Japan Post Bank Co., Ltd. · TSE:7182

Japan Post Bank — FY2018 Earnings Presentation

33 slides from Japan Post Bank's earnings presentation, May 15, 2019

  1. Slide 1: BP ps5 a8eiT

    BP ps5 a8eiT 2019 3 2019 5 15

  2. Slide 2: P. 2 P.15 P. 4

    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 2019 P.11 P.24 P.13 P.25 P.26 P.27 P.28 P.28 P.29 P.30 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved.

  3. Slide 3: BP ps6 48817

    BP ps6 48817

  4. Slide 4: Summary of financial results

    2018  1,353 1 3,270 2017 2018 1,995 20,448 18,453 9.7% 1,253 1,595 4,996 3,742 25.0% 865 103 3,527 2,661 24.5% 139 1,995 20,449 18,454 9.7% 1,256  75 1 375 4,996 3,739 25.1% 865 3,527 2,661  24.5% 1,278 2,894 2019 3,750  1,253 3,742 2,700  2,661 865 JP  2,661 2 2,600 SDP ATM 102.3% JP Copyrigh

  5. Slide 5: Income statement

    % 2017 2018 2017 2018 14,623 13,270 1,353 2,106,306 2,089,704 16,601 11,756 10,161 1,595 492,883 506,985 14,102 964 1,067 103 4,800 4,000 800 1,902 2,041 139 83,681 83,681 1,949 2,194 245 82,241 82,241 64 122 57 42,415 39,907 2,507 1 10,450 10,375 75 1,392,012 1,371,352 20,659 0 0 61,455 52,974 8,48

  6. Slide 6: Net interest income and yields

     2018 1 161 0.49% 1.6% 15,407 16,000 2017 2018 6,657 6,379 278 1.4% 13,610 14,000 8,520 7,528 992 12,235 1.2% 11,756 12,000 6,118 5,233 885 1,862 1,149 713 10,161 1.0% 10,000 2017 2018 0.8% 0.76% 8,000 0.66% 5,099 3,782 1,317 0.60% 0.57% 0.6% 6,000 7,321 7,002 319 0.49% 7,303 6,987 315 0.4% 4,000 2

  7. Slide 7: Fees and commissions, expenses

     2018 103 1,067 10,000 2017 2018 8,910 1,531 8,000 7,378 964 1,067 103 591 612 20 6,000 5,443 92 145 53 4,000 190 222 31 2,000 90 87 2 0 2016 2017 2018 24,000 2017 2018 22,859 22,000 1,544 2,303 759 20,000 7,378 8,910 1,531 18,000 16,423 16,000 2017 2018 14,000 13,101 12,000 874 1,062 188 0 10,000

  8. Slide 8: Expenses

     2018 74 1 353 12,000 2017 2018 11,136 1,264 1,242 22 11,000 1,033 1,016 17 10,640 10,540 10,428 8,389 8,416 27 10,353 10,000 5,981 6,006 25 56 16 40 605 596 8 9,000 774 695 79 10,428 10,353 74 0 8,000 2014 2015 2016 2017 2018 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 6

  9. Slide 9: Securities and asset composition

     2018 58.3 62.4 2017 2018 % % 1,392,012 67.0 1,371,352 66.5 20,659 8.8 4.3% 627,497 30.2 583,565 28.3 43,931 1 171,526 8.2 162,791 7.9 8,735 592,988 28.5 624,995 30.3 32,007 50.6 58.3 202,443 9.7 220,355 10.6 17,911 24.6% 28.3% 2 390,426 18.7 404,339 19.6 13,912 5.2 2.5% 205.9 42,415 2.0 39,907 1.9

  10. Slide 10: Interest-earning assets and yields

     2018 3 4,274 2017 2018 314,589 10,035 272,425 7,931 2017 2018 1,122,457 37,699 1,141,934 35,172 1,080,835 19,120 1,102,419 21,285 336,457 11,299 333,406 11,676 202,119 3,753 220,030 6,377 390,426 2,658 404,339 1,849 151,831 1,408 144,642 1,382 5,687 2,664 41,622 12,892 39,514 11,222 22,861 12,620

  11. Slide 11: Deposits

     2018 180.9 2017 2018 180.9 179.4 179.8 73.7 79.9 6.1 180 177.7 177.8 14.4 16.1 1.7 58.9 63.4 4.4 170 0.3 0.4 0.0 105.9 100.9 5.0 8.6 7.0 1.5 160 97.2 93.8 3.4 0.1 0.1 0.0 179.8 180.9 1.1 1500 2014 2015 2016 2017 2018 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 9

