Japan Post Bank Co., Ltd. · TSE:7182

Japan Post Bank — FY2017 Earnings Presentation

36 slides from Japan Post Bank's earnings presentation, May 15, 2018

  1. Slide 1: BP ps5 a8eiT

    BP ps5 a8eiT 2018 30 3 2018 5 15

  2. Slide 2: Contents

    P. 2 P.15 P. 4 P.16 P. 5 P.17 P. 6 P.17 P. 7 P.18 P. 8 P.20 P. 9 P.21 P.10 P.23 2018 P.11 P.24 P.13 10 P.25 11 P.27 12 P.28 13 P.29 14 P.29 15 P.30 16 P.32 1 2 2017 2016 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved.

  3. Slide 3: BP ps6 48817

    BP ps6 48817

  4. Slide 4: Summary of FY2017 results

    2017  521 1 4,623 20,448 478 1,475 7.7% 4,996 98 575 13.0% 901 3,527 404 12.9%  111 1 450 4,996  3,527 632 4,173 2018  56 3,700 575 4,996 2,600  3,527 404 3,500 100.7% JP 1 SDP ATM  3,527 JP Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 2

  5. Slide 5: Income statement summary

    2017 2016 2017 2016 14,623 14,102 521 2,106,306 2,095,688 10,617 11,756 12,235 478 492,883 512,819 19,936 964 866 98 4,800 4,700 100 1,902 1,000 901 82,241 87,189 4,947 1,949 993 955 42,415 38,179 4,236 64 24 40 1,392,012 1,387,924 4,088 1 10,450 10,561 111 61,455 40,641 20,814 0 0 0 1,991,174 1,977

  6. Slide 6: Net interest income and yields

     2017 1 1,756 0.57% 1.8% 18,000 2017 2016 1.6% 16,000 6,657 8,040 1,382 15,407 14,702 8,520 10,465 1,945 1.4% 13,610 14,000 6,118 7,933 1,814 12,235 1.2% 11,756 12,000 1,862 2,425 562 1.0% 10,000 2017 2016 0.76% 0.8% 0.73% 8,000 5,099 4,195 904 0.66% 0.60% 0.57% 0.6% 6,000 7,321 5,966 1,354 7,303 5

  7. Slide 7: Fees and other income

     2017 98 964 8,000 7,378 2017 2016 1,934 964 866 98 6,000 5,443 591 591 0 4,270 4,000 92 72 19 2,000 190 105 84 90 96 6 0 2015 2016 2017 18,000 1,000 922 907 16,423 16,000 800 600 487 14,000 13,101 400 12,000 11,355 200 0 10,000 0 2015 2016 2017 2015 2016 2017 Copyright © 2018 JAPAN POST BANK CO.,

  8. Slide 8: Expenses

     2017 111 1 428 12,000 2017 2016 11,136 1,264 1,232 32 10,950 11,000 1,033 1,011 22 10,640 10,540 10,428 8,389 8,543 154 10,000 5,981 6,124 143 56 83 26 605 661 56 9,000 774 764 9 10,428 10,540 111 0 8,000 2013 2014 2015 2016 2017 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 6

  9. Slide 9: Securities and asset composition

     2017 62.7 59.2 2017 2016 % % 1,392,012 67.0 1,387,924 66.9 4,088 8.8 4.2% 627,497 30.2 688,049 33.2 60,552 1 171,526 8.2 170,704 8.2 822 592,988 28.5 529,170 25.5 63,818 202,443 9.7 201,434 9.7 1,008 49.3 62.7 23.7% 30.2% 390,426 18.7 327,267 15.7 63,159 6.1 2.9% 42,415 2.0 38,179 1.8 4,236 207.7

  10. Slide 10: Securities portfolio valuation

     2017 3 7,744 2017 2016 314,589 10,035 383,169 14,565 2017 2016 1,122,457 37,699 1,046,092 45,661 1,080,835 19,120 1,007,913 32,821 336,457 11,299 334,875 13,207 202,119 3,753 200,785 13,351 390,426 2,658 327,267 4,350 151,831 1,408 144,985 1,911 5,687 1,853 41,622 12,892 38,179 10,986 22,861 12,62

  11. Slide 11: Deposits

     2017 179.8 2017 2016 179.4 179.8 180 177.7 177.8 73.7 67.9 5.7 176.6 14.4 13.0 1.3 58.9 54.5 4.3 170 0.3 0.3 0.0 105.9 111.2 5.2 8.6 10.0 1.3 160 97.2 101.2 3.9 0.1 0.1 0.0 179.8 179.4 0.4 1500 2013 2014 2015 2016 2017 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 9

  12. Slide 12: Capital adequacy ratio

     2017 17.42% % % 70 2017 2016 60 87,720 86,169 1,551 56.81 503,435 387,798 115,637 50 475,747 359,065 116,681 40 17.42 22.22 4.79 38.42 30 % 26.38 22.22 2017 17.42 20 87,788 503,422 10 475,734 0 2013 2014 2015 2016 2017 17.43 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 10

