5 Yen |
| Acquisition of treasury shares | Acquisition cost ¥50 billion (announced in July 2026) / Designation ¥53.6 billion acquired in the first half was listed as a factor affecting the CET1 ratio |
| New initiatives | Rebalancing the bond portfolio using the reduction of policy-held shares and proceeds from their sale, Promoting investment in IT and human capital, Strategic rebalancing of securities using net investment assets |
Items this document does not state (14)
Net SalesOperating profitGross Profit MarginOperating profit marginResults for the three months of the current quarterSegment resultsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookPayout ratioCapital 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 explained that it made this upward revision to reflect the earnings benefit from the Bank of Japan's rate hike in June, as well as the solid performance through the first half. The main drivers of profit growth included higher domestic deposit and lending income, fee income, and gains and losses related to stocks and other securities.
How to read this page
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