August 5, 2016
Consolidated Financial Results for the Three Months ended June 30, 2016 | ![]() |
<under Japanese GAAP>
Company Name: | Concordia Financial Group, Ltd. |
Stock Exchange Listing: | Tokyo |
Code Number: | 7186 |
URL: | http://www.concordia-fg.jp/ |
Representative: | Representative Director, President Tatsumaro Terazawa |
Quarterly Securities Report (Shihanki Hokokusho) Issuing Date: | August 8, 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 Three months ended June 30, 2016)
(1) Operating Results | (Unit: Millions of Yen, except per share data and percentages) |
Ordinary Income | Ordinary Profit | Profit Attributable to Owners of Parent | ||||
Three months ended June 30, 2016 | 83,202 | -% | 23,833 | -% | 76,281 | -% |
Three months ended June 30, 2015 | - | -% | - | -% | - | -% |
(Note1) Comprehensive Income: | Three months ended June 30, 2016:¥53,161 million [-%]; |
Three months ended June 30, 2015:¥ - million [-%] |
(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) | |
Three months ended June 30, 2016 | ¥58.66 | ¥58.61 |
Three months ended June 30, 2015 | ¥ - | ¥ - |
(Note) | As Concordia Financial Group, Ltd. was established on April 1, 2016, figures for the three months ended June 30, 2015 and percentages for changes from the three months ended June 30, 2015 are not provided. |
(2) Financial Position | (Unit: Millions of Yen, except percentages) |
Total Assets | Total Net Assets | Own Capital Ratio | |
June 30, 2016 | 18,221,993 | 1,100,929 | 5.7% |
March 31, 2016 | - | - | -% |
(Reference) Own Capital: June 30, 2016: ¥1,055,071 million; March 31, 2016: ¥ - million
(Note1) | Own Capital Ratio = (Total Net Assets - Subscription Rights to Shares - Non-controlling Interests) / Total Assets |
(Note2) | As Concordia Financial Group, Ltd. was established on April 1, 2016, figures for the fiscal year ended March 31, 2016 are not provided. |
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, 2016 | - | - | - | - | - |
Fiscal year ending March 31, 2017 | - | ||||
Fiscal year ending March 31, 2017 (Forecasts) | ¥7.50 | - | ¥6.50 | ¥14.00 |
(Note1) | Revision of forecasts for dividends from the latest announcement: No |
(Note2) | 2nd Quarter-End Dividend for Fiscal year ending March 31, 2017 (Forecasts) includes a Commemorative Dividend of ¥ 1.00. |
(Note3) | Payment of Special Dividend for Fiscal year ending March 31, 2017 will be announced based on our Shareholder Return Policy and our performance. |
3. Consolidated Earnings Forecasts (for the fiscal year ending March 31, 2017)
(Unit: Millions of Yen, except per share data)
Ordinary Profit | Profit Attributable to Owners of Parent | Net Income per Share | |||
Six month ending September 30, 2016 | 47,000 | -% | 92,000 | -% | ¥70.75 |
Fiscal year ending March 31, 2017 | 93,500 | -% | 123,500 | -% | ¥94.97 |
(Note1) | Percentages shown in Ordinary Profit and Profit Attributable to Owners of Parent are the increase (decrease) from the same period previous year. |
(Note2) | Revision of earnings forecasts from the latest announcement: No |
(Note3) | As Concordia Financial Group, Ltd. was established on April 1, 2016, percentages for changes from the same period previous year are not provided. |
※ NOTE
(1) Changes in the scope of consolidated significant subsidiaries during the three months ended June 30, 2016: 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: | No |
(B) Changes in accounting policies due to reasons other than (A): | Yes |
(C) Changes in accounting estimates: | Yes |
(D) Restatements: | No |
(4) Number of common stocks issued:
(A) Number of stocks issued (including treasury stocks): | June 30, 2016 | 1,300,398,483 shares | March 31, 2016 | - shares | ||||
(B) Number of treasury stocks: | June 30, 2016 | 8,996 shares | March 31, 2016 | - shares | ||||
(C) Average outstanding stocks for the three months ended: | June 30, 2016 | 1,300,302,470 shares | June 30, 2015 | - shares |
(Note) | As Concordia Financial Group, Ltd. was established on April 1, 2016, figures for the fiscal year ended March 31, 2016 and the three months ended June 30, 2015 are not provided. |
(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, 2017 is based on the weighted average of ‘Average outstanding stocks for the three months ended June 30, 2016,’, which is indicated ‘(4)Number of common stocks issued’ above, and ‘Average outstanding stocks from July 1, 2016 to March 31, 2017 (forecast)’. |
3. | Average outstanding stocks for this period which are used to calculate net income per share for the fiscal year ending March 31, 2017 does not take into account the impact of repurchase of own shares, which are announced separately today. |
Contents of Attachment
1. | Qualitative Information Regarding Consolidated Financial Statements for the Three Months Ended June 30, 2016 |
(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 |
(2) | Additional Information |
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 on Significant Changes in the Amounts of Shareholders’ Equity |
(5) | Business Combination |
(6) | Significant Subsequent Events |
※ | Supplemental Information for Quarterly Financial Statements |
Selected Financial Information for the three months ended June 30, 2016 |
1. Qualitative Information Regarding Consolidated Financial Statements for the Three Months Ended June 30, 2016
(1) Qualitative Information Regarding Operating Results
Concordia Financial Group, Ltd. was established as a result of the business integration between The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited through a joint share transfer on April 1, 2016. Concordia Financial Group, Ltd. aims to contribute to creating a vibrant future as a trusted financial group and to enhance its corporate value together with the growth of the region by providing the best financial services to its customers through collaboration that leverages the strengths and uniqueness of each group company.
During the three months ended June 30, 2016, ordinary income amounted to ¥83.202 billion. On the other hand, ordinary expenses amounted to ¥59.369 billion. As a result, ordinary profit for the three months ended June 30, 2016 amounted to ¥23.833 billion. Profit attributable to owners of parent amounted to ¥76.281 billion, as gain on bargain purchase of ¥60.346 billion was recognized as extraordinary income.
(2) Qualitative Information Regarding Financial Position
As a result of the efforts to obtain deposits by promoting establishment of comprehensive business relationship with the customers, deposits as of June 30, 2016 amounted to ¥14,443.9 billion, which included fixed deposits of ¥4,249.1 billion as of June 30, 2016.
Loans and bills discounted as of June 30, 2016 amounted to ¥11,697.2 billion. In addition, securities as of June 30, 2016 amounted to ¥2,750.5 billion, which included government bonds of ¥678.1 billion as of June 30, 2016.
Total assets as of June 30, 2016 amounted to ¥18,221.9 billion, and net assets as of June 30, 2016 amounted to ¥1,100.9 billion.
(3) Information Regarding Consolidated Earnings Forecasts
The consolidated earnings forecasts for the term ending March 31, 2017 announced on May 13, 2016 remains unchanged.
2. Summary Information (Note)
(1) Changes in Accounting Policies, Accounting Estimates, and Restatements
Concordia Financial Group, Ltd. is a wholly-owning parent company established as a result of the business integration between The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited through a joint share transfer on April 1, 2016. Accounting policies and accounting estimates applied by Concordia Financial Group, Ltd. are consistent with those applied in preparing consolidated financial statements of The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited.
(Changes in accounting policies that are difficult to distinguish from changes in accounting estimates)
For the depreciation method of tangible fixed assets (except leased assets), consolidated subsidiaries of Concordia Financial Group, Ltd. mainly adopt the straight-line method instead of the declining-balance method from the three months ended June 30, 2016. Previously, depreciation of tangible fixed assets held by consolidated subsidiaries was mainly calculated using the declining-balance method, except for buildings (excluding fixtures) acquired on or after April 1, 1998, to which the straight-line method was applied.
Concordia Financial Group, Ltd. plans a capital investment in business equipment under the Medium-term Management Plan starting from the fiscal year ending March 31, 2017. It is expected that the equipment and other existing equipment will be used stably over a long period of time. Therefore, in implementing the Medium-term Management Plan, Concordia Financial Group, Ltd. has changed the depreciation method to the straight-line method to reflect the actual usage, in which an equal amount of expenses is recognized over useful lives of tangible fixed assets.
As a result of the change, ordinary profit and profit before income taxes increased by ¥391 million for the three months ended June 30, 2016, respectively, compared with the amounts calculated by the previous accounting method.
(2) Additional Information
Concordia Financial Group, Ltd. applies the “Implementation Guidance on Recoverability of Deferred Tax Assets” (Accounting Standards Board of Japan (ASBJ) Guidance No.26 issued on March 28, 2016) from the three months ended June 30, 2016.
