Awa Bank, based in Tokushima Prefecture, announced that it had raised its consolidated earnings forecast for the fiscal year ending March 2027 and its year-end dividend forecast. The stock surged in response, recording a substantial intraday gain from the previous day.
Awa Bank, based in Tokushima Prefecture, announced that it had raised its consolidated earnings forecast for the fiscal year ending March 2027. Taking the market environment into account, the bank also incorporated gains on stock sales and raised its outlook for ordinary income.
Under the new earnings forecast, ordinary income is expected to rise from ¥117.6 billion to ¥134.8 billion, up 41.4% from the previous fiscal year, while ordinary profit is expected to increase from ¥26.0 billion to ¥29.6 billion, up 35.6%.
The dividend forecast was also revised, with the year-end dividend expected to increase to approximately ¥21?22. The revised amount assumes that the 1 October stock split will be implemented and that the post-split dividend will be increased accordingly.
Following the announcement, Awa Bank's stock surged during trading on the 25th, rising to around ¥11,040.
The dividend forecast on a pre-split basis is approximately ¥110, and the timing of the stock split is expected to affect the share price.