The Gunma Bank, Ltd. Revises Earnings Guidance for the Fiscal Year Ending March 31, 2024
February 05, 2024 at 01:00 am EST
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The Gunma Bank, Ltd. revised earnings guidance for the fiscal year ending March 31, 2024. For the year, the company expects profit attributable to Owners of Parent of JPY 30,000 million compared to Previous Projection of JPY 28,000 million and Profit per share of JPY 75.60 compared to Previous Projection of JPY 70.28.
Gunma Bank Ltd is a Japan-based regional bank that operates in two business segments. The Banking Business segment is engaged in deposit and lending operations as well as securities investment, domestic and foreign exchange, over-the-counter sales of public bonds, investment trusts, and insurance products, and trust services, to provide financial products and services to local customers. The segment is also engaged in lending and other banking services. The Leasing segment is engaged in the provision of financial services, including leasing services, mainly to customers in the local community. The Company is also engaged in transportation of goods, maintenance of automated teller machines, securities, guarantees, management consulting, and fund formation and management.