THE FIRST BANK OF TOYAMA,LTD. [7184.T]
TOKYO, May 12 (Pulse News Wire) – THE First Bank OF Toyama,ltd. (7184.T) reported record core business profit of ¥11.867 billion for the fiscal year ending March 2026, marking four consecutive years of growth.
The bank's operating revenue increased to ¥53.147 billion, while ordinary income rose to ¥2.030 billion compared to the previous year. Additionally, the bank recorded significant gains from stock sales, contributing to its overall profitability. In terms of asset management, the bank shifted its portfolio towards shorter-term government bonds amid rising long-term interest rates, optimizing its investment strategy based on domestic interest rate and equity trends. As a result, the total value of securities holdings increased by ¥653 million.
Looking ahead, the bank expects a slight decline in profits for the fiscal year 2027 due to planned investments in key IT systems and AI-related initiatives. Despite this, the bank remains committed to maintaining high dividend payouts, targeting a payout ratio of more than 35%. For the upcoming fiscal year, the bank plans to distribute a total annual dividend of ¥75 per share, comprising ¥37.50 for interim and final dividends. Additionally, the bank intends to repurchase up to 1,309,700 shares through open-market purchases from May 13 to May 29, 2026, followed by the cancellation of some existing treasury shares to mitigate dilution concerns and improve liquidity ratios.
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