• Bloomberg

  • SHARE

Aozora Bank Ltd. said Wednesday its full-year profit plunged 94 percent as credit-market losses swelled.

Net income fell to ¥5 billion in the year ended March 31 from ¥81.5 billion a year earlier, the bank, controlled by U.S. equity investment firm Cerberus Capital Management LP, said in a preliminary earnings statement to the Tokyo Stock Exchange.

Unable to view this article?

This could be due to a conflict with your ad-blocking or security software.

Please add japantimes.co.jp and piano.io to your list of allowed sites.

If this does not resolve the issue or you are unable to add the domains to your allowlist, please see out this support page.

We humbly apologize for the inconvenience.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.

SUBSCRIBE NOW