Japan Post Bank Co., Ltd. · TSE:7182

Japan Post Bank — H1 FY2021 Earnings Presentation

53 slides from Japan Post Bank's earnings presentation, Nov 20, 2020

  1. Slide 1: Fiscal 2021 Interim Results Briefing

    BP ps5aeintt BANK 2021 3 2020 11 20

  2. Slide 2: Summary of results and forecasts

    1,242 2.8 2.9 15.73% 0.17%pt 3,750 2,750 2,700 2,000 1 50 2021 2025 2021 2025 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 1

  3. Slide 3: Contents

    1. 20 P.3 2. P.23 vs Appendix P.31 ESG CSR P.41 2021 2025 JP 2 ATM JP Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 2

  4. Slide 4: 1. Interim results

    1. 20 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 3

  5. Slide 5: Results overview

    2. 1. Appendix p.9 1,242 3 p.12 218.9 11.4 46.0% 1 139.2 4.0 1,720 52.8 0.7 45.8% 1 70.2 4.5 1 2,000 2,700 3 1,207,652 68,082 2,750 3,750 3 p.13 893,512 44,807 1,239 207 677,482 43,458 35,565 2,469 1,718 292 4 19,301 1,882 p.10 4,211 807 12,608 1,667 2,743 634 468 1,231 1,467 172 p.17 644 10 3,187 1

  6. Slide 6: Balance sheet summary

    2. 1. Appendix 19 20 20/3 20/9 6,782 6,703 79 2,109,051 2,222,908 113,856 5,018 4,211 807 516,639 563,076 46,437 654 644 10 10,400 9,300 1,100 97,318 101,720 4,401 1,109 1,847 737 45,497 51,914 6,416 1,078 1,721 643 1,351,984 1,392,973 40,988 53 126 73 49,617 68,707 19,089 5,146 5,043 103 2,019,175

  7. Slide 7: Profitability and ROE

    2. 1. Appendix 20 19 ROE 2.68% 2.46% 0.21%pt 2,730 1,239 2 101,692 100,179 ROE 3.02% 2.72% 0.30%pt 2,730 1,239 2 90,159 90,738 OHR 77.63% 75.23% 2.39%pt 10,202 5,043 13,142 6,703 0.64% 0.51% 0.12%pt 0.47% 0.39% 0.07%pt 0.64% 0.51% 0.17% 0.11% Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved

  8. Slide 8: Capital adequacy ratio

    2. 1. Appendix 20 9 15.73% 0.17%pt % 40 20/3 20/9 (A) 89,325 90,579 1,254 574,072 575,766 1,693 30 (B) 547,750 550,073 2,322 22.22 15.55% 15.73% 0.17%pt (A) (B) 20 17.42 15.78 15.55 15.73 20/3 20/9 10 (A) 89,420 90,711 1,291 573,908 575,663 1,755 (B) 547,588 549,973 2,384 0 17/3 3 2017 18/3 3 2018 1

  9. Slide 9: Interest rates

    2. 1. Appendix 18/3 20/10 3.6 10 20/4 20/9 3.2 2.8 2.74 2.41 2.56 5 2.4 $LIBOR3M 2.23 2.0 1.6 1.2 20 0.70 0.8 0.52 0.69 0.34 0.37 0.40 0.4 10 0.28 LIBOR3M 0.31 0.04 0.08 0.03 0.03 0.0 0.13 0.18 0.13 0.14 2 0.4 18/3 18/9 19/3 19/9 20/3 20/9 20/10 / Copyright © JAPAN POST BANK CO., LTD. All Rights Res

  10. Slide 10: Net income

    2. 1. Appendix 1,720 1,242 206 20 19 20 19 365 6,485 12,670 6,072 412 310 654 1,288 644 10 5,141 10,195 5,037 103 43 19 2,011 3,791 1,720 291 1,448 2,734 1,242 206 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 9

  11. Slide 11: Net interest income and yields

    2. 1. Appendix 20 4,211 0.39% 807 1.2% 15,000 19 20 3,377 2,743 634 1.0% 12,235 12,500 3,782 3,088 694 11,756 2,277 1,912 365 10,161 0.8% 9,768 10,000 405 345 59 0.60% 19 20 0.57% 0.6% 7,500 0.49% 0.47% 1,640 1,467 172 6,293 6,180 0.39% 0.4% 5,000 3,865 3,070 794 5,491 5,018 3,855 3,067 787 4,211 2,

