Shizuoka Financial Group (5831) Q1 2027 earnings summary

Executive summary

• Net income for FY2026 1Q rose JPY 10.2 bn YoY to JPY 32.7 bn, marking the seventh consecutive period of increase.

• Ordinary income rose 49.0% YoY to ¥136,802 million, driven by higher interest income and gains on securities sales.

• Ordinary profit increased 51.0% YoY to ¥46,968 million, with profit attributable to owners of parent up 45.0% to ¥32,740 million.

• Upward revision of full-year consolidated net income forecast to JPY 115.0 bn, with ROE projected at 9.1%.

• Planned dividend per share raised to JPY 108, and treasury stock repurchase of up to JPY 30.0 bn announced.

Financial highlights

• Consolidated core gross operating profit reached JPY 64.5 bn, up 18.2% YoY.

• Net interest income increased by JPY 12.5 bn YoY, mainly from higher JPY loan profits.

• Net gains on equity securities reached ¥32,930 million, up ¥28,556 million YoY.

• Total assets as of June 30, 2026, were ¥15,922.9 billion, down ¥93.0 billion from March 31, 2026.

• Equity-to-asset ratio improved to 8.0% from 7.7% at the previous fiscal year-end.

Outlook and guidance

• FY2026 consolidated net income forecast revised upward by JPY 10.0 bn to JPY 115.0 bn.

• Ordinary profit forecast raised to JPY 167.0 bn, up JPY 15.0 bn from initial plans.

• Full-year dividend forecast increased to JPY 108.00 per share.

• ROE expected to improve to 9.1%, up 0.7pt from initial forecast.

• Profit attributable to owners of parent forecast raised by ¥10.0 billion to ¥115.0 billion.