The Oita Bank, Ltd. Announces Consolidated and Unconsolidated Unaudited Financial Results for the Year Ended March 31, 2018
September 26, 2018 at 09:27 pm
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The Oita Bank, Ltd. announced consolidated financial results for the year ended March 31, 2018. For the period, on consolidated basis, total interest income of the company was ¥36,462 million compared to ¥36,539 million a year ago. Total income was ¥60,966 million compared to ¥59,023 million a year ago. Income before income taxes was ¥9,212 million compared to ¥9,928 million a year ago. Net income was ¥5,979 million compared to ¥7,543 million a year ago. Net income attributable to owners of the parent was ¥5,976 million compared to ¥7,540 million a year ago. Diluted net income per share was ¥328.60 compared to ¥414.96 a year ago. Net cash used in operating activities was ¥33,781 million compared to net cash provided in operating activities ¥75,841 million a year ago. Purchases of premises and equipment were ¥1,180 million compared to ¥687 million a year ago. Purchases of intangible assets were ¥608 million compared to ¥379 million a year ago.
For the period, on unconsolidated basis, total interest income of the company was ¥36,027 million compared to ¥36,233 million a year ago. Total income was ¥50,693 million compared to ¥49,056 million a year ago. Income before income taxes was ¥8,227 million compared to ¥8,905 million a year ago. Net income was ¥5,340 million compared to ¥6,927 million a year ago. Diluted net income per share was ¥293.63 compared to ¥381.22 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.