February 3, 2016
Consolidated Financial Results for the Nine Months ended December 31, 2015
<under Japanese GAAP>
Company Name: | The Bank of Yokohama, Ltd. | Stock Exchange Listing: | Tokyo |
Code Number: | 8332 | URL: | http://www.boy.co.jp/ |
Representative: | Representative Director, President Tatsumaro Terazawa | ||
Quarterly Securities Report (Shihanki Hokokusho) Issuing Date: | February 4, 2016 | ||
Commencement of Dividend Payment: | - | ||
Trading Accounts: | Established | ||
Supplemental Information for Quarterly Financial Statements: | Available | ||
Quarterly Investor Meeting Presentation: | Not Scheduled |
(Amounts less than one million yen are rounded down.)
1. Consolidated Financial Results (for the Nine months ended December 31, 2015)
(1) Operating Results | (Unit: Millions of Yen, except per share data and percentages) | ||||||||||||||||||||
Ordinary Income | Ordinary Profit | Profit Attributable to Owners of Parent | |||||||||||||||||||
Nine months ended December 31, 2015 | 239,884 | 6.6 | % | 85,409 | 0.3 | % | 55,879 | 3.5 | % | ||||||||||||
Nine months ended December 31, 2014 | 224,978 | 4.0 | % | 85,086 | 14.0 | % | 53,967 | 16.9 | % |
(Note 1) | Comprehensive Income: Nine months ended December 31, 2015: ¥48,171 million [(45.7%)]; |
Nine months ended December 31, 2014: ¥88,824 million [50.6%]
(Note2) | Percentages shown in Ordinary Income, Ordinary Profit, Profit Attributable to Owners of Parent and Comprehensive Income are the increase (decrease) from the same period previous year. |
Net Income per Share | Net Income per Share (Diluted) | ||||||||
Nine months ended December 31, 2015 | ¥ | 45.36 | ¥ | 45.34 | |||||
Nine months ended December 31, 2014 | ¥ | 42.64 | ¥ | 42.62 |
(2) Financial Position | (Unit: Millions of Yen, except percentages) | |||||||||||
Total Assets | Total Net Assets | Own Capital Ratio | ||||||||||
December 31, 2015 | 15,746,728 | 1,017,451 | 6.1 | % | ||||||||
March 31, 2015 | 15,377,845 | 1,010,495 | 6.2 | % |
(Reference) | Own Capital: December 31, 2015: ¥971,862 million; March 31, 2015: ¥965,213 million |
(Note) | Own Capital Ratio = (Total Net Assets - Subscription Rights to Shares - Non-controlling Interests) / Total Assets |
The ratio above is not based on the regulation of Capital Adequacy Ratio.
2. Dividends on Common Stock
Annual Cash Dividends per Share | ||||||||||||||
1st Quarter-End | 2nd Quarter-End | 3rd Quarter-End | Fiscal Year-End | Total | ||||||||||
Fiscal year ended March 31, 2015 | - | ¥ | 5.50 | - | ¥ | 7.50 | ¥ | 13.00 | ||||||
Fiscal year ending March 31, 2016 | - | ¥ | 5.50 | - | ||||||||||
Fiscal year ending March 31, 2016 (Forecasts) | ¥ | 8.50 | ¥ | 14.00 |
(Note 1) | Revision of forecasts for dividends from the latest announcement: No |
(Note2) | Year-End Dividend for Fiscal year ending March 31, 2016 (Forecasts) includes a Special Dividend of ¥ 3.00. |
3. Consolidated Earnings Forecasts (for the fiscal year ending March 31, 2016)
(Unit: Millions of Yen, except per share data)
Ordinary Profit | Profit Attributable to Owners of Parent | Net Income per Share | ||||||||||||||||||
Fiscal year ending March 31, 2016 | 116,500 | 7.7 | % | 76,500 | 0.2 | % | ¥ | 62.33 |
(Note 1) | Percentages shown in Ordinary Profit and Profit Attributable to Owners of Parent are the increase (decrease) from the same period previous year. |
(Note 2) | Revisionof earnings forecasts from the latest announcement: No |
1
※ Note
(1) Changes in the scope of consolidated significant subsidiaries during the nine months ended December 31, 2015: No
(2) Adoption of simplified accounting methods for the preparation of quarterly consolidated financial statements: No
(3) Changes in accounting policies, accounting estimates, and restatements:
(A) Changes in accounting policies due to revision of accounting standards: | Yes |
(B) Changes in accounting policies due to reasons other than (A): | No |
(C) Changes in accounting estimates: | No |
(D) Restatements: | No |
(4) Number of common stocks issued:
(A) Number of stocks issued (including treasury stocks): | December 31, 2015 | 1,254,071,054 shares | March 31, 2015 | 1,254,071,054 shares |
(B) Number of treasury stocks: | December 31, 2015 | 39,999,321 shares | March 31, 2015 | 7,855,711 shares |
(C) Average outstanding stocks for the nine months ended: | December 31, 2015 | 1,231,662,654 shares | December 31, 2014 | 1,265,409,533 shares |
(Display of implementation status of the quarterly review procedure)
This report is out of the scope of the quarterly review procedure which is required by the “Financial Instruments and Exchange Law”. The review procedure of quarterly consolidated financial statements based on the “Financial Instruments and Exchange Law” has been completed.
(Notes for using forecasts information, etc.)
1. | The description of future performance of this report is based on information, which is presently available and certain assumptions which are considered to be reasonable, and it does not guarantee future performance. Please take note that future performance may differ from forecasts. |
2. | Average outstanding stocks for this period which are used to calculate net income per share for the fiscal year ending March 31, 2016 is based on the average of ‘Average outstanding stocks for the nine months ended December 31, 2015’, which is indicated ‘(4)Number of common stocks issued’ above, and ‘Average outstanding stocks from January 1, 2016 to March 31, 2016 (forecast)’. |
2
Contents of Attachment
1. Qualitative Information Regarding Consolidated Financial Statements for the Nine Months Ended December 31, 2015
(1) Qualitative Information Regarding Operating Results
(2) Qualitative Information Regarding Financial Position
(3) Information Regarding Consolidated Earnings Forecasts
2. Summary Information (Note)
(1) Changes in Accounting Policies, Accounting Estimates, and Restatements
3. Consolidated Financial Statements
(1) Consolidated Balance Sheets
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
(3) Notes on Going Concern Assumption
(4) Notes for Significant Changes in the Amount of Shareholders’ Equity
(Reference)
Non-Consolidated Financial Statements
※Supplemental Information for Quarterly Financial Statements
Selected Financial Information for the Nine Months Ended December 31, 2015
3
1. | Qualitative Information Regarding Consolidated Financial Statements for the Nine Months Ended December 31, 2015 |
(1) | Qualitative Information Regarding Operating Results |
During the nine months ended December 31, 2015, ordinary income increased by 14.906 billion yen to 239.884 billion yen from the same period of the previous year, primarily due to the increase in other ordinary income including derivative income. Ordinary expenses increased by 14.583 billion yen to 154.474 billion yen, mainly due to the increase in other ordinary expenses including losses on sales of bonds (e.g. government bonds). As a result, ordinary profit for the period ended December 31, 2015 increased by 0.323 billion yen to 85.409 billion yen from the same period of the previous year. Profit attributable to owners of parent increased by 1.912 billion yen to 55.879 billion yen from the same period of the previous year.
(2) | Qualitative Information Regarding Financial Position |
In spite of the efforts to obtain deposits by promoting establishment of comprehensive business relationship with the customers, deposits as of December 31, 2015 decreased by 27.6 billion yen to 12,093.8 billion yen. This includes the increase of fixed deposits by 65.0 billion yen to 3,298.2 billion yen.
Loans and bills discounted as of December 31, 2015 increased by 266.3 billion yen to 9,990.3 billion yen. In addition, securities as of December 31, 2015 increased by 42.2 billion yen to 2,502.6 billion yen. This includes the increase of government bonds by 80.4 billion yen to 783.6 billion yen.
Total assets as of December 31, 2015 increased by 368.9 billion yen to 15,746.7 billion yen, and net assets as of December 31, 2015 increased by 7.0 billion yen to 1,017.4 billion yen.
(3) | Information Regarding Consolidated Earnings Forecasts |
Same as the information regarding consolidated earnings forecasts released on November 9, 2015.
