The Yamanashi Chuo Bank,Ltd. the 31St Analyst Meeting(PDF:2.1MB)
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The Yamanashi Chuo Bank, Ltd. The 31st Analyst Meeting ・Fiscal 2016 First Half Business Results ・Forecasts for the Current Term (FY2016) ・Medium-Term Management Plan “S.T.E.P. up 2019” Progress Report December 7, 2016 (Wed) - 0 - Contents Profile 2 Ⅲ Medium-Term Management Plan I Fiscal 2016 First Half Business Results and ”S.T.E.P. up 2019” Progress Report Forecasts for the Current Term (FY2016) Medium-Term Management Plan ”S.T.E.P. up 2019” 4 Fiscal 2016 First Half Business Results (Summary) Diagram of ”S.T.E.P. up 2019” 23 5 Earnings Forecasts for the Current Term (FY2016) Basic Strategies and Financial Targets of Deposits 6 iiiMedium-Term Management Plan ”S.T.E.P. up 2019” 24 Loans 7 Individual Strategies Based on Basic Strategy I 25 Securities 9 Strengthen retail solution banking 25 Fees and Commissions 11 Strengthen corporate solution banking 26 Operating Expenses and OHR 12 Strengthen coordination with industrial, government, and academic funds 28 Credit Cost 13 Individual Strategies Based on Basic Strategy II 31 Yields & Interest Margins 14 Optimal distribution of management resources, Capital Ratio (Non-Consolidated Basis) 15 Advanced IT utilization, Fundamental operational reforms 31 Return to Shareholders 16 Western Tokyo Bloc Strategy 32 II Economic Trends in Yamanashi Prefecture Business Trends 18 Yamanashi Prefecture Economic Topics 19 Local Industries in Yamanashi Prefecture 20 Preparations for High-Speed Transportation Network 21 - 1 - Profile ■ Profile (as of September 30, 2016) ・ Predecessor Founded: April 1877 ・ Established: December 1941 ・ Head Office: 20-8, Marunouchi 1-Chome, Kofu, Yamanashi ・ Common Stock: ¥15,400 million ・ Employees: 1,724 ・ Branches (including sub-branches): 91 (74 in Yamanashi Pref., 16 in Tokyo, 1 in Kanagawa Pref.), Representative Office: 1 (Hong Kong) Head Office Our Mission Region-Based Operations and Sound Management Maintaining a close relationship with the communities in the region where we operate, we will contribute to the prosperity of the region and the development of its economy, with a commitment to sound management that enjoys the trust of our customers, while bolstering our business operations. - 2 - Ⅰ Fiscal 2016 First Half Business Results and Forecasts for the Current Term (FY2016) - 3 - Fiscal 2016 First Half Business Results (Summary) Previous Reporting Reporting (¥ billion, %) YoY change [%] of factors) difference (analysis 1st half 1st half 1st half (¥ billion, %) YoY change [%] Balance Yield (FY16) Operating income 26.9 26.2 (0.7) ( (2.6) ) Fund Operations 17.4 (0.3) ( (2.0) ) 0.1 (0.5) Gross banking profit 19.1 21.4 2.3 ( 12.1 ) Interest income Interest on loans 8.4 (0.6) ( (7.4) ) 0.2 (0.9) Interest income 16.9 16.5 (0.3) ( (2.3) ) Interest on securities 8.8 0.3 ( 3.6 ) (0.7) 1.0 Fees and commissions 2.2 2.0 (0.2) ( (12.0) ) Call loan, etc. 0.1 0.0 ( 0.0 ) 0.1 (0.1) Other operating income (0.0) (0.8) (0.7) ( (1,023.0) ) Fund procurement 0.9 0.0 ( 2.5 ) 0.0 0.0 Gross banking prof it on core operations 19.1 17.6 (1.4) ( (7.6) ) Interest on deposits 0.5 (0.2) ( (27.2) ) 0.0 (0.2) JGBs and other bond transactions 0.0 3.8 3.7 ( 13,542.8 ) Call money, etc. 0.3 0.2 ( 218.3 ) 0.0 0.1 Interest income Expenses 14.0 13.7 (0.3) ( (2.3) ) 16.5 (0.3) ( (2.3) ) ― ― General provision to loan loss reserve ---( - ) Reporting 1st half (FY16) YoY change Fees and Fees commissions (¥ billion) Net business profit 5.0 7.7 2.6 ( 52.5 ) Revenues 3.5 0.0 Net business profit on core operations 5.0 3.8 (1.1) ( (22.5) ) Investment trusts 0.3 (0.1) Non-operating losses 4.4 (0.5) (5.0) ( