Kyoto Financial Group,Inc. <5844> rebounded. After trading closed on the 2nd, the company announced it had formulated a medium-term management plan with the fiscal year ending March 2029 as the final year. The company raised its target for reducing policy shareholdings from the second half of the fiscal year ending March 2025 through the fiscal year ending March 2029 from the previous market value of over \100 billion to over \300 billion. This means a reduction of over \120 billion will be achieved during the three years from this fiscal year through the fiscal year ending March 2029. The profits realized will be utilized for venture investments and inorganic investments for the company's own growth, attracting buying interest as positive news.

The company had previously disclosed new strategic targets after achieving the key indicators of its medium-term management plan, which had the following fiscal year as the final year, ahead of schedule in the fiscal year ending March 2025. In the newly announced medium-term management plan, the company revised its net profit target for the fiscal year ending March 2029 from the previous \60 billion to over \90 billion (forecast of \95 billion for the fiscal year ending March 2026). Additionally, regarding the target to implement over \100 billion in growth investments, centered on venture investments, cumulatively from the second half of the fiscal year ending March 2025, the company moved the achievement period forward by two fiscal years to be completed by the fiscal year ending March 2029.

Source: MINKABU PRESS