Financial Results for FY2022
May 12, 2023
Financial Results for FY2022
Highlights | 2~3 | ||
4 | 5 | ||
Main Points of FY22 Financial Results / Change of Ordinary Profit | ~ | 8 | |
6 | |||
Loans (Balance/ Individual and Corporate) /Average Yield of Loans /Net Interest Income | ~ | ||
Deposits | 9 | ||
Customer Assets under Custody / Fees from Corporate Customers | 10~11 | ||
Securities / Strategic Shareholdings | 12 | ||
Expenses / OHR | 13 | ||
Credit Related Costs | 14 | ||
Status of Non-performing Loans and Delinquent Loans | 15 | ||
Shareholder Returns / Capital Adequacy Ratio | 16 | ||
Forecast for FY2023 | 17~18 | ||
Medium- and Long-Term Earnings Prospects | 19 | ||
【Data】 (1) Status of Investment Securities | 21~24 | ||
(2) Breakdown of Banking Subsidiaries | 25~29 |
*Unless otherwise mentioned, figures are on non-consolidated basis
1
Highlights
(1) Results for FY22
Compared to | ||||
Results for FY22 | YoY Change | Revised forecast | ||
in Feb.2023 | ||||
Profit from customer services(*1) | 44.3bn | +11.0bn | - | |
Core net business income(*2) | (Banks' total) | 81.6bn | -3.0bn | - |
Gains/losses on securities (*3) | -27.0bn | -24.7bn | - | |
Net income attributable to owners of the | (Consolidated ) | 32.1bn | -10.7bn | +2.1bn |
parent | ||||
- Profit from customer services (*1), the core business, increased significantly over the previous year (+¥11.0 bn YoY) , driven by the improvement of deference of interests between loans and deposits, the increase of fees and commissions and cost reduction, and was the highest since our business integration in Oct. 2016.
- On the other hand, consolidated net income decreased by ¥10.7bn YoY to ¥32.1bn, due to the decrease of
securities income by a surge in foreign currency interest rates, gains/losses on securities (*3) of - ¥27.0bn by sales of foreign and domestic bonds for risk control and improving periodic profit .
(*1) Difference of interests between loans and deposits+Fees from Customers+Expenses(-)
(*2) Excluding gains/losses on cancellation of investment trusts and futures and options
(*3) Gains/losses on "Bond transactions +Related to stocks+Cancellation of investment trusts + Futures and options"
(2) Forecast for FY23
Forecast for FY23 | YoY Change | ||
Net income attributable to owners of the | (Consolidated ) | 40.0bn | +7.8bn |
parent | |||
2
Highlights
- Shareholder Returns in FY23 (scheduled)
- Total return ratio in FY23 will be 53.3% (scheduled).
Annual Dividends | 11.0 (scheduled) | (Interim 5.5、Year-end5.5) |
Per Share | ||
Share Acquisition | 10bn (maximum) | (Period of purchase : |
35mil shares(maximum) | From May 15, 2023 to Sep. 22, 2023) | |
Total Return Ratio | 53.3% | (Calculated based on |
dividends and share acquisition above) | ||
- Target for Reducing Strategic Shareholdings
- We have set a target to reduce strategic shareholdings in order to further increase ROE with aim of achieving the sound development of the capital market and management that is conscious of the cost of capital and stock prices.
