JAPAN POST BANK CO., LTD. Selected Financial Information
For the Three Months Ended June 30, 2023
August 10, 2023
Contents
Financial Highlights
１．Results of Operations | Consolidated | ・・P. | 2 |
２．Trend of Net Interest Income and Interest | Non-consolidated | ・・P. | 3 |
Rate Spread | |||
３．Net Fees and Commissions | Non-consolidated | ・・P. 4 | |
４．Trend of General and Administrative | Non-consolidated | ・・P. 5 | |
Expenses | |||
５．Financial Conditions | Non-consolidated | ・・P. | 6 |
６．Asset Management Status | Non-consolidated | ・・P. 7 | |
７．Unrealized Gains (Losses) on Financial | Non-consolidated | ・・P. 8 | |
Instruments | Consolidated | ||
８．Trend of Capital Adequacy Ratio | ・・P. | 9 | |
(Reference) Trend of Balance of Risk | Non-consolidated | ・・P.10 | |
Assets |
【Consolidated subsidiaries, etc.】
Consolidated | 9 companies |
Principal companies: | |
subsidiaries | JAPAN POST BANK LOAN CENTER Co., Ltd. |
Japan Post Investment Corporation | |
Affiliates accounted for | ATM Japan Business Service, Ltd. |
by the equity method | JP Asset Management Co., Ltd. |
Financial Data
１．Summarized Balance Sheets | Non-consolidated・・P.12 |
２．Income Analysis | Non-consolidated・・P.13 |
３．Net Interest Income | Non-consolidated・・P.14 |
４．Interest Rate Spread | Non-consolidated・・P.15 |
５．Average Balance, Interest, and Earnings | Non-consolidated・・P.16 |
Yield of Interest-Earning Assets and | |
Interest-Bearing Liabilities | |
６．General and Administrative Expenses | Non-consolidated・・P.17 |
７．Balances by Type of Deposit | Non-consolidated・・P.18 |
(Reference) Securitized Products Exposure | Non-consolidated・・P.19 |
Note： All Japanese yen figures in the financial statements of JAPAN POST BANK Co., Ltd. (the "Bank") and its consolidated subsidiaries (the "Group") have been rounded down. Accordingly, the total of each account may not be equal to the combined total of individual items.
Copyright© JAPAN POST BANK All Rights Reserved.
Financial Highlights
1. Results of Operations
Consolidated
- Net income attributable to owners of parent decreased by ¥1.9 bn year on year to ¥86.8 bn. It equated to 25.9% of the full-year earnings forecast and remained strong.
(¥bn, %) | |||
For the three months ended | Increase | ||
June 30, | June 30, | (Decrease) | |
Consolidated gross | 2022 (A) | 2023 (B) | (B) - (A) |
328.6 | 189.3 | (139.3) | |
operating profit | |||
Net interest income | 233.7 | 169.1 | (64.5) |
Net fees and | 37.7 | 38.6 | 0.9 |
commissions | |||
Net other operating | 57.1 | (18.4) | (75.6) |
income (loss) | |||
Gains (losses) on | 24.3 | (12.8) | (37.1) |
foreign exchanges | |||
Gains (losses) on | 32.7 | (5.6) | (38.4) |
bonds | |||
General and administrative | 236.6 | 237.3 | 0.6 |
expenses (*) | |||
Provision for general reserve | － | 0.0 | 0.0 |
for possible loan losses | |||
Consolidated net operating | 91.9 | (47.9) | (139.9) |
profit | |||
Non-recurring gains | 28.4 | 166.4 | 137.9 |
(losses) | |||
Net ordinary income | 120.4 | 118.4 | (1.9) |
Net income attributable to | 88.8 | 86.8 | (1.9) |
owners of parent | |||
【Reference**】 | |||
ROE | 3.80% | 3.71% | (0.09)% |
(based on shareholders' equity) | |||
OHR (basis including gains | 66.45% | 66.99% | 0.53 % |
(losses) on money held in trust) |
- Net interest income for the three months ended June 30, 2023 decreased by ¥64.5 bn year on year, mainly due to an increase in foreign currency funding costs.
Net fees and commissions increased by ¥0.9 bn year on year.
Net other operating income decreased by ¥75.6 bn year on year, due to a decrease in gains (losses) on foreign exchanges and gains (losses) on bonds. - General and administrative expenses increased by ¥0.6 bn year on year, due to an increase in non-personnel expenses.