2. | Summary Information (Note) |
(1) | Changes in Accounting Policies, Accounting Estimates, and Restatements |
(Changes in accounting policies)
The Bank has adopted Accounting Standard for Business Combinations (ASBJ Statement No. 21 issued on September 13, 2013, “Business Combination Accounting Standard”), Accounting Standard for Consolidated Financial Statements (ASBJ Statement No. 22 issued on September 13, 2013, “Consolidation Accounting Standard”) and Accounting Standard for Business Divestitures (ASBJ Statement No. 7 issued on September 13, 2013, “Business Divestitures Accounting Standard”), effective from the three months ended June 30, 2015. In accordance with these accounting standards, the Bank has changed accounting policies as follows:
(a) | The difference arising from a change in the Bank’s ownership interests in a subsidiary over which the Bank continues to have control is recognized in Capital surplus. |
(b) | Acquisition-related costs are expensed in the period incurred. |
(c) | For a business combination occurring on or after April 1, 2015, an adjustment to the provisional amounts arising from the finalization of the tentative accounting treatment relating to the purchase price allocation is retrospectively recognized in the consolidated financial statements for the accounting period in which the combination occurs. |
In addition, changes are made to the presentation of “Profit” and other relevant items, and “Minority interests” is changed to “Non-controlling interests”. Certain amounts in the consolidated financial statements for the nine months ended December 31, 2014 and the year ended March 31, 2015 have been reclassified to reflect these changes.
In accordance with the transitional treatments set forth in Paragraph 58-2(4) of Business Combination Accounting Standard, Paragraph 44-5(4) of Consolidation Accounting Standard and Paragraph 57-4(4) of Business Divestitures Accounting Standard, the Bank has prospectively adopted these accounting standards from the beginning of the three months ended June 30, 2015.
There is no effect of these changes on the consolidated financial statements for the nine months ended December 31, 2015.
4
3. | Consolidated Financial Statements |
(1) | Consolidated Balance Sheets |
(Unit: Millions of Yen) | ||||||||
As of March 31, 2015 | As of December 31, 2015 | |||||||
Assets: | ||||||||
Cash and due from banks | 2,303,301 | 2,301,056 | ||||||
Call loans and bills bought | 273,006 | 267,044 | ||||||
Monetary claims bought | 124,369 | 105,981 | ||||||
Trading assets | 15,233 | 9,318 | ||||||
Securities | 2,460,453 | 2,502,662 | ||||||
Loans and bills discounted | 9,724,053 | 9,990,345 | ||||||
Foreign exchanges | 7,315 | 6,626 | ||||||
Lease receivables and investment assets | 65,028 | 64,123 | ||||||
Other assets | 115,104 | 213,131 | ||||||
Tangible fixed assets | 125,136 | 129,260 | ||||||
Intangible fixed assets | 12,205 | 11,824 | ||||||
Net defined benefit asset | 32,392 | 38,232 | ||||||
Deferred tax assets | 5,150 | 4,447 | ||||||
Customers' liabilities for acceptances and guarantees | 182,209 | 165,802 | ||||||
Allowance for loan losses | (67,115 | ) | (63,131 | ) | ||||
Total assets | 15,377,845 | 15,746,728 | ||||||
Liabilities: | ||||||||
Deposits | 12,121,479 | 12,093,842 | ||||||
Negotiable certificates of deposit | 106,960 | 271,282 | ||||||
Call money and bills sold | 777,299 | 1,000,255 | ||||||
Payables under securities lending transactions | 247,651 | 201,941 | ||||||
Trading liabilities | 609 | 136 | ||||||
Borrowed money | 695,315 | 828,173 | ||||||
Foreign exchanges | 56 | 367 | ||||||
Other liabilities | 193,190 | 124,426 | ||||||
Provision for directors' bonuses | 69 | - | ||||||
Net defined benefit liability | 253 | 283 | ||||||
Provision for reimbursement of deposits | 1,653 | 1,496 | ||||||
Provision for contingent losses | 774 | 736 | ||||||
Reserves under special laws | 11 | 13 | ||||||
Deferred tax liabilities | 22,353 | 23,056 | ||||||
Deferred tax liabilities for land revaluation | 17,461 | 17,461 | ||||||
Acceptances and guarantees | 182,209 | 165,802 | ||||||
Total liabilities | 14,367,349 | 14,729,276 | ||||||
Net assets: | ||||||||
Capital stock | 215,628 | 215,628 | ||||||
Capital surplus | 177,244 | 177,244 | ||||||
Retained earnings | 430,668 | 470,293 | ||||||
Treasury shares | (5,090 | ) | (29,005 | ) | ||||
Total shareholders’ equity | 818,450 | 834,161 | ||||||
Valuation difference on available-for-sale securities | 109,501 | 99,283 | ||||||
Deferred gains or losses on hedges | 41 | 13 | ||||||
Revaluation reserve for land | 36,060 | 36,060 | ||||||
Remeasurements of defined benefit plans | 1,159 | 2,343 | ||||||
Total accumulated other comprehensive income | 146,762 | 137,701 | ||||||
Subscription rights to shares | 314 | 249 | ||||||
Non-controlling interests | 44,967 | 45,338 | ||||||
Total net assets | 1,010,495 | 1,017,451 | ||||||
Total liabilities and net assets | 15,377,845 | 15,746,728 |
5
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
(Consolidated Statements of Income)
(For the nine months ended) | (Unit: Millions of Yen) | |||||||
For the nine months ended December 31, 2014 | For the nine months ended December 31,2015 | |||||||
Ordinary income | 224,978 | 239,884 | ||||||
Interest income | 124,312 | 123,262 | ||||||
Of which, interest on loans and bills discounted | 99,820 | 95,794 | ||||||
Of which, interest and dividends on securities | 20,253 | 22,743 | ||||||
Fees and commissions | 48,049 | 47,612 | ||||||
Trading income | 1,764 | 2,408 | ||||||
Other ordinary income | 45,873 | 58,072 | ||||||
Other income | 4,978 | 8,528 | ||||||
Ordinary expenses | 139,891 | 154,474 | ||||||
Interest expenses | 5,999 | 7,336 | ||||||
Of which, interest on deposits | 3,347 | 3,595 | ||||||
Fees and commissions payments | 8,245 | 8,459 | ||||||
Other ordinary expenses | 37,252 | 51,865 | ||||||
General and administrative expenses | 85,303 | 82,997 | ||||||
Other expenses | 3,091 | 3,815 | ||||||
Ordinary profit | 85,086 | 85,409 | ||||||
Extraordinary income | 3,649 | 8 | ||||||
Gain on disposal of non-current assets | 3,128 | 8 | ||||||
Gain on bargain purchase | 520 | - | ||||||
Extraordinary losses | 1,429 | 393 | ||||||
Loss on disposal of non-current assets | 1,426 | 391 | ||||||
Other | 2 | 2 | ||||||
Income before income taxes | 87,307 | 85,024 | ||||||
Income taxes-current | 26,195 | 22,245 | ||||||
Income taxes-deferred | 3,788 | 5,545 | ||||||
Total income taxes | 29,984 | 27,791 | ||||||
Profit | 57,322 | 57,232 | ||||||
Profit attributable to non-controlling interests | 3,354 | 1,353 | ||||||
Profit attributable to owners of parent | 53,967 | 55,879 |
6
(Consolidated Statements of Comprehensive Income)
(For the nine months ended) | (Unit: Millions of Yen) | |||||||
For the nine months ended December 31, 2014 | For the nine months ended December 31,2015 | |||||||
Profit | 57,322 | 57,232 | ||||||
Other comprehensive income | 31,501 | (9,061 | ) | |||||
Valuation difference on available-for-sale securities | 29,796 | (10,217 | ) | |||||
Deferred gains or losses on hedges | (77 | ) | (27 | ) | ||||
Remeasurements of defined benefit plans | 1,782 | 1,183 | ||||||
Comprehensive income | 88,824 | 48,171 | ||||||
(Comprehensive income attributable to) | ||||||||
Comprehensive income attributable to owners of parent | 85,188 | 46,817 | ||||||
Comprehensive income attributable to non-controlling interests | 3,636 | 1,353 |
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(3) | Notes on Going Concern Assumption |
Not applicable.
(4) | Notes for Significant Changes in the Amount of Shareholders’ Equity |
Not applicable.
