Towa Bank announced on 4 November that it had upwardly revised its consolidated earnings forecast for April-September 2026 and expected interim net profit of ¥3.7 billion. The increase from the previous forecast was driven by higher-than-expected gains on the sale of idle assets and a reduction in the corporate tax burden through tax-effect accounting.
Towa Bank announced an upward revision to its consolidated earnings forecast for April-September 2026, forecasting interim net profit of ¥3.7 billion. The forecast was significantly increased from the previously announced ¥2.5 billion, improving the outlook for results in the current fiscal year.
The main reasons for the upward revision were expected gains on the sale of idle assets exceeding the initial forecast and corporate taxes and other taxes coming in below expectations through tax-effect accounting. These factors are expected to boost interim profit.
The full-year earnings forecast for the fiscal year ending March 2027 was left unchanged because the outlook for financial and economic conditions remains uncertain.