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Financial Highlights/Earnings and Dividends Forecasts
See Financial Results for the latest “Summary of Financial Results, Selected Financial Information”
- Annual
- Results of Operations
- Breakdown of Net Fees and Commissions
- Financial Conditions
- Asset Management Status
- Capital Adequacy Ratio
- Dividends(1)
- Dividends(2)
- Quarterly
- Results of Operations
- Breakdown of Net Fees and Commissions
- Financial Conditions
- Asset Management Status
- Capital Adequacy Ratio
- Earnings and Dividends Forecasts
- Earnings Forecasts
- Dividends Forecast
(Annual)
Results of OperationsConsolidated
FY2023/3
Net income attributable to owners of parent decreased by ¥30.0 bn to ¥325.0 bn, compared to FY2022/3, in which we saw record high profits in our history as a listed company. We secured the net income equated to 101.5% of the earnings forecast because, in advance, we expected a change in market environment including an increase in foreign currency funding costs in FY2023/3.
| FY2018/3 | FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | |
|---|---|---|---|---|---|---|
Consolidated gross operating profit |
1,462.3 | 1,326.8 | 1,314.0 | 1,319.1 | 1,292.0 | 1,056.3 |
General and administrative expenses* |
1,045.1 | 1,038.5 | 1,021.5 | 1,011.4 | 983.2 | 926.3 |
Net ordinary income |
499.6 | 373.9 | 379.1 | 394.2 | 490.8 | 455.5 |
Net income attributable to owners of parent |
352.7 | 266.1 | 273.4 | 280.1 | 355.0 | 325.0 |
Net interest income |
1,175.6 | 1,015.9 | 976.6 | 961.9 | 1,147.4 | 796.3 |
Net fees and commissions |
96.4 | 106.7 | 128.8 | 127.9 | 128.4 | 147.8 |
Net other operating income (loss) |
190.2 | 204.1 | 208.4 | 229.1 | 16.0 | 112.1 |
 ROE(based on shareholders’ equity)(%)** |
3.06 | 3.80 | 3.44 |
* General and administrative expenses exclude non-recurring losses.
** ROE = net income attributable to owners of parent / [(sum of total net assets at the beginning and the end of the period) / 2] x 100
Breakdown of Net Fees and CommissionsNon-consolidated
FY2023/3
Net fees and commissions for the fiscal year ended March 31, 2023 increased by ¥18.9 bn year on year to ¥146.3 bn.
| FY2018/3 | FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | |
|---|---|---|---|---|---|---|
Others |
9.0 | 8.7 | 8.5 | 9.7 | 7.2 | 10.4 |
Investment trusts* |
19.0 | 22.2 | 21.7 | 14.6 | 13.6 | 11.8 |
ATMs |
9.2 | 14.5 | 19.0 | 20.1 | 22.7 | 32.8 |
Exchange and settlement transactions |
59.1 | 61.2 | 79.4 | 83.4 | 83.7 | 91.1 |
* Since FY2023/3, Investment trusts include Yucho Fund wraps (discretionary investment contract services).
Financial ConditionsNon-consolidated
FY2023/3
Total assets decreased by ¥3.3 tn from March 31, 2022, to ¥229.5 tn as of March 31, 2023.
Securities decreased by ¥6.7 tn from March 31, 2022, to ¥132.7 tn as of March 31, 2023.
Deposits increased by ¥1.5 tn from March 31, 2022, to ¥194.9 tn as of March 31, 2023.
| FY2018/3 | FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | |
|---|---|---|---|---|---|---|
Total assets |
210.6 | 208.9 | 210.9 | 223.8 | 232.9 | 229.5 |
Total liabilities |
199.1 | 197.6 | 201.9 | 212.4 | 222.6 | 219.9 |
Total net assets |
11.5 | 11.3 | 8.9 | 11.3 | 10.2 | 9.6 |
Deposits |
179.8 | 180.9 | 183.0 | 189.5 | 193.4 | 194.9 |
Securities |
139.2 | 137.1 | 135.1 | 138.1 | 139.5 | 132.7 |
Asset Management StatusNon-consolidated
FY2023/3
Included in investment assets as of March 31, 2023, JGBs were ¥38.1 tn and foreign securities, etc.
