Key Developments: Fukuoka Financial Group Inc (8354.T)
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¥475
¥492
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2,476,000
5,545,233
¥535
¥273
Latest Key Developments (Source: Significant Developments)
Fukuoka Financial Group Inc Amends Full-year Consolidated Outlook and Year-end Dividend Forecast for FY 2013
Fukuoka Financial Group Inc announced that it has amended its full-year consolidated outlook for revenue from an undetermined value to JPY 252,000 million, ordinary profit from JPY 52,500 million to JPY 66,000 million, net profit from JPY 28,000 million to JPY 30,000 million, and earnings per share from JPY 32.28 to JPY 34.61, for the fiscal year ending March 31, 2013. This is due to the increase in market-related income and reduction in credit cost. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 236,230 million, operating profit of JPY 84,650 million and net profit of JPY 30,930 million, for the same fiscal year. The Company also has raised its year-end dividend forecast from JPY 4.00 per share to JPY 6.00 per share, for the same fiscal year. Full Article
Fukuoka Financial Group Inc Raises Consolidated Mid-year Outlook for FY 2013
Fukuoka Financial Group Inc announced that it has changed its consolidated mid-year outlook for revenue from an undetermined value to JPY 127,200 million, ordinary profit from JPY 25,500 million to JPY 29,400 million, net profit from JPY 15,000 million to JPY 19,800 million and earning per share from JPY 17.30 to JPY 22.89, for the fiscal year ending March 2013. The Company raised the outlook due to the increased revenue and the less-than-expected tax cost, among others. Full Article
Fukuoka Financial Group, Inc.'s Subsidiary to Fully Acquire Maeda Securities Co., Ltd.
Fukuoka Financial Group, Inc. announced that its subsidiary, THE BANK OF FUKUOKA, LTD., has decided to fully acquire Maeda Securities Co., Ltd. through a stock swap, effective April 1, 2012. One Maeda Securities share can be exchanged to one BANK OF FUKUOKA share. After the acquisition, Maeda Securities will become a wholly owned subsidiary of THE BANK OF FUKUOKA. Full Article
Fukuoka Financial Group, Inc.'s Subsidiary to Acquire Maeda Securities Co., Ltd.
Fukuoka Financial Group, Inc. announced that its subsidiary, THE BANK OF FUKUOKA, LTD., will acquire Maeda Securities Co., Ltd. through a stock swap. After the acquisition, Maeda Securities will become a wholly owned subsidiary of THE BANK OF FUKUOKA, effective April 1, 2012. Full Article
Yamashita Medical Instruments Co., Ltd. Forms Business Alliance with Fukuoka Financial Group,Inc.'s Subsidiaries-Multilateral Investment Development Corporation
Multilateral Investment Development Corporation reported that Yamashita Medical Instruments Co., Ltd. has formed a business alliance with Fukuoka Financial Group,Inc.'s three subsidiaries, Shinwa Bank Ltd., THE BANK OF FUKUOKA, LTD and The Kumamoto Family Bank, Ltd. Through the business alliance, the four companies will work together on the clinic opening loan businesses. Full Article
R&I Affirms Fukuoka Financial Group, Inc.'s Rating at "A"; Rating Outlook Stable
Rating and Investment Information, Inc. (R&I) announced that it has affirmed the rating on Fukuoka Financial Group, Inc. at "A". The rating outlook is stable. Full Article
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