Japan Post Bank Co., Ltd. · TSE:7182

Japan Post Bank — FY2023 Earnings Presentation

36 slides from Japan Post Bank's earnings presentation, May 15, 2024

  1. Slide 1: BP p55 c8hiT

    2024 3 2024 5 15 BP p55 c8hiT

  2. Slide 2: Contents

    P. 2 P.17 P. 3 P.18 P. 4 P.19 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.28 2024 P.29 P.12 P.30 P.13 P.31 P.14 P.31 P.15 P.32 P.33 JP 11 ATM JP

  3. Slide 3: BP ps5 48ht7 [

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  4. Slide 4: Summary of results

     3,561 310 9.5% 2022 2023  1 10,563 7,336 3,226 806 2 7,963 7,157 806 52 3 1,478 1,530 52 4 1,121 1,351 2,472 2,472  5 2,000 1,174 3,174 28 6 880 156 724  7 9,263 9,291 28 8 0 0 3,660 9 1,300 1,955 3,255  404 10 3,255 6,916 3,660 4,700 105.5% 11 4,555 4,960 404  3,350 106.3% 12 3,250 3,561 310

  5. Slide 5: Net interest income and profit

     2023 695 7,155 0.30%  2022 2023 1.2% 11,475 12,000 7,851 7,155 695 12,324 13,969 1,645 1.0% 9,768 9,618 10,000 2,354 1,902 452 9,176 11,134 1,957 1 1,829 1,304 524 0.8% 7,851 8,000 4,472 6,813 2,341 7,155 0.6% 6,000 0.52% 4,000 3,294 0.47% 0.45% 2 3,000 2,164 1,915 1,465 0.4% 0.34% 4,000 2,000 1

  6. Slide 6: ATM and KPI

     2023 51 1,515 ATM 2022 2023 1,463 1,515 1,500 1,463 1,515 51 1,288 1,279 1,274 104 127 118 122 85 97 72 911 892 19 217 146 136 328 373 ATM 328 373 44 1,000 201 227 190 118 122 3 104 127 23 500 911 794 834 837 892 0 2019 2020 2021 2022 2023 2022 2023 5,772 7,799 2,027 2,473 4,357 1,884 KPI KPI 1,50

  7. Slide 7: Deposits

     2023 26 9,248 11,000 2022 2023 1 1,137 1,113 24 924 902 22 7,729 7,786 57 10,183 10,080 3,400 3,160 240 10,000 9,790 2,307 2,436 129 275 279 4 9,221 9,248 341 424 83 136 172 35 9,000 354 348 5 9,221 9,248 26 2 2021 2025 2023 2025 0 8,000 2019 2020 2021 2022 2023 2020 815 690 1 2

  8. Slide 8: Securities investment income

     2023 233.8  2023 192.8 124.3 68.3 233.8 2023 200 193.4 194.9 192.8 189.5 146.4 150 101.3 112.2 119.6 124.3 43.8 192.8 86.6 100 50 88.1 87.3 81.0 75.2 31.3 68.3 6.1 6.8 0 9.6 2020 2021 2022 2023

  9. Slide 9: Asset management portfolio

     2023 5.7 43.8 86.6 250 2022 2023 % % 229.6 226.3 231.0 220.5 1 1,327,694 58.6 1,464,593 63.3 136,899 13.2 13.7 207.5 11.5 13.1 2 381,147 16.8 438,620 18.9 57,473 200 11.3 1 57.8 3 162,974 7.1 159,923 6.9 3,050 66.6 68.2 60.6 51.4 4 783,572 34.6 866,048 37.4 82,475 6.8 150 4.4 6.1 5 261,390 11.5 29

  10. Slide 10: Unrealized gains and losses

     2023 1,224 915 2023 5,564 6,789 2022 2023 1 1,127,660 11,173 1,155,280 19,475 8,302 2 1,062,012 12,161 1,093,644 34,589 22,428 3 230,721 4,238 233,129 8,815 4,576 4 223,652 14,761 224,085 33,930 19,169 5 521,102 1,840 571,560 9,881 8,041 6 86,536 201 64,869 407 205 7 13,060 22,562 9,501 8 65,647 1

  11. Slide 11: Capital adequacy ratio

     2023 15.01% Tier1 13.39% % 30 2022 2023 92,244 93,259 1,015 593,951 621,190 27,238 569,382 600,350 30,967 20 15.58 15.53 15.56 15.53 15.53 15.01 0.51 15.01 % 10 10% 2022 2023 2021 2025 14.28 13.39 0.88 4% 14.01 13.23 0.78 0 2019 2020 2021 2022 2023 2023

