Suruga Bank Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 2019; Provides Earnings Guidance for the Period Ending September 2019 and Year Ending March 31, 2020
August 14, 2019 at 02:00 am EDT
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Suruga Bank Ltd. reported consolidated earnings results for the first quarter ended June 2019. For the quarter, the company's ordinary revenues were JPY 32,241 million compared to JPY 35,268 million a year ago. Ordinary profit was JPY 6,223 million compared to JPY 4,727 million a year ago. Profit attributable to owners of parent was JPY 3,847 million compared to JPY 3,160 million a year ago. Basic earnings per share was JPY 16.60 compared to JPY 13.64 a year ago.
The company provided earnings guidance for the period ending September 2019 and year ending March 31, 2020. For the period ending September 2019, the company expects ordinary profit of JPY 8,000 million, profit attributable to owners of parent of JPY 5,000 million and basic earnings per share of JPY 21.58.
For the year ending March 31, 2020, the company expects ordinary profit of JPY 16,000 million, profit attributable to owners of parent of JPY 10,500 million and basic earnings per share of JPY 45.32.
Suruga Bank Ltd. is a Japan-based bank engaged in the banking business, as well as the provision of other financial services such as leasing business, loan business and guarantee servive. The Bank operates in two business segments. The Banking segment is engaged in the provision of deposit services, loan services, and domestic and foreign exchange transactions services, as well as the counter sale of securities, investment trust and insurance. The Others segment is engaged in the provision of loans, leasing services, manpower dispatching services, credit guarantee services, system development services and credit cards services, among others.
Suruga Bank Ltd. Reports Consolidated Earnings Results for the First Quarter Ended June 2019; Provides Earnings Guidance for the Period Ending September 2019 and Year Ending March 31, 2020