The Hachijuni Bank, Ltd. Provides Dividend Guidance for the Six Months Ending September 2016 and Full Year Ending March 31, 2017; Reports Consolidated Earnings Results for the First Quarter Ended June 2016; Provides Earnings Guidance For the six months ending September 2016 and Full Year Ending March 31, 2017
August 03, 2016 at 11:30 am EDT
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The Hachijuni Bank, Ltd. provided dividend guidance for the second quarter of fiscal 2017 and full year ending March 31, 2017. For the second quarter of fiscal year 2016, the company expects to pay a dividend of JPY 6.00 per share against JPY 6.00 per share paid a year ago.
For the year ending March 31, 2017, the company expects to pay a dividend of JPY 7.00 against JPY 9.00 per share paid a year ago. The total dividend for the year is JPY 13.0 per share against JPY 15.00 per share paid a year ago.
The company reported consolidated earnings results for the first quarter ended June 2016. For the year, on consolidated basis the company reported ordinary revenues of JPY 58,168 million, ordinary income of JPY 12,147 million, profit attributable to owners of the parent of JPY 8,503 million or JPY 16.76 diluted earnings per share as compared to ordinary revenue of JPY 57,054 million, ordinary income of JPY 15,807 million, profit attributable to owners of the parent of JPY 10,112 million or JPY 20.14 diluted earnings per share for the same period a year ago.
For the six months ending September 2016, on consolidated basis the company expects ordinary income of JPY 18,500 million and profit attributable to owners of the parent of JPY 11,500 million or JPY 22.69 per share.
For the fiscal year ending March 31, 2017, on consolidated basis the company expects ordinary income of JPY 38,000 million and profit attributable to owners of the parent of JPY 24,500 million or JPY 48.35 per share.
The Hachijuni Bank, Ltd. (the Bank) is a regional bank which operates in two business segments. The Banking segment provides deposit, loan, domestic exchange, foreign exchange and trust services. This segment is also engaged in the credit guarantee, debt management and collection, as well as fund transaction. The Leasing segment is engaged in the provision of leasing services. The Bank is also engaged in the purchase and sale of securities, as well as the investment business.
The Hachijuni Bank, Ltd. Provides Dividend Guidance for the Six Months Ending September 2016 and Full Year Ending March 31, 2017; Reports Consolidated Earnings Results for the First Quarter Ended June 2016; Provides Earnings Guidance For the six months ending September 2016 and Full Year Ending March 31, 2017