Seven Bank,Ltd. released its results for the first quarter of the fiscal year ending March 2027, reporting a substantial year-on-year increase in ordinary profit. It also revised its full-year earnings outlook upward.
Following the release on 7 August of results for the first quarter of the fiscal year ending March 2027 and revisions to its earnings forecasts, Seven Bank,Ltd.'s first-quarter ordinary profit rose 63.4% year on year to ¥10.8 billion. The company cited higher ATM acceptance fees and lower depreciation expenses resulting from a change in the useful lives of ATMs as the factors behind the increase.
The full-year outlook released at the same time as the results was revised upward, with the net profit forecast set at ¥20.0 billion. This represents an increase not only in the one-off earnings results but also in the underlying earnings assumptions for the current fiscal year.
The share price rose from ¥329.6 to ¥342.1 between early and mid-August before falling back to ¥331 on 19 August. Following the results, the initial reaction paused before the trading range widened, with the recent movement marked by a mix of upward moves and pullbacks.
Trading volume rose sharply on 10 and 14 August, increasing 81% and 62%, respectively, from the previous day. Trading continued to swell intermittently as the market took time to digest the developments following the results, rather than doing so in a single day.
As of 7 August, the annual dividend forecast for the fiscal year ending March 2027 remained unchanged at ¥11. Alongside the upward revision to the earnings outlook, shareholder returns were maintained.