The Oita Bank, Ltd. Reports Audited Consolidated Earnings Results and Unaudited Non-Consolidated Earnings Results for the Year Ended March 31, 2017
September 22, 2017 at 06:04 am
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The Oita Bank, Ltd. reported audited consolidated earnings results and unaudited non-consolidated earnings results for the year ended March 31, 2017. For the year, on consolidated basis, the company reported total interest income of JPY 36,539 million against JPY 37,102 million a year ago. Total income was JPY 59,023 million against JPY 60,105 million a year ago. Income before income taxes was JPY 9,928 million against JPY 14,294 million a year ago. Net income attributable to owners of the parent was JPY 7,540 million against JPY 9,736 million a year ago. Net income per diluted share was JPY 41.49 against JPY 54.31 year ago. Net cash provided by operating activities was JPY 75,841 million against JPY 95,225 million a year ago. Purchases of premises and equipment were JPY 687 million against JPY 1,905 million a year ago. Purchases of intangible assets were JPY 379 million against JPY 510 million a year ago.
For the year, on non-consolidated basis, the company reported total interest income of JPY 36,233 million against JPY 36,619 million a year ago. Total income was JPY 49,056 million against JPY 50,343 million a year ago. Income before income taxes was JPY 8,905 million against JPY 12,732 million a year ago. Net income was JPY 6,927 million against JPY 9,093 million a year ago. Net income per diluted share was JPY 38.12 against JPY 50.73 a year ago.
Oita Bank Ltd is a Japan-based regional bank mainly is engaged in businesses related to financial services, centered on banking, leasing, and credit card services. The Banking Business segment is engaged in deposit services, lending services, trading of commodity securities, securities investment services, domestic exchange services, foreign exchange services, corporate bond fiduciary and registration services, and ancillary services such as futures trading. The segment is also engaged in accounting-related calculation services as a subordinate business of the bank. The Leasing Business segment is engaged in leasing services to meet local leasing needs. The other business provides debt guarantee services, computer-related services, and investment and loan services to meet the financial needs of both individual and corporate clients.