  12. Slide 12: Capital adequacy ratio

     2018 15.78% % % 2017 2018 60 87,720 88,442 721 503,435 560,335 56,900 50 475,747 533,340 57,593 40 17.42 15.78 1.64 38.42 % 30 26.38 2017 2018 22.22 20 87,788 88,533 744 17.42 15.78 503,422 560,045 56,622 10 475,734 533,051 57,316 17.43 15.80 1.63 0 2014 2015 2016 2017 2018 Copyright © 2019 JAPAN

  13. Slide 13: Earnings forecast for fiscal 2019

    2019  2019 3,750 2,700  2019 2018 2019 2019 2018 2018 2019  13,200 12,928 271 12,900 1,000 1,067 67 1,200   10,600 10,364 235 10,400  3,700 3,739 39 3,750 2,600 2,661 61 2,700 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 11

  14. Slide 14: Dividends

    2019  2018 1 50 25  2019 1 50 25 2020 1 60 50 50 50 1 50 40 1 25 25 30 20 25 25 10 0 2018 2019 2018 2019 1,874 1,874 70.4% 69.4% Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 12

  15. Slide 15: Supplementary financial data

    2017 2018 1,215,496 1,168,232 47,263 548,489 553,631 5,142 667,006 614,600 52,405 790,345 819,314 28,968 64,051 63,839 212 79,944 78,654 1,290 579,312 601,210 21,898 22,118 22,168 49 28,541 24,155 4,385 16,376 29,285 12,909 1 7 5 2 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 13

  16. Slide 16: BP ps6 48817

    BP ps6 48817

  17. Slide 17: Balance sheet

    2017 2018 2017 2018 49,288,314 50,698,549 1,410,235 179,882,759 180,999,134 1,116,374 480,000 400,000 80,000 1,985,285 11,569,371 9,584,086 8,368,139 8,368,139 13,812,123 2,473,457 11,338,666 8,224,153 8,224,153 191,481 28,029 163,451 278,566 295,679 17,113 2,400 3,900 1,500 32 2 29 309 628 318 4,24

  18. Slide 18: Income statement detail

    2017 2018 2017 2018 1,462,367 1,327,033 135,333 731 4,107 3,376 1,175,691 1,016,126 159,565 713 3,556 2,843 96,448 106,761 10,313 17 550 533 190,227 204,145 13,918 498,937 370,192 128,745 194,930 219,448 24,517 174,218 99,417 74,801 6,473 12,241 5,768 28,025 4,596 32,622 1,045,046 1,037,537 7,509 14

  19. Slide 19: Key indicators

    % 2017 2018 0.16 0.12 0.04 3.02 2.32 0.70 71.46 78.18 6.72 0.57 0.57 0.00 1 2 100 2 2 100 3 100 4 100 % 2017 2018 0.74 0.67 0.06 0.71 0.71 0.00 0.17 0.17 0.00 0.03 0.04 0.07 0.57 0.49 0.07 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 17

  20. Slide 20: Yields and spreads

    % 2017 2018 195,014,321 852,033 0.43 194,710,207 752,825 0.38 0.05 4,765,201 14,008 0.29 6,090,997 12,072 0.19 0.09 82,402,056 730,011 0.88 77,703,674 615,038 0.79 0.09 8,414,660 1,417 0.01 5,293,086 910 0.01 0.00 51,583,059 25,115 0.04 49,543,054 30,905 0.06 0.01 186,524,351 186,280 0.09 187,129,47

  21. Slide 21: Yields and spreads (total)

    % 2017 2018 201,467,351 1,502,747 0.74 200,414,539 1,357,985 0.67 0.06 4,767,735 14,019 0.29 6,095,997 12,093 0.19 0.09 136,469,126 1,460,377 1.07 136,708,838 1,313,813 0.96 0.10 8,414,660 1,417 0.01 5,293,205 910 0.01 0.00 51,651,521 26,135 0.05 49,551,855 31,069 0.06 0.01 191,901,004 327,056 0.17

  22. Slide 22: Assets composition

    % 2017 2018 49,314,634 23.73 50,674,248 24.60 1,359,614 480,000 0.23 400,000 0.19 80,000 8,368,139 4.06 8,368,139 8,224,153 3.95 8,224,153 4,241,524 2.04 3,990,780 1.93 250,744 2,286,148 1.10 2,141,784 1.03 144,363 1,256,039 0.60 1,195,685 0.58 60,354 139,201,254 67.00 137,135,264 66.57 2,065,989 62

  23. Slide 23: Securities by holding

    2017 2018 29,103,961 958,146 25,015,921 755,550 4,088,039 202,596 533,474 4,001 533,474 4,001 2,322,529 37,283 1,660,749 28,626 661,780 8,656 32,433 8,144 32,433 5,014 3,130 32,433 8,144 32,433 5,014 3,130 31,458,923 1,003,574 27,242,577 793,192 4,216,345 210,381 2017 2018 28,790 396 96,909 5,124 68

  24. Slide 24: Securities detail

    2017 2018 4,162,251 1,289,201 3,951,489 1,122,266 210,761 166,935 2,286,148 1,262,041 2,141,784 1,106,458 144,363 155,583 1,256,039 27,061 1,195,685 17,468 60,354 9,593 1 2 2018 3,573 2017 1,088 2017 2018 6,341,492 110,021 7,839,145 122,376 1,497,652 12,355 4,925,816 117,531 6,527,044 32,497 1,601,2

  25. Slide 25: Loans breakdown

    % 2017 2018 126,471 12.12 124,201 11.99 2,270 103,370 9.91 101,619 9.81 1,750 23,101 2.21 22,582 2.18 519 838,925 80.44 841,648 81.28 2,723 598,116 57.35 600,661 58.01 2,544 5,679 0.54 1,619 0.15 4,060 60,538 5.80 59,654 5.76 884 12,670 1.21 13,332 1.28 661 55,621 5.33 65,031 6.28 9,410 37,446 3.59

  26. Slide 26: Securities by type

    % 2017 2018 6,140,537 100.00 5,292,424 100.00 848,112 15,524 0.25 15,519 0.29 4 92,162 1.50 115,517 2.18 23,355 25,094 0.40 37,289 0.70 12,194 1,121,062 18.25 930,873 17.58 190,188 24,013 0.39 2,000 0.03 22,013 22,837 0.37 37,695 0.71 14,858 4,667,184 76.00 3,997,677 75.53 669,507 172,658 2.81 155,8

  27. Slide 27: Deposits breakdown

    % 2017 2018 73,765,405 41.00 79,959,377 44.17 6,193,971 14,437,576 8.02 16,143,580 8.91 1,706,004 58,931,564 32.76 63,410,139 35.03 4,478,575 396,265 0.22 405,656 0.22 9,391 105,989,336 58.92 100,927,190 55.76 5,062,146 8,696,122 4.83 7,096,334 3.92 1,599,788 97,293,213 54.08 93,830,855 51.84 3,462,

  28. Slide 28: Employees and branches

    2017 2018 135,655 134,837 818 3,407 2,482 924 8,031 6,870 1,161 147,095 144,190 2,904 2017 2018 6,127 6,120 6 7,262 7,239 22 948 949 1 1,031 1,005 26 1,161 1,161 110 98 11 % 2017 2018 0.7 0.7 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 26

  29. Slide 29: Expense details

    2017 2018 112,074 135,977 23,902 14 14 45,047 44,158 889 5,783 1,385 4,398 27,525 27,525 26,372 27,051 679 7,758 8,569 810 4,932 3,491 1,441 2,918 3,149 230 19,246 20,645 1,399 1,162,790 1,084,975 77,815 1,154,545 1,077,133 77,411 1,376 1,376 6,868 7,841 973 1,050,715 948,998 101,717 Copyright © 201

  30. Slide 30: Other financial data

    % 2017 2018 0 0 0 0 6,237,528 5,381,637 855,891 6,237,528 5,381,637 855,891 0.00 0.00 2017 2018 1,066 958 107 278 243 35 787 715 72 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 28

  31. Slide 31: Capital adequacy details

    % 2017 2018 8,801,141 8,879,601 78,460 29,070 35,388 6,318 8,772,071 8,844,213 72,141 50,343,515 56,033,562 5,690,047 47,574,709 53,334,010 5,759,301 8 2,768,805 2,699,551 69,254 8 17.42 15.78 1.64 % 2017 2018 8,807,898 8,888,716 80,818 29,075 35,398 6,322 8,778,822 8,853,318 74,496 50,342,277 56,00

  32. Slide 32: Securities by rating

    1,2,3 2017 2018 12,774 361 AAA 13,057 401 AAA 492 1 A 4 1,318 1 AAA 1,655 0 AAA 15 0 AAA 12 0 AAA 14,599 362 14,725 402 1,711 81 AAA 997 116 AAA 6 5 4,958 168 AAA 11,787 60 AAA 6,669 249 12,785 177 21,269 112 27,511 225 1 2 3 4 5 6 Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved. 30

  33. Slide 33: Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved.

    Copyright © 2019 JAPAN POST BANK CO., LTD. All Rights Reserved.

Japan Post Bank — FY2018 Earnings Presentation on 6ix