Financial Results for FY2022

May 12, 2023

Financial Results for FY2022

Highlights

2～3

4

5

Main Points of FY22 Financial Results / Change of Ordinary Profit

～

8

6

Loans (Balance/ Individual and Corporate) /Average Yield of Loans /Net Interest Income

～

Deposits

9

Customer Assets under Custody / Fees from Corporate Customers

10～11

Securities / Strategic Shareholdings

12

Expenses / OHR

13

Credit Related Costs

14

Status of Non-performing Loans and Delinquent Loans

15

Shareholder Returns / Capital Adequacy Ratio

16

Forecast for FY2023

17～18

Medium- and Long-Term Earnings Prospects

19

【Data】 (1) Status of Investment Securities

21～24

(2) Breakdown of Banking Subsidiaries

25～29

*Unless otherwise mentioned, figures are on non-consolidated basis

1

Highlights

(1) Results for FY22

Compared to

Results for FY22

YoY Change

Revised forecast

in Feb.2023

Profit from customer services（*1）

44.3bn

+11.0bn

-

Core net business income（*2）

（Banks' total）

81.6bn

-3.0bn

-

Gains/losses on securities (*3）

-27.0bn

-24.7bn

-

Net income attributable to owners of the

(Consolidated )

32.1bn

-10.7bn

+2.1bn

parent

  • Profit from customer services (*1), the core business, increased significantly over the previous year (+¥11.0 bn YoY) , driven by the improvement of deference of interests between loans and deposits, the increase of fees and commissions and cost reduction, and was the highest since our business integration in Oct. 2016.
  • On the other hand, consolidated net income decreased by ¥10.7bn YoY to ¥32.1bn, due to the decrease of

securities income by a surge in foreign currency interest rates, gains/losses on securities (*3) of - ¥27.0bn by sales of foreign and domestic bonds for risk control and improving periodic profit .

（*1） Difference of interests between loans and deposits＋Fees from Customers＋Expenses（-）

（*2） Excluding gains/losses on cancellation of investment trusts and futures and options

（*3） Gains/losses on "Bond transactions +Related to stocks+Cancellation of investment trusts + Futures and options"

(2) Forecast for FY23

Forecast for FY23

YoY Change

Net income attributable to owners of the

(Consolidated )

40.0bn

+7.8bn

parent

2

Highlights

  1. Shareholder Returns in FY23 (scheduled)
    • Total return ratio in FY23 will be 53.3% (scheduled).

Annual Dividends

11.0 (scheduled)

(Interim 5.5、Year-end5.5)

Per Share

Share Acquisition

10bn (maximum)

(Period of purchase :

35mil shares(maximum)

From May 15, 2023 to Sep. 22, 2023)

Total Return Ratio

53.3%

(Calculated based on

dividends and share acquisition above)

  1. Target for Reducing Strategic Shareholdings
    • We have set a target to reduce strategic shareholdings in order to further increase ROE with aim of achieving the sound development of the capital market and management that is conscious of the cost of capital and stock prices.

Reduction Target

30.0bn

(based on market value)

Implementation Period

Next 5 years

(until the end of FY27)

3

Main Points of FY22 Financial Results

(bn)

(bn)

FY22

Compared

YoY

【Joyo + Ashikaga (Non-consolidated)】

to

FY22

Results

【Mebuki FG (Consolidated)】

YoY

Compared to

chg

Revised

Results

forecast

Chg

Rev ised f orecast

Gross business profit

112.8

-74.1

-

Gross Business profit

118.3

-76.2

-

Net interest income

150.9

-6.8

Net interest income

148.9

-6.1

-

(o/w Gains/losses on cancellation of investment trusts)(1)

(7.1)

(+5.4)

-

(o/w Deference of interests betw een loans

(107.4)

(+1.8)

-

Net interest income

and deposits)

143.7

-12.2

42.7

+2.3

-

(excl.Gains/losses on cancellation of investment trusts)

Net fees and commissions

(o/w Deference of interests between loans and deposits(2))

(106.4)

(+1.8)

-

Net trading income

1.8

-2.6

-

(o/w Securities Income)

(37.3)

(-14.0)

-

Net other business income

-75.1

-69.8

-

Net fees and commissions(3)

35.4

+1.7

-

Expenses

107.0

-7.6

-

Net other business income

-73.5

-69.0

-

Credit related cost

10.8

-10.7

-

(o/w gains/losses on bond transactions) (4)

(-87.3)

(-80.1)

-

Gains/losses related to stocks

43.8

+40.3

-

(o/w gains/losses on futures and options) (5)

(8.0)

(+8.4)

-

Ordinary profit

46.6

-18.3

+3.6

(o/w other income related to customers) (6)

(5.7)

(+2.6)

Extraordinary income/losses

-0.6

+3.5

-

Expenses(7)

103.3

-4.8

-

Net income attributable to owners of

32.1

-10.7

+2.1

Net business income

9.5

-69.3

-

the parent

(before general allowance for loan losses)

Core net business income

96.8

+10.8

-

FY22

(excl. gains/losses on cancellation of investment trusts)

89.6

5.4

-

Core net business income

【Breakdown of Net income】

Results

YoY

81.6

-3.0

-

(excl. gains/losses on cancellation of investment trusts and futures and

Bank Total Net income (a)

43.5

+3.5

options)

-0.6

-2.0

-

Group Companies Net income (b)

4.8

-1.0

Net transfer to general allowance for loan losses (8)

Mebuki Lease

0.9

+0.2

Net business income

10.1

-67.3

-

Net non-recurrent gains/losses

35.0

+52.0

-

Mebuki Securities

0.3

-1.3

(o/w Disposal of non-performing loans (9))

(9.7)

(-8.4)

-

Mebuki Credit Guarantee

1.2

-0.3

(o/w Gains/losses related to stocks, etc. (10))

(45.0)

(+41.5)

-

Mebuki Card

0.4

+0.2

Ordinary profit

45.2

-15.2

+2.3

Total of banking subsidiaries

1.8

+0.0

Extraordinary income/losses

11.4

+15.6

Consolidation Adjustment （c）*2

-12.0

-12.0

Net income

43.5

+3.5

+1.5

Consolidation Adjustment （c'）*3

-4.2

-1.2

Net income excluding dicidends receivable from subsidiaries (*1)

31.5

-8.4

+1.5

FG Consolidated net income

32.1

-10.7

（a）+（b）+（c）+（c'）

Profit from customer services (2)+(3)+(6)-(7)

44.3

+11.0

*1 Not included Joyo Bank's dividends receivable of 12.0bn from Joyo Credit Guarantee

Credit related cost (8)+(9)

9.1

-10.4

*2 Dividends receivable of 12.0bn from Joyo Bank

Gains/losses on securities (1)+(4)+(5)+(10)

-27.0

-24.7

4

*3 Adjustments related to securities, etc.

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Mebuki Financial Group Inc. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 06:12:07 UTC.