Financial Summary
First Quarter (Three Months) ended June 30, 2020
August 6, 2020
North Pacific Bank, Ltd.
Tokyo Stock Exchange First Section, Sapporo Securities Exchange: 8524
North Pacific Bank,Ltd.(8524)
Ⅰ.Financial Statements
1.Consolidated Balance Sheets
( millions) | ||||
As of Mar.31, | As of Jun.30, | |||
2020 | 2020 | |||
Assets | 資産の部 | |||
Cash and due from banks | 現金預け金 | 1,652,447 | 1,917,304 | |
Call loans and bills bought | コールローン及び買入手形 | 1,101 | 145,234 | |
Monetary claims bought | 買入金銭債権 | 13,775 | 11,844 | |
Trading account securities | 商品有価証券 | 4,275 | 4,156 | |
Securities | 有価証券 | 1,297,414 | 1,394,932 | |
Loans and bills discounted | 貸出金 | 6,659,161 | 6,954,959 | |
Foreign exchanges | 外国為替 | 7,682 | 4,553 | |
Lease receivables and investment assets | リース債権及びリース投資資産 | 53,128 | 53,056 | |
Other assets | その他資産 | 193,230 | 259,275 | |
Property, plant and equipment | 有形固定資産 | 80,924 | 80,078 | |
Intangible assets | 無形固定資産 | 6,490 | 6,221 | |
Deferred tax assets | 繰延税金資産 | 723 | 614 | |
Customers' liabilities for acceptances and guarantees | 支払承諾見返 | 50,290 | 55,960 | |
Allowance for loan losses | 貸倒引当金 | (32,604) | (33,272) | |
Total assets | 資産の部合計 | 9,988,041 | 10,854,918 | |
Liabilities | 負債の部 | |||
Deposits | 預金 | 8,855,838 | 9,272,315 | |
Negotiable certificates of deposit | 譲渡性預金 | 75,996 | 386,703 | |
Payables under repurchase agreements | 売現先勘定 | 3,875 | 1,605 | |
Payables under securities lending transactions | 債券貸借取引受入担保金 | 1,136 | 2,133 | |
Borrowed money | 借用金 | 484,200 | 603,323 | |
Foreign exchanges | 外国為替 | 142 | 203 | |
Other liabilities | その他負債 | 81,105 | 67,574 | |
Provision for bonuses | 賞与引当金 | 1,604 | 422 | |
Provision for share-based remuneration | 株式給付引当金 | 93 | 112 | |
Net defined benefit liability | 退職給付に係る負債 | 636 | 560 | |
Provision for reimbursement of deposits | 睡眠預金払戻損失引当金 | 2,330 | 2,222 | |
Provision for point card certificates | ポイント引当金 | 450 | 565 | |
Reserves under special laws | 特別法上の引当金 | 19 | 19 | |
Deferred tax liabilities | 繰延税金負債 | 18,655 | 27,585 | |
Deferred tax liabilities for land revaluation | 再評価に係る繰延税金負債 | 2,188 | 2,187 | |
Acceptances and guarantees | 支払承諾 | 50,290 | 55,960 | |
Total liabilities | 負債の部合計 | 9,578,564 | 10,423,497 | |
Net assets | 純資産の部 | |||
Capital stock | 資本金 | 121,101 | 121,101 | |
Capital surplus | 資本剰余金 | 74,741 | 74,741 | |
Retained earnings | 利益剰余金 | 148,186 | 150,515 | |
Treasury shares | 自己株式 | (2,927) | (2,926) | |
Total shareholders' equity | 株主資本合計 | 341,101 | 343,431 | |
Valuation difference on available-for-sale securities | その他有価証券評価差額金 | 60,515 | 79,451 | |
Revaluation reserve for land | 土地再評価差額金 | 4,395 | 4,392 | |
Remeasurements of defined benefit plans | 退職給付に係る調整累計額 | (291) | (218) | |
Total accumulated other comprehensive income | その他の包括利益累計額合計 | 64,619 | 83,625 | |
Share acquisition rights | 新株予約権 | 84 | 84 | |
Non-controlling interests | 非支配株主持分 | 3,672 | 4,280 | |
Total net assets | 純資産の部合計 | 409,476 | 431,421 | |
Total liabilities and net assets | 負債及び純資産の部合計 | 9,988,041 | 10,854,918 |
1
North Pacific Bank,Ltd.(8524)
2.Consolidated Statements of Income and Comprehensive Income
- Consolidated Statements of Income
( millions)
Three months ended Jun.30,
2019 | 2020 | |||
Ordinary income | 経常収益 | 32,577 | 35,248 | |
Interest income | 資金運用収益 | 17,215 | 16,803 | |
Of which, interest on loans and discounts | うち貸出金利息 | 14,422 | 14,146 | |
Of which, interest and dividends on securities | うち有価証券利息配当金 | 2,635 | 2,507 | |
Fees and commissions | 役務取引等収益 | 7,141 | 6,787 | |
Other ordinary income | その他業務収益 | 7,387 | 8,483 | |
Other income | その他経常収益 | 833 | 3,174 | |
Ordinary expenses | 経常費用 | 29,934 | 30,119 | |
Interest expenses | 資金調達費用 | 517 | 491 | |
Of which, interest on deposits | うち預金利息 | 96 | 72 | |
Fees and commissions payments | 役務取引等費用 | 3,051 | 3,061 | |
Other ordinary expenses | その他業務費用 | 6,993 | 7,795 | |
General and administrative expenses | 営業経費 | 18,473 | 17,631 | |
Other expenses | その他経常費用 | 898 | 1,139 | |
Ordinary profit | 経常利益 | 2,642 | 5,129 | |
Extraordinary income | 特別利益 | 0 | 21 | |
Gain on disposal of non-current assets | 固定資産処分益 | 0 | 18 | |
Gain on bargain purchase | 負ののれん発生益 | - | 2 | |
Extraordinary losses | 特別損失 | 96 | 133 | |
Loss on disposal of non-current assets | 固定資産処分損 | 39 | 80 | |
Impairment loss | 減損損失 | 56 | 52 | |
Loss on step acquisitions | 段階取得に係る差損 | - | 1 | |
Profit before income taxes | 税金等調整前四半期純利益 | 2,546 | 5,016 | |
Income taxes - current | 法人税、住民税及び事業税 | 465 | 196 | |
Income taxes - deferred | 法人税等調整額 | 753 | 475 | |
Total income taxes | 法人税等合計 | 1,219 | 672 | |
Profit | 四半期純利益 | 1,327 | 4,343 | |
Profit attributable to non-contorolling interests | 非支配株主に帰属する四半期純利益 | 55 | 112 | |
Profit attributable to owners of parent | 親会社株主に帰属する四半期純利益 | 1,271 | 4,231 |
2
North Pacific Bank,Ltd.(8524)
(2) Consolidated Statements of Comprehensive Income
( millions) | ||||
Three months ended Jun.30, | ||||
2019 | 2020 | |||
Profit | 四半期純利益 | 1,327 | 4,343 | |
Other comprehensive income | その他の包括利益 | (3,517) | 19,508 | |
Valuation difference on available-for-sale securities | その他有価証券評価差額金 | (3,549) | 19,435 | |
Remeasurements of defined benefit plans , net of tax | 退職給付に係る調整額 | 31 | 72 | |
Comprehensive income | 四半期包括利益 | (2,190) | 23,852 | |
Comprehensive income attributable to owners of parent | 親会社株主に係る四半期包括利益 | (2,201) | 23,240 | |
Comprehensive income attributable to non-contorolling interests | 非支配株主に係る四半期包括利益 | 10 | 611 |
3
North Pacific Bank,Ltd.(8524)
Ⅱ.Digest of financial results for three months ended June 30, 2020
1.Summary (Non-Consolidated)
(¥ millions) | |||||||
Three months ended Jun.30, | Increase/ | Six months ending | |||||
