JAPAN POST BANK (7182) Q1 2027 earnings summary

Executive summary

• Net income attributable to owners of parent rose 69.3% year-over-year to ¥177.5 bn, driven by higher net interest income and robust operating profit.

• Ordinary income rose to ¥2,852,206 million for FY2026, up from ¥2,522,052 million year-over-year, driven by higher interest and fee income.

• Net income attributable to owners increased to ¥525,583 million from ¥414,324 million year-over-year.

• Net interest income surged by ¥178.3 bn to ¥407.1 bn, reflecting increased income from foreign bonds and Japanese government bonds.

• The audit opinion was unqualified, with key audit matters focused on the valuation of illiquid bonds.

Financial highlights

• Consolidated gross operating profit grew by ¥170.4 bn to ¥433.4 bn year-over-year.

• Interest income grew to ¥2,270,832 million from ¥1,750,168 million year-over-year.

• Net income per share increased to ¥147.10 from ¥114.60 year-over-year.

• Net assets per share rose to ¥2,586.63 from ¥2,511.18 year-over-year.

• Dividends per share increased to ¥74.00 (effective after year-end) from ¥58.00.

Outlook and guidance

• Net income for the quarter represents 26.9% of the full-year forecast of ¥660.0 bn.

• Net ordinary income progress rate is 26.5% of the full-year forecast of ¥955.0 bn.

• Medium-term management plan targets ROE of approx. 10% and net income over ¥1,000.0 bn by FY2029/3.

• The company is evaluating the impact of new lease accounting standards to be implemented by FY2028.

• No significant subsequent events were reported.