3. Consolidated Financial Statements | |
(1) Consolidated Balance Sheets |
(Unit: Millions of Yen) | ||||
As of June 30, 2016 | ||||
Assets: | ||||
Cash and due from banks | 2,754,193 | |||
Call loans and bills bought | 194,727 | |||
Monetary claims bought | 96,763 | |||
Trading assets | 6,808 | |||
Securities | 2,750,529 | |||
Loans and bills discounted | 11,697,232 | |||
Foreign exchanges | 18,713 | |||
Lease receivables and investment assets | 64,783 | |||
Other assets | 345,387 | |||
Tangible fixed assets | 155,339 | |||
Intangible fixed assets | 12,969 | |||
Net defined benefit asset | 28,940 | |||
Deferred tax assets | 8,271 | |||
Customers’ liabilities for acceptances and guarantees | 147,076 | |||
Allowance for loan losses | (59,744 | ) | ||
Total assets | 18,221,993 | |||
Liabilities: | ||||
Deposits | 14,443,923 | |||
Negotiable certificates of deposit | 623,851 | |||
Call money and bills sold | 620,297 | |||
Payables under securities lending transactions | 103,240 | |||
Trading liabilities | 217 | |||
Borrowed money | 936,297 | |||
Foreign exchanges | 327 | |||
Bonds payable | 10,000 | |||
Other liabilities | 199,554 | |||
Provision for bonuses | 1,269 | |||
Net defined benefit liability | 8,585 | |||
Provision for reimbursement of deposits | 1,763 | |||
Provision for loss on cancellation of system contracts | 2,270 | |||
Provision for contingent losses | 1,067 | |||
Reserves under special laws | 16 | |||
Deferred tax liabilities | 4,710 | |||
Deferred tax liabilities for land revaluation | 16,594 | |||
Acceptances and guarantees | 147,076 | |||
Total liabilities | 17,121,063 | |||
Net assets: | ||||
Capital stock | 150,031 | |||
Capital surplus | 292,579 | |||
Retained earnings | 520,311 | |||
Treasury shares | (4 | ) | ||
Total shareholders’ equity | 962,919 | |||
Valuation difference on available-for-sale securities | 60,382 | |||
Deferred gains or losses on hedges | (17 | ) | ||
Revaluation reserve for land | 36,928 | |||
Remeasurements of defined benefit plans | (5,141 | ) | ||
Total accumulated other comprehensive income | 92,151 | |||
Subscription rights to shares | 437 | |||
Non-controlling interests | 45,420 | |||
Total net assets | 1,100,929 | |||
Total liabilities and net assets | 18,221,993 |
(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income | ||||
(Consolidated Statements of Income) | ||||
(For the three months ended) | (Unit: Millions of Yen) | |||
June 30, 2016 | ||||
Ordinary income | 83,202 | |||
Interest income | 44,152 | |||
Of which, interest on loans and bills discounted | 36,953 | |||
Of which, interest and dividends on securities | 5,512 | |||
Fees and commissions | 13,898 | |||
Trading income | 520 | |||
Other ordinary income | 22,987 | |||
Other income | 1,644 | |||
Ordinary expenses | 59,369 | |||
Interest expenses | 2,495 | |||
Of which, interest on deposits | 1,242 | |||
Fees and commissions payments | 1,349 | |||
Other ordinary expenses | 18,957 | |||
General and administrative expenses | 33,620 | |||
Other expenses | 2,946 | |||
Ordinary profit | 23,833 | |||
Extraordinary income | 60,394 | |||
Gain on disposal of non-current assets | 47 | |||
Gain on bargain purchase | 60,346 | |||
Extraordinary losses | 244 | |||
Loss on disposal of non-current assets | 243 | |||
Other | 0 | |||
Profit before income taxes | 83,982 | |||
Income taxes - current | 5,359 | |||
Income taxes - deferred | 1,980 | |||
Total income taxes | 7,339 | |||
Profit | 76,642 | |||
Profit attributable to non-controlling interests | 361 | |||
Profit attributable to owners of parent | 76,281 |
(Consolidated Statements of Comprehensive Income) (For the three months ended) | (Unit: Millions of Yen) | |||
June 30, 2016 | ||||
Profit | 76,642 | |||
Other comprehensive income | (23,481 | ) | ||
Valuation difference on available-for-sale securities | (23,952 | ) | ||
Deferred gains or losses on hedges | (55 | ) | ||
Remeasurements of defined benefit plans | 526 | |||
Comprehensive income | 53,161 | |||
(Comprehensive income attributable to) | ||||
Comprehensive income attributable to owners of parent | 52,799 | |||
Comprehensive income attributable to non-controlling interests | 361 |
(3) Notes on Going Concern Assumption
Not applicable.
(4) Notes on Significant Changes in the Amounts of Shareholders’ Equity
(Unit: Millions of yen)
Capital stock | Capital surplus | Retained earnings | Treasury shares | Total shareholders’ equity | |
Balance at the beginning of current period | 215,628 | 177,244 | 488,988 | (34,009) | 847,851 |
Changes of items during the period | |||||
Changes due to a joint share transfer (Note) | (65,628) | 115,303 | 49,674 | ||
Issuance of new shares | 31 | 31 | 63 | ||
Dividends of surplus | (10,946) | (10,946) | |||
Profit attributable to owners of parent | 76,281 | 76,281 | |||
Purchase of treasury shares | (6) | (6) | |||
Disposal of treasury shares | (0) | 0 | 0 | ||
Retirement of treasury shares | (34,011) | 34,011 | ― | ||
Net changes of items during the period | (65,596) | 115,335 | 31,323 | 34,004 | 115,067 |
Balance at the end of current period | 150,031 | 292,579 | 520,311 | (4) | 962,919 |
(Note) | Changes due to an establishment of Concordia Financial Group, Ltd. as a result of the business integration between The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited through a joint share transfer on April 1, 2016. |
(5) Business Combination
Concordia Financial Group, Ltd. was established as a result of the business integration between The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited through a joint share transfer on April 1, 2016. The joint share transfer was accounted under the purchase method in accordance with the Accounting Standard for Business Combination where The Bank of Yokohama, Ltd. was the accounting acquirer and The Higashi-Nippon Bank, Limited was the accounting acquiree.
1. | Outline of the business combination |
(1) | Name of the acquired company and its business |
The Higashi-Nippon Bank, Limited (Banking business) |
(2) | Major reasons for the business combination |
In recent years, the market size in regional economies has been expected to shrink in the future due to the aging and declining population. In addition, there has been a significant structural change in the operating foundation of regional financial institutions, due to the fact that the number of regional financial institutions has not declined despite the fact that, since the collapse of the bubble economy, the corporate sector has surplus funds and has thus been less dependent on indirect finance. Consequently, it has become an important business challenge for all regional financial institutions to cope with reduction of profit margins and deterioration of earnings capacity resulting from interest rate competition.
Taking into account such changes in the environment, The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited believed that it was necessary for regional financial institutions to promote sharing of a wide-area network and cooperation with each other to further contribute to sustainable regional growth going forward. Based on this belief, The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited decided to form a new financial group that is open to other regional financial institutions that share the same management strategy and that would play a central role in regional finance with wide area coverage.
While The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited are based in the Metropolitan area, The Bank of Yokohama, Ltd. has as its strengths a stable fund raising capability and the ability to efficiently and broadly provide high-quality financial services that are supported by strong brand power principally in Kanagawa Prefecture and southwest Tokyo, whereas The Higashi-Nippon Bank, Limited has as its strength sales capabilities focusing on attentive face-to-face transactions and presentation of proposals in the area of loans to small and medium-sized enterprises.
Taking into account such strengths and characteristics of The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited and the fact that despite both being based in the Metropolitan area, both of The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited are not competing much against each other in sales areas, customer bases and areas of strength, etc. but rather are more complementary to each other, The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited confirmed that The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited would be able to improve services to customers and corporate value through the expected improvements in efficiency and synergy effects for growth from the business integration. Accordingly, The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited reached a definitive agreement on the implementation of the business integration through an establishment of a holding company on September 8, 2015.
(3) | Date of the business combination |
April 1, 2016
(4) | Legal form of the business combination |
Incorporation of a joint holding company through a share transfer
(5) | Company name after the business combination |
Concordia Financial Group, Ltd.
(6) | Ratio of voting rights acquired |
100%
(7) | Main basis for determining the acquiring company |
Based on factors in determining the acquiring company in the Accounting Standard for Business Combination.
2. | Period of the acquired company’s financial results included in the consolidated financial statements |
From April 1, 2016 to June 30, 2016 |
3. | Acquisition cost of the acquired company and breakdown of that cost |
Fair value of common shares of Concordia Financial Group, Ltd. delivered at the acquisition date | ¥49,756 million |
Fair value of subscription rights to shares of Concordia Financial Group, Ltd. delivered at the acquisition date | ¥211 million |
Acquisition cost | ¥49,968 million |
4. | Share transfer ratio by class of shares, its calculation method, and the number of shares transferred |
(1) | Share transfer ratio by class of shares |
(a) 1.000 share of Concordia Financial Group, Ltd. for each share of common shares of The Bank of Yokohama, Ltd.
(b) 0.541 share of Concordia Financial Group, Ltd. for each share of common shares of The Higashi-Nippon Bank, Limited
(2) | Calculation method |
The Bank of Yokohama, Ltd. appointed Daiwa Securities Co. Ltd. and The Higashi-Nippon Bank, Limited appointed SMBC Nikko Securities Inc. as independent third party assessors and each requested its respective assessor to calculate the share transfer ratio. Based on the reports submitted by the assessors and upon discussions on the share transfer ratio between The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited, the share transfer ratio was agreed upon and determined.
(3) | Number of shares transferred |
Common shares of 1,300,263,183 |
5. | Amount of and reason for gain on bargain purchase |
(1) | Amount of gain on bargain purchase |
¥60,346 million
(2) | Reason for gain on bargain purchase |
As the net amounts of assets acquired and liabilities assumed exceeded the acquisition cost, the difference was recognized as gain on bargain purchase.
(6) Significant Subsequent Events
Redemption of preferred securities
Concordia Financial Group, Ltd. and its subsidiary, The Bank of Yokohama, Ltd., determined the redemption of preferred securities issued through an overseas special purpose company, a subsidiary of The Bank of Yokohama, Ltd., and fully redeemed on July 25, 2016. The outline of preferred securities redeemed is as follows:
(a) Issuer
Yokohama Preferred Capital Cayman Limited
(b) Type of securities issued
Non-cumulative perpetual preferred securities
(c) Gross amount of redemption
¥40 billion
(d) Redemption date
July 25, 2016
(e) Reasons for redemption
Due for voluntary redemption
SELECTED FINANCIAL INFORMATION FOR THE THREE MONTHS ENDED JUNE 30, 2016 |
[CONTENTS]
I. | Summary |
II. | Digest of Financial Results for the three months ended June 30, 2016 |
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. | Claims Disclosed under the Financial Revitalization Law |
7. | Loans Information |
8. | Deposits Information |
9. | Individual Deposit Assets |
I. Summary
1. Income status |
<Concordia Financial Group, Ltd. Consolidated> •For the consolidated operating results during the three months ended June 30, 2016, ordinary profit amounted to ¥23.8 billion (progress rate to fiscal year ending March 31, 2017 Forecasts: 25.4%) and profit attributable to owners of parent amounted to ¥76.2 billion (rate above: 61.7%) •Profit attributable to owners of parent excluding gain on bargain purchase amounted to ¥15.9 billion (rate above: 25.0%), which was as planned. <The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined> •For the combined operating results of The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited, gross operating income decreased 5.2% from the same period of the previous year to ¥57.4 billion (rate above: 25.8%), due to the decrease in net interest income from domestic operations as a result of the decline in market interest rates after the introduction of negative interest rates and the decrease in net fees and commissions from domestic operations as a result of the decrease in sales of investment products. •Core net business profit decreased by 14.3% from the same period of the previous year to ¥26.1 billion (rate above:27.9%), due to the decrease in gross operating income and the increase in expenses. •Net income decreased by 17.3% from the same period of the previous year to ¥18.6 billion (rate above:30.2%), due to the decrease in core net business profit and gains or losses on stocks and other securities. •Although gross operating income, core net business profit and net income decreased from the same period of the previous year, progress rate to fiscal year ending March 31, 2017 Forecasts was over 25%, which exceeded the planned progress rate. |
Concordia Financial Group, Ltd. Consolidated | For the three months ended | (Unit: Billions of Yen) | |||||
June 30, 2016 (A) | (A)-(B) | June 30, 2015 (B) | <Reference> Progress rate to Fiscal year ending March 31, 2017 Forecasts | ||||
Ordinary profit | 23.8 | 25.4% | |||||
Profit attributable to owners of parent | 76.2 | 61.7% | |||||
Of which, excluding gain on bargain purchase | 15.9 | 25.0% |
Note : As Concordia Financial Group, Ltd. was established on April 1, 2016, figures for the three months ended June 30, 2015 are not provided.
