Aozora Bank’s FY2024 Financial Turnaround and Positive Outlook for FY2025

Aozora Bank ( (JP:8304) ) has provided an update.

Aozora Bank reported its consolidated financial results for FY2024, showing a decrease in ordinary income to JPY 231,460 million, down 6% from the previous year. Despite the decline in income, the bank achieved a profit attributable to owners of the parent of JPY 20,518 million, marking a significant turnaround from the loss in FY2023. The bank’s total assets increased to JPY 7,762,434 million, with a net assets to total assets ratio of 5.8%. The bank also announced a dividend increase, reflecting a positive outlook for FY2025 with a forecasted ordinary profit of JPY 30,000 million, up 70.8% year-on-year.

The most recent analyst rating on (JP:8304) stock is a Sell with a Yen2500.00 price target. To see the full list of analyst forecasts on Aozora Bank stock, see the JP:8304 Stock Forecast page.

More about Aozora Bank

Aozora Bank, Ltd. is a financial institution listed on the Tokyo Stock Exchange, primarily engaged in banking services. The company focuses on providing financial solutions and banking services to a diverse range of clients.

Average Trading Volume: 1,189,024

Technical Sentiment Signal: Sell

Current Market Cap: Yen271.5B

For an in-depth examination of 8304 stock, go to TipRanks’ Stock Analysis page.