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HomeInvestor RelationsIR Library > Financial Highlights/Earnings and Dividends Forecasts

Financial Highlights/Earnings and Dividends Forecasts

See Financial Results for the latest “Summary of Financial Results, Selected Financial Information

(Annual)

Results of OperationsConsolidated

FY2025/3
Net interest income for the fiscal year ended March 31, 2025 increased by \240.9 bn year on year, mainly due to increases in income related to foreign bonds investment trusts, interest on Japanese government bonds and interest on Bank of Japan deposits.
Net fees and commissions increased by \3.3 bn year on year.
Net other operating income increased by \67.6 bn year on year, due to increases in gains (losses) on foreign exchanges and gains (losses) on bonds.
General and administrative expenses decreased by \13.4 bn year on year.
Net ordinary income increased by \88.4 bn year on year.
Net income attributable to owners of parent increased by \58.1 bn year on year to \414.3 bn, which was record high profits in our history as a listed company for the second consecutive fiscal year.

Results of Operations(Consolidated) graph
  FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3

Consolidated gross operating profit

1,314.0 1,319.1 1,292.0 1,056.3 733.6 1,045.6

General and administrative expenses*

1,021.5 1,011.4 983.2 926.3 929.1 915.6

Net ordinary income

379.1 394.2 490.8 455.5 496.0 584.5

Net income attributable to owners of parent

273.4 280.1 355.0 325.0 356.1 414.3

Net interest income

976.6 961.9 1,147.4 796.3 715.7 956.7

Net fees and commissions

128.8 127.9 128.4 147.8 153.0 156.3

Net other operating income (loss)

208.4 229.1 16.0 112.1 (135.1) (67.4)

ROE (based on shareholders’ equity)(%)**

3.03 3.06 3.80 3.44 3.74 4.28

* General and administrative expenses exclude non-recurring losses.

** ROE = net income attributable to owners of parent / [(sum of total net assets at the beginning and the end of the period) / 2] x 100

Breakdown of Net Fees and CommissionsNon-consolidated

FY2025/3
Net fees and commissions for the fiscal year ended March 31, 2025 increased by \3.3 bn year on year to \154.8 bn.

Breakdown of Net Fees and Commissions(Non-consolidated) graph
  FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3
Others
8.5 9.7 7.2 10.4 12.7 13.8
Investment trusts*
21.7 14.6 13.6 11.8 12.2 13.0
ATMs
19.0 20.1 22.7 32.8 37.3 38.1
Exchange and settlement transactions
79.4 83.4 83.7 91.1 89.2 89.8

* Since FY2023/3, Investment trusts include Yucho Fund Wraps (discretionary investment contract services).

Financial ConditionsNon-consolidated

FY2025/3
Total assets were \233.5 tn as of March 31, 2025.
As of March 31, 2025, Deposits were \190.4 tn, Liquid deposits were \125.9 tn, Fixed-term deposits were \64.3 tn.

Financial Conditions(Non-consolidated) graph
  FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3
Total assets
210.9 223.8 232.9 229.5 233.8 233.5
Total liabilities
201.9 212.4 222.6 219.9 224.1 224.5

Total net assets

8.9 11.3 10.2 9.6 9.6 9.0

Deposits

183.0 189.5 193.4 194.9 192.8 190.4

Securities

135.1 138.1 139.5 132.7 146.4 143.5

Asset Management StatusNon-consolidated

FY2025/3
Included in investment assets as of March 31, 2025, JGBs were \40.3 tn and foreign securities, etc. were \87.4 tn.

Asset Management Status(Non-consolidated) graph
  FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3

Japanese government bonds

53.6 50.4 49.2 38.1 43.8 40.3

Foreign securities, etc.

65.6 71.1 74.1 78.3 86.6 87.4

Others

88.2 98.9 106.2 109.9 100.5 102.4

Capital Adequacy RatioConsolidated

FY2025/3
Capital adequacy ratio (domestic standard) was 15.08% as of March 31, 2025.
(Reference) Common Equity Tier1 capital ratio (international standard, estimate) was 11.77%.

Capital Adequacy Ratio(consolidated) graph
  FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3

Capital adequacy ratio (Domestic standard)*

15.58 15.53 15.56 15.53 15.01 15.08

CET1 ratio (International standard)**

14.87 14.09 14.23 14.01 13.23 11.77

* The figure as of March 31, 2025 is on the finalized Basel Ⅲ basis.

** Excluding unrealized gains on available-for-sale securities. Calculation for some items are simplified. Since March 31, 2024, the CET1 ratios are on the finalized Basel Ⅲ basis.

Dividends(1)Consolidated

FY2025/3
Dividend per share for the fiscal year ended March 31, 2025 is \58, an increase of \2 from the revised-upward dividend forecast announced on November 14, 2024.

Dividends(1) graph
  FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3

Dividends per share(As of Sept. 30)

¥25.00 ¥0.00 ¥0.00 ¥0.00 ¥0.00 ¥0.00

Dividends per share(As of Mar. 31)

¥25.00 ¥50.00 ¥50.00 ¥50.00 ¥51.00 ¥58.00

Dividends(2)Consolidated

FY2025/3
Total dividend payment for the fiscal year ended March 31, 2025 is \208.8 bn.
Dividend payout ratio for the fiscal year ended March 31, 2025 is 50.6%.

