March 27 (Reuters) - Michinoku Bank Ltd <8350.T>:Says it appoints Kunihiro Takada as chairman of the board and Takayuki Fujisawa as president, effective June 27 .
Sept 20(Reuters) - Michinoku Bank Ltd <8350.T>:Says it raises conversion price for first series convertible bonds to 2,072 yen per share from 207.8 yen per share, effective Oct. 1.
Michinoku Bank Ltd <8350.T>: Says the co to distribute 4.6 million shares of its treasury common stock through private placement to SMBC Nikko Securities Inc. . Says the co to issue 30.4 million shares via public offering .Says the co will raise 7.21 billion yen in total to fund working capital.
Michinoku Bank Ltd:Says the bank increased the consolidated full-year outlook for ordinary income to 50,600 million yen from 46,500 million yen for the fiscal year ended March 31, 2016.Ordinary profit forecast increased to 7,100 million yen from 4,400 million yen.Net profit forecast increased to 4,900 million yen from 3,800 million yen.Earnings per share increased to 32.54 yen from 24.89 yen.Comments that recording of the gain on sales of investment securities and decreased expenses are the main reasons for the forecast.
Michinoku Bank Ltd:Says the company raised the consolidated mid-year outlook for revenue to 23,400 million yen from 22,500 million yen, for FY ending March 2016.Raises the ordinary profit forecast to 2,800 million yen from 2,000 million yen.Net profit attributable to parent company's shareholders forecast increased to 2,300 million yen from 1,800 million yen.Earnings per share increased to 15.68 yen from 11.75 yen.Comments the increased profit from core businesses and decreased credit related expenses are the main reasons for the forecast.
Michinoku Bank Ltd:Sees full-year consolidated revenue outlook of 40,100 mln yen raised from 39,000 mln yen, for fiscal year ended March 31, 2015.Full-year ordinary profit outlook of 6,800 mln yen raised from 5,100 mln yen.Full-year net profit outlook of 3,400 mln yen.Full-year earnings per share outlook of 22.43 yen raised from 22.05 yen.Outlook raised due to increase in net fees and commissions and decrease in operating expense.
Michinoku Bank Ltd:To acquire 135,000 shares of Aomori-based company MICHINOKULEASE from Tokyo-based company JA Mitsui Leasing.Says to increase voting rights in MICHINOKULEASE to 80 pct (144,000 shares) from 5 pct (9,000 shares).Planned effective April 1, 2015.Transaction amount to be decided.
Michinoku Bank Ltd:Says the company confirmed the consolidated mid-year outlook for revenue at 19,000 million yen for the fiscal year ending March 2015.Sees an increase of ordinary profit forecast to 2,500 million yen from 1,800 million yen.Sees an increase of net profit forecast to 2,100 million yen from 1,300 million yen.Sees an increase of earnings per share to 14.71 yen from 9.11 yen.Says outlook raised due to the increased sales income of main businesses, as well as the decreased credit limited expenses.
Michinoku Bank Ltd:Raised full-year consolidated outlook for fiscal year ended March 31, 2014.Full-year revenue outlook of 41,600 mln yen raised from 40,000 mln yen.Full-year ordinary profit outlook of 5,900 mln yen raised from 4,200 mln yen.Full-year net profit outlook of 3,700 mln yen raised from 3,300 mln yen.Full-year earnings per share outlook of 24.09 yen raised from 21.29 yen.Outlook raised due to decrease in credit related expense.
Michinoku Bank Ltd:Completed the liquidation of a wholly owned subsidiary Michinoku Preferred Capital Cayman Limited, which has been engaged in preferred securities issuance business, on Feb. 17.