Musashino Bank reports 21% profit jump in Q1

Musashino Bank reported a 21.1% increase in ordinary profit to 5.72bn yen for the first quarter ending June 30. Ordinary revenue rose 15.7% to 23.67bn yen, while net profit attributable to owners climbed 9.7% to 4.17bn yen.

The bank extended its executive stock compensation plan by three years to August 2028, contributing an additional 101m yen to acquire shares.