The Musashino Bank, Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2018
August 01, 2017
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The Musashino Bank, Ltd. announced consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the company reported ordinary income of JPY 18,484 million compared to JPY 18,255 million a year ago. Ordinary profit was JPY 4,576 million compared to JPY 4,541 million a year ago. Profit before income taxes was JPY 4,574 million compared to JPY 4,540 million a year ago. Profit was JPY 3,059 million compared to JPY 3,471 million a year ago. Profit attributable to owners of parent was JPY 3,055 million or JPY 91.16 per diluted share compared to JPY 3,460 million or JPY 103.11 per diluted share a year ago.
The company provided consolidated earnings guidance for the six months ending September 30, 2017 and year ending March 31, 2018. For the six months ending September 30, 2017, the company expects ordinary income of JPY 35,600 million, ordinary profit of JPY 7,600 million and profit attributable to owners of parent of JPY 5,200 million or JPY 155.25 per share.
For the year ending March 31, 2018, the company expects ordinary income of JPY 71,500 million, ordinary profit of JPY 15,200 million and profit attributable to owners of parent of JPY 10,600 million or JPY 316.48 per share.
The company provided dividend guidance for the second quarter and full year of fiscal year ending March 31, 2018. For the second quarter of fiscal year ending March 31, 2018, the company expects to pay dividend of JPY 40.00 per share compared to JPY 40.00 per share year ago.
For the year ending March 31, 2018, the company expects to pay dividend of JPY 40.00 per share compared to JPY 40.00 per share year ago.
The Musashino Bank, Ltd. is a regional bank that mainly operates banking business. The Company operates in three segments. The Banking segment is engaged in the provision of deposit and loan services, the investment of securities, as well as the exchange business. The Leasing segment is engaged in the provision of finance-related leasing services. The Credit Guarantee segment is engaged in the provision of finance-related credit guarantee services.
The Musashino Bank, Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2017; Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2017 and Year Ending March 31, 2018; Provides Dividend Guidance for the Second Quarter and Full Year of Fiscal Year Ending March 31, 2018