8
(Reference)
Non-Consolidated Financial Statements
Non-Consolidated Balance Sheets
(Unit: Millions of Yen) | ||||||||
As of March 31, 2015 | As of December 31, 2015 | |||||||
Assets: | ||||||||
Cash and due from banks | 2,299,181 | 2,296,353 | ||||||
Call loans | 273,006 | 267,044 | ||||||
Monetary claims bought | 117,416 | 97,914 | ||||||
Trading assets | 15,233 | 9,318 | ||||||
Securities | 2,461,869 | 2,504,388 | �� | |||||
Loans and bills discounted | 9,778,038 | 10,036,282 | ||||||
Foreign exchanges | 7,315 | 6,626 | ||||||
Other assets | 87,452 | 185,726 | ||||||
Tangible fixed assets | 126,047 | 130,655 | ||||||
Intangible fixed assets | 10,696 | 10,598 | ||||||
Prepaid pension costs | 30,682 | 34,776 | ||||||
Customers' liabilities for acceptances and guarantees | 54,678 | 50,181 | ||||||
Allowance for loan losses | (57,284 | ) | (53,403 | ) | ||||
Total assets | 15,204,334 | 15,576,464 | ||||||
Liabilities: | ||||||||
Deposits | 12,158,517 | 12,125,271 | ||||||
Negotiable certificates of deposit | 126,960 | 291,282 | ||||||
Call money | 777,299 | 1,000,255 | ||||||
Payables under securities lending transactions | 247,651 | 201,941 | ||||||
Trading liabilities | 609 | 136 | ||||||
Borrowed money | 710,193 | 841,289 | ||||||
Foreign exchanges | 56 | 367 | ||||||
Other liabilities | 140,327 | 73,783 | ||||||
Income taxes payable | 10,807 | 7,916 | ||||||
Asset retirement obligations | 22 | 37 | ||||||
Other | 129,497 | 65,829 | ||||||
Provision for directors' bonuses | 69 | - | ||||||
Provision for reimbursement of deposits | 1,653 | 1,496 | ||||||
Provision for contingent losses | 774 | 736 | ||||||
Deferred tax liabilities | 22,613 | 22,465 | ||||||
Deferred tax liabilities for land revaluation | 17,461 | 17,461 | ||||||
Acceptances and guarantees | 54,678 | 50,181 | ||||||
Total liabilities | 14,258,865 | 14,626,670 | ||||||
Net assets: | ||||||||
Capital stock | 215,628 | 215,628 | ||||||
Capital surplus | 177,244 | 177,244 | ||||||
Legal capital surplus | 177,244 | 177,244 | ||||||
Retained earnings | 413,864 | 453,149 | ||||||
Legal retained earnings | 38,384 | 38,384 | ||||||
Other retained earnings | 375,479 | 414,765 | ||||||
Reserve for advanced depreciation of non-current assets | 2,585 | 2,585 | ||||||
General reserve | 118,234 | 118,234 | ||||||
Retained earnings brought forward | 254,660 | 293,945 | ||||||
Treasury shares | (5,090 | ) | (29,005 | ) | ||||
Total shareholders’ equity | 801,646 | 817,017 | ||||||
Valuation difference on available-for-sale securities | 107,406 | 96,452 | ||||||
Deferred gains or losses on hedges | 41 | 13 | ||||||
Revaluation reserve for land | 36,060 | 36,060 | ||||||
Total valuation and translation adjustments | 143,508 | 132,526 | ||||||
Subscription rights to shares | 314 | 249 | ||||||
Total net assets | 945,469 | 949,793 | ||||||
Total liabilities and net assets | 15,204,334 | 15,576,464 | ||||||
9
Non-Consolidated Statements of Income
(For the nine months ended) | (Unit: Millions of Yen) | |||||||
For the nine months ended December 31, 2014 | For the nine months ended December 31, 2015 | |||||||
