Worth reading
55In focus
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
48
¥100 million (year-on-year increase in consolidated interim net income)Wording
Conditional
How definitive the wording is.Contents of this document
Earnings presentationInterim period 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¥45 100 million
Net income¥71 100 million
Full-year earnings forecast
Consolidated
Ordinary income
¥102 100 million
Net income for the current fiscal year
¥90 100 million
Non-consolidated
Core net business profit (excluding gains and losses on investment trust cancellations)
¥116 100 million
Core net business profit (excluding gains/losses on cancellation of investment trusts and business integration expenses)
¥157 100 million
Ordinary income
¥111 100 million
Net income for the current fiscal year
¥143 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Partial disclosure
Factors increasing core net business profit
- Increase in interest income on loans due to improved loan yields
- Increase in interest and dividend income on securities
- Steady performance in net fees and commissions
Factors increasing interim net income
- Gains on sales of shares and other securities
- Decrease in income taxes and other taxes
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
- Policy rateRising by 0.25 percentage points each fiscal year to 1.50% in the fiscal year ending March 2029
New initiatives
- Completion of the merger with 福邦銀行
- Establishment of a department to promote the use of DX and AI
- Establishment of the Business Transformation and DX Promotion Office
- Launch of a new consulting structure
- Loans to 2 local companies using security interests over enterprise value
- Investments by Startup Fund minori in 2 companies, including local companies
- Expansion of the shareholder benefit program from the end of March 2027
Key KPIsA metric the company considers important as a management benchmark.
- Outstanding loans¥25,891 100 millionYear on year against the same period last year+1,408.0%
- Deposits and other liabilities¥34,002 100 millionYear on year against the same period last year-8.0%
- Securities holdings¥8,683 100 millionYear on year against the same period last year-1,181.0%
- Financial product intermediary balance¥7,595 100 million
- Fuku App users36 10,000 people
- RORA0.8 %
Medium-term management plan targets
Target fiscal yearFiscal year ending March 2029
Target valueWell-being ratio of 70%, management diversity ratio of 40%, outstanding loans to small and medium-sized enterprises of ¥930 billion, cumulative DX-related investment of ¥3 billion, among other targets
Comparison with actual resultsActual results for the fiscal year ending September 2026 are also presented
Financial targets
RORA
Target0.6 %
Actual results0.8 %
Number of stores and locations
Number of Stores at Period-End64 Store
Number of employees
Change during the periodRedeployment of personnel to strategic areas: +60 people
Annual Dividend
Annual¥150 /share
Interim¥75 /share
Payout ratio
40 Approximately %
| Item | Details |
|---|---|
| Document type | Earnings presentation |
| Fiscal Period Covered | Interim period of the fiscal year ending March 2027 |
| Ordinary income | ¥45 100 million |
| Net income | ¥71 100 million |
| Full-year earnings forecast | Consolidated Ordinary income ¥102 100 million / Net income for the current fiscal year ¥90 100 million / Non-consolidated Core net business profit (excluding gains and losses on investment trust cancellations) ¥116 100 million / Core net business profit (excluding gains/losses on cancellation of investment trusts and business integration expenses) ¥157 100 million / Ordinary income ¥111 100 million / Net income for the current fiscal year ¥143 100 million |
| Breakdown of Factors Affecting the Change | Factors increasing core net business profit Increase in interest income on loans due to improved loan yields, Increase in interest and dividend income on securities, Steady performance in net fees and commissions / Factors increasing interim net income Gains on sales of shares and other securities, Decrease in income taxes and other taxes / Amount Partial disclosure |
| Key KPIs | Indicator name Outstanding loans / Value ¥25,891 100 million / Year on year against the same period last year ¥1,408 100 million, Indicator name Deposits and other liabilities / Value ¥34,002 100 million / Year on year against the same period last year ¥-8 100 million, Indicator name Securities holdings / Value ¥8,683 100 million / Year on year against the same period last year ¥-1,181 100 million, Indicator name Financial product intermediary balance / Value ¥7,595 100 million / Year on year against the same period last year Not disclosed, Indicator name Fuku App users / Value 36 10,000 people / Year on year against the same period last year Not disclosed, Indicator name RORA / Value 0.8 % / Year on year against the same period last year Not disclosed |
| Number of stores and locations | Number of Stores at Period-End 64 Store / Number of store openings and closures during the period Not disclosed |
| Number of employees | Number of Employees Not disclosed / Change during the period Redeployment of personnel to strategic areas: +60 people |
| Assumptions Underlying the Business Outlook | Item Policy rate / Value Rising by 0.25 percentage points each fiscal year to 1.50% in the fiscal year ending March 2029 |
| Medium-term management plan targets | Target fiscal year Fiscal year ending March 2029 / Target value Well-being ratio of 70%, management diversity ratio of 40%, outstanding loans to small and medium-sized enterprises of ¥930 billion, cumulative DX-related investment of ¥3 billion, among other targets / Comparison with actual results Actual results for the fiscal year ending September 2026 are also presented |
| Financial targets | RORA Target 0.6 % / Actual results 0.8 % |
| Annual Dividend | Annual ¥150 /share / Interim ¥75 /share / End of period Not disclosed |
| Payout ratio | Value 40 Approximately % |
| New initiatives | Completion of the merger with 福邦銀行, Establishment of a department to promote the use of DX and AI, Establishment of the Business Transformation and DX Promotion Office, Launch of a new consulting structure, Loans to 2 local companies using security interests over enterprise value, Investments by Startup Fund minori in 2 companies, including local companies, Expansion of the shareholder benefit program from the end of March 2027 |
Items this document does not state (16)
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 metricsRisk amount incorporated into the outlookAcquisition 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.Growth in earnings from core operations, including an increase in interest income on loans against a backdrop of higher market interest rates, gains on sales of shares and other securities, and a decrease in income taxes and other taxes contributed to the increase in interim net income. Integration costs of ¥3.9 billion and losses on bond sales resulting from the replacement of the securities portfolio were also recorded.
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