Iyogin Holdings raised its forecast for the year to March 2027 on 6 November, citing domestic interest rates. In its notice revising consolidated earnings guidance, the Ehime-based group said its subsidiary Iyo Bank now expects loan interest and securities interest and dividends to come in above the original plan.
What moved
The group now forecasts ordinary profit of ¥115.5bn, up from ¥111.0bn in its 8 May forecast. Net profit attributable to owners of the parent is guided to ¥80.0bn from ¥77.0bn, and ordinary revenue to ¥298.0bn from ¥270.0bn. The increases are 4.1%, 3.9% and 10.4%.
For Iyo Bank alone, the ordinary profit forecast rises to ¥113.0bn from ¥108.5bn, and net profit to ¥78.5bn from ¥75.0bn. These bank-only figures are separate from the consolidated ones. The notice does not split the increase between loans and securities.
The first-half evidence
The half-year results published the same day show the same mechanism. For April to September, consolidated loan interest income was ¥53.0bn against ¥45.9bn a year earlier, and interest and dividends on securities were ¥27.2bn against ¥26.3bn. Ordinary profit rose 21.3% to ¥67.0bn. Net profit rose 8.0% to ¥46.7bn.
The cost side moved too. Deposit interest expense rose to ¥15.6bn from ¥10.5bn, so higher rates are also raising funding costs.
Caveats
The revised figures are forecasts, and the company says actual results may differ. The half-year report leaves the full-year dividend forecast unchanged at ¥80 a share, including the ¥40 interim payment.