Source disclosure: January 20, 2026
HS Holdings Co., Ltd. [8699.T]
TOKYO, Jan 20 (Pulse News Wire) -- HS Holdings Co., Ltd. (8699.T), led by President Hirota Yasunari, has announced the individual performance results of its associated company, Khan Bank JSC, for the fiscal year ending December 2025. The bank, headquartered in Ulaanbaatar, Mongolia, reported an increase in net profit after taxes to 694.8 million tugriks from 638.5 million tugriks in the previous fiscal year, marking an 8.8% growth.
The report highlights that Khan Bank's performance was bolstered by robust economic conditions in Mongolia, which spurred increased lending activities both to businesses and individuals. This, coupled with rising funding rates, contributed to a significant rise in funds utilization revenue, up by 15.0% to 2,936.7 million tugriks compared to the prior year. However, higher deposit balances and increased deposit rates also led to a substantial hike in funding costs, climbing by 20.3% to 1,596.1 million tugriks. Additionally, the weakening of the Mongolian tugrik against foreign currencies such as the US dollar further inflated these expenses.
In terms of balance sheet metrics, total assets grew by 17.9%, reaching 23,942.3 million tugriks, while total liabilities rose by 18.4% to 21,117.5 million tugriks. Total equity saw a 14.6% increase to 2,824.8 million tugriks. Loans and advances to customers surged by 20.9% to 13,534.1 million tugriks, whereas customer deposits expanded by 9.9% to 16,400.2 million tugriks.
For more detailed information on Khan Bank’s financial statements, investors can visit the bank’s official website under the URL https://www.khanbank.com/en/personal/about/investor-relations-nonaudited-financial-statements/. It is important to note that the figures presented are in local currency (tugriks). For conversion purposes, the exchange rate used for asset and liability items is based on the settlement date of December 31, 2025, at 1 yen = 22.71 tugriks, while revenue and expense items utilize the average rate over the period. The bank follows the accounting guidelines set by the Central Bank of Mongolia but these preliminary figures have not yet been audited according to International Financial Reporting Standards (IFRS).
Furthermore, Khan Bank’s financial statements will be utilized in HS Holdings' consolidated financial statements for the fiscal year ending March 2026, with necessary adjustments made for any significant transactions occurring between the two reporting periods. Investors should consult the provided links for comprehensive data and additional notes regarding the financials.
AI-translated content. 🟡 Confidence: Standard See terms • Original filing