Financial Highlights
FY2025 Interim Financial Highlights
- Domestic earning assets*1 increased by approximately 220 billion yen compared to March 31, 2025, mainly driven by our Strategic Investments Business
- Net revenue and net earnings both made strong progress towards the earnings forecasts, driven by growth in domestic net interest income and non-interest income
- Net revenue
- 52.1
billion yen
(10.6 billion yen increase year-on-year, progress rate: 55%)
- Business-related
profit*2 - 21.3
billion yen
(7.2 billion yen increase year-on-year, progress rate: 61%)
- Profit attributable to
owners
of parent - 13.6
billion yen
(1.6 billion yen increase year-on-year, progress rate: 62%)
- 2Q dividend
- 22
yen / share
(+3 yen yoy)
(Full-year dividend forecast: 88 yen / share)
-
Business updates
Strategic Investments Business
- Domestic earning assets expanded mainly in corporate loans and LBO finance
- Non-interest income increased significantly mainly due to the strong performance of LBO finance as well as fund investments
Alliance with Daiwa Securities Group
- The overall positive impact of the alliance was approximately 1.2 billion yen on a business profit basis in 1H of FY2025. In our corporate business, the financing amount totaled approximately 124 billion yen as the alliance began producing results in a range of areas. In our retail business, we began the sale of Daiwa’s fund wraps in October, and reached the planned AUM of 15 billion yen for FY2025 in just one month
GMO Aozora Net Bank
- Net revenue increased, exceeding its plan, mainly driven by fee income. Its net income for the interim period turned positive for the first time
-
For the status of progress, please refer to our presentation material: "FY2025 Interim Financial Results and Progress on the Mid-term Plan."
- Total of loans and securities (excluding loans to the government, government bonds, etc.)
- Business profit + Gains/losses on stock transactions, etc. (Gains/losses on stock transactions, etc. = Gains/losses on stock transactions + Provisions of allowance for investment loss + Gains/losses on equity derivatives)
Financial highlights
Net revenue
Negative figures are not displayed in this graph. For actual figures, please refer to the table below.
(billion yen)
|
FY2021 |
FY2022 |
FY2023 |
FY2024 |
FY2025 |
|
|---|---|---|---|---|---|
|
1Q |
26.7 |
21.4 |
17.7 |
20.7 |
23.8 |
|
2Q |
52.4 |
43.3 |
44.5 |
41.4 |
52.1 |
|
3Q |
79.3 |
55.2 |
60.6 |
62.7 |
- |
|
Full-year |
103.0 |
59.5 |
50.9 |
85.6 |
- |
Business profit
- Negative figures are not displayed in this graph. For actual figures, please refer to the table below.
(billion yen)
|
FY2021 |
FY2022 |
FY2023 |
FY2024 |
FY2025 |
|
|---|---|---|---|---|---|
|
1Q |
13.4 |
7.3 |
3.1 |
6.4 |
8.6 |
|
2Q |
25.7 |
15.0 |
15.6 |
12.3 |
21.0 |
|
3Q |
38.8 |
12.9 |
17.2 |
17.9 |
- |
|
Full-year |
47.8 |
2.5 |
-8.5 |
25.0 |
- |
Ordinary profit
- Negative figures are not displayed in this graph. For actual figures, please refer to the table below.
(billion yen)
|
FY2021 |
FY2022 |
FY2023 |
FY2024 |
FY2025 |
|
|---|---|---|---|---|---|
|
1Q |
15.6 |
11.3 |
7.3 |
5.8 |
8.0 |
|
2Q |
26.4 |
20.4 |
14.3 |
9.9 |
15.3 |
|
3Q |
38.7 |
18.4 |
-24.8 |
13.2 |
- |
|
Full-year |
46.2 |
7.3 |
-54.8 |
17.5 |
- |
Profit attributable to owners of parent
- Negative figures are not displayed in this graph. For actual figures, please refer to the table below.
(billion yen)
|
FY2021 |
FY2022 |
FY2023 |
FY2024 |
FY2025 |
|
|---|---|---|---|---|---|
|
1Q |
11.5 |
8.3 |
6.7 |
7.5 |
6.3 |
|
2Q |
19.4 |
15.3 |
12.0 |
11.9 |
13.6 |
|
3Q |
28.5 |
15.7 |
-14.7 |
16.2 |
- |
|
Full-year |
35.0 |
8.7 |
-49.9 |
20.5 |
- |
Total assets, loans, deposits
(billion yen)
|
Mar. 2022 |
Mar. 2023 |
Mar. 2024 |
Mar. 2025 |
Sep. 2025 |
|
|---|---|---|---|---|---|
|
Deposits / |
4,871.5 |
5,497.3 |
5,776.3 |
5,672.9 |
5,898.7 |
|
Loans and bills discounted |
3,317.1 |
3,881.3 |
4,071.2 |
4,206.5 |
4,163.1 |
|
Total assets |
6,728.6 |
7,184.0 |
7,603.0 |
7,762.4 |
8,165.5 |
- The point of time (month-year) in the table represents the end of each month.