The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | For the three months ended | (Unit: Billions of Yen) | ||||||||||||
<Reference> | ||||||||||||||
June 30, 2016 (A) | The Bank of Yokohama, Ltd. | The Higashi- Nippon Bank, Limited | (A)-(B) | The Bank of Yokohama, Ltd. | The Higashi- Nippon Bank, Limited | June 30, 2015 (B) | The Bank of Yokohama, Ltd. | The Higashi- Nippon Bank, Limited | Progress rate to Fiscal year ending March 31, 2017 Forecasts | |||||
Gross operating income | 57.4 | 49.3 | 8.1 | [(5.2%)] | (3.2) | (3.4) | 0.3 | 60.6 | 52.7 | 7.8 | 25.8% | |||
Of which, net interest income from domestic operations | 43.7 | 36.6 | 7.0 | (2.3) | (2.3) | 0.0 | 46.0 | 38.9 | 7.0 | |||||
Of which, net fees and commissions from domestic operations | 9.5 | 9.0 | 0.4 | (2.8) | (2.9) | 0.0 | 12.3 | 11.9 | 0.4 | |||||
Of which, net other ordinary income from domestic operations | 2.4 | 2.0 | 0.4 | 1.8 | 1.6 | 0.3 | 0.6 | 0.4 | 0.1 | |||||
Expenses | (-) | 31.3 | 25.3 | 5.9 | [3.9%] | 1.2 | 0.9 | 0.2 | 30.1 | 24.4 | 5.7 | 24.3% | ||
(Reference) OHR (%) | 54.5 | 51.3 | 73.7 | 4.8 | 5.0 | 1.4 | 49.7 | 46.3 | 72.3 | |||||
Core net business profit | 26.1 | 23.9 | 2.1 | [(14.3%)] | (4.3) | (4.3) | 0.0 | 30.4 | 28.2 | 2.1 | 27.9% | |||
Provision of allowance for general loan losses | (-) | 0.0 | (0.0) | 0.0 | 0.0 | 0.0 | 0.0 | (0.0) | (0.0) | (0.0) | ||||
Net business profit | 26.0 | 24.0 | 2.0 | (4.4) | (4.2) | (0.2) | 30.4 | 28.2 | 2.2 | |||||
Non-recurring gains (losses) | (0.5) | (0.3) | (0.2) | (3.0) | 0.7 | (3.7) | 2.5 | (1.0) | 3.5 | |||||
Of which, disposal of bad debts | (-) | (0.3) | (0.6) | 0.2 | (1.4) | (1.1) | (0.3) | 1.1 | 0.5 | 0.5 | ||||
Of which, gains or losses on stocks and other securities | 0.0 | (0.2) | 0.3 | (4.5) | (0.3) | (4.1) | 4.5 | 0.1 | 4.4 | |||||
Ordinary profit | 25.4 | 23.6 | 1.7 | [(23.0%)] | (7.6) | (3.6) | (4.1) | 33.0 | 27.2 | 5.8 | 28.3% | |||
Net income | 18.6 | 17.3 | 1.3 | [(17.3%)] | (4.0) | (1.6) | (2.3) | 22.6 | 18.9 | 3.6 | 30.2% | |||
Credit costs | (-) | (0.3) | (0.6) | 0.3 | (1.3) | (1.1) | (0.2) | 1.0 | 0.5 | 0.5 | - |
2. Loans and Deposits, etc. |
<Balance of loans> Outstanding balance of domestic loans increased by 2.6% from the end of same period of the previous year to ¥11,737.5 billion, mainly due to the increase in loans to small and medium-sized businesses, apartment loans and consumer loans. <Balance of deposits> Outstanding balance of deposits increased by 3.5% from the end of the same period of the previous year to ¥14,333.6 billion, mainly due to the increases in both deposits from individuals and corporates. |
The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined Loans
Domestic branches (excluding loans in offshore market account) | (Unit: Billions of Yen) | |||||||
As of June 30, 2016 (A) | (A)-(B) | As of June 30, 2015 (B) | As of March 31, 2016 | |||||
Loans <outstanding balance> | 11,737.5 | [2.6%] | 302.5 | 11,435.0 | 11,634.3 | |||
Of which, loans to small and medium-sized businesses, etc. | 9,530.5 | [2.8%] | 263.7 | 9,266.8 | 9,464.6 |
The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined Deposits
Domestic branches (excluding deposits in offshore market account) | (Unit: Billions of Yen) | |||||||
As of June 30, 2016 (A) | (A)-(B) | As of June 30, 2015 (B) | As of March 31, 2016 | |||||
Deposits <outstanding balance> | 14,333.6 | [3.5%] | 489.0 | 13,844.6 | 14,402.1 | |||
Of which, deposits from individuals | 10,476.7 | [1.4%] | 147.0 | 10,329.7 | 10,318.5 | |||
Of which, deposits from corporates | 3,157.0 | [5.4%] | 161.9 | 2,995.1 | 3,022.3 |
<Investment products for individuals> •Although the balance of insurance products increased, total balance of investment products for individuals decreased by 6.5% from the end of the same period of the previous year to ¥2,101.7 billion, mainly due to the decrease in the balance of investment trusts as a result of the decline of net asset value in accordance with the weakness in stock markets. |
Group Total (The Bank of Yokohama, Ltd., The Higashi-Nippon Bank, Limited and Hamagin Tokai Tokyo Securities Co., Ltd. Combined)
Investment products for individuals | (Unit: Billions of Yen) | ||||||||
As of June 30, 2016 (A) | (A)-(B) | As of June 30, 2015 (B) | As of March 31, 2016 | ||||||
Total balance of investment products for individuals (Group total) | 2,101.7 | [(6.5%)] | (147.5) | 2,249.2 | 2,177.1 | ||||
Total balance of investment products for individuals (The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined) | 1,798.4 | [(5.0%)] | (94.9) | 1,893.3 | 1,853.8 | ||||
Of which, investment trusts | 558.1 | (101.2) | 659.3 | 591.1 | |||||
Of which, insurance | 1,077.1 | 46.3 | 1,030.8 | 1,089.9 | |||||
Investment products for individuals at Hamagin Tokai Tokyo Securities Co., Ltd. | 303.2 | (52.7) | 355.9 | 323.3 | |||||
(Reference) Sales amount of investment trusts (The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined) | 50.9 | (54.7) | 105.6 | 283.3 | |||||
(Reference) Sales amount of insurance (The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined) | 27.1 | (10.7) | 37.8 | 205.9 |
II. Digest of Financial Results for the three months ended June 30, 2016
1. Profit and Loss
(1) Concordia Financial Group, Ltd. Consolidated
(Unit: Millions of Yen) | ||||||||
For the three months ended | For the year ended | |||||||
June 30, 2016 (A) | (A)-(B) | June 30, 2015(B) | March 31, 2016 (Reference) | |||||
1 | Consolidated gross operating income | 58,756 | ||||||
2 | Net interest income | 41,657 | ||||||
3 | Net fees and commissions | 12,549 | ||||||
4 | Net trading income | 520 | ||||||
5 | Net other ordinary income | 4,030 | ||||||
6 | General and administrative expenses | (-) | 33,620 | |||||
7 | Credit costs | (-) | (88) | |||||
8 | Written-off of loans | (-) | 614 | |||||
9 | Provision of allowance for specific loan losses | (-) | 267 | |||||
10 | Provision of allowance for general loan losses | (-) | 152 | |||||
11 | Reversal of allowance for loan losses | - | ||||||
12 | Recoveries of written-off claims | 1,290 | ||||||
13 | Other | (-) | 167 | |||||
14 | Gain or loss on stocks and other securities | (258) | ||||||
15 | Other | (1,133) | ||||||
16 | Ordinary profit | 23,833 | ||||||
17 | Extraordinary income (losses) | 60,149 | ||||||
18 | Of which, gain on bargain purchase | 60,346 | ||||||
19 | Profit before income taxes | 83,982 | ||||||
20 | Income taxes-current | (-) | 5,359 | |||||
21 | Income taxes-deferred | (-) | 1,980 | |||||
22 | Total income taxes | (-) | 7,339 | |||||
23 | Profit | 76,642 | ||||||
24 | Profit attributable to non-controlling interests | (-) | 361 | |||||
25 | Profit attributable to owners of parent | 76,281 |
Notes : 1. 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)
2. As Concordia Financial Group, Ltd. was established on April 1, 2016, figures for the three months ended June 30, 2015 and the fiscal year ended March 31, 2016 are not provided.
(Unit: Millions of Yen) | ||||||||
(Reference) | For the three months ended | For the year ended | ||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | March 31, 2016 (Reference) | |||||
26 | Consolidated net business profit | 25,785 |
Notes : 1. Consolidated net business profit = Non-consolidated core net business profit of The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited
+ Ordinary profit of other consolidated subsidiaries (excluding Credit costs) + “Ordinary profit of equity-method affiliates” * share of stockholders equity -internal trade (dividend, etc.)
2. As Concordia Financial Group, Ltd. was established on April 1, 2016, figures for the three months ended June 30, 2015 and the fiscal year ended March 31, 2016 are not provided.
(Number of Consolidated Companies) | (Unit: Number of Companies) | |||||||
As of June 30, 2016(A) | (A)-(B) | As of June 30, 2015(B) | As of March 31, 2016 | |||||
27 | Number of consolidated subsidiaries | 17 | ||||||
28 | Number of companies accounted for by the equity method | 0 |
Note : As Concordia Financial Group, Ltd. was established on April 1, 2016, figures for the three months ended June 30, 2015 and the fiscal year ended March 31, 2016 are not provided.
