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THE 77 BANK INTEGRATED REPORT 2019 General Planning & Coordination Division General Planning & Coordination the 77 Bank, Ltd

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THE 77 BANK INTEGRATED REPORT 2019 General Planning & Coordination Division General Planning & Coordination the 77 Bank, Ltd THE 77 BANK INTEGRATED REPORT 2019 REPORT THE 77 BANK INTEGRATED THE 77 BANK INTEGRATED REPORT 2019 The 77 Bank aims to be the “Best Consulting Bank” that responds to customers’ needs by offering the optimum solutions The 77 Bank, Ltd. August 2019 Issued by The 77 Bank, Ltd. General Planning & Coordination Division 3-20, Chuo 3-chome, Aoba-ku, Sendai, Miyagi 980-8777, Japan Phone: +81-22-267-1111 https://www.77bank.co.jp/english/top.htm For The Customer & For The Future Becoming the “Best Consulting Bank” that responds to customers’ needs by offering the optimum solutions Contents About The 77 Bank, Ltd. Strategies of The 77 Bank, Ltd. Operations that Put Customers First Social Contribution Activities Bank Data Key Strategy 2: Regional Economy Overview …………………………………………… 75 The Trajectory of Trust and Growth …… 3 The Economy and Growth Potential of Initiatives for Operations that Put Customers First … 63 S Social Contribution Activities ……… 69 Organization ……………………………………… 76 G Miyagi Prefecture ……………………………… 15 Vitalization Strategy ……………… … S ……… S ……………………………… Message from the President 5 Earthquake Reconstruction Support … 39 S Strengthening Transaction Security 67 Interaction with the Region 70 Service Network 77 … Growth Vision of The 77 Bank, Ltd. 17 Financial Section ……………………………… 78 Financial and Non-financial Highlights … 9 Initiatives for Regional Revitalization … 41 S Heart-warming Support …………………… 68 S Responding to Environmental Issues … 70 E Management Policy ………………………… 19 … Key Strategy 3: Productivity Enhancement Consolidated Five-Year Summary 78 Strategies of The 77 Bank, Ltd. ……… 21 S Strategy Supporting Financial Education … 71 S Consolidated Balance Sheet ………… 79 Consolidated Statement of Income … 80 Key Strategy 1: Growth Strategy Effective and Efficient Allocation of Supporting Cultural Activities …… 72 S Consolidated Statement of Comprehensive Income … 80 Sales Promotion Structure and Human Resources ………………………… 48 S Promoting Sports …………………… 73 S Consolidated Statement of Changes in Equity … 81 …… S Resources Development ……………… 23 S Working Style Reform Efforts 49 Consolidated Statement of Cash Flows … 82 Contribution to Social Welfare … 74 S Business Evaluation Initiatives ……… 25 S Key Strategy 4: Governance Strategy Notes to Consolidated Financial Statements … 83 Board of Directors and Audit & Overseas Business Support ………… 29 S Independent Auditors’ Report ………101 Supervisory Committee Members … 51 G Capital Adequacy Ratios ………………102 Initiatives for Retail Customers ……… 31 S Corporate Governance Initiatives …… 53 G Non-Consolidated Balance Sheet …103 Provision of Integrated Social Responsibility …………………… 55 G Non-Consolidated Statement of Income ……104 Financial Services ………………………… 35 S Risk Management System …………… 57 G Loan Portfolio …………………………………105 ESG Information Leverage Digital Technology ………… 37 S Financial Intermediary Function Benchmarks … 59 SDGs Information ESG is a word that combines the first letters of E S G Environment SDGs is an abbreviation for “Sustainable Development Goals.” We will strive to achieve the The 77 Bank’s stance towards the environment has been formulated as the Environmental Policy, the three words, environment, social, and and The 77 Bank conducts initiatives to reduce its environmental footprint, while supporting the reconstruction and revitalization of the local region through various social contribution governance, and is a concept that advocates environmental conservation efforts of customers. activities in accordance with our six themes, and make efforts to deepen the understanding the use of non-financial aspects as factors for of our executives and employees and raise their awareness toward achieving these E S G Social measuring corporate value. The 77 Bank The Bank Creed explains our stance on service for the prosperity of the local community. We will Sustainable Development Goals (SDGs) in an aim to achieve a sustainable society together contribute to business partners and the local community and work to improve community value actively addresses issues related to ESG with the local community. through our core business as a regional financial institution. based on the policies outlined on the right, and G in this report, details regarding such efforts by E S Governance The 77 Bank will work continuously to strengthen and enhance corporate governance, in order to The 77 Bank are indicated with an ESG mark. promote sustained growth and improvements in corporate value over the medium- to long-term. Editorial Policy The 77 Bank has prepared “THE 77 BANK INTEGRATED REPORT This document supplements disclosure