CORRECT: Shinsei Bank Raises Fiscal Year 2012 Net Profit Forecast To Y51 Billion
01 Oktober 2010 - 3:46AM
Dow Jones News
Shinsei Bank Ltd. (8303.TO) said Tuesday it raised its net
profit outlook in the fiscal year ending March 2013 to Y51 billion
from its previous forecast of Y32 billion, by accelerating
cost-cutting.
The Tokyo lender, about 28.8%-owned by U.S. investment firm J.C.
Flowers & Co., said expenses are expected to decrease an
additional Y12 billion to Y140 billion from the earlier forecast of
Y152 billion.
Shinsei expects total revenue of Y258 billion for the fiscal
year ending March 2013.
-By Atsuko Fukase, Dow Jones Newswires; 813-6269-2792;
atsuko.fukase@dowjones.com
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