Aozora Bank ( (AOZOF) ) has released its Q2 earnings. Here is a breakdown of the information Aozora Bank presented to its investors.
Aozora Bank, Ltd., based in Japan, operates within the financial sector offering banking services and financial solutions. The company is publicly listed on the Tokyo Stock Exchange.
Aozora Bank has reported its financial results for the first half of fiscal year 2024, which highlighted a decrease in ordinary income and profit attributable to the owners of the parent compared to the previous year. However, there was an issuance of new shares, which positively impacted the bank’s equity position.
Key financial metrics revealed a decline in ordinary income to JPY 115,128 million, down by 15.1% year-on-year, while ordinary profit decreased by 30.5% to JPY 9,994 million. Profit attributable to owners of the parent was slightly lower at JPY 11,919 million, a 1.1% decrease from the previous year. The bank’s total assets grew slightly to JPY 7,688,637 million, reflecting a stable asset base.
The bank’s management maintains a cautious outlook for the full fiscal year ending March 31, 2025, with profit expectations set at JPY 18,000 million. Aozora Bank remains committed to addressing challenges in the market while aiming for sustainable financial growth.
