Norinchukin logs $636.78m profit for Apr-Dec 2025

Full-year profit will come lower as Nochu foresees a potential portfolio rebalance.

Norinchukin Bank (Nochu) saw its profits improve to $636.78m (JPY99.2b) in April-December 2025, reversing the $9.05b (JPY1.41t) loss for the same nine-month period in 2024.

The Japanese bank expects its full-year FY2025 profit to be in the $192.64m to $449.49m range (JPY30b to JPY70b), citing “volatile market condition and potential portfolio rebalance for future profitability improvement.”

Nochu said that its market portfolio investment balance increased as it “cautiously” increased new investments.

Ordinary income is JPY1.68t for the period, whilst ordinary expenses were JPY1.59b.

Interest income is JPY1.34t for the nine-month period.

Its common equity tier 1 (CET1) ratio is at 17.95% as of December 2025, climbing from 17.70% in March 2025.

(US$1 = JPY155.78)