SBI Global Asset Management Expects 61% Jump in Full-Year Profit, Declares Higher Year-End Dividend
MT Newswires Live
Feb 20
SBI Global Asset Management (TYO:4765) has set an attributable profit forecast of 2.65 billion yen for the fiscal year ending March 31, up 61% from the 1.65 billion yen of the previous year.
The financial and asset management firm also expects net sales of 27 billion yen for the period, 133% higher than 11.6 billion yen a year ago, driven by the recent expansion of its consolidated structure, including the acquisition of SBI Okanan Asset Management and the absorption-type merger with Rheos Capital Works.
In a separate filing, the company resolved to set the year-end dividend at 13.75 yen per share, bringing the total annual dividend to 22.75 yen, which is higher than the 22 yen paid the prior year.
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