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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.
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