Summary of the Financial Statements for FY2025 [JGAAP] (Consolidated)
Company name Aozora Bank, Ltd. TSE code 8304
Representative Hideto Oomi, President and CEO
May 14, 2026
Listed exchange Tokyo Stock Exchange
Contact person Norihide Tate, Joint General Manager of Financial Management Division
Date of ordinary shareholders' meeting June 23, 2026 URL https://www.aozorabank.co.jp/
Dividend payable date June 12, 2026 TEL (03)6752-1111 Scheduled filing date of securities report June 17, 2026 Trading accounts Affirmative Reference material Affirmative
Investor meeting Affirmative
(Unit: JPY millions, rounded down)
Business highlights for the fiscal year ended March 31, 2026 (FY2025)
Consolidated business results (Note: Percentages show year-on-year rates of change)
Ordinary income
Ordinary profit
Profit attributable
to owners of parent
Millions of yen
%
Millions of yen
%
Millions of yen
%
FY2025
242,314
4.7
27,183
54.8
25,705
25.3
FY2024
231,460
(6.0)
17,561
-
20,518
-
(Note) Comprehensive income JPY 41,523 million 92.6% (FY2025) JPY 21,561 million －% (FY2024)
Net income per
common share (basic)
Net income per
common share (diluted)
ROE
Ordinary profit per total assets
Ordinary profit per ordinary income
Yen
Yen
%
%
%
FY2025
185.75
185.41
5.5
0.3
11.2
FY2024
154.26
154.02
4.9
0.2
7.6
(Reference) Gains (losses) on equity method investments JPY 2,926 million (FY2025) JPY 2,265 million (FY2024)
Consolidated financial condition
Total assets
Total net assets
Net assets to total
assets ratio
Net assets
per common share
Millions of yen
Millions of yen
%
Yen
March 31, 2026
8,601,673
491,611
5.6
3,463.73
March 31, 2025
7,762,434
459,685
5.8
3,258.51
(Reference) Total net assets (less Share acquisition rights and Non-controlling interests) JPY 479,315 million (March 31, 2026)
JPY 450,916 million (March 31, 2025) (Note) Net assets to total assets ratio = (Total net assets - Share acquisition rights - Non-controlling interests) / Total assets
The above Net assets to total assets ratio is different from the capital adequacy ratio prescribed in the notification of the Financial Services Agency.
Consolidated Cash Flows
Operating activities
Investing activities
Financing activities
Cash and cash equivalents at the end of the period
FY2025
Millions of yen
132,619
Millions of yen
(14,281)
Millions of yen
(9,947)
Millions of yen
1,449,989
FY2024
(56,900)
(147,849)
46,592
1,341,599
Dividend
Annual dividend
Total
dividends (Annual)
Dividend
ratio
(Consolidated)
Dividends to
net assets ratio (Consolidated)
1Q end
2Q end
3Q end
Year-end
Annual
Yen
Yen
Yen
Yen
Yen
Millions of yen
%
%
FY2024(common share)
19.00
19.00
19.00
22.00
79.00
10,522
51.2
2.4
FY2025(common share)
22.00
22.00
22.00
25.00
91.00
12,592
49.0
2.7
FY2026(common share)
(Forecast)
-
-
-
-
100.00
51.3
(Note) Aozora will continue to pay dividends on a quarterly basis, although dividend payment forecast was announced only on an annual basis.
Consolidated earnings forecast for the year ending March 31, 2027 (FY2026)
(Note: Percentages show year-on-year rates of change)
Ordinary profit | Profit attributable to owners of parent | Net income per common share | |||
FY2026 (Full Year) | Millions of yen 37,000 | % 36.1 | Millions of yen 27,000 | % 5.0 | Yen 195.11 |
* Notes
Significant changes in the scope of consolidation during the term Affirmative Excluded: 1 company (Aozora Asia Pacific Limited)
Changes in accounting policy, accounting estimates, or retrospective restatements
Changes with revisions of accounting standards None
Changes other than (a) above None
Changes in accounting estimates None
Retrospective restatements None
The number of common shares issued
March 31, 2026 | March 31, 2025 | |
(a) The number of common shares issued ( including treasury shares ) | 139,789,418 | 139,789,418 |
(b) The number of treasury shares | 1,408,342 | 1,408,328 |
FY2025 | FY2024 | |
(c) The average number of common shares outstanding | 138,381,112 | 133,006,083 |
(Summary of non-consolidated financial statements)
Business highlights for the fiscal year ended March 31, 2026 (FY2025)
Business results (Note: Percentages show year-on-year rates of change)
Ordinary income
Ordinary profit
Profit
Millions of yen
%
Millions of yen
%
Millions of yen
%
FY2025
207,531
1.6
21,814
58.4
22,254
41.8
FY2024
204,228
(7.9)
13,769
-
15,698
-
Net income per common share (basic)
Net income per common share (diluted)
Yen
Yen
FY2025
160.81
160.51
FY2024
118.02
117.83
Financial condition
Total assets
Total net assets
Net assets to total assets ratio
Net assets
per common share
Millions of yen
Millions of yen
%
Yen
March 31, 2026
7,329,934
430,391
5.9
3,105.65
March 31, 2025
6,779,341
406,726
6.0
2,935.55
(Reference) Total net assets (less Share acquisition rights): JPY 429,764 million (March 31, 2026) JPY 406,225 million (March 31, 2025) (Note) Net assets to total assets ratio = (Total net assets - Share acquisition rights) / Total assets
The above Net assets to total assets ratio is different from the capital adequacy ratio prescribed in the notification of the Financial Services Agency.
Summary of financial statements is out of scope of audit (by CPAs or audit firms).
Notes and remarks for the proper use of earnings projection
The above earnings forecast involves certain risks and uncertainties since the calculations are based on
management's assumptions and beliefs in light of information currently available. This should not be interpreted as a promise or guarantee that the forecast will be achieved. Please be aware that actual results may be materially different from the forecast presented herein due to various factors.
[ Attachment ]
Overview of operating results ・・・・・・・・・・・・・・・・・・・・・・・・・・・ 2
Overview of operating results for FY2025 ・・・・・・・・・・・・・・・・・・・・・ 2
Overview of financial condition for FY2025 ・・・・・・・・・・・・・・・・・・・ 4
Policy for appropriation of earnings and dividend for the year and next year・・・・ 4
Basic view on selection of Accounting Standards ・・・・・・・・・・・・・ ・・・・・・・ 5
Consolidated financial statements and main notes・・・・・・・・・・・・・・・・・・・・ 6
Consolidated balance sheet ・・・・・・・・・・・・・・・・・・・・・・・・・・ 6
Consolidated statement of income and Consolidated statement of
comprehensive income ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 8 Consolidated statement of income ・・・・・・・・・・・・・・・・・・・・・・・・ 8 Consolidated statement of comprehensive income ・・・・・・・・・・・・・・・・・ 9
Consolidated statement of changes in net assets ・・・・・・・・・・・・・ ・・・・ 10
Consolidated statement of cash flows ・・・・・・・・・・・・・・・・・・・・・ 12
Notes to consolidated financial statements ・・・・・・・・・・・・・・・・・・・ 14 (Information on going concern assumption) ・・・・・・・・・・・・・・・・・・・・・ 14 (Segment information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 15 (Per share information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 20 (Material subsequent event) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 20
Non-consolidated financial statements・・・・・・・・・・・・・・・・・ ・・・・・・・・ 21
Non-consolidated balance sheet ・・・・・・・・・・・・・・・・・・・・・・・・・・・ 21
Non-consolidated statement of income ・・・・・・・・・・・・・・・・・・・・・・・・ 23
Non-consolidated statement of changes in net assets ・・・・・・・・・・・・・ ・・・・ 25
Overview of operating results
Overview of operating results for FY2025
① Consolidated results of operations
（Billions of yen）
FY2024
FY2025
Change
Net revenue ※1
85.6
98.5
12.9
Net interest income
48.7
52.3
3.6
Net fees and commissions
24.6
31.8
7.1
Net gains on trading account transactions
3.1
4.3
1.1
Gains (losses) on bond transactions
2.0
(10.3)
(12.3)
Net other ordinary income excluding gains (losses)
on bond transactions
7.0
20.4
13.3
General and administrative expenses
(62.8)
(66.9)
(4.0)
Gains (losses) on equity method investments
2.2
2.9
0.6
Business profit
(excluding gains/losses on stock transactions, etc.) ※2
25.0
34.5
9.5
Credit-related expenses
(9.4)
(8.4)
0.9
Gains (losses) on stock transactions
3.2
1.1
(2.1)
Other
(1.2)
(0.0)
1.2
Ordinary profit
17.5
27.1
9.6
Extraordinary profit (loss)
1.8
(0.0)
(1.8)
Profit before income taxes
19.3
27.1
7.7
Total income taxes
0.2
(0.5)
(0.8)
Profit
19.6
26.5
6.9
Loss (Profit) attributable to non-controlling interests
0.8
(0.8)
(1.7)
Profit attributable to owners of parent
20.5
25.7
5.1
Reference
Business profit
(including gains/losses on stock transactions, etc.)
27.1
35.2
8.1
※1 Net revenue = (Interest income - Interest expenses)
+ (Trust fees + Fees and commissions - Fees and commissions payments)
+ (Gain on trading account transactions - Loss on trading account transactions)
+ (Other ordinary income - Other ordinary expenses)
※2 Business profit (excluding gains/losses on stock transactions, etc.)
