North Pacific Bank,Ltd. projected consolidated net income of ¥33.9 billion for the fiscal year ending March 2027, an expected 32% increase from the previous fiscal year. Ordinary income was raised to ¥252.9 billion, and the dividend was increased to ¥36.5 per share. Net interest income is expected to exceed projections against a backdrop of rising interest rates.
North Pacific Bank,Ltd. expects consolidated net income of ¥33.9 billion for the fiscal year ending March 2027, an expected 32% increase from the previous fiscal year. This is ¥4.5 billion above the previous forecast. Net interest income, including interest on loans, is expected to exceed projections.
Ordinary income is projected at ¥252.9 billion, up ¥27.7 billion from the previous forecast. The annual dividend forecast was accordingly increased to ¥36.5 per share (¥28 in the previous fiscal year).
The increase in the dividend forecast was attributed to the expected rise in net interest income following higher interest rates.
North Pacific Bank,Ltd. has released this outlook, and additional disclosures or revisions may be issued regarding future earnings trends.