were ¥78.3 tn.
| FY2018/3 | FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | |
|---|---|---|---|---|---|---|
Japanese government bonds |
62.7 | 58.3 | 53.6 | 50.4 | 49.2 | 38.1 |
Foreign securities, etc. |
59.2 | 62.4 | 65.6 | 71.1 | 74.1 | 78.3 |
Others |
85.6 | 85.1 | 88.2 | 98.9 | 106.2 | 109.9 |
Capital Adequacy RatioConsolidated
FY2023/3
Capital adequacy ratio (domestic standard) was 15.53% as of March 31, 2023.
(Reference) Common Equity Tier1 capital ratio (international standard, estimate) was 14.28%.
| FY2018/3 | FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | |
|---|---|---|---|---|---|---|
 Capital adequacy ratio (Domestic standard) |
17.43 | 15.80 | 15.58 | 15.53 | 15.56 | 15.53 |
CET1 ratio(International standard)* |
13.96 | 14.87 | 14.09 | 14.23 | 14.01 |
* Excluding unrealized gains on available-for-sale securities. Calculation for some items are simplified. After taking into consideration of gains (losses) from hedge accounting.
Dividends(1)Consolidated
FY2023/3
Dividend per share for the fiscal year ended March 31, 2023 is ¥50.
| FY2018/3 | FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | |
|---|---|---|---|---|---|---|
Dividends per share(As of Sept. 30) |
¥25.00 | ¥25.00 | ¥25.00 | ¥0.00 | ¥0.00 | ¥0.00 |
Dividends per share(As of Mar. 31) |
¥25.00 | ¥25.00 | ¥25.00 | ¥50.00 | ¥50.00 | ¥50.00 |
Dividends(2)Consolidated
FY2023/3
Dividend payout ratio for the fiscal year ended March 31, 2023 is 57.5%.
| FY2018/3 | FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | |
|---|---|---|---|---|---|---|
Total dividend payment |
187.4 | 187.4 | 187.4 | 187.4 | 187.4 | 183.4 |
 Dividend payout ratio(%) |
53.1 | 70.4 | 68.5 | 66.9 | 52.7 | 57.5 |
(Quarterly)
Results of OperationsConsolidated
| FY22/3 | FY23/3 | FY24/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Consolidated gross operating profit |
769.1 | 1,052.5 | 1,292.0 | 328.6 | 576.3 | 873.2 | 1,056.3 | 189.3 | 377.7 | 560.9 |
General and administrative expenses* |
501.1 | 748.5 | 983.2 | 236.6 | 466.0 | 696.3 | 926.3 | 237.3 | 467.6 | 700.4 |
Net ordinary income |
325.6 | 394.5 | 490.8 | 120.4 | 220.1 | 344.3 | 455.5 | 118.4 | 253.8 | 367.0 |
Net income attributable to owners of parent |
235.3 | 287.6 | 355.0 | 88.8 | 158.6 | 247.4 | 325.0 | 86.8 | 182.1 | 263.3 |
Net interest income |
666.8 | 912.3 | 1,147.4 | 233.7 | 429.9 | 613.4 | 796.3 | 169.1 | 337.9 | 542.2 |
Net fees and commissions |
63.6 | 96.0 | 128.4 | 37.7 | 75.0 | 114.2 | 147.8 | 38.6 | 77.5 | 118.0 |
Net other operating income (loss) |
38.6 | 44.1 | 16.0 | 57.1 | 71.3 | 145.6 | 112.1 | (18.4) | (37.7) | (99.3) |
ROE(based on shareholders’ equity)(%)** |
5.06 | 4.10 | 3.80 | 3.80 | 3.36 | 3.47 | 3.44 | 3.71 | 3.85 | 3.69 |
* General and administrative expenses exclude non-recurring losses.
