Yamagata Bank raises H1 forecasts on stronger income, reduced expenses

Yamagata Bank announced revisions to its consolidated and non-consolidated financial forecasts for the fiscal year ending March 31, 2026. For the six months ending September 30, 2025, consolidated ordinary income is now projected at JPY 30,150m, up from JPY 26,300m, while profit attributable to owners of parent is revised to JPY 2,700m from JPY 2,500m. This upward adjustment is primarily attributed to higher-than-expected funding interest income and reduced credit-related expenses and general administrative costs on a non-consolidated basis.

For the full fiscal year ending March 31, 2026, the bank revised its consolidated ordinary income forecast upwards to JPY 57,100m from JPY 52,600m. However, consolidated ordinary profit and profit attributable to owners of parent remain unchanged at JPY 7,700m and JPY 5,000m, respectively. This decision reflects the anticipated reshuffling of its securities portfolio, which is expected to result in losses from bond sales, offsetting some of the positive gains.

The bank's non-consolidated ordinary income for the six months ending September 30, 2025, is now projected at JPY 26,300m, with ordinary profit at JPY 3,900m and profit at JPY 2,900m. For the full year, non-consolidated ordinary income is revised to JPY 49,600m, while ordinary profit and profit remain at JPY 6,800m and JPY 4,600m, respectively.