  12. Slide 12: KPI

    KPI 120 16 114 KPI 107.4 14 99.4 14 100 94.9 12.1 91.1 10.1 6.4 2.6 1.5 12 12.1 84.8 4.2 2.3 2.9 2.8 2.6 1.0 3.3 2.6 2.6 80 2.2 10.1 2.2 10 0.8 4.3 60 8 3.5 78.0 6.4 68.2 69.8 71.3 63.4 6 0.6 40 4.2 2.6 4 0.4 3.3 6.7 0.4 1.5 5.6 1.1 20 2 1.0 1.0 3.2 7.5 7.5 7.4 7.3 7.4 2.2 1.7 5.9 5.4 5.5 5.6 5.6 0

  13. Slide 13: BP ps5 48ht7 [

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  14. Slide 14: FY2024 earnings forecast

     2024 5,250 3,650 2  2024 1 2023 2023 2024 2023 2023 2024  2024 3 2 12,600 12,678 13,120  3 2024 3 1,530 1,530 1,500  2024 3 9,440 9,278 9,360 1 2 2024 3 4,700 4,960 5,250 3 3,350 3,561 3,650

  15. Slide 15: Forecast and targets

     2023 1 1 51  2024 1 2021 2025 2023 1 52 51.5% 2021 2025 2023 2024  2021 2025 51 52 50% 51 52  50 60% 1 2021 1,844 1,881 51.8% 51.5%   2024 5 15 2024 2025 2 2024

  16. Slide 16: IG HY

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  17. Slide 17: BP p55s88T [

    = 2025 2025 4,000 BP p55s88T [

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  19. Slide 19: Balance sheet data

    2022 2023 2022 2023 68,217,495 57,701,930 10,515,565 194,951,503 192,802,939 2,148,563 2,460,000 2,010,000 450,000 18,316,621 24,042,626 5,726,004 9,788,452 9,742,621 45,830 1,941,872 2,373,799 431,926 250,241 250,241 1,632,600 1,984,900 352,300 478,286 515,606 37,319 1,411 1,273 138 19 54 35 2,891,

  20. Slide 20: Income statement data

    2022 2023 2022 2023 1,042,610 728,933 313,676 1,188 1,903 715 785,114 715,544 69,570 312 1,692 1,379 146,354 151,529 5,175 875 210 664 111,140 138,140 249,280 447,054 492,916 45,861 199,045 120,470 319,516 145,782 144,901 880 88,083 15,676 72,406 23,334 6,288 17,045 923,664 926,221 2,556 122,447 138

  21. Slide 21: Interest income data

    2022 2023 276,171 244,663 31,508 307,787 272,051 35,736 235,493 190,288 45,204 31,615 27,387 4,228 2022 2023 508,942 470,880 38,062 925,669 1,123,504 197,835 917,648 1,113,437 195,788 416,726 652,624 235,897 2022 2023 785,114 715,544 69,570 1,232,408 1,396,938 164,529 447,294 681,394 234,100 1 2 202

  22. Slide 22: Yields and rates

    % 2022 2023 0.56 0.62 0.06 0.65 0.75 0.10 0.21 0.32 0.10 0.09 0.12 0.03 0.34 0.30 0.04

  23. Slide 23: Yields on assets and liabilities

    % 2022 2023 210,210,806 307,787 0.14 212,267,371 272,051 0.12 0.01 5,179,919 9,589 0.18 5,884,730 9,516 0.16 0.02 63,733,361 272,085 0.42 60,455,794 230,430 0.38 0.04 63,294,696 27,549 0.04 62,868,714 34,730 0.05 0.01 204,217,396 31,615 0.01 206,379,881 27,387 0.01 0.00 194,561,694 12,963 0.00 194,8

  24. Slide 24: Yields and spreads

    % 2022 2023 219,606,759 1,232,408 0.56 221,859,893 1,396,938 0.62 0.06 5,210,170 9,750 0.18 5,913,193 9,676 0.16 0.02 140,096,612 1,189,734 0.84 141,834,897 1,343,868 0.94 0.09 63,294,696 27,549 0.04 62,868,714 34,730 0.05 0.01 210,337,804 447,294 0.21 211,798,933 681,394 0.32 0.10 194,561,694 12,96

  25. Slide 25: Asset breakdown

    % 2022 2023 68,283,567 30.16 57,872,310 25.04 10,411,256 2,460,000 1.08 2,010,000 0.86 450,000 9,788,452 4.32 9,742,621 4.21 45,830 250,241 0.11 250,241 6,564,738 2.89 6,163,585 2.66 401,152 1,857,660 0.82 1,127,552 0.48 730,108 1,270,609 0.56 1,210,849 0.52 59,759 132,769,420 58.64 146,459,322 63.3

