The Bank of Nagoya, Ltd.
Notice Regarding Expected Recognition of Gain on Return of Retirement Benefit Trust (Extraordinary Income)
The Bank of Nagoya, Ltd. announced plans to partially terminate a retirement benefit trust and receive a return. The return amount is approximately 8.7 billion yen, and the company expects to record approximately 2.0 billion yen as extraordinary income in both the non-consolidated and consolidated financial statements for the fiscal year ending March 2027. Amounts may fluctuate until they are finalized.
Key Figures
- Amount of retirement benefit trust return: approx. 8.7 hundred million yen
- Gain from return of retirement benefit trust: approx. 2.0 hundred million yen (extraordinary income)
- Return date: 2026-11-11 (scheduled)
AI要約
Key Points
The Bank of Nagoya, Ltd. has decided to partially terminate and obtain a return from its retirement benefit trust, with completion of the return scheduled for November 11, 2026 (scheduled). The return amount is approximately 8.7 billion yen, and the company expects to recognize approximately 2.0 billion yen as extraordinary income in both its non-consolidated and consolidated financial statements for the fiscal year ending March 2027. However, these amounts will be finalized at the time of return and may change.
Future Impact and Notes
The recognition of extraordinary income is expected to affect results for the fiscal year ending March 2027. Earnings forecasts are being reviewed considering other factors as well, and will be disclosed promptly if necessary. The return amount and the amount of extraordinary income may be disclosed again once finalized.
The Bank of Nagoya, Ltd.
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