Resona Holdings, Inc. · TSE:8308
Resona — 1-3Q FY2016 Earnings Presentation
78 slides from Resona's earnings presentation, February 2017
Slide 1: Aiming at Becoming No.1 Retail Bank
Aiming at Becoming No.1 Retail Bank February 2017
Slide 2: Contents
Contents Resona Group at a Glance Outline of Business Results for 1-3Q of FY2016 and Updates on Major Businesses Efforts to Build Solid Foundation for Sustainable Growth Direction of Capital Management Reference Material Total loans outstanding (Term-end balance): JPY27.7 tn*1 1. In some pages of th
Slide 3: Introductory Comments
Introductory Comments Implications of the new monetary policy Views it positively since the BOJ showed certain consideration for banks’ earnings 1 However, the strengthened forward guidance implies a risk of prolonged low interest rate environment 1-3Q results: Robust bottom line, achieved t
Slide 4: Table of Contents
Table of Contents Resona Group at a Glance Direction of Capital Management P5 Resona Group at a Glance P38 Direction of Capital Management P6 Population and Economic Scale of Resona’s Primary Operating Base P7 Loan Portfolio, Interest Margin and Cost to Income Ratio P8 Stable Earnings Trend and High
Slide 5: Resona Group at a Glance
Resona Group at a Glance Outline of Business Results for 1-3Q of FY2016 and Updates on Major Businesses Efforts to Build Solid Foundation for Sustainable Growth Direction of Capital Management Reference Material 4
Slide 6: Resona Group at a Glance
Resona Group at a Glance Resona focuses management resources on Tokyo and Kansai metropolitan areas and retail banking business Resona Group is the largest retail-focused bank with full-line trust capabilities in Japan with a well-established customer base comprising approx. 13 million retail ac
Slide 7: Population and Economic Scale of Resona's Primary Operating Base
Population and Economic Scale of Resona’s Primary Operating Base Prefectures where Resona’s franchise is concentrated account for more than 30% of Japan’s population and GDP Such prefectures are comparable to some countries in terms of GDP Prefectural GDP in USD Compared Prefecture Population*1
Slide 8: Loan Portfolio, Interest Margin and Cost to Income Ratio
Loan Portfolio, Interest Margin and Cost to Income Ratio Loans provided to SMEs and individuals account for over 80% of total loans. Interest margins are higher relative to mega bank group Through operational reforms and efficient management, Resona mitigated the high-cost structure inherent in
Slide 9: Stable Earnings Trend and High Profitability
Stable Earnings Trend and High Profitability Resona has consistently generated stable profits supported by our sound balance sheet Historical Consolidated ROA*1 Resona HD Net Income Attributable Y253.6 bn Y275.1 bn Y220.6 bn Y211.4 bn Y183.8 bn to Owners of the Parent *1. Source: Company disclosur
Slide 10: Outline of Business Results for 1-3Q of FY2016
Resona Group at a Glance Outline of Business Results for 1-3Q of FY2016 and Updates on Major Businesses Efforts to Build Solid Foundation for Sustainable Growth Direction of Capital Management Reference Material 9
Slide 11: Outline of Financial Results for the 1-3Q Period of FY2016
Outline of Financial Results for the 1-3Q (9 Months) Period of FY2016 1-3Q of FY2016 Resona HD consolodated YoY change (JPY bn) Posted JPY129.8 bn of net income attributable to owners of % the parent Gross operating profit (1) 422.3 (31.8) (7.0)% Down JPY0.3 bn, or (0.2)%, YoY, Net interest inco
Slide 12: Breakdown of Financial Results
Breakdown of Financial Results Resona Holdings Total of group banks (Consolidated) (Non-consolidated) Difference (JPY bn) 1-3Q of FY2016 1-3Q of FY2016 Saitama Kinki Resona Resona Osaka Bank YoY YoY Bank Bank YoY (A) change (B) change (A)-(B) change Gross operating profit (1) 422.3 (31.8) 388.5 (30.
