Worth reading
90Important
Scored from 5 of 6 sectionsDirection
Improvement
Direction inferred from the company’s description.Scale
25
¥100 million (increase in net income attributable to owners of the parent from the initial forecast)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentation materialsSecond quarter of the fiscal year ending March 202710 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥515 100 million+21.2%
Net income¥349 100 million+25.1%
Selling, general and administrative expenses¥314 100 million
Full-year earnings forecast
Core gross operating profit
¥1,590 100 million
Net Interest Income
¥1,240 100 million
Net interest income excluding gains and losses on investment trust cancellations
¥1,165 100 million
Non-interest income
¥350 100 million
Expenses
¥660 100 million
Core net business profit
¥930 100 million
Core operating profit excluding gains and losses on investment trust cancellations
¥855 100 million
Credit-related expenses
¥50 100 million
Ordinary income
¥1,000 100 million
Profit attributable to owners of the parent
¥675 100 million
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Versus the initial forecast, core business profit excluding gains/losses on investment trust cancellations was up ¥3.5 billion, and net income attributable to owners of the parent was up ¥2.5 billionBreakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated core net business profit (excluding gains and losses on cancellation of investment trusts)Interest on loans +¥26.6 billion, including V +¥2.1 billion and R +¥24.5 billion as a breakdown of interest on loans and other items, securities interest +¥3.4 billion, Other +¥3.6 billion, Bank of Japan interest +¥1.7 billion, interest on deposits -¥19.6 billion, funding costs -¥5.9 billion, non-interest income +¥5.7 billion, expenses -¥6.0 billion, etc.
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Average loan balance, all branches
¥72,779 100 million
Year on year against the same period last year+4.0%
Lending yield, all branches
1.8 %
Year on year against the same period last year+0.34 percentage points
Average securities balance, all branches
¥20,833 100 million
Year on year against the same period last year+2.7%
Average deposit balance, all branches
¥85,415 100 million
Year on year against the same period last year+0.7%
Deposit yield, all branches
0.45 %
Year on year against the same period last year+0.15 points
New initiatives
- Strengthening derivatives through the sharing of know-how with Daishi Hokuetsu FG
- Rolling out derivatives sales across all branches
- Promoting branch managers' acquisition of M&A Senior Expert certification
- Expansion of app functionality
- Initiatives to prevent the outflow of own-bank deposits to other banks
- Considering diversification of funding sources through RMBS, senior bonds and CP
Key KPIsA metric the company considers important as a management benchmark.
- Consolidated core net business profit (excluding gains and losses on cancellation of investment trusts)¥417 100 millionYear on year against the same period last year+¥7.3 billion
- OHR (excluding gains and losses on cancellation of investment trusts)42.9 %Year on year against the same period last year-3.1 percentage points
- ROE (annualized)11.2 %Year on year against the same period last year+1.6 percentage points
- Outstanding loans¥73,335 100 millionYear on year against the same period last year+¥291.4 billion (+4.1%)
- Deposits and other liabilities¥86,966 100 millionYear on year against the same period last year-¥60.5 billion (-0.6%)
- Non-performing loan ratio1.13 %Year on year against the same period last yearYear-on-year change: Not disclosed
Medium-term management plan targets
Final yearFiscal year ending March 2028
Non-interest income
¥350 100 million
Core operating profit excluding gains and losses on investment trust cancellations
¥800 100 million
Profit attributable to owners of the parent
¥600 100 million
OHRApproximately 45%
ROEAt least 10%
Financial targets
ROE
TargetAt least 10%
Actual results10.7 %
Annual Dividend
Annual
¥74 /share
Interim
¥37 /share
End of period
¥37 /share
Payout ratio
41.5 %
PolicyApproximately 40% of net income attributable to owners of the parent
Acquisition of treasury shares
Actual results
FY3/26¥60 100 million
| Item | Details |
|---|---|
| Document type | Earnings presentation materials |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Ordinary income | ¥515 100 million (YoY +21.2%) |
