The Gunma Bank (8334) Q3 2025 earnings summary

Executive summary

• 9M FY2025 profit attributable to owners was ¥31.9bn, up 29.4% YoY and reaching 79.6% of the ¥40.0bn annual forecast; earnings benefited from loan interest income and securities gains.

• Core net business profit excluding bond gains/losses and investment-trust cancellation gains/losses rose ¥5.4bn YoY to ¥39.0bn.

Financial highlights

• Ordinary income rose 6.6% YoY to ¥166.3bn; ordinary profit increased 32.9% to ¥45.1bn.

• Net interest income was ¥59.5bn, up ¥8.5bn YoY; interest on loans and discounts rose to ¥59.0bn from ¥50.8bn.

• Consolidated core net business profit was ¥32.6bn, up ¥6.8bn; excluding investment-trust cancellation losses, it was ¥35.3bn, up ¥5.3bn.

• Investment securities gains were ¥8.1bn; bond gains/losses were a loss of ¥11.1bn, versus a loss of ¥24.5bn a year earlier.

• Basic EPS was ¥82.40 versus ¥61.84; comprehensive income fell to ¥16.5bn from ¥37.3bn, reflecting negative securities valuation differences.

Outlook and guidance

• FY2025 forecasts remain unchanged: ordinary profit ¥57.5bn and profit attributable to owners ¥40.0bn.

• FY2025 targets include ¥51.0bn non-consolidated core net business profit and ¥27.0bn non-consolidated non-interest business profit.

• Fourth-quarter priorities include expanding non-interest business profits; fee revenue progress was 67.6% against the ¥27.0bn plan.

• FY2025 forecast basic EPS is ¥103.71; annual dividend forecast is unchanged at ¥40 per share.

• The next mid-term plan runs April 2025–March 2028, targeting a virtuous cycle between economic and social value and a stronger business foundation.