(2) The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined
(Unit: Millions of Yen) | |||||||||
For the three months ended | For the year ended | ||||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | March 31, 2016 (Reference) | ||||||
[( 5.2%)] | |||||||||
1 | Gross operating income | 57,427 | (3,179) | 60,606 | 233,938 | ||||
2 | (Excluding gains (losses) on bonds) | 65,451 | (4,430) | 69,881 | 268,733 | ||||
3 | Gross operating income from domestic operations | 55,847 | (3,284) | 59,131 | 229,136 | ||||
4 | (Excluding gains (losses) on bonds) | 64,738 | (3,710) | 68,448 | 264,412 | ||||
5 | Net interest income | 43,753 | (2,288) | 46,041 | 179,977 | ||||
6 | Net fees and commissions | 9,570 | (2,773) | 12,343 | 43,666 | ||||
7 | Net trading income | 60 | (19) | 79 | 249 | ||||
8 | Net other ordinary income | 2,463 | 1,796 | 667 | 5,241 | ||||
9 | (Of which, gains (losses) on bonds) | (8,890) | 426 | (9,316) | (35,276) | ||||
10 | Gross operating income from international operations | 1,579 | 104 | 1,475 | 4,802 | ||||
11 | (Excluding gains (losses) on bonds) | 713 | (720) | 1,433 | 4,321 | ||||
12 | Net interest income | 327 | (437) | 764 | 2,147 | ||||
13 | Net fees and commissions | 86 | (4) | 90 | 413 | ||||
14 | Net trading income | 7 | (281) | 288 | 285 | ||||
15 | Net other ordinary income | 1,158 | 828 | 330 | 1,955 | ||||
16 | (Of which, gains (losses) on bonds) | 866 | 824 | 42 | 480 | ||||
[3.9%] | |||||||||
17 | Expenses | (-) | 31,321 | 1,181 | 30,140 | 122,347 | |||
18 | Personnel | (-) | 14,318 | 131 | 14,187 | 58,013 | |||
19 | Facilities | (-) | 14,492 | 681 | 13,811 | 55,940 | |||
20 | Taxes | (-) | 2,510 | 370 | 2,140 | 8,393 | |||
21 | (Reference) OHR (%) (17÷1) | 54.5 | 4.8 | 49.7 | 52.2 | ||||
[( 14.3%)] | |||||||||
22 | Core net business profit | 26,105 | (4,361) | 30,466 | 111,590 | ||||
23 | (Excluding gains (losses) on bonds) | 34,129 | (5,611) | 39,740 | 146,386 | ||||
24 | Provision of allowance for general loan losses | (-) | 53 | 84 | (31) | - | |||
25 | Net business profit | 26,052 | (4,445) | 30,497 | 111,590 | ||||
26 | (Of which, gains (losses) on bonds) | (8,024) | 1,250 | (9,274) | (34,795) | ||||
27 | Non-recurring gains (losses) | (587) | (3,171) | 2,584 | 10,160 | ||||
28 | Disposal of bad debts | (-) | (358) | (1,463) | 1,105 | (3,861) | |||
29 | Written-off of loans | (-) | 2 | (200) | 202 | 1,038 | |||
30 | Provision of allowance for specific loan losses | (-) | 529 | (480) | 1,009 | - | |||
31 | Loss on sales of non-performing loans | (-) | 0 | 0 | 0 | 32 | |||
32 | Reversal of allowance for loan losses | - | - | - | 4,528 | ||||
33 | Recoveries of written-off claims | 1,058 | 737 | 321 | 940 | ||||
34 | Other | (-) | 167 | (47) | 214 | 536 | |||
35 | Gain or loss on stocks and other securities | 64 | (4,522) | 4,586 | 9,471 | ||||
36 | Gain on sales of stocks and other securities | 348 | (4,238) | 4,586 | 9,491 | ||||
37 | Loss on sales of stocks and other securities | (-) | 6 | 6 | - | - | |||
38 | Loss on devaluation of stocks and other securities | (-) | 278 | 278 | - | 20 | |||
39 | Other non-recurring gains (losses) | (1,010) | (114) | (896) | (3,172) | ||||
[( 23.0%)] | |||||||||
40 | Ordinary profit | 25,465 | (7,617) | 33,082 | 121,751 | ||||
41 | Extraordinary income (losses) | 249 | 348 | (99) | (3,074) | ||||
42 | Gain (loss) on disposal of non-current assets | (228) | (129) | (99) | (804) | ||||
43 | Gain on disposal of non-current assets | 15 | 15 | - | 8 | ||||
44 | Loss on disposal of non-current assets | (-) | 243 | 144 | 99 | 813 | |||
45 | Provision for loss on cancellation of system contracts | (-) | - | - | - | 2,270 | |||
46 | Gain on reversal of subscription rights to shares | 478 | 478 | - | - | ||||
47 | Income before income taxes | 25,715 | (7,267) | 32,982 | 118,676 | ||||
48 | Income taxes-current | (-) | 4,808 | (3,590) | 8,398 | 31,639 | |||
49 | Income taxes-deferred | (-) | 2,218 | 248 | 1,970 | 7,284 | |||
50 | Total income taxes | (-) | 7,026 | (3,342) | 10,368 | 38,923 | |||
[( 17.3%)] | |||||||||
51 | Net income | 18,688 | (3,925) | 22,613 | 79,752 | ||||
[ - ] | |||||||||
52 | Credit costs (24+28) | (-) | (305) | (1,379) | 1,074 | (3,861) |
(3) The Bank of Yokohama, Ltd. Non-consolidated
(Unit: Millions of Yen) | |||||||||
For the three months ended | For the year ended | ||||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | March 31, 2016 (Reference) | ||||||
[( 6.4%)] | |||||||||
1 | Gross operating income | 49,324 | (3,404) | 52,728 | 201,687 | ||||
2 | (Excluding gains (losses) on bonds) | 57,777 | (4,418) | 62,195 | 236,924 | ||||
3 | Gross operating income from domestic operations | 47,887 | (3,514) | 51,401 | 197,503 | ||||
4 | (Excluding gains (losses) on bonds) | 57,206 | (3,703) | 60,909 | 233,220 | ||||
5 | Net interest income | 36,692 | (2,252) | 38,944 | 150,788 | ||||
6 | Net fees and commissions | 9,089 | (2,812) | 11,901 | 41,653 | ||||
7 | Net trading income | 60 | (19) | 79 | 249 | ||||
8 | Net other ordinary income | 2,044 | 1,569 | 475 | 4,812 | ||||
9 | (Of which, gains (losses) on bonds) | (9,319) | 189 | (9,508) | (35,717) | ||||
10 | Gross operating income from international operations | 1,437 | 110 | 1,327 | 4,184 | ||||
11 | (Excluding gains (losses) on bonds) | 570 | (715) | 1,285 | 3,703 | ||||
12 | Net interest income | 233 | (423) | 656 | 1,731 | ||||
13 | Net fees and commissions | 71 | (9) | 80 | 367 | ||||
14 | Net trading income | 7 | (281) | 288 | 285 | ||||
15 | Net other ordinary income | 1,125 | 823 | 302 | 1,798 | ||||
16 | (Of which, gains (losses) on bonds) | 866 | 824 | 42 | 480 | ||||
[3.7%] | |||||||||
17 | Expenses | (-) | 25,349 | 910 | 24,439 | 99,406 | |||
18 | Personnel | (-) | 11,129 | 105 | 11,024 | 45,257 | |||
19 | Facilities | (-) | 12,102 | 473 | 11,629 | 47,094 | |||
20 | Taxes | (-) | 2,117 | 332 | 1,785 | 7,054 | |||
21 | (Reference) OHR (%) (17÷1) | 51.3 | 5.0 | 46.3 | 49.2 | ||||
[( 15.2%)] | |||||||||
22 | Core net business profit | 23,974 | (4,315) | 28,289 | 102,281 | ||||
23 | (Excluding gains (losses) on bonds) | 32,428 | (5,328) | 37,756 | 137,517 | ||||
24 | Provision of allowance for general loan losses | (-) | (25) | (25) | (0) | - | |||
25 | Net business profit | 24,000 | (4,290) | 28,290 | 102,281 | ||||
26 | (Of which, gains (losses) on bonds) | (8,453) | 1,013 | (9,466) | (35,236) | ||||
27 | Non-recurring gains (losses) | (318) | 694 | (1,012) | 6,152 | ||||
28 | Disposal of bad debts | (-) | (600) | (1,125) | 525 | (3,917) | |||
29 | Written-off of loans | (-) | 2 | (200) | 202 | 1,008 | |||
30 | Provision of allowance for specific loan losses | (-) | 374 | (140) | 514 | - | |||
31 | Loss on sales of non-performing loans | (-) | 0 | 0 | 0 | 28 | |||
32 | Reversal of allowance for loan losses | - | - | - | 4,264 | ||||
33 | Recoveries of written-off claims | 1,052 | 731 | 321 | 940 | ||||
34 | Other | (-) | 75 | (55) | 130 | 251 | |||
35 | Gain or loss on stocks and other securities | (239) | (418) | 179 | 4,784 | ||||
36 | Gain on sales of stocks and other securities | 44 | (135) | 179 | 4,805 | ||||
37 | Loss on sales of stocks and other securities | (-) | 6 | 6 | - | - | |||
38 | Loss on devaluation of stocks and other securities | (-) | 278 | 278 | - | 20 | |||
39 | Other non-recurring gains (losses) | (679) | (14) | (665) | (2,549) | ||||
[( 13.1%)] | |||||||||
40 | Ordinary profit | 23,682 | (3,595) | 27,277 | 108,433 | ||||
