Shizuoka Financial Group (5831) investor relations material

Executive summary

• Net income rose JPY 17.2 bn year-over-year to JPY 69.7 bn, driven by higher net interest income from rising JPY interest rates and gains on stocks.

• Ordinary income increased 24.3% YoY to JPY 304,027 million, and ordinary profit rose 32.3% to JPY 98,348 million.

• Profit attributable to owners of parent grew 32.7% to JPY 69,694 million, with comprehensive income surging to JPY 133,536 million, up 254.2% YoY.

• Upward revision of full-year net income forecast to JPY 88.0 bn, JPY 2.0 bn above the November 2025 plan and JPY 7.0 bn above the initial plan.

• Progress rate toward revised plan goals reached 81.0%.

Financial highlights

• Core gross operating profit increased by JPY 21.8 bn YoY to JPY 164.8 bn; gross operating profit was JPY 143.4 bn, down slightly due to lower bond-related profits.

• Net interest income increased to JPY 122,647 million, and net gains on equity securities reached JPY 35,906 million.

• Net operating profit decreased by JPY 6.2 bn YoY to JPY 66.5 bn due to higher expenses and bond sale losses.

• Total assets as of December 31, 2025, were JPY 15,878.3 billion, up JPY 163.4 billion from March 31, 2025.

• Consolidated ROE (net assets) improved to 7.6% (up 1.8 pts YoY).

Outlook and guidance

• Full-year net income forecast revised upward to JPY 88.0 bn, reflecting strong core business and gains on securities.

• Full-year ordinary profit forecast revised upward to JPY 127.0 bn.

• Dividend per share raised to JPY 80, up JPY 20 YoY; total payout ratio projected at 82.9%.

• Year-end dividend forecast increased to JPY 41.00 per share, with total annual dividends projected at JPY 80.00 per share.

• Consolidated ROE projected to improve to 7.3%.