Japan Post Bank Co., Ltd. · TSE:7182

Japan Post Bank — Q3 FY2021 Earnings Presentation

35 slides from Japan Post Bank's earnings presentation, March 2022

  1. Slide 1: BP p55 c8hiT

    2022 3 2021 11 12 BP p55 c8hiT

  2. Slide 2: P. 2 P.18 P. 3

    P. 2 P.18 P. 3 P.19 P. 4 P.20 P. 5 P.21 P. 6 P.23 P. 7 P.24 P. 8 P.26 P. 9 P.27 P.10 P.28 P.11 P.29 P.30 P.13 P.30 P.14 P.31 P.15 P.32 P.16 JP 2 ATM JP

  3. Slide 3: BP ps5 48ht7 [

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  4. Slide 4: Summary of financial results

     2,353 1,110 2020 2021  988 7,691 6,703 7,691 988 4,211 6,668 2,457 2,457 644 636 8 8 1,847 386 1,460 1,460 1,721 637 1,084  36 5,011 126 252 379 5,047 5,011 36  1,024 2,680 0 0  1,535 3,256 3,550 91.7% 1,655 2,680 1,024 64 575 511  2,600 90.5% 1,720 3,256 1,535 1,242 2,353 1,110 2021 2025 % R

  5. Slide 5: Net interest income and gross profit

     2021 2,454 6,665 0.61%  1.2% 11,756 12,000 2020 2021 10,161 2,743 2,373 369 1.0% 9,768 9,618 10,000 3,088 2,622 465 1,912 1,592 319 0.8% 8,000 345 249 95 0.61% 2020 2021 0.57% 0.6% 6,000 0.49% 1,467 4,292 2,824 0.47% 0.45% 3,070 5,732 2,662 6,180 6,665 3,067 5,730 2,663 0.4% 4,000 5,491 5,018 1,6

  6. Slide 6: Fees and ATM, NISA

     2021 13 630 2020 2021 ATM 644 630 13 419 419 0 1,400 1,288 1,279 ATM 102 104 2 85 97 1,200 73 70 3 1,067 217 146 49 35 13 1,000 87 201 222 190 2020 2021 800 145 644 630 1,729 2,095 366 49 35 600 1,312 941 371 73 70 102 104 1,204 1,220 15 400 794 834 24,252 25,707 1,454 612 200 419 419 2021 3 2021

  7. Slide 7: Expenses

     2021 41 4,992 12,000 2020 2021 10,183 10,080 10,000 584 574 10 479 470 8 8,000 4,180 4,120 59 6,000 1,872 1,817 55 5,136 5,033 4,992 1,187 1,185 1 4,000 287 276 10 2,000 267 297 29 5,033 4,992 41 0 2019 2020 2021

  8. Slide 8: Balance sheet

     3 4,557 227 3,032  1 8,568 140 400  344 2 1,517 2021 3 2021 9 2,238,475 2,273,032 34,557 607,680 610,378 2,697 13,900 27,400 13,500 97,213 97,049 164 55,475 56,526 1,050 1,381,832 1,400,400 18,568 46,917 46,750 166 2,124,854 2,158,592 33,738 1,895,934 1,915,979 20,045 148,864 152,706 3,842 15,04

  9. Slide 9: Deposits

     2021 9 191.5 200 189.5 191.5 187.4 180.9 183.0 2021 3 2021 9 101.3 106.6 5.3 150 9.1 9.8 0.7 79.9 87.5 101.3 95.2 106.6 91.5 96.1 4.5 0.6 0.6 0.0 100 88.1 84.8 3.3 4.7 4.5 0.1 50 100.9 95.2 83.4 80.3 3.1 88.1 92.0 84.8 0.1 0.1 0.0 189.5 191.5 2.0 0 2019 3 2020 3 2021 3 2020 9 2021 9

  10. Slide 10: Asset composition

     2021 9 50.3 72.5 2021 3 2021 9 % % 12.8 5.7 1,381,832 62.6 1,400,400 62.4 18,568 504,934 22.8 503,985 22.4 949 1 50.3 165,225 7.4 171,304 7.6 6,079 22.4 711,672 32.2 725,110 32.3 13,438 60.9 27.1 235,051 10.6 238,597 10.6 3,546 4.6 224.1 2 475,911 21.5 485,644 21.6 9,732 2.0 55,475 2.5 56,526 2.5

  11. Slide 11: Yields and interest income by asset

     2021 9 3 973 485 2021 3 2021 9 251,780 2,381 255,971 1,893 488 2021 3 2021 9 1,189,405 35,868 1,204,965 37,419 1,551 1,133,929 24,072 1,148,438 26,617 2,545 299,170 5,427 314,166 5,635 207 235,051 10,313 227,524 11,276 962 475,911 7,762 485,644 9,166 1,404 123,795 568 121,102 538 30 1,735 2,160 42