  13. Slide 13: FY2018 earnings forecast and fintech

    2018  2018 3,700 2,600  2018 2018 2018 2018 2017  3,700 4,996 2,600 3,527  14,000 13,800 SP 13,200 SP  6,800 [70 ] 8,200 [78 ] BP  BP 7,100 Fintech [129 ] 5,500 [122 ] 2016 2017 2018  2017 12 1 2 2018 3 SP BP  113 4 5 100 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 11

  14. Slide 14: Initiatives for FY2018

    2018  2017 1 50 25  2018 1 50 25 2020 1 60 50 50 1 50 50 40 1 25 25 30 20 25 25 10 0 2017 2018 1,874 1,874 53.1% 72.0% Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 12

  15. Slide 15: Results by business

    2017 2016 78.0 80 70.4 1 1,225,485 1,290,981 65,495 61.5 548,489 546,460 2,029 60 48.0 667,006 733,145 66,139 40 36.9 2 9,989 11,375 1,386 1 780,356 704,526 75,830 20 64,051 60,822 3,229 79,944 77,191 2,753 0 2013 2014 2015 2016 2017 4 581,046 523,748 57,298 1 BP 3 12,129 10,695 1,434 SP 28,541 25,9

  16. Slide 16: BP ps6 48817

    BP ps6 48817

  17. Slide 17: Balance sheet

    2017 2016 2017 2016 49,288,314 51,281,921 1,993,607 179,882,759 179,434,686 448,073 480,000 470,000 10,000 45,436 45,436 8,224,153 8,718,905 494,752 1,985,285 960,937 1,024,348 278,566 252,214 26,351 13,812,123 13,694,294 117,829 32 9 22 191,481 40,324 151,156 4,241,524 3,817,908 423,616 2,400 2,400

  18. Slide 18: Income statement

    2017 2016 2017 2016 1,462,367 1,410,256 52,110 731 1,488 757 1,175,691 1,223,546 47,854 713 529 183 96,448 86,619 9,828 17 958 941 190,227 100,091 90,136 498,937 440,596 58,341 194,930 99,395 95,534 174,218 133,287 40,931 6,473 2,454 4,019 28,025 4,954 23,070 1,045,046 1,056,168 11,122 146,192 128,3

  19. Slide 19: Yields and margins

    % 2017 2016 0.16 0.14 0.01 3.02 2.68 0.34 71.46 74.89 3.42 0.57 0.58 0.00 1 2 100 2 2 100 3 100 4 100 % 2017 2016 0.74 0.78 0.03 0.71 0.73 0.02 0.17 0.18 0.01 0.03 0.04 0.01 0.57 0.60 0.02 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 17

  20. Slide 20: Interest rates on assets and liabilities

    % 2017 2016 195,014,321 852,033 0.43 193,991,919 1,046,541 0.53 0.10 4,765,201 14,008 0.29 3,081,133 17,741 0.57 0.28 82,402,056 730,011 0.88 92,901,349 926,690 0.99 0.11 8,414,660 1,417 0.01 8,318,619 1,471 0.01 0.00 51,583,059 25,115 0.04 47,723,014 24,916 0.05 0.00 186,524,351 186,280 0.09 184,99

  21. Slide 21: Interest rates (continued)

    % 2017 2016 201,467,351 1,502,747 0.74 200,321,045 1,567,512 0.78 0.03 4,767,735 14,019 0.29 3,083,285 17,748 0.57 0.28 136,469,126 1,460,377 1.07 141,000,661 1,522,075 1.07 0.00 8,414,660 1,417 0.01 8,318,619 1,471 0.01 0.00 51,651,521 26,135 0.05 47,804,568 25,885 0.05 0.00 191,901,004 327,056 0.1

  22. Slide 22: Securities by type

    % 2017 2016 49,314,634 23.73 51,213,391 24.71 1,898,757 480,000 0.23 470,000 0.22 10,000 8,224,153 3.95 8,718,905 4.20 494,752 4,241,524 2.04 3,817,908 1.84 423,616 2,286,148 1.10 2,079,290 1.00 206,858 1,256,039 0.60 1,274,178 0.61 18,139 139,201,254 67.00 138,792,448 66.98 408,806 62,749,725 30.20

  23. Slide 23: Securities holdings

    2017 2016 29,103,961 958,146 35,317,430 1,373,826 6,213,469 415,679 44,618 115 44,618 115 2,322,529 37,283 2,889,963 70,626 567,433 33,342 32,433 8,144 64,911 11,981 32,478 3,836 32,433 8,144 64,911 11,981 32,478 3,836 31,458,923 1,003,574 38,316,923 1,456,549 6,857,999 452,974 2017 2016 28,790 396

