The Shimane Bank, Ltd. announced a revision to its full-year earnings forecast for the fiscal year ending March 2027 and a plan to record a loss on the sale of securities. It also indicated a policy of reviewing the KGI in its medium-term management plan and reducing executive compensation.
The Shimane Bank, Ltd. announced that it would revise its full-year earnings forecast for the fiscal year ending March 2027. In connection with this, it indicated a policy of recording a loss on the sale of securities it holds. Although the published materials do not provide specific figures, the recognition of the loss is expected to lower the earnings level.
At the same time, the bank disclosed that it would review the KGI in its medium-term management plan. The review of the plan is expected to be carried out in conjunction with the change in the earnings outlook, but the published materials do not currently state any specific new indicators or target figures.
The bank also indicated a policy of reducing executive compensation. It said that the scope of the reduction and the timing of its implementation would be explained in future disclosures.
The announcement was made through Nikkei Company Information DIGITAL, and further information is awaited.