Yamagata Bank revised upward its forecast for consolidated ordinary profit for the six months ended the second quarter and also raised its full-year forecast. It also revised upward its dividend plan for the current fiscal year.
After the market close on 29 October, Yamagata Bank raised its forecast for consolidated ordinary profit for the six months ended the second quarter of the fiscal year ending March 2027 (April–September) from ¥5.6 billion to ¥6.6 billion. Consolidated ordinary profit was ¥3.84 billion in the same period of the previous year. The earnings growth rate after the upward revision is expected to increase substantially.
Following the strong first-half performance, the bank also raised its full-year consolidated ordinary profit forecast from ¥12.1 billion to ¥13 billion, compared with ¥9.04 billion in the previous fiscal year. The earnings growth rate is expected to improve from 33.8% to 43.7%, with record-high profit forecast.
For dividends, the bank raised its first-half dividend for the current fiscal year from the previous plan of ¥49 to ¥56 and revised its second-half dividend upward from the previous plan of ¥49 to ¥56. The annual dividend will be ¥112.