  12. Slide 12: Capital ratio

     2021 9 15.79% Tier1 17.85% % % 40 2021 3 2021 9 90,383 92,729 2,346 581,668 587,167 5,499 30 556,148 561,302 5,154 15.53 15.79 0.25 20 17.43 15.80 15.58 15.53 15.79 % 2021 3 2021 9 10 Tier1 17.73 17.85 0.12 CET1 14.09 14.26 0.16 0 2018 3 2019 3 2020 3 2021 3 2021 9

  13. Slide 13: 1,209,543 1,226,820 17,276 669,423 690,328 20,905 540,120 536,491 3,628 911,207 927,987 16,779 54,938 55,451

    2021 3 2021 9 1,209,543 1,226,820 17,276 669,423 690,328 20,905 540,120 536,491 3,628 911,207 927,987 16,779 54,938 55,451 513 75,342 75,065 276 682,131 689,050 6,918 26,373 27,271 897 29,768 26,833 2,935 42,652 54,315 11,662 1 2

  14. Slide 14: BP ps5 48ht7 [

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  15. Slide 15: Earnings forecast

     2,600 3,500 • 2021 2021 2020 2021 21.5.14 21.11.12 2021 9 2 1 12,701 12,400 13,550 1,150 3 1,279 1,290 1,290 2021 10,093 10,150 10,050 100 2021 9 3,942 3,550 4,850 1,300 2,801 2,600 3,500 900 2 2021 9 3 1

  16. Slide 16: Shareholder returns and dividends

     2022 3 2022 3 1 40 7 1 47  2020 2021  21.5.14 21.11.12 1 50 40 47 50 40 47 1,874 1,499 1,762 500 5 66.9% 57.6% 50.3% 3 31 3,000  2021 2025 6 50%  50 60% 1 2022 3 31 DPS 2021 500 

  17. Slide 17: Interest rate and credit spread trends

    (%) (%) (bp) 0.6 400 0.49 0.44 0.45 0.47(21/10) 0.41 300 0.3 20Y 0.10 200 0.06 0.07 0.10(21/10) 0.02 0.0 100 10Y IG 96 91 84 87(21/10) 80 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 / (%) (bp) 2.0 1,000 800 1.5 1.18(21/10) 600 0.94 0.96 1.0 0

  18. Slide 18: KPI targets

    21 25 21 25 21 9 25 2,353 3,500 OHR 60.81% 66% 15.79% 10% ROE 35 550 CET1 10% 5.06% 3.6% 20 14.26% 20 21 9 25 21 9 25 21 9 25 92.7 110 382 1,000 36 50 21/3 91.1 21/3 283 21/3 32 5.4 NISA 15 4 10 40 20 KPI 21/3 4.2 21/3 13 21/3 3 ESG 1.5 2 21/3 1.2

  19. Slide 19: BP ps5 48ht7 [

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  20. Slide 20: Balance sheet data

    2021 3 2021 9 2021 3 2021 9 60,768,034 61,037,810 269,776 189,593,469 191,597,989 2,004,520 1,390,000 2,740,000 1,350,000 14,886,481 15,270,695 384,214 9,721,360 9,704,937 16,423 1,504,543 1,315,749 188,794 362,212 383,906 21,693 3,917,500 4,774,100 856,600 13 0 13 514 431 82 5,547,574 5,652,627 105

  21. Slide 21: Income statement data

    2020 2021 2020 2021 670,304 768,316 98,012 218 5,228 5,446 421,118 666,560 245,441 218 5,240 5,459 64,480 63,081 1,399 12 12 184,705 38,675 146,030 171,626 330,800 159,174 172,187 63,772 108,414 54,697 81,729 27,032 12,680 25,270 37,950 6,999 14,168 21,167 504,336 500,146 4,190 47,697 95,898 48,200

  22. Slide 22: Yield data

    % 2020 2021 0.51 0.71 0.19 0.61 0.57 0.04 0.11 0.09 0.02 0.09 0.13 0.23 0.39 0.61 0.21

  23. Slide 23: Yield data

    % 2020 2021 202,473,730 308,862 0.30 210,264,412 262,290 0.24 0.05 6,520,493 5,024 0.15 4,646,437 5,112 0.21 0.06 71,216,281 216,354 0.60 69,456,376 178,564 0.51 0.09 54,096,198 15,507 0.05 60,224,561 15,305 0.05 0.00 195,336,889 34,523 0.03 203,417,608 24,942 0.02 0.01 186,556,941 21,797 0.02 191,5

  24. Slide 24: Yield data

    % 2020 2021 208,470,432 542,152 0.51 215,722,363 770,310 0.71 0.19 6,542,458 5,083 0.15 4,672,009 5,179 0.22 0.06 137,525,324 523,133 0.75 139,213,692 751,660 1.07 0.31 54,096,198 15,507 0.05 60,224,561 15,305 0.05 0.00 201,708,472 121,033 0.11 208,497,556 103,749 0.09 0.02 186,556,941 21,797 0.02 1

