Bank of Iwate boosts dividends, shifts to progressive payout policy

The Bank of Iwate announced a change in its dividend policy, introducing progressive dividends and raising the dividend payout ratio target to 40% or higher, up from the previous target of 30% with a stable dividend of 70 yen. This change is effective for the fiscal year ending March 31, 2026.

As a direct result of this policy shift, the interim dividend for the period ended September 30, 2025, has been increased to 96.00 yen per share, up 28.50 yen from the previous forecast of 67.50 yen. Concurrently, the year-end dividend forecast for the fiscal year ending March 31, 2026, has also been revised upward by 28.50 yen to 96.00 yen per share. The total annual dividend forecast for FY2026 is now 192.00 yen per share.

The bank's consolidated financial results for the six months ended September 30, 2025, show ordinary income of 31,984m yen, a 34.7% increase year-on-year, and profit attributable to owners of parent of 4,358m yen, a 39.5% increase. The equity-to-asset ratio as of September 30, 2025, was 5.0%.