KK Shizuoka Financial Group

Latest Results (07.08.2024):

Record High Ordinary Profit

KK Shizuoka Financial Group reported a record high ordinary profit of JPY 102.2 billion for FY2023, marking a significant increase of JPY 28.3 billion or 38.2% year-over-year. This growth was primarily driven by the steady increase in gross operating profits, particularly in net interest income and fees and commissions.

Net Income Growth

The net income attributable to owners of the parent for KK Shizuoka Financial Group in FY2023 was JPY 57.8 billion, reflecting an increase of JPY 5.4 billion or 10.2% compared to the previous fiscal year. This growth was supported by higher gross operating profits and a substantial increase in the share of profit from entities accounted for using the equity method.

Gross Operating Profit

KK Shizuoka Financial Group achieved a new record high in gross operating profit, reaching JPY 171.3 billion in FY2023. This represents an increase of JPY 11.2 billion or 6.9% year-over-year, driven by higher net interest income and increased fees and commissions.

Net Interest Income

For FY2023, KK Shizuoka Financial Group's net interest income grew by JPY 8.1 billion, primarily due to steady growth in the domestic segment. The total net interest income reached JPY 129.7 billion, with significant contributions from higher interest on loans and increased interest and dividends on securities.

Loan Balance Growth

KK Shizuoka Financial Group reported a total loan balance (average balance) of JPY 10,196.6 billion for FY2023, reflecting an annual growth rate of 3.8%. This increase was mainly driven by growth in loans to SMEs and retail loans, which saw annual increases of 5.6% and 4.0%, respectively.