41 | Extraordinary income (losses) | 43 | 139 | (96) | (697) | ||||
42 | Gain (loss) on disposal of non-current assets | (223) | (127) | (96) | (697) | ||||
43 | Gain on disposal of non-current assets | 15 | 15 | - | 8 | ||||
44 | Loss on disposal of non-current assets | (-) | 238 | 142 | 96 | 706 | |||
45 | Provision for loss on cancellation of system contracts | (-) | - | - | - | - | |||
46 | Gain on reversal of subscription rights to shares | 267 | 267 | - | - | ||||
47 | Income before income taxes | 23,725 | (3,456) | 27,181 | 107,736 | ||||
48 | Income taxes-current | (-) | 4,457 | (2,323) | 6,780 | 27,746 | |||
49 | Income taxes-deferred | (-) | 1,928 | 476 | 1,452 | 7,155 | |||
50 | Total income taxes | (-) | 6,385 | (1,848) | 8,233 | 34,901 | |||
[( 8.4%)] | |||||||||
51 | Net income | 17,339 | (1,609) | 18,948 | 72,834 | ||||
[ - ] | |||||||||
52 | Credit costs (24+28) | (-) | (626) | (1,151) | 525 | (3,917) |
(4) The Higashi-Nippon Bank, Limited Non-consolidated
(Unit: Millions of Yen) | |||||||||
For the three months ended | For the year ended | ||||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | March 31, 2016 (Reference) | ||||||
[2.8%] | |||||||||
1 | Gross operating income | 8,103 | 226 | 7,877 | 32,250 | ||||
2 | (Excluding gains (losses) on bonds) | 7,674 | (11) | 7,685 | 31,809 | ||||
3 | Gross operating income from domestic operations | 7,960 | 230 | 7,730 | 31,632 | ||||
4 | (Excluding gains (losses) on bonds) | 7,531 | (7) | 7,538 | 31,191 | ||||
5 | Net interest income | 7,061 | (36) | 7,097 | 29,189 | ||||
6 | Net fees and commissions | 480 | 39 | 441 | 2,013 | ||||
7 | Net trading income | - | - | - | - | ||||
8 | Net other ordinary income | 418 | 226 | 192 | 429 | ||||
9 | (Of which, gains (losses) on bonds) | 428 | 236 | 192 | 440 | ||||
10 | Gross operating income from international operations | 142 | (5) | 147 | 618 | ||||
11 | (Excluding gains (losses) on bonds) | 142 | (5) | 147 | 618 | ||||
12 | Net interest income | 94 | (14) | 108 | 416 | ||||
13 | Net fees and commissions | 15 | 5 | 10 | 45 | ||||
14 | Net trading income | - | - | - | - | ||||
15 | Net other ordinary income | 32 | 4 | 28 | 156 | ||||
16 | (Of which, gains (losses) on bonds) | - | - | - | - | ||||
[4.7%] | |||||||||
17 | Expenses | (-) | 5,972 | 271 | 5,701 | 22,941 | |||
18 | Personnel | (-) | 3,189 | 26 | 3,163 | 12,755 | |||
19 | Facilities | (-) | 2,390 | 209 | 2,181 | 8,846 | |||
20 | Taxes | (-) | 392 | 37 | 355 | 1,339 | |||
21 | (Reference) OHR (%) (17÷1) | 73.7 | 1.4 | 72.3 | 71.1 | ||||
[( 2.1%)] | |||||||||
22 | Core net business profit | 2,130 | (46) | 2,176 | 9,309 | ||||
23 | (Excluding gains (losses) on bonds) | 1,701 | (283) | 1,984 | 8,868 | ||||
24 | Provision of allowance for general loan losses | (-) | 79 | 109 | (30) | - | |||
25 | Net business profit | 2,051 | (156) | 2,207 | 9,309 | ||||
26 | (Of which, gains (losses) on bonds) | 428 | 236 | 192 | 440 | ||||
27 | Non-recurring gains (losses) | (268) | (3,864) | 3,596 | 4,007 | ||||
28 | Disposal of bad debts | (-) | 241 | (338) | 579 | 55 | |||
29 | Written-off of loans | (-) | - | - | - | 30 | |||
30 | Provision of allowance for specific loan losses | (-) | 155 | (339) | 494 | - | |||
31 | Loss on sales of non-performing loans | (-) | - | - | - | 4 | |||
32 | Reversal of allowance for loan losses | - | - | - | 263 | ||||
33 | Recoveries of written-off claims | 6 | 6 | 0 | 0 | ||||
34 | Other | (-) | 92 | 8 | 84 | 284 | |||
35 | Gain or loss on stocks and other securities | 303 | (4,103) | 4,406 | 4,686 | ||||
36 | Gain on sales of stocks and other securities | 303 | (4,103) | 4,406 | 4,686 | ||||
37 | Loss on sales of stocks and other securities | (-) | - | - | - | - | |||
38 | Loss on devaluation of stocks and other securities | (-) | - | - | - | - | |||
39 | Other non-recurring gains (losses) | (330) | (100) | (230) | (622) | ||||
[( 69.2%)] | |||||||||
40 | Ordinary profit | 1,782 | (4,022) | 5,804 | 13,317 | ||||
41 | Extraordinary income (losses) | 206 | 209 | (3) | (2,377) | ||||
42 | Gain (loss) on disposal of non-current assets | (4) | (1) | (3) | (107) | ||||
43 | Gain on disposal of non-current assets | - | - | - | - | ||||
44 | Loss on disposal of non-current assets | (-) | 4 | 1 | 3 | 107 | |||
45 | Provision for loss on cancellation of system contracts | (-) | - | - | - | 2,270 | |||
46 | Gain on reversal of subscription rights to shares | 211 | 211 | - | - | ||||
47 | Income before income taxes | 1,989 | (3,811) | 5,800 | 10,939 | ||||
48 | Income taxes-current | (-) | 350 | (1,267) | 1,617 | 3,892 | |||
49 | Income taxes-deferred | (-) | 290 | (228) | 518 | 129 | |||
50 | Total income taxes | (-) | 641 | (1,494) | 2,135 | 4,022 | |||
[( 63.2%)] | |||||||||
51 | Net income | 1,348 | (2,317) | 3,665 | 6,917 | ||||
[( 41.5%)] | |||||||||
52 | Credit costs (24+28) | (-) | 320 | (228) | 548 | 55 |
2. Average Balance of Use and Source of Funds (Domestics)
(Unit: Billions of Yen) | ||||||||
For the three months ended | For the year ended | |||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | (Reference) March 31, 2016 | |||||
1 | The Bank of Yokohama, Ltd. | Interest-earning assets | 14,556.4 | 314.2 | 14,242.2 | 14,280.2 | ||
2 | and The Higashi- | Of which, Loans and bills discounted | 11,459.5 | 272.3 | 11,187.2 | 11,284.9 | ||
3 | Nippon | Of which, Securities | 2,737.2 | 121.9 | 2,615.3 | 2,594.4 | ||
4 | Bank, Limited | Interest-bearing liabilities | 15,927.1 | 675.9 | 15,251.2 | 15,475.1 | ||
5 | Combined | Of which, Deposits | 14,086.3 | 493.2 | 13,593.1 | 13,657.4 | ||
6 | Interest-earning assets | 12,491.8 | 225.8 | 12,266.0 | 12,265.2 | |||
7 | The Bank of | Of which, Loans and bills discounted | 9,861.1 | 192.6 | 9,668.5 | 9,734.1 | ||
8 | Yokohama, Ltd. | Of which, Securities | 2,361.1 | 86.2 | 2,274.9 | 2,238.3 | ||
9 | Non-consolidated | Interest-bearing liabilities | 13,925.9 | 567.5 | 13,358.4 | 13,546.5 | ||
10 | Of which, Deposits | 12,291.5 | 483.8 | 11,807.7 | 11,854.3 | |||
11 | Interest-earning assets | 2,064.5 | 88.3 | 1,976.2 | 2,014.9 | |||
12 | The Higashi-Nippon Bank, | Of which, Loans and bills discounted | 1,598.3 | 79.6 | 1,518.7 | 1,550.7 | ||
13 | Limited | Of which, Securities | 376.1 | 35.7 | 340.4 | 356.0 | ||
14 | Non-consolidated | Interest-bearing liabilities | 2,001.2 | 108.5 | 1,892.7 | 1,928.5 | ||
15 | Of which, Deposits | 1,794.8 | 9.5 | 1,785.3 | 1,803.1 |
3. Interest Margins (Domestics)
(Unit: %) | |||||||||
For the three months ended | For the year ended | ||||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | (Reference) March 31, 2016 | ||||||
16 | Yield on interest-earning assets | (A) | 1.23 | (0.11) | 1.34 | 1.30 | |||
17 | Loans and bills discounted | (B) | 1.27 | (0.11) | 1.38 | 1.35 | |||
18 | The Bank of | Securities | 1.09 | (0.19) | 1.28 | 1.14 | |||
19 | Yokohama, Ltd. | Yield on interest-bearing liabilities | 0.02 | (0.02) | 0.04 | 0.04 | |||
20 | and The | Deposits | (C) | 0.02 | (0.01) | 0.03 | 0.03 | ||
21 | Higashi-Nippon | Expenses ratio | 0.84 | (0.01) | 0.85 | 0.85 | |||
22 | Bank, Limited | Total funding cost | (D) | 0.79 | (0.02) | 0.81 | 0.81 | ||
23 | Combined | Yield spread | (B) - (C) | 1.25 | (0.10) | 1.35 | 1.32 | ||
24 | Interest margin between loans and deposits | 0.41 | (0.08) | 0.49 | 0.46 | ||||
25 | Net interest margin | (A) - (D) | 0.44 | (0.09) | 0.53 | 0.49 | |||
26 | Yield on interest-earning assets | (A) | 1.20 | (0.11) | 1.31 | 1.27 | |||
