Japan Post Bank Co., Ltd. · TSE:7182

Japan Post Bank — FY2020 Earnings Presentation

36 slides from Japan Post Bank's earnings presentation, May 14, 2021

  1. Slide 1: BP ps5 a8eiT

    BP ps5 a8eiT 2021 3 2021 5 14

  2. Slide 2: Contents

    P. 2 P.18 P. 3 P.19 P. 4 P.20 P. 5 P.20 P. 6 P.21 P. 7 P.23 P. 8 P.24 P. 9 P.26 P.10 P.27 P.11 P.28 P.12 P.29 P.30 2021 P.31 P.14 P.31 P.15 P.32 P.16 P.33 JP 2 ATM JP Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved.

  3. Slide 3: BP ps6 48817

    BP ps6 48817

  4. Slide 4: Summary of FY2020 results

      2,801 66 2020 11 103.7 1 3,942 3,750 2,801 2,700 50 150 66 0 50 3.9 105.1 2.4 103.7 13,190 3,088 3,943 2,798 48 149 152 67 0.3 5.0 4.0 2.4 50.4 223.8 138.1 3.1 15.51% 71.1 12.9 2.9 5.5 0.04% Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 2

  5. Slide 5: Income statement summary

    2019 2020  48 1 3,190 13,142 13,190 48 9,768 9,618 149 149 1,288 1,279 9 9 2,084 2,292 207 207 2,021 2,546 525  100 1 101 80 259 340  149 3,088 10,202 10,101 100 0 0  152 3,943 2,939 3,088 149  2,798 67 851 854 3 % 3,790 3,943 152 2019 2020 2,730 2,798 67 1 2.68 2.75 0.06 2 77.63 76.58 1.04 1 2

  6. Slide 6: Net interest income

     2020 9,618 0.45%  149 1.4% 14,000 2019 2020 12,235 5,497 4,556 940 1.2% 11,756 12,000 6,290 5,183 1,107 10,161 4,281 3,646 634 1.0% 9,768 9,618 10,000 793 626 167 0.8% 8,000 2019 2020 0.60% 0.57% 0.6% 6,000 4,270 5,061 791 0.49% 0.47% 0.45% 7,894 7,514 379 0.4% 4,000 7,874 7,509 365 3,623 2,452 1

  7. Slide 7: Fees and commissions

     2020 9 1,279 2019 2020 1,288 1,279 9 1,400 1,288 1,279 794 834 39 85 97 190 201 10 1,200 1,067 217 146 217 146 71 1,000 964 87 85 97 11 90 201 866 190 222 800 96 190 105 145 2019 2020 72 92 600 3,170 3,661 491 834 6,914 2,629 4,285 400 794 591 591 612 2019 2020 200 1,185 1,215 29 0 23,017 25,658 2

  8. Slide 8: General and administrative expenses

     2020 102 1 80 2019 2020 11,000 1,206 1,172 33 10,540 10,428 10,353 986 960 26 10,183 10,080 10,000 8,443 8,342 100 3,697 3,663 33 2,378 2,374 3 9,000 594 574 20 533 565 32 10,183 10,080 102 8,0000 2016 2017 2018 2019 2020 Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 6

  9. Slide 9: Deposits and securities

    2019 2020  12 9,423 223 8,475 2,109,051 2,238,475 129,423  2 9,848 138 1,832  2,700 4 6,917 516,639 607,680 91,041  6 5,887 189 5,934 10,400 13,900 3,500  2 1,883 97,318 97,213 105 2 1,172 45,497 55,475 9,978 1,351,984 1,381,832 29,848 150 49,617 46,917 2,700 138.7 139.2 137.1 135.1 138.1 2,019

  10. Slide 10: Deposits balance

     2020 189.5 200 2019 2020 189.5 179.4 179.8 180.9 183.0 87.5 101.3 13.7 150 7.7 9.1 1.4 67.9 73.7 79.9 87.5 101.3 79.3 91.5 12.2 0.5 0.6 0.1 100 95.2 88.1 7.1 5.2 4.7 0.5 111.2 105.9 50 100.9 95.2 90.0 83.4 6.6 88.1 0.1 0.1 0.0 183.0 189.5 6.5 0 2016 2017 2018 2019 2020 Copyright © 2021 JAPAN POST

  11. Slide 11: Securities portfolio

     2020 50.4 71.1 2019 2020 % % 1,351,984 65.1 1,381,832 62.6 29,848 11.5 5.2 536,361 25.8 504,934 22.8 31,426 1 159,048 7.6 165,225 7.4 6,176 50.4 656,575 31.6 711,672 32.2 55,097 22.8 60.6 237,068 11.4 235,051 10.6 2,017 27.5 2 419,010 20.1 475,911 21.5 56,901 220.5 4.6 45,497 2.1 55,475 2.5 9,978

  12. Slide 12: Unrealized gains and losses on securities

     2020 3 488 3 1,508 2019 2020 241,707 4,908 251,780 2,381 2,526 2019 2020 1,159,361 3,706 1,189,405 35,868 32,162 1,113,864 7,515 1,133,929 24,072 31,588 325,979 7,942 299,170 5,427 2,514 237,068 4,294 235,051 10,313 6,019 419,010 20,404 475,911 7,762 28,166 131,806 651 123,795 568 83 3,083 1,735 4

