The Gunma Bank, Ltd. Provides Earnings Guidance for the Six Months Ending September 30, 2022 and Fiscal Year Ending March 31, 2023
August 02, 2022 at 07:00 am
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The Gunma Bank, Ltd. provided earnings guidance for the six months ending September 30, 2022 and fiscal year ending March 31, 2023. For the six months, the company expected to report ordinary profit to be JPY 19,000 million, profit Attributable to owners of Parent to be JPY 13,000 million and profit per share to be JPY 31.66.
For the fiscal year, the company expected to report ordinary profit to be JPY 39,000 million, profit Attributable to owners of Parent to be JPY 27,000 million and profit per share to be JPY 65.75.
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.