Investor Presentaiton
FY2020 performance and dividend forecasts
For FY2020, we forecast profit attributable to owners of the parent of 22.5 billion yen, down 1.7 billion yen from the previous
year.
We project annual dividends of 24 yen per share in FY2020, based on the new payout table, up 1.50 yen from the previous
year.
FY2020 performance and dividend forecasts
[Business forecast]
(Billion yen)
Forecast for
FY2020
YOY
change
Net interest income
68.0
-3.0
Net fees and commissions income
16.7
1.3
Gross income from core businesses
84.7
1.0
Expenses (-)*
54.3
1.6
Net income from core businesses
30.4
-0.6
Gains/Losses related to securities
6.7
-2.6
Credit costs (-)
4.5
0.3
Ordinary profit
33.5
-3.9
Net income
24.0
-0.1
Profit attributable to owners
22.5
-1.7
of the parent
[Projected dividends]
Dividend per share
Profit attributable to
owners of the parent
1
Fixed
2 Performance-
based
1+2
Consolidated
payout ratio
22.5 billion yen
18 yen
6 yen
24 yen
33.2%
Market scenarios used in performance forecasts
JPY TIBOR3M: 0.07%; 10-year JGBS: -0.02%; exchange rate (USD/JPY): 107.0 yen; Nikkei Average: 18,500 yen
*: Performance forecasts for FY2020 include 1.5 billion yen (up 1.5 billion yen year-on-year) in costs
of rebuilding the Head Office building.
•
•
•
<Environmental conditions of FY2020 performance forecasts>
We assume interest rate, exchange rate, and stock market scenarios
within the same range over recent years.
The projected impact of COVID-19 is based on the information
available to us at this time. However, these forecasts are subject to
vary sharply due to the following factors if the slowdown in economic
activity and other results of the pandemic extend for longer than
anticipated.
(1) Further increases in credit costs
These forecasts call for an increase in credit costs due to
worsening business conditions for customer firms impacted
by COVID-19 of roughly 50% of the anticipated maximum
cost (approx. 2 billion yen) in the restaurant/bar and lodging
industries, the industries of greatest concern with regard to
COVID-19. Credit costs may increase still further due to
changes in borrower categories or other developments if the
impact expands to manufacturing and other industries.
(2) Impairment due to falling stock prices
•
Stock markets have been remarkably unstable since the
outbreak of COVID-19. A future drop in stock prices could
lead to the impairment of issues held.
Any necessary revisions to performance forecasts will be disclosed
promptly.
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