The Joyo Bank, Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months Ending September 2016 and for the Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter of Fiscal 2017; Reports Impairment Loss
August 01, 2016 at 11:00 am EDT
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The Joyo Bank, Ltd. announced unaudited consolidated earnings results for the first quarter ended June 30, 2016. For the year, the company reported ordinary revenues of ¥42,011 million against ¥43,579 million a year ago. Ordinary income was ¥12,469 million against ¥14,801 million a year ago. Profit attributable to owners of parent was ¥8,662 million or ¥11.98 per diluted share against ¥10,414 million or ¥14.40 per diluted share a year ago. Profit before income taxes was ¥12,311 million against ¥14,763 million a year ago.
The company provided earnings guidance for the six months ending September 2016. For the quarter, the company reported ordinary income of or ¥24,000 million, profit attributable to owners of parent of ¥16,000 million or ¥22.82 per share.
The company provided earnings guidance for the year ending March 31, 2017. For the quarter, the company reported ordinary income of or ¥45,000 million, profit attributable to owners of parent of ¥31,000 million or ¥42.88 per share.
The company provided dividend guidance for the second quarter of fiscal 2017. The company expects to pay second quarter dividend of ¥6.00 per share for the fiscal year ending March 31, 2017 against ¥6.00 per share as year ago.
For the quarter, the company reported impairment loss of ¥126 million against ¥12 million a year ago.
Mebuki Financial Group Inc is a Japan-based company mainly engaged in the provision of comprehensive financial services centered on banking business. The Company is mainly engaged in the provision of banking business, as well as other business related to financial services such as leasing business, securities business, credit guarantee business and credit card business.
The Joyo Bank, Ltd. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Six Months Ending September 2016 and for the Year Ending March 31, 2017; Provides Dividend Guidance for the Second Quarter of Fiscal 2017; Reports Impairment Loss