= Net revenue - General and administrative expenses
+ Gains (losses) on equity method investments
※3 Gains/losses on stock transactions, etc. = Gains/losses on stock transactions + Net provision of allowance for investment losses + Gains/losses on equity derivatives
※4 Regardless of nature of accounts, income or profits are shown as positive and expenses or losses are shown as negative amount on the table above.
For FY2025, net revenue was 98.5 billion yen, an increase of 12.9 billion yen from the previous year, and business profit (excluding gains/losses on stock transactions, etc.) was 34.5 billion yen, an increase of 9.5 billion yen. Profit attributable to owners of parent was 25.7 billion yen, an increase of
5.1 billion yen.
Net interest income was 52.3 billion yen, an increase of 3.6 billion yen from the previous year. Non-interest income was 46.2 billion yen, an increase of 9.3 billion yen from the previous year. General and administrative expenses were 66.9 billion yen, an increase of 4.0 billion yen from the previous year.
Gains (losses) on equity method investments were a net gain of 2.9 billion yen.
From the above, business profit (excluding gains/losses on stock transactions, etc.) was 34.5 billion yen, an increase of 9.5 billion yen.
Credit-related expenses were a net expense of 8.4 billion yen, as compared to a net expense of
9.4 billion yen in FY2024. Gains (losses) on stock transactions were a net gain of 1.1 billion yen. Ordinary profit was 27.1 billion yen, an increase of 9.6 billion yen, and profit before income taxes was
27.1 billion yen, an increase of 7.7 billion yen from the previous year.
Total income taxes (corporation tax, resident tax, business tax and deferred income taxes) were a net expense of 0.5 billion yen.
As a result of the above factors, profit attributable to owners of parent was 25.7 billion yen, an increase of 5.1 billion yen year-on-year. Net income per share (basic) was 185.75 yen, as compared to 154.26 yen per share (basic) in FY2024.
Business profit (including gains/losses on stock transactions, etc.) by reportable segments
※1
(Billions of yen)
FY2024
FY2025
Change
Strategic Investments Unit
27.7
38.6
10.8
Market & International Business Unit
7.5
3.9
(3.6)
Customer Relations Unit
1.4
1.1
(0.3)
GMO Aozora Net Bank
(0.4)
1.9
2.3
※1 Business profit (including gains/losses on stock transactions, etc.)
= Business profit (excluding gains/losses on stock transactions, etc.)
+ Gains/losses on stock transactions, etc.
The Bank has designated Strategic Investments Unit, Market & International Business Unit, Customer Relations Unit, and GMO Aozora Net Bank as reportable segments for the purpose of the disclosures contained herein.
As of March 31, 2026, each reportable segment consists of the following business groups.
Strategic Investments Unit
: Corporate Banking Group, M&A Advisory Group, Acquisition & Structured Finance Group, Environment Business Group, Special Situations Group and Real Estate Finance Group
Market & International Business Unit
: Financial Markets Group, International Business Group and Real Estate Finance Group Customer Relations Unit
: Allied Banking Group and Retail Banking Group GMO Aozora Net Bank
: GMO Aozora Net Bank
② Outlook for the next term
The consolidated earnings forecast for the year ending March 2027 is 111.0 billion yen for net revenue, 44.0 billion yen for business profit (including gains/losses on stock transactions, etc.), 37.0 billion yen for ordinary profit and 27.0 billion yen for profit attributable to owners of parent.
Overview of financial condition for FY2025
① Assets, liabilities, and net assets
Total assets were 8,601.6 billion yen as of March 31, 2026, an increase of 839.2 billion yen, compared to March 31, 2025.
Loans and bills discounted were 4,486.3 billion yen, an increase of 279.8 billion yen from March 31, 2025. Domestic loans increased by 261.4 billion yen and overseas loans increased by 18.3 billion yen. Securities increased by 79.3 billion yen from March 31, 2025, to 1,434.8 billion yen.
Total liabilities were 8,110.0 billion yen, an increase of 807.3 billion yen compared to March 31, 2025. Total core funding (deposits, negotiable certificates of deposit and bonds payable) was 6,152.4 billion yen, an increase of 354.8 billion yen from March 31, 2025.
Total net assets were 491.6 billion yen, an increase of 31.9 billion yen from March 31, 2025. Net assets per common share were 3,463.73 yen, as compared to 3,258.51 yen per common share as of March 31, 2025.
② Cash flow
Cash flow from operating activities was a positive 132.6 billion yen mainly due to increase in deposits. From investing activities, cash flow was a negative 14.2 billion yen mainly as a result of expenditures for the acquisition of securities exceeding income from the sale and redemption of securities. Cash flow from financing activities was a negative 9.9 billion yen mainly due to dividend payment. As a result, cash and cash equivalents as of March 31, 2026 were 1,449.9 billion yen, an increase of 108.3 billion yen compared to the previous fiscal year end.
Policy for appropriation of earnings and dividend for the year and next year
As announced in mid-term plan for 2025-2027, entitled 'Aozora 2027' in May 2025, the Bank will provide stable returns to shareholders in the form of dividend payment based on the result of net
earnings in principle, while maintaining financial strength.
For this fiscal year, the Bank will pay a cash dividend of 25.00 yen for the fourth quarter (91.00 yen for the entire year) per common share.
The entire year dividend forecast for the next fiscal year is 100.00 yen per common share. (Note) Figures are rounded down to the nearest unit specified.
Basic view on selection of Accounting Standards
The Bank's consolidated financial statements are prepared in accordance with accounting principals generally accepted in Japan ("J GAAP"), in order to ensure the comparability with other domestic banks.
In terms of the application of IFRS, the Bank will take appropriate actions in consideration of the Group's business operations, based on internal and external situations, etc.
Consolidated financial statements and main notes
(1) Consolidated balance sheet
Assets
Cash and due from banks
1,409,371
1,508,492
Call loans and bills bought
31,782
81,283
Monetary claims bought
58,530
55,280
Trading account assets
262,803
501,566
Money held in trust
12,728
11,053
Securities
1,355,458
1,434,823
Loans and bills discounted
4,206,564
4,486,392
Foreign exchanges
46,420
46,837
Other assets
331,054
411,740
Tangible fixed assets
22,385
22,874
Buildings, net
9,695
10,114
Land
9,235
9,235
Leased assets, net
999
786
Construction in progress
46
262
Other tangible fixed assets
2,407
2,476
Intangible fixed assets
19,075
18,091
Software
19,008
18,024
Other intangible fixed assets
67
67
Retirement benefit asset
9,430
12,319
Deferred tax assets
51,583
49,790
Customers' liabilities for acceptances and guarantees
18,711
16,218
Allowance for loan losses
(71,025)
(52,974)
Allowance for investment loss
(2,439)
(2,119)
Total assets
7,762,434
8,601,673
Liabilities
Deposits
5,598,301
6,030,775
Negotiable certificates of deposit
74,600
63,700
Call money and bills sold
5,000
50,993
Securities sold under repurchase agreements
27,924
38,123
Cash collateral received for securities lent
345,719
375,943
Trading account liabilities
209,155
482,295
Borrowed money
726,300
784,400
Bonds payable
124,640
57,962
Other liabilities
155,993
192,791
Provision for bonuses
4,756
5,515
Provision for bonuses for directors (and other officers)
67
110
Retirement benefit liability
10,353
9,875
Provision for credit losses on off-balance-sheet instruments
1,218
1,348
Reserves under special laws
8
8
Acceptances and guarantees
18,711
16,218
Total liabilities
7,302,748
8,110,061
(Millions of yen) As of March 31, 2025 As of March 31, 2026
Net assets
Share capital
125,966
125,966
Capital surplus
113,483
113,483
Retained earnings
241,485
254,992
Treasury shares
(2,894)
(2,894)
Total shareholders' equity
478,040
491,547
Valuation difference on available-for-sale securities
(39,532)
(24,972)
Deferred gains or losses on hedges
517
(545)
Foreign currency translation adjustment
9,604
9,674
Remeasurements of defined benefit plans
2,286
3,611
Total accumulated other comprehensive income
(27,123)
(12,232)
Share acquisition rights
501
626
Non-controlling interests
8,267
11,669
Total net assets
459,685
491,611
Total liabilities and net assets
7,762,434
8,601,673
(Millions of yen) As of March 31, 2025 As of March 31, 2026
instruments
(2) Consolidated statement of income and Consolidated statement of comprehensive income
(Consolidated statement of income)
(Millions of yen)
Fiscal year ended
Fiscal year ended
March 31, 2025
March 31, 2026
Ordinary income 231,460
242,314
Interest income 161,104
160,334
Interest on loans and discounts 127,971
119,804
Interest and dividends on securities 22,499
26,328
Interest on call loans and bills bought 325
330
Interest income on securities purchased under resale agreements 0
0
Interest on deposits with banks 1,103
598
Other interest income 9,204
13,272
Trust fees 373
465
Fees and commissions 31,137
39,387
Gain on trading account transactions 3,706
4,827
Other ordinary income 24,417
29,382
Other income 10,721
7,917
Reversal of allowance for loan losses －
1,864
Recoveries of written off receivables 2,490
269
Reversal of provision for credit losses on off-balance-sheet 742
-
Other
7,489
5,783
Ordinary expenses
213,899
215,130
Interest expenses
112,393
107,973
Interest on deposits
15,511
30,048
Interest on negotiable certificates of deposit
146
406
Interest on call money and bills sold
41
405
Interest expenses on securities sold under repurchase
agreements
1,518
