Oita Bank raised its consolidated earnings forecast for the fiscal year ending March 2027, forecasting net profit of ¥14 billion, up 32% from the previous forecast of ¥13 billion, which would set a new record.
Oita Bank raised its consolidated earnings forecast for the fiscal year ending March 2027 on 9 November. Net profit was raised from the previously announced ¥13 billion to a forecast ¥14 billion. The new forecast is reportedly linked to lower tax expenses and increases in funds investment income and gains on sales of shares.
Funds investment income and gains on sales of shares and other securities at the bank on a non-consolidated basis are expected to exceed the previous forecast, reducing the overall tax burden. These factors were cited as reasons for raising the forecast. The announcement was also reportedly affected by improved margins and cost-control benefits.
Interim net profit for the April–September 2026 period, announced the same day, rose 60% year on year to ¥7.092 billion. This put progress against the full-year forecast at 51%, prompting views that the annual forecast is increasingly achievable.