(Decrease) | Sep.30, 2020 | ||||||
2019 | 2020 | ||||||
(Forecasts) | |||||||
Ordinary income | 25,928 | 27,898 | 1,970 | 50,000 | |||
Core gross profit | 20,761 | 20,103 | (658) | 39,400 | |||
Net interest income | 17,210 | 16,978 | (232) | ||||
Net fees and commissions | 3,073 | 2,657 | (416) | ||||
Net other operating income | 477 | 467 | (10) | ||||
(excluding gains (losses) on bonds) | |||||||
Expenses | 17,602 | 16,718 | (884) | 33,500 | |||
(excluding non-recurring losses) | |||||||
Core operating profit | 3,158 | 3,385 | 227 | 5,800 | |||
Excluding gains (losses) on | 3,158 | 3,385 | 227 | ||||
cancellation of investment trusts | |||||||
Credit costs | 249 | 702 | 453 | 1,500 | |||
Gains (losses) on securities | (103) | 2,364 | 2,467 | ||||
Bonds, etc | (348) | (279) | 69 | ||||
Stocks, etc | 245 | 2,643 | 2,398 | ||||
Net other non-recurring income (loss) | 348 | 291 | (57) | ||||
(including gains (losses) on money held in trust) | |||||||
Ordinary profit | 3,154 | 5,337 | 2,183 | 6,100 | |||
Extraordinary income (losses) | (95) | (112) | (17) | ||||
Income before income taxes | 3,059 | 5,224 | 2,165 | ||||
Income taxes | 1,054 | 624 | (430) | ||||
Net income | 2,004 | 4,600 | 2,596 | 4,100 | |||
Net operating profit | 2,810 | 3,105 | 295 | ||||
Core gross profit = | Net interest income + Net fees and commissions + Net other operating income(excluding gains (losses) on bonds) | ||||||
Core operating profit | = Core gross profit - Expenses(excluding non-recurring losses) | ||||||
Net operating profit | = Core operating profit + Gains(losses) on bonds |
4
2.Deposits and NCDs (Non-Consolidated)【Average Balance】
Three months ended Jun.30, | Increase/ | |||
2019 | 2020 (A) | (Decrease) | ||
Deposits and NCDs | 8,720.3 | 9,249.1 | 528.7 | |
Corporate | 2,438.8 | 2,607.2 | 168.3 | |
Individual | 5,693.1 | 5,938.3 | 245.2 | |
Public sectors and | 588.4 | 703.5 | 115.1 | |
financial institutions | ||||
【Outstanding Balance】 | ||||
As of Jun.30, | Increase/ | |||
2019 | 2020 (A) | (Decrease) | ||
Deposits and NCDs | 8,921.1 | 9,678.1 | 757.0 | |
Deposit assets | 262.3 | 230.0 | (32.3) | |
Safe custody of | 110.3 | 98.6 | (11.7) | |
public bonds | ||||
Investment trusts | 152.0 | 131.4 | (20.5) | |
Total | 9,183.5 | 9,908.2 | 724.7 | |
Individual annuity | 695.7 | 730.2 | 34.4 | |
insurance, etc. | ||||
Individual annuity insurance, etc. sales reflect cumulative sales amounts.
3.Loans and bills discounted (Non-Consolidated)
【Average Balance】
Three months ended Jun.30, | Increase/ | |||
2019 | 2020 (A) | (Decrease) | ||
Loans and bills discounted | 6,550.2 | 6,778.4 | 228.2 | |
Enterprises | 2,666.0 | 2,775.1 | 109.1 | |
Individuals | 1,826.5 | 1,896.3 | 69.7 | |
Public sectors | 2,057.6 | 2,106.9 | 49.2 | |
Public sector loans include loans to government and land development public corporations.
