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Bank of Iwate extends gains for third day on comprehensive partnership with Daiwa Securities, raises asset custody target to \1 trillion◇

Tue Apr 7, 2026 10:31 am JST Catalyst

Shares of Bank of Iwate <8345> extended their gains for a third consecutive session. After the market close on the 6th, the bank announced the commencement of operations under its comprehensive business alliance with Daiwa Securities, a subsidiary of Daiwa Securities Group <8601>.

Prior to this, on March 30, the bank unveiled its new medium-term management plan. As part of its long-term financial targets, the bank raised its net income goal for fiscal 2032 to \18 billion or more (up from \10 billion), and its ROE (return on equity) target to 7.5% or higher (up from 5%). It also aims to achieve an ROE of at least 9% by fiscal 2035.

The medium-term plan outlines strategies to expand revenue from core deposit and lending operations in anticipation of a prolonged rising interest rate environment. Furthermore, the bank plans to strategically accumulate risk assets by focusing on highly profitable small and medium-sized enterprises (SMEs) and structured finance projects that contribute to regional economic growth.

Coupled with these proactive measures, expectations are mounting that the collaboration with a major brokerage will significantly bolster the bank's sales capabilities. Providing further support for the stock price, Bank of Iwate also disclosed that it has raised its AUM (Assets Under Management) target under the Daiwa Securities partnership from an initial \850 billion to an ambitious \1 trillion.

(Note) The "◇" symbol at the end of a title indicates an article referencing multiple securities.

Source：MINKABU PRESS

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