The Oita Bank, Ltd. Reports Audited Consolidated Earnings Results and Unaudited Non-Consolidated Earnings Results for the Year Ended March 31, 2016
September 30, 2016 at 01:38 pm
Share
The Oita Bank, Ltd. reported audited consolidated earnings results and unaudited non-consolidated earnings results for the year ended March 31, 2016. For the year, on consolidated basis, the company reported total income of JPY 60,105 million against JPY 61,826 million a year ago. Income before income taxes was JPY 14,294 million against JPY 16,066 million a year ago. Net income attributable to owners of the parent was JPY 9,736 million against JPY 9,664 million a year ago. Net income per diluted share was JPY 54.31 compared with JPY 58.24 year ago. Net cash provided by operating activities was JPY 95,225 million against JPY 23,325 million a year ago. Purchases of premises and equipment were JPY 1,905 million against JPY 3,196 million a year ago. Purchases of intangible assets were JPY 510 million against JPY 562 million a year ago.
For the year, on non-consolidated basis, the company reported total income of JPY 50,343 million against JPY 51,914 million a year ago. Income before income taxes was JPY 12,732 million against JPY 14,544 million a year ago. Net income was JPY 9,093 million against JPY 8,990 million a year ago. Net income per diluted share was JPY 50.73 against JPY 54.18 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.