Investor Presentaiton
Overview of profit/loss in FY2019
Overview of profit/loss
(Billion yen)
FY2019
YoY change
(Change rate)
Net interest income
68.3
0.2
Interest on loans
61.9
0.2
Interest and dividends on
12.7
0.1
securities
Deposits NCD interest (-)
1.9
-0.3
External procurement costs, etc.
4.5
0.5
(-)
Net fees and commissions
15.4
-1.8
income
Investment banking business
3.4
-0.3
Asset management business
6.1
-0.5
Personal loan-related
-5.0
-0.6
Foreign exchange
1.5
0.2
Traditional fees and
9.4
-0.5
commissions income
Gross income from core businesses
83.7
-1.6
Expenses (-)
52.7
0
Net income from core businesses
31.0
-1.6
(
-4.7%)
Net income from core businesses
(not including gains/losses from
cancellation of investment trusts)
31.0
-1.6
-4.7%)
Gains/losses related to government
3.6
1.8
bonds and other bonds
Effective business gains/losses
34.7
0.3
Gains/losses related to equities, etc.
5.6
1.9
Credit costs (-)
4.2
1.1
Other temporary gains/losses
1.3
0.4
Ordinary profit
37.4
1.5
4.3%)
Extraordinary gains/losses
-3.3
-3.1
Net income
24.1
-1.2
-4.8%)
-1.8%)
-0.1%)
.
•
Key points
Despite increased interest on loans, net income from core businesses fell by 1.6
billion yen on a year-on-year basis to 31 billion yen, due mainly to decreases in
net fees and commissions income.
Despite increased securities-related gains, net income fell by 1.2 billion yen on a
year-on-year basis to 24.1 billion yen due to various factors, including the recording
of impairment losses on property, plant, and equipment marked for disposal.
Profit attributable to owners of the parent fell by 1.3 billion yen on a year-on-
year basis to 24.2 billion yen.
Net interest income
Net interest income rose by 200 million yen year-on-year to 68.3 billion yen due to
factors such as an increase in interest on loans accompanying an increase in loan
balances.
Net fees and commissions income
.
•
•
•
Net fees and commissions income fell by 1.8 billion yen year-on-year to 15.4 billion
yen due to various factors, including decreased gains on the asset management
business resulting mainly from lower commissions on sales of insurance.
Expenses
Expenses were largely unchanged year-on-year (down slightly), at 52.7 billion yen.
Personnel expenses fell, due mainly to lower retirement benefit costs, although non-
personnel expenses and taxes increased as a result of factors including increased
depreciation costs and the consumption tax increase.
Other (credit costs, etc.)
Gains/losses related to equities, etc. rose by 1.9 billion yen year-on-year to 5.6 billion
yen due to the sale of cross-shareholdings. This was despite the recording of 1.7
billion yen in losses on devaluation of stocks and other securities (impairment)
following the decline in equities markets due to COVID-19.
Credit costs, including provision of defensive reserves (approx. 1.5 billion yen) in
preparation for future business conditions and other factors, rose by 1.1 billion yen on
a year-on-year basis to 4.2 billion yen.
Impairment losses on property, plant, and equipment marked for disposal (3.2 billion
yen in total) were recorded as extraordinary losses.
Consolidated ordinary profit
38.9
1.9
5.3%
Profit attributable to owners of the
24.2
-1.3
-5.1%)
parent
Dividends/share (yen)
22.5
2.5
Consolidated payout ratio
28.8%
4.5%pt
Dividends
(Annual) dividends of 22.5 yen/share are planned as the result of revisions to the
payout table in February 2020 (see p. 6 for details).
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