Slide 13: Factors for the Changes in Periodic Profits (YoY Comparison)
Factors for the Changes in Periodic Profits RHD (YoY Comparison) Consolidated (JPY bn) Actual net operating profit (32.1) Gross operating profit (31.8) Other items, Income tax Net interest income (20.5) net and other Credit- (10.5) +1.5 NII from domestic loans related and deposits Net gains expenses
Slide 14: Trend of Loan and Deposit
Total of Trend of Loan and Deposit Group Banks Trend of average loan balance Average loan / deposit balance, rates and spread (Domestic account) Average loan balance Rate of YoY increase (right scale) (JPY tn) FY2016 Avg. bal : Trillion Yen 1-3Q Income/Cost : Billion Yen *4 29 (Act) YoY (Plan) Yo
Slide 15: Term-end Balance of Loan and Deposit
Total of Term-end Balance of Loan and Deposit Group Banks Term-end loan balance Term-end deposit balance JPY tn, % represents JPY tn, % represents YoY change YoY change Corporate (Large companies and other)*1 Other Corporate (SMEs) Corporate deposits Corporate (Apartment loans) Individual deposit
Slide 16: Residential Housing Loan and Apartment Loan Business
Total of Residential Housing Loan and Apartment Loan Business Group Banks New loan origination Term-end loan balance (JPY tn) JPY tn, % represents YoY change Apartment loan Apartment loan Flat 35 Residential housing loan Residential housing loan 0.42 13.34 0.41 13.12 13.12 13.12 13.18 13.30 12.98 (+
Slide 17: Trend of Fee Income
RHD Trend of Fee Income Consolidated Consolidated fee income ratio at 27.7% for 1-3Q of FY2016 JPY bn, % represents YoY change Consolidated 28.9% 30.00% fee income ratio*1 27.2% 27.7% 27.2% 160.0 26.7% 25.7% Consolidated 200.0 fee income 140.0 Consolidated 25.0% 173.5 25.00% fee income (+2.8%) 169.2
Slide 18: Asset Formation Support Business
Total of Asset Formation Support Business Group Banks Balance of investment products sold to individuals (JPY tn) Number of individual customers 16.2% 16.2% Investment product having investment trust and 15.6% 15.4% ratio*1 insurance products 6 14.7% 14.4% 15% FX deposits and 0.64 million as of De
Slide 19: Credit Costs and NPL
RHD Consolidated Credit Costs and NPL Total of Group Banks Trend of NPL balance and ratio Trend of credit costs (Total of Group Banks) FY2014 FY 2015 FY 2016 (Financial Reconstruction Act criteria)) (JPY bn) 1-3Q 1-3Q Plan Unrecoverable or valueless claims (9Ms) (9Ms) Risk claims Net credit cost Spe
Slide 20: Securities Portfolio
Total of Securities Portfolio Group Banks Securities Portfolio Status of policy-oriented stocks held Breakeven Nikkei average: Approx. 6,200 yen (JPY bn) 2016/3 2016/9 2016/12 Unrealized Listed stocks sold in 1-3Q of FY2016 (acquisition cost): gain/(loss) JPY2.9 bn, Net gain on sale: JPY4.7 bn A
Slide 21: Results by Business Segments for the 1-3Q Period of FY2016 (1)
Results by Business Segments for Total of Group Banks and HL Guarantee the 1-3Q Period of FY2016 (1) Subsidiaries Actual net operating profit decreased by JPY26.0 bn, due to slowdown of customer divisions FY2016 YoY (JPY bn) (JPY bn) 1-3Q Change Gross operating profit (1) 345.3 (41.2) Personal Custo
Slide 22: Results by Business Segments for the 1-3Q Period of FY2016 (2)
Results by Business Segments for Total of Group Banks and HL Guarantee the 1-3Q Period of FY2016 (2) Subsidiaries Personal Banking Segment Corporate Banking Segment Actual net operating profit decreased by JPY23.5 bn Actual net operating profit decreased by JPY16.8 bn Segment interest spread d
Slide 23: Capital Adequacy Ratio
RHD Capital Adequacy Ratio Consolidated CAR (Domestic std.) and CET1 ratio* (International std.) as of Dec. 31 2016 were 12.23% and 8.88%, respectively, maintaining sound capital adequacy level * Excluding net unrealized gains on available-for-sale securities Domestic standard (reference) Internat
