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Japan Exchange forecasts 14.2% YOY decline in fiscal 2016-2017 net income

Japan Exchange Group Inc. expects a 14.2% year-over-year decline in net income attributable to the owners for the fiscal year ending March 31.

The company said it expects its net income attributable to the owners to come in at ¥38.50 billion, or ¥70.32 per basic share. Operating income and operating revenue for the fiscal year are expected to total ¥54.00 billion and ¥106 billion, respectively, down 18.5% and 7.6% from the prior-year period.

The company also expects a fiscal year-end dividend of ¥21 per share, down from ¥29 per share in the prior-year period. Together with a second-quarter dividend of ¥21 per share, the total dividend for the fiscal year is expected to be at ¥42 per share.

As of Jan. 27, US$1 was equivalent to ¥115.07.