Seven Bank, Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2019; Provides Consolidated and Non Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2020
May 10, 2019 at 12:00 am EDT
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Seven Bank, Ltd. reported consolidated and non-consolidated earnings results for the full year ended March 31, 2019. For the year on consolidated basis, the company reported ordinary income of ¥147,288 million against ¥127,656 million a year ago. Ordinary profit was ¥40,714 million against ¥38,305 million a year ago. Net income was ¥13,230 million against ¥25,298 million a year ago. Basic earnings per share was ¥11.11 compared to ¥21.24 a year ago. Diluted earnings per share was ¥11.09 compared to ¥21.20 a year ago.
For the full year, on non-consolidated basis, the company reported ordinary income of ¥119,567 million against ¥116,650 million a year ago. Ordinary profit was ¥43,059 million against ¥42,262 million a year ago. Net income was ¥14,572 million against ¥29,106 million a year ago. Basic earnings per share was ¥12.23 compared to ¥24.43 a year ago. Diluted earnings per share was ¥12.21 compared to ¥24.39 a year ago.
For the first half, on consolidated basis, the company expected ordinary income of ¥73,600 million, ordinary profit of ¥20,600 million, net income attributable to owners of the parent of ¥13,800 million and net income per share of ¥11.66.
For the full year ending March 31, 2020, on consolidated basis, the company expected ordinary income of ¥148,900 million, ordinary profit of ¥39,700 million, net income attributable to owners of the parent of ¥26,700 million and net income per share of ¥22.61.
For the first half, on non-consolidated basis, the company expected ordinary income of ¥59,600 million, ordinary profit of ¥21,800 million, net income attributable to owners of the parent of ¥15,100 million and net income per share of ¥12.76.
For the full year ending March 31, 2020, on non-consolidated basis, the company expected ordinary income of ¥120,200 million, ordinary profit of ¥41,700 million, net income of ¥28,900 million and net income per share of ¥24.47.
Seven Bank Ltd is engaged in the provision of financial services such as automatic teller machine (ATM) service, Internet banking service, and loan service. The Company operates its business through two business segments. Domestic Business segment is involved in the ATM platform business that installs ATMs at stores such as Seven-Eleven and Ito-Yokado, as well as at airports, stations, financial institution stores. The Segment also provides settlement account services including ordinary deposits, time deposits, loan services, overseas money transfer services, debit services, as well as the contract work from other financial institutions. The Overseas Business segment provides ATM services mainly in the United States and Indonesia. The Company also conducts investment advisory business.
Seven Bank, Ltd. Reports Consolidated and Non-Consolidated Earnings Results for the Full Year Ended March 31, 2019; Provides Consolidated and Non Consolidated Earnings Guidance for the First Half and Full Year Ending March 31, 2020