TOKYO, May 12 (Pulse News Wire) – THE Tohoku Bank,ltd. (8349.T) reported lower net profit for the fiscal year ended March 31, 2026, compared to the previous year.
Operating revenue increased by ¥165 million to ¥16.34 billion due to higher interest income and gains from securities trading activities. However, operating expenses rose by ¥138 million, leading to a decline in ordinary profit to ¥421 million from ¥2 billion in the prior year. The bank's net profit dropped significantly to ¥106 million from ¥313 million in the same period last year, primarily due to higher taxes and adjustments.
Despite the decrease, the bank maintained its focus on strategic initiatives aimed at enhancing profitability and customer service, aligning with its mid-term plan themed “Harmony, Resonance, Co-Creation” from April 1, 2025, to March 31, 2028. In addition, the bank’s equity ratio decreased slightly to 9.15%, reflecting efforts to strengthen capital adequacy ratios while supporting regional economic growth and decarbonization projects. The bank also outlined plans to achieve a total deposit balance of ¥1 billion and expand its loan portfolio to meet long-term financial targets.
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