27 | Loans and bills discounted | (B) | 1.20 | (0.11) | 1.31 | 1.28 | |||
28 | Securities | 1.15 | (0.22) | 1.37 | 1.18 | ||||
29 | The Bank of | Yield on interest-bearing liabilities | 0.01 | (0.03) | 0.04 | 0.03 | |||
30 | Yokohama, Ltd. | Deposits | (C) | 0.01 | (0.02) | 0.03 | 0.03 | ||
31 | Non-consolidated | Expenses ratio | 0.77 | (0.02) | 0.79 | 0.79 | |||
32 | Total funding cost | (D) | 0.72 | (0.03) | 0.75 | 0.74 | |||
33 | Yield spread | (B) - (C) | 1.19 | (0.09) | 1.28 | 1.25 | |||
34 | Interest margin between loans and deposits | 0.41 | (0.08) | 0.49 | 0.46 | ||||
35 | Net interest margin | (A) - (D) | 0.48 | (0.08) | 0.56 | 0.53 | |||
36 | Yield on interest-earning assets | (A) | 1.43 | (0.09) | 1.52 | 1.53 | |||
37 | Loans and bills discounted | (B) | 1.68 | (0.13) | 1.81 | 1.77 | |||
38 | The Higashi- | Securities | 0.72 | (0.02) | 0.74 | 0.90 | |||
39 | Nippon | Yield on interest-bearing liabilities | 0.07 | (0.02) | 0.09 | 0.08 | |||
40 | Bank, | Deposits | (C) | 0.04 | (0.02) | 0.06 | 0.06 | ||
41 | Limited | Expenses ratio | 1.25 | 0.01 | 1.24 | 1.23 | |||
42 | Non-consolidated | Total funding cost | (D) | 1.25 | (0.03) | 1.28 | 1.26 | ||
43 | Yield spread | (B) - (C) | 1.64 | (0.11) | 1.75 | 1.71 | |||
44 | Interest margin between loans and deposits | 0.38 | (0.13) | 0.51 | 0.48 | ||||
45 | Net interest margin | (A) - (D) | 0.18 | (0.06) | 0.24 | 0.27 |
4. Gains or Losses on Investment Securities
(1) Gains or Losses on Bonds | (Unit: Millions of Yen) | ||||||||
For the three months ended | For the year ended | ||||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | (Reference) March 31, 2016 | ||||||
1 | Gains (losses) on bonds | (8,024) | 1,250 | (9,274) | (34,795) | ||||
2 | The Bank of | Gain on sales | 2,882 | 1,913 | 969 | 4,417 | |||
3 | Yokohama, Ltd. and | Gain on redemption | - | - | - | - | |||
4 | The Higashi-Nippon | Loss on sales | (-) | 10,846 | 867 | 9,979 | 37,961 | ||
5 | Bank, Limited Combined | Loss on redemption | (-) | 59 | (148) | 207 | 1,139 | ||
6 | Loss on devaluation | (-) | - | (56) | 56 | 111 | |||
7 | Gains (losses) on bonds | (8,453) | 1,013 | (9,466) | (35,236) | ||||
8 | The Bank of | Gain on sales | 2,453 | 1,677 | 776 | 3,976 | |||
9 | Yokohama, Ltd. | Gain on redemption | - | - | - | - | |||
10 | Non-consolidated | Loss on sales | (-) | 10,846 | 867 | 9,979 | 37,961 | ||
11 | Loss on redemption | (-) | 59 | (148) | 207 | 1,139 | |||
12 | Loss on devaluation | (-) | - | (56) | 56 | 111 | |||
13 | Gains (losses) on bonds | 428 | 236 | 192 | 440 | ||||
14 | The Higashi-Nippon | Gain on sales | 428 | 236 | 192 | 440 | |||
15 | Bank, Limited | Gain on redemption | - | - | - | - | |||
16 | Non-consolidated | Loss on sales | (-) | - | - | - | - | ||
17 | Loss on redemption | (-) | - | - | - | - | |||
18 | Loss on devaluation | (-) | - | - | - | - | |||
(Reference) Gains (losses) on bonds derivatives | (Unit: Millions of Yen) | ||||||||
For the three months ended | For the year ended | ||||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | (Reference) March 31, 2016 | ||||||
19 | The Bank of Yokohama, Ltd. and The Higashi-Nippon | Gains (losses) on bonds derivatives | 10,604 | 1,073 | 9,531 | 36,088 | |||
20 | Bank, Limited Combined | Gains (losses) on bonds + Gains (losses) on bonds derivatives | 2,579 | 2,323 | 256 | 1,293 | |||
(2) Gains or Losses on stocks and other securities | (Unit: Millions of Yen) | ||||||||
For the three months ended | For the year ended | ||||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | (Reference) March 31, 2016 | ||||||
21 | The Bank of Yokohama, Ltd. | Gains (losses) on stocks and other securities | 64 | (4,522) | 4,586 | 9,471 | |||
22 | and The Higashi-Nippon | Gain on sales | 348 | (4,238) | 4,586 | 9,491 | |||
23 | Bank, Limited | Loss on sales | (-) | 6 | 6 | - | - | ||
24 | Combined | Loss on devaluation | (-) | 278 | 278 | - | 20 | ||
25 | Gains (losses) on stocks and other securities | (239) | (418) | 179 | 4,784 | ||||
26 | The Bank of Yokohama, Ltd. | Gain on sales | 44 | (135) | 179 | 4,805 | |||
27 | Non-consolidated | Loss on sales | (-) | 6 | 6 | - | - | ||
28 | Loss on devaluation | (-) | 278 | 278 | - | 20 | |||
29 | Gains (losses) on stocks and other securities | 303 | (4,103) | 4,406 | 4,686 | ||||
30 | The Higashi-Nippon Bank, Limited | Gain on sales | 303 | (4,103) | 4,406 | 4,686 | |||
31 | Non-consolidated | Loss on sales | (-) | - | - | - | - | ||
32 | Loss on devaluation | (-) | - | - | - | - |
5. Net Unrealized Gains (Losses) on Securities
(1) Concordia Financial Group, Ltd. Consolidated | (Unit: Millions of Yen) | |||||||||||
As of June 30, 2016 | As of March 31, 2016 | |||||||||||
Book Value | Net(A) | (A)-(B) | Unrealized gains | Unrealized losses | Book Value | Net(B) | Unrealized gains | Unrealized losses | ||||
1 | Held-to-maturity | 200,913 | 11,435 | 11,435 | - | |||||||
2 | Available-for-sale | 2,611,524 | 85,014 | 114,883 | 29,869 | |||||||
3 | Equity securities | 193,462 | 81,249 | 84,315 | 3,066 | |||||||
4 | Debt securities | 1,576,810 | 12,733 | 12,999 | 266 | |||||||
5 | Other securities | 841,251 | (8,967) | 17,567 | 26,535 | |||||||
6 | Total | 2,812,437 | 96,449 | 126,318 | 29,869 | |||||||
7 | Equity securities | 193,462 | 81,249 | 84,315 | 3,066 | |||||||
8 | Debt securities | 1,777,723 | 24,168 | 24,435 | 266 | |||||||
9 | Other securities | 841,251 | (8,967) | 17,567 | 26,535 |
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”. |
3. | As Concordia Financial Group, Ltd. was established on April 1, 2016, figures as of March 31, 2016 are not provided. |
(2) The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | (Unit: Millions of Yen) | |||||||||||
As of June 30, 2016 | As of March 31, 2016 | |||||||||||
Book Value | Net(A) | (A)-(B) | Unrealized gains | Unrealized losses | Book Value | Net(B) | Unrealized gains | Unrealized losses | ||||
10 | Held-to-maturity | 199,713 | 11,423 | 154 | 11,423 | - | 199,715 | 11,269 | 11,269 | - | ||
11 | Available-for-sale | 2,604,129 | 86,826 | (35,074) | 119,456 | 32,630 | 2,672,151 | 121,900 | 142,393 | 20,492 | ||
12 | Equity securities | 186,069 | 81,133 | (21,147) | 83,783 | 2,649 | 208,094 | 102,280 | 104,273 | 1,993 | ||
13 | Debt securities | 1,576,808 | 14,469 | 2,599 | 14,889 | 420 | 1,582,482 | 11,870 | 12,960 | 1,090 | ||
14 | Other securities | 841,251 | (8,777) | (16,527) | 20,782 | 29,559 | 881,574 | 7,750 | 25,158 | 17,408 | ||
15 | Total | 2,803,842 | 98,250 | (34,919) | 130,880 | 32,630 | 2,871,867 | 133,169 | 153,662 | 20,492 | ||
16 | Equity securities | 186,069 | 81,133 | (21,147) | 83,783 | 2,649 | 208,094 | 102,280 | 104,273 | 1,993 | ||
17 | Debt securities | 1,776,521 | 25,893 | 2,754 | 26,313 | 420 | 1,782,198 | 23,139 | 24,229 | 1,090 | ||
18 | Other securities | 841,251 | (8,777) | (16,527) | 20,782 | 29,559 | 881,574 | 7,750 | 25,158 | 17,408 |
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”. |
(3) The Bank of Yokohama, Ltd. Non-consolidated | (Unit: Millions of Yen) | |||||||||||
As of June 30, 2016 | As of March 31, 2016 | |||||||||||
Book Value | Net(A) | (A)-(B) | Unrealized gains | Unrealized losses | Book Value | Net(B) | Unrealized gains | Unrealized losses | ||||
19 | Held-to-maturity | 199,713 | 11,423 | 154 | 11,423 | - | 199,715 | 11,269 | 11,269 | - | ||
20 | Available-for-sale | 2,179,192 | 85,299 | (31,066) | 110,702 | 25,403 | 2,227,939 | 116,365 | 132,072 | 15,707 | ||
