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Last $4.29 USD
Change Today 0.00 / 0.00%
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As of 8:10 PM 09/2/15 All times are local (Market data is delayed by at least 15 minutes).

shinsei bank ltd-spon adr (SKLKY) Key Developments

Shinsei Bank, Limited Reports Unaudited Consolidated and Nonconsolidated Earnings Results for the First Quarter Ended June 30, 2015; Provides Consolidated and Nonconsolidated Earnings Guidance for the Fiscal Year 2016; Provides Dividend Guidance for the Fiscal Year 2016

Shinsei Bank, Limited reported unaudited consolidated and nonconsolidated earnings results for the first quarter ended June 30, 2015. For the quarter, on consolidated basis, the company’s total revenue was ¥57.9 billion compared with ¥57.8 billion for the same period last year. Ordinary business profit was ¥23.0 billion compared with ¥22.8 billion for the same period last year. Income before income taxes was ¥23.5 billion compared with ¥21.4 billion for the same period last year. Profit attributable to owners of parent was ¥22.5 billion or ¥8.48 per basic share compared with ¥19.9 billion or ¥7.53 per basic share for the same period last year. Return on assets was 1.0% against 0.9% a year ago. Return on equity (fully diluted) was 12.2% against 12.1% a year ago. Cash basis profit attributable to owners of parent was ¥24.2 billion or ¥9.15 per diluted share compared with ¥21.9 billion or ¥8.28 per diluted share for the same period last year. For the quarter, on nonconsolidated basis, the company’s total revenue was ¥31.2 billion compared with ¥32.8 billion for the same period last year. Net income was ¥19.4 billion compared with ¥16.7 billion for the same period last year. Ordinary business profit was ¥12.6 billion compared with ¥14.3 billion for the same period last year. Income before income taxes was ¥19.2 billion compared with ¥16.6 billion for the same period last year. Full fiscal year of fiscal 2016, the company expected consolidated net income attributable to owners of parent forecast at ¥70.0 billion, and consolidated cash basis net income forecast at ¥76.0 billion. Nonconsolidated net income is expected at ¥42.0 billion and net business profit at ¥37.0 billion. For the full year of fiscal year 2015, the company expects dividend of ¥1.00 per common stock against same amount a year ago.

Shinsei Bank, Limited to Report Q1, 2016 Results on Jul 30, 2015

Shinsei Bank, Limited announced that they will report Q1, 2016 results on Jul 30, 2015

Shinsei Bank, Limited, Q1 2016 Earnings Call, Jul 30, 2015

Shinsei Bank, Limited, Q1 2016 Earnings Call, Jul 30, 2015

US Hedge Funds In Pursuit Of GE Stake

Once first-round bids are called for on General Electric Capital Corporation, the hedge funds planned to search for a consortium to join in pursuit of the offering, they added. TPG Capital, L.P. and The Blackstone Group L.P. (NYSE:BX) are partnering in their pursuit of the GE business, using Bank of America Merrill Lynch as their adviser. Macquarie Group Limited (ASX:MQG) is expected to join with York Capital Group Limited and potentially the JCFlowers-backed Shinsei Bank, Limited (TSE:8303), while Varde Partners is matched with Deutsche and Kohlberg Kravis Roberts after the trio worked together to buy GE's consumer lending business earlier this year. Davidson Kempner Capital Management LLC and King Street Capital Management, L.P. is said to have expressed interest. The Carlyle Group LP (NasdaqGS:CG) is also thought to be a suitor, while other lenders, such as Bank of Queensland Ltd. (ASX:BOQ), Bendigo and Adelaide Bank Limited (ASX:BEN) and FlexiGroup Limited (ASX:FXL), are also likely to be weighing up a potential acquisition, along with Pacific Equity Partners.

Shinsei Bank Announces Management Changes

Shinsei Bank, Limited announced management changes. Shigeki Toma resigned as director. Hideyuki Kudo is appointed as representative director, president and chief executive officer from his previous position as managing executive officer. The company also announced resignation of Hitomi Sato and Shigeru Tsukamoto as senior managing executive officers and Satoshi Koiso as managing executive officer. As of July 1, 2015, the company appointed Takako Masai as executive officer, general manager, markets research division from his former position executive officer, head of markets research department, markets sub-group. Ryuichi Tomimura resigned as Audit & Supervisory board member.

 

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