Reduction Target | 30.0bn |
(based on market value) | |
Implementation Period | Next 5 years |
(until the end of FY27) | |
3
Main Points of FY22 Financial Results | (bn) | |||||||||||
(bn) | FY22 | Compared | ||||||||||
YoY | ||||||||||||
【Joyo + Ashikaga (Non-consolidated)】 | to | |||||||||||
FY22 | Results | |||||||||||
【Mebuki FG (Consolidated)】 | YoY | Compared to | chg | Revised | ||||||||
Results | forecast | |||||||||||
Chg | Rev ised f orecast | |||||||||||
Gross business profit | 112.8 | -74.1 | - | |||||||||
Gross Business profit | 118.3 | -76.2 | - | |||||||||
Net interest income | 150.9 | -6.8 | ||||||||||
Net interest income | 148.9 | -6.1 | - | (o/w Gains/losses on cancellation of investment trusts)(1) | (7.1) | (+5.4) | - | |||||
(o/w Deference of interests betw een loans | (107.4) | (+1.8) | - | Net interest income | ||||||||
and deposits) | 143.7 | -12.2 | ||||||||||
42.7 | +2.3 | - | (excl.Gains/losses on cancellation of investment trusts) | |||||||||
Net fees and commissions | ||||||||||||
(o/w Deference of interests between loans and deposits(2)) | (106.4) | (+1.8) | - | |||||||||
Net trading income | 1.8 | -2.6 | - | |||||||||
(o/w Securities Income) | (37.3) | (-14.0) | - | |||||||||
Net other business income | -75.1 | -69.8 | - | |||||||||
Net fees and commissions(3) | 35.4 | +1.7 | - | |||||||||
Expenses | 107.0 | -7.6 | - | |||||||||
Net other business income | -73.5 | -69.0 | - | |||||||||
Credit related cost | 10.8 | -10.7 | - | |||||||||
(o/w gains/losses on bond transactions) (4) | (-87.3) | (-80.1) | - | |||||||||
Gains/losses related to stocks | 43.8 | +40.3 | - | |||||||||
(o/w gains/losses on futures and options) (5) | (8.0) | (+8.4) | - | |||||||||
Ordinary profit | 46.6 | -18.3 | +3.6 | |||||||||
(o/w other income related to customers) (6) | (5.7) | (+2.6) | ||||||||||
Extraordinary income/losses | -0.6 | +3.5 | - | Expenses(7) | 103.3 | -4.8 | - | |||||
Net income attributable to owners of | 32.1 | -10.7 | +2.1 | Net business income | 9.5 | -69.3 | - | |||||
the parent | (before general allowance for loan losses) | |||||||||||
Core net business income | 96.8 | +10.8 | - | |||
FY22 | (excl. gains/losses on cancellation of investment trusts) | 89.6 | 5.4 | - | ||
Core net business income | ||||||
【Breakdown of Net income】 | Results | YoY | 81.6 | -3.0 | - | |
(excl. gains/losses on cancellation of investment trusts and futures and | ||||||
Bank Total Net income (a) | 43.5 | +3.5 | ||||
options) | -0.6 | -2.0 | - | |||
Group Companies Net income (b) | 4.8 | -1.0 | Net transfer to general allowance for loan losses (8) | |||
Mebuki Lease | 0.9 | +0.2 | Net business income | 10.1 | -67.3 | - |
Net non-recurrent gains/losses | 35.0 | +52.0 | - | |||
Mebuki Securities | 0.3 | -1.3 | ||||
(o/w Disposal of non-performing loans (9)) | (9.7) | (-8.4) | - | |||
Mebuki Credit Guarantee | 1.2 | -0.3 | ||||
(o/w Gains/losses related to stocks, etc. (10)) | (45.0) | (+41.5) | - | |||
Mebuki Card | 0.4 | +0.2 | ||||
Ordinary profit | 45.2 | -15.2 | +2.3 | |||
Total of banking subsidiaries | 1.8 | +0.0 | ||||
Extraordinary income/losses | 11.4 | +15.6 | ||||
Consolidation Adjustment (c)*2 | -12.0 | -12.0 | ||||
Net income | 43.5 | +3.5 | +1.5 | |||
Consolidation Adjustment (c')*3 | -4.2 | -1.2 | ||||
Net income excluding dicidends receivable from subsidiaries (*1) | 31.5 | -8.4 | +1.5 | |||
FG Consolidated net income | ||||||
32.1 | -10.7 | |||||
(a)+(b)+(c)+(c') | Profit from customer services (2)+(3)+(6)-(7) | 44.3 | +11.0 | |||
*1 Not included Joyo Bank's dividends receivable of 12.0bn from Joyo Credit Guarantee | Credit related cost (8)+(9) | 9.1 | -10.4 | |||
*2 Dividends receivable of 12.0bn from Joyo Bank | Gains/losses on securities (1)+(4)+(5)+(10) | -27.0 | -24.7 | 4 | ||
*3 Adjustments related to securities, etc. |
Attachments
- Original Link
- Original Document
- Permalink
Disclaimer
Mebuki Financial Group Inc. published this content on 12 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 May 2023 06:12:07 UTC.