j trust co ltd (8508) Snapshot

J Trust Co., Ltd. announced consolidated and non consolidated earnings results for the year ended March 31, 2013. For the year, on consolidated basis, the company reported net income of JPY 13,309 million or JPY 208.30 diluted net income per share on operating revenue of JPY 55,683 million compared to net income of JPY 34,500 million or JPY 567.68 diluted net income per share on operating revenue of JPY 24,508 million for the prior year. Operating and ordinary income were JPY 12,005 million and JPY 13,704 million against JPY 5,539 million and JPY 5,486 million of prior year. Return on equity was 23.8% against 111.4% of prior year. Net cash provided by operating activities was JPY 9,378 million against JPY 16,489 million of prior year. For the year, on non consolidated basis, the company reported net income of JPY 1,056 million or JPY 16.54 diluted net income per share on operating revenue of JPY 3,546 million compared to net income of JPY 683 million or JPY 11.24 diluted net income per share on operating revenue of JPY 3,090 million for the prior year. Operating and ordinary income were JPY 1,029 million and JPY 1,073 million against JPY 1,192 million and JPY 1,219 million of prior year. The company announced that it plans to pay year end dividend of JPY 5.00 per share with total dividend of JPY 10.00 per share for the fiscal year ending March 31, 2014. In 2013, the company has paid year end dividend of JPY 4.00 per share with total dividend of JPY 7.00 per share. The company provided consolidated and non consolidated earnings guidance for the six months ending September 30, 2013 and full year ending March 31, 2014. For the six months, on consolidated basis, the company forecasts net income of JPY 2,594 million or JPY 41.34 net income per share on operating revenue of JPY 31,576 million. The company forecasts operating and ordinary income of JPY 3,065 million and JPY 3,182 million. For the full year, on consolidated basis, the company forecasts net income of JPY 15,030 million or JPY 239.52 net income per share on operating revenue of JPY 72,620 million. The company forecasts operating and ordinary income of JPY 16,103 million and JPY 17,319 million. For the six months, on non consolidated basis, the company forecasts net income of JPY 731 million or JPY 11.66 net income per share on operating revenue of JPY 3,166 million. The company forecasts operating and ordinary income of JPY 702 million and JPY 734 million. For the full year, on non consolidated basis the company forecasts net income of JPY 1,719 million or JPY 27.40 net income per share on operating revenue of JPY 5,082 million. The company forecasts operating and ordinary income of JPY 1,675 million and JPY 1,725 million. The company announced that with effect from June 27, 2013, Nobiru Adachi currently advisor will be installed as Managing Director; Teruhiko Miwa currently General Manager of Corporate Management Department will be installed as Director, General Manager of Corporate Management Department; Taiji Hitachi currently General Manager of Accounting & Planning Department will be installed as Director, General Manager of Accounting & Planning Department; Satoshi Ando currently President & Representative Director of KC Card Co., Ltd. will be installed as Director; Makoto Miyoshi currently Director, General Manager of Corporate Strategy Department will be installed as Director in charge of Corporate Strategy Department, Treasury Department, and Public Relations & Investor Relations Department; Kazunori Kuroda currently Director in charge of Accounting & Planning Department will be installed as Director in charge of Internal Control & Risk Management Department and Legal Department; Norio Uemura currently Director of Sales will be installed as Director. The company also announced that Yasushi Hashimoto will be resigning as Director, Auditor and Yukihiro Nishikawa will be resigning as Director, General Manager of Legal Department.

J Trust Co., Ltd., 2013 Earnings Call, May 28, 2013

J Trust Co., Ltd. announced that they will report fiscal year 2013 results on May 14, 2013