Shikoku Bank revises forecasts upward on extraordinary gain from acquisition

Shikoku Bank announced an upward revision to its financial results forecasts for the fiscal year ending March 31, 2026, following the recognition of an extraordinary gain from negative goodwill. This revision stems from the bank's decision to make The Shigin Leasing Company Limited, previously an equity-method affiliate, a wholly-owned subsidiary, with an effective date scheduled for November 4, 2025.

As a result of this acquisition, the bank expects to recognize approximately JPY8.4 bn as an extraordinary gain, primarily from negative goodwill. This provisional calculation has led to a significant increase in the consolidated forecasts.

The revised forecasts project profit attributable to owners of parent to rise from JPY7.1 bn to JPY15.5 bn, an increase of 118.3%. Consequently, earnings per share are now expected to be JPY371.36, up from the previously announced JPY170.10. Ordinary profit remains unchanged at JPY11.4 bn. The bank notes that this upward revision is due to the temporary factor of the acquisition.