1,367
Interest expenses on cash collateral received for securities lent
15,318
14,691
Interest on borrowings and rediscounts
2,820
5,364
Interest expenses on bonds
6,067
5,839
Interest expenses on interest rate swaps
35,011
23,969
Other interest expenses
35,958
25,880
Fees and commissions payments
6,859
8,038
Loss on trading account transactions
560
509
Other ordinary expenses
15,286
19,283
General and administrative expenses
62,384
65,999
Other expenses
16,413
13,325
Provision of allowance for loan losses
6,105
-
Provision of allowance for credit losses on off-balance-sheet
instruments
-
130
Other
10,308
13,195
Ordinary profit
17,561
27,183
Extraordinary income
3,408
0
Gain on disposal of non-current assets
0
0
Reversal of foreign currency translation adjustment
3,408
-
Extraordinary losses
1,584
12
Loss on disposal of non-current assets
2
7
Impairment losses
263
4
Other
1,318
-
Profit before income taxes
19,386
27,171
Income taxes - current
2,059
2,213
Income taxes - deferred
(2,307)
(1,639)
Total income taxes
(248)
574
Profit
19,634
26,597
Profit (loss) attributable to non-controlling interests
(884)
891
Profit attributable to owners of parent
20,518
25,705
(Consolidated statement of comprehensive income)
(Millions of yen)
Fiscal year ended March 31, 2025
Fiscal year ended March 31, 2026
Profit
19,634
26,597
Other comprehensive income
1,927
14,925
Valuation difference on available-for-sale securities
6,265
14,594
Deferred gains or losses on hedges
(3,814)
(1,063)
Foreign currency translation adjustment
(2,748)
1,790
Remeasurements of defined benefit plans, net of tax
8
1,325
Share of other comprehensive income of entities accounted for using 2,215 (1,720) equity method
Comprehensive income
21,561
41,523
Comprehensive income attributable to
Comprehensive income attributable to owners of parent
22,451
40,597
Comprehensive income attributable to non-controlling interests
(889)
926
Consolidated statement of changes in net assets For the fiscal year ended March 31, 2025
(Millions of yen)
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Balance at beginning of period
100,000
87,498
228,444
(3,015)
412,928
Changes during period
Issuance of new shares
25,966
25,966
51,933
Dividends of surplus
(7,478)
(7,478)
Profit attributable to owners of parent
20,518
20,518
Purchase of treasury shares
(0)
(0)
Disposal of treasury shares
18
121
139
Net changes in items other than shareholders' equity
Total changes during period
25,966
25,984
13,040
120
65,112
Balance at end of period
125,966
113,483
241,485
(2,894)
478,040
Accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Valuation difference on available-
for-sale securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurem ents of defined benefit plans
Total accumulated other
comprehensive income
Balance at beginning of period
(45,803)
4,332
10,137
2,277
(29,056)
532
6,673
391,078
Changes during period
Issuance of new shares
51,933
Dividends of surplus
(7,478)
Profit attributable to owners of parent
20,518
Purchase of treasury shares
(0)
Disposal of treasury shares
139
Net changes in items other than shareholders' equity
6,270
(3,814)
(532)
8
1,932
(31)
1,593
3,494
Total changes during period
6,270
(3,814)
(532)
8
1,932
(31)
1,593
68,607
Balance at end of period
(39,532)
517
9,604
2,286
(27,123)
501
8,267
459,685
For the fiscal year ended March 31, 2026
(Millions of yen)
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Balance at beginning of period
125,966
113,483
241,485
(2,894)
478,040
Changes during period
Dividends of surplus
(12,177)
(12,177)
Change in scope of consolidation
(20)
(20)
Profit attributable to owners of parent
25,705
25,705
Purchase of treasury shares
(0)
(0)
Disposal of treasury shares
0
0
Net changes in items other than shareholders' equity
Total changes during period
-
-
13,506
(0)
13,506
Balance at end of period
125,966
113,483
254,992
(2,894)
491,547
Accumulated other comprehensive income
Share acquisition rights
Non-controlling interests
Total net assets
Valuation difference on available-for-sale
securities
Deferred gains or losses on hedges
Foreign currency translation adjustment
Remeasurem ents of defined benefit plans
Total accumulated other comprehensive income
Balance at beginning of period
(39,532)
517
9,604
2,286
(27,123)
501
8,267
459,685
Changes during period
Dividends of surplus
(12,177)
Change in scope of consolidation
(20)
Profit attributable to owners of parent
25,705
Purchase of treasury shares
(0)
Disposal of treasury shares
0
Net changes in items other than shareholders' equity
14,560
(1,063)
69
1,325
14,891
125
3,402
18,419
Total changes during period
14,560
(1,063)
69
1,325
14,891
125
3,402
31,926
Balance at end of period
(24,972)
(545)
9,674
3,611
(12,232)
626
11,669
491,611
Consolidated statement of cash flows
(Millions of yen)
Fiscal year ended March 31, 2025
Fiscal year ended March 31, 2026
Cash flows from operating activities
Profit before income taxes
19,386
27,171
Depreciation
7,252
7,368
Impairment losses
263
4
Share of loss (profit) of entities accounted for using equity method
(2,265)
(2,926)
Increase (decrease) in allowance for loan losses
(16,903)
(18,051)
Increase (decrease) in allowance for investment loss
(2,023)
(320)
Increase (decrease) in provision for bonuses
110
740
Increase (decrease) in provision for bonuses for directors (and
other officers)
(9)
43
Decrease (increase) in retirement benefit asset
(987)
(1,242)
Increase (decrease) in retirement benefit liability
(205)
(188)
Net change in provision for credit losses on off-balance-sheet
instruments
(742)
130
Interest income
(161,104)
(160,334)
Interest expenses
112,393
107,973
Loss (gain) related to securities
(5,314)
9,185
Loss (gain) on money held in trust
(323)
(333)
Foreign exchange losses (gains)
20,106
(128,946)
Loss (gain) on disposal of non-current assets
2
7
Net decrease (increase) in trading account assets
(89,090)
(238,763)
Net increase (decrease) in trading account liabilities
44,076
273,140
Net decrease (increase) in loans and bills discounted
(146,171)
(209,395)
Net increase (decrease) in deposits
(36,691)
432,474
Net increase (decrease) in negotiable certificates of deposit
(66,780)
(10,900)
Net increase (decrease) in borrowed money (excluding
subordinated borrowings)
163,000
58,100
Net decrease (increase) in due from banks (excluding due from
Bank of Japan)
11,928
11,023
Net decrease (increase) in call loans
(4,950)
(46,252)
Net increase (decrease) in call money
3,020
56,192
Net increase (decrease) in cash collateral received for securities
lent
85,029
30,224
Net decrease (increase) in foreign exchanges - assets
11,830
(2,234)
Increase (decrease) in straight bonds - issuance and redemption
(56,756)
(66,678)
Interest received
159,242
157,017
Interest paid
(110,567)
(102,114)
Other, net
8,061
(48,273)
Subtotal
(55,182)
133,842
Income taxes refund (paid)
(1,717)
(1,223)
Net cash provided by (used in) operating activities
(56,900)
132,619
(Millions of yen)
Fiscal year ended
Fiscal year ended
March 31, 2025
March 31, 2026
Cash flows from investing activities
Purchase of securities
(596,135)
(666,292)
Proceeds from sale of securities
315,934
444,384
Proceeds from redemption of securities
137,881
214,638
Increase in money held in trust
(24,095)
(22,568)
Decrease in money held in trust
24,641
22,929
Purchase of tangible fixed assets
(1,447)
(2,311)
Purchase of intangible assets
(4,628)
(4,946)
Proceeds from sale of tangible fixed assets
0
0
Payments for asset retirement obligations
-
(115)
Net cash provided by (used in) investing activities
(147,849)
(14,281)
Cash flows from financing activities
Repayments of lease liabilities
(345)
(245)
Proceeds from issuance of shares
51,933
-
Proceeds from share issuance to non-controlling shareholders
2,500
2,500
Dividends paid
(7,478)
(12,177)
Dividends paid to non-controlling interests
(16)
(23)
Purchase of treasury shares
(0)
(0)
Proceeds from sale of treasury shares
-
0
Net cash provided by (used in) financing activities
46,592
(9,947)
Net increase (decrease) in cash and cash equivalents
(158,156)
108,390
Cash and cash equivalents at beginning of period
1,499,756
1,341,599
Cash and cash equivalents at end of period
1,341,599
1,449,989
Notes to consolidated financial statements (Information on going concern assumption) None
(Segment information)
Description of reportable segments
Identification of operating segments
The Bank has classified its Group's business operations into business groups and business units based upon the nature of the customers served and products offered: Strategic Investments Unit, Market & International Business Unit, Customer Relations Unit and GMO Aozora Net Bank. The Bank has designated these business units as operating segments and reportable segments for the purpose of the disclosures contained herein.
Financial information for these units is regularly reported to the Management Committee, which comprises members from amongst the Executive Officers who are approved and appointed by the Board of Directors, and is utilized for management decisions on the allocation of resources, an evaluation of the performance of each business units, etc.
Services provided by each reportable segment
Strategic Investments Unit consists of Corporate Banking Group, M&A Advisory Group, Acquisition & Structured Finance Group, Environment Business Group, Special Situations Group and Real Estate Finance Group. Strategic Investments Unit offers financial services to corporate customers. Major services offered by Strategic Investments Unit are loans and deposits, sale of financial products, private equity operations, M&A advisory, acquisition finance, environmental project finance, corporate restructuring finance, domestic real estate finance and other financial services.
