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HomeInvestor RelationsAbout JAPAN POST BANK > Financial Highlights

Financial Highlights

See Financial Results for the latest “Summary of Financial Results, Selected Financial Information

Overview of FY2021/3 ResultsNon-consolidated
Consolidated

  • ■Although net income decreased significantly in the first quarter affected by the turmoil in financial markets associated with the spread of COVID-19, we secured an increase in net income in the full-year as a result of a rapid recovery in financial markets due to monetary policies, etc.
  • ■ Net income attributable to owners of parent increased by \6.6 bn year on year to \280.1 bn, which equated to 103.7% of the earnings forecasts revised upwards in November 2020.

Results of OperationsNon-consolidated

  • ■ Net income for FY 2020 amounted to ¥279.8 billion, a ¥6.7 billion increase year on year

(¥bn, %)

For the fiscal year ended Increase
(Decrease)
(B)-(A)
March 31,
2020 (A)
March 31,
2021 (B)
Gross operating profit 1,314.2 1,319.0 4.8
Net interest income 976.8 961.8 (14.9)
Net fees and commissions 128.8 127.9 (0.9)
Net other operating income (loss) 208.4 229.2 20.7
Gains (losses) on foreign exchanges 202.1 254.6 52.5
Gains (losses) on bonds 8.0 (25.9) (34.0)
General and administrative expenses *1 1,020.2 1,010.1 (10.0)
Provision for general reserve for possible loan losses 0.0 (0.0)
Net operating profit 293.9 308.8 14.9
Non-recurring gains (losses) 85.1 85.4 0.3
Net ordinary income 379.0 394.3 15.2
Net income 273.0 279.8 6.7
ROE*2 2.68% 2.75% 0.06%
OHR*3 77.63% 76.58% (1.04)%
  • *1 General and administrative expenses exclude non-recurring losses.
  • *2 ROE = net income / [(sum of total net assets at the beginning and the end of the fiscal year) / 2] x 100
  • *3 OHR = (general and administrative expenses / gross operating profit) x 100
Glossary
  • Net Operating Profit
    Unique earnings indicator used by banks, representing gross operating profit less general and administrative expenses and provision for general reserve for possible loan losses

Financial ConditionsNon-consolidated

  • ■ Securities balances(mainly foreign securities, etc.) under assets increased. Deposits balances under liabilities increased.

(¥bn)

As of March 31, 2020 (A) As of March 31, 2021 (B) Increase
(Decrease)
(B)-(A)
Assets 210,905.1 223,847.5 12,942.3
Cash and due from banks 51,663.9 60,768.0 9,104.1
Call loans 1,040.0 1,390.0 350.0
Receivables under resale agreements 9,731.8 9,721.3 (10.5)
Money held in trust 4,549.7 5,547.5 997.8
Securities 135,198.4 138,183.2 2,984.8
Loans 4,961.7 4,691.7 (270.0)
Liabilities 201,917.5 212,485.4 10,567.9
Deposits 183,004.7 189,593.4 6,588.7
Payables under repurchase agreements 14,855.6 14,886.4 30.8
Payables under securities lending transactions 2,219.3 1,504.5 (714.8)
Net Assets 8,987.6 11,362.1 2,374.4
Total shareholders’ equity 9,058.7 9,244.8 186.1
Total valuation and translation adjustments (71.0) 2,117.2 2,188.3

Asset Management StatusNon-consolidated

  • ■ Included in investment assets as of March 31, 2021, JGBs were ¥50.4 tn and foreign securities, etc. were ¥71.1 tn.

<FY2019 Year-End>

Asset Management 2019 pie chart

<FY2020 Year-End>

Asset Management 2020 pie chart

Capital Adequacy RatioNon-consolidated

  • ■ Capital adequacy ratio (non-consolidated, domestic standard) was 15.51% as of March 31, 2021.

Capital Adequacy Ratio Line graph

Glossary
  • Capital Adequacy Ratio
    The ratio of a bank's equity capital to assets; an indicator of the soundness of financial institution management.
    Banks such as ours that are subject to the domestic standards and do not have overseas operating locations, are required to maintain a level of 4% or higher.

Deposit BalanceNon-consolidated

  • ■ Deposit balance as of March 31, 2021 was \189.5 tn.

Deposit Balance bar graph

Cash FlowsConsolidated

(Millions of yen)

Cash flows from operating activities Cash flows from investing activities Cash flows from financing activities Cash and cash equivalents at the end of the fiscal year
FY2021/3 9,431,212 (247,977) (79,141) 60,704,486
FY2020/3 2,935,966 (1,787,359) (182,265) 51,600,251

Earnings ForecastsConsolidated

  • ■ In light of the 1H results and recent market conditions, we have revised the full-year earnings forecast (net income attributable to owners of parent) upward from the original forecast of ¥260.0bn to ¥350.0bn.

(¥bn)

  FY2021/3 FY2022/3 1H FY2022/3
Actual Actual Forecasts
(Original Plan)
(May 14, 2021)
(A)
Forecasts
(Revised Plan)
(Nov. 12, 2021)
(B)
Net interest income, etc.*1 1,270.1 760.3 1,240.0 1,355.0
Net fees and commissions 127.9 63.6 129.0 129.0
General and administrative expenses 1,009.3 500.2 1,015.0 1,005.0
Net ordinary income*2 394.2 325.6
[67.1%]
355.0 485.0
Net income attributable to owners of parent*2 280.1 235.3
[67.2%]
260.0 350.0
  • Note: The above earnings forecasts are calculated based on information available at this point. Actual earnings may differ depending on various factors that may arise in the future.
  • *1 Net interest income, etc. = Interest income - Interest expenses (including gains (losses) on sales, etc.)
  • *2 Progress rates to revised earnings forecasts are written inside parentheses.
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