The Gunma Bank (8334) Q1 2026 earnings summary

Executive summary

• Profit attributable to owners of parent was ¥14.060bn, up 26.0% YoY; Q1 progress was 28.6% of the ¥49.0bn FY2025 plan.

• Higher loan balances and yields supported core earnings growth and a strong start to the fiscal year.

Financial highlights

• Ordinary income was ¥66.968bn, up 18.1% YoY; ordinary profit was ¥20.010bn, up 24.8%.

• Consolidated core business gross profit was ¥32.7bn, up ¥7.0bn; core business net profit was ¥18.0bn, up ¥6.1bn. Core net business profit excluding bond and investment-trust cancellation gains/losses was ¥16.2bn, up ¥2.7bn.

• Consolidated net interest income was ¥25.8bn, up ¥6.7bn; excluding investment-trust cancellation gains, it was ¥24.0bn, up ¥3.3bn.

• Consolidated non-interest business profit was ¥6.9bn, up ¥0.2bn; expenses were ¥14.7bn, up ¥0.8bn.

• Assets were ¥10,625.6bn, deposits ¥8,579.0bn, loans ¥6,761.1bn and securities ¥1,983.7bn at June 30, 2025.

Outlook and guidance

• FY2025 forecasts remain unchanged: ordinary profit ¥70.0bn and profit attributable to owners of parent ¥49.0bn; forecast EPS is ¥128.62.

• Six-month forecasts to September 30, 2025 are ordinary profit ¥34.5bn and profit attributable to owners of parent ¥23.5bn; Q1 net profit achieved 59.8% of the six-month forecast.

• Non-interest business revenue is expected to build in Q2 and beyond, with stronger revenue typically in Q2 and Q4.