Hirogin Holdings, the regional bank holding company based in Hiroshima, posted a record high net profit for an interim period and revised its full-year earnings forecast upward to ¥56.5 billion.
Hirogin Holdings announced its interim results for the current fiscal year, reporting net profit of ¥28.862 billion, a record high for an interim period. Net profit was up 41.6% year on year.
The company consequently revised its full-year net profit forecast upward from ¥51.0 billion to ¥56.5 billion. Against a backdrop of an economic recovery, the recovery in export-related businesses and an increase in personal consumption were cited as factors driving profit growth. President Yuji Hiroe (廣江 裕治) said that another rate hike is expected within the fiscal year and that the company anticipates higher profits in the second half, led by banking operations.