Norinchukin Bank 9M FY2025 swings back to ¥99.3bn profit on stronger markets, reverses prior-year ¥1.41tn loss; CET1 ratio inches up to 17.95%
Summary:
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Consolidated ordinary income for the nine months to 31 December 2025 rose 7.9% year on year to ¥1,684.3 billion, while ordinary profit rebounded to ¥97.4 billion from a ¥1,379.8 billion loss a year earlier.
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Profit attributable to owners of the parent recovered to ¥99.3 billion versus a ¥1,414.5 billion loss, driven by improved investment performance and a sharp narrowing of losses on securities and other market positions.links.sgx+1
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Total assets edged up to ¥84.9 trillion and total net assets climbed to ¥5.33 trillion, lifting the consolidated net assets ratio to 6.3% from 5.6% at end-March 2025 as unrealised losses on securities turned into modest gains.links.sgx+1
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On a fully loaded Basel III basis, the common equity Tier 1 ratio improved to 17.95%, Tier 1 ratio to 19.80% and total capital ratio stood at 22.07%, underscoring a still-strong capital position.
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Management is keeping its full-year FY2025 profit outlook in a ¥30–70 billion range given volatile markets and potential portfolio rebalancing, and is guiding to FY2026 profits of ¥50–100 billion as it rebuilds earning power while maintaining prudential soundness.