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Shizuoka Bank cuts H1 earnings guidance

Shizuoka BankLtd. lowered its net profit guidance for the six months endingSept. 30 due to goodwill depreciation from its affiliates.

The bank revised its outlook for the fiscal first half to¥14 billion from ¥23 billion, which it announced in May.

It will release full-year guidance in November when itdiscloses its earnings for the first half, according to a Sept. 28 document.

As of Sept. 28, US$1was equivalent to ¥100.73.