Market & International Business Unit consists of Financial Markets Group, International Business Group and Real Estate Finance Group. Market & International Business Unit offers derivatives and foreign exchange products to customers, trading derivatives and foreign exchange products, ALM operations overseas loans and investments, overseas real estate finance and other financial services.
Customer Relations Unit consists of Allied Banking Group and Retail Banking Group. Customer Relations Unit offers financial services to financial institutions, public sector customers and retail customers. Major services offered by Customer Relations Unit are loans and deposits, sale of financial products (for financial institutions and public sector customers) and the sale of investment products, including deposits, investment trusts and insurance (for retail customers), and other financial services.
GMO Aozora Net Bank is a consolidated subsidiary of the Bank. GMO Aozora Net Bank offers deposits, foreign exchange and loans (for corporate customers, mainly startups and small and medium-sized enterprises) and deposits (for retail customers), and other financial services.
Methods of measurement for the amounts of Business revenue, profit (loss), assets and liabilities by reportable segments
Business revenue, profit (loss), assets and liabilities of reportable segments are recognized and measured mainly in accordance with accounting policies applied to consolidated financial statements.
Business revenue includes 'Consolidated net revenue', 'Gains (losses) on equity method investments', and 'Gains (losses) on stock transactions, etc.'
The Bank calculates its net interest income from funding and investing across reportable segments based on
i) the internal transfer rates determined by the average rate of funding by the currency and by contractual term, and ii) an expense allocation ratio for funding activities. In addition, the expenses related to the operations of the Bank's Head Office, which is not directly related to its business activities, is excluded from each reportable segment.
Fixed assets are not allocated to reportable segments, while the associated expenses are allocated to specific reportable segments and included in the segments' expenses.
Changes in reportable segments
Changes in the method for classifying reportable segments
The Bank made an organizational change to better align our management structure with the Mid-term Plan spanning fiscal years 2025 to 2027 from the beginning of the year ended March 31, 2026. As a result, the method of classifying reportable segments has been changed.
More specifically, the former classification of six reportable segments (Institutional Banking Group, Structured Finance Group, International Business Group, Market Group, Customer Relations Group, and GMO Aozora Net Bank) has been changed to four segments: Strategic Investments Unit, Market & International Business Unit, Customer Relations Unit and GMO Aozora Net Bank.
Changes in the method of measurement for the amount of revenues, profit (loss) by reportable segments
The Bank revised the method for evaluating its funding activity, which is a growth base in the Mid-term Plan, to include the amount of earnings commensurate with the degree of contribution related to funding activity in Consolidated net revenue of each unit from the beginning of the year ended March 31, 2026.
The information regarding reportable segments for the year ended March 31, 2025 has been updated to reflect these new reportable segments and revenue management methods.
Business revenue, profit (loss), assets and liabilities by reportable segment
FY2024 (From April 1, 2024 to March 31, 2025)
(Millions of yen)
Strategic Investment Unit
Market &
International Business Unit
Customer Relations Unit
GMO
Aozora Net Bank
Total
Consolidated net revenue
50,320
19,969
11,308
9,210
90,808
Gains (losses) on equity method investment
-
2,265
-
-
2,265
Gains (losses) on stock transactions, etc.
(564)
2
659
-
96
Business Revenue
49,756
22,236
11,967
9,210
93,170
General and administrative expenses
21,994
14,665
10,479
9,611
56,750
Business profit (loss)
27,761
7,571
1,488
(400)
36,420
Segment assets
2,594,148
3,684,487
189,784
941,563
7,409,983
Segment liabilities
367,525
1,034,804
4,835,857
946,549
7,184,737
Notes
Due to the nature of the banking business, the Bank uses 'Business revenue' as a substitute for 'Sales' as would be used by non-financial service companies. 'Business revenue' includes 'Consolidated net revenue', 'Gains (losses) on equity method investment', and 'Gains (losses) on stock transactions, etc.' Consolidated net revenue represents the total of net interest income, trust fees, net fees and commissions, net gains on trading account transactions and net other ordinary income recorded in the consolidated statement of income as well as the amount of earnings commensurate with the degree of contribution related to funding activity. Gains (losses) on stock transactions, etc. represents the total of Gain (loss) on sale of equity securities, Loss on devaluation of equity securities and Gains (losses) on equity derivatives, etc. The Bank oversees its revenue by reportable segment using Business revenue. The Bank offsets interest income and interest expense for the management purpose, therefore, revenue in transactions between reportable segments is not disclosed.
Depreciation expenses are included in the general and administrative expenses of each reportable segment, but are not disclosed as a separate item, because in the calculation process of the business profit
(loss), a part of depreciation expenses is allocated to each reportable segment, aggregated with other general and administrative expenses. Therefore, depreciation expenses by reportable segment are not managed separately. The amount of depreciation expense for this period is 7,252 million yen.
Segment assets of Market & International Business Unit include investments in entities applying equity methods of 35,508 million yen.
FY2025 (From April 1, 2025 to March 31, 2026)
(Millions of yen)
Strategic Investment Unit
Market &
International Business Unit
Customer Relations Unit
GMO
Aozora Net Bank
Total
Consolidated net revenue
61,178
15,324
11,055
14,266
101,825
Gains (losses) on equity method investment
-
2,926
-
-
2,926
Gains (losses) on stock transactions, etc.
575
(142)
249
-
682
Business Revenue
61,754
18,108
11,305
14,266
105,434
General and administrative expenses
23,116
14,184
10,141
12,291
59,733
Business profit (loss)
38,637
3,923
1,164
1,974
45,700
Segment assets
2,940,409
3,848,407
114,054
1,254,286
8,157,157
Segment liabilities
393,056
1,399,736
4,979,671
1,225,126
7,997,590
Notes
Due to the nature of the banking business, the Bank uses 'Business revenue' as a substitute for 'Sales' as would be used by non-financial service companies. 'Business revenue' includes 'Consolidated net revenue', 'Gains (losses) on equity method investment', and 'Gains (losses) on stock transactions, etc.' Consolidated net revenue represents the total of net interest income, trust fees, net fees and commissions, net gains on trading account transactions and net other ordinary income recorded in the consolidated
statement of income as well as the amount of earnings commensurate with the degree of contribution related to funding activity. Gains (losses) on stock transactions, etc. represents the total of Gain (loss) on sale of equity securities, Loss on devaluation of equity securities and Gains (losses) on equity derivatives, etc. The Bank oversees its revenue by reportable segment using Business revenue. The Bank offsets interest income and interest expense for the management purpose, therefore, revenue in transactions between reportable segments is not disclosed.
Depreciation expenses are included in the general and administrative expenses of each reportable segment, but are not disclosed as a separate item, because in the calculation process of the business profit (loss), a part of depreciation expenses is allocated to each reportable segment, aggregated with other general and administrative expenses. Therefore, depreciation expenses by reportable segment are not managed separately. The amount of depreciation expense for this period is 7,368 million yen.
Segment assets of Market & International Business Unit include investments in entities applying equity methods of 35,238 million yen.
Reconciliation between total segment amounts and the consolidated financial statements
Reconciliation between total business revenue of reportable segments and business revenue derived from the consolidated financial statement of income
(Millions of yen)
Items
FY2024 (March 31,2025)
FY2025
(March 31, 2026)
Total business revenue of reportable segments
93,170
105,434
Variances resulting from profit or loss not covered by reportable segments or differences in the basis of revenue and expense recognition and measurement
(3,147)
(3,233)
Business revenue derived from the consolidated statement of income
90,023
102,200
Reconciliation between total business profit and ordinary profit in the consolidated statement of income
(Millions of yen)
Items
FY2024 (March 31,2025)
FY2025
(March 31, 2026)
Total business profit
36,420
45,700
Variances resulting from profit or loss not covered by
reportable segments or differences in the basis of revenue and expense recognition and measurement
(9,276)
(10,444)
Amortization of actuarial differences on retirement
benefit plans, etc.
494
944
Credit-related expenses, etc.
(9,445)
(8,465)
Others
(631)
(551)
Ordinary profit in the consolidated statement of income
17,561
27,183
Notes
Credit-related expenses, etc., represent the total of write-off of loans, provision of allowance for loan losses and losses on disposition of non-performing loans.
'Variances resulting from profit or loss not covered by reportable segments or differences in the basis of revenue and expense recognition and measurement' include the amount of earnings commensurate with the degree of contribution related to funding activity of negative 3,620 million yen for the year ended March 31, 2025 and negative 3,764 million yen for the year ended March 31, 2026.
Reconciliation between total segment assets and total assets in the consolidated balance sheet
(Millions of yen)
Items
FY2024 (March 31,2025)
FY2025
(March 31, 2026)
Total segment assets
7,409,983
8,157,157
Allowance for loan losses
Assets not allocated to reportable segments
(37,809)
390,260
(33,552)
478,069
Total assets in the consolidated balance sheet
7,762,434
8,601,673
(Note)
As of March 31, 2025, assets not allocated to reportable segments include foreign exchange of 46,420 million yen, other assets of 246,738 million yen, fixed assets of 41,460 million yen and deferred tax assets of 51,583 million yen. As of March 31, 2026, assets not allocated to reportable segments include foreign exchange of 46,837 million yen, other assets of 333,060 million yen, fixed assets of 40,966 million yen and deferred tax assets of 49,790 million yen.