Ordinary income | 189,160 | 207,786 | ||||||
Interest income | 125,830 | 125,499 | ||||||
Of which, interest on loans and bills discounted | 99,953 | 95,914 | ||||||
Of which, interest and dividends on securities | 21,744 | 24,950 | ||||||
Fees and commissions | 40,214 | 41,019 | ||||||
Trading income | 372 | 468 | ||||||
Other ordinary income | 19,653 | 31,812 | ||||||
Other income | 3,089 | 8,986 | ||||||
Ordinary expenses | 111,742 | 126,375 | ||||||
Interest expenses | 6,830 | 8,161 | ||||||
Of which, interest on deposits | 3,350 | 3,598 | ||||||
Fees and commissions payments | 10,142 | 10,264 | ||||||
Other ordinary expenses | 14,510 | 29,067 | ||||||
General and administrative expenses | 78,637 | 76,335 | ||||||
Other expenses | 1,621 | 2,546 | ||||||
Ordinary profit | 77,417 | 81,411 | ||||||
Extraordinary income | 2,630 | 8 | ||||||
Gain on disposal of non-current assets | 2,630 | 8 | ||||||
Extraordinary losses | 1,426 | 388 | ||||||
Loss on disposal of non-current assets | 1,426 | 388 | ||||||
Income before income taxes | 78,621 | 81,031 | ||||||
Income taxes-current | 23,825 | 20,551 | ||||||
Income taxes-deferred | 2,601 | 4,941 | ||||||
Total income taxes | 26,426 | 25,492 | ||||||
Net income | 52,195 | 55,539 |
10
Selected Financial Information for the Nine Months Ended December 31, 2015
Contents
I. Summary
II. Digest of Financial Results for the nine months ended December 31, 2015
1. Profit and Loss
2. Average Balance of Use and Source of Funds (Domestics)
3. Interest Margins (Domestics)
4. Gains or Losses on Investment Securities
5. Net Unrealized Gains (Losses) on Securities
6. Derivative Contracts
III. Loans, etc. Information
1. Risk Managed Loan Information
2. Status of Claims Disclosed under the Financial Revitalization Law
3. Loan Portfolio Information
4. Loans Information
5. Deposits Information
6. Individual Deposit Assets, etc.
7. Loan- Deposit Ratio and Securities-Deposit Ratio
11
SELECTED FINANCIAL INFORMATION FOR THE NINE MONTHS ENDED DECEMBER 31, 2015 |
I. Summary
1. Income status |
<Non-Consolidated> |
・Gross operating income ・・・Gross operating income decreased by 3.2 billion yen to 151.3 billion yen from the same period of the previous year due to the decrease in interest income and other ordinary income both from domestic operations despite of the increase in the fees and commissions from domestic operations. |
・Core net business profit ・・ Core net business profit decreased by 1.4 billion yen to 77.4 billion yen from the same period of the previous year due to the decrease in gross operating income despite of the decrease in expenses mainly due to the decrease in deposit insurance premiums. |
・Ordinary profit ・・・・・・・・・ Ordinary profit increased by 4.0 billion yen to 81.4 billion yen from the same period of the previous year, hitting a historic high, due to the decrease in credit costs and the increase in gains or losses on stocks and other securities. |
・Net income ・・・・・・・・・・ Net income increased by 3.4 billion yen to 55.5 billion yen from the same period of the previous year, hitting a historic high, due to the increase in Ordinary profit and the decrease in income taxes caused by the decrease in the corporate income tax rate. |
<Consolidated> |
・Profit attributable to owners of parent ・・・Profit attributable to owners of parent increased by 1.9 billion yen to 55.8 billion yen from the same period of the previous year, hitting a historic high, due to the increase of Net income (Non-Consolidated). |
[Non-Consolidated] | For the nine months ended | (Unit: Billions of Yen) For the year ended | |||||
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | |||||
(A)–(B) | |||||||
Gross operating income | 151.3 | (3.2) | 154.5 | 204.4 | |||
Of which, interest income from domestic operations | 115.7 | (1.9) | 117.6 | 155.0 | |||
Of which, fees and commissions from domestic operations | 30.4 | 0.7 | 29.7 | 42.2 | |||
Of which, other ordinary income from domestic operations | 1.6 | (2.1) | 3.7 | 3.2 | |||
Expenses | (-) | 73.8 | (1.9) | 75.7 | 100.4 | ||
(Reference) OHR (%) | 48.8 | (0.2) | 49.0 | 49.1 | |||
Core net business profit | 77.4 | (1.4) | 78.8 | 104.0 | |||
Provision of allowance for general loan losses | (-) | - | 3.5 | (3.5) | (2.7) | ||
Net business profit | 77.4 | (4.9) | 82.3 | 106.7 | |||
Non-recurring gains (losses) | 3.9 | 8.7 | (4.8) | (4.7) | |||
Of which, disposal of bad debts | (-) | (1.1) | (4.5) | 3.4 | 3.4 | ||
Of which, gains or losses on stocks and other securities | 4.6 | 4.6 | 0.0 | 1.5 | |||
Ordinary profit | 81.4 | 4.0 | 77.4 | 102.0 | |||
Net income | 55.5 | 3.4 | 52.1 | 67.5 | |||
Credit costs | (-) | (1.1) | (1.1) | (0.0) | 0.7 | ||
[Consolidated] | |||||||
Ordinary profit | 85.4 | 0.4 | 85.0 | 108.0 | |||
Profit attributable to owners of parent | 55.8 | 1.9 | 53.9 | 76.3 |
2. Loans and Deposits, etc. |
・Loans ・・・・・・Loans increased by 270.0 billion yen to 9,848.1 billion yen (annual rate of 2.8%) from the same period of the previous year due to the increase in loans to individuals, especially in apartment loans, as well as the increase in loans to small and medium-sized businesses. |
・Deposits ・・・・Deposits increased by 398.1 billion yen to 11,973.7 billion yen (annual rate of 3.4%) from the same period of the previous year due to the 246.9 billion yen increase of individual deposits as well as the increase in corporate deposits. |
[Non-Consolidated] Loans
Domestic branches (excluding loans in offshore market account) | For the nine months ended | (Unit: Billions of Yen) For the six months ended | ||||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | ||||||
(A)–(B) | ||||||||
Loans <average balance> | 9,848.1 | 270.0 | 9,578.1 | 9,817.6 | ||||
Of which, loans to small and medium-sized businesses, etc. | 7,930.2 | 186.5 | 7,743.7 | 7,907.9 | ||||
Loans to small and medium-sized businesses | 3,066.0 | 114.9 | 2,951.1 | 3,043.1 | ||||
Loans to individuals | 4,864.1 | 71.5 | 4,792.6 | 4,864.8 |
[Non-Consolidated] Deposits
Domestic branches (excluding deposits in offshore market account) | For the nine months ended | (Unit: Billions of Yen) For the six months ended | |||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | |||||
(A)–(B) | |||||||
Deposits <average balance> | 11,973.7 | 398.1 | 11,575.6 | 11,987.0 | |||
Of which, deposits from individuals | 9,066.5 | 246.9 | 8,819.6 | 9,042.3 |
・Investment products for individuals・・・Investment products for individuals decreased by 71.5 billion yen to 2,083.6 billion yen from the same period of the previous year, due to the decrease in net asset value of investment trusts (Non-Consolidated) and the decrease in public bonds (Non-Consolidated). |
[Consolidated] Investment products for individuals
(Unit: Billions of Yen) | ||||||||
As of December 31, 2015 (A) | As of December 31, 2014 (B) | As of September 30, 2015 | ||||||
(A)–(B) | ||||||||
Total balance of investment products for individuals (Group total) | 2,083.6 | (71.5) | 2,155.1 | 2,031.8 | ||||
Investment products for individuals (The Bank of Yokohama, Ltd.) | 1,737.4 | (64.2) | 1,801.6 | 1,712.0 | ||||
Of which, investment trusts (The Bank of Yokohama, Ltd.) | 578.5 | (29.3) | 607.8 | 571.3 | ||||
Of which, insurance (The Bank of Yokohama, Ltd.) | 987.3 | 20.0 | 967.3 | 960.9 | ||||
Of which, public bonds (The Bank of Yokohama, Ltd.) | 143.1 | (49.4) | 192.5 | 151.1 | ||||
Investment products for individuals at Hamagin Tokai Tokyo Securities Co., Ltd. | 346.2 | (7.3) | 353.5 | 319.7 |
12
II. Digest of Financial Results for the nine months ended December 31, 2015 | |||||||||
1. Profit and Loss | (Unit: Millions of Yen) | ||||||||
[Non-Consolidated] | For the nine months ended | For the year ended | |||||||
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | |||||||
(A)–(B) | |||||||||
[( 2.1%)] | |||||||||
1 | Gross operating income | 151,306 | (3,281) | 154,587 | 204,486 | ||||
2 | (Excluding gains (losses) on bonds) | 177,838 | 10,552 | 167,286 | 227,880 | ||||