North Pacific Bank,Ltd.(8524)
(¥ | billions) | |
Year ended | ||
Mar. 31,2020 | (A)-(B) | |
(B) | ||
8,771.3 | 477.8 | |
2,419.8 | 187.4 | |
5,766.1 | 172.1 | |
585.3 | 118.2 | |
(¥ | billions) | |
As of Mar.31, | (A)-(B) | |
2020 (B) | ||
8,952.1 | 726.0 | |
223.1 | 6.9 | |
101.1 | (2.5) | |
121.9 | 9.4 | |
9,175.2 | 733.0 | |
723.4 | 6.7 | |
(¥ billions)
Year ended
Mar. 31,2020 (A)-(B)
(B)
6,657.6 120.7
2,723.451.7
1,852.344.0
2,081.924.9
【Outstanding Balance】 | (¥ | billions) | ||||||
As of Jun.30, | Increase/ | As of Mar.31, | (A)-(B) | |||||
2019 | 2020 (A) | (Decrease) | 2020 (B) | |||||
SMEs, etc | 3,630.0 | 3,872.1 | 242.0 | 3,725.0 | 147.0 | |||
Loans and bills discounted | 6,628.2 | 7,013.0 | 384.8 | 6,718.9 | 294.1 | |||
In Hokkaido | 5,365.5 | 5,574.0 | 208.4 | 5,388.8 | 185.1 | |||
5
North Pacific Bank,Ltd.(8524)
4.Securities (Non-Consolidated) | ||||||||
【Outstanding Balance】 | (¥ | billions) | ||||||
As of Jun.30, | Increase/ | As of Mar.31, | (A)-(B) | |||||
2019 | 2020 (A) | (Decrease) | 2020 (B) | |||||
Securities | 1,271.5 | 1,394.1 | 122.6 | 1,298.0 | 96.0 | |||
5.Unrealized Gains (Losses) on Securities (Non-Consolidated)
As of Mar.31, 2020 | ||||
Net (B) | Unrealized | Unrealized | ||
gains | losses | |||
Unrealized gains | 83.7 | 93.6 | 9.9 | |
(losses) on securities | ||||
Stocks | 81.9 | 82.1 | 0.2 | |
Bonds | 9.0 | 10.8 | 1.8 | |
Others | (7.2) | 0.6 | 7.8 | |
Nikkei stock average(¥) | 18,917 | |||
New 10-year Japanese government | 0.005 | |||
bond yield (%) | ||||
(¥ billions) | |||
As of Jun.30, 2020 | |||
Net (A) | Unrealized | Unrealized | |
(A)-(B) | |||
gains | losses | ||
110.1 | 26.3 | 121.1 | 11.0 |
110.1 | 28.2 | 110.3 | 0.1 |
5.8 | (3.1) | 9.9 | 4.0 |
(5.9) | 1.2 | 0.9 | 6.8 |
22,288 | |||
0.030 | |||
6.Disclosed claims under the Financial Reconstruction Law (Non-Consolidated)
(¥ billions)
As of Jun.30, | Increase/ | As of Mar.31, | (A)-(B) | |||||
2019 | 2020 (A) | (Decrease) | 2020 (B) | |||||
Bankrupt and | 24.0 | 23.9 | (0.0) | 24.3 | (0.4) | |||
quasi-bankrupt claims | ||||||||
Doubtful claims | 39.2 | 34.8 | (4.4) | 36.1 | (1.2) | |||
Substandard claims | 8.8 | 12.0 | 3.2 | 9.5 | 2.5 | |||
Total (a) | 72.0 | 70.9 | (1.1) | 70.0 | 0.8 | |||
After partial direct | 59.0 | 57.7 | (1.3) | 56.9 | 0.7 | |||
write-offs (b) | * | |||||||
Normal claims | 6,760.3 | 7,143.1 | 382.8 | 6,842.8 | 300.3 | |||
Total claims (c) | 6,832.4 | 7,214.0 | 381.6 | 6,912.9 | 301.1 | |||
After partial direct | 6,819.4 | 7,200.9 | 381.4 | 6,899.8 | 301.0 | |||
write-offs (d) | * | |||||||
<Percentage of total claims> | (%) | |||||||
(a) / (c) | 1.05 | 0.98 | (0.07) | 1.01 | (0.03) | |||
(b) / (d) * | 0.86 | 0.80 | (0.06) | 0.82 | (0.02) | |||
*Partial direct write-offs have not been implemented. The figures as they would appear after partial direct write-offs are shown for reference.
Please be cautious this report is an English translation of the Japanese original. Please refer to the Japanese version for more information.
6
Attachments
- Original document
- Permalink
Disclaimer
North Pacific Bank Ltd. published this content on 06 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 06 August 2020 07:03:07 UTC