Slide 24: Earnings Targets for FY2016
Earnings Targets for FY2016 RHD Consolidated (Revised and Released in November 2016) Total of Group Banks RHD Consolidated Common DPS Revised Change Change from 1H FY'16 YoY Change from （JPY bn） full-year from original DPS original (Actual) change previous year target target forecast Net (interim) i
Slide 25: Efforts to Build Solid Foundation for Sustainable Growth
Resona Group at a Glance Outline of Business Results for 1-3Q of FY2016 and Updates on Major Businesses Efforts to Build Solid Foundation for Sustainable Growth Direction of Capital Management Reference Material 24
Slide 26: Aiming at Becoming No.1 Retail Bank
Aiming at Becoming No.1 Retail Bank Customers’ joy and happiness are Resona’s Environmental and Values to be Business Differentiation societal changes delivered opportunities factors Corporate banking field Customer base / Industrial structure SMEs’ growth and domestic and Loans for capex and to bus
Slide 27: Corporate Banking Dept. (1): Capex-related Loans / Loans to Healthcare Industry
Corporate Banking Dept. (1): Capex-related Loans / Loans to Healthcare Industry Building up long-term loan assets by offering effective solutions Capex-related loans*1, 2 Loans to healthcare industry*2, 3 62% of the respondents intending to increase capex Health and medical care market to grow 6
Slide 28: Corporate Banking Dept. (2): Solutions Business
Corporate Banking Dept. (2): Solutions Business Aiming at becoming No.1 settlement Solutions for SMEs to develop their business solution provider 24H RTGS account transfers Management Settlement within Resona group banks Start-up Asset <Number of primary consulting solutions EB contracts> support Ma
Slide 29: Corporate Banking Dept. (3): PB Business
Corporate Banking Dept. (3): PB Business Expanding succession market Loans to “premier” customers on the rise Succession market to grow till around 2040 ＜Loans to “premier” customers*3> (Term-end bal. / new loans extended) <Number of inheritance cases (trend and forecast)*1> (JPY bn) +4.4％ 1.66 mi
Slide 30: Personal Banking Dept. (1): AM Business
Personal Banking Dept. (1): AM Business Shift form savings to asset formation Commencement of Fund Wrap Business Higher ratio of cash & deposits Supporting long-term asset formation than in the US and UK ＜Composition of personal financial assets *1＞ Growing to be a JPY10 bn business in the medium
Slide 31: Personal Banking Dept. (2): Housing Loan / Consumer Loan
Personal Banking Dept. (2): Housing Loan / Consumer Loan Approaches from both sides: Enhancing income and curtailing costs Housing loan Consumer loan Income <Term-end balance> Provide attractive products timely Eightfold increase in Web-only (JPY bn) Other Strategic products Loan Refinance Loan
Slide 32: Omni-channel Strategy: Envisaged Goal
Omni-channel Strategy: Envisaged Goal Banking “Anytime” and “Anywhere” => Removing constraints and inconveniences Envisaged goal to be attained in FY2019 : Increase in net operating profit +JPY29.0 bn From existing customers From new customers From clerical work reform Resona Loyal Tablet One
Slide 33: Omni-channel Strategy: Measures Implemented Thus Far
Omni-channel Strategy: Measures Implemented Thus Far Provide customers with overwhelming convenience Overcome constraints of “time” for Overcome constraints of “space” for banking transactions (Anytime) banking transactions (Anywhere) Business hours extended to 17:00 (Apr. 2004) Expand the Inter
Slide 34: How We Operate Branches: Enhanced Customer Convenience and Higher Productivity
