KK Fukuoka Financial Group

8354

Equity

ISIN JP3805010000 / Valor 2731227

Tokyo Stock Exchange (2024-12-25)

JPY 3,898.00-1.24%

KK Fukuoka Financial Group
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About company

KK Fukuoka Financial Group is a Japanese financial services company that provides banking, asset management, and related financial services.

Summarized from source with an LLMView SourceSector: Finance

Income Growth

KK Fukuoka Financial Group reported a significant increase in net income for the first quarter of FY2023, reaching ¥20.9 billion, up from ¥16.6 billion in the same period the previous year. This growth was driven by improved performance across its subsidiary banks and a reduction in credit costs.

Revenue Increase

The Group's gross business profit for the first quarter of FY2023 was ¥41.7 billion, compared to ¥39.3 billion in the same quarter of the previous year. This increase was primarily due to higher net interest income and net fees and commissions.

Core Business Profit

KK Fukuoka Financial Group's core business profit, excluding gains and losses on the cancellation of investment trusts, rose to ¥24.5 billion in the first quarter of FY2023, up from ¥22.5 billion in the same period last year. This reflects the Group's strong operational performance and effective cost management.

Credit Costs

The total credit cost for the first quarter of FY2023 was significantly reduced to ¥1.2 billion, compared to ¥2.4 billion in the same quarter of the previous year. This reduction was due to lower provisions for loan losses and improved asset quality.

Outlook

KK Fukuoka Financial Group has a positive outlook for the remainder of FY2023, expecting continued growth in net income and core business profit. The Group plans to leverage its recent business integration with Fukuoka Chuo Bank to enhance its market position and operational efficiency.

Summarized from source with an LLMView Source

Key figures

19.3%1Y

101%3Y

87.5%5Y

Performance

37.8%1Y

32.3%3Y

32.4%5Y

Volatility