  13. Slide 13: Capital adequacy ratio

     2020 15.53% Tier1 17.73% % % 2019 2020 40 89,420 90,383 962 573,908 581,668 7,759 30 547,588 556,148 8,559 15.58 15.53 0.04 20 17.43 15.80 15.58 15.53 % 2020 10 17.73 14.09 0 2017 2018 2019 2020 Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 11

  14. Slide 14: Loans and investments

    2019 2020 1,139,569 1,209,543 69,973 571,866 669,423 97,556 567,703 540,120 27,582 848,705 911,207 62,501 59,863 54,938 4,925 75,944 75,342 601 634,023 682,131 48,107 22,917 26,373 3,456 22,860 29,768 6,908 33,096 42,652 9,556 1 9 2 Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 12

  15. Slide 15: BP ps6 48817

    BP ps6 48817 2021

  16. Slide 16: FY2021 earnings forecast

     2021 3,550 2,600  2020 2020 2020 2021 2020 2020 2021  2020 12 2 1 12,650 12,701 12,400  3 2020 12 1,300 1,279 1,290  2020 12 10,300 10,093 10,150 2 2020 12 3 3,750 3,942 3,550 2,700 2,801 2,600 1 Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 14

  17. Slide 17: Asset management plan 2021-2025

     2020 1 50  2021 2025 2021 1 40 57.6% 2021 2025 2020 2021  2021 2025 50 40 50%  50 1,874 1,499 60% 1 2021 66.9% 57.6%  2020 1 50  1 2021 2025 Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 15

  18. Slide 18: Market trends: credit spreads and yields

    IG (%) (bp) 0.6 400 0.49 0.46(21/4) 0.41 300 0.3 20Y 0.10 200 0.10(21/4) 0.0 0.02 100 91 IG 96 88(21/4) 10Y 0.3 0 20/3 20/6 20/9 20/12 21/3 21/6 21/9 21/12 22/3 20/3 20/6 20/9 20/12 21/3 21/6 21/9 21/12 22/3 / / HY (%) (bp) 2.0 1,000 800 1.5 600 1.0 0.94 0.85(21/4) 400 HY 360 310 291(21/4) 0.5 0.43

  19. Slide 19: BP ps6 48817

    BP ps6 48817

  20. Slide 20: Balance sheet

    2019 2020 2019 2020 51,663,901 60,768,034 9,104,132 183,004,733 189,593,469 6,588,736 1,040,000 1,390,000 350,000 14,855,624 14,886,481 30,856 9,731,897 9,721,360 10,536 2,219,384 1,504,543 714,840 112,491 112,491 10,100 3,917,500 3,907,400 315,812 362,212 46,400 511 514 3 31 13 17 1,596,945 1,535,9

  21. Slide 21: Income statement

    2019 2020 2019 2020 1,314,210 1,319,027 4,817 450 1,564 1,113 976,821 961,884 14,937 450 557 107 128,891 127,943 948 0 1,006 1,006 208,497 229,200 20,702 378,626 392,760 14,134 202,139 254,666 52,527 101,266 124,123 22,857 8,097 25,980 34,077 4,315 11,200 15,516 1,020,253 1,010,175 10,078 105,581 11

  22. Slide 22: Yields and margins

    % 2019 2020 0.13 0.12 0.00 2.68 2.75 0.06 77.63 76.58 1.04 1 2 100 2 2 100 3 100 % 2019 2020 0.64 0.56 0.07 0.69 0.61 0.08 0.17 0.11 0.05 0.04 0.04 0.00 0.47 0.45 0.02 Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 20

  23. Slide 23: Average balance and yields

    % 2019 2020 198,026,308 629,096 0.31 204,928,217 518,305 0.25 0.06 4,947,212 11,056 0.22 5,888,523 10,060 0.17 0.05 71,842,673 492,509 0.68 70,330,066 410,942 0.58 0.10 52,928,370 28,874 0.05 56,799,558 29,230 0.05 0.00 190,695,746 79,358 0.04 197,783,193 62,606 0.03 0.00 183,018,232 55,096 0.03 188

  24. Slide 24: Average balance and yields by item

    % 2019 2020 203,590,095 1,318,014 0.64 210,430,410 1,198,278 0.56 0.07 4,958,081 11,113 0.22 5,912,287 10,186 0.17 0.05 135,082,556 1,279,986 0.94 137,268,164 1,161,897 0.84 0.10 52,929,633 28,904 0.05 56,799,558 29,230 0.05 0.00 196,217,319 341,193 0.17 203,692,867 236,393 0.11 0.05 183,018,232 55,