How We Operate Branches: Enhanced Customer Convenience and Higher Productivity Convenient procedure not requiring Prior sign-in and data entry with a tablet device seals and slips Prior ordering via smart phones also under consideration Abolish seals at all branches including the existing branch
Slide 35: Low-cost Operation and Strategic Mobilization of Resources
Low-cost Operation and Strategic Mobilization of Resources Intensively allocating expenses in strategic areas while curtailing total operating expenses Adjusted personnel and non-personnel expense Employee Composition (Total of Group Banks) (Total of Group Banks) (JPY bn） 432.6 Operational reform (T
Slide 36: Resona's Challenges Attracting Attentions from Outside
Resona’s Challenges Attracting Attentions from Outside Resona’s challenges towards “Retail No.1” are highly evaluated by various institutions Corporate Governance Nikkei’s Survey on Banks’ 2015Nikkei Superior Products of the Year ® 2015 Retail Capability 2016 and Services Awards Japan Association of
Slide 37: Measures to Build Multifaceted Business Relationships with Customers
Measures to Build Multifaceted Business Relationships with Customers Visible progress has been made through the increase in the number of “Resona Loyal Customers” Number of Customers Top-line Avg. # of Customer segments based on (thousands) Income Products Increase life-time profits by upgrading the
Slide 38: Direction of Capital Management
Resona Group at a Glance Outline of Business Results for 1-3Q of FY2016 and Updates on Major Businesses Efforts to Build Solid Foundation for Sustainable Growth Direction of Capital Management Reference Material 37
Slide 39: Direction of Capital Management
Direction of Capital Management Capital adequacy ratio ROE Secure sufficient capital adequacy under the Japanese Domestic Std. Dec. 31, 2016 Maintain ROE*2 above 10%, FY2015 Aim to achieve 8% and higher CET1 ratio*1 enhancing efficiency in capital Actual CET1 ratio*1 stably under the Int’l 8.8
Slide 40: Reference Material
Resona Group at a Glance Outline of Business Results for 1-3Q of FY2016 and Updates on Major Businesses Efforts to Build Solid Foundation for Sustainable Growth Direction of Capital Management Reference Material 39
Slide 41: Overview of the Impacts from the BOJ's NIRP on Consolidated BS
Overview of the Impacts from the BOJ’s NIRP on Consolidated BS Impacts that surfaced already are manageable Total assets JPY47.1 tn (Sep. 30, 2016) Impacts of the NIRP （JPY(2.0) tn from Mar. 31, 2016) Estimated Estimated full- full-year NIRP year NIRP Loans Fixed-rate Deposits JPY bn 1st Half impact
Slide 42: Trend of Residential Housing Loans
Total of Trend of Residential Housing Loans Group Banks Composition of newly originated residential New loan origination housing loans by interest rate type (JPY tn) Flat 35 Share of fixed rate residential housing loans Share of variable rate residential housing loans Residential housing loan 0.63 3
Slide 43: Major Fee Businesses
Total of Major Fee Businesses Group Banks Trust-related business (JPY bn) (Reference) Number of new asset succession-related contracts Income from trust solution offered for asset and business succession Income from Pension/Securities trust Will trust + Estate division Asset succession Trust for tra
Slide 44: Business Results by Major Group Business Segments
Business Results by Major Group Business Segments “RVA”*1 and “RAROC” as management indicators to measure profitability to allocated capital Management Accounting by Major Group Business Lines (1H FY2016) (JPY bn, %) Profitability Soundness Net operating profit after a deduction of credit cost Net
Slide 45: Consolidated Subsidiaries and Affiliated Companies