- Non-recurringgains increased by ¥137.9 bn year on year, due to an increase in gains on sales of stocks associated with operations for risk controls and a contribution of gains related to private equity funds and real estate funds.
- Net ordinary income decreased by ¥1.9 bn year on year, and equated to 25.2% of the full-year earnings forecast of ¥470.0 bn.
- Net income attributable to owners of parent equated to 25.9% of the full-year earnings forecast of ¥335.0 bn.
- Net interest income for the three months ended June 30, 2023 decreased by ¥64.5 bn year on year, mainly due to an increase in foreign currency funding costs.
- General and administrative expenses exclude non-recurring losses.
- Calculation for financial targets in the Medium-term Management Plan (FY2022/3 - FY2026/3) ROE = net income attributable to owners of parent / [(sum of total net assets at the beginning
and the end of the period) / 2] x 100OHR = general and administrative expenses / (net interest income, etc. + net fees and commissions)
x 100
Net interest income, etc. = interest income - interest expenses (including gains (losses) on sales, etc.)
Copyright© JAPAN POST BANK All Rights Reserved. | 2 |
2. Trend of Net Interest Income and Interest Rate Spread Non-consolidated
- Net interest income decreased by ¥64.8 bn year on year to ¥168.8 bn and interest rate spread was 0.29% for the three months ended June 30, 2023.
- Net interest income decreased mainly due to an increase in foreign currency funding costs associated with a rise in overseas interest rates.
(¥bn) | |||||||||||||
Net interest income（right hand-scale） | (¥bn) | For the three months ended | Increase | ||||||||||
June 30, | June 30, | (Decrease) | |||||||||||
1.2% | 1,200 | 2022 (A) | 2023 (B) | (B) - (A) | |||||||||
1,147.5 | Net interest income | 233.6 | 168.8 | (64.8) | |||||||||
Interest rate spread | Interest income | 306.3 | 337.9 | 31.5 | |||||||||
Interest on Japanese | |||||||||||||
67.2 | 47.7 | (19.4) | |||||||||||
1.0% | 976.8 | 1,000 | government bonds | ||||||||||
961.8 | Interest on foreign | 221.1 | 268.6 | 47.5 | |||||||||
securities | |||||||||||||
Strategic investment | 45.8 | 32.6 | (13.2) | ||||||||||
areas(*) | |||||||||||||
785.1 | Interest expenses | 72.7 | 169.1 | 96.4 | |||||||||
0.8% | 800 | 【(Reference) Trend of Net Interest Income and Non-recurring | |||||||||||
- | March | (¥bn) | Gains (Losses) related to Strategic Investment Areas】 | ||||||||||
July | |||||||||||||
0.6% | 600 | 400 | Non-recurring gains (losses)(**) | 329.4 | |||||||||
0.52% | |||||||||||||
0.47% | 300 | Net interest income(*) | |||||||||||
0.45% | 146.5 | ||||||||||||
191.5 | |||||||||||||
200 | |||||||||||||
0.4% | 0.34% | 400 | |||||||||||
96.3 | |||||||||||||
0.29% | 100 | 57.8 | 48.6 | ||||||||||
322.9 | 182.9 | ||||||||||||
16.0 | |||||||||||||
13.5 | 95.1 | ||||||||||||
0.2% | 256.6 | 200 | 0 | 44.3 | 32.6 | ||||||||
233.6 | |||||||||||||
193.3 | FY2021/3 | FY2022/3 | FY2023/3 | ||||||||||
168.8 | FY2024/3 | ||||||||||||
April-June | 1Q | ||||||||||||
（ | ） | ||||||||||||
Fiscal year | (Period) | ||||||||||||
0.0% | 0 | ♦Net income related to strategic investment areas contribute to | |||||||||||
FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | FY2024/3 | non-recurring gains (losses) in addition to net interest income. | ||||||||
（Fiscal year） | * Private equity funds (profit distribution) and real estate funds (debt), etc. |
** Private equity funds (redemption gains (losses)) and real estate funds (equity・debt), etc. |
Copyright© JAPAN POST BANK All Rights Reserved. | 3 |
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Japan Post Bank Co. Ltd. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 07:57:01 UTC.
