The North Pacific Bank raised its consolidated earnings forecast for the fiscal year ending March 2027 and increased its net income forecast to ¥33.9 billion. Net interest income is expected to increase due to higher average loan balances and policy rate hikes. The dividend forecast was also raised, with the per-share dividend revised to ¥9.50.
The North Pacific Bank raised its consolidated earnings forecast for the fiscal year ending March 2027, increasing its net income forecast by 32% year on year to ¥33.9 billion. This was raised from the previous forecast of ¥29.4 billion.
On a non-consolidated basis, the bank expects net interest income to increase due to higher average loan balances and policy rate hikes.
The dividend forecast was also raised. The per-share dividend for the end of the second quarter and the end of the third quarter, as well as the fiscal year-end, will be ¥9.50, with the annual dividend forecast at ¥36.50.