{"id":81958,"date":"2013-05-16T10:17:24","date_gmt":"2013-05-16T01:17:24","guid":{"rendered":"http:\/\/fukuoka-now.com\/?post_type=news&p=36856"},"modified":"2016-04-01T02:58:03","modified_gmt":"2016-03-31T17:58:03","slug":"ffg-records-highest-profit-on-record","status":"publish","type":"news","link":"https:\/\/www.fukuoka-now.com\/en\/news\/ffg-records-highest-profit-on-record\/","title":{"rendered":"FFG Records Highest Profit on Record"},"content":{"rendered":"

On May 13 Fukuoka Financial Group released its consolidated financial statement for the fiscal year ended March 2013 which reveals the company recorded its highest net profit on record. At \u00a532.59 billion, net gains increased for the second consecutive year and outpaced last year\u2019s figure by 13.8%. Increased competition and low interest rates led to a smaller profit margin and capital profit ratio, but the massively reduced cost of credit led to an increased net profit. Total net profits from the three banks that constitute FFG\u2019s core business (Fukuoka Bank, Shinwa Bank and Kumamoto Bank) rose 1.8% to \u00a576.89 billion. Meanwhile, ordinary profits soared 82.3% to \u00a568.77 billion\u2014the highest on record. President Tani remarked that \u201cthis level is consistent with the final year of our mid-term management plan.\u201d The company\u2019s projections call for \u00a548 billion in ordinary profit and \u00a527 billion in net gains next year. Source: Nishinippon Shimbun, May 15 <\/p>\n

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On May 13 Fukuoka Financial Group released its consolidated financial statement for the fiscal year ended March 2013 which reveals the company recorded its highest net profit on record. At \u00a532.59 billion, net gains increased for the second consecutive year and outpaced last year\u2019s figure by 13.8%. Increased competition and low interest rates led to a smaller profit margin and capital profit ratio, but the massively reduced cost of credit led to an increased net profit. Total net profits from the three banks that constitute FFG\u2019s core business (Fukuoka Bank, Shinwa Bank and Kumamoto Bank) rose 1.8% to \u00a576.89 billion. Meanwhile, ordinary profits soared 82.3% to \u00a568.77 billion\u2014the highest on record. President Tani remarked that \u201cthis level is consistent with the final year of our mid-term management plan.\u201d The company\u2019s projections call for \u00a548 billion in ordinary profit and \u00a527 billion in net gains next year. Source: Nishinippon Shimbun, May 15<\/p>\n","protected":false},"author":6391,"featured_media":36857,"comment_status":"open","ping_status":"open","template":"","tags":[],"class_list":["post-81958","news","type-news","status-publish","has-post-thumbnail","hentry","news-category-business","en-US"],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news\/81958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/types\/news"}],"author":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/users\/6391"}],"replies":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/comments?post=81958"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media\/36857"}],"wp:attachment":[{"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/media?parent=81958"}],"wp:term":[{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.fukuoka-now.com\/wp-json\/wp\/v2\/tags?post=81958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}