Reconciliation between total segment liabilities and total liabilities in the consolidated balance sheet
(Millions of yen)
Items
FY2024 (March 31,2025)
FY2025
(March 31, 2026)
Total segment liabilities
7,184,737
7,997,590
Liabilities not allocated to reportable segments
118,011
112,471
Total liabilities in the consolidated balance sheet
7,302,748
8,110,061
(Note)
As of March 31, 2025, liabilities not allocated to reportable segments include other liabilities of 81,350 million yen and retirement benefit liability of 10,353 million yen. As of March 31, 2026, liabilities not allocated to reportable segments include other liabilities of 89,516 million yen and retirement benefit liability of 9,875 million yen.
(Per share information)
FY 2024
(From April 1, 2024
to March 31, 2025)
FY 2025
(From April 1, 2025
to March 31, 2026)
Net assets per common share
3,258.51 yen
3,463.73 yen
Net income per common share
154.26 yen
185.75 yen
Diluted net income per common share
154.02 yen
185.41 yen
(Note 1) Basis of calculation for Net assets per common share is shown below.
FY 2024
(As of March 31, 2025)
FY 2025
(As of March 31, 2026)
Net assets
Millions of yen
459,685
491,611
Deductions from net assets
Millions of yen
8,768
12,296
Share acquisition rights
Millions of yen
501
626
Non-controlling interests
Millions of yen
8,267
11,669
Net assets available to common stock
Millions of yen
450,916
479,315
Number of common stock at the end of fiscal year for calculation of Net assets per share
Thousand shares
138,381
138,381
(Note 2) Basis of calculation of Net income per common share and Diluted net income per common share is shown
FY 2024
(From April 1, 2024
to March 31, 2025)
FY 2025
(From April 1, 2025
to March 31, 2026)
Net income per common share
Profit attributable to owners of parent
Millions of yen
20,518
25,705
Not available to common stockholders
Millions of yen
-
-
Profit attributable to owners of parent available to common stock
Millions of yen
20,518
25,705
Average number of common stock
Thousand
shares
133,006
138,381
Diluted net income per common share
Adjustments for profit attributable to owners of parent
Millions of yen
-
-
Number of common stock to increase
Thousand
shares
213
257
Share acquisition rights
Thousand
shares
213
257
(Material subsequent event) None
Non-consolidated financial statements
Non-consolidated balance sheet
Assets
Cash and due from banks
879,959
742,046
Cash
3,092
3,252
Due from banks
876,866
738,794
Call loans
31,782
81,283
Monetary claims bought
31,379
26,609
Trading account assets
262,803
501,566
Trading account securities derivatives for hedging
1,323
2,934
Trading account financial derivatives
261,480
498,632
Money held in trust
5,216
5,610
Securities
1,324,991
1,388,150
Government bonds
74,670
66,915
Local government bonds
17,068
82,485
Corporate bonds
103,147
93,737
Stocks
47,272
57,524
Other securities
1,082,832
1,087,488
Loans and bills discounted
3,852,978
4,084,018
Bills discounted
3,353
96
Loans on bills
1,932
956
Loans on deeds
3,678,644
3,897,518
Overdrafts
169,047
185,447
Foreign exchanges
46,420
46,837
Due from foreign banks (our accounts)
46,420
46,837
Other assets
302,413
398,147
Prepaid expenses
2,138
3,003
Accrued revenue
20,828
20,381
Margin deposits for futures transactions
962
962
Variation margins of futures markets
82
3
Financial derivatives
84,057
78,425
Cash collateral paid for financial instruments
115,437
188,781
Bond issuance costs
177
26
Other
78,729
106,563
Tangible fixed assets
21,278
21,949
Buildings, net
9,475
9,794
Land
9,235
9,235
Leased assets, net
999
786
Construction in progress
1
262
Other tangible fixed assets
1,566
1,870
Intangible fixed assets
9,004
7,500
Software
8,938
7,434
Other intangible fixed assets
66
66
Prepaid pension costs
6,651
7,894
Deferred tax assets
52,039
49,535
Customers' liabilities for acceptances and guarantees
24,711
22,218
Allowance for loan losses
(69,850)
(51,316)
Allowance for investment loss
(2,439)
(2,119)
Total assets
6,779,341
7,329,934
(Millions of yen) As of March 31, 2025 As of March 31, 2026
Liabilities
Deposits
4,681,677
4,842,262
Current deposits
38,031
41,211
Ordinary deposits
1,955,800
1,851,115
Savings deposits
47,071
44,995
Deposits at notice
385
370
Time deposits
2,567,238
2,800,381
Other deposits
73,150
104,187
Negotiable certificates of deposit
74,600
63,700
Call money
5,000
50,993
Securities sold under repurchase agreements
27,924
38,123
Cash collateral received for securities lent
345,719
375,943
Trading account liabilities
209,155
482,295
Trading account securities derivatives for hedging
250
59
Trading account financial derivatives
208,904
482,235
Borrowed money
726,300
784,400
Borrowings from other banks
726,300
784,400
Bonds payable
124,640
57,962
Other liabilities
137,532
165,951
Income taxes payable
1,184
407
Accrued expenses
8,221
13,396
Unearned revenue
239
279
Variation margins of futures markets
5
173
Financial derivatives
74,643
103,274
Cash collateral received for financial instruments
27,311
14,067
Lease liabilities
1,099
865
Asset retirement obligations
2,033
2,590
Other
22,793
30,896
Provision for bonuses
4,018
4,445
Provision for bonuses for directors (and other officers)
67
106
Provision for retirement benefits
10,187
9,816
Provision for credit losses on off-balance-sheet instruments
1,080
1,324
Acceptances and guarantees
24,711
22,218
Total liabilities
6,372,614
6,899,543
Net assets
Share capital
125,966
125,966
Capital surplus
113,483
113,483
Legal capital surplus
113,280
113,280
Other capital surplus
203
203
Retained earnings
208,631
218,707
Legal retained earnings
12,686
12,686
Other retained earnings
195,944
206,020
Retained earnings brought forward
195,944
206,020
Treasury shares
(2,894)
(2,894)
Total shareholders' equity
445,186
455,263
Valuation difference on available-for-sale securities
(39,478)
(24,953)
Deferred gains or losses on hedges
517
(545)
Total valuation and translation adjustments
(38,961)
(25,498)
Share acquisition rights
501
626
Total net assets
406,726
430,391
Total liabilities and net assets
6,779,341
7,329,934
(Millions of yen) As of March 31, 2025 As of March 31, 2026
Non-consolidated statement of income
(Millions of yen)
Fiscal year ended March 31, 2025
Fiscal year ended March 31, 2026
Ordinary income
204,228
207,531
Interest income
152,628
149,044
Interest on loans and discounts
120,465
109,479
Interest and dividends on securities
23,007
29,586
Interest on call loans
324
330
Interest income on securities purchased under resale agreements
0
0
Interest on deposits with banks
974
520
Interest income on interest rate swaps
3,977
2,685
Other interest income
3,878
6,441
Trust fees
374
466
Fees and commissions
17,950
21,365
Fees and commissions on domestic and foreign exchanges
130
152
Other fees and commissions
17,820
21,213
Gain on trading account transactions
3,621
4,824
Net gain on trading account financial derivatives
3,621
4,824
Other ordinary income
22,265
27,502
Gain on foreign exchange transactions
-
1,114
Gain on sale of bonds
3,353
3,147
Gain on redemption of bonds
79
-
Gain on financial derivatives
951
676
Other
17,880
22,564
Other income
7,387
4,326
Reversal of allowance for loan losses
-
2,460
Recoveries of written off receivables
2,432
88
Reversal of provision for credit losses on off-balance-sheet
instruments
713
-
Gain on sale of equity securities
3,833
1,238
Gain on money held in trust
70
87
Other
337
451
Ordinary expenses
190,458
185,716
Interest expenses
112,343
105,727
Interest on deposits
15,461
27,803
Interest on negotiable certificates of deposit
146
406
Interest on call money
41
405
Interest expenses on securities sold under repurchase agreements
1,518
1,367
Interest expenses on cash collateral received for securities lent
15,318
14,691
Interest on borrowings and rediscounts
2,820
5,364
Interest expenses on bonds
6,067
5,839
Interest expenses on interest rate swaps
35,011
23,969
Other interest expenses
35,958
25,880
Fees and commissions payments
2,124
1,843
Fees and commissions on domestic and foreign exchanges
125
205
Other fees and commissions
1,998
1,637
Loss on trading account transactions
560
509
Net loss on trading account securities
560
509
Other ordinary expenses
16,956
21,021
Loss on foreign exchange transactions
8,401
-
Loss on sale of bonds
1,068
11,075
Loss on redemption of bonds
137
2,323
Loss on devaluation of bonds
142
73
Amortization of bond issuance costs
188
152
Other
7,018
7,396
(Millions of yen)
Fiscal year ended March 31, 2025
Fiscal year ended March 31, 2026
General and administrative expenses
45,908
47,307
Other expenses
12,565
9,306
Provision of allowance for loan losses
5,388
-
Write-off of loans
4,610
7,322
Provision of allowance for investment loss
1,138
403
Provision of allowance for credit losses on off-balance-sheet
instruments
-
244
Loss on sale of equity securities
289
34
Loss on devaluation of equity securities
288
64
Other
850
1,237
Ordinary profit
13,769
21,814
Extraordinary income
0
0
Gain on disposal of non-current assets
0
0
Extraordinary losses
263
6
Loss on disposal of non-current assets
