Suruga Bank (8358 JP): One Step Back, but Several Steps Forward
FY3/2020 consolidated results were slightly below guidance and FY3/2021 guidance suggests consolidated net profits may fall as much as 76% YoY to...
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Chiba – Infinitely Higher Provisions
To be sure, the provisioning policy of Chiba Bank (8331 JP) is unusual. The bank opted to take no provisions during several quarters in the past...
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MUFG – Painful to Watch
*MUFG Pre-Announcement: According to Mitsubishi UFJ Financial Group (8306.JP) [MUFG], FY 2019 preliminary profit declined to its lowest level in a...
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Japan Mega-Banks – Fukuoka Financial A Harbinger For Results Season
*Pre-Announcement Has Sector Implications: Fukuoka Financial Group (8354.JP) [FFG] recently announced a revision to its FY 2019 consolidated net...
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Orix - Lending, Insurance, Aircraft & Ship Leasing, No Shortage Of Risks
The Japan financial conglomerate saw its returns down dramatically during the last crisis, even if not in loss as happened with many banks. This...
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