  12. Slide 12: Securities portfolio

    2. 1. Appendix 20 9 2.8 2.9 p.27 20/3 20/9 241,707 4,908 254,976 3,760 1,148 20/3 20/9 1,159,361 3,706 1,193,134 32,977 29,271 1,113,864 7,515 1,141,219 17,800 25,316 325,979 7,942 311,003 6,751 1,190 237,068 4,294 231,949 5,721 1,427 419,010 20,404 469,672 4,692 25,096 131,806 651 128,594 635 16 3,

  13. Slide 13: Asset composition

    2. 1. Appendix 20 9 218.9 11.4 20/3 20/9 % % 1,351,984 65.1 1,392,973 63.6 40,988 11.4 536,361 25.8 528,363 24.1 7,997 5.2 1 159,048 7.6 162,427 7.4 3,379 656,575 31.6 702,181 32.0 45,605 52.8 56.1 24.1 237,068 11.4 231,949 10.5 5,119 25.6 2 419,010 20.1 469,672 21.4 50,662 6.8 218.9 3.1 45,497 2.1

  14. Slide 14: Risk asset trends

    2. 1. Appendix 20 9 1 89.3 4.4 5.0 2 3.5 0.2 1 2 100 89.3 90 84.8 81.9 3.5 79.0 3.3 80 2.9 1.6 71.5 70 0.6 62.9 60 49.7 67.7 50 57.9 60.1 63.4 HF 38.9 52.3 40 45.4 33.0 32.9 30 22.7 15.7 20 1.5 2.5 2.8 2.4 1.6 2.2 2.2 2.2 2.2 2.2 2.7 PE 3.9 3.0 2.7 2.5 2.2 2.2 2.4 10 5.9 5.9 6.2 6.8 7.7 7.9 7.8 7.5

  15. Slide 15: Credit ratings of holdings

    2. 1. Appendix EXP 85% A 95% EXP EXP EXP BBB 0.20% 0.15% 0.04% 1.54% 1.03% BB BB 0.01% 0.28% 0.06% 4.86% 1.24% BBB 0.10% 9.90% 10.04% 22.23% 1.08% A 9.19% 19.45% 65.86% 67.79% 10.80% 0.69% A 85.23% 20 9 206 1 2 3 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 14

  16. Slide 16: Securities and valuation gains

    2. 1. Appendix 20/3 20/9 19 20 1,139,569 1,207,652 68,082 571,866 642,853 70,986 197.4 3,767 203.1 1,679 567,703 564,799 2,903 114.0 4,805 116.0 2,600 848,705 893,512 44,807 59,863 56,658 3,204 ― 7,743 ― 4,101 75,944 72,028 3,916 ― 2,937 ― 1,501 634,023 677,482 43,458 83.4 8,573 87.1 4,279 22,917 24

  17. Slide 17: Yen and foreign bond trends

    2. 1. Appendix 20 9 187.4 4.4 190 20/3 20/9 187.4 87.5 95.2 7.7 183.0 181.9 180.9 179.8 7.7 8.2 0.5 180 79.3 86.5 7.1 0.5 0.5 0.0 170 95.2 92.0 3.2 5.2 4.9 0.2 160 90.0 87.0 2.9 0.1 0.1 0.0 183.0 187.4 4.4 150 0 18/33 2018 19/33 2019 20/33 2020 2019 19/99 2020 20/99 Copyright © JAPAN POST BANK CO.,

  18. Slide 18: Fee income and ATM

    2. 1. Appendix 20 644 10 19 20 1,400 1,288 654 644 10 1,200 1,067 399 419 19 20 4 964 58 62 4 1,000 ATM 92 102 10 ATM 800 118 73 45 600 654 644 2 1 1 529 8 8 0 400 471 23 21 1 200 5 6 0 3 12 8 0 17 18 19 20 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 17

  19. Slide 19: Customer and deposit trends

    2. 1. Appendix 10,000 8,910 3,500 3,170 3,000 70 8,000 6,914 2,500 2,303 6,000 19 9 2,000 4,000 4,656 1,500 1,729 4,227 1,471 1,000 2,000 1,028 500 1,312 0 0 18 19/3 19 20/3 20 21/3 18 19/3 19 20/3 20 21/3 26,000 25,534 24,252 1,250 24,000 1,204 22,859 23,017 1,200 1,185 1,168 22,000 1,150 20,000 1,

