On May 13 the Fukuoka Financial Group (FFG) announced its consolidated financial statement as of March 2019 and a new mid-term management plan for the next three years. The gross revenue for the group rose by 3.6% from the previous year and totaled ¥246 billion. For the next three years, the company aims to review and promote the efficiency of 20% of its operational tasks and allocate more budget top sales and development of new businesses. It targets to produce a yearly profit of ¥57 billion by the end of the term. FFG also estimates the effect of the merger with the Eighteenth Bank will amount to an extra profit of ¥10 billion by 2024. Source: Sankei News, 5/14/2019
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