The Gunma Bank, Ltd. Announces Consolidated Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half Year Ending September 2019 and Full Year Ending March 2020
August 01, 2019 at 02:30 am
Share
The Gunma Bank, Ltd. announced consolidated earnings results for the first quarter ended June 30, 2019. For the quarter, the company reported ordinary revenues of JPY 39,128 million compared to JPY 46,191 million a year ago. Ordinary profit was JPY 11,441 million compared to JPY 16,397 million a year ago. Profit attributable to owners of parent was JPY 8,300 million compared to JPY 11,111 million a year ago. Diluted earnings per share were JPY 19.40 compared to JPY 25.58 a year ago. Basic earnings per share were JPY 19.45 compared to JPY 25.63 a year ago.
The company provided consolidated earnings guidance for the first half year ending September 2019 and full year ending March 2020. For the first half, the company expects ordinary income of JPY 15,500 million, profit attributable to owners of parent of JPY 11,000 million or basic earnings per share of JPY 25.77.
For the full year, the company expects ordinary income of JPY 31,000 million, profit attributable to owners of parent of JPY 21,000 million or basic earnings per share of JPY 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 Earnings Results for the First Quarter Ended June 30, 2019; Provides Consolidated Earnings Guidance for the First Half Year Ending September 2019 and Full Year Ending March 2020