Seven Bank, Ltd. Announces Consolidated and Non-Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Announces Semi Annual Dividend for the Fiscal Year Ending March 31, 2017 Payable on December 1, 2016; Expects to Pay Year End Dividend for the Fiscal Year Ending March 31, 2017
November 04, 2016 at 09:00 am EDT
Share
Seven Bank Ltd. announced consolidated and non-consolidated earnings results for the six months ended September 30, 2016. For the period, on non-consolidated basis, the company reported ordinary income of JPY 56.8 billion as compared to JPY 55.3 billion for the same period last year. Ordinary profit was JPY 20 billion as compared to JPY 19.8 billion for the same period last year. Net income was JPY 13.8 billion as compared to JPY 13.2 billion for the same period last year. Net income per share was JPY 11.59 against JPY 11.10 a year ago. EBITDA was JPY 28.6 billion as compared to JPY 28.4 billion for the same period last year. Income before income taxes was JPY 19.993 billion against JPY 19.754 billion a year ago.
For the six months, on consolidated basis, the company reported ordinary income of JPY 61.2 billion as compared to JPY 60 billion for the same period last year. Ordinary profit was JPY 19 billion as compared to JPY 18.9 billion for the same period last year. Net income attributable to owners of the parent was JPY 12.9 billion as compared to JPY 12.7 billion for the same period last year. Diluted earnings per share were JPY 10.88 against JPY 10.68 a year ago. Income before income taxes was JPY 19.0 billion against JPY 18.853 billion a year ago.
The company provided non-consolidated and consolidated earnings guidance for the fiscal year ending March 31, 2017. For the year, on non-consolidated basis, the company expects ordinary income of JPY 113.8 billion, ordinary profit of JPY 39.5 billion, net income of JPY 27.2 billion or JPY 22.82 income per share and EBITDA of JPY 57.3 billion.
For the year, on consolidated basis, the company expects ordinary income of JPY 123.1 billion, ordinary profit of JPY 37.6 billion and net income of JPY 25.6 billion or JPY 21.48 income per share.
The company announced semi annual dividend of JPY 4.25 per share for the fiscal year ending March 31, 2017 against JPY 4.00 per share a year ago. The company will pay dividend on December 1, 2016.
The company expected to pay year end dividend of JPY 4.25 per share for the fiscal year ending March 31, 2017 against JPY 4.50 per share a year ago.
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. Announces Consolidated and Non-Consolidated Earnings Results for the Six Months Ended September 30, 2016; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Announces Semi Annual Dividend for the Fiscal Year Ending March 31, 2017 Payable on December 1, 2016; Expects to Pay Year End Dividend for the Fiscal Year Ending March 31, 2017
SEVEN BANK, LTD. 
