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SBI Shinsei Bank surges in afternoon trading as FY2026/3 net profit exceeds previous forecast
SBI Shinsei Bank,Limited <8303> surged in afternoon trading. Around 11:30 a.m., the company announced that its consolidated net profit forecast for the fiscal year ending March 2026, which is still being compiled, appears to have landed at 113.0 billion yen (up 33.7% from the previous year), exceeding the previous forecast of 100.0 billion yen. This announcement prompted buying. The upward revision was attributed to expanded interest margin income and fee income from corporate lending, individual deposits, and housing loans, as well as increased investment income from securities operations. In line with the earnings beat, the company raised its year-end dividend forecast from 34 yen to 42 yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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