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Share Name | Share Symbol | Market | Type |
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Swedish Export Credit Capped Leveraged Index Return Notes Linked TO The S&P 500 Index | NYSE:SBK | NYSE | Ordinary Share |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 12.60 | 0.00 | 01:00:00 |
Sumitomo Mitsui Banking Revision of Earnings Forecast for the Six Months Ended September 30,2003 by Its Consolidated Subsidiary, The Minato Bank, Limited Sumitomo Mitsui Financial Group, Inc. ("SMFG") announced today that its consolidated subsidiary, The Minato Bank, Limited, revised its earnings forecast for the six months ended September 30, 2003 initially announced on May 26, 2003. (see Appendix) (Appendix) Minato Bank Announces Revision of Earnings Forecast for the Six Months Ended September 30, 2003 The Minato Bank, Limited ("Minato Bank") announced today the revision of its previous earnings forecast for the six months ended September 30, 2003. 1. Revision of Previous Earnings Forecast (for the six months ended September 30, 2003 ) (Non-consolidated) (Millions of Yen) Total Income Operating Profit Net Income (Loss) (Loss) ------------------------------------------------------------------------------------------------------------------------ Previous Forecast (A) 31,200 3,600 1,000 ------------------------------------------------------------------------------------------------------------------------ Revised Forecast (B) 38,800 3,600 1,100 ------------------------------------------------------------------------------------------------------------------------ Difference (B)-(A) 7,600 0 100 ------------------------------------------------------------------------------------------------------------------------ Percent Change 24.3% 0.0% 10.0% ------------------------------------------------------------------------------------------------------------------------ (Ref.) Previous 1st Half 36,240 3,683 1,246 ------------------------------------------------------------------------------------------------------------------------ (Consolidated) (Millions of Yen) Total Income Operating Profit Net Income (Loss) (Loss) ------------------------------------------------------------------------------------------------------------------------ Previous Forecast (A) 33,900 3,600 1,000 ------------------------------------------------------------------------------------------------------------------------ Revised Forecast (B) 41,600 4,800 1,900 ------------------------------------------------------------------------------------------------------------------------ Difference (B)-(A) 7,700 1,200 900 ------------------------------------------------------------------------------------------------------------------------ Percent Change 22.7% 33.3% 90.0% ------------------------------------------------------------------------------------------------------------------------ (Ref.) Previous 1st Half 39,063 3,439 640 ------------------------------------------------------------------------------------------------------------------------ (Note) Previous forecast was published on May 26, 2003. 2. Reason for Revision Increase in total income from the previous forecast is mainly due to higher gains on sale of bonds and equity securities. On the other hand, due to greater credit costs and other factors, operating profit and net income on a non-consolidated basis will be mostly the same as previously forecasted, while both of them will be higher on a consolidated basis. 3. Earnings Forecast for the Fiscal Year ended March 31, 2004 The earnings forecast for the fiscal year ended March 31, 2004 will be published at the announcement of financial results for the six months ended September 30, 2003 scheduled in November 2003.
1 Year Swedish Export Credit Capped Leveraged Index Return Notes Linked TO The S&P 500 Index Chart |
1 Month Swedish Export Credit Capped Leveraged Index Return Notes Linked TO The S&P 500 Index Chart |
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