04.02.2016, 01:39
Aozora Reports Net Income of 35.1 billion for First Nine Months
OREANDA-NEWS. Aozora Bank, Ltd., a leading Japanese commercial bank, announced its financial results for the first nine months of FY2015.
Financial results for the first nine months of FY2015 In the first nine months of FY2015, Aozora reported consolidated net revenue of 68.9 billion yen, business profit of 38.6 billion yen, and net income of 35.1 billion yen, representing progress of 72%, 73% and 82%, respectively, towards the full - year forecasts.
Shinsuke Baba, Representative Director, President and Chief Executive Officer of Aozora Bank commented, "In global markets, we have witnessed increasing uncertainty since last summer. Despite these conditions, we are pleased to report net income of 35.1 billion yen and remain on course to achieve our full-year forecast of 43.0 billion yen. This outcome reflects our efforts to leverage our updated business model's '6 Focuses,' as well as our ongoing attention to disciplined balance sheet management.
Today we announced a third quarter dividend of 5.0 yen per common share, and our full-year forecast remains 18.40 yen. We also remain committed to a 50% payout ratio for the full-year. The dividend payment was 4.0 yen in the first and second quarters.
"Baba concluded," Following the full repayment of public funds, weentered a new stage of development and will strive to further enhance Aozora's corporate value through the provision of differentiated services while taking full advantage of our expertise.
We also reaffirm our commitment to the forward-looking management of risk. I would like to express my gratitude to all of our stakeholders for their continued support."
Financial results for the first nine months of FY2015 In the first nine months of FY2015, Aozora reported consolidated net revenue of 68.9 billion yen, business profit of 38.6 billion yen, and net income of 35.1 billion yen, representing progress of 72%, 73% and 82%, respectively, towards the full - year forecasts.
Shinsuke Baba, Representative Director, President and Chief Executive Officer of Aozora Bank commented, "In global markets, we have witnessed increasing uncertainty since last summer. Despite these conditions, we are pleased to report net income of 35.1 billion yen and remain on course to achieve our full-year forecast of 43.0 billion yen. This outcome reflects our efforts to leverage our updated business model's '6 Focuses,' as well as our ongoing attention to disciplined balance sheet management.
Today we announced a third quarter dividend of 5.0 yen per common share, and our full-year forecast remains 18.40 yen. We also remain committed to a 50% payout ratio for the full-year. The dividend payment was 4.0 yen in the first and second quarters.
"Baba concluded," Following the full repayment of public funds, weentered a new stage of development and will strive to further enhance Aozora's corporate value through the provision of differentiated services while taking full advantage of our expertise.
We also reaffirm our commitment to the forward-looking management of risk. I would like to express my gratitude to all of our stakeholders for their continued support."
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