Miyazaki Bank announced its interim results, with ordinary revenue and ordinary profit both reaching record highs. Net profit also set a new record high, and the full-year net profit forecast was raised to ¥16.5 billion.
Miyazaki Bank’s ordinary revenue for the current fiscal year’s interim period was ¥51.736 billion, up 32% year on year, while ordinary profit was ¥11.244 billion, up 21.5%. Both were record highs for an interim period, marking the third consecutive period of revenue and profit growth.
At the time of announcing its results, the company cited an increase in interest income from loans as one factor that boosted earnings. As a result, both ordinary revenue and ordinary profit for the interim period reached new record highs, and the standalone bank maintained strong performance.
Net profit was also a record ¥8 billion. In response, Miyazaki Bank revised its full-year earnings forecast for the current fiscal year, raising net profit to ¥16.5 billion from ¥14 billion.