Initiatives to Improve Corporate Value
Review of FY2022
Achieved both annual and MMP targets (JPY150 bn and JPY160 bn, respectively)
even as we enhanced our preparedness for downside risks
Progress in income and cost structure reforms
Achieved core income*¹ growth for the three consecutive year
Change in the previous MMP(vs FY'19) Up JPY22.4 bn
Up JPY8.1, or 6.3%, YoY
(JPY bn)
138.1
129.9
115.6
116.3
FY2019
FY2020
FY2021
FY2022
Evolution of "Further Development" business
Settlement related income: JPY72.5 bn (+4.9%, YoY)
● Succession related income: JPY25.0 bn (+7.0%, YoY)
Term-end loan balance: JPY41.4 tn (+4.5%, YoY)
New earnings pillars
⚫ Number of App DL*2: 7.65 million (+33.8%, YoY),
of which external group 1.12 million
Fund wrap income: JPY9.0 bn (+9.7%, YoY)
Balance of fund wrap (including corporation) *2: JPY744.2 bn,
of which, external group JPY56.1 bn
Debit card income: JPY5.1 bn (+17.6%, YoY)
Number of debit card issued: 3.15 million (+6.4%, YoY)
Adapting to the evolving external environment
Aligned ourselves with the interest rate environment
at domestic and overseas ("Sound BS" ⇒ P.28)
Took an ALM approach leveraging our retail deposit base,
which boasts strong retention
Enhanced resilience: Utilized hedging and other vehicles to
ensure risk control
➤ Strengthened and stabilized profitability: Flexibly employed
interest rate swaps, bonds held-to-maturity, etc.
Our foreign bond portfolio management entered a
reconstruction phase aimed at securing stable return over
the medium to long term
Executed additional measures to ensure portfolio soundness
in the 4Q (KMB/MB)
Yields improved to 3.5% due to restore soundness and effect
of new investment, twofold growth from previous fiscal year
■Reduction of policy-oriented stocks
Balance of listed stocks disposed in
FY'22*3 JPY22.0 bn
Net gain on sale in FY'22: JPY50.4 bn
Plan to reduce JPY80.0 bn level
in 4 years
Progress rate compared to
expected pace [JPY20.0 bn per year]:
110.1%
Market value: JPY892.3 bn in '22/3 ⇒ JPY861.9 bn in '23/3
[JPY(30.3) bn reduction factor JPY(72.4) bn + market value factor JPY42.1 bn]
Response to credit risk
Credit costs in FY'22 JPY(15.9) bn [Of which, 4Q JPY(15.1) bn]
➤ Strengthen preparations for downside risks in light of the business environment,
individual company risks, etc.
Continued to strengthen monitoring for signs of abnormalities and providing
rehabilitation assistance while closely watching changes in the macro environment
*1. Net interest income from domestic loans and deposits + Fee income + Operating expenses
*2. Including external group *3. Total of group banks, acquisition cost basis
Resona Holdings, Inc.
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