JAPAN POST BANK (7182) Q1 2025 earnings summary

Executive summary

• Ordinary income for Q1 FY2025/3 was ¥605.6 billion, down ¥37.8 billion year-over-year, while net ordinary income rose by ¥19.2 billion to ¥137.7 billion, representing 26.2% of the full-year forecast.

• Net income attributable to owners of parent increased by ¥9.4 billion year-over-year to ¥96.2 billion, 26.3% of the full-year forecast.

• Interest income and fees/commissions both increased, while ordinary expenses decreased by ¥57.0 billion year-over-year.

Financial highlights

• Interest income rose by ¥119.2 billion year-over-year to ¥457.5 billion; fees and commissions increased by ¥0.7 billion to ¥46.3 billion.

• Ordinary expenses fell to ¥467.9 billion, with interest expenses up by ¥30.5 billion to ¥203.9 billion.

• Net income per share for Q1 FY2025/3 was ¥26.61, up from ¥23.95 in Q1 FY2024/3.

• Comprehensive income swung to a loss of ¥245.3 billion from a gain of ¥269.6 billion year-over-year, mainly due to valuation changes in securities and hedges.

Outlook and guidance

• Full-year FY2025/3 net ordinary income forecast is ¥525.0 billion (up 5.8% year-over-year); net income attributable to owners of parent forecast is ¥365.0 billion (up 2.4%).

• Dividend forecast for FY2025/3 is ¥52.00 per share, unchanged from prior guidance.