The Shizuoka Bank, Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated and Non-Consolidated Earnings Guidance for the Half Year and Full Year Ending March 31, 2019
May 09, 2018 at 11:30 am IST
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The Shizuoka Bank, Ltd. reported consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the year, on consolidated basis, reported ordinary revenues of ¥224,091 million against ¥249,804 million a year ago. Ordinary profit was ¥65,839 million against ¥47,055 million a year ago. Profit attributable to owners of parent was ¥50,130 million against ¥29,276 million a year ago. Diluted earnings per share were ¥78.32 against ¥45.18 a year ago. Net cash provided by operating activities was ¥135,934 million against net cash used in operating activities of ¥290,878 million a year ago. Rate of return on equity was 5.2% against 3.1% a year ago.
For the year, on non-consolidated basis, reported ordinary revenues of ¥180,473 million against ¥210,649 million a year ago. Ordinary profit was ¥56,164 million against ¥51,807 million a year ago. Profit was ¥43,431 million against ¥24,433 million a year ago. Diluted earnings per share were ¥67.86 against ¥37.70 a year ago.
For the half year of 2019, on consolidated basis, the company expects ordinary profit to be ¥36,200 million, Profit attributable to owners of parent to be ¥27,800 million and basic earnings per share to be ¥46.81.
For the year of 2019, on consolidated basis, the company expects ordinary profit to be ¥72,000 million, Profit attributable to owners of parent to be ¥52,000 million and basic earnings per share to be ¥87.56.
For the half year of 2019, on non-consolidated basis, the company expects ordinary profit to be ¥31,700 million, Profit to be ¥24,600 million and basic earnings per share to be ¥41.42.
For the year of 2019, the company expects ordinary profit to be ¥61,000 million, Profit to be ¥45,000 million and basic earnings per share to be ¥75.77.
Shizuoka Financial Group, Inc. is one of the leading Japanese banking groups. The activity is essentially organized around 2 areas:
- commercial banking: sale of traditional and specialized banking services to individuals and companies (deposits, loans, management of investment securities, foreign exchange transactions, issue of credit cards, etc.);
- financial banking: in particular the granting of leasing to individuals and companies.
The Shizuoka Bank, Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2018; Provides Consolidated and Non-Consolidated Earnings Guidance for the Half Year and Full Year Ending March 31, 2019