The Chiba Bank (8331) Q3 2025 earnings summary

Executive summary

• Net income and ordinary profit reached record highs for the nine months ended December 2024, with consolidated net income at ¥54.5B and ordinary profit at ¥79.7B, both up year-over-year.

• Ordinary income rose to ¥262.6B, up ¥30.8B year-over-year, driven by higher interest income.

• Total assets grew to ¥21,980.8B, with deposit and loan balances both increasing.

• The bank revised its year-end dividend forecast upward by ¥4.00 to ¥22.00 per share.

• Progress rates for key profit and expense items are above 74%, indicating strong performance against full-year plans.

Financial highlights

• Net interest income increased by ¥12.7B year-over-year to ¥117.2B, driven by higher loan balances and improved yields.

• Net fees and commissions hit a record high for 3Q at ¥22.6B, up ¥1.8B year-over-year, with corporate solutions revenue up ¥1.7B.

• General and administrative expenses rose to ¥71.8B, up ¥3.2B year-over-year.

• Credit-related expenses increased by ¥6.5B year-over-year to ¥6.6B, with a net credit cost ratio of 6bp.

• Non-performing loan ratio (consolidated) stood at 0.92%, stable from the previous year.

Outlook and guidance

• FY2024 earnings forecast unchanged: ordinary profit projected at ¥98.8B (up 9.4%), profit attributable to owners of parent at ¥70.0B (up 12.1%), and EPS at ¥98.20.

• Progress rates for net business income, core business income, and ordinary profit are all above 75% of full-year plans.

• Interest rate rise simulations suggest further profit and ROE improvement if BOJ policy rates increase.

• The impact of treasury share cancellation is reflected in the EPS forecast.

• Management notes that actual results may differ due to various factors and will announce revisions if necessary.