3 | Gross operating income from domestic operations | 148,061 | (3,514) | 151,575 | 200,996 | ||||
4 | (Excluding gains (losses) on bonds) | 174,783 | 10,146 | 164,637 | 224,582 | ||||
5 | Interest income | 115,792 | (1,903) | 117,695 | 155,066 | ||||
6 | Fees and commissions | 30,470 | 675 | 29,795 | 42,269 | ||||
7 | Trading income | 190 | (116) | 306 | 379 | ||||
8 | Other ordinary income | 1,608 | (2,170) | 3,778 | 3,280 | ||||
9 | (Of which, gains (losses) on bonds) | (26,721) | (13,660) | (13,061) | (23,585) | ||||
10 | Gross operating income from international operations | 3,244 | 233 | 3,011 | 3,490 | ||||
11 | (Excluding gains (losses) on bonds) | 3,054 | 406 | 2,648 | 3,298 | ||||
12 | Interest income | 1,545 | 241 | 1,304 | 1,531 | ||||
13 | Fees and commissions | 284 | 8 | 276 | 365 | ||||
14 | Trading income | 277 | 212 | 65 | 40 | ||||
15 | Other ordinary income | 1,136 | (229) | 1,365 | 1,552 | ||||
16 | (Of which, gains (losses) on bonds) | 189 | (173) | 362 | 192 | ||||
[( 2.5%)] | |||||||||
17 | Expenses | (-) | 73,867 | (1,917) | 75,784 | 100,430 | |||
18 | Personnel | (-) | 33,663 | 419 | 33,244 | 44,584 | |||
19 | Facilities | (-) | 34,904 | (2,978) | 37,882 | 49,630 | |||
20 | Taxes | (-) | 5,299 | 642 | 4,657 | 6,215 | |||
21 | (Reference) OHR (%) (17÷1) | 48.8 | (0.2) | 49.0 | 49.1 | ||||
[( 1.7%)] | |||||||||
22 | Core net business profit | 77,438 | (1,364) | 78,802 | 104,055 | ||||
23 | (Excluding gains (losses) on bonds) | 103,970 | 12,469 | 91,501 | 127,449 | ||||
24 | Provision of allowance for general loan losses | (-) | - | 3,512 | (3,512) | (2,725) | |||
25 | Net business profit | 77,438 | (4,877) | 82,315 | 106,781 | ||||
26 | (Of which, gains (losses) on bonds) | (26,531) | (13,832) | (12,699) | (23,393) | ||||
27 | Non-recurring gains (losses) | 3,972 | 8,869 | (4,897) | (4,743) | ||||
28 | Disposal of bad debts | (-) | (1,194) | (4,627) | 3,433 | 3,480 | |||
29 | Written-off of loans | (-) | 695 | 227 | 468 | 1,372 | |||
30 | Provision of allowance for specific loan losses | (-) | - | (3,827) | 3,827 | 3,455 | |||
31 | Loss on sales of non-performing loans | (-) | 3 | (19) | 22 | 22 | |||
32 | Reversal of allowance for loan losses | 1,306 | 1,306 | - | - | ||||
33 | Recoveries of written-off claims | 792 | (343) | 1,135 | 1,751 | ||||
34 | Other | (-) | 205 | (45) | 250 | 381 | |||
35 | Gain or loss on stocks and other securities | 4,621 | 4,527 | 94 | 1,576 | ||||
36 | Gain on sales of stocks and other securities | 4,641 | 4,525 | 116 | 1,598 | ||||
37 | Loss on sales of stocks and other securities | (-) | - | (13) | 13 | 13 | |||
38 | Loss on devaluation of stocks and other securities | (-) | 19 | 11 | 8 | 8 | |||
39 | Other non-recurring gains (losses) | (1,843) | (285) | (1,558) | (2,839) | ||||
[5.1%] | |||||||||
40 | Ordinary profit | 81,411 | 3,994 | 77,417 | 102,037 | ||||
41 | Extraordinary income (losses) | (379) | (1,582) | 1,203 | 1,020 | ||||
42 | Gain (loss) on disposal of non-current assets | (379) | (1,582) | 1,203 | 1,020 | ||||
43 | Gain on disposal of non-current assets | 8 | (2,622) | 2,630 | 2,630 | ||||
44 | Loss on disposal of non-current assets | (-) | 388 | (1,038) | 1,426 | 1,610 | |||
45 | Income before income taxes | 81,031 | 2,410 | 78,621 | 103,057 | ||||
46 | Income taxes-current | (-) | 20,551 | (3,274) | 23,825 | 28,570 | |||
47 | Income taxes-deferred | (-) | 4,941 | 2,340 | 2,601 | 6,965 | |||
48 | Total income taxes | (-) | 25,492 | (934) | 26,426 | 35,536 | |||
[6.4%] | |||||||||
49 | Net income | 55,539 | 3,344 | 52,195 | 67,521 | ||||
[ - ] | |||||||||
50 | Credit costs (24+28) | (-) | (1,194) | (1,115) | (79) | 755 |
13
[Consolidated] | For the nine months ended | (Unit: Billions of Yen) For the year ended | |||||
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | |||||
(A)–(B) | |||||||
[( 2.8%)] | |||||||
Consolidated gross operating income | 163,694 | (4,809) | 168,503 | 223,561 | |||
Interest income | 115,925 | (2,388) | 118,313 | 156,221 | |||
Fees and commissions | 39,153 | (650) | 39,803 | 55,311 | |||
Trading income | 2,408 | 644 | 1,764 | 2,362 | |||
Other ordinary income | 6,206 | (2,414) | 8,620 | 9,665 | |||
General and administrative expenses | (–) | 82,997 | (2,306) | 85,303 | 113,075 | ||
Credit costs | (–) | 225 | 975 | (750) | 3,429 | ||
Written-off of loans | (–) | 1,937 | (256) | 2,193 | 3,646 | ||
Provision of allowance for specific loan losses | (–) | – | – | – | 4,273 | ||
Provision of allowance for general loan losses | (–) | – | – | – | (2,150) | ||
Reversal of allowance for loan losses | 282 | (1,005) | 1,287 | – | |||
Recoveries of written-off claims | 1,638 | (307) | 1,945 | 2,759 | |||
Other | (–) | 209 | (79) | 288 | 419 | ||
Gain or loss on stocks and other securities | 4,627 | 4,499 | 128 | 308 | |||
Other | 310 | (697) | 1,007 | 710 | |||
[0.3%] | |||||||
Ordinary profit | 85,409 | 323 | 85,086 | 108,074 | |||
Extraordinary income (losses) | (384) | (2,604) | 2,220 | 10,611 | |||
Of which, gain on bargain purchase | – | (520) | 520 | 9,101 | |||
Income before income taxes | 85,024 | (2,283) | 87,307 | 118,686 | |||
Income taxes-current | (–) | 22,245 | (3,950) | 26,195 | 31,774 | ||
Income taxes-deferred | (–) | 5,545 | 1,757 | 3,788 | 7,588 | ||
Total income taxes | (–) | 27,791 | (2,193) | 29,984 | 39,362 | ||
Profit | 57,232 | (90) | 57,322 | 79,324 | |||
Profit attributable to non-controlling interests | (–) | 1,353 | (2,001) | 3,354 | 2,999 | ||
[3.5%] | |||||||
Profit attributable to owners of parent | 55,879 | 1,912 | 53,967 | 76,324 |
Note: Consolidated gross operating income =(Interest income-Interest expenses)+(Fees and commissions -Fees and commissions payments)
+ (Trading income-Trading expenses)+(Other ordinary income-Other ordinary expenses)
+ (Trading income-Trading expenses)+(Other ordinary income-Other ordinary expenses)
(Unit: Millions of Yen) | |||||
(Reference) | For the nine months ended | For the year ended | |||
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | |||
(A)–(B) | |||||
[( 3.4%)] | |||||
Consolidated net business profit | 82,904 | (2,929) | 85,833 | 114,451 |
Note: Consolidated net business profit = Non-consolidated core net business profit + Ordinary profit of consolidated subsidiaries (excluding Credit costs)
+ “Ordinary profit of equity-method affiliates” * share of stockholders equity - internal trade (dividend, etc.)
+ “Ordinary profit of equity-method affiliates” * share of stockholders equity - internal trade (dividend, etc.)
(Number of Consolidated Companies) | (Unit: Number of Companies) | ||||
As of December 31, 2015 (A) | As of December 31, 2014 (B) | As of March 31, 2015 | |||
(A)–(B) | |||||
Number of consolidated subsidiaries | 12 | 0 | 12 | 12 | |
Number of companies accounted for by the equity method | 0 | 0 | 0 | 0 |
14
2. Average Balance of Use and Source of Funds (Domestics) | (Unit: Billions of Yen) | |||||||
[Non-Consolidated] | For the nine months ended | For the year ended | ||||||
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | ||||||
(A)–(B) | ||||||||
Interest-earning assets | 12,261.4 | 185.8 | 12,075.6 | 12,117.7 | ||||
Loans and bills discounted | 9,715.1 | 232.1 | 9,483.0 | 9,520.6 | ||||
Loans to small and medium-sized businesses, etc. | 7,872.6 | 174.2 | 7,698.4 | 7,722.3 | ||||
Loans to small and medium-sized businesses | 3,008.4 | 102.6 | 2,905.8 | 2,920.2 | ||||
Loans to individuals | 4,864.1 | 71.5 | 4,792.6 | 4,802.1 | ||||
Securities | 2,247.6 | 95.0 | 2,152.6 | 2,169.7 | ||||
Bonds | 2,129.2 | 98.3 | 2,030.9 | 2,048.2 | ||||
Stocks | 118.4 | (3.2) | 121.6 | 121.5 | ||||
Interest-bearing liabilities | 13,506.7 | 1,341.4 | 12,165.3 | 12,317.4 | ||||
Deposits | 11,819.4 | 387.8 | 11,431.6 | 11,473.8 | ||||
Individual deposits | 9,036.3 | 253.0 | 8,783.3 | 8,818.5 | ||||
External liabilities | 1,380.2 | 898.0 | 482.2 | 594.5 |
3. Interest Margins (Domestics)
[Non-Consolidated] | For the nine months ended | (Unit: %) For the year ended | |||||
