The 77 Bank, Ltd. Provides Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2024
January 29, 2024
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The 77 Bank, Ltd. revised consolidated and non-consolidated earnings guidance for the year ending March 31, 2024. For the year, on consolidated basis, the company expects an ordinary profit of ¥39,500 million compared to previous guidance of ¥36,500 million, net income attributable to owners of parent of ¥27,000 million compared to previous guidance of ¥25,500 million and basic earnings per share of ¥364.57.
For the year, on a non-consolidated basis, the company expects an ordinary profit of ¥38,000 million compared to previous guidance of ¥35,500 million, net income of ¥26,500 million compared to previous guidance of ¥25,000 million and basic earnings per share of ¥357.82.
77 Bank Ltd is a Japan-based company mainly engaged in the provision of banking services, leasing services, and financial services such as credit card services. The Company operates through the Banking Business segment. Banking business includes deposit business, lending business, commodity securities trading business, securities investment business, domestic foreign exchange business, foreign exchange business, corporate bond trust business, agency business, debt guarantee (payment acceptance), government bonds, investment trust, over-the-counter sales of insurance products. The leasing business is engaged in financial-related leasing activities. It is also engaged in credit guarantee business, credit card business, financial product transaction business, research and consulting business, outsourcing of calculation business using electronic computing equipment, fund management business, and investment business.