** ROE = net income attributable to owners of parent / [(sum of total net assets at the beginning and the end of the period) / 2] x 100
Breakdown of Net Fees and CommissionsNon-consolidated
| FY22/3 | FY23/3 | FY24/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Others |
3.5 | 5.5 | 7.2 | 2.8 | 5.1 | 8.0 | 10.4 | 3.3 | 6.6 | 10.0 |
Investment trusts* |
7.0 | 10.5 | 13.6 | 3.0 | 6.1 | 9.0 | 11.8 | 2.9 | 5.9 | 8.9 |
ATMs |
10.4 | 15.5 | 22.7 | 8.3 | 16.6 | 25.0 | 32.8 | 9.1 | 18.6 | 28.3 |
Exchange and settlement transactions |
41.9 | 63.6 | 83.7 | 22.9 | 46.4 | 71.1 | 91.1 | 22.9 | 45.5 | 69.7 |
*Since FY23/3 1Q, Investment trusts include Yucho Fund wraps (discretionary investment contract services).
Financial ConditionsNon-consolidated
| FY22/3 | FY23/3 | FY24/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Total assets |
227.3 | 230.1 | 232.9 | 234.9 | 226.6 | 226.7 | 229.5 | 229.7 | 230.3 | 229.1 |
Total liabilities |
215.8 | 218.8 | 222.6 | 225.0 | 217.1 | 217.5 | 219.9 | 220.0 | 221.3 | 219.5 |
Total net assets |
11.4 | 11.3 | 10.2 | 9.9 | 9.4 | 9.1 | 9.6 | 9.6 | 9.0 | 9.5 |
Deposits |
191.5 | 193.9 | 193.4 | 194.9 | 193.7 | 195.2 | 194.9 | 196.0 | 194.1 | 194.9 |
Securities |
140.0 | 140.8 | 139.5 | 141.0 | 137.1 | 132.2 | 132.7 | 135.2 | 137.7 | 141.4 |
Asset Management StatusNon-consolidated
| FY22/3 | FY23/3 | FY24/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Japanese government bonds |
50.3 | 49.3 | 49.2 | 47.2 | 41.9 | 37.0 | 38.1 | 37.6 | 38.9 | 41.6 |
Foreign securities, etc. |
72.5 | 73.7 | 74.1 | 76.3 | 78.3 | 77.9 | 78.3 | 80.6 | 81.8 | 83.3 |
Others |
101.2 | 103.9 | 106.2 | 107.9 | 102.5 | 108.2 | 109.9 | 108.5 | 106.0 | 101.3 |
Capital Adequacy RatioConsolidated
| FY22/3 | FY23/3 | FY24/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Capital adequacy ratio (Domestic standard) |
15.79 | 15.83 | 15.56 | 15.35 | 15.29 | 15.46 | 15.53 | 15.42 | 15.30 | 15.16 |
CET1 ratio(International standard)* |
14.26 | 14.40 | 14.23 | 13.29 | 13.28 | 13.16 | 14.01 | 13.07 | 12.38 | 13.07 |
* Excluding unrealized gains on available-for-sale securities. Calculation for some items are simplified. After taking into consideration of gains(losses) from hedge accounting.
(Earnings and Dividends Forecasts)
Earnings ForecastsConsolidated
FY2024/3
For earnings forecasts for the fiscal year ending March 31, 2024, net ordinary income and net income attributable to owners of parent are expected to amount to ¥470.0 bn and ¥335.0 bn, respectively.
In the fiscal year ending March 31, 2024, although we expect that foreign currency funding costs remain high in market operations, the forecasts see an increase in income compared to the fiscal year ended March 31, 2023, mainly due to that we predict strategic investment areas(*) remain to contribute to income in addition with increases in gains on sales of stocks, etc. associated with operation for risk controls and net fees and commissions.
Dividends ForecastConsolidated
FY2024/3
Dividend per share for the fiscal year ending March 31, 2024, based on the earnings forecasts and the shareholder return policy during the Medium-term Management Plan (FY2022/3 through FY2026/3), is planned to be ¥50 (dividend payout ratio of 54.0%).