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | |||||
(A)–(B) | |||||||
Yield on interest-earning assets | (A) | 1.29 | (0.04) | 1.33 | 1.31 | ||
Loans and bills discounted | 1.29 | (0.09) | 1.38 | 1.37 | |||
Securities | 1.32 | 0.08 | 1.24 | 1.18 | |||
Yield on interest-bearing liabilities | (B) | 0.04 | 0.01 | 0.03 | 0.03 | ||
Deposits | 0.03 | 0.00 | 0.03 | 0.03 | |||
External liabilities | 0.08 | 0.00 | 0.08 | 0.08 | |||
Expenses ratio | 0.78 | (0.06) | 0.84 | 0.83 | |||
Total funding cost | (C) | 0.74 | (0.09) | 0.83 | 0.82 | ||
Yield spread | (A) – (B) | 1.25 | (0.05) | 1.30 | 1.28 | ||
Interest margin between loans and deposits | 0.47 | (0.04) | 0.51 | 0.51 | |||
Net interest margin | (A) – (C) | 0.55 | 0.05 | 0.50 | 0.49 |
4. Gains or Losses on Investment Securities
① Gains or Losses on Bonds
[Non-Consolidated] | For the nine months ended | (Unit: Millions of Yen) For the year ended | |||||
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | |||||
(A)–(B) | |||||||
Gains (losses) on bonds | (26,531) | (13,832) | (12,699) | (23,393) | |||
Gain on sales | 2,535 | 724 | 1,811 | 1,978 | |||
Gain on redemption | – | – | – | – | |||
Loss on sales | (-) | 27,640 | 14,475 | 13,165 | 23,114 | ||
Loss on redemption | (-) | 1,321 | 10 | 1,311 | 2,211 | ||
Loss on devaluation | (-) | 105 | 72 | 33 | 46 |
(Reference) Gains (losses) on bonds derivatives | (Unit: Millions of Yen) | ||||
For the nine months ended | For the year ended | ||||
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | |||
(A)–(B) | |||||
Gains (losses) on bonds derivatives | 26,137 | 13,354 | 12,783 | 21,431 | |
Gains (losses) on bonds + Gains (losses) on bonds derivatives | (393) | (476) | 83 | (1,962) |
15
② Gains or Losses on stocks and other securities | (Unit: Millions of Yen) | |
[Non-Consolidated] | For the nine months ended | For the year ended |
December 31, 2015 (A) | December 31, 2014 (B) | March 31, 2015 (Reference) | |||||
(A)–(B) | |||||||
Gains (losses) on stocks and other securities | 4,621 | 4,527 | 94 | 1,576 | |||
Gain on sales | 4,641 | 4,525 | 116 | 1,598 | |||
Loss on sales | (-) | - | (13) | 13 | 13 | ||
Loss on devaluation | (-) | 19 | 11 | 8 | 8 |
5. Net Unrealized Gains (Losses) on Securities | |
[Non-Consolidated] | (Unit: Millions of Yen) |
As of December 31, 2015 | As of September 30, 2015 | ||||||||||
Book Value | Net (A) | (A)–(B) | Unrealized gains | Unrealized losses | Book Value | Net (B) | Unrealized gains | Unrealized losses | |||
Held-to-maturity | 203,717 | 10,841 | (150) | 10,841 | - | 208,719 | 10,991 | 10,991 | - | ||
Available-for-sale | 2,359,808 | 139,928 | 18,123 | 147,224 | 7,296 | 2,173,510 | 121,805 | 131,377 | 9,571 | ||
Equity securities | 216,405 | 119,040 | 16,483 | 119,592 | 551 | 200,046 | 102,557 | 103,123 | 566 | ||
Debt securities | 1,405,573 | 6,579 | (299) | 7,062 | 483 | 1,297,208 | 6,878 | 7,394 | 516 | ||
Other securities | 737,830 | 14,308 | 1,938 | 20,570 | 6,261 | 676,254 | 12,370 | 20,859 | 8,488 | ||
Total | 2,563,526 | 150,770 | 17,974 | 158,066 | 7,296 | 2,382,229 | 132,796 | 142,368 | 9,571 | ||
Equity securities | 216,405 | 119,040 | 16,483 | 119,592 | 551 | 200,046 | 102,557 | 103,123 | 566 | ||
Debt securities | 1,609,290 | 17,420 | (449) | 17,903 | 483 | 1,505,927 | 17,869 | 18,385 | 516 | ||
Other securities | 737,830 | 14,308 | 1,938 | 20,570 | 6,261 | 676,254 | 12,370 | 20,859 | 8,488 |
Notes: | 1. “Available-for-sale securities” are marked to market; the difference between book values on the non-consolidated balance sheets and the acquisition cost is posted as “Net”. |
2. In addition to “Securities” on the non-consolidated balance sheets, the tables include beneficiary rights to the trust in “Monetary claims bought”.
[Consolidated] | (Unit: Millions of Yen) | ||||||||||
As of December 31, 2015 | As of September 30, 2015 | ||||||||||
Book Value | Net (A) | (A)–(B) | Unrealized gains | Unrealized losses | Book Value | Net (B) | Unrealized gains | Unrealized losses | |||
Held-to-maturity | 205,919 | 10,854 | (150) | 10,854 | - | 212,424 | 11,004 | 11,004 | - | ||
Available-for-sale | 2,368,762 | 144,148 | 18,307 | 151,488 | 7,339 | 2,182,280 | 125,841 | 135,466 | 9,624 | ||
Equity securities | 225,356 | 123,260 | 16,667 | 123,855 | 595 | 208,814 | 106,593 | 107,212 | 619 | ||
Debt securities | 1,405,575 | 6,579 | (299) | 7,062 | 483 | 1,297,210 | 6,878 | 7,394 | 516 | ||
Other securities | 737,830 | 14,308 | 1,938 | 20,570 | 6,261 | 676,254 | 12,370 | 20,859 | 8,488 | ||
Total | 2,574,682 | 155,002 | 18,156 | 162,342 | 7,339 | 2,394,704 | 136,846 | 146,470 | 9,624 | ||
Equity securities | 225,356 | 123,260 | 16,667 | 123,855 | 595 | 208,814 | 106,593 | 107,212 | 619 | ||
Debt securities | 1,611,495 | 17,433 | (449) | 17,916 | 483 | 1,509,635 | 17,882 | 18,399 | 516 | ||
Other securities | 737,830 | 14,308 | 1,938 | 20,570 | 6,261 | 676,254 | 12,370 | 20,859 | 8,488 |
Notes: | 1. “Available-for-sale securities” are marked to market; the difference between book values on the consolidated balance sheets and the acquisition cost is posted as “Net”. |
2. In addition to “Securities” on the consolidated balance sheets, the tables include beneficiary rights to the trust in “Monetary claims bought”.
16
(Reference)Transition of outstanding balance of securities | |
[Non-Consolidated] | (Unit: Millions of Yen) |
As of December 31, | As of December 31, | As of September | |||||
2015 (A) | (A)–(B) | (A)–(C) | 2014 (B) | 30, 2015 (C) | |||
Securities | 2,504,388 | 103,155 | 184,147 | 2,401,233 | 2,320,241 | ||
Government bonds | 782,125 | 43,968 | 131,820 | 738,157 | 650,305 | ||
Local government bonds | 230,609 | (32,862) | (9,280) | 263,471 | 239,889 | ||
Corporate bonds | 596,555 | (109,863) | (19,177) | 706,418 | 615,732 | ||
Stocks | 236,746 | 21,970 | 16,358 | 214,776 | 220,388 | ||
Other securities | 658,351 | 179,943 | 64,426 | 478,408 | 593,925 | ||
of which, foreign bonds | 249,817 | 4,129 | (5,519) | 245,688 | 255,336 | ||
of which, domestic investment trusts | 405,897 | 175,184 | 69,968 | 230,713 | 335,929 |
[Consolidated] | (Unit: Millions of Yen) |
As of December 31, | As of December 31, | As of September 30, | |||||
2015 (A) | (A)–(B) | (A)–(C) | 2014 (B) | 2015 (C) | |||
Securities | 2,502,662 | 106,781 | 182,845 | 2,395,881 | 2,319,817 | ||
Government bonds | 783,628 | 42,459 | 130,318 | 741,169 | 653,310 | ||
Local government bonds | 231,309 | (32,862) | (9,280) | 264,171 | 240,589 | ||
Corporate bonds | 596,557 | (109,864) | (19,178) | 706,421 | 615,735 | ||
Stocks | 233,673 | 27,023 | 16,542 | 206,650 | 217,131 | ||
Other securities | 657,493 | 180,026 | 64,443 | 477,467 | 593,050 | ||
of which, foreign bonds | 249,817 | 4,129 | (5,519) | 245,688 | 255,336 | ||
of which, domestic investment trusts | 405,897 | 175,184 | 69,968 | 230,713 | 335,929 |
6.Derivative contracts | |
[Consolidated] | |
① Interest rate contracts | (Unit: Millions of Yen) |
As of December 31, 2015 | As of September 30, 2015 | ||||||
Contract or Notional Amount | Fair Value (Loss) | Unrealized Gain (Loss) | Contract or Notional Amount | Fair Value (Loss) | Unrealized Gain (Loss) | ||
OTC | Interest rate swaps | 4,872,001 | 9,525 | 9,525 | 4,995,248 | 9,229 | 9,229 |
Others | 27,804 | (2) | 327 | 27,719 | (2) | 341 | |
Total | 9,522 | 9,852 | 9,226 | 9,570 |
Note: Derivative contracts subject to hedge accounting are not included in the above table.
② Foreign exchange | (Unit: Millions of Yen) |
As of December 31, 2015 | As of September 30, 2015 | ||||||
Contract or Notional Amount | Fair Value (Loss) | Unrealized Gain (Loss) | Contract or Notional Amount | Fair Value (Loss) | Unrealized Gain (Loss) | ||
OTC | Currency swaps | 43,093 | 103 | 103 | 44,861 | 123 | 123 |
Forward exchange contracts | 178,574 | 463 | 463 | 315,864 | (221) | (221) | |
Options | 42,555 | 10 | 200 | 49,776 | 19 | 230 | |
Total | 577 | 766 | (78) | 132 |
Note: Derivative contracts subject to hedge accounting are not included in the above table.
