Shinsei Bank said Wednesday its group operating revenue in the fiscal first half more than doubled from the year before to 253.61 billion yen as it consolidated the earnings results of its new consumer-loan and leasing-service units into the group results.
But the group net profit in the six months to September fell 7.6 percent to 37.71 billion yen, with net profit per share falling to 26.33 yen from 28.60 yen in the same period the previous year, according to the bank, which debuted on the first section of the Tokyo Stock Exchange in February 2004.
Its pretax profit surged 17.9 percent to 33.70 billion yen.
The bank, which bought consumer finance firm Aplus Co. in 2004 and leasing firm Showa Leasing Co. earlier this calendar year, said it began integrating the results of the two firms on its income statement in the latest fiscal first half.
For the full fiscal year, Shinsei Bank forecast its pretax profit will be 62 billion yen and its net profit will amount to 63 billion yen, on projected operating revenue of 510 billion yen.
Pretax profit in the previous fiscal year was 54.45 billion yen and net profit was 67.44 billion yen.
Shinsei Bank, formerly Long-Term Credit Bank of Japan -- which went through a high-profile nationalization and then privatization -- said it will hike its interim dividend to 1.48 yen per common share, up from 1.29 yen a year ago.
The full-year dividend is likely to come to 2.96 yen per common share, up from 2.58 yen the previous fiscal year.