21 | Equity securities | 175,772 | 79,426 | (20,193) | 81,443 | 2,017 | 196,823 | 99,619 | 101,373 | 1,753 | ||
22 | Debt securities | 1,280,668 | 11,710 | 1,812 | 11,975 | 265 | 1,277,531 | 9,898 | 10,420 | 521 | ||
23 | Other securities | 722,751 | (5,837) | (12,683) | 17,283 | 23,120 | 753,584 | 6,846 | 20,279 | 13,432 | ||
24 | Total | 2,378,906 | 96,722 | (30,912) | 122,126 | 25,403 | 2,427,655 | 127,634 | 143,341 | 15,707 | ||
25 | Equity securities | 175,772 | 79,426 | (20,193) | 81,443 | 2,017 | 196,823 | 99,619 | 101,373 | 1,753 | ||
26 | Debt securities | 1,480,381 | 23,133 | 1,966 | 23,399 | 265 | 1,477,247 | 21,167 | 21,689 | 521 | ||
27 | Other securities | 722,751 | (5,837) | (12,683) | 17,283 | 23,120 | 753,584 | 6,846 | 20,279 | 13,432 |
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”. |
(4) The Higashi-Nippon Bank, Limited Non-consolidated | (Unit: Millions of Yen) | |||||||||||
As of June 30, 2016 | As of March 31, 2016 | |||||||||||
Book Value | Net(A) | (A)-(B) | Unrealized gains | Unrealized losses | Book Value | Net(B) | Unrealized gains | Unrealized losses | ||||
28 | Held-to-maturity | - | - | - | - | - | - | - | - | - | ||
29 | Available-for-sale | 424,936 | 1,527 | (4,008) | 8,753 | 7,226 | 444,211 | 5,535 | 10,321 | 4,785 | ||
30 | Equity securities | 10,296 | 1,707 | (953) | 2,339 | 632 | 11,270 | 2,660 | 2,900 | 239 | ||
31 | Debt securities | 296,140 | 2,759 | 788 | 2,914 | 155 | 304,950 | 1,971 | 2,540 | 569 | ||
32 | Other securities | 118,500 | (2,939) | (3,842) | 3,499 | 6,439 | 127,990 | 903 | 4,879 | 3,976 | ||
33 | Total | 424,936 | 1,527 | (4,008) | 8,753 | 7,226 | 444,211 | 5,535 | 10,321 | 4,785 | ||
34 | Equity securities | 10,296 | 1,707 | (953) | 2,339 | 632 | 11,270 | 2,660 | 2,900 | 239 | ||
35 | Debt securities | 296,140 | 2,759 | 788 | 2,914 | 155 | 304,950 | 1,971 | 2,540 | 569 | ||
36 | Other securities | 118,500 | (2,939) | (3,842) | 3,499 | 6,439 | 127,990 | 903 | 4,879 | 3,976 |
Note: | “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”. |
6. Claims Disclosed under the Financial Revitalization Law | ||||||
(1) Concordia Financial Group, Ltd. Consolidated | (Unit: Millions of Yen) | |||||
As of June 30, 2016 (A) | (A)-(B) | As of March 31, 2016 (B) | ||||
1 | Unrecoverable or valueless claims | 57,706 | ||||
2 | Doubtful claims | 137,280 | ||||
3 | Claims in need of special caution | 23,955 | ||||
4 | Sub-total (Claims in need of special caution or below) | A | 218,942 | |||
5 | Claims in need of caution (excluding claims in need of special caution) | 1,119,661 | ||||
6 | Claims to normal borrowers (excluding claims in need of caution) | 10,598,195 | ||||
7 | Sub-total (Normal claims) | 11,717,856 | ||||
8 | Total (Credit exposures) | B | 11,936,798 | |||
9 | Claims in need of special caution based on borrowers classification under the self-assessment guideline | 26,931 | ||||
10 | Non-performing loans ratio (Percentage of claims in need of special caution or below) (%) | A / B | 1.8 | |||
Note: As Concordia Financial Group, Ltd. was established on April 1, 2016, figures as of March 31, 2016 are not provided. |
(2) The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | (Unit: Millions of Yen) | |||||
As of June 30, 2016 (A) | (A)-(B) | As of March 31, 2016 (B) | ||||
11 | Unrecoverable or valueless claims | 57,690 | (1,791) | 59,481 | ||
12 | Doubtful claims | 137,514 | 1,430 | 136,084 | ||
13 | Claims in need of special caution | 23,966 | 1,439 | 22,527 | ||
14 | Sub-total (Claims in need of special caution or below) | A | 219,170 | 1,076 | 218,094 | |
15 | Claims in need of caution (excluding claims in need of special caution) | 1,116,436 | (24,237) | 1,140,673 | ||
16 | Claims to normal borrowers (excluding claims in need of caution) | 10,552,596 | 125,339 | 10,427,257 | ||
17 | Sub-total (Normal claims) | 11,669,032 | 101,101 | 11,567,931 | ||
18 | Total (Credit exposures) | B | 11,888,203 | 102,178 | 11,786,025 | |
19 | Claims in need of special caution based on borrowers classification under the self-assessment guideline | 26,444 | 2,106 | 24,338 | ||
20 | Non-performing loans ratio (Percentage of claims in need of special caution or below) (%) | A / B | 1.8 | 0.0 | 1.8 |
(3) The Bank of Yokohama, Ltd. Non-Consolidated | (Unit: Millions of Yen) | |||||
As of June 30, 2016 (A) | (A)-(B) | As of March 31, 2016 (B) | ||||
21 | Unrecoverable or valueless claims | 53,267 | (1,754) | 55,021 | ||
22 | Doubtful claims | 125,740 | 1,542 | 124,198 | ||
23 | Claims in need of special caution | 16,493 | 1,151 | 15,342 | ||
24 | Sub-total (Claims in need of special caution or below) | A | 195,502 | 940 | 194,562 | |
25 | Claims in need of caution (excluding claims in need of special caution) | 945,783 | (25,249) | 971,032 | ||
26 | Claims to normal borrowers (excluding claims in need of caution) | 9,077,316 | 101,686 | 8,975,630 | ||
27 | Sub-total (Normal claims) | 10,023,099 | 76,437 | 9,946,662 | ||
28 | Total (Credit exposures) | B | 10,218,601 | 77,377 | 10,141,224 | |
29 | Claims in need of special caution based on borrowers classification under the self-assessment guideline | 18,188 | 1,697 | 16,491 | ||
30 | Non-performing loans ratio (Percentage of claims in need of special caution or below) (%) | A / B | 1.9 | 0.0 | 1.9 |
(4) The Higashi-Nippon Bank, Limited Non-Consolidated | (Unit: Millions of Yen) | |||||
As of June 30, 2016 (A) | (A)-(B) | As of March 31, 2016 (B) | ||||
31 | Unrecoverable or valueless claims | 4,422 | (38) | 4,460 | ||
32 | Doubtful claims | 11,774 | (112) | 11,886 | ||
33 | Claims in need of special caution | 7,472 | 287 | 7,185 | ||
34 | Sub-total (Claims in need of special caution or below) | A | 23,668 | 137 | 23,531 | |
35 | Claims in need of caution (excluding claims in need of special caution) | 170,652 | 1,011 | 169,641 | ||
36 | Claims to normal borrowers (excluding claims in need of caution) | 1,475,279 | 23,652 | 1,451,627 | ||
37 | Sub-total (Normal claims) | 1,645,932 | 24,663 | 1,621,269 | ||
38 | Total (Credit exposures) | B | 1,669,601 | 24,800 | 1,644,801 | |
39 | Claims in need of special caution based on borrowers classification under the self-assessment guideline | 8,256 | 409 | 7,847 | ||
40 | Non-performing loans ratio (Percentage of claims in need of special caution or below) (%) | A / B | 1.4 | 0.0 | 1.4 | |
Note: The Higashi-Nippon Bank, Limited does not apply partial direct written-off. The above figures are presented if The Higashi-Nippon Bank, Limited had applied the partial direct written-off. |
7. Loans Information
(1) Balances of Loans (All branches)
(Unit: Billions of Yen) | |||||||
For the three months ended | For the year ended | ||||||
June 30, 2016(A) | (A)-(B) | June 30, 2015(B) | (Reference) March 31, 2016 | ||||
1 | (Outstanding balance) The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | 11,754.4 | 303.9 | 11,450.5 | 11,651.5 | ||
2 | The Bank of Yokohama, Ltd. Non-Consolidated | 10,083.8 | 218.2 | 9,865.6 | 10,005.4 | ||
3 | The Higashi-Nippon Bank, Limited Non-Consolidated | 1,670.5 | 85.6 | 1,584.9 | 1,646.0 | ||
4 | (Average balance) The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | 11,627.7 | 286.4 | 11,341.3 | 11,452.1 | ||
5 | The Bank of Yokohama, Ltd. Non-Consolidated | 10,010.1 | 203.6 | 9,806.5 | 9,883.8 | ||
6 | The Higashi-Nippon Bank, Limited Non-Consolidated | 1,617.6 | 82.8 | 1,534.8 | 1,568.3 |
(2) Breakdown of Loans (outstanding balance) and Ratio of loans to small and medium-sized businesses, etc.
