Kyoto Financial Group (5844) Q1 2027 earnings summary

Executive summary

• Q1 FY2026 consolidated net income attributable to owners of the parent was ¥20.3bn, up ¥7.3bn YoY; the FY2026 forecast remains unchanged at ¥52.0bn.

• Ordinary profit rose ¥10.2bn YoY to ¥27.8bn, while ordinary income increased ¥12.1bn to ¥64.9bn, mainly on higher interest income from loans.

• Core banking profit reached ¥25.8bn, up ¥6.6bn YoY, supported by higher net interest and fee income.

Financial highlights

• Consolidated core gross banking profit was ¥43.9bn, up ¥7.8bn YoY; net interest income was ¥34.9bn and net fees and commissions were ¥7.0bn.

• Consolidated non-interest income rose to ¥26.68bn from ¥23.05bn, supported by corporate solutions, client assets, wills and inheritance businesses.

• Net income per share was ¥71.50 versus ¥45.12 YoY; comprehensive income reached ¥295.2bn, up 76.4%.

• Total assets were ¥11,816.7bn, down ¥8.9bn from fiscal year-end; net assets rose ¥247.1bn to ¥1,383.4bn and the equity-to-asset ratio improved to 11.7% from 9.6%.

• Kyoto Bank non-consolidated net income declined with lower subsidiary dividends, but increased ¥7.1bn excluding their effect.

Outlook and guidance

• FY2026 consolidated forecasts remain unchanged at ¥76.6bn ordinary profit and ¥52.0bn net income attributable to owners of the parent; full-year net income is forecast down 46.2% YoY.

• FY2026 non-consolidated bank net income forecast is ¥50.0bn, with Q1 progress of 40.2%; strategic equity holding gains and losses are planned at ¥20.0bn.

• FY2026 dividend forecast is ¥180 per share, including ¥50 at the second quarter and ¥55 at year-end.

• Q1 results were described as progressing smoothly against plan; first-quarter progress tends to be strong each year.