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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
FY2024/3
Net income attributable to owners of parent increased by ¥31.0 bn year on year to ¥356.1 bn, which was record high profits in our history as a listed company.
| FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | FY2024/3 | |
|---|---|---|---|---|---|---|
Consolidated gross operating profit |
1,326.8 | 1,314.0 | 1,319.1 | 1,292.0 | 1,056.3 | 733.6 |
General and administrative expenses* |
1,038.5 | 1,021.5 | 1,011.4 | 983.2 | 926.3 | 929.1 |
Net ordinary income |
373.9 | 379.1 | 394.2 | 490.8 | 455.5 | 496.0 |
Net income attributable to owners of parent |
266.1 | 273.4 | 280.1 | 355.0 | 325.0 | 356.1 |
Net interest income |
1,015.9 | 976.6 | 961.9 | 1,147.4 | 796.3 | 715.7 |
Net fees and commissions |
106.7 | 128.8 | 127.9 | 128.4 | 147.8 | 153.0 |
Net other operating income (loss) |
204.1 | 208.4 | 229.1 | 16.0 | 112.1 | (135.1) |
 ROE (based on shareholders’ equity)(%)** |
2.97 | 3.03 | 3.06 | 3.80 | 3.44 | 3.74 |
* 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
FY2024/3
Net fees and commissions for the fiscal year ended March 31, 2024 increased by ¥5.1 bn year on year to ¥151.5 bn.
| FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | FY2024/3 | |
|---|---|---|---|---|---|---|
Others |
8.7 | 8.5 | 9.7 | 7.2 | 10.4 | 12.7 |
Investment trusts* |
22.2 | 21.7 | 14.6 | 13.6 | 11.8 | 12.2 |
ATMs |
14.5 | 19.0 | 20.1 | 22.7 | 32.8 | 37.3 |
Exchange and settlement transactions |
61.2 | 79.4 | 83.4 | 83.7 | 91.1 | 89.2 |
* Since FY2023/3, Investment trusts include Yucho Fund Wrap (discretionary investment contract services).
Financial ConditionsNon-consolidated
FY2024/3
Total assets were ¥233.8 tn as of March 31, 2024.
As of March 31, 2024, Deposits were ¥192.8 tn, Liquid deposits were ¥124.3 tn, Fixed-term deposits were ¥68.3 tn.
| FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | FY2024/3 | |
|---|---|---|---|---|---|---|
Total assets |
208.9 | 210.9 | 223.8 | 232.9 | 229.5 | 233.8 |
Total liabilities |
197.6 | 201.9 | 212.4 | 222.6 | 219.9 | 224.1 |
Total net assets |
11.3 | 8.9 | 11.3 | 10.2 | 9.6 | 9.6 |
Deposits |
180.9 | 183.0 | 189.5 | 193.4 | 194.9 | 192.8 |
Securities |
137.1 | 135.1 | 138.1 | 139.5 | 132.7 | 146.4 |
Asset Management StatusNon-consolidated
FY2024/3
Included in investment assets as of March 31, 2024, JGBs increased by ¥5.7 tn from March 31, 2023, to ¥43.8 tn and foreign securities, etc. were ¥86.6 tn.
| FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | FY2024/3 | |
|---|---|---|---|---|---|---|
Japanese government bonds |
58.3 | 53.6 | 50.4 | 49.2 | 38.1 | 43.8 |
Foreign securities, etc. |
62.4 | 65.6 | 71.1 | 74.1 | 78.3 | 86.6 |
Others |
85.1 | 88.2 | 98.9 | 106.2 | 109.9 | 100.5 |
Capital Adequacy RatioConsolidated
FY2023/4
Capital adequacy ratio (domestic standard) was 15.01% as of March 31, 2024.
| FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | FY2024/3 | |
|---|---|---|---|---|---|---|
 Capital adequacy ratio (Domestic standard) |
15.80 | 15.58 | 15.53 | 15.56 | 15.53 | 15.01 |
CET1 ratio (International standard)* |
13.96 | 14.87 | 14.09 | 14.23 | 14.01 | 13.23 |
* Excluding unrealized gains on available-for-sale securities.Calculation for some items are simplified.The CET1 ratio as of March31,2024 is on the finalized Basel Ⅲ basis.
Dividends(1)Consolidated
FY2024/3
Dividend per share for the fiscal year ended March 31, 2024 is ¥51, an increase of ¥1 from the forecast.
| FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | FY2024/3 | |
|---|---|---|---|---|---|---|
Dividends per share(As of Sept. 30) |
¥25.00 | ¥25.00 | ¥0.00 | ¥0.00 | ¥0.00 | ¥0.00 |
Dividends per share(As of Mar. 31) |
¥25.00 | ¥25.00 | ¥50.00 | ¥50.00 | ¥50.00 | ¥51.00 |
Dividends(2)Consolidated
FY2024/3
Dividend payout ratio for the fiscal year ended March 31,2024 is 51.8%.
