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Financial results presentation8421Shinkin Central BankOther

Overview of Financial Results for the First Quarter of the Fiscal Year Ending March 2027

Consolidated net income attributable to owners of the parent was ¥13.5 billion, up 25.8% year on year. The company stated that it strengthened its earnings base by investing in foreign-currency-denominated floating-rate bonds and other instruments in anticipation of higher interest rates, while also promoting lending.

Worth reading
49Recurring
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
25.8
Year-on-year change (%)
Wording
Conditional
How definitive the wording is.

Contents of this document

Financial results presentationFirst quarter of the fiscal year ending March 20277 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Ordinary income¥585 100 million+27.4%
Net income¥135 100 million+25.8%
Results for the three months of the current quarter
Consolidated
Ordinary income
¥585 100 million+27.4%
Profit attributable to owners of parent for the quarter
¥135 100 million+25.8%
Standalone
Ordinary revenue
¥1,833 100 million
Ordinary income
¥174 100 million-18.1%
Quarterly net income
¥130 100 million-27.2%
Full-year earnings forecast
Consolidated
Ordinary income
¥610 100 million
Profit attributable to owners of the parent
¥440 100 million
Equity ratio
20% range
Standalone
Ordinary income
¥580 100 million
Net income for the current fiscal year
¥420 100 million
Equity ratio
20% range
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。
Consolidated quarterly net income attributable to owners of the parent30.7％
Non-consolidated ordinary income30% range
Standalone quarterly net income30% range
What the company explained in this material
Self-assessment against the planThe company's self-assessment against its own plan.
Progressing steadily
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Increase in standalone ordinary revenue¥343 100 million
  • Increase in standalone ordinary expenses¥381 100 million
  • Increase in investment income¥326 100 million
  • Of which, increase in interest on loans¥178 100 million
  • Of which, increase in interest and dividends on securities¥141 100 million
  • Increase in funding expenses¥304 100 million
  • Of which, increase in interest on deposits¥191 100 million
  • Standalone ordinary income excluding the impact of dividends from consolidated subsidiaries recognized in the previous fiscal year¥33 100 million increase in profit
New initiatives
  • Continued investment in foreign-currency-denominated floating-rate bonds and other instruments
  • Promotion of lending to business corporations
  • Maintenance of underperforming bonds and portfolio review
Key KPIsA metric the company considers important as a management benchmark.
  • Consolidated capital adequacy ratio (domestic standards)21.37 ％
  • Standalone capital adequacy ratio (domestic standard)21.84 ％
  • Loan balance¥130,508 100 million
  • Non-performing loan ratio0.15 ％
  • Unrealized gains (losses) on other securities after considering hedges¥-687 100 million
  • Maximum ΔEVE / capital21.03 ％
  • Maximum ΔNII¥226 100 million
Medium-term management plan targets
Medium-term target earnings level
Profit attributable to owners of parent for the quarterApproximately ¥45.0 billion
Consolidated capital adequacy ratio15% or higher
Distributable amount¥200 billion or more
Target fiscal yearFiscal year ending March 2028 (plan period: 1 April 2025 to 31 March 2028)
Comparison with actual results
Profit attributable to owners of parent for the quarter¥135 100 million
Achievement rate against earnings forecast30.7％
Financial targets
Consolidated capital adequacy ratio
Target15% or higher
Actual results21.37 ％
Annual Dividend
General ordinary investment dividend
¥3,000 per unit
Specified ordinary investment dividend
¥1,500 per unit
Preferred investment dividend
¥6,500 per unit
Contents of this document
ItemDetails
Document typeFinancial results presentation
Fiscal Period CoveredFirst quarter of the fiscal year ending March 2027
Ordinary income¥585 100 million (YoY +27.4%)
Net income¥135 100 million (YoY +25.8%)
Results for the three months of the current quarterConsolidated Ordinary income ¥585 100 million (YoY +27.4%) / Profit attributable to owners of parent for the quarter ¥135 100 million (YoY +25.8%) / Standalone Ordinary revenue ¥1,833 100 million / Ordinary income ¥174 100 million (YoY -18.1%) / Quarterly net income ¥130 100 million (YoY -27.2%)
Full-year earnings forecastConsolidated Ordinary income ¥610 100 million / Profit attributable to owners of the parent ¥440 100 million / Equity ratio 20% range / Standalone Ordinary income ¥580 100 million / Net income for the current fiscal year ¥420 100 million / Equity ratio 20% range
Progress against full-year forecastConsolidated quarterly net income attributable to owners of the parent 30.7％ / Non-consolidated ordinary income 30% range / Standalone quarterly net income 30% range
Self-assessment against the planProgressing steadily
Breakdown of Factors Affecting the ChangeFactors Increase in standalone ordinary revenue / Amount ¥343 100 million, Factors Increase in standalone ordinary expenses / Amount ¥381 100 million, Factors Increase in investment income / Amount ¥326 100 million, Factors Of which, increase in interest on loans / Amount ¥178 100 million, Factors Of which, increase in interest and dividends on securities / Amount ¥141 100 million, Factors Increase in funding expenses / Amount ¥304 100 million, Factors Of which, increase in interest on deposits / Amount ¥191 100 million, Factors Standalone ordinary income excluding the impact of dividends from consolidated subsidiaries recognized in the previous fiscal year / Amount ¥33 100 million (increase in profit)
Key KPIsIndicator name Consolidated capital adequacy ratio (domestic standards) / Value 21.37 ％ / Year on year against the same period last year Not disclosed, Indicator name Standalone capital adequacy ratio (domestic standard) / Value 21.84 ％ / Year on year against the same period last year Not disclosed, Indicator name Loan balance / Value ¥130,508 100 million / Year on year against the same period last year Not disclosed, Indicator name Non-performing loan ratio / Value 0.15 ％ / Year on year against the same period last year Not disclosed, Indicator name Unrealized gains (losses) on other securities after considering hedges / Value ¥-687 100 million / Year on year against the same period last year Not disclosed, Indicator name Maximum ΔEVE / capital / Value 21.03 ％ / Year on year against the same period last year Not disclosed, Indicator name Maximum ΔNII / Value ¥226 100 million / Year on year against the same period last year Not disclosed
Medium-term management plan targetsMedium-term target earnings level Profit attributable to owners of parent for the quarter Approximately ¥45.0 billion / Consolidated capital adequacy ratio 15% or higher / Distributable amount ¥200 billion or more / Target fiscal year Fiscal year ending March 2028 (plan period: 1 April 2025 to 31 March 2028) / Comparison with actual results Profit attributable to owners of parent for the quarter ¥135 100 million / Achievement rate against earnings forecast 30.7％
Financial targetsConsolidated capital adequacy ratio Target 15% or higher / Actual results 21.37 ％
Annual DividendGeneral ordinary investment dividend ¥3,000 per unit / Specified ordinary investment dividend ¥1,500 per unit / Preferred investment dividend ¥6,500 per unit / Interim and Year-End Breakdown Not disclosed
New initiativesContinued investment in foreign-currency-denominated floating-rate bonds and other instruments, Promotion of lending to business corporations, Maintenance of underperforming bonds and portfolio review
Items this document does not state (17)
Net SalesOperating profitGross Profit MarginOperating profit marginSelling, general and administrative expensesSegment resultsUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookPayout 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.

Earnings benefited from the continued investment in foreign-currency-denominated floating-rate bonds and other instruments in anticipation of higher interest rates, as well as the promotion of lending.

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Overview of Financial Results for the First Quarter of the Fiscal Year Ending March 2027 | Shinkin Central Bank (8421) timely disclosure | Komori