  20. Slide 20: ATM and Pay services

    2. 1. Appendix ATM Pay ATM ATM No.1 mijica Visa mijica ATM 32,000 mijica ATM 5,300 mijica mijica 1,300 mijica 20 9 Pay 20 mijica Pay 550 PR mijica ― 2 19 5 8 17 20 9 30 Pay mijica Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 19

  21. Slide 21: Expenses

    2. 1. Appendix 20 5,033 103 19 20 12,000 10,428 10,353 10,183 603 584 18 10,000 495 479 16 4,276 4,180 95 8,000 1,891 1,872 19 6,000 1,189 1,187 2 5,211 5,208 5,136 5,033 297 287 10 4,000 102 58 43 19 2,000 256 267 10 5,136 5,033 103 0 17 18 19 20 Copyright © JAPAN POST BANK CO., LTD. All Rights Res

  22. Slide 22: Expenses and employees

    2. 1. Appendix 2,000 1 1 17/4/1 9,000 8,619 500 20/4/1 8,246 2 1,900 7,881 450 8,000 2,000 7,484 6,940 400 2,500 7,000 3 346 6,483 350 358 600 345 6,000 300 287 300 5,000 241 5,266 5,234 5,205 250 4,946 4 4,728 4,731 4,000 200 15/4/1 16/4/1 17/4/1 18/4/1 19/4/1 20/4/1 9 00 16 00 1 18,878 18,618 18,3

  23. Slide 23: Appendix

    2. 1. Appendix Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 22

  24. Slide 24: 2. Forecasts

    2. Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 23

  25. Slide 25: Full-year forecast

    2. 1. Appendix 46.0% 20 19 20 20 20.5.15 20.11.13 1 12,670 6,072 11,800 12,650 850 p.25 27 1,288 644 1,300 1,300 ― 10,195 5,037 10,400 10,300 100 2 1,720 3,791 2,750 3,750 1,000 45.8% 2 1,242 2,734 2,000 2,700 700 46.0% 1 2 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 24

  26. Slide 26: Shareholder returns and buyback

    2. vs 1. Appendix 20.5.15 20.11.13 19 605 4,000 20 2,100 3,900 3,791 3,750 50 450 0 100 20 2,100 3,000 20 800 10 2,750 2,750 200 1,300 1,500 630 2,000 850 1 870 2,700 2,800 2,734 1,000 2,000 2,000 1 0 19 20 20 20 20 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 25

  27. Slide 27: Appendix

    2. 1. Appendix 2 9 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 26

  28. Slide 28: Market environment

    2. 1. Appendix 20 9 20 9 (%) (bp) 0.6 500 0.42 0.5 (20/10) 0.41 0.40 0.4 400 0.33 0.3 0.2 0.04 I 300 272 0.1 20Y (20/10) G 0.02 200 0.0 136 0.03 0.02 0.1 150 100 125 (20/10) 0.2 IG 10Y 0.3 0 19/3 19/6 19/9 19/12 20/3 20/6 20/9 20/12 21/3 19/3 19/6 19/9 19/12 20/3 20/6 20/9 20/12 21/3 (%) / / (bp) 3.

  29. Slide 29: Risk asset allocation

    2. 1. Appendix 1 2 90 100 6 89.3 90 84.8 81.9 3.5 4 5 79.0 3.3 80 1.6 2.9 5 71.5 70 0.6 62.9 4 60 3.5 49.7 67.7 3.3 0.3 50 57.9 60.1 63.4 3 0.3 0.0 2.9 HF 38.9 52.3 0.0 0.1 40 45.4 1.2 33.0 0.9 32.9 1.0 30 2 22.7 1.6 15.7 0.6 20 1.5 2.5 2.8 2.4 1.6 2.2 2.2 2.2 2.2 2.2 2.7 1 0.8 3.9 3.0 2.7 2.5 2.2 2

  30. Slide 30: Fee income trends

    2. 1. Appendix 20 1,300 100 9,900 19 10 1,400 12,000 1,288 10,350 10,250 1,200 9,950 10,000 1,067 1,000 964 8,000 10,050 800 17 644 6,000 1,300 300 600 1,254 4,900 9,900 17 30% 4,000 400 10,000 200 2,000 0 0 17 18 19 20 20 20 17 18 19 20 20 20 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserve

  31. Slide 31: Medium-term plan 2021-2025

    2. 1. Appendix 20 1 20 1 50 19 20 20.5.15 20.11.13 50 a 50 25 25 50 1,874 a 1,874 68.5% a 69.4% 20 1 50 1 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 30

  32. Slide 32: Appendix

    Appendix Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 31

  33. Slide 33: ESG and CSR initiatives

    2. ESG CSR 1. Appendix 20 4 ESG ESG CSR ESG CSR E S G C S R 4 10 ESG 20.4 ESG 20 10 Web Web https://www.jp-bank.japanpost.jp/aboutus/csr/vplist/abt_csr_vpl_index.html Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 32

  34. Slide 34: ESG and SDGs

    2. ESG CSR 1. Appendix 4 SDGs SDGs SDGs SDGs TCFD Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 33

  35. Slide 35: Environment: TCFD

    2. ESG CSR E 1. Appendix 19 4 TCFD TCFD 19 4 TCFD TCFD ESG TCFD TCFD ESG ( 20 3 3,379 ) ( 20 3 1,300 ) 20 10 ESG CO2 20 09 25% Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 34

  36. Slide 36: Social: ATM and community

    2. ESG CSR S 1. Appendix ATM ATM ESG 20 10 ATM ATM 1 16 20 10 16 7 1 ATM ATM 2 20 9 ATM 31 109 30 28 3 100 91 30 10 68 23 20 18 6 50 48 20 2 ATM 12 11 10 68 79 ATM 9 19 48 3 37 3 19 0 0 17/3 18/3 19/3 20/3 20/10 17/3 18/3 19/3 20/3 20/10 ( / ) PFI 11 20 4 PFI PFI 20 7 2 PFI 20 10 Copyright © JAPAN P

  37. Slide 37: Social: BCP and workforce

    2. ESG CSR S 1. Appendix 1 BCP 19 1 139 192 1 13 456 98.9% 2 96.2% 8 20 2 6 1 2 12 100 1,2 1,3 9.8 19 18.7 19 1 15.3% 20 4 1 2 14.2% 20 7 1 3 15 20 Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 36

  38. Slide 38: Governance

    2. ESG CSR G 1. Appendix (20 7 1 ) 20 2 1 「『やっぱり、ゆうちょ』 「お さま （ と の の ることを、もっと。」 ） 」の Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 37

  39. Slide 39: Governance and customer satisfaction

    2. ESG CSR G 1. Appendix CS NPO MS&AD 20 7 1 19 6 18 20 6 15 12 98.01% Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 38

  40. Slide 40: ESG ratings and external recognition

    ESG CSR 1. 2. Appendix ESG SRI MSCI WIN Euronext Vigeo Eiris World 120 Index MSCI VigeoEiris 120 THE INCLUSION OF JAPAN POST BANK CO., LTD. IN ANY MSCI INDEX, AND THE USE OF MSCI LOGOS, TRADEMARKS, SERVICE MARKS OR INDEX NAMES HEREIN, DO NOT CONSTITUTE A SPONSORSHIP, ENDORSEMENT OR PROMOTION OF JAPA

  41. Slide 41: Financial data

    2. 1. Appendix JP 20 4 2 5 FP Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 40

  42. Slide 42: Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved.

    Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 41

  43. Slide 43: Financial statements

    2. 1. Appendix 19 20 19 20 678,294 670,304 7,989 109 218 108 501,840 421,118 80,721 109 218 109 65,490 64,480 1,009 0 0 110,963 184,705 73,741 200,985 171,626 29,359 107,860 172,187 64,326 55,417 54,697 720 5,370 12,680 7,310 862 6,999 7,861 514,652 504,336 10,315 56,279 47,697 8,581 61,339 59,480 1

  44. Slide 44: Balance sheet details

    2. 1. Appendix 20/3 20/9 20/3 20/9 51,663,901 56,307,680 4,643,778 183,004,733 187,427,295 4,422,562 1,040,000 930,000 110,000 14,855,624 15,656,797 801,172 9,731,897 10,172,035 440,137 2,219,384 1,800,642 418,742 112,491 26,422 86,069 110,417 110,417 315,812 284,219 31,593 10,100 3,957,340 3,947,24