  25. Slide 25: Securities by type

    % 2019 2020 51,485,414 24.80 60,667,097 27.50 9,181,682 1,040,000 0.50 1,390,000 0.63 350,000 9,731,897 4.68 9,721,360 4.40 10,536 112,491 0.05 112,491 4,549,736 2.19 5,547,574 2.51 997,837 1,859,682 0.89 2,261,772 1.02 402,089 1,419,008 0.68 1,545,190 0.70 126,181 135,198,460 65.14 138,183,264 62.6

  26. Slide 26: Securities by holding

    2019 2020 21,038,148 475,518 20,576,382 230,680 461,765 244,838 1,146,788 1,665 1,891,261 1,605 744,473 59 1,985,771 13,654 2,710,435 5,892 724,664 7,762 24,170,708 490,838 25,178,079 238,178 1,007,371 252,660 2019 2020 5 10,505 10,500 45,366,981 857,136 41,824,162 597,822 3,542,819 259,314 32,597,9

  27. Slide 27: Securities details

    2019 2020 4,549,736 813,852 5,547,574 1,353,124 997,837 539,271 1,859,682 816,565 2,261,772 1,363,424 402,089 546,858 1,419,008 893 1,545,190 11,689 126,181 10,796 1 2 2020 5,528 2019 9,212 2019 2020 8,913,409 458,664 8,136,647 175,043 776,762 283,620 7,426,920 14,041 8,073,418 363,009 646,498 348,9

  28. Slide 28: Securities by type breakdown

    % 2019 2020 120,653 11.84 117,288 11.63 3,364 98,694 9.69 96,068 9.52 2,625 21,959 2.15 21,219 2.10 739 844,334 82.91 834,256 82.75 10,078 369,716 36.30 366,358 36.34 3,358 237,820 23.35 237,439 23.55 381 59,486 5.84 57,436 5.69 2,050 11,956 1.17 11,531 1.14 424 64,085 6.29 67,002 6.64 2,917 36,146

  29. Slide 29: Loans breakdown

    % 2019 2020 4,942,412 100.00 4,666,152 100.00 276,259 43,524 0.88 81,669 1.75 38,145 108,064 2.18 137,714 2.95 29,650 31,155 0.63 34,255 0.73 3,099 773,676 15.65 739,510 15.84 34,165 12,983 0.26 63,184 1.35 50,200 48,437 0.98 84,214 1.80 35,776 3,782,410 76.52 3,428,219 73.46 354,190 142,159 2.87 97

  30. Slide 30: Deposits breakdown

    % 2019 2020 87,567,568 47.84 101,309,018 53.43 13,741,449 7,712,325 4.21 9,150,117 4.82 1,437,791 79,346,271 43.35 91,546,309 48.28 12,200,038 508,971 0.27 612,591 0.32 103,619 95,298,907 52.07 88,145,649 46.49 7,153,258 5,225,651 2.85 4,709,291 2.48 516,359 90,073,256 49.21 83,436,358 44.00 6,636,8

  31. Slide 31: Employees and branches

    2019 2020 134,232 133,541 690 1,686 1,277 409 5,709 6,920 1,211 141,628 141,740 111 2019 2020 6,190 5,727 463 7,113 6,850 262 943 935 7 782 761 21 1,161 1,330 169 77 32 44 % 2019 2020 0.7 0.7 Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 29

  32. Slide 32: Other financial data

    2019 2020 248,769 281,471 32,702 7 0 6 43,373 43,407 34 3,222 5,024 1,801 144,765 167,565 22,800 24,599 22,610 1,988 8,773 7,761 1,011 1,680 3,123 1,443 22,348 31,978 9,629 121,106 1,104,605 983,499 113,396 1,098,194 984,798 7,709 6,411 1,298 127,662 823,134 950,796 Copyright © 2021 JAPAN POST BANK

  33. Slide 33: Other data

    % 2019 2020 0 0 0 0 5,111,652 4,774,980 336,671 5,111,652 4,774,980 336,671 0.00 0.00 2019 2020 1,031 935 95 258 280 22 772 655 117 Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved. 31

  34. Slide 34: Capital adequacy ratio details

    % 2019 2020 8,965,233 9,057,656 92,422 32,685 33,294 608 8,932,547 9,024,361 91,813 57,407,276 58,157,118 749,842 54,775,080 55,604,917 829,837 8 2,632,196 2,552,200 79,995 8 15.55 15.51 0.04 % 2019 2020 8,974,876 9,071,821 96,944 32,827 33,498 671 8,942,048 9,038,322 96,273 57,390,850 58,166,845 77

  35. Slide 35: Credit ratings of securities

    2019 2020 1,359,705 28,113 AAA 1,354,370 19,045 AAA 173,975 205 AAA 225,448 33 AAA 1,018 37 AAA 870 28 AAA 1,534,699 27,945 1,580,689 19,106 38,546 9,390 AAA 54,999 3,897 AAA 1,767,354 121,935 AAA 2,036,348 36,013 AAA 1,805,900 131,326 2,091,347 39,911 3,340,600 103,380 3,672,037 59,017 1 2 3 4 5 6

  36. Slide 36: Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved.

    Copyright © 2021 JAPAN POST BANK CO., LTD. All Rights Reserved.

Japan Post Bank — FY2020 Earnings Presentation on 6ix