Worth reading
46Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
11
¥100 million (year-on-year increase in interim net profit)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationSecond quarter of the fiscal year ending March 20273 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥36 100 million-8.9%
Net income¥48 100 million+30.2%
Full-year earnings forecast
Ordinary income
¥81 100 million
Net income for the current fiscal year
¥94 100 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。
Ordinary income45.5 %
Interim net income51.6 %
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
- Interest income on loansChange in amount31.3
- Interest paid on depositsChange in amount-18.8
- Interest on deposits with banksChange in amount2
- Interest and dividends on securitiesChange in amount6.8
- Interest paid on bond lending transactionsChange in amount-1.4
- Net fees and commissionsChange in amount-2.9
- Gains and losses on securitiesChange in amount-12.5
- Operating expensesChange in amount-1.9
- Credit-Related CostsChange in amount-9.6
- Total extraordinary gains and lossesChange in amount9.6
- Income taxesChange in amount-2.6
New initiatives
Loss-cutting on domestic bonds and other securities to improve the securities portfolioKey KPIsA metric the company considers important as a management benchmark.
- Outstanding loans¥22,661 100 million
- Deposits outstanding¥26,071 100 million
- Assets under custody¥4,687 100 million
- Securities holdings¥3,965 100 million
- Non-performing loan ratio2.24 %
- Core OHR68.19 %
- Equity ratio9.94 %
- ROE9.39 %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Second quarter of the fiscal year ending March 2027 |
| Ordinary income | ¥36 100 million (YoY -8.9%) |
| Net income | ¥48 100 million (YoY +30.2%) |
| Full-year earnings forecast | Ordinary income ¥81 100 million / Net income for the current fiscal year ¥94 100 million |
| Progress against full-year forecast | Ordinary income 45.5 % / Interim net income 51.6 % |
| Breakdown of Factors Affecting the Change | Factors Interest income on loans / Change in amount ¥31.3 100 million, Factors Interest paid on deposits / Change in amount ¥-18.8 100 million, Factors Interest on deposits with banks / Change in amount ¥2 100 million, Factors Interest and dividends on securities / Change in amount ¥6.8 100 million, Factors Interest paid on bond lending transactions / Change in amount ¥-1.4 100 million, Factors Net fees and commissions / Change in amount ¥-2.9 100 million, Factors Gains and losses on securities / Change in amount ¥-12.5 100 million, Factors Operating expenses / Change in amount ¥-1.9 100 million, Factors Credit-Related Costs / Change in amount ¥-9.6 100 million, Factors Total extraordinary gains and losses / Change in amount ¥9.6 100 million, Factors Income taxes / Change in amount ¥-2.6 100 million |
| Key KPIs | Outstanding loans ¥22,661 100 million, Deposits outstanding ¥26,071 100 million, Assets under custody ¥4,687 100 million, Securities holdings ¥3,965 100 million, Non-performing loan ratio 2.24 %, Core OHR 68.19 %, Equity ratio 9.94 %, ROE 9.39 % |
| New initiatives | Loss-cutting on domestic bonds and other securities to improve the securities portfolio |
Items this document does not state (22)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial 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.Higher lending interest income and other net interest income resulting from rising domestic interest rates, as well as the recognition of a gain on the return of a retirement benefit trust as an extraordinary gain, contributed to the increase in interim net profit. Meanwhile, higher losses on sales of Japanese government bonds and other securities, higher credit-related expenses, and increases in deposit interest expenses and other expenses weighed on ordinary profit. The full-year forecast was revised upward because net interest income is expected to exceed the initial forecast, owing mainly to higher lending interest income.
How to read this page
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