2
6
Impairment losses
260
-
Profit before income taxes
13,506
21,807
Income taxes - current
1,351
(93)
Income taxes - deferred
(3,543)
(353)
Total income taxes
(2,191)
(446)
Profit
15,698
22,254
Non-consolidated statement of changes in net assets For the fiscal year ended March 31, 2025
(Millions of yen)
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Legal capital surplus
Other capital surplus
Total capital surplus
Legal retained earnings
Other retained earnings
Total retained earnings
Retained earnings
brought forward
Balance at beginning of period
100,000
87,313
185
87,498
12,686
187,724
200,411
(3,015)
384,894
Changes during period
Issuance of new shares
25,966
25,966
25,966
51,933
Dividends of surplus
(7,478)
(7,478)
(7,478)
Profit
15,698
15,698
15,698
Purchase of treasury shares
(0)
(0)
Disposal of treasury shares
18
18
121
139
Net changes in items other than shareholders'
equity
Total changes during period
25,966
25,966
18
25,984
-
8,219
8,219
120
60,292
Balance at end of period
125,966
113,280
203
113,483
12,686
195,944
208,631
(2,894)
445,186
Valuation and translation adjustments
Share acquisition rights
Total net assets
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Total valuation and translation adjustments
Balance at beginning of period
(45,754)
4,332
(41,422)
532
344,004
Changes during period
Issuance of new shares
51,933
Dividends of surplus
(7,478)
Profit
15,698
Purchase of treasury shares
(0)
Disposal of treasury shares
139
Net changes in items other than
shareholders' equity
6,275
(3,814)
2,461
(31)
2,430
Total changes during period
6,275
(3,814)
2,461
(31)
62,722
Balance at end of period
(39,478)
517
(38,961)
501
406,726
For the fiscal year ended March 31, 2026
(Millions of yen)
Shareholders' equity
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Legal capital surplus
Other capital surplus
Total capital surplus
Legal retained earnings
Other retained earnings
Total retained earnings
Retained earnings brought forward
Balance at beginning of period
125,966
113,280
203
113,483
12,686
195,944
208,631
(2,894)
445,186
Changes during period
Dividends of surplus
(12,177)
(12,177)
(12,177)
Profit
22,254
22,254
22,254
Purchase of treasury shares
(0)
(0)
Disposal of treasury shares
0
0
Net changes in items other than shareholders' equity
Total changes during period
-
-
-
-
-
10,076
10,076
(0)
10,076
Balance at end of period
125,966
113,280
203
113,483
12,686
206,020
218,707
(2,894)
455,263
Valuation and translation adjustments
Share acquisition rights
Total net assets
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Total valuation and translation adjustments
Balance at beginning of period
(39,478)
517
(38,961)
501
406,726
Changes during period
Dividends of surplus
(12,177)
Profit
22,254
Purchase of treasury shares
(0)
Disposal of treasury shares
0
Net changes in items other than shareholders'
equity
14,525
(1,063)
13,462
125
13,588
Total changes during period
14,525
(1,063)
13,462
125
23,664
Balance at end of period
(24,953)
(545)
(25,498)
626
430,391
Financial Results for FY2025
【 INDEX 】
-
Overviews of the Financial Results for the Year Ended March 31, 2026 (Fiscal Year 2025)
Summary of Revenue and Expenses 【Consolidated】 １
【Non-consolidated】 ２
Profit Margins 【Non-consolidated】 ３
Business Profit 【Non-consolidated】
ROE 【Non-consolidated】
Gains (losses) on Securities Transactions 【Non-consolidated】
Investments and Funding 【Consolidated】【Non-consolidated】 ４
Unrealized Gains and Losses on Securities 【Consolidated】【Non-consolidated】 ５
Sales of Investment Trusts, etc. to Retail Customers and Related Assets under Management 【Non-consolidated】
Employees' Retirement Benefits 【Consolidated】【Non-consolidated】 ６
Capital Adequacy Ratio（under Japanese domestic standards） 【Consolidated】【Non-consolidated】 ７
-
Status of Loans, etc.
NPLs based on the Banking Act and the FRA, and coverage 【Consolidated】【Non-consolidated】 ８
Allowance for Loan Losses 【Consolidated】【Non-consolidated】 ９
Coverage for NPLs based on the FRA by Borrowers' Category 【Consolidated】 １０
Off-Balancing of NPLs based on the FRA 【Non-consolidated】 １１
Breakdown of Loans and Bills Discounted Classified by Industry 【Consolidated】 １２
NPLs : Non-performing loans
FRA : Financial Reconstruction Act
- Deferred Tax Assets １３
-
Overviews of the Financial Results for the Year Ended March 31, 2026 (Fiscal Year 2025)
-
Overviews of the Financial Results for the Year Ended March 31, 2026 (Fis cal Year 2025)
１．Summary of Revenue and Expenses
【Consolidated】
(Millions of yen)
FY2025
FY2024
(B)
(A)
(A)-(B)
Consolidated net revenue ※1
98,591
12,953
85,638
Net interest income
52,361
3,650
48,710
Net fees and commissions
31,813
7,162
24,651
Net gains on trading account transactions
4,318
1,172
3,145
Net other ordinary income
10,098
968
9,130
General and administrative expenses
(66,944)
(4,065)
(62,878)
Gains (losses) on equity method investments
2,926
660
2,265
Business profit (excluding gains/losses on stock transactions, etc.) ※2
34,573
9,549
25,024
Credit-related expenses
(8,465)
980
(9,445)
Write-off of loans
(8,198)
(1,982)
(6,215)
Net provision of specific allowance for loan losses
(2,391)
3,380
(5,771)
Net provision of general allowance for loan losses
4,256
4,589
(333)
Net provision of allowance for loans to restructuring countries
-
-
-
Loss on disposition of loans
(2,269)
(1,912)
(357)
Recoveries of written-off receivables
269
(2,220)
2,490
Net provision of allowance for credit losses on off-balance-sheet instruments
(130)
(872)
742
Gains (losses) on stock transactions
1,139
(2,116)
3,256
Other
(64)
1,208
(1,273)
Ordinary profit
27,183
9,621
17,561
Extraordinary profit (loss)
(12)
(1,836)
1,824
Profit before income taxes
27,171
7,785
19,386
Income taxes-current
(2,213)
(154)
(2,059)
Income taxes-deferred
1,639
(667)
2,307
Profit
26,597
6,963
19,634
(Profit) loss attributable to non-controlling interests
(891)
(1,776)
884
Profit attributable to owners of parent
25,705
5,186
20,518
Reference
Business profit (including gains/losses on stock transactions, etc.)
35,256
8,112
27,144
※1 Consolidated net revenue = (Interest income - Interest expenses)
+ (Trust fees + Fees and commissions - Fees and commissions payments)
+ (Gain on trading account transactions - Loss on trading account transactions)
+ (Other ordinary income - Other ordinary expenses)
※2 Business profit (excluding gains/losses on stock transactions, etc.) = Consolidated net revenue- General and administrative expenses
+ Gains (losses) on equity method investments
※3 Gains/losses on stock transactions, etc. = Gains/losses on stock transactions + Net provision of allowance for investment losses
+ Gains/losses on equity derivatives
(Note) The amounts are rounded down to the nearest million yen.
(Scope of Consolidation and Equity-Method Application） (Number of companies)
FY2025
FY2024
(B)
(A)
(A)-(B)
Consolidated subsidiaries
23
(1)
24
Subsidiaries and affiliated companies applying equity-method
1
0
1
【Non-consolidated】
(Millions of yen)
FY2025
FY2024 (B)
(A)
(A)-(B)
Net revenue
(Excluding gains (losses) on bond transactions)
74,126
84,451
9,259
21,670
64,866
62,781
Net interest income
43,340
3,044
40,296
Net fees and commissions ※1
19,988
3,787
16,201
Net gains on trading account transactions
4,315
1,254
3,060
Net other ordinary income
(Gains (losses) on bond transactions)
6,481
(10,325)
1,173
(12,410)
5,308
2,085
General and administrative expenses
(48,252)
(1,849)
(46,402)
Personnel
(24,476)
(1,124)
(23,351)
Property and equipment
(21,736)
(783)
(20,953)
Taxes
(2,038)
59
(2,098)
Business profit before provision of general allowance for loan losses
25,874
7,410
18,463
Core business profit ※2
36,199
19,821
16,378
Core business profit excluding cancellation on investment trusts
35,181
19,125
16,056
Credit-related expenses
(5,395)
1,522
(6,917)
Write-off of loans
(7,322)
(2,711)
(4,610)
Net provision of specific allowance for loan losses
(2,048)
3,256
(5,304)
Net provision of general allowance for loan losses
4,509
4,593
(84)
Net provision of allowance for loans to restructuring countries
-
-
-
Loss on disposition of loans
(377)
(312)
(64)
Recoveries of written-off receivables
88
(2,344)
2,432
Net provision of allowance for credit losses on off-balance-sheet
instruments
(244)
(957)
713
Gains (losses) on stock transactions
1,139
(2,116)
3,256
Other
195
1,229
(1,033)
Ordinary profit
21,814
8,045
13,769
Extraordinary profit (loss)
(6)
256
(262)
Profit before income taxes
21,807
8,301
13,506
Income taxes-current
93
1,444
(1,351)
Income taxes-deferred
353
(3,190)
3,543
Profit
22,254
6,555
15,698
Business profit ※3
25,630
7,250
18,379
※1 Trust fees are included.
※2 Core business profit = Business profit before provision of general allowance for loan losses - Gains (losses) on bond transactions
※3 Business profit = Net revenue - (Provision of general allowance for loan losses + Provision of allowance for credit losses on off-balance-sheet instruments
+ General and administrative expenses) (Note) The amounts are rounded down to the nearest million yen.