Consolidated Subsidiaries and Affiliated Companies Consolidated domestic subsidiaries (excluding subsidiary banks) (JPY bn） Capital contribution Net income （Ref） FY2015 Name Line of business ratio 1H FY2016 YoY change Net income Credit guarantee Resona Ｇroup Resona Guarantee Co., Ltd. (1) (Mainly mo
Slide 46: Capital Adequacy Ratio (Group Banks)
Capital Adequacy Ratio (Group Banks) Resona Bank Saitama Resona Bank Kinki Osaka Bank (Consolidated) (Non-consolidated) (Consolidated) [A-IRB] [A-IRB] [F-IRB] Japanese Domestic Standard (JPY bn) Mar. 31, Sep. 30, Mar. 31, Sep. 30, Mar. 31, Sep. 30, 2016 2016 2016 2016 2016 2016 Change Change Change
Slide 47: Sophistication in ALM Interest Rate Risk Management
Sophistication in ALM Interest Rate Risk Management: (Internal Model to Measure Core Liquidity Deposits) Reassess the value of liquidity deposits Methods to measure core liquidity deposits Internal model to measure core liquidity deposits Before implementation of internal model ⇒ Grasp more properly
Slide 48: Securities Portfolio
Total of Securities Portfolio Group Banks Maturity ladder of securities held (securities with contractual maturities, nominal amount basis) Sep. 30, 2016 Mar. 31, 2016 (JPY bn) Five to Five to One year or One to Three to Seven to Over One year One to Three to Seven to Over seven Total seven Total le
Slide 49: Stocks Held by Industry (End of September 2016, RB)
10% 15% 20% 0% 5% Fishery, agriculture and forestry (Fair value basis) Mining Construction Food product Textile product Pulp and paper Chemical product Pharmaceutical product Oil and petrochemical product Rubber products Glass and pottery Iron and steel Non-metal products Metal products Machinery El
Slide 50: Swap Positions by Remaining Periods
RHD Swap Positions by Remaining Periods Consolidated Notional amounts of interest rate swaps (deferred hedge accounting applicable) by remaining period (JPY bn) Sep. 30, 2016 Mar. 31, 2016 Within 1 to 5 Over Within 1 to 5 Over Total Total 1 year years 5 years 1 year years 5 years Receive fixed rat
Slide 51: Maturity Ladder of Loan and Deposit (Domestic Operation)
Total of Maturity Ladder of Loan and Deposit (Domestic Operation) Group Banks Loans and Bills Discounted Deposits [End of March 2016] [End of March 2016] Within 6M 6 to 12M 1 to 3Y Over 3Y Total Within 6M 6 to 12M 1 to 3Y Over 3Y Total Fixed rate (1) 1.5% 1.3% 6.7% 11.7% 21.2% Liquid deposits (1) 42
Slide 52: Composition of Loan Portfolio and Deposits (September 30, 2016)
Composition of Loan Portfolio and Deposits Total of (September 30, 2016) Group Banks Loan*1 Deposits*4 Fixed Rate Liquid Fixed Rate deposits 4% 18% 24% Personal Banking Corporate Corporation Bussiness Banking Liquid (JPY11.9 tn) Prime Unit Bussiness deposits 33% Rate (JPY10.5 tn) Unit*2 Market 45% T
Slide 53: Composition of Loan Portfolio by Base Rates
Total of Composition of Loan Portfolio by Base Rates Group Banks Corporate Banking Business Unit*1,2 Fixed Prime Fixed Prime Prime Fixed Rate Rate Rate Rate Rate Rate 28% 31% 28% 30% 28% 29% [September 30, [March 31, [September 30, 2015] 2016] 2016] Market Rate*3 Market Rate*3 Market Rate*3 41% 42%
Slide 54: Composition of Deposits by Types
Total of Composition of Deposits by Types Group Banks Corporate Deposits Time Time Time deposits deposits deposits 23% 22% 21% [September 30, [March 31, [September 30, 2015] 2016] 2016] Liquid deposits Liquid deposits Liquid deposits 74% 72% 74% Individual Deposits Time Time Time deposits deposits d
Slide 55: Migrations of Borrowers (RB, 1H of FY2016)
Migrations of Borrowers (RB, 1H of FY2016) Exposure amount basis *1 End of September 2016 Upward Downward Other Special Effectively Migration Migration Normal Doubtful Bankrupt Other Collection, Assignments, Watch Attention Bankrupt Repayments Sale Normal 98.4% 0.8% 0.1% 0.0% 0.0% 0.0% 0.7% 0.7% 0
