The Bank of Nagoya,Ltd. [8522.T]
TOKYO, May 12 (Pulse News Wire) – The Bank Of Nagoya,ltd. (8522.T) revised its financial targets for the fiscal year ending March 2027 and adjusted its non-financial goals for 2030 following a board meeting held today.
The bank aims to achieve higher profitability earlier than initially planned due to favorable economic conditions and successful strategic investments. For the 2027 intermediate target, the bank increased its forecast for consolidated net income to exceed ¥8 billion from ¥20.00 billion previously. Additionally, the return on equity (ROE) was raised to more than 8%, up from 6%. Other metrics such as Core OHR remained unchanged at 50% points, while the loan-to-deposit ratio stayed steady at 10 trillion yen.
Regarding the 2030 financial goal, the bank maintained its policy of reducing holdings of investment securities to less than 20% of total assets based on fair value. However, the bank set a new target to accumulate ¥1 trillion in ESG investments over ten years, surpassing the previous goal of ¥500.0 billion. In addition to financial adjustments, the bank also reviewed its non-financial objectives, keeping the female placement rate unchanged at 100%, maintaining work engagement levels at 3.60, and retaining the cross-career experience rate at 80%. "The revisions reflect our commitment to sustainable growth and enhancing shareholder value," said President Ichiro Fujiwara.
"We aim to contribute further to regional economic development through these ambitious targets.".
🟡 Confidence: Standard AI-translated content.