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TYO:5831

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Asia

Shizuoka Financial's Fiscal Q1 Attributable Profit Climbs 45%

Shizuoka Financial (TYO:5831) recorded a 45% rise in attributable profit in the first fiscal quarter to 32.7 billion yen from 22.6 billion yen a year prior.Earnings per share were 61.69 yen, up from 41.65 yen in the year-ago period, according to a Thursday Tokyo bourse filing.The financial services company's ordinary income increased 49% to 136.8 billion yen from 91.8 billion yen previously.The company forecasts an attributable profit of 115 billion yen, basic EPS of 217.91 yen, and a total dividend of 108 yen per share for the fiscal year ending March 31, 2027.The company revised the profit and dividend forecast upward amid growth in net interest income, according to a separate filing.

TYO:5831
Asia

Shizuoka Financial Targets 170 Billion Yen Profit in New Plan

Shizuoka Financial (TYO:5831) set a target of at least 170 billion yen in consolidated ordinary profit and about 9.5% return on equity by fiscal 2028 under its new three-year business plan, according to a Monday filing on the Tokyo Stock Exchange.The plan, covering fiscal 2026 to 2028, focuses on expanding growth areas, strengthening regional ties and investing in artificial intelligence and digital systems to improve efficiency.The group aims to lower its cost-to-income ratio to around 47% while maintaining a CET1 ratio near 13%.Strategy pillars include business expansion across core and new domains, structural reforms through IT investment, and stronger engagement with stakeholders. The company also plans to build an "AI-native" organization and step up investment in human capital.Alongside financial goals, the group set sustainability targets including reducing emissions tied to lending and supporting economic growth in its home region.

TYO:5831

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