banking
Rakuten Bank's third quarter of fiscal year 2024, ending December 31, 2024, demonstrated significant growth across key financial metrics, solidifying its position as a leading digital bank in Japan. The bank achieved record highs in ordinary income, gross operating profit, ordinary profit, and profit attributable to owners of
neobank
GMO Aozora Net Bank now allows standalone sole proprietorship accounts to be opened. These have previously required opening a personal account first. This initiative is part of the company's improved support for small and start-up businesses, which it positions as one of its medium- to long-term strategies. First,
neobank
Seven Bank reported a mixed bag of results on a consolidated basis, exhibiting growth in overall income but a significant decrease in net income compared to the same period in the previous fiscal year. The consolidated ordinary income reached ¥159.4 billion, a notable 10.0% increase from the ¥144.
weekly
Welcome to the ninety-eighth edition of the Japan FinTech Observer. The past week saw the peak of earnings season for the financial sector, generally with very good to exceptional results for most players, including the FinTech segments of platforms like LY Corporation and Mercari; the only exception being cooperative Norinchukin
banking
Mizuho Financial Group reported results for the third quarter of the current fiscal year, providing an assessment of its performance, strategy, and outlook. Financial Performance & Outlook * Strong Q3 FY24 Performance * Consolidated net business profits + ETF gains/losses: ¥964.2 bn (+15% YoY), 82% of FY3/25 guidance, exceeding analyst
lending
King Street Capital Management, a leading global alternative investment firm, and Tor Investment Managemenet, a leading independent alternative credit manager in Asia, announced a USD 110m financing solution for Soul of Japan (SOJ), a land-based Atlantic salmon farm project in Tsu City. SOJ is backed by 8F Asset Management, an
banking
SBI Holdings and its consolidated subsidiary SBI ARUHI decided to jointly invest in a preparatory company to enter the housing loan guarantee business from April 2025. SBI ARUHI has maintained the No. 1 market share in loan execution volume for 14 consecutive years, providing [Flat 35] loans to a wide
banking
Mongolia's Golomt Bank today announced its second successful loan arrangement from Saison Investment Management Private Limited (SIMPL). SIMPL is the cross-border lending arm of Saison International, the international headquarters of Japan’s Credit Saison, a global financial company that is listed on the Tokyo Stock Exchange. The proceeds
banking
The Norinchukin Bank is undertaking significant capital enhancement initiatives to strengthen its profitability base. This involves increasing Tier 1 and Tier 2 capital through new issuances and redeeming existing debt. Concurrently, the bank is selling low-yielding assets to improve its investment portfolio. While these actions are designed to improve long-term
banking
MUFG's third quarter earnings significantly exceeded expectations, driven by strong performance in customer segments, capital markets-related business, gains from strategic shareholding sales, and equity method investment income (particularly from Morgan Stanley). Net income is already at 99% of full-year guidance. MUFG expects a positive impact from the BOJ&
banking
MUFG reported a strong financial performance for the first three quarters of the fiscal year ending in March 2025, highlighting record-high net operating profits (NOP) and net income, driven by robust customer segment growth, gains from equity sales, and increased earnings from equity method investments. The earnings release also addresses
weekly
Welcome to the ninety-seventh edition of the Japan FinTech Observer. Here you can view the future of Japan: Musashino University's Entrepreneurship Musashino Campus (EMC GLOBAL) held its academic year-end event and pitch contest, also including regional winners from the Philippines, Singapore, and India. The quality of the pitches