Worth reading
57In 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
14
¥100 million (year-on-year increase in consolidated net income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationFiscal year ending March 20267 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥134 100 million consolidated
Net income¥86 100 million consolidated net income
Full-year earnings forecast
Fiscal year ending March 2027
Consolidated ordinary income
¥102 million
Consolidated net income
¥90 million
福井銀行 standalone core business net profit (excluding gains and losses on cancellation of investment trusts)
¥116 million
福井銀行 standalone core business net profit (excluding gains and losses on cancellation of investment trusts and management integration expenses)
¥157 million
福井銀行 standalone ordinary profit
¥111 million
福井銀行 standalone net income
¥143 million
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 loans¥47 million
- Interest on deposits and other liabilities¥39 million
- Interest and dividends on securities (excluding gains and losses on cancellation of investment trusts)¥23 million
- Expenses24 Increase in hundred-million yen
- Credit-Related Expenses20 Increase in hundred-million yen
- Gains and losses on securities transactions, redemptions, etc. (including gains and losses on cancellation of investment trusts)57 Increase in hundred-million yen
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Policy rateBased on the assumption that the policy rate will rise by 0.25% each fiscal year, reaching 1.50% in the fiscal year ending March 2029
New initiatives
- Three growth strategies under Medium-Term Management Plan II
- Merger with 福邦銀行 in May 2026 and integration of systems, operations and channels
- Increase in the payout ratio
- Expansion of the shareholder benefits program
Key KPIsA metric the company considers important as a management benchmark.
- Loan balance¥21,666 millionYear on year against the same period last year+¥123.6 billion
- Deposits and other balances¥30,481 millionYear on year against the same period last year+¥45.0 billion
- Securities balance¥9,873 millionYear on year against the same period last year+¥38.2 billion
- Non-performing loan coverage ratio82.5 %
- Duration of yen-denominated bonds2.6 Year
Medium-term management plan targets
- TargetConsolidated net income of ¥10 billionTarget fiscal yearFiscal year ending March 2029
- TargetAchieve all target management indicators under Medium-Term Management Plan ITarget fiscal yearFiscal year ending March 2026
Annual Dividend
Fiscal year ending March 2026
Annual¥108 per share
Interim¥29 per share
End of period¥79 per share
Forecast for the fiscal year ending March 2027
Annual¥150 per share
Interim¥75 per share
Payout ratio
Raised from approximately 30% to approximately 40% from the fiscal year ending March 2027| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Ordinary income | ¥134 100 million (consolidated) |
| Net income | ¥86 100 million (consolidated net income) |
| Full-year earnings forecast | Fiscal year ending March 2027 Consolidated ordinary income ¥102 million / Consolidated net income ¥90 million / 福井銀行 standalone core business net profit (excluding gains and losses on cancellation of investment trusts) ¥116 million / 福井銀行 standalone core business net profit (excluding gains and losses on cancellation of investment trusts and management integration expenses) ¥157 million / 福井銀行 standalone ordinary profit ¥111 million / 福井銀行 standalone net income ¥143 million |
| Breakdown of Factors Affecting the Change | Factors Interest income on loans / Amount ¥47 million, Factors Interest on deposits and other liabilities / Amount ¥39 million, Factors Interest and dividends on securities (excluding gains and losses on cancellation of investment trusts) / Amount ¥23 million, Factors Expenses / Amount 24 Increase in hundred-million yen, Factors Credit-Related Expenses / Amount 20 Increase in hundred-million yen, Factors Gains and losses on securities transactions, redemptions, etc. (including gains and losses on cancellation of investment trusts) / Amount 57 Increase in hundred-million yen |
| Key KPIs | Indicator name Loan balance / Value ¥21,666 million / Year on year against the same period last year +¥123.6 billion, Indicator name Deposits and other balances / Value ¥30,481 million / Year on year against the same period last year +¥45.0 billion, Indicator name Securities balance / Value ¥9,873 million / Year on year against the same period last year +¥38.2 billion, Indicator name Non-performing loan coverage ratio / Value 82.5 % / Year on year against the same period last year Not disclosed, Indicator name Duration of yen-denominated bonds / Value 2.6 Year / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | Policy rate Based on the assumption that the policy rate will rise by 0.25% each fiscal year, reaching 1.50% in the fiscal year ending March 2029 |
| Medium-term management plan targets | Target Consolidated net income of ¥10 billion / Target fiscal year Fiscal year ending March 2029, Target Achieve all target management indicators under Medium-Term Management Plan I / Target fiscal year Fiscal year ending March 2026 |
| Annual Dividend | Fiscal year ending March 2026 Annual ¥108 per share / Interim ¥29 per share / End of period ¥79 per share / Forecast for the fiscal year ending March 2027 Annual ¥150 per share / Interim ¥75 per share / End of period Not disclosed |
| Payout ratio | Raised from approximately 30% to approximately 40% from the fiscal year ending March 2027 |
| New initiatives | Three growth strategies under Medium-Term Management Plan II, Merger with 福邦銀行 in May 2026 and integration of systems, operations and channels, Increase in the payout ratio, Expansion of the shareholder benefits program |
Items this document does not state (19)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookFinancial targetsAcquisition 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.Efforts undertaken across the Group as a whole, improved lending yields, increases in interest on loans and interest and dividends on securities, and gains on the sale of policy-held shares contributed to earnings. Although expenses related to the management integration and credit-related costs increased, gains on the sale of policy-held shares offset the management integration expenses.
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