-
Profit Margins 【Non-consolidated】
(Total)
FY2025
FY2024
(B)
(A)
(A)-(B)
（１）Yield on total investments （Ａ）
2.52%
(0.19%)
2.71%
Yield on loans （Ｂ）
2.79%
(0.33%)
3.12%
Yield on securities
2.10%
0.37%
1.73%
（２）Rate of funding cost（including general and administrative
expenses） （Ｃ）
2.51%
(0.08%)
2.59%
Cost of deposits & certificates of deposit（including general
and administrative expenses） （Ｄ）
1.58%
0.33%
1.25%
Yield on deposits & certificates of deposit （Ｅ）
0.58%
0.27%
0.31%
Yield on borrowings
0.74%
0.31%
0.43%
（３）Profit margins （Ａ）－（Ｃ）
0.01%
(0.11%)
0.12%
（４）Loan margin （Ｂ）－（Ｄ）
1.21%
(0.66%)
1.87%
（５）Yield spread （Ｂ）－（Ｅ）
2.21%
(0.60%)
2.81%
FY2025
FY2024
(B)
(A)
(A)-(B)
（１）Yield on total investments （Ａ）
1.18%
0.37%
0.81%
Yield on loans （Ｂ）
1.58%
0.38%
1.20%
Yield on securities
1.25%
0.36%
0.89%
（２）Rate of funding cost（including general and administrative
expenses） （Ｃ）
1.37%
0.31%
1.06%
Cost of deposits & certificates of deposit（including general
and administrative expenses） （Ｄ）
1.48%
0.33%
1.15%
Yield on deposits & certificates of deposit （Ｅ）
0.52%
0.26%
0.26%
Yield on borrowings
0.71%
0.29%
0.42%
（３）Profit margins （Ａ）－（Ｃ）
(0.19%)
0.06%
(0.25%)
（４）Loan margin （Ｂ）－（Ｄ）
0.10%
0.05%
0.05%
（５）Yield spread （Ｂ）－（Ｅ）
1.06%
0.12%
0.94%
(Note) The figures are calculated in the method specified in 'Kessan Jokyohyo.' (Domestic operations）
(Note) The figures are calculated in the method specified in 'Kessan Jokyohyo.'
-
Business Profit 【Non-consolidated】 (Millions of yen)
FY2025
FY2024
(B)
(A)
(A)-(B)
Core net business profit
25,874
7,410
18,463
per employee (thousand yen)
13,282
3,895
9,386
-
ROE 【Non-consolidated】
FY2025
FY2024
(B)
(A)
(A)-(B)
Core net business profit basis
6.19%
1.27%
4.92%
Profit basis
5.32%
1.14%
4.18%
ROE= Profit
{(Total net assets at beginning of term - Share acquisition rights) + (Total net assets at end of term - Share acquisition rights)} ÷2
-
Gains (losses) on Securities Transactions 【Non-consolidated】 (Millions of yen)
FY2025
FY2024
(B)
(A)
(A)-(B)
Gains (losses) on bond transactions
(10,325)
(12,410)
2,085
Gain on sale of bonds
3,147
(206)
3,353
Gain on redemption of bonds
-
(79)
79
Loss on sale of bonds
(11,075)
(10,007)
(1,068)
Loss on redemption of bonds
(2,323)
(2,185)
(137)
Loss on devaluation of bonds
(73)
68
(142)
Gains (losses) on stock transactions
1,139
(2,116)
3,256
Gain on sale of equity securities
1,238
(2,594)
3,833
Loss on sale of equity securities
(34)
254
(289)
Loss on devaluation of equity securities
(64)
223
(288)
-
Investments and Funding
【Consolidated】
(Total) (Millions of yen)
FY2025
FY2024
(A)
(A) - (B)
(B)
Average balance
Yield
Average balance
Yield
Average balance
Yield
Total investments
6,103,917
2.48%
272,685
(0.22%)
5,831,231
2.70%
Due from banks
24,500
2.44%
(35,328)
0.60%
59,828
1.84%
Call loans and bills bought
46,705
0.70%
(6,938)
0.10%
53,644
0.60%
Securities purchased under resale agreements
8
0.58%
(0)
0.48%
9
0.10%
Cash collateral provided for securities borrowed
-
-
-
-
-
-
Securities
1,433,411
1.83%
124,564
0.12%
1,308,846
1.71%
Loans and bills discounted
4,292,611
2.79%
167,281
(0.31%)
4,125,329
3.10%
Total funding
7,187,329
1.50%
287,186
(0.12%)
6,900,143
1.62%
Deposits
5,826,780
0.51%
175,948
0.24%
5,650,831
0.27%
Negotiable certificates of deposit
64,500
0.63%
(6,260)
0.43%
70,760
0.20%
Call money and bills sold
36,979
1.09%
35,115
(1.11%)
1,863
2.20%
Securities sold under repurchase agreements
31,823
4.29%
2,529
(0.89%)
29,293
5.18%
Cash collateral received for securities lent
356,865
4.11%
46,623
(0.82%)
310,241
4.93%
Borrowed money
742,086
0.72%
79,940
0.30%
662,146
0.42%
Bonds payable
115,479
5.05%
(36,343)
1.06%
151,822
3.99%
【Non-consolidated】
(Total) (Millions of yen)
FY2025
FY2024
(A)
(A) - (B)
(B)
Average balance
Yield
Average balance
Yield
Average balance
Yield
Total investments
5,715,615
2.52%
165,684
(0.19%)
5,549,931
2.71%
Due from banks
12,775
4.07%
(7,032)
(0.85%)
19,808
4.92%
Call loans
46,705
0.70%
(6,171)
0.09%
52,877
0.61%
Securities purchased under resale agreements
8
0.58%
(0)
0.48%
9
0.10%
Cash collateral provided for securities borrowed
-
-
-
-
-
-
Securities
1,402,746
2.10%
78,569
0.37%
1,324,177
1.73%
Loans and bills discounted
3,972,632
2.75%
77,048
(0.34%)
3,895,584
3.09%
Total funding
6,096,874
1.73%
(17,583)
(0.10%)
6,114,458
1.83%
Deposits
4,736,325
0.58%
(128,821)
0.27%
4,865,146
0.31%
Negotiable certificates of deposit
64,500
0.63%
(6,260)
0.43%
70,760
0.20%
Call money
36,979
1.09%
35,115
(1.11%)
1,863
2.20%
Securities sold under repurchase agreements
31,823
4.29%
2,529
(0.89%)
29,293
5.18%
Cash collateral received for securities lent
356,865
4.11%
46,623
(0.82%)
310,241
4.93%
Borrowed money
742,086
0.72%
79,940
0.30%
662,146
0.42%
Bonds payable
115,479
5.05%
(36,343)
1.06%
151,822
3.99%
(Domestic operations) (Millions of yen)
FY2025
FY2024
(A)
(A) - (B)
(B)
Average balance
Yield
Average balance
Yield
Average balance
Yield
Total investments
5,084,660
1.18%
138,688
0.37%
4,945,972
0.81%
Due from banks
219
0.44%
(0)
0.41%
219
0.03%
Call loans
45,076
0.64%
(3,608)
0.34%
48,684
0.30%
Securities purchased under resale agreements
8
0.58%
(0)
0.48%
9
0.10%
Cash collateral provided for securities borrowed
-
-
-
-
-
-
Securities
460,467
1.25%
38,506
0.36%
421,960
0.89%
Loans and bills discounted
2,645,923
1.58%
210,866
0.38%
2,435,057
1.20%
Total funding
5,507,573
0.55%
(57,285)
0.27%
5,564,858
0.28%
Deposits
4,653,897
0.52%
(147,584)
0.26%
4,801,481
0.26%
Negotiable certificates of deposit
64,500
0.63%
(6,260)
0.43%
70,760
0.20%
Call money
32,426
0.63%
31,339
0.39%
1,086
0.24%
Securities sold under repurchase agreements
-
-
-
-
-
-
Cash collateral received for securities lent
-
-
-
-
-
-
Borrowed money
742,081
0.72%
79,941
0.30%
662,140
0.42%
Bonds payable
15,452
0.40%
(8,986)
0.07%
24,438
0.33%
-
Unrealized Gains and Losses on Securities
【Consolidated】 (Millions of yen)
March 31, 2026
March 31, 2025
Unrealized gains and losses
Unrealized gains and losses
gains
losses
(B)
gains
losses
(A)
(A)-(B)
Held-to-maturity bonds
-
-
-
-
-
-
-
Available-for-sale securities
(36,623)
17,974
32,037
68,661
(54,598)
22,874
77,473
Japanese stocks
18,599
6,022
18,720
120
12,576
13,044
468
Japanese debt securities
(8,669)
(2,019)
150
8,819
(6,649)
205
6,855
Other
(46,554)
13,971
13,166
59,720
(60,525)
9,624
70,149
(Note) A portion of beneficial interests in investment trust within 'Monetary claims bought' is included in the table above.
【Non-consolidated】 (Millions of yen)
March 31, 2026
March 31, 2025
Unrealized gains and losses
Unrealized gains and losses
gains
losses
(B)
gains
losses
(A)
(A)-(B)
Held-to-maturity bonds
-
-
-
-
-
-
-
Available-for-sale securities
(36,559)
17,909
32,036
68,596
(54,468)
22,871
77,340
Japanese stocks
18,599
6,022
18,720
120
12,576
13,044
468
Japanese debt securities
(8,604)
(2,084)
150
8,754
(6,519)
202
6,721
Other
(46,554)
13,971
13,166
59,720
(60,525)
9,624
70,149
(Note) A portion of beneficial interests in investment trust within 'Monetary claims bought' is included in the table above.
