Miyazaki Bank raises dividend forecast as performance improves

Miyazaki Bank has revised its dividend forecast for the fiscal year ending March 31, 2026, increasing both interim and year-end dividends by 32.5 yen per share. The new forecast projects an annual dividend of 180 yen per share, a 65 yen increase from the previously announced 115 yen per share. This decision reflects an anticipated improvement in the bank's performance, with a goal of achieving a total shareholder return ratio of 30% or more through proactive dividends and flexible share buybacks.

The upward revision follows robust growth, as detailed in the bank’s second-quarter consolidated financial results for the same fiscal year. Ordinary profit is projected to reach 18,200 million yen for the full fiscal year, a 30.4% increase, with profit attributable to owners of parent expected to be 12,400 million yen, a 26.7% increase. These figures represent an upward adjustment from earlier forecasts of 15,200 million yen and 10,400 million yen, respectively.

The bank's interim consolidated financial results show ordinary income of 42,222 million yen, an increase of 10.8% year-on-year, and ordinary profit of 9,651 million yen, up 35.3%. Profit attributable to owners of parent for the six months ended September 30, 2025, rose to 6,771 million yen, a 39.4% increase. The bank's total assets as of September 30, 2025, stood at 4,079,253 million yen, with net assets at 206,764 million yen.