Aozora Bank Ltd. said Wednesday that it expects a 23 percent decline in full-year profit after writing down the value of investments related to U.S. home loans and on lower income from bond trading.
Net income will fall to ¥62.6 billion for the year ending next March, from ¥81.5 billion, the bank said. The forecast is 26 percent lower than its earlier expectation of ¥84.5 billion.
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