| Net income | ¥349 100 million (YoY +25.1%) |
| Selling, general and administrative expenses | ¥314 100 million |
| Full-year earnings forecast | Core gross operating profit ¥1,590 100 million / Net Interest Income ¥1,240 100 million / Net interest income excluding gains and losses on investment trust cancellations ¥1,165 100 million / Non-interest income ¥350 100 million / Expenses ¥660 100 million / Core net business profit ¥930 100 million / Core operating profit excluding gains and losses on investment trust cancellations ¥855 100 million / Credit-related expenses ¥50 100 million / Ordinary income ¥1,000 100 million / Profit attributable to owners of the parent ¥675 100 million |
| Self-assessment against the plan | Versus the initial forecast, core business profit excluding gains/losses on investment trust cancellations was up ¥3.5 billion, and net income attributable to owners of the parent was up ¥2.5 billion |
| Breakdown of Factors Affecting the Change | Consolidated core net business profit (excluding gains and losses on cancellation of investment trusts) Interest on loans +¥26.6 billion, including V +¥2.1 billion and R +¥24.5 billion as a breakdown of interest on loans and other items, securities interest +¥3.4 billion, Other +¥3.6 billion, Bank of Japan interest +¥1.7 billion, interest on deposits -¥19.6 billion, funding costs -¥5.9 billion, non-interest income +¥5.7 billion, expenses -¥6.0 billion, etc. |
| Key KPIs | Indicator name Consolidated core net business profit (excluding gains and losses on cancellation of investment trusts) / Value ¥417 100 million / Year on year against the same period last year +¥7.3 billion, Indicator name OHR (excluding gains and losses on cancellation of investment trusts) / Value 42.9 % / Year on year against the same period last year -3.1 percentage points, Indicator name ROE (annualized) / Value 11.2 % / Year on year against the same period last year +1.6 percentage points, Indicator name Outstanding loans / Value ¥73,335 100 million / Year on year against the same period last year +¥291.4 billion (+4.1%), Indicator name Deposits and other liabilities / Value ¥86,966 100 million / Year on year against the same period last year -¥60.5 billion (-0.6%), Indicator name Non-performing loan ratio / Value 1.13 % / Year on year against the same period last year Year-on-year change: Not disclosed |
| Assumptions Underlying the Business Outlook | Average loan balance, all branches ¥72,779 100 million / Lending yield, all branches 1.8 % / Average securities balance, all branches ¥20,833 100 million / Average deposit balance, all branches ¥85,415 100 million / Deposit yield, all branches 0.45 % |
| Medium-term management plan targets | Final year Fiscal year ending March 2028 / Non-interest income ¥350 100 million / Core operating profit excluding gains and losses on investment trust cancellations ¥800 100 million / Profit attributable to owners of the parent ¥600 100 million / OHR Approximately 45% / ROE At least 10% |
| Financial targets | ROE Target At least 10% / Actual results 10.7 % |
| Annual Dividend | Annual ¥74 /share / Interim ¥37 /share / End of period ¥37 /share |
| Payout ratio | 41.5 % |
| Acquisition of treasury shares | Actual results ¥60 100 million / FY3/27 forecast Not disclosed |
| New initiatives | Strengthening derivatives through the sharing of know-how with Daishi Hokuetsu FG, Rolling out derivatives sales across all branches, Promoting branch managers' acquisition of M&A Senior Expert certification, Expansion of app functionality, Initiatives to prevent the outflow of own-bank deposits to other banks, Considering diversification of funding sources through RMBS, senior bonds and CP |
Items this document does not state (15)
Net SalesOperating profitGross Profit MarginOperating profit marginResults for the three months of the current quarterProgress against full-year forecastSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookCapital 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.Non-interest income increased in addition to net interest income, causing consolidated core business profit excluding gains/losses on investment trust cancellations to exceed the plan. For non-interest income, the company cited measures including strengthening derivatives through the sharing of know-how with Daishi Hokuetsu FG.
How to read this page
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