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Michinoku Bank Ltd (8350.T)

8350.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Michinoku Bank raises consolidated full-year outlook for FY 2016
Tuesday, 26 Apr 2016 

Michinoku Bank Ltd:Says the bank increased the consolidated full-year outlook for ordinary income to 50,600 million yen from 46,500 million yen for the fiscal year ended March 31, 2016.Ordinary profit forecast increased to 7,100 million yen from 4,400 million yen.Net profit forecast increased to 4,900 million yen from 3,800 million yen.Earnings per share increased to 32.54 yen from 24.89 yen.Comments that recording of the gain on sales of investment securities and decreased expenses are the main reasons for the forecast.  Full Article

BRIEF- Michinoku Bank says adjustment of conversion price for first series convertible bonds

* Says it raises conversion price for first series convertible bonds to 2,072 yen per share from 207.8 yen per share, effective Oct. 1