Financial Highlights
FY2025 1st Quarter Financial Highlights
- An active domestic M&A market contributed to strong 1Q results, getting our Mid-term Plan off to a strong start
- Domestic earning assets*1 increased by approximately 120 billion yen, mainly in our Strategic Investments Business, compared to March 31, 2025
- Net revenue
- 23.8
billion yen
(3.0 billion yen increase year-on-year, progress rate: 25%)
- Business-related
profit*2 - 9.1
billion yen
(2.0 billion yen increase year-on-year, progress rate: 26%)
- Profit attributable to
owners
of parent - 6.3
billion yen
(1.2 billion yen decrease year-on-year, progress rate: 29%)
- 1Q dividend
- 22
yen / share
(+3 yen yoy)
(Full-year dividend forecast 88 yen / share (+9 yen vs. FY2024))
-
Business updates
Strategic Investments Business
- Achieved strong performance mainly in LBO finance. Non-interest income such as loan-related fee income and gains/losses from limited partnerships also increased
- Domestic loan outstandings increased, mainly in corporate loans, which in part reflected the benefits of our alliance with Daiwa Securities Group
GMO Aozora Net Bank (GANB)
- The number of corporate accounts exceeded 200,000 and deposit balances reached over 1 trillion yen. Achieved positive net income in 1Q due to strong growth in fee income
-
Mid-term Plan “Aozora 2027” KPIs
|
Profit attributable to owners of parent |
ROE |
CET1 ratio |
Earning assets |
Impact of alliance with Daiwa |
|
|---|---|---|---|---|---|
|
FY2025 1Q results |
6.3 bn yen / 22.0 bn yen |
5.6% |
(To be disclosed in mid-August) |
4.5 tn yen |
(To be disclosed at the time of interim results) |
|
FY2027 plan |
33.0 bn yen |
Approx. 7% |
8% or higher |
5.5 tn yen |
+10 bn yen |
- 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 |
- |
|
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 |
- |
|
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 |
- |
|
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 |
- |
|
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 |
Jun. 2025 |
|
|---|---|---|---|---|---|
|
Deposits / |
4,871.5 |
5,497.3 |
5,776.3 |
5,672.9 |
5,776.1 |
|
Loans and bills discounted |
3,317.1 |
3,881.3 |
4,071.2 |
4,206.5 |
4,085.4 |
|
Total assets |
6,728.6 |
7,184.0 |
7,603.0 |
7,762.4 |
7,879.4 |
- The point of time (month-year) in the table represents the end of each month.
Capital adequacy ratio*
(billion yen)
|
Mar. 2021 |
Mar. 2022 |
Mar. 2023 |
Mar. 2024 |
Mar. 2025 |
|
|---|---|---|---|---|---|
|
Capital |
11.03% |
10.37% |
9.43% |
9.23% |
10.72% |
|
Regulatory |
481.5 |
500.3 |
490.0 |
429.0 |
488.2 |
- * Basel 3, Domestic standard
- 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 |
|||||||
|
Net revenue |
103.0 |
59.5 |
50.9 |
85.6 |
23.8 |
||
|
Net interest income |
51.6 |
51.0 |
42.0 |
48.7 |
11.6 |
||
|
Non-interest income |
51.3 |
8.4 |
8.8 |
36.9 |
12.1 |
||
|
Net fees and commissions |
14.0 |
13.3 |
20.4 |
24.6 |
6.6 |
||
|
Net trading revenues |
16.6 |
4.1 |
1.6 |
3.1 |
0.2 |
||
|
Net other ordinary income |
20.7 |
-9.0 |
-13.2 |
9.1 |
5.3 |
||
|
General & administrative expenses |
-57.7 |
-59.3 |
-61.8 |
-62.8 |
-15.7 |
||
|
Gains/losses on equity |
2.6 |
2.3 |
2.3 |
2.2 |
0.5 |
||
|
Business profit |
47.8 |
2.5 |
-8.5 |
25.0 |
8.6 |
||
|
Credit-related expenses |
-3.7 |
-1.7 |
-46.9 |
-9.4 |
-1.1 |
||
|
Gains/losses on stock transactions |
2.0 |
8.4 |
1.6 |
3.2 |
0.6 |
||
|
Ordinary profit |
46.2 |
7.3 |
-54.8 |
17.5 |
8.0 |
||
|
Extraordinary profit/loss |
-0.3 |
-0.0 |
1.6 |
1.8 |
-0.0 |
||
|
Profit before income taxes |
45.9 |
7.3 |
-53.1 |
19.3 |
8.0 |
||
|
Taxes |
-12.9 |
-0.6 |
1.4 |
0.2 |
-1.6 |
||
|
Gains/losses attributable to non-controlling interests |
1.9 |
2.0 |
1.8 |
0.8 |
-0.0 |
||
|
Profit attributable to owners of parent |
35.0 |
8.7 |
-49.9 |
20.5 |
6.3 |
||
Balance sheet summary
(billion yen)
|
Mar. 2022 |
Mar. 2023 |
Mar. 2024 |
Mar. 2025 |
Jun. 2025 |
||
|---|---|---|---|---|---|---|
|
Total assets |
6,728.6 |
7,184.0 |
7,603.0 |
7,762.4 |
7,879.4 |
|
|
Including Loans and bills discounted |
3,317.1 |
3,881.3 |
4,071.2 |
4,206.5 |
4,085.4 |
|
|
Including Securities |
1,478.1 |
1,278.7 |
1,186.5 |
1,355.4 |
1,358.2 |
|
|
Including Cash and due from banks |
1,141.9 |
1,275.0 |
1,579.7 |
1,409.3 |
1,607.9 |
|
|
Including Trading assets |
133.0 |
151.2 |
173.7 |
262.8 |
230.9 |
|
|
Total liabilities |
6,241.3 |
6,752.9 |
7,211.9 |
7,302.7 |
7,411.5 |
|
|
Including Deposits / |
4,871.5 |
5,497.3 |
5,776.3 |
5,672.9 |
5,776.1 |
|
|
Including Bonds payable |
168.9 |
147.7 |
181.3 |
124.6 |
121.2 |
|
|
Including Borrowed money |
432.3 |
525.6 |
563.3 |
726.3 |
729.1 |
|
|
Including Cash collateral received for securities lent |
356.9 |
215.9 |
260.6 |
345.7 |
339.5 |
|
|
Including Trading account liabilities |
129.2 |
121.8 |
165.0 |
209.1 |
194.5 |
|
|
Total net assets |
487.2 |
431.1 |
391.0 |
459.6 |
467.9 |
|
|
Total liabilities and net assets |
6,728.6 |
7,184.0 |
7,603.0 |
7,762.4 |
7,879.4 |
|
- The point of time (month-year) in the table represents the end of each month.
Results by business segment
- 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.