Slide 56: Multifaceted Business Relationships: Achievements Measured with KPIs
Multifaceted Business Relationships: Achievements Measured with KPIs (YTD) Primary Index RLCs = Clients to whom the group have achieved the depth of transaction to some extent (Number of customers in thousands) Sep. 30, 2015 Sep. 30, 2016 Change AUM or condominium loan (1) Premier 54 55 (0
Slide 57: Supports to SMEs to Develop Overseas Business
Supports to SMEs to Develop Overseas Business Overseas alliance network has expanded to 17 partner banks covering 14 countries and regions Overseas alliance network expanding from Asia to the US in 2016 Services offered through large number of branches and local expertise Shanghai Representative
Slide 58: CSR
CSR To raise corporate value through contributing to the creation of a sustainable society, we have identified and are engaged in four priority areas – Community, Next Generation, Diversity and Environment Community “Re: Heart Club” (Employee volunteer group) joined various community activities [“
Slide 59: Advanced Corporate Governance
Advanced Corporate Governance The first Japanese bank which adopted the three committees-based corporate governance model in 2003 Majority of the board members are independent outside directors who possess wide range of knowledge and can contribute diverse opinions. Fixed percentage of executi
Slide 60: List of Preferred Shares and Subordinated Bonds
List of Preferred Shares and Subordinated Bonds (Jan. 31, 2017) Preferred Shares Class 5 Preferred Shares Original issue date (1) 8/28/2007 Current number of shares (2) 4,000,000 shares Issue price per share (3) JPY 25,000 Total issue amount remaining at present (4) JPY 100.0 Billion Original total
Slide 61: Responses to the Ongoing International Discussion over Further Tightening of Financial Regulation
Responses to the Ongoing International Discussion over Further Tightening of Financial Regulation Major items of financial regulation being discussed internationally For many items, international rules will be finalized hereafter and local authorities will start working on domestic rules. Major re
Slide 62: Outline of Eligible Capital under the Japanese Domestic Std.
Outline of Eligible Capital under the Japanese Domestic Std. Subordinated debts, preferred securities and non-convertible preferred shares*1 Subordinated debts and preferred securities issued under the Basel 2 can be fully included in Core Capital as of the end of March 2014. These grandfatherin
Slide 63: BOJ Current Account Balances
BOJ Current Account Balances Monthly average balance of BOJ current account (16 January-15 February) Total of institutions subject to the complementary City banks including deposit facility Resona Bank and Saitama Resona Bank JPY318.0 tn JPY121.5 tn The outstanding balance of current account at the
Slide 64: Long Term Business Results
Long Term Business Results (JPY bn) FY2002 FY2003 FY2004 FY2005 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 1H FY2016 Gross operating profit 901.8 775.0 763.1 768.6 805.2 769.3 739.5 678.3 667.0 655.2 637.1 608.5 632.4 619.5 298.0 Net interest income 599.1 561.2 542.3 549.8
Slide 65: Trend of Long-term Senior Debt Rating of Resona Bank
Trend of Long-term Senior Debt Rating of Resona Bank S&P Moody's R&I 2003 2004 2005 2006 2007 2011 2017 JCR A1 A+ R&I JCR S&P A2 A Moody's A3 A- Baa1 BBB+ Baa2 BBB Baa3 BBB- Ba1 BB+ 64
Slide 66: Composition of Resona HD's Common Shareholders
Composition of Resona HD’s Common Shareholders 2.26% 5.03% 3.96% 3.69% Other 8.96% 6.08% 6.09% 6.09% Corporations 2 0 .01% 2 0 .01% 20 .01% 6.35% 15.68% 15.48% 15.56% Individuals, etc. 41.95% DIC 5.83% 4.34% 4.58% 16.51% 5 0 .11% 7.39% 6.84% 6.50% 19.72% 27.92% Financial 22.23% 21.56% 31.29% 32.27%