Dividends(2) graph
  FY2020/3 FY2021/3 FY2022/3 FY2023/3 FY2024/3 FY2025/3

Total dividend payment

187.4 187.4 187.4 183.4 184.4 208.8

Dividend payout ratio(%)

68.5 66.9 52.7 57.5 51.8 50.6

(Quarterly)

Results of OperationsConsolidated

Results of Operations(Consolidated) graph
  FY23/3 FY24/3 FY25/3
3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Consolidated gross operating profit

873.2 1,056.3 189.3 377.7 560.9 733.6 319.0 528.4 753.9 1,045.6

General and administrative expenses*

696.3 926.3 237.3 467.6 700.4 929.1 238.0 464.3 690.6 915.6

Net ordinary income

344.3 455.5 118.4 253.8 367.0 496.0 137.7 321.4 441.2 584.5

Net income attributable to owners of parent

247.4 325.0 86.8 182.1 263.3 356.1 96.2 222.8 308.3 414.3

Net interest income

613.4 796.3 169.1 337.9 542.2 715.7 258.6 452.6 676.2 956.7

Net fees and commissions

114.2 147.8 38.6 77.5 118.0 153.0 39.3 78.7 120.0 156.3

Net other operating income (loss)

145.6 112.1 (18.4) (37.7) (99.3) (135.1) 20.9 (2.9) (42.3) (67.4)

ROE (based on shareholders’ equity)(%)**

3.47 3.44 3.71 3.85 3.69 3.74 4.05 4.63 4.24 4.28

* General and administrative expenses exclude non-recurring losses.

** ROE = net income attributable to owners of parent / [(sum of total net assets at the beginning and the end of the period) / 2] x 100

Breakdown of Net Fees and CommissionsNon-consolidated

Breakdown of Net Fees and Commissions(Non-consolidated) graph
  FY23/3 FY24/3 FY25/3
3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Others
8.0 10.4 3.3 6.6 10.0 12.7 3.9 7.2 10.7 13.8
Investment trusts*
9.0 11.8 2.9 5.9 8.9 12.2 3.2 6.4 9.7 13.0
ATMs
25.0 32.8 9.1 18.6 28.3 37.3 9.6 19.3 29.0 38.1
Exchange and settlement transactions
71.1 91.1 22.9 45.5 69.7 89.2 22.3 44.9 69.4 89.8

* Investment trusts include Yucho Fund Wraps (discretionary investment contract services).

Financial ConditionsNon-consolidated

Financial Conditions(Non-consolidated) graph
  FY23/3 FY24/3 FY25/3
3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Total assets
226.7 229.5 229.7 230.3 229.1 233.8 238.6 238.2 243.1 233.5
Total liabilities
217.5 219.9 220.0 221.3 219.5 224.1 229.4 228.7 233.8 224.5

Total net assets

9.1 9.6 9.6 9.0 9.5 9.6 9.2 9.5 9.3 9.0

Deposits

195.2 194.9 196.0 194.1 194.9 192.8 193.3 191.3 192.1 190.4

Securities

132.2 132.7 135.2 137.7 141.4 146.4 149.8 147.6 147.7 143.5

Asset Management StatusNon-consolidated

Asset Management Status(Non-consolidated) graph
  FY23/3 FY24/3 FY25/3
3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Japanese government bonds

37.0 38.1 37.6 38.9 41.6 43.8 44.7 44.7 42.6 40.3

Foreign securities, etc.

77.9 78.3 80.6 81.8 83.3 86.6 89.2 86.8 88.9 87.4

Others

108.2 109.9 108.5 106.0 101.3 100.5 101.4 103.9 108.6 102.4

Capital Adequacy RatioConsolidated

Capital Adequacy Ratio(consolidated) graph
  FY23/3 FY24/3 FY25/3
3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q

Capital adequacy ratio (Domestic standard)*

15.46 15.53 15.42 15.30 15.16 15.01 14.86 15.08 15.13 15.08

CET1 ratio (International standard)**

13.16 14.01 13.07 12.38 13.07 13.23 12.22 13.53 12.88 11.77

* The figure as of FY25/3 4Q is on the finalized Basel Ⅲ basis.

** Excluding unrealized gains on available-for-sale securities. Calculation for some items in the CET1 ratio are simplified. Since FY24/3 4Q, the CET1 ratios are on the finalized Basel Ⅲ basis.

(Earnings and Dividends Forecasts)

Earnings ForecastsConsolidated

  • For earnings forecasts for the fiscal year ending March 31, 2026, net ordinary income and net income attributable to owners of parent are expected to amount to ¥680.0 bn and ¥470.0 bn, respectively. We aim to achieve record high profits in our history as a listed company for the third consecutive fiscal year.
  • In the fiscal year ending March 31, 2026, the forecasts see an increase in income compared to the fiscal year ended March 31, 2025, mainly due to an increase in income from new investments in JGBs with a rise in domestic interest rates, while gains on sales of stocks associated with operation for risk controls are projected to decrease and general and administrative expenses are projected to increase.
Achievement of Forecasts and Full-year Earnings Forecasts for and Assumptions for the Earnings Forecasts

Dividends ForecastConsolidated

  • Dividend per share for the fiscal year ended March 31, 2025 is ¥58, an increase of ¥2 from the revised-upward dividend forecast announced on November 14, 2024.
  • Dividend per share for the fiscal year ending March 31, 2026, taking into consideration the earnings forecasts and the shareholder return policy during the Medium-term Management Plan (FY2022/3 through FY2026/3), is planned to be ¥66, an increase of ¥8 from the fiscal year ended March 31, 2025(dividend payout ratio of 50.2%).
Actual Result and Forecast of Dividends and Shareholder return policy, etc. (FY2022/3 through FY2026/3)
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