Awa Bank upgrades half-year profit forecast on strong performance

Awa Bank announced revisions to its financial results forecasts for the first half of the fiscal year ending March 31, 2026. For the consolidated forecast, ordinary revenues are now projected at JPY 47,000m, up from JPY 42,600m, while ordinary profit is expected to reach JPY 11,500m, an increase from JPY 10,700m. Profit attributable to owners of parent is forecast at JPY 7,900m, a rise from JPY 7,300m.

Non-consolidated forecasts also show significant improvements, with ordinary revenues revised to JPY 37,300m from JPY 33,500m. Ordinary profit is now projected at JPY 10,800m, up from JPY 10,000m, and net income at JPY 7,500m, an increase from JPY 6,900m. These revisions are primarily attributed to gains from sales of strategically held shares, including policy-held stocks, and a healthy rebalancing of the yen-denominated bond portfolio.

Despite these positive adjustments for the first half, Awa Bank has maintained its full-year earnings forecast for the fiscal year ending March 31, 2026, citing ongoing economic and financial uncertainties. The bank emphasized that these forecasts are based on currently available information, and actual results may vary due to future events.