  45. Slide 45: Securities gains and losses

    2. 1. Appendix % 19 20 197,309,717 378,281 0.38 202,473,730 308,862 0.30 0.07 5,063,261 5,625 0.22 6,520,493 5,024 0.15 0.06 73,052,033 262,889 0.71 71,216,281 216,354 0.60 0.11 52,923,230 14,522 0.05 54,096,198 15,507 0.05 0.00 189,969,911 40,518 0.04 195,336,889 34,523 0.03 0.00 182,623,839 28,952

  46. Slide 46: Loans and deposits details

    2. 1. Appendix % 19 20 % 202,377,177 667,413 0.65 208,470,432 542,152 0.51 0.13 5,070,392 5,643 0.22 6,542,458 5,083 0.15 0.06 134,642,604 648,456 0.96 137,525,324 523,133 0.75 0.20 52,925,757 14,552 0.05 54,096,198 15,507 0.05 0.00 194,967,339 165,573 0.16 201,708,472 121,033 0.11 0.04 182,623,839

  47. Slide 47: Securities by type

    2. 1. Appendix 20/3 20/9 21,038,148 475,518 21,736,092 360,243 697,943 115,274 1,146,788 1,665 1,453,605 2,952 306,817 1,287 1,985,771 13,654 2,307,909 12,839 322,137 815 24,170,708 490,838 25,497,607 376,035 1,326,899 114,802 20/3 20/9 5 5 45,366,981 857,136 43,578,333 736,799 1,788,648 120,337 32,

  48. Slide 48: Securities details

    2. 1. Appendix 20/3 20/9 4,549,736 813,852 5,191,409 1,153,332 641,673 339,479 1,859,682 816,565 2,171,595 1,154,580 311,912 338,014 1,419,008 893 1,732,798 121 313,789 1,014 1 2 20 23,564 19 9,212 20/3 20/9 8,913,409 458,664 8,493,228 405,097 420,181 53,566 7,426,920 14,041 7,817,548 67,613 390,628

  49. Slide 49: Loan breakdown by industry

    2. 1. Appendix % 19 20 60,368 11.75 58,478 11.61 1,890 49,591 9.65 47,959 9.52 1,632 10,776 2.09 10,518 2.08 258 427,615 83.24 418,069 83.05 9,546 189,162 36.82 187,238 37.19 1,923 118,933 23.15 118,719 23.58 213 29,743 5.79 28,718 5.70 1,025 6,033 1.17 5,799 1.15 233 31,367 6.10 32,468 6.45 1,100 1

  50. Slide 50: Capital ratio calculation

    2. 1. Appendix 20/3 20/9 (A) 8,965,233 9,089,215 123,981 (B) 32,685 31,238 1,447 (A) (B) (C) 8,932,547 9,057,976 125,429 (D) 57,407,276 57,576,640 169,363 54,775,080 55,007,373 232,293 8% 2,632,196 2,569,266 62,929 8% (C) (D) 15.55% 15.73% 0.17%pt 20/3 20/9 (A) 8,974,876 9,102,586 127,709 (B) 32,827

  51. Slide 51: Securitized product holdings

    2. 1. Appendix SPE 20/3 20/9 1,359,705 28,113 AAA 1,357,972 26,442 AAA 173,975 205 AAA 149,554 7 AAA 1,018 37 AAA 970 34 AAA 1,534,699 27,945 1,508,498 26,470 38,546 9,390 AAA 64,511 3,190 AAA 1,767,354 121,935 AAA 1,964,508 79,237 AAA 1,805,900 131,326 2,029,020 82,427 3,340,600 103,380 3,537,518 5

  52. Slide 52: Financial summary

    2. 1. Appendix 15 16 17 18 19 19 20 14,520 14,102 14,623 13,270 6,782 13,142 6,703 1 13,610 12,235 11,756 10,161 5,018 9,768 4,211 911 866 964 1,067 654 1,288 644 2 10,661 10,561 10,450 10,375 5,146 10,202 5,043 ― 0 0 ― ― 0 ― 3,858 3,540 4,173 2,894 1,636 2,939 1,659 961 879 823 848 374 851 58 4,819

  53. Slide 53: Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved.

    Copyright © JAPAN POST BANK CO., LTD. All Rights Reserved. 52

Japan Post Bank — H1 FY2021 Earnings Presentation on 6ix