Bank of Nova Scotia is reporting a jump in earnings for the second quarter ended April 300. The bank said profit rose partly due to a gain from a partial sale of its investment in a Japanese bank.

Scotiabank said Net income climbed to $786 million, or 75¢ a share, compared with $596 million, or 56¢, a year ago.

The bank raised its quarterly dividend by 5¢ to 30¢ per share.

Scotiabank said the results included a gain of $125 million — or $81 million after-tax, or 8¢ a share — from the sale of a portion of its investment holding in Shinsei Bank in Japan.

The bank also reported lower loan-loss provisions for its second quarter. It set aside $130 million, down from $248 million last year.

All three of the bank’s divisions — domestic banking, international banking and Scotia Capital — reported higher net income for the quarter.

Total revenue rose to $2.8 billion from $2.7 billion. Return on equity , rose to 21.8% from 17.2%.

“Along with substantial gains on investment securities, there was growth in both mortgage volumes and market share in Canada, as well as in retail brokerage and investment banking,” said Scotiabank CEO Rick Waugh Waugh, in a news release. “Our international operations also performed well — in particular, in Mexico and the Caribbean.