Shikoku Bank revises forecast upward on extraordinary gain

Shikoku Bank expects to recognize an extraordinary gain from negative goodwill totaling approximately JPY8.4 billion for the fiscal year ending March 31, 2026. This gain stems from the planned acquisition of additional shares in Shigin Leasing Company Limited, which will become a wholly-owned subsidiary.

Consequently, the bank has revised its consolidated financial results forecast for the fiscal year ending March 31, 2026. The forecast for profit attributable to owners of parent has been increased from JPY7.1 billion to JPY15.5 billion, and earnings per share from JPY170.10 to JPY371.36. Ordinary profit remains unchanged at JPY11.4 billion.

The acquisition of Shigin Leasing Company Limited as a wholly-owned subsidiary is scheduled for November 4, 2025. This move aims to strengthen the group's financial foundation and governance, enhancing corporate value through integrated group management. The bank clarified that this upward revision is due to this one-time factor and does not affect the dividend forecast.