  25. Slide 25: Asset composition data

    % 2021 3 2021 9 60,667,097 27.50 60,954,073 27.18 286,976 1,390,000 0.63 2,740,000 1.22 1,350,000 9,721,360 4.40 9,704,937 4.32 16,423 5,547,574 2.51 5,652,627 2.52 105,053 2,261,772 1.02 2,092,830 0.93 168,941 1,545,190 0.70 1,355,327 0.60 189,863 138,183,264 62.64 140,040,090 62.46 1,856,825 50,49

  26. Slide 26: Securities data

    2021 3 2021 9 20,576,382 230,680 18,981,861 180,239 1,594,521 50,440 1,891,261 1,605 2,329,259 2,894 437,998 1,289 2,710,435 5,892 3,178,708 7,915 468,273 2,022 1,107,329 1,705 1,107,329 1,705 1,107,329 1,705 1,107,329 1,705 25,178,079 238,178 25,597,159 189,343 419,080 48,834 2021 3 2021 9 10,505 1

  27. Slide 27: Securities data

    2021 3 2021 9 5,547,574 1,353,124 5,652,627 1,296,298 105,053 56,826 2,261,772 1,363,424 2,092,830 1,292,415 168,941 71,009 1,545,190 11,689 1,355,327 2,403 189,863 9,285 1 2 2021 592 2020 5,528 2021 3 2021 9 8,136,647 175,043 7,855,032 226,685 281,615 51,642 8,073,418 363,009 8,453,183 417,961 379,

  28. Slide 28: Expense data

    % 2020 2021 58,478 11.61 57,418 11.50 1,059 47,959 9.52 47,090 9.43 869 10,518 2.08 10,328 2.06 189 418,069 83.05 412,098 82.54 5,971 187,238 37.19 181,737 36.40 5,501 118,719 23.58 118,520 23.74 199 28,718 5.70 27,690 5.54 1,027 5,799 1.15 5,511 1.10 287 32,468 6.45 32,171 6.44 297 17,330 3.44 18,7

  29. Slide 29: Loan data

    % 2021 3 2021 9 4,666,152 100.00 4,649,497 100.00 16,654 81,669 1.75 81,575 1.75 93 137,714 2.95 126,750 2.72 10,964 34,255 0.73 18,861 0.40 15,393 739,510 15.84 702,401 15.10 37,108 63,184 1.35 76,510 1.64 13,325 84,214 1.80 87,546 1.88 3,332 3,428,219 73.46 3,465,628 74.53 37,408 97,383 2.08 90,22

  30. Slide 30: Deposit data

    % 2021 3 2021 9 101,309,018 53.43 106,640,928 55.65 5,331,909 9,150,117 4.82 9,857,508 5.14 707,391 91,546,309 48.28 96,128,369 50.17 4,582,059 612,591 0.32 655,050 0.34 42,458 88,145,649 46.49 84,840,539 44.28 3,305,109 4,709,291 2.48 4,532,955 2.36 176,335 83,436,358 44.00 80,307,584 41.91 3,128,7

  31. Slide 31: 281,471 302,236 20,764 43,407 43,706 5,024 4,593 430 167,565 199,742 32,176 22,610 21,975 634

    2021 3 2021 9 281,471 302,236 20,764 0 0 0 43,407 43,706 299 5,024 4,593 430 167,565 199,742 32,176 22,610 21,975 634 7,761 7,138 622 3,123 2,805 317 31,978 22,273 9,704 1,104,605 1,155,377 50,771 1,098,194 1,146,262 48,067 6,411 9,114 2,703 823,134 853,140 30,006

  32. Slide 32: % 4,774,980 4,767,274 7,706 4,774,980 4,767,274 7,706 5 1,033 97 280 273 6 655

    % 2021 3 2021 9 4,774,980 4,767,274 7,706 4,774,980 4,767,274 7,706 2021 3 2021 9 935 1,033 97 280 273 6 655 759 104

  33. Slide 33: Capital ratio data

    % 2021 3 2021 9 9,057,656 9,292,488 234,832 33,294 34,631 1,336 9,024,361 9,257,857 233,495 58,157,118 58,708,933 551,814 55,604,917 56,122,440 517,523 8 2,552,200 2,586,492 34,291 8 15.51 15.76 0.25 % 2021 3 2021 9 9,071,821 9,307,790 235,969 33,498 34,842 1,343 9,038,322 9,272,947 234,625 58,166,8

  34. Slide 34: Securitized products

    SPE 2021 3 2021 9 (RMBS) 1,354,370 19,045 AAA 1,339,320 19,286 AAA 282,293 1,561 AAA 311,576 185 AAA (CLO) 225,448 33 AAA 225,345 61 AAA (CMBS) (CDO) 870 28 AAA 797 23 AAA 1,580,689 19,106 1,565,463 19,248 (RMBS) 54,999 3,897 AAA 45,152 832 AAA (CLO) 2,036,348 36,013 AAA 1,958,482 54,384 AAA 477,637

  35. Slide 35: BP ps5 48ht7 I

    BP ps5 48ht7 I

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