Worth reading
56In 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
95
¥100 million (year-on-year increase in ordinary income)Wording
Definitive
How definitive the wording is.Contents of this document
Financial results presentationFiscal year ending March 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥545 100 million +21.0%ordinary income
Ordinary income¥100 100 million
Net income¥82 100 million net income attributable to owners of the parent
Full-year earnings forecast
Ordinary revenue
¥505 100 million
Ordinary income
¥91 100 million
Profit attributable to owners of the parent
¥78 100 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 revenue108.0％
Ordinary income110.1％
Profit attributable to owners of the parent106.3％
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¥71 100 million
- Interest on deposits with banks¥17 100 million
- Interest and dividend income on securities¥3 100 million
- Interest expenses on deposits¥-44 100 million
- Interest paid on interest-rate swaps and other items¥-9 100 million
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Assumes a gradual rise in domestic interest rates. Numerical assumptions: Not disclosedNew initiatives
- Business succession and M&A support framework using Tochigi no Musubime and other initiatives
- Expansion of business-matching services, including recruitment services and employee benefits consulting
- Partnership with the provider of the Hagukumi corporate pension plan
- Initiatives under the corporate hometown tax donation program
- New construction and relocation of the Sengendai Branch
- Opening of Ichigo Branch, an Internet-only branch
- Construction of a new head office to obtain ZEB Ready certification
Key KPIsA metric the company considers important as a management benchmark.
- Deposits¥31,753 100 millionYear on year against the same period last yearUp 1.7% year on year
- Loan balance¥24,578 100 millionYear on year against the same period last yearUp 12.0% year on year
- Securities balance¥4,232 100 millionYear on year against the same period last yearUp 12.4% year on year
- Assets under custody¥4,861 100 millionYear on year against the same period last yearUp 8.7% year on year
- NISA accounts40,530 EngagementsYear on year against the same period last yearUp 4.2% year on year
- Non-performing loan ratio2.04 ％Year on year against the same period last yearDown 0.08 percentage points
- Consolidated capital adequacy ratio9.91 ％Year on year against the same period last yearDown 0.19 percentage points
- Consolidated ROE5.26 ％Year on year against the same period last yearUp 20.06 percentage points
- Core net business profit (excluding gains and losses on investment trust cancellations)¥97 100 millionYear on year against the same period last yearUp 14.7% year on year
Medium-term management plan targets
Targeting a payout ratio of approximately 40% during the period of the 12th Medium-Term Management Plan (April 2026 to March 2030)Annual Dividend
¥26 per share
Interim¥12.00
End of period¥14.00
Payout ratio
33.0% for the fiscal year ending March 2026 and 35.0% projected for the fiscal year ending March 2027. Through the fiscal year ending March 2026, the company will use a total payout ratio of 30% to 35% as a guideline, and from the fiscal year ending March 2027, it will target a payout ratio of approximately 40%.Acquisition of treasury shares
The company plans to conduct share buybacks flexibly, taking into account its capital position and market conditions. The buyback limit, number of shares and period are Not disclosed| Item | Details |
|---|---|
| Document type | Financial results presentation |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Net Sales | ¥545 100 million (ordinary income) (YoY +21.0%) |
| Ordinary income | ¥100 100 million |
| Net income | ¥82 100 million (net income attributable to owners of the parent) |
| Full-year earnings forecast | Ordinary revenue ¥505 100 million / Ordinary income ¥91 100 million / Profit attributable to owners of the parent ¥78 100 million |
| Progress against full-year forecast | Ordinary revenue 108.0％ / Ordinary income 110.1％ / Profit attributable to owners of the parent 106.3％ |
| Breakdown of Factors Affecting the Change | Factors Interest income on loans / Amount ¥71 100 million, Factors Interest on deposits with banks / Amount ¥17 100 million, Factors Interest and dividend income on securities / Amount ¥3 100 million, Factors Interest expenses on deposits / Amount ¥-44 100 million, Factors Interest paid on interest-rate swaps and other items / Amount ¥-9 100 million |
| Key KPIs | Indicator name Deposits / Value ¥31,753 100 million / Year on year against the same period last year Up 1.7% year on year, Indicator name Loan balance / Value ¥24,578 100 million / Year on year against the same period last year Up 12.0% year on year, Indicator name Securities balance / Value ¥4,232 100 million / Year on year against the same period last year Up 12.4% year on year, Indicator name Assets under custody / Value ¥4,861 100 million / Year on year against the same period last year Up 8.7% year on year, Indicator name NISA accounts / Value 40,530 Engagements / Year on year against the same period last year Up 4.2% year on year, Indicator name Non-performing loan ratio / Value 2.04 ％ / Year on year against the same period last year Down 0.08 percentage points, Indicator name Consolidated capital adequacy ratio / Value 9.91 ％ / Year on year against the same period last year Down 0.19 percentage points, Indicator name Consolidated ROE / Value 5.26 ％ / Year on year against the same period last year Up 20.06 percentage points, Indicator name Core net business profit (excluding gains and losses on investment trust cancellations) / Value ¥97 100 million / Year on year against the same period last year Up 14.7% year on year |
| Assumptions Underlying the Business Outlook | Assumes a gradual rise in domestic interest rates. Numerical assumptions: Not disclosed |
| Medium-term management plan targets | Targeting a payout ratio of approximately 40% during the period of the 12th Medium-Term Management Plan (April 2026 to March 2030) |
| Annual Dividend | ¥26 per share |
| Payout ratio | 33.0% for the fiscal year ending March 2026 and 35.0% projected for the fiscal year ending March 2027. Through the fiscal year ending March 2026, the company will use a total payout ratio of 30% to 35% as a guideline, and from the fiscal year ending March 2027, it will target a payout ratio of approximately 40%. |
| Acquisition of treasury shares | The company plans to conduct share buybacks flexibly, taking into account its capital position and market conditions. The buyback limit, number of shares and period are Not disclosed |
| New initiatives | Business succession and M&A support framework using Tochigi no Musubime and other initiatives, Expansion of business-matching services, including recruitment services and employee benefits consulting, Partnership with the provider of the Hagukumi corporate pension plan, Initiatives under the corporate hometown tax donation program, New construction and relocation of the Sengendai Branch, Opening of Ichigo Branch, an Internet-only branch, Construction of a new head office to obtain ZEB Ready certification |
Items this document does not state (16)
Operating 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 employeesRisk amount incorporated into the outlookFinancial targetsCapital 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.The main factors were increases in interest and other income from funds investment, including interest on loans, interest and dividends on securities, and interest on deposits, as well as an increase in net fees and commissions, including solution fees, together with a decrease in losses on the sale of securities. Meanwhile, interest and other expenses on funds procurement, including interest on deposits, operating expenses and credit costs increased.
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