Awa Bank profits fall despite revenue rise, upgrades outlook

Awa Bank's first-quarter ordinary revenues increased 10.5% to 21,849 million yen, but ordinary profit declined 10.9% to 5,317 million yen and profit attributable to owners fell 11.6% to 3,777 million yen.

Despite the profit decline, the bank revised its full-year forecast upward, projecting ordinary profit of 20,100 million yen and profit attributable to owners of 14,000 million yen.