The Gunma Bank, Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Six Months Ending September 2019 and Year Ending March 31, 2020
May 10, 2019 at 07:30 am
Share
The Gunma Bank, Ltd. announced consolidated and non-consolidated earnings results for the year ended March 31, 2019. For the year, on consolidated basis, the company's ordinary revenues were ¥148,730 million against ¥150,386 million a year ago. Ordinary profit was ¥35,785 million against ¥42,409 million a year ago. Profit attributable to owners of parent was ¥23,321 million against ¥28,366 million a year ago. Basic earnings per share was ¥54.12 against ¥65.27 a year ago. Diluted earnings per share was ¥54.00 against ¥65.14 a year ago.
On non-consolidated basis, the company's ordinary revenues were ¥118,998 million against ¥122,161 million a year ago. Ordinary profit was ¥31,982 million against ¥38,502 million a year ago. Profit was ¥20,972 million against ¥26,056 million a year ago. Basic earnings per share was ¥59.96 against ¥65.27 a year ago. Diluted earnings per share was ¥48.56 against ¥59.84 a year ago.
The company provided earnings guidance for the six months ending September 2019 and year ending March 31, 2020. For the six months, the company expects ordinary profit of ¥15,500 million and profit attributable to owners of parent of ¥11,000 million or basic earnings per share of ¥25.77.
For the year, the company expects ordinary profit of ¥31,000 million and profit attributable to owners of parent of ¥21,000 million or basic earnings per share of ¥49.20.
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.
The Gunma Bank, Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Year Ended March 31, 2019; Provides Earnings Guidance for the Six Months Ending September 2019 and Year Ending March 31, 2020