Capital adequacy ratio*
(billion yen)
|
Mar. 2022 |
Mar. 2023 |
Mar. 2024 |
Mar. 2025 |
Sep. 2025 |
|
|---|---|---|---|---|---|
|
Capital |
10.37% |
9.43% |
9.23% |
10.72% |
10.44% |
|
Regulatory |
500.3 |
490.0 |
429.0 |
488.2 |
487.8 |
- * Basel 3, Domestic standard. Sep. 2025: Preliminary basis
- The point of time (month-year) in the table represents the end of each month.
PL summary
(billion yen)
|
FY2021 |
FY2022 |
FY2023 |
FY2024 |
FY2025 |
||||
|---|---|---|---|---|---|---|---|---|
|
1Q |
Interim |
|||||||
|
Net revenue |
103.0 |
59.5 |
50.9 |
85.6 |
23.8 |
52.1 |
||
|
Net interest income |
51.6 |
51.0 |
42.0 |
48.7 |
11.6 |
24.3 |
||
|
Non-interest income |
51.3 |
8.4 |
8.8 |
36.9 |
12.1 |
27.8 |
||
|
Net fees and commissions |
14.0 |
13.3 |
20.4 |
24.6 |
6.6 |
15.7 |
||
|
Net trading revenues |
16.6 |
4.1 |
1.6 |
3.1 |
0.2 |
1.5 |
||
|
Net other ordinary income |
20.7 |
-9.0 |
-13.2 |
9.1 |
5.3 |
10.5 |
||
|
General & administrative expenses |
-57.7 |
-59.3 |
-61.8 |
-62.8 |
-15.7 |
-32.1 |
||
|
Gains/losses on equity |
2.6 |
2.3 |
2.3 |
2.2 |
0.5 |
1.0 |
||
|
Business profit |
47.8 |
2.5 |
-8.5 |
25.0 |
8.6 |
21.0 |
||
|
Credit-related expenses |
-3.7 |
-1.7 |
-46.9 |
-9.4 |
-1.1 |
-6.0 |
||
|
Gains/losses on stock transactions |
2.0 |
8.4 |
1.6 |
3.2 |
0.6 |
0.5 |
||
|
Ordinary profit |
46.2 |
7.3 |
-54.8 |
17.5 |
8.0 |
15.3 |
||
|
Extraordinary profit/loss |
-0.3 |
-0.0 |
1.6 |
1.8 |
-0.0 |
-0.0 |
||
|
Profit before income taxes |
45.9 |
7.3 |
-53.1 |
19.3 |
8.0 |
15.3 |
||
|
Taxes |
-12.9 |
-0.6 |
1.4 |
0.2 |
-1.6 |
-1.6 |
||
|
Profit/loss attributable to non-controlling interests |
1.9 |
2.0 |
1.8 |
0.8 |
-0.0 |
-0.1 |
||
|
Profit attributable to owners of parent |
35.0 |
8.7 |
-49.9 |
20.5 |
6.3 |
13.6 |
||
Balance sheet summary
(billion yen)
|
Mar. 2022 |
Mar. 2023 |
Mar. 2024 |
Mar. 2025 |
Sep. 2025 |
||
|---|---|---|---|---|---|---|
|
Total assets |
6,728.6 |
7,184.0 |
7,603.0 |
7,762.4 |
8,165.5 |
|
|
Including Loans and bills discounted |
3,317.1 |
3,881.3 |
4,071.2 |
4,206.5 |
4,163.1 |
|
|
Including Securities |
1,478.1 |
1,278.7 |
1,186.5 |
1,355.4 |
1,401.8 |
|
|
Including Cash and due from banks |
1,141.9 |
1,275.0 |
1,579.7 |
1,409.3 |
1,710.7 |
|
|
Including Trading assets |
133.0 |
151.2 |
173.7 |
262.8 |
295.9 |
|
|
Total liabilities |
6,241.3 |
6,752.9 |
7,211.9 |
7,302.7 |
7,692.2 |
|
|
Including Deposits / |
4,871.5 |
5,497.3 |
5,776.3 |
5,672.9 |
5,898.7 |
|
|
Including Bonds payable |
168.9 |
147.7 |
181.3 |
124.6 |
124.1 |
|
|
Including Borrowed money |
432.3 |
525.6 |
563.3 |
726.3 |
740.1 |
|
|
Including Cash collateral received for securities lent |
356.9 |
215.9 |
260.6 |
345.7 |
351.9 |
|
|
Including Trading account liabilities |
129.2 |
121.8 |
165.0 |
209.1 |
272.8 |
|
|
Total net assets |
487.2 |
431.1 |
391.0 |
459.6 |
473.3 |
|
|
Total liabilities and net assets |
6,728.6 |
7,184.0 |
7,603.0 |
7,762.4 |
8,165.5 |
|
- The point of time (month-year) in the table represents the end of each month.
Results by business segment*
- Business revenue (total of net revenue, gains/losses on equity method investments and stock transactions, etc.; management accounting basis)
- Figures for 2Q include all results starting from 1Q up through 2Q, and figures for 3Q include all results starting from 1Q up through 3Q.
- Figures are rounded down to the nearest specified unit and ratios are rounded off to two decimal places.