Mebuki Financial Group (7167) Q4 2026 earnings summary

Executive summary

• Consolidated net income reached ¥84.2bn, up 44.5% YoY, marking a record high for the group.

• Core net business income rose by ¥27.3bn YoY to ¥119.6bn, driven by higher loan-deposit interest margins and securities income.

• Ordinary income rose 23.0% YoY to ¥443.3bn, with ordinary profit up 39.6% to ¥115.7bn.

• Comprehensive income surged to ¥161.1bn from ¥9.6bn the previous year, reflecting strong market gains.

• Loans grew by ¥588.7bn (+4.5% YoY), with strong growth in both corporate and individual segments.

Financial highlights

• Net interest income increased by ¥32.0bn YoY, supported by a ¥36.5bn rise in interest on yen-denominated loans and a ¥20.9bn increase in securities income.

• Consolidated gross profit was ¥214.2bn, up from ¥206.1bn, with net interest income at ¥50.7bn.

• Credit related costs were ¥14.8bn, up YoY, mainly due to downgrades of major borrowers.

• OHR improved to 49.0% (down from 54.2%), reflecting top-line growth and cost control.

• Annual dividends per share increased to ¥28 (payout ratio 31.4%), with a forecast of ¥40 (39.5%) for FY2026.

Outlook and guidance

• FY2026 forecast: consolidated ordinary profit of ¥139.0bn (+¥23.3bn YoY) and net income of ¥95.0bn (+¥10.8bn YoY).

• Fiscal year 2027 forecasts ordinary profit of ¥139.0bn (+20.1% YoY) and net income attributable to owners of ¥95.0bn (+12.8% YoY).

• ROE expected to rise to approximately 9.0%.

• Medium-term plan targets ordinary profit of ¥130.0bn+ and net income of ¥90.0bn+ by FY2027.

• Basic earnings per share forecast for FY2027 is ¥101.21.