Last $3.51 USD
Change Today +0.05 / 1.45%
Volume 600.0
SKLKY On Other Exchanges
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As of 1:49 PM 12/26/14 All times are local (Market data is delayed by at least 15 minutes).

shinsei bank ltd-spon adr (SKLKY) Key Developments

Three Buyers Reportedly Seeks To Acquire Citi's Credit Card Business In Japan

Isetan Mitsukoshi Holdings Ltd. (TSE:3099), Shinsei Bank, Limited (TSE:8303) and JCB Co Ltd have emerged to make a joint bid for Citigroup Inc. (NYSE:C) credit card business in Japan, Reuters reproted citing Nikkei. Shinsei is expected to be the main buyer, with JCB assisting with account settlements and Isetan Mitsubishi providing department store services to cardholders. The companies have not yet decided what they will pay for the business. Citi declined to comment or confirm the report.

Shinsei Bank, Limited Presents at Nomura Investment Forum 2014, Dec-02-2014

Shinsei Bank, Limited Presents at Nomura Investment Forum 2014, Dec-02-2014 . Venue: The Palace Hotel Tokyo, Tokyo, Japan.

Four Banks Likely To Bid For Citi's Consumer Banking Business

Shinsei Bank, Limited (TSE:8303), Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank and Resona Bank, Limited are likely to participate in the second round of bid for Citigroup Inc. (NYSE:C) consumer banking business in Japan, bankers with knowledge of the matter said. The sale also includes Citibank's Diners Club card business. The highest offer for the unit was around ¥50 billion in the first round of bid and the bidders in the second round may now offer less than that after taking a closer look at the unit's assets, said a bank executive. Citi is expected to pick a buyer for the Japanese business as early as in December 2014.

Shinsei Bank To Postpone Listing Of REIT

Shinsei Bank, Limited (TSE:8303) plans to postpone the listing of a health-care real estate investment trust. Shinsei and its partners plan to list the REIT in 2015 instead of 2014, said Takashi Fujimura, Chief Executive Officer and President of Japan Senior Living Partners Inc. The bank plans to list the REIT with ¥50 billion and eventually double the size to ¥100 billion, he said. “The health-care market in Japan has become bubble-like,” said Fujimura in an interview on November 4, 2014. “The prices are being pushed up so fast that some buyers don’t know what the right price is anymore.”

Shinsei Bank, Limited Reports Consolidated and Non-Consolidated Earnings Results for the Six Months Ended September 30, 2014

Shinsei Bank, Limited reported consolidated and non-consolidated earnings results for the six months ended September 30, 2014. For the period, on consolidated basis, the company reported total revenue of JPY 111.1 billion against JPY 100.2 billion reported in the same period a year ago. Income before income taxes and minority interests was JPY 32.2 billion against JPY 27.6 billion for the same period in the last year. Net interest income was JPY 60.5 billion against JPY 55.0 billion for the same period in the last year. Net income was JPY 28.9 billion against JPY 27.2 billion for the same period in the last year. Return on assets was 0.6% against 0.6% for the same period in the last year. Return on equity (fully diluted) was 8.6% against 8.6% for the same period in the last year. Cash basis return on assets was 0.7% against 0.7% for the same period in the last year. Cash basis return on equity (fully diluted) was 10.3% against 10.7% for the same period in the last year. Increase in the net interest income was due to a reduction in funding costs and revenue increase as result of the growth of the consumer finance business loan balance despite sluggish growth of operating assets in the Institutional Group. Non-consolidated basis, the company reported total revenue of JPY 56.6 billion against JPY 47.8 billion reported in the same period a year ago. Net interest income was JPY 43.7 billion against JPY 37.5 billion for the same period in the last year. Net income was JPY 19.3 billion against JPY 15.5 billion for the same period in the last year.

 

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Price/Book 0.8x
Price/Cash Flow 12.5x
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