SBI Shinsei Raises Ordinary Income 24.1% to ¥452.1 Billion in First Half
Key Facts
SBI Shinsei Bank increased consolidated ordinary income 24.1% year on year to ¥452.1 billion in the first half of fiscal 2026, which runs from April 1, 2026, to March 31, 2027, according to the bank’s earnings summary. Ordinary profit rose 47.6% to ¥92.2 billion over the same period. The results showed growth in revenue and ordinary business profit compared with the first half of the previous fiscal year. But net profit attributable to owners of the parent did not keep pace with the increases in other profit measures, reaching ¥69.1 billion versus ¥69.4 billion a year earlier. The bank announced its second-quarter fiscal 2026 results on November 2, 2026, the date set out in its investor relations calendar.
Revenue came to ¥199.8 billion, compared with ¥165.7 billion in the corresponding period, while ordinary business profit rose to ¥106.4 billion from ¥79.2 billion, according to the earnings summary. Consolidated ordinary income reached ¥452.1 billion in the first half, up 24.1% year on year. Ordinary profit was ¥92.2 billion, up 47.6%. These figures represent different measures of performance, including revenue, ordinary business profit, ordinary income and ordinary profit. The differences among them underscore the importance of assessing each item by its stated name when comparing the bank’s performance with the previous period.
Net interest income was the most prominent source of the reported operating improvement, rising ¥37.7 billion to ¥102.2 billion in the first half of fiscal 2026. By contrast, non-interest income fell ¥3.6 billion to ¥97.5 billion. Net trading income declined ¥3.6 billion to ¥1.1 billion, according to the bank’s summary. These items show diverging trends among income sources: higher interest income alongside lower non-interest income. Income components therefore did not move in one direction, despite gains in the reported aggregate measures.
General and administrative expenses rose ¥6.8 billion to ¥93.3 billion, while net credit costs were ¥17.1 billion and showed no material year-on-year change, according to the same source. Income before income taxes increased ¥31.3 billion to ¥92.9 billion. Net profit attributable to owners of the parent, however, was ¥69.1 billion, slightly down from ¥69.4 billion in the first half of the previous fiscal year. Basic earnings per share also fell to ¥77.89 from ¥86.92. The results put higher pretax income alongside increased expenses and stable credit costs, while net profit and earnings per share remained below their year-earlier levels.
The first-half results follow a 25.4% year-on-year increase in consolidated ordinary income to ¥226.652 billion and a 43.3% rise in ordinary profit to ¥51.952 billion in the first quarter of fiscal 2026. In that quarter, profit attributable to owners of the parent fell 13% to ¥38.466 billion, according to the first-quarter earnings summary. Separately, the bank formed a growth investment partnership with 14 regional banks on August 5 to collaborate on structured finance. The bank expected about 10 more banks to join the partnership by the end of August. These details provide context on the earnings trend and the bank’s regional-bank cooperation initiative during the fiscal year.
The bank maintained its fiscal 2026 forecast for income before income taxes at ¥132.0 billion, implying an expected year-on-year increase of 8.1%, unchanged from its latest announcement, according to the earnings summary. The first-quarter report showed an expected interim dividend of ¥10 per share, with a disclosed annual dividend floor of ¥42 per share for the year ending March 31, 2027. The bank revised its dividend forecast in July after introducing semiannual dividends. The disclosed outlook thus combines an annual pretax income target with a dividend policy that includes a minimum cash dividend. The financial forecast covers the year ending March 31, 2027, while the current results represent its first half.