-
Sales of Investment Trusts, etc. to Retail Customers and Related Assets under Management 【Non-consolidated】
(Billions of yen)
FY2025
FY2024
(B)
(A)
(A)-(B)
Sales of investment trusts ,etc.
169.8
63.7
106.0
(Note) The sales amount of financial instruments brokerage consigned by Daiwa Securities Co., Ltd. based on the business alliance with Daiwa Securities Group is included.
Assets under management of
investment trusts ,etc.
349.7
60.6
289.0
(Note) The balance of brokerage accounts for financial instruments intermediation services consigned by Daiwa Securities Co., Ltd. based on the business alliance with Daiwa Securities Group is included.
-
Employees' Retirement Benefits
① Provision for retirement benefits
【Consolidated】 (Millions of yen)
March 31, 2026
March 31, 2025 (B)
(A)
(A) - (B)
Defined retirement benefit obligation
(A)
(32,069)
3,180
(35,250)
Fair value of plan assets
(B)
34,513
185
34,327
Unfunded retirement benefit obligation
(C)=(A)+(B)
2,443
3,366
(922)
Retirement benefit asset
(D)
12,319
2,889
9,430
Retirement benefit liability
(C)-(D)
(9,875)
477
(10,353)
Unrecognized actuarial losses
(E)
5,274
1,935
3,338
Unrecognized prior-service cost
(F)
-
-
-
Remeasurements of defined benefit plans (before income tax effect)
(E)+(F)
5,274
1,935
3,338
【Non-consolidated】 (Millions of yen)
March 31, 2026
March 31, 2025 (B)
(A)
(A) - (B)
Defined retirement benefit obligation
(A)
(31,161)
3,362
(34,524)
Fair value of plan assets
(B)
34,513
185
34,327
Unfunded retirement benefit obligation
(C)=(A)+(B)
3,351
3,548
(196)
Unrecognized actuarial losses
(D)
(5,274)
(1,935)
(3,338)
Unrecognized prior-service cost
(E)
-
-
-
Net liability recognized
(F)=(C)+(D)+(E)
(1,922)
1,613
(3,535)
Prepaid pension costs
(G)
7,894
1,242
6,651
Provision for retirement benefits
(F)-(G)
(9,816)
370
(10,187)
② Net periodic retirement benefit costs
【Consolidated】 (Millions of yen)
FY2025
FY2024 (B)
(A)
(A) - (B)
Net periodic retirement benefit costs regarding defined benefit pension plans
185
(287)
473
【Non-consolidated】 (Millions of yen)
FY2025
FY2024 (B)
(A)
(A) - (B)
Net periodic retirement benefit costs
0
(294)
295
Service cost
1,180
(105)
1,285
Interest cost
646
202
443
Expected return on plan assets
(858)
40
(898)
Amortization of prior-service cost
-
-
-
Recognized actuarial losses
(990)
(454)
(535)
Other
22
22
-
- Capital Adequacy Ratio (under Japanese domestic standards)
■Basel Ⅲ
【Consolidated】 (Millions of yen)
March 31, 2026 | March 31, 2025 (B) | September 30, 2025 (C) | |||
preliminary (A) | (A) - (B) | (A) - (C) | |||
(1) Capital adequacy ratio (4)/(5) | 10.87% | 0.15% | 0.43% | 10.72% | 10.44% |
(2) Core capital: instruments and reserves | 529,256 | (480) | (1,539) | 529,736 | 530,795 |
(3) Core capital: regulatory adjustments | 45,230 | 3,747 | 2,234 | 41,483 | 42,995 |
(4) Regulatory capital (2)-(3) | 484,026 | (4,227) | (3,773) | 488,253 | 487,800 |
(5) Risk-weighted assets | 4,450,951 | (102,863) | (221,233) | 4,553,814 | 4,672,184 |
(6) Total required capital (5)*4% | 178,038 | (4,114) | (8,849) | 182,152 | 186,887 |
【Non-consolidated】 (Millions of yen)
March 31, 2026 | March 31, 2025 (B) | September 30, 2025 (C) | |||
preliminary (A) | (A) - (B) | (A) - (C) | |||
(1) Capital adequacy ratio (4)/(5) | 10.17% | 0.03% | 0.26% | 10.14% | 9.91% |
(2) Core capital: instruments and reserves | 475,016 | (5,701) | (9,933) | 480,717 | 484,949 |
(3) Core capital: regulatory adjustments | 29,453 | 2,383 | 267 | 27,070 | 29,186 |
(4) Regulatory capital (2)-(3) | 445,562 | (8,084) | (10,201) | 453,646 | 455,763 |
(5) Risk-weighted assets | 4,379,607 | (91,194) | (215,084) | 4,470,802 | 4,594,692 |
(6) Total required capital (5)*4% | 175,184 | (3,647) | (8,603) | 178,832 | 183,787 |
The 'Composition of Capital Disclosure' is available on our website at
https://www.aozorabank.co.jp/english/ir/library/results/
-
Status of Loans, etc.
NPLs : Non-performing loans
FRA : Financial Reconstruction Act
-
NPLs based on the Banking Act and the FRA, and coverage
After partial and direct write-off
【Consolidated】 (Millions of yen)
March 31, 2026
March 31, 2025
(B)
September 30, 2025
(C)
(A)
(A) - (B)
(A) - (C)
Bankrupt and similar credit
437
437
43
-
393
Doubtful credit
45,702
(30,538)
(4,355)
76,241
50,057
Special attention credit
9,058
(6,413)
(6,645)
15,472
15,703
Loans overdue for three months or more
-
(6,088)
(3,474)
6,088
3,474
Restructured loans
9,058
(325)
(3,170)
9,383
12,228
Subtotal (a)
55,197
(36,515)
(10,957)
91,713
66,155
Normal credit
4,495,823
319,628
331,290
4,176,195
4,164,532
Total credit (b)
4,551,021
283,113
320,333
4,267,908
4,230,688
NPL ratio (a/b)
1.2%
(0.9%)
(0.4%)
2.1%
1.6%
March 31, 2026
March 31, 2025
(B)
September 30, 2025
(C)
(A)
(A) - (B)
(A) - (C)
Allowance & Coverage (c)
50,249
(33,796)
(6,458)
84,045
56,708
Allowance for loan losses (d)
23,531
(18,117)
(4,925)
41,648
28,457
Collateral / guarantee coverage (e)
26,718
(15,679)
(1,532)
42,397
28,250
Coverage ratio (c/a)
91.0%
(0.6%)
5.3%
91.6%
85.7%
Allowance ratio (d/(a-e))
82.6%
(1.9%)
7.5%
84.5%
75.1%
（Note）Allowance for loan losses (d) is the sum of specific allowance and general allowance for NPL credit (a).
After partial and direct write-off
【Non-consolidated】 (Millions of yen)
March 31, 2026
March 31, 2025
(B)
September 30, 2025
(C)
(A)
(A) - (B)
(A) - (C)
Bankrupt and similar credit
437
437
43
-
393
Doubtful credit
44,779
(30,779)
(4,455)
75,558
49,234
Special attention credit
8,926
(6,487)
(6,703)
15,413
15,630
Loans overdue for three months or more
-
(6,088)
(3,474)
6,088
3,474
Restructured loans
8,926
(398)
(3,228)
9,325
12,155
Subtotal (a)
54,142
(36,829)
(11,115)
90,972
65,258
Normal credit
4,103,621
269,016
159,447
3,834,605
3,944,174
Total credit (b)
4,157,764
232,186
148,331
3,925,578
4,009,433
NPL ratio (a/b)
1.3%
(1.0%)
(0.3%)
2.3%
1.6%
March 31, 2026
March 31, 2025
(B)
September 30, 2025
(C)
(A)
(A) - (B)
(A) - (C)
Allowance & Coverage (c)
49,265
(34,068)
(6,582)
83,333
55,847
Allowance for loan losses (d)
22,613
(18,378)
(4,983)
40,991
27,597
Collateral / guarantee coverage (e)
26,652
(15,689)
(1,598)
42,341
28,250
Coverage ratio (c/a)
91.0%
(0.6%)
5.4%
91.6%
85.6%
Allowance ratio (d/(a-e))
82.3%
(2.0%)
7.7%
84.3%
74.6%
（Note）Allowance for loan losses (d) is the sum of specific allowance and general allowance for NPL credit (a).
-
Allowance for Loan Losses
After partial and direct write-off
【Consolidated】 (Millions of yen)
March 31, 2026
March 31, 2025
(B)
September 30, 2025
(C)
(A)
(A) - (B)
(A) - (C)
Allowance for loan losses
52,974
(18,051)
(4,351)
71,025
57,326
General allowance
33,552
(4,256)
(1,572)
37,809
35,125
Specific allowance
19,421
(13,795)
(2,779)
33,216
22,200
Allowance for loans to restructuring countries
-
-
-
-
-
After partial and direct write-off
【Non-consolidated】 (Millions of yen)
March 31, 2026 | March 31, 2025 (B) | September 30, 2025 (C) | ||||
(A) | (A) - (B) | (A) - (C) | ||||
Allowance for loan losses | 51,316 | (18,533) | (4,566) | 69,850 | 55,882 | |
General allowance | 32,752 | (4,509) | (1,753) | 37,261 | 34,505 | |
Specific allowance | 18,564 | (14,024) | (2,813) | 32,589 | 21,377 | |
Allowance for loans to restructuring countries | - | - | - | - | - | |