Asia
Miyazaki Bank Targets 16.5 Billion Yen Profit in New Midterm Plan
The Miyazaki Bank (TYO:8393) is targeting net income of 16.5 billion yen and a return on equity of at least 7% by fiscal 2029 under a new three-year management plan, according to a Friday filing on the Tokyo Stock Exchange.The plan, running from April 2026 to March 2029, focuses on expanding digital banking while strengthening in-person services, with an emphasis on supporting regional economies and deepening customer relationships.The bank also aims to improve productivity through digital transformation and AI, while investing in human capital and enhancing head office functions.It targets a capital adequacy ratio of about 10% and a 10% increase in client value growth for customers using the bank as their main lender.
TYO:8393
