Yamaguchi Financial Group, Inc. Reports Consolidated Earnings Results for the Six Months Ended September 30, 2016
January 24, 2017 at 02:35 pm
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Yamaguchi Financial Group, Inc. reported consolidated earnings results for the six months ended September 30, 2016. For the period, the company has posted interest income of ¥47,099 million against ¥50,377 million a year ago. Ordinary profit was ¥25,146 million against ¥25,977 million a year ago. Income before income taxes and minority interests was ¥25,254 million against ¥27,161 million a year ago. Net income attributable to owners of the parent was ¥16,935 million against ¥17,407 million a year ago. Net cash used in operating activities was ¥509,005 million against ¥179,445 million a year ago. Purchases of securities were ¥879,809 million against ¥796,827 million a year ago. Purchases of tangible fixed assets were ¥2,871 million against ¥1,140 million a year ago. Purchases of intangible fixed assets was ¥1,270 million against ¥586 million a year ago.
Yamaguchi Financial Group, Inc. is a Japan-based financial holding company principally engaged in the provision of financial services, with a focus on banking services. The Company operates two types of business. The banking business is engaged the provision of banking services, including deposit, loan, domestic and foreign exchange, securities trading and investment services. The Company is also involved in the securities, credit card and leasing businesses. The Company has 16 subsidiaries and three associated companies.