Slide 67: Macro Economic Trend
Reference Material Macro Economic Trend 66
Slide 68: Actual and Forecast of Real GDP Growth Rate
Actual and Forecast of Real GDP Growth Rate GDP Components*1 (JPY tn) Private Consumpton Private Investment *2 Public Demand *2 Net Exports 550 131.2 450 350 97.8 250 150 297.0 50 (2.3) 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q (50) 2
Slide 69: Overall Economy in Japan (1)
0% 20% 40% 60% 80% 2003 Jul. - Sep. 2004 Jul. - Sep. 2005 Jul. - Sep. 2006 Jul. - Sep. 2007 Jul. - Sep. 2008 Jul. - Sep. 2009 Jul. - Sep. 2010 Jul. - Sep. 2011 Jul. - Sep. 2012 Jul. - Sep. at 10M-100M(Y)》 2013 Jul. - Sep. 《Companies capitalized 2014 Jul. - Sep. 2015 Jul. - Sep. 4 0 8 0 1 2 1 6 0 % %
Slide 70: Overall Economy in Japan (2)
Overall Economy in Japan (2) Enterprise Bankruptcy*1 (JPY bn) Total Debt (Construction/Real Estate Industries) (Number of cases) Total Debt (other) 1,500 2,500 Number of Bankrupt Case (right scale) 2,000 1,300 1,500 1,100 1,000 900 500 700 0 500 '08/3 '08/9* '09/3 '09/9 '10/3 '10/9 '11/3 '11/9 '12/3
Slide 71: Employment
Employment Active job openings-to-applicants ratio*1 Wage / Salary*2 (times) (JPY thousand) 310 1.4 1.2 300 1.0 0.8 290 0.6 0.4 280 0.2 0.0 270 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 '07/1 '08/1 '09/1 '10/1 '11/1 '12/1 '13/1 '14/1 '15/1 '16/1 *1. Source: Mini
Slide 72: Exchange Rate / Corporate Earnings
Exchange Rate / Corporate Earnings Exchange Rate(USD / JPY)*1 Ordinary Profit for Japanese Corporations*2 (JPY) (JPY tn) 125 70 120 60 115 110 50 105 40 100 30 95 90 20 85 10 80 75 0 2003/1/6 2003/6/2 2006/4/6 2009/7/9 2011/3/1 2013/8/6 2014/1/6 2014/6/3 2003/10/24 2007/11/16 2011/12/21 2012/10/11 2
Slide 73: Aging of Japan's Population
Aging of Japan’s Population (Population Trends by Age / Actuals and Estimates)*1 Population Trends by Age Groups (mn individuals) 140 75 and above 65 to 74 120 under 65 100 80 60 40 20 0 1950 1955 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015 2020 2025 *1. Source: National Institute of
Slide 74: Sales of Investment Trusts and Insurance
Sales of Investment Trusts and Insurance Demand for investment products has been increasing, and the ratio sold by banks has surged due to deregulation As customers buying life insurance through banks are still limited, there is a sizeable room for future expansion Total Net Assets of Investment
Slide 75: Housing Data
Housing Data New Housing Construction Starts*1 (10 thousands units) Houses for lent Own houses, condominiums, etc 129 104 104 54 99 89 92 88 82 84 43 44 78 37 32 36 38 29 29 31 75 60 59 55 57 62 53 52 54 46 FY2006 FY2007 FY2008 FY2009 FY2010 FY2011 FY2012 FY2013 FY2014 FY2015 *1. Source: Ministry of
Slide 76: Our Website Information
Our Website Information http://www.resona-gr.co.jp/holdings/english/ Materials for investors are available from here Official You Tube (in Japanese language) http://www.youtube.com/user/ResonaGroup Official Facebook account Official Twitter account (in Japanese language) (in Japanese language ) ht
Slide 77: Proactively Communicating with Our Shareholders and Investors
Proactively Communicating with Our Shareholders and Investors Publication of Integrated Report 2016 of Resona Group http://www.resona-gr.co.jp/holdings/english/investors/financial/integrated/index.html Integrated Report explains in a simple manner to all stakeholders the Resona Group’s strengths and
Slide 78: Forward-looking statements
The forward-looking statements contained in this presentation may be subject to material change due to the following factors. These factors may include changes in the level of stock price in Japan, any development and change related to the government’s policies, laws, business practices and their in