Hachijuni Bank revises full-year financial forecasts upward

Hachijuni Bank announced an upward revision to its full-year consolidated and non-consolidated financial results forecast for the fiscal year ending March 31, 2026. This revision is attributed to non-consolidated net interest income and gains (losses) on stocks and other securities expected to surpass initial estimates. Consolidated ordinary profit is now projected at 76,000 million yen, up from 75,000 million yen, while profit attributable to owners of parent is expected to reach 55,000 million yen, an increase from 50,000 million yen. Non-consolidated net income is revised to 60,000 million yen, up from 49,000 million yen, with ordinary profit remaining at 72,500 million yen.

The bank's interim consolidated operating results for the six months ended September 30, 2025, showed a 15,230 million yen increase in ordinary profit year-on-year, reaching 41,946 million yen. Net income for the interim period also rose by 10,864 million yen year-on-year to 27,866 million yen for non-consolidated results. This improved performance reflects increased interest income from loans and the Bank of Japan, as well as higher gains from the sale of equity securities.

Additionally, Hachijuni Bank announced changes to its directors and executive officers following the planned merger with Nagano Bank, effective January 1, 2026. Hitoshi Nishizawa, currently president of Nagano Bank, will assume the role of executive vice president at the merged entity. The financial forecasts incorporate the anticipated impact of this merger.