77 Bank : Results for the Fiscal Year Ended March 31, 2023 (June 6, 2023)
August 02, 2023 at 02:36 am EDT
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Results for the Fiscal Year Ended March 31, 2023
IR Presentation
Materials were prepared for the Bank's presentation of its results for the fiscal year ended
March 31, 2023 held on June 6, 2023.
June 6, 2023
Table of Contents
1. Financial Summary
… 2
2. Projected Performance
… 11
3. Business Strategy
… 15
4. Sustainability
… 47
5. References
… 53
The 77 Bank, Ltd. | Fiscal Year Ended March 31, 2023
1
01
Financial Summary
The 77 Bank, Ltd. | Fiscal Year Ended March 31, 2023
2
Summary of profits and losses
Non-consolidated
FY2022 results
In addition to an increase in interest income, factors such as decreases in expenses and credit-related expenses resulted in a record high for both ordinary income and net income.
Income from customer services*
Income from customer services
Income from customer services (after excluding foreign currency-denominated procurement costs)
(Unit: JPY bn)
3.4 3.2
8.7
6.5
Consolidated
(0.6)
(1.1)
FY2020
FY2021
FY2022
*Operating income from services for customers =
(Average balance of loans and bills discounted
Loan to deposit spread)
+ Fees and commissions - Expenses
(Retirement benefit costs incl.)
The 77 Bank, Ltd. | Fiscal Year Ended March 31, 2023
×
3
Interest income
Change factors in interest income
FY2021
FY2022
YoY change
(Unit: JPY bn, %)
Amount
%
Factors in securities
(Unit: JPY bn)
Interest income
72.3
78.6
6.3
8.6
+3.1
Factors in loans
Yield
Interest
Investment income
72.9
79.8
6.9
9.4
+4.3
+3.0
income
(Interest on loans and bills
Average
78.6
42.3
46.6
4.3
10.2
Yield
balance
Others
discounted)
+0.1
Average +2.0
(1.1)
(Interest and dividends on
28.9
32.0
3.1
10.6
balance
Yen-denominated:
securities)
+2.3
(1.5)
Interest
Foreign currency-
Fund procurement costs
0.6
1.2
0.6
109.5
income
denominated: 4.6
72.3
(Interest on deposits)
0.2
0.4
0.2
132.7
Yen-denominated: 1.9
Foreign currency-
denominated: 2.4
Average balances and yields of loans and
FY2021
Investment and procurement
FY2022
Average balances and yields of securities
bills discounted
denominated in foreign currencies
(Unit: JPY bn, %)
(Unit: JPY bn, %)
(Unit: %)
0.83
0.86
1.01
1.06
3.73
0.82
0.96
5,422.5
2,925.6
3,010.1
3,018.4
3.00
5,138.7
Yield on foreign
4,965.1
currency-
denominated
1.35
1.04
investments
Procurement
0.75
yield on foreign
currency
0.39
denominated*
FY2020
FY2021
FY2022
FY2020
FY2021
FY2022
FY2020
FY2021
FY2022
The 77 Bank, Ltd. | Fiscal Year Ended March 31, 2023
*Including foreign currency-denominated
4
procurement recorded in other operating income
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Disclaimer
The 77 Bank Ltd. published this content on 02 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2023 06:35:27 UTC.
77 Bank Ltd is a Japan-based company mainly engaged in the provision of banking services, leasing services, and financial services such as credit card services. The Company operates through the Banking Business segment. Banking business includes deposit business, lending business, commodity securities trading business, securities investment business, domestic foreign exchange business, foreign exchange business, corporate bond trust business, agency business, debt guarantee (payment acceptance), government bonds, investment trust, over-the-counter sales of insurance products. The leasing business is engaged in financial-related leasing activities. It is also engaged in credit guarantee business, credit card business, financial product transaction business, research and consulting business, outsourcing of calculation business using electronic computing equipment, fund management business, and investment business.
THE 77 BANK, LTD. 
