Shizuoka Financial, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 2%, Exceeded Record Profit Forecast, Dividend Revised Upward by 2 Yen

Shizuoka Financial Group,Inc. <5831> [TSE Prime] announced its financial results after the market closed on February 12th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 98.3 billion yen, an increase 32.3% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 2.4%, from the previous forecast of 124 billion yen to 127 billion yen (compared to 102 billion yen in the previous period), increasing the growth rate from 21.5% to 24.4%. The company has further increased its previous forecast of record profits for the first time in two years.

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 5.2%, from the previous forecast of 58.0 billion yen to 61.0 billion yen (compared to 52.1 billion yen in the same period of the previous year), increasing the growth rate from 11.2% to 17.0%.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 78 yen to 80 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit increased 32.6% from the same period last year, reaching 32.4 billion yen.

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