materials based on Article 21 of 2019.” This report relates non-financial information, including our the Banking Act (explanatory document regarding our business and management philosophy, the bank image sought by The 77 Bank, our financial condition). When using this document as a disclosure document, Shareholders and investors Social Contribution Activities Note regarding forward-looking statements information information four strategies, and ESG and SDGs information, to financial information, please refer to both this document and Disclosure 2019 (Data) (viewable This document contains forward-looking statements that are based on and has been comprehensively compiled to include efforts aimed at the at The 77 Bank’s Head Office and branches). https://www.77bank.co.jp/ https://www.77bank.co.jp/ the information available at the time of disclosure, along with certain assumptions believed to be reasonable by The 77 Bank. However, The 77 kabunushi.html shakaikouken/index.html sustainable growth of The 77 Bank and the local community. Bank makes no guarantee that these forecasts will be achieved. Actual * Japanese Language only * Japanese Language only results may differ significantly from forecasts, due to a variety of factors. 1 THE 77 BANK INTEGRATED REPORT THE 77 BANK INTEGRATED REPORT 2 About The 77 Bank, Ltd. The Since its foundation in 1878, based on our management philosophy of dedication to serve June 2017 the local community for the prosperity of the local community, throughout the four March 1999 Trajectory of Abolished the New York Branch and London Representative Office Transitioned to a Company with an generations of Meiji, Taisho, Showa, and Heisei, The 77 Bank, Ltd. has developed steadily August 1999 Audit & Supervisory Committee Trust and by overcoming many difficulties while pursuing sound management. In this new generation Growth Merged The 77 Card Co., Ltd. and 77 Credit Services Co., Ltd., with of Reiwa, we will continue to walk together with the region. The 77th Card Co., Ltd. as the surviving company December 1878 October 1972 Started operations as The 77th National Bank Shares listed (Second Section of the Tokyo Stock Exchange and the Sapporo Securities Exchange) November 1974 2010 April 2018 Established 77 Lease Co., Ltd. Start of the Medium-term Management Plan “For The Customer & For The Future”—Best Consulting Bank Project— September 1977 Current Head Office July 2018 2000 Established 77 Research and Consulting Co., Ltd. Head Office relocated October 1985 Head Office at the time of our to a new building at Opened the London foundation in 1878 Sendai Chuo Representative Office November 2006 (former Hinoya site) January 1932 3-chome Established the Aomori The current The 77 Bank, Ltd. was 1990 Corporate Sales Office established through the merger of The 77 April 1998 May 1893 Bank, Tohoku Jitsugyo Bank, and Gojo Bank Established 77 Business Support Foundation Established Miyagi Savings Bank 1980 January 2016 (Renamed Gojo Bank in 1921) Started operation of the common use system (MEJAR) June 1910 February 1983 May 2016 Established Tohoku 1970 December 1997 July 2005 Established The 77 Card Co., Ltd. Opened the Singapore Representative Office Jitsugyo Bank, Ltd. Established 77 Credit Opened the Shanghai July 2016 Building housing the Singapore 1960 Services Co., Ltd. Representative Office August 1973 April 1988 Established 77 Capital Co., Ltd. Representative Office Share listing changed to the First Opened the New York July 2016 Section of the Tokyo Stock Exchange Representative Office Established 77 Securities Preparatory Establishment Co., Ltd. October 1988 (trading name was changed to 77 Securities Co., Ltd. in May 1961 October 1978 Increased capital to January 2017) March 1898 The Bank Creed established as the Established 77 Shin-Yo Hosyo Co., Ltd. ¥22.2 billion September 2016 Name changed to The 77 Bank, Ltd. basic principle of management December 1978 Established the Hachinohe Corporate Sales Office July 1882 Celebrated the 100th anniversary of our November 2016 Opened the founding. Increased capital to ¥12.0 billion Converted 77 Lease Co., Ltd., 77 Shin-Yo Hosyo Co., Ltd., Tokyo Branch and The 77 Card Co., Ltd. into wholly-owned subsidiaries November 1990 Building housing the Upgrade the New York Representative Office to the Shanghai Representative Tokyo Branch Office Shibusawa warehouse during the Meiji era, where the first New York Branch Tokyo Branch of The 77th National Bank was located Sources of competitive advantages ① Deep connection with Eiichi Shibusawa 1 Effective Corporate Governance 2 Trust from the local community Eiichi Shibusawa, a businessman who was known as “the father of Japanese capitalism,” had a strong interest in the Tohoku region through Munenari Date, who provided him with the opportunity to enter the Ministry of Finance. In order to improve the effectiveness of the Board of The Bank is supported by many
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