Domestic branches (excluding loans in offshore market account)
① The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | (Unit: Billions of Yen) | |||||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | ||||||||
7 | Total | A | 11,737.5 | 302.5 | 103.2 | 11,435.0 | 11,634.3 | |||||
8 | Loans to large and medium-sized businesses | 1,747.3 | 18.8 | 26.8 | 1,728.5 | 1,720.5 | ||||||
9 | Loans to small and medium-sized businesses, etc. | B | 9,530.5 | 263.7 | 65.9 | 9,266.8 | 9,464.6 | |||||
10 | Loans to small and medium-sized businesses | 4,230.8 | 253.4 | 64.5 | 3,977.4 | 4,166.3 | ||||||
11 | Loans to individuals | 5,299.6 | 10.3 | 1.4 | 5,289.3 | 5,298.2 | ||||||
12 | Residential loans | 4,903.6 | (7.9) | 1.3 | 4,911.5 | 4,902.3 | ||||||
13 | Housing loans | 3,249.0 | (55.9) | (16.1) | 3,304.9 | 3,265.1 | ||||||
14 | Apartment loans | 1,654.5 | 47.9 | 17.4 | 1,606.6 | 1,637.1 | ||||||
15 | Other individual loans | 395.9 | 18.1 | 0.1 | 377.8 | 395.8 | ||||||
16 | Public sectors | 459.6 | 20.0 | 10.5 | 439.6 | 449.1 | ||||||
17 | Ratio of loans to small and medium-sized businesses, etc. (%) | B / A | 81.1 | 0.1 | (0.2) | 81.0 | 81.3 |
② The Bank of Yokohama, Ltd. Non-Consolidated | (Unit: Billions of Yen) | |||||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | ||||||||
18 | Total | A | 10,066.9 | 216.8 | 78.7 | 9,850.1 | 9,988.2 | |||||
19 | Loans to large and medium-sized businesses | 1,549.5 | 17.9 | 24.7 | 1,531.6 | 1,524.8 | ||||||
20 | Loans to small and medium-sized businesses, etc. | B | 8,094.6 | 175.8 | 42.7 | 7,918.8 | 8,051.9 | |||||
21 | Loans to small and medium-sized businesses | 3,199.4 | 148.2 | 37.0 | 3,051.2 | 3,162.4 | ||||||
22 | Loans to individuals | 4,895.2 | 27.6 | 5.8 | 4,867.6 | 4,889.4 | ||||||
23 | Residential loans | 4,519.7 | 12.0 | 6.6 | 4,507.7 | 4,513.1 | ||||||
24 | Housing loans | 3,044.0 | (34.1) | (9.9) | 3,078.1 | 3,053.9 | ||||||
25 | Apartment loans | 1,475.7 | 46.1 | 16.6 | 1,429.6 | 1,459.1 | ||||||
26 | Other individual loans | 375.4 | 15.6 | (0.9) | 359.8 | 376.3 | ||||||
27 | Public sectors | 422.7 | 23.1 | 11.3 | 399.6 | 411.4 | ||||||
28 | Ratio of loans to small and medium-sized businesses, etc. (%) | B/A | 80.4 | 0.1 | (0.2) | 80.3 | 80.6 |
③ The Higashi-Nippon Bank, Limited Non-Consolidated | (Unit: Billions of Yen) | |||||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | ||||||||
29 | Total | A | 1,670.5 | 85.6 | 24.5 | 1,584.9 | 1,646.0 | |||||
30 | Loans to large and medium-sized businesses | 197.8 | 1.0 | 2.2 | 196.8 | 195.6 | ||||||
31 | Loans to small and medium-sized businesses, etc. | B | 1,435.8 | 87.8 | 23.2 | 1,348.0 | 1,412.6 | |||||
32 | Loans to small and medium-sized businesses | 1,031.4 | 105.2 | 27.5 | 926.2 | 1,003.9 | ||||||
33 | Loans to individuals | 404.4 | (17.3) | (4.3) | 421.7 | 408.7 | ||||||
34 | Residential loans | 383.8 | (19.9) | (5.4) | 403.7 | 389.2 | ||||||
35 | Housing loans | 205.0 | (21.8) | (6.2) | 226.8 | 211.2 | ||||||
36 | Apartment loans | 178.8 | 1.9 | 0.8 | 176.9 | 178.0 | ||||||
37 | Other individual loans | 20.5 | 2.5 | 1.1 | 18.0 | 19.4 | ||||||
38 | Public sectors | 36.8 | (3.2) | (0.8) | 40.0 | 37.6 | ||||||
39 | Ratio of loans to small and medium-sized businesses, etc. (%) | B / A | 85.9 | 0.9 | 0.1 | 85.0 | 85.8 |
8. Deposits Information
(1) Balances of Deposits (All branches) | (Unit: Billions of Yen) | ||||||
For the three months ended | For the year ended | ||||||
June 30, 2016 (A) | (A)-(B) | June 30, 2015 (B) | (Reference) March 31, 2016 | ||||
1 | (Outstanding balance) The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | 14,478.8 | 581.9 | 13,896.9 | 14,533.4 | ||
2 | The Bank of Yokohama, Ltd. Non-Consolidated | 12,617.1 | 594.1 | 12,023.0 | 12,680.8 | ||
3 | The Higashi-Nippon Bank, Limited Non-Consolidated | 1,861.6 | (12.3) | 1,873.9 | 1,852.6 | ||
4 | (Average balance) The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | 14,371.0 | 567.6 | 13,803.4 | 13,880.8 | ||
5 | The Bank of Yokohama, Ltd. Non-Consolidated | 12,572.5 | 558.6 | 12,013.9 | 12,073.8 | ||
6 | The Higashi-Nippon Bank, Limited Non-Consolidated | 1,798.4 | 9.0 | 1,789.4 | 1,807.0 |
(2) Breakdown of depositors' categories (outstanding balance) | |||||||||
Domestic branches (excluding deposits in offshore market account) | |||||||||
① The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | (Unit: Billions of Yen) | ||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | |||||
7 | Individual | 10,476.7 | 147.0 | 158.2 | 10,329.7 | 10,318.5 | |||
8 | Of which, liquid deposits | 6,939.1 | 227.5 | 167.8 | 6,711.6 | 6,771.3 | |||
9 | Of which, fixed deposits | 3,507.9 | (75.6) | (6.7) | 3,583.5 | 3,514.6 | |||
10 | Corporate | 3,157.0 | 161.9 | 134.7 | 2,995.1 | 3,022.3 | |||
11 | Local Public | 594.4 | 183.6 | (318.5) | 410.8 | 912.9 | |||
12 | Financial institutions | 105.4 | (3.4) | (42.9) | 108.8 | 148.3 | |||
13 | Total | 14,333.6 | 489.0 | (68.5) | 13,844.6 | 14,402.1 |
② The Bank of Yokohama, Ltd. Non-Consolidated | (Unit: Billions of Yen) | ||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | |||||
14 | Individual | 9,287.4 | 149.1 | 153.1 | 9,138.3 | 9,134.3 | |||
15 | Of which, liquid deposits | 6,501.2 | 203.2 | 154.0 | 6,298.0 | 6,347.2 | |||
16 | Of which, fixed deposits | 2,758.5 | (49.7) | 0.8 | 2,808.2 | 2,757.7 | |||
17 | Corporate | 2,555.1 | 146.7 | 125.7 | 2,408.4 | 2,429.4 | |||
18 | Local Public | 538.5 | 208.9 | (315.9) | 329.6 | 854.4 | |||
19 | Financial institutions | 90.9 | (3.3) | (40.2) | 94.2 | 131.1 | |||
20 | Total | 12,471.9 | 501.2 | (77.5) | 11,970.7 | 12,549.4 |
③ The Higashi-Nippon Bank, Limited Non-Consolidated | (Unit: Billions of Yen) | ||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | |||||
21 | Individual | 1,189.3 | (2.1) | 5.2 | 1,191.4 | 1,184.1 | |||
22 | Of which, liquid deposits | 437.9 | 24.4 | 13.9 | 413.5 | 424.0 | |||
23 | Of which, fixed deposits | 749.3 | (26.0) | (7.6) | 775.3 | 756.9 | |||
24 | Corporate | 601.8 | 15.1 | 9.0 | 586.7 | 592.8 | |||
25 | Local Public | 55.9 | (25.3) | (2.5) | 81.2 | 58.4 | |||
26 | Financial institutions | 14.4 | (0.1) | (2.7) | 14.5 | 17.1 | |||
27 | Total | 1,861.6 | (12.3) | 9.0 | 1,873.9 | 1,852.6 |
9. Individual Deposit Assets | |||||||||
(1) Group Total (The Bank of Yokohama, Ltd., The Higashi-Nippon Bank, Limited and Hamagin Tokai Tokyo Securities Co.,Ltd. Combined) | (Unit: Billions of Yen) | ||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | |||||
1 | Total balance of investment products for individuals (The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined) | A | 1,798.4 | (94.9) | (55.4) | 1,893.3 | 1,853.8 | ||
2 | Investment products for individuals at Hamagin Tokai Tokyo Securities Co.,Ltd. | B | 303.2 | (52.7) | (20.1) | 355.9 | 323.3 | ||
3 | Total balance of investment products for individuals | C = A + B | 2,101.7 | (147.5) | (75.4) | 2,249.2 | 2,177.1 | ||
4 | Total individual deposit assets | D = B + E | 12,552.2 | 3.6 | 84.3 | 12,548.6 | 12,467.9 | ||
5 | Ratio of investment products for individuals | C / D | 16.7% | (1.2%) | (0.7%) | 17.9% | 17.4% |
(2) The Bank of Yokohama, Ltd. and The Higashi-Nippon Bank, Limited Combined | (Unit: Billions of Yen) | |||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | ||||||
6 | Investment trusts | 558.1 | (101.2) | (33.0) | 659.3 | 591.1 | ||||
7 | Insurance | 1,077.1 | 46.3 | (12.8) | 1,030.8 | 1,089.9 | ||||
8 | Foreign currency deposits | 26.2 | (4.1) | (1.5) | 30.3 | 27.7 | ||||
9 | Public bonds | 136.9 | (35.8) | (8.0) | 172.7 | 144.9 | ||||
10 | Total balance of investment products for individuals | A | 1,798.4 | (94.9) | (55.4) | 1,893.3 | 1,853.8 | |||
11 | Individual deposits (deposits in yen) | 10,450.5 | 151.2 | 159.8 | 10,299.3 | 10,290.7 | ||||
12 | Total individual deposit assets | E | 12,248.9 | 56.2 | 104.4 | 12,192.7 | 12,144.5 | |||
13 | Ratio of investment products for individuals | A / E | 14.6% | (0.9%) | (0.6%) | 15.5% | 15.2% |
(3) The Bank of Yokohama, Ltd. Non-Consolidated | (Unit: Billions of Yen) | |||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | ||||||
14 | Investment trusts | 519.5 | (98.3) | (31.0) | 617.8 | 550.5 | ||||
15 | Insurance | 1,001.7 | 39.3 | (15.1) | 962.4 | 1,016.8 | ||||
16 | Foreign currency deposits | 25.9 | (4.2) | (1.6) | 30.1 | 27.5 | ||||
17 | Public bonds | 125.0 | (36.9) | (8.2) | 161.9 | 133.2 | ||||
18 | Total balance of investment products for individuals | F | 1,672.3 | (100.1) | (55.9) | 1,772.4 | 1,728.2 | |||
19 | Individual deposits (deposits in yen) | 9,261.4 | 153.3 | 154.7 | 9,108.1 | 9,106.7 | ||||
20 | Total individual deposit assets | G | 10,933.8 | 53.2 | 98.8 | 10,880.6 | 10,835.0 | |||
21 | Ratio of investment products for individuals | F / G | 15.2% | (1.0%) | (0.7%) | 16.2% | 15.9% |
(4) The Higashi-Nippon Bank, Limited Non-Consolidated | (Unit: Billions of Yen) | |||||||||
As of June 30, 2016 (A) | (A)-(B) | (A)-(C) | As of June 30, 2015 (B) | As of March 31, 2016 (C) | ||||||
22 | Investment trusts | 38.5 | (3.0) | (2.0) | 41.5 | 40.5 | ||||
23 | Insurance | 75.3 | 7.0 | 2.2 | 68.3 | 73.1 | ||||
24 | Foreign currency deposits | 0.2 | 0.0 | 0.0 | 0.2 | 0.2 | ||||
25 | Public bonds | 11.8 | 1.1 | 0.2 | 10.7 | 11.6 | ||||
26 | Total balance of investment products for individuals | H | 126.0 | 5.1 | 0.5 | 120.9 | 125.5 | |||
27 | Individual deposits (deposits in yen) | 1,189.0 | (2.1) | 5.1 | 1,191.1 | 1,183.9 | ||||
28 | Total individual deposit assets | I | 1,315.1 | 3.0 | 5.6 | 1,312.1 | 1,309.5 | |||
29 | Ratio of investment products for individuals | H / I | 9.5% | 0.3% | 0.0% | 9.2% | 9.5% | |||
Capital ratio as of June 30, 2016 will be announced when it is fixed. |