  24. Slide 24: Securities details

    2017 2016 4,162,251 1,289,201 3,817,908 1,098,661 344,342 190,540 2,286,148 1,262,041 2,079,290 1,058,661 206,858 203,380 1,256,039 27,061 1,274,178 40,000 18,139 12,938 2 2017 1,088 2016 3,734 2017 2016 6,341,492 110,021 4,498,510 195,410 1,842,981 85,389 4,925,816 117,531 2,971,988 37,723 1,953,82

  25. Slide 25: Expense breakdown

    % 2017 2016 126,471 12.12 123,212 11.68 3,259 103,370 9.91 101,128 9.59 2,242 23,101 2.21 22,084 2.09 1,016 838,925 80.44 854,369 81.05 15,444 598,116 57.35 612,465 58.10 14,349 5,679 0.54 8,371 0.79 2,691 60,538 5.80 66,166 6.27 5,627 12,670 1.21 12,388 1.17 282 55,621 5.33 50,702 4.81 4,918 37,446

  26. Slide 26: Loans

    % 2017 2016 6,140,537 100.00 4,064,120 100.00 2,076,417 15,524 0.25 15,524 92,162 1.50 75,811 1.86 16,351 25,094 0.40 10,518 0.25 14,576 1,121,062 18.25 1,311,274 32.26 190,212 24,013 0.39 14,062 0.34 9,950 22,837 0.37 23,044 0.56 206 4,667,184 76.00 2,440,005 60.03 2,227,179 172,658 2.81 189,404 4.

  27. Slide 27: Deposits breakdown

    % 2017 2016 73,765,405 41.00 67,994,923 37.89 5,770,482 14,437,576 8.02 13,052,115 7.27 1,385,461 58,931,564 32.76 54,550,845 30.40 4,380,719 396,265 0.22 391,963 0.21 4,301 105,989,336 58.92 111,280,733 62.01 5,291,396 8,696,122 4.83 10,065,156 5.60 1,369,033 97,293,213 54.08 101,215,576 56.40 3,92

  28. Slide 28: Deposits breakdown (average)

    % 2017 2016 71,585,050 39.69 65,952,601 36.79 5,632,448 13,748,320 7.62 13,133,438 7.32 614,881 57,442,722 31.85 52,429,547 29.24 5,013,175 394,007 0.21 389,616 0.21 4,391 108,562,006 60.20 113,138,020 63.11 4,576,014 9,455,067 5.24 10,752,770 5.99 1,297,703 99,106,938 54.96 102,384,806 57.11 3,277,

  29. Slide 29: Supplementary data

    2017 2016 135,655 135,480 175 3,407 4,127 720 8,031 9,192 1,161 147,095 148,800 1,705 2017 2016 6,127 6,283 155 7,262 7,322 60 948 945 3 1,031 962 69 1,161 1,161 110 139 28 % 2017 2016 0.7 0.7 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 27

  30. Slide 30: Supplementary data

    2017 2016 112,074 134,770 22,695 14 87 72 45,047 45,586 539 4,932 5,313 380 26,372 642 25,730 7,758 8,463 704 212 427 215 2,918 2,642 276 51,461 51,461 5,783 3,101 2,682 19,033 17,043 1,990 1,162,790 1,405,320 242,530 1,154,545 1,399,193 244,647 1,376 1,376 6,868 6,127 740 1,050,715 1,270,550 219,83

  31. Slide 31: Capital ratio details

    % 2017 2016 0 0 0 0 6,237,528 4,145,468 2,092,059 6,237,528 4,145,468 2,092,060 0.00 0.00 2017 2016 1,066 1,096 30 278 267 11 787 829 41 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 29

  32. Slide 32: Capital ratio details (continued)

    % 2017 2016 8,801,141 8,636,164 164,976 29,070 19,224 9,845 8,772,071 8,616,940 155,130 50,343,515 38,779,806 11,563,708 47,574,709 35,906,558 11,668,151 8 2,768,805 2,873,248 104,442 8 17.42 22.22 4.79 % 2017 2016 9,980 9,618 361 1,623 2,380 757 7,219 6,544 675 87,720 86,169 1,551 11.37 11.16 0.21

  33. Slide 33: Supplementary data

    % 2017 8,807,898 29,075 8,778,822 50,342,277 47,573,471 8 8 2,768,805 17.43 % 2017 9,980 1,623 7,219 87,720 11.37 1 1 5 1% 99% 2 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 31

  34. Slide 34: Supplementary data

    2017 2016 1,544 1,251 293 737,878 544,399 193,478 2017 2016 874 749 124 1,642,301 1,310,151 332,149 2017 2016 10,053 17,731 7,678 48,790 90,712 41,922 2017 2016 110,560 100,507 10,053 577,225 528,434 48,790 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 32

  35. Slide 35: Supplementary data

    2017 2016 60 61 1 2017 2016 1,082 1,093 10 2017 2016 35,673 39,908 4,234 2017 2016 418,932 383,259 35,673 Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved. 33

  36. Slide 36: Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved.

    Copyright © 2018 JAPAN POST BANK CO., LTD. All Rights Reserved.

Japan Post Bank — FY2017 Earnings Presentation on 6ix