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Bank of Nagoya, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 24%, Raises Record High Profit Forecast

Fri Feb 6, 2026 2:40 pm JST Earnings

8522 The Bank of Nagoya, Ltd. 【J-GAAP】

Earnings Report

The Bank of Nagoya, Ltd. <8522> [TSE Prime] announced its financial results in the afternoon session on February 6th (14:40). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 23.1 billion yen, an increase 36.3% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 23.5%, from the previous forecast of 21.7 billion yen to 26.8 billion yen (compared to 20.8 billion yen in the previous period), increasing the growth rate from 3.8% to 28.2%, further surpassing the previous forecast of record-high profits for two consecutive terms.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) is expected to increase 56.9%, from the previous forecast of 8.96 billion yen to 14.0 billion yen (compared to 10.5 billion yen in the same period of the previous year), turning to a 32.7% increase in the consolidated ordinary profit outlook.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 55.8% from the same period last year, reaching 10.4 billion yen.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 79,561 ー 11,316 7,898 155.2 78.0 Feb 7, 2024 J-GAAP
Apr - Dec, 2024 75,970 ー 17,016 12,165 246.7 81.4 Feb 7, 2025 J-GAAP
Apr - Dec, 2025 92,943 ー 23,197 17,060 346.8 86.6 Feb 6, 2026 J-GAAP
YoY +22.3% － +36.3% +40.2% +40.6%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 52,595 ー 8,962 6,055 123.1 50 Nov 14, 2025 J-GAAP
Oct - Mar, 2025 New 61,995 ー 14,062 10,255 208.5 50 Feb 6, 2026 J-GAAP
Revision Rate +17.9% － +56.9% +69.4% +69.4%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 113,000 ー 21,700 15,200 309.0 100 May 13, 2025 J-GAAP
Mar, 2026 New 122,400 ー 26,800 19,400 394.3 100 Feb 6, 2026 J-GAAP
Revision Rate +8.3% － +23.5% +27.6% +27.6%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 54,407 ー 10,598 7,221 146.5 53.33 May 13, 2025 J-GAAP
Oct - Mar, 2025 Guidance 61,995 ー 14,062 10,255 208.5 50 Feb 6, 2026 J-GAAP
YoY +13.9% － +32.7% +42.0% +42.3%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 101,276 ー 14,513 10,036 198.0 60 May 14, 2024 J-GAAP
Mar, 2025 102,788 ー 20,899 14,730 298.9 90 May 13, 2025 J-GAAP
Mar, 2026 Guidance 122,400 ー 26,800 19,400 394.3 100 Feb 6, 2026 J-GAAP
YoY +19.1% － +28.2% +31.7% +31.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 27,589 ー 6,715 4,656 94.4 0.0 Feb 7, 2025 J-GAAP
Jan - Mar, 2025 26,818 ー 3,883 2,565 52.1 0.0 May 13, 2025 J-GAAP
Apr - Jun, 2025 30,745 ー 7,313 5,235 106.5 0.0 Aug 6, 2025 J-GAAP
Jul - Sep, 2025 29,660 ー 5,425 3,910 79.5 0.0 Nov 14, 2025 J-GAAP
Oct - Dec, 2025 32,538 ー 10,459 7,915 160.9 0.0 Feb 6, 2026 J-GAAP
YoY +17.9% － +55.8% +70.0% +70.4%

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