HACHIJUNI NAGANO BANK (8359) Q1 2025 earnings summary

Executive summary

• Consolidated gross business profit rose to ¥34,978 million for the three months ended June 30, 2024, up ¥5,244 million year-over-year, reflecting the consolidation of The Nagano Bank.

• Net profit attributable to owners of the parent increased by ¥12,048 million to ¥26,050 million year-over-year.

• The merger with The Nagano Bank was completed on June 1, 2023, impacting consolidated results.

Financial highlights

• Consolidated profit on interest increased to ¥28,344 million, up ¥5,181 million year-over-year.

• General & administrative expenses rose to ¥17,641 million, up ¥2,688 million year-over-year.

• Ordinary profit reached ¥16,889 million, up ¥4,975 million year-over-year.

• Profit before income taxes was ¥29,387 million, up ¥12,566 million year-over-year.

• Non-consolidated net business profit for Hachijuni Bank increased by ¥2,846 million to ¥15,662 million year-over-year.

Segment performance

• Hachijuni Bank (non-consolidated) saw gross business profit rise to ¥29,626 million, up ¥2,971 million year-over-year.

• The Nagano Bank (non-consolidated) reported a gross business profit of ¥1,796 million, down ¥391 million year-over-year.

• The Nagano Bank posted a net loss of ¥8,325 million, a significant decline from the previous year.