③ Stocks contracts | Not applicable |
④ Bonds contracts | (Unit: Millions of Yen) |
As of December 31, 2015 | As of September 30, 2015 | ||||||
Contract or Notional Amount | Fair Value (Loss) | Unrealized Gain (Loss) | Contract or Notional Amount | Fair Value (Loss) | Unrealized Gain (Loss) | ||
Market | Bond futures | 2,231 | (4) | (4) | 1,922 | (3) | (3) |
OTC | Options | 120,000 | (820) | (184) | - | - | - |
Total | (824) | (188) | (3) | (3) |
⑤ Commodity related contracts | Not applicable |
⑥ Credit derivative contracts | Not applicable |
17
III. LOANS, etc. INFORMATION
1. Risk Managed Loan Information
[Non-Consolidated] | (Unit: Millions of Yen) | ||
As of December 31, 2015 (A) | As of September 30, 2015 (B) | ||
Risk managed loans | (A)–(B) | ||
Loans to borrowers in bankruptcy | 2,875 | (770) | 3,645 |
Past due loans | 182,357 | 2,712 | 179,645 |
Accruing loans contractually past due for 3 months or more | 5,514 | 645 | 4,869 |
Restructured loans | 11,922 | (513) | 12,435 |
Total | 202,670 | 2,074 | 200,596 |
(Amount of partial direct written-off) | 35,683 | (646) | 36,329 |
Loans and bills discounted | 10,036,282 | 117,249 | 9,919,033 |
Notes: | 1. The amounts are presented after partial direct written-off. |
2. The standard of accrued interest for non-performing loans is based on borrowers classification under the self-assessment guidelines.
[Consolidated] | (Unit: Millions of Yen) | ||
As of December 31, 2015 (A) | As of September 30, 2015 (B) | ||
Risk managed loans | (A)–(B) | ||
Loans to borrowers in bankruptcy | 2,875 | (770) | 3,645 |
Past due loans | 181,105 | 2,444 | 178,661 |
Accruing loans contractually past due for 3 months or more | 5,514 | 645 | 4,869 |
Restructured loans | 11,922 | (513) | 12,435 |
Total | 201,417 | 1,805 | 199,612 |
(Amount of partial direct written-off) | 48,270 | (833) | 49,103 |
Loans and bills discounted | 9,990,345 | 115,376 | 9,874,969 |
Notes: | 1. The amounts are presented after partial direct written-off. |
2. The standard of accrued interest for non-performing loans is based on borrowers classification under the self-assessment guidelines.
2. Status of Claims disclosed under the Financial Revitalization Law
[Non-Consolidated] | (Unit: Millions of Yen) | ||||
As of December 31, 2015 (A) | As of September 30, 2015 (B) | ||||
(A)–(B) | |||||
Unrecoverable or valueless claims | 57,936 | 2,266 | 55,670 | ||
Doubtful claims | 128,268 | (388) | 128,656 | ||
Claims in need of special caution | 17,437 | 132 | 17,305 | ||
Sub-total (Claims in need of special caution or below) | A | 203,642 | 2,010 | 201,632 | |
Claims in need of caution (excluding claims in need of special caution) | 923,988 | (6,610) | 930,598 | ||
Claims to normal borrowers (excluding claims in need of caution) | 9,047,501 | 124,900 | 8,922,601 | ||
Sub-total (Normal claims) | 9,971,490 | 118,290 | 9,853,200 | ||
Total (Credit exposures) | B | 10,175,132 | 120,300 | 10,054,832 | |
Claims in need of special caution based on borrowers classification under the self-assessment guideline | 18,551 | 65 | 18,486 | ||
Non-performing loans ratio (Percentage of claims in need of special caution or below) (%) | A / B | 2.0 | 0.0 | 2.0 |
[Consolidated] | (Unit: Millions of Yen) | ||||
As of December 31, 2015 (A) | As of September 30, 2015 (B) | ||||
(A)–(B) | |||||
Unrecoverable or valueless claims | 57,036 | 2,020 | 55,016 | ||
Doubtful claims | 129,104 | (517) | 129,621 | ||
Claims in need of special caution | 17,437 | 132 | 17,305 | ||
Sub-total (Claims in need of special caution or below) | C | 203,578 | 1,635 | 201,943 | |
Claims in need of caution (excluding claims in need of special caution) | 927,564 | (6,977) | 934,541 | ||
Claims to normal borrowers (excluding claims in need of caution) | 9,113,731 | 120,447 | 8,993,284 | ||
Sub-total (Normal claims) | 10,041,296 | 113,470 | 9,927,826 | ||
Total (Credit exposures) | D | 10,244,874 | 115,105 | 10,129,769 | |
Claims in need of special caution based on borrowers classification under the self-assessment guideline | 19,084 | 99 | 18,985 | ||
Non-performing loans ratio (Percentage of claims in need of special caution or below) (%) | C / D | 1.9 | 0.0 | 1.9 |
18
3. Loan Portfolio Information
Domestic branches (excluding loans in offshore market account)
[Non-Consolidated] | (Unit: Millions of Yen) | |||||
As of December 31, 2015 (A) | As of December 31, 2014 (B) | As of September 30, 2015 (C) | ||||
(A)–(B) | (A)–(C) | |||||
Total | 10,020,49 | 189,473 | 116,932 | 9,831,016 | 9,903,557 | |
Manufacturing | 969,530 | 12,162 | 37,508 | 957,368 | 932,022 | |
Agriculture and forestry | 2,520 | (430) | (96) | 2,950 | 2,616 | |
Fishery | 6,390 | (223) | (107) | 6,613 | 6,497 | |
Mining and quarrying of stone and gravel | 4,273 | (325) | 78 | 4,598 | 4,195 | |
Construction | 226,457 | (5,126) | 7,229 | 231,583 | 219,228 | |
Electric power, gas, heat supply and water supply | 27,717 | 7,359 | (52) | 20,358 | 27,769 | |
IT and telecommunication | 62,590 | (2,241) | 1,225 | 64,831 | 61,365 | |
Transport and postal activities | 319,608 | (1,734) | 2,241 | 321,342 | 317,367 | |
Wholesale and retail | 808,367 | (15,373) | 16,412 | 823,740 | 791,955 | |
Finance and insurance | 204,383 | 5,681 | 10,310 | 198,702 | 194,073 | |
Real estate and goods rental and leasing | 2,754,020 | 118,167 | 37,255 | 2,635,853 | 2,716,765 | |
Other services | 764,668 | 15,620 | 6,802 | 749,048 | 757,866 | |
Local governments | 274,913 | 39,819 | (3,011) | 235,094 | 277,924 | |
Others | 3,595,048 | 16,124 | 1,141 | 3,578,924 | 3,593,907 |
4. Loans Information
[Non-Consolidated]
①Balances of Loans (All branches)
For the nine months ended | (Unit: Billion of Yen) For the six months ended | ||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | |||
(A)–(B) | |||||
(Outstanding balance) | 10,036.2 | 188.7 | 9,847.5 | 9,919.0 | |
(Average balance) | 9,863.2 | 268.8 | 9,594.4 | 9,832.9 |
②Breakdown of Loans (outstanding balance) and Ratio of loans to small and medium-sized businesses, etc.