  26. Slide 26: Supplementary financial data

    2022 2023 214,011 122,475 91,536 2022 2023 18,827 18,927 99 31,110,108 443,394 29,210,352 921,095 1,899,756 477,700 23,072,127 423,816 23,312,956 881,501 240,828 457,684 2,059,206 2,210 1,334,299 2,956 724,906 5,167 1,400,895 891,924 508,971 4,577,878 21,788 3,671,172 36,637 906,706 14,848 75,072,34

  27. Slide 27: Securities data

    2022 2023 6,564,738 1,207,209 6,163,585 744,794 401,152 462,414 1,857,660 1,104,910 1,127,552 732,729 730,108 372,181 1,270,609 58,856 1,210,849 86,482 59,759 27,626 1 2 2023 378 2022 3,195 2022 2023 8,888,437 47,645 8,549,838 67,838 338,598 115,484 9,189,575 855,658 8,803,258 1,892,890 386,317 1,03

  28. Slide 28: Expense breakdown

    % 2022 2023 113,767 12.33 111,300 12.03 2,466 92,479 10.02 90,211 9.75 2,268 21,288 2.30 21,089 2.28 198 772,942 83.81 778,688 84.19 5,746 340,055 36.87 316,043 34.17 24,011 230,710 25.01 243,628 26.34 12,917 27,514 2.98 27,925 3.01 410 10,778 1.16 10,496 1.13 282 66,702 7.23 69,598 7.52 2,895 34,10

  29. Slide 29: Liabilities breakdown

    % 2022 2023 5,571,866 100.00 6,828,393 100.00 1,256,526 114,676 2.05 144,420 2.11 29,744 98,563 1.76 79,832 1.16 18,731 38,585 0.69 54,001 0.79 15,416 477,763 8.57 415,182 6.08 62,581 113,654 2.03 121,101 1.77 7,446 74,825 1.34 72,422 1.06 2,402 4,573,378 82.07 5,868,195 85.93 1,294,817 80,419 1.44

  30. Slide 30: Deposits breakdown

    % 2022 2023 119,611,343 61.35 124,314,467 64.47 4,703,124 12,710,600 6.51 12,694,358 6.58 16,241 106,132,120 54.44 110,801,852 57.46 4,669,731 768,622 0.39 818,257 0.42 49,634 75,217,326 38.58 68,379,585 35.46 6,837,740 3,307,143 1.69 3,581,797 1.85 274,653 71,910,183 36.88 64,797,788 33.60 7,112,39

  31. Slide 31: Supplementary data

    2022 2023 134,713 132,053 2,660 130,000 130,000 427 1,086 659 4,089 2,674 1,415 138,375 3,641 134,734 2022 2023 6,115 6,031 84 6,676 6,568 108 942 942 0 217 28 245 1,415 1,415 129 92 221 % 2022 2023 0.7 0.7 0.0

  32. Slide 32: Income detail

    2022 2023 377,403 662,128 284,725 0 0 0 42,377 40,927 1,449 5,354 4,191 1,163 277,262 558,966 281,703 16,738 15,603 1,134 5,918 7,784 1,866 3,614 1,315 2,299 26,137 33,340 7,203 351,158 603,278 252,120 343,998 599,385 255,387 7,160 3,893 3,266 26,245 58,850 32,605

  33. Slide 33: Additional data

    % 2022 2023 0 0 0 0 0 0 5,731,893 7,032,687 1,300,793 5,731,893 7,032,687 1,300,793 0.00 0.00 0.00 2022 2023 1,033 1,066 33 273 282 9 759 784 24

  34. Slide 34: Capital adequacy details

    % 2022 2023 9,272,542 9,385,342 112,800 55,580 63,604 8,023 9,216,961 9,321,737 104,776 59,383,662 62,104,150 2,720,487 56,934,898 60,030,558 3,095,660 8 2,448,764 2,073,591 375,172 8 15.52 15.00 0.51 % 2022 2023 9,280,410 9,389,942 109,531 56,003 64,032 8,029 9,224,407 9,325,909 101,502 59,395,184

  35. Slide 35: Securitized products

    SPE 2022 2023 RMBS 1,274,002 11,695 1,188,174 34,502 350,366 10,365 354,848 18,913 923,635 1,330 833,326 15,588 CLO 288,156 111 325,031 420 CMBS CDO 561 11 483 7 1,562,720 11,795 1,513,688 34,915 RMBS 27,906 3,161 21,302 4,799 CLO 2,326,005 293,625 2,765,100 649,484 1,408,606 106,062 2,020,261 363,9

  36. Slide 36: BP ps5 48ht7 I

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Japan Post Bank — FY2023 Earnings Presentation on 6ix