| FY2019/3 | FY2020/3 | FY2021/3 | FY2022/3 | FY2023/3 | FY2024/3 | |
|---|---|---|---|---|---|---|
Total dividend payment |
187.4 | 187.4 | 187.4 | 187.4 | 183.4 | 184.4 |
 Dividend payout ratio(%) |
70.4 | 68.5 | 66.9 | 52.7 | 57.5 | 51.8 |
(Quarterly)
Results of OperationsConsolidated
| FY23/3 | FY24/3 | FY25/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Consolidated gross operating profit |
576.3 | 873.2 | 1,056.3 | 189.3 | 377.7 | 560.9 | 733.6 | 319.0 | 528.4 | 753.9 |
General and administrative expenses* |
466.0 | 696.3 | 926.3 | 237.3 | 467.6 | 700.4 | 929.1 | 238.0 | 464.3 | 690.6 |
Net ordinary income |
220.1 | 344.3 | 455.5 | 118.4 | 253.8 | 367.0 | 496.0 | 137.7 | 321.4 | 441.2 |
Net income attributable to owners of parent |
158.6 | 247.4 | 325.0 | 86.8 | 182.1 | 263.3 | 356.1 | 96.2 | 222.8 | 308.3 |
Net interest income |
429.9 | 613.4 | 796.3 | 169.1 | 337.9 | 542.2 | 715.7 | 258.6 | 452.6 | 676.2 |
Net fees and commissions |
75.0 | 114.2 | 147.8 | 38.6 | 77.5 | 118.0 | 153.0 | 39.3 | 78.7 | 120.0 |
Net other operating income (loss) |
71.3 | 145.6 | 112.1 | (18.4) | (37.7) | (99.3) | (135.1) | 20.9 | (2.9) | (42.3) |
ROE (based on shareholders’ equity)(%)** |
3.36 | 3.47 | 3.44 | 3.71 | 3.85 | 3.69 | 3.74 | 4.05 | 4.63 | 4.24 |
* 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
| FY23/3 | FY24/3 | FY25/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Others |
5.1 | 8.0 | 10.4 | 3.3 | 6.6 | 10.0 | 12.7 | 3.9 | 7.2 | 10.7 |
Investment trusts* |
6.1 | 9.0 | 11.8 | 2.9 | 5.9 | 8.9 | 12.2 | 3.2 | 6.4 | 9.7 |
ATMs |
16.6 | 25.0 | 32.8 | 9.1 | 18.6 | 28.3 | 37.3 | 9.6 | 19.3 | 29.0 |
Exchange and settlement transactions |
46.4 | 71.1 | 91.1 | 22.9 | 45.5 | 69.7 | 89.2 | 22.3 | 44.9 | 69.4 |
*Investment trusts include Yucho Fund Wraps (discretionary investment contract services).
Financial ConditionsNon-consolidated
| FY23/3 | FY24/3 | FY25/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Total assets |
226.6 | 226.7 | 229.5 | 229.7 | 230.3 | 229.1 | 233.8 | 238.6 | 238.2 | 243.1 |
Total liabilities |
217.1 | 217.5 | 219.9 | 220.0 | 221.3 | 219.5 | 224.1 | 229.4 | 228.7 | 233.8 |
Total net assets |
9.4 | 9.1 | 9.6 | 9.6 | 9.0 | 9.5 | 9.6 | 9.2 | 9.5 | 9.3 |
Deposits |
193.7 | 195.2 | 194.9 | 196.0 | 194.1 | 194.9 | 192.8 | 193.3 | 191.3 | 192.1 |
Securities |
137.1 | 132.2 | 132.7 | 135.2 | 137.7 | 141.4 | 146.4 | 149.8 | 147.6 | 147.7 |
Asset Management StatusNon-consolidated
| FY23/3 | FY24/3 | FY25/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Japanese government bonds |
41.9 | 37.0 | 38.1 | 37.6 | 38.9 | 41.6 | 43.8 | 44.7 | 44.7 | 42.6 |
Foreign securities, etc. |
78.3 | 77.9 | 78.3 | 80.6 | 81.8 | 83.3 | 86.6 | 89.2 | 86.8 | 88.9 |
Others |
102.5 | 108.2 | 109.9 | 108.5 | 106.0 | 101.3 | 100.5 | 101.4 | 103.9 | 108.6 |
Capital Adequacy RatioConsolidated
| FY23/3 | FY24/3 | FY25/3 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | 4Q | 1Q | 2Q | 3Q | |
Capital adequacy ratio (Domestic standard) |
15.29 | 15.46 | 15.53 | 15.42 | 15.30 | 15.16 | 15.01 | 14.86 | 15.08 | 15.13 |
CET1 ratio (International standard)* |
13.28 | 13.16 | 14.01 | 13.07 | 12.38 | 13.07 | 13.23 | 12.22 | 13.53 | 12.88 |
* Excluding unrealized gains on available-for-sale securities. Calculation for some items in the CET1 ratio are simplified.
Since FY24/3 4Q, the CET1 ratios are on the finalized Basel Ⅲ basis.
(Earnings and Dividends Forecasts)
Earnings ForecastsConsolidated
- ■In light of first half situation and recent market conditions, we revised the earnings forecasts (net income attributable to owners of parent) for the fiscal year ending March 31, 2025 upwards from ¥365.0 bn to ¥400.0 bn, because of such factors as an increase in net interest income, etc. (*) compared to the original forecasts.
- ●As stated in the basic policies of the revised Medium-term Management Plan, the Bank is striving to seize the reversal of the trend in yen interest rates and shift investment from due from banks, etc. to Japanese government bonds (zero risk weighting). However, interest from due from banks, etc., from which the Bank is shifting investment, trended higher than expected owing to policy revisions at the Bank of Japan's monetary policy meetings and other factors. In addition, foreign currency funding costs are expected to decline compared to our original forecast as a result of the change in monetary policy by U.S. financial authorities.
Dividends ForecastConsolidated
- ■Regarding annual dividends forecast for the fiscal year ending March 31, 2025, in light of the revised-upward earnings forecasts for the fiscal year ending March 31, 2025 and our dividend policy set forth in the Medium-term Management Plan (FY2022/3 through FY2026/3), we have revised the annual dividends forecast to ¥56 per share, up by ¥4 from the original forecast of ¥52 per share.