Domestic branches (excluding loans in offshore market account) | (Unit: Billions of Yen) | ||||||||||
As of December 31, 2015 | As of December 31, 2014 | As of September 30, 2015 | |||||||||
(A) | (A)–(B) | (A)–(C) | (B) | (C) | |||||||
Total | A | 10,020.4 | 189.4 | 116.9 | 9,831.0 | 9,903.5 | |||||
Loans to large and medium-sized businesses | 1,582.5 | 6.8 | 43.6 | 1,575.7 | 1,538.9 | ||||||
Loans to small and medium-sized businesses, etc. | B | 8,039.7 | 137.7 | 66.8 | 7,902.0 | 7,972.9 | |||||
Loans to small and medium-sized businesses | 3,173.6 | 102.8 | 69.9 | 3,070.8 | 3,103.7 | ||||||
Loans to individuals | 4,866.1 | 35.0 | (3.1) | 4,831.1 | 4,869.2 | ||||||
Residential loans | 4,503.5 | 26.4 | (1.8) | 4,477.1 | 4,505.3 | ||||||
Housing loans | 3,057.5 | (12.9) | (7.6) | 3,070.4 | 3,065.1 | ||||||
Apartment loans | 1,445.9 | 39.2 | 5.8 | 1,406.7 | 1,440.1 | ||||||
Other individual loans | 362.6 | 8.6 | (1.2) | 354.0 | 363.8 | ||||||
Public sectors | 398.1 | 44.9 | 6.5 | 353.2 | 391.6 | ||||||
Retail Loans in Kanagawa Prefecture | 6,785.3 | 78.9 | 39.7 | 6,706.4 | 6,745.6 | ||||||
Note: Retail Loans in Kanagawa Prefecture = outstanding balance of loans to small and medium-sized businesses, etc. of which in Kanagawa Prefecture | |||||||||||
(Unit: %) | |||||||||||
Ratio of loans to small and medium-sized businesses, etc. | B / A | 80.2 | (0.1) | (0.3) | 80.3 | 80.5 |
(Reference) | For the nine months ended | (Unit: Billions of Yen) For the six months ended | ||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | ||||
(A)–(B) | ||||||
New housing Loans | (Notes 1 and 2) | 132.7 | (61.7) | 194.4 | 91.8 | |
New apartment Loans | (Note 1) | 124.2 | 12.7 | 111.5 | 91.9 |
Notes: | 1. Our managerial accounting basis |
2. Excluding Flat 35
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③Breakdown of Loans (average balance)
Domestic branches (excluding loans in offshore market account)
For the nine months ended | (Unit: Billions of Yen) For the six months ended | ||||||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | |||||||
(A)–(B) | |||||||||
Total | 9,848.1 | 270.0 | 9,578.1 | 9,817.6 | |||||
Loans to large and medium-sized businesses | 1,526.0 | 28.2 | 1,497.8 | 1,518.9 | |||||
Loans to small and medium-sized businesses, etc. | 7,930.2 | 186.5 | 7,743.7 | 7,907.9 | |||||
Loans to small and medium-sized businesses | 3,066.0 | 114.9 | 2,951.1 | 3,043.1 | |||||
Loans to individuals | 4,864.1 | 71.5 | 4,792.6 | 4,864.8 | |||||
Residential loans | 4,502.3 | 62.7 | 4,439.6 | 4,504.2 | |||||
Housing loans | 3,071.6 | 24.4 | 3,047.2 | 3,077.7 | |||||
Apartment loans | 1,430.7 | 38.4 | 1,392.3 | 1,426.5 | |||||
Other individual loans | 361.8 | 8.9 | 352.9 | 360.5 | |||||
Public sectors | 391.8 | 55.3 | 336.5 | 390.6 |
5. Deposits Information
[Non-Consolidated]
① Balances of Deposits (All branches)
For the nine months ended | (Unit: Billions of Yen) For the six months ended | ||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | |||
(A)–(B) | |||||
(Outstanding balance) | 12,125.2 | 340.3 | 11,784.9 | 12,017.5 | |
(Average balance) | 12,038.9 | 432.8 | 11,606.1 | 12,054.0 |
② Breakdown of depositors’ categories
Domestic branches (excluding deposits in offshore market account)
(Unit: Billions of Yen) | ||||||||
<Outstanding balance> | As of December 31, 2015 (A) | As of December 31, 2014 (B) | As of September 30, 2015 (C) | |||||
(A)–(B) | (A)–(C) | |||||||
Individual | 9,270.7 | 235.7 | 213.6 | 9,035.0 | 9,057.1 | |||
Of which, liquid deposits | 6,441.4 | 235.8 | 233.8 | 6,205.6 | 6,207.6 | |||
Of which, fixed deposits | 2,798.9 | 5.4 | (20.1) | 2,793.5 | 2,819.0 | |||
Corporate | 2,418.1 | 36.8 | 29.3 | 2,381.3 | 2,388.8 | |||
Local Public | 301.7 | 32.2 | (84.8) | 269.5 | 386.5 | |||
Financial institutions | 61.8 | (4.8) | (51.4) | 66.6 | 113.2 | |||
Total | 12,052.5 | 300.0 | 106.7 | 11,752.5 | 11,945.8 | |||
Of which, deposits in Kanagawa Prefecture | 11,054.3 | 272.3 | 59.4 | 10,782.0 | 10,994.9 |
For the nine months ended | (Unit: Billions of Yen) For the six months ended | |||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | ||||
<Average balance> | (A)–(B) | |||||
Individual | 9,066.5 | 246.9 | 8,819.6 | 9,042.3 | ||
Corporate | 2,391.6 | 91.7 | 2,299.9 | 2,392.9 | ||
Local Public | 441.9 | 62.5 | 379.4 | 475.9 | ||
Financial institutions | 73.6 | (2.9) | 76.5 | 75.8 | ||
Total | 11,973.7 | 398.1 | 11,575.6 | 11,987.0 | ||
Of which, deposits in Kanagawa Prefecture | 10,998.6 | 368.7 | 10,629.9 | 11,013.7 |
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6. Individual Deposit Assets, etc.
① Balances of deposit assets for individuals
[Non-Consolidated] | (Unit: Billions of Yen) | ||||||||
As of December 31, 2015 (A) | As of December 31, 2014 (B) | As of September 30, 2015 (C) | |||||||
(A)–(B) | (A)–(C) | ||||||||
Investment trusts | 578.5 | (29.3) | 7.2 | 607.8 | 571.3 | ||||
Insurance | 987.3 | 20.0 | 26.4 | 967.3 | 960.9 | ||||
Foreign currency deposits | 28.3 | (5.5) | (0.2) | 33.8 | 28.5 | ||||
Public bonds | 143.1 | (49.4) | (8.0) | 192.5 | 151.1 | ||||
Total balance of investment products for individuals | A | 1,737.4 | (64.2) | 25.4 | 1,801.6 | 1,712.0 | |||
Individual deposits (deposits in yen) | 9,242.4 | 241.3 | 213.9 | 9,001.1 | 9,028.5 | ||||
Total individual deposit assets | B | 10,979.8 | 177.0 | 239.2 | 10,802.8 | 10,740.6 | |||
Ratio of investment products for individuals | A / B | 15.8% | (0.8%) | (0.1%) | 16.6% | 15.9% | |||
[Consolidated] | |||||||||
Investment products for individuals at Hamagin Tokai Tokyo Securities Co.,Ltd. | C | 346.2 | (7.3) | 26.5 | 353.5 | 319.7 | |||
Total balance of investment products for individuals (Group total) | D=A+C | 2,083.6 | (71.5) | 51.8 | 2,155.1 | 2,031.8 | |||
Total individual deposit assets (Group total) | E=B+C | 11,326.1 | 169.8 | 265.7 | 11,156.3 | 11,060.4 | |||
Ratio of investment products for individuals (Group total) | D / E | 18.3% | (1.0%) | 0.0% | 19.3% | 18.3% |
② Sales amount of investment products for individuals
[Consolidated] | For the nine months ended | (Unit: Billions of Yen) For the six months ended |
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | ||||
(A)–(B) | ||||||
Sales amount of Investment trusts (The Bank of Yokohama, Ltd.) | 226.3 | (108.9) | 335.2 | 170.1 | ||
Sales amount of Insurance (The Bank of Yokohama, Ltd.) | 131.8 | 19.6 | 112.2 | 92.4 | ||
Sales amount of Investment products for individuals at Hamagin Tokai Tokyo Securities Co., Ltd. | 106.9 | (43.4) | 150.3 | 79.6 | ||
Sales amount of investment products for individuals (Group total) | 465.2 | (132.6) | 597.8 | 342.2 |
7. Loan-Deposit Ratio and Securities-Deposit Ratio
[Non-Consolidated]
① Loan-deposit ratio (All branches)
For the nine months ended | (Unit: %) For the six months ended | ||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | |||
(A)–(B) | |||||
Ratio by outstanding balance | 80.82 | (2.08) | 82.90 | 80.88 | |
Ratio by average balance | 80.41 | (1.41) | 81.82 | 80.43 |
Note: Deposits include negotiable certificates of deposit.
② Securities-deposit ratio (All branches)
For the nine months ended | (Unit: %) For the six months ended | ||||
December 31, 2015 (A) | December 31, 2014 (B) | September 30, 2015 (Reference) | |||
(A)–(B) | |||||
Ratio by outstanding balance | 20.16 | (0.05) | 20.21 | 18.92 | |
Ratio by average balance | 20.46 | 0.50 | 19.96 | 20.55 |
Note: Deposits include negotiable certificates of deposit.
Capital ratio as of December 31, 2015 will be announced when it is fixed. |
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