Results for the Fiscal Year Ended March 31, 2023
IR Presentation
Materials were prepared for the Bank's presentation of its results for the fiscal year ended
March 31, 2023 held on June 6, 2023.
June 6, 2023
Table of Contents
1. Financial Summary | … 2 |
2. Projected Performance | … 11 |
3. Business Strategy | … 15 |
4. Sustainability | … 47 |
5. References | … 53 |
The 77 Bank, Ltd. | Fiscal Year Ended March 31, 2023 | 1 |
01
Financial Summary
The 77 Bank, Ltd. | Fiscal Year Ended March 31, 2023 | 2 |
Summary of profits and losses
Non-consolidated
FY2022 results
In addition to an increase in interest income, factors such as decreases in expenses and credit-related expenses resulted in a record high for both ordinary income and net income.
Income from customer services*
Income from customer services
Income from customer services (after excluding foreign currency-denominated procurement costs)
(Unit: JPY bn)
3.4 3.2
8.7
6.5
Consolidated | |||||||||
(0.6) | (1.1) | ||||||||
FY2020 | FY2021 | FY2022 |
*Operating income from services for customers = | ||||
(Average balance of loans and bills discounted | Loan to deposit spread) | |||
+ Fees and commissions - Expenses | (Retirement benefit costs incl.) | |||
The 77 Bank, Ltd. | Fiscal Year Ended March 31, 2023 | × | 3 | ||
Interest income | Change factors in interest income | ||||||||||||
FY2021 | FY2022 | YoY change | |||||||||||
(Unit: JPY bn, %) | Amount | % | Factors in securities | (Unit: JPY bn) | |||||||||
Interest income | 72.3 | 78.6 | 6.3 | 8.6 | +3.1 | ||||||||
Factors in loans | Yield | Interest | |||||||||||
Investment income | 72.9 | 79.8 | 6.9 | 9.4 | +4.3 | ||||||||
+3.0 | income | ||||||||||||
(Interest on loans and bills | Average | 78.6 | |||||||||||
42.3 | 46.6 | 4.3 | 10.2 | Yield | balance | Others | |||||||
discounted) | |||||||||||||
+0.1 | |||||||||||||
Average +2.0 | (1.1) | ||||||||||||
(Interest and dividends on | |||||||||||||
28.9 | 32.0 | 3.1 | 10.6 | balance | Yen-denominated: | ||||||||
securities) | |||||||||||||
+2.3 | (1.5) | ||||||||||||
Interest | |||||||||||||
Foreign currency- | |||||||||||||
Fund procurement costs | 0.6 | 1.2 | 0.6 | 109.5 | income | denominated: 4.6 | |||||||
72.3 | |||||||||||||
(Interest on deposits) | 0.2 | 0.4 | 0.2 | 132.7 | Yen-denominated: 1.9 | ||||||||
Foreign currency- | |||||||||||||
denominated: 2.4 | |||||||||||||
Average balances and yields of loans and | FY2021 | Investment and procurement | FY2022 | ||||||||||
Average balances and yields of securities | |||||||||||||
bills discounted | denominated in foreign currencies | ||||||||||||
(Unit: JPY bn, %) | (Unit: JPY bn, %) | (Unit: %) | |||||||||||
0.83 | 0.86 | 1.01 | 1.06 | 3.73 | |||||||||
0.82 | 0.96 | ||||||||||||
5,422.5 | 2,925.6 | 3,010.1 | 3,018.4 | 3.00 | |||||||
5,138.7 | Yield on foreign | ||||||||||
4,965.1 | currency- | ||||||||||
denominated | 1.35 | 1.04 | |||||||||
investments | |||||||||||
Procurement | 0.75 | ||||||||||
yield on foreign | |||||||||||
currency | 0.39 | ||||||||||
denominated* | |||||||||||
FY2020 | FY2021 | FY2022 | |||||||||
FY2020 | FY2021 | FY2022 | FY2020 | FY2021 | FY2022 |
The 77 Bank, Ltd. | Fiscal Year Ended March 31, 2023 | *Including foreign currency-denominated | 4 |
procurement recorded in other operating income |