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Investor Presentaiton

External environment To be your Bank of choice Business Environment Facing Regional Banks Declining birthrate in Japan is leading to a smaller and aging population. As a consequence, Japan's domestic market is expected to contract and change. At the same time, earnings are under pressure from monetary easing and from a war of attrition caused by excessive competition. To achieve sustainable growth, regional banks need management strategies that anticipate projected future changes. Contraction of domestic market due to a decreasing population and an aging society with a declining birthrate Macroeconomic environment Shift in population by age group 1.4 [2010 =1] 1.2 1 0.8 Working-age population is 0.6 already declining 0.4 2010 2020 2030 Elderly population will also decline in long term 65+ (Elderly population) Total population 15-64 (Working-age population) 0-14 (Juvenile population) 2040 2050 2060 (Source: National Institute of Population and Social Security Research (IPSS)) Increase in loans is nearing limit Increase in deposits will continue, and the deposit-loan gap will widen Deposits will also turn downward in long term Competitive environment Interest rate competition (war of attrition) due to excessive competition and quantitative expansion Shift in the number of financial institutions and the number of municipalities 1.20 [1991 = 1] 1.00 0.80 City banks 0.60 First-tier regional banks 0.40 --Shinkin banks 0.20 - Credit unions 0.00 1991 1996 Second-tier regional banks ✓ Number of municipalities Number of first-tier regional banks has remained level A A 0 A A A A A A A 0 ☐ 2001 2006 2011 ►Another underlying factor is the narrowing of the spread between short-term and long-term rates attributable to the monetary easing policy Decrease in interest rate on loans, and reduction in net interest margin Reductions in net interest income and core business profit Currently, performance is being propped up by the low level of credit cost FFG Fukuoka Financial Group 7
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