Investor Presentaiton
Overview of Financial Results
Non-consolidated
2022/3
2023/3
(Billion yen)
Change % Change
Gross operating profit
26.9
27.0
+0.1
Net interest income
25.4
29.0
+3.6
+0.5%
+14.2%
Fees and commissions income
4.2
4.4
+0.2
+3.3%
Other operating income
(2.8)
(6.4)
(3.6)
(127.8%)
Expenses
22.1
21.3
(0.8)
(3.6%)
Substantial net business profit (Note)
4.7
5.6
+0.9
+20.2%
Core net business profit
7.5
12.0
+4.5
+59.3%
Core net business profit
(excluding gains (losses) from
7.4
7.9
+0.5
+6.7%
cancellation of investment trusts)
Provision of general allowance for
0.6
(0.7)
loan losses (1)
Net business profit
4.1
6.4
Losses on sale of bonds
(2.8)
(6.3)
(3.5)
(1.3) (225.0%)
+2.3 +56.4%
(123.6%)
Unusual profits and losses
0.3
(2.0)
(2.3)
(760.4%)
Non-performing loan disposal (2)
1.4
3.4
+2.0
+137.5%
Ordinary profit
4.4
4.3
(0.1)
(1.1%)
Profit
3.0
2.2
(0.8)
(28.2%)
Costs for loans written-off (1) + (2)
2.0
2.7
+0.7
+31.1%
Consolidated
2022/3
2023/3
Change % Change
Ordinary profit
5.5
5.0
(0.5)
Profit attributable to owners of parent
3.6
2.6
(1.0)
(9.2%)
(26.9%)
TOCH
GN
TOCHIGI BANK
Main Points on Non-consolidated Financial Results
●Net interest income increased by 3.6 billion yen year on year. This was
due to gains from the cancellation of investment trusts, such as bear
funds, which more than offset losses from the sale of securities.
Other operating income decreased by 3.6 billion yen year on year. This
was due to realized losses from the sale of securities held, which
suffered increased valuation losses as a result of rising interest rates in
Japan and overseas.
Profit decreased by 800 million yen year on year. This was due to an
increase in non-performing loan disposal expenses (costs for loans
written off) of 700 million yen, mainly resulting from the bankruptcy of a
major borrower, as well as an increase in income taxes payable
compared to the previous fiscal year.
Profits related to our main business, which are core net business profit
(excluding gains (losses) from cancellation of investment trusts) and
substantial net business profit, increased year on year due to an
increase in fees and commissions income and the effect of cost
reductions.
(Note) Substantial net business profit = Net business profit (before provision to
general allowance for loan losses)
Main Point on Consolidated Financial Results
O Consolidated ordinary profit and profit attributable to owners of parent
for the fiscal year ended March 31, 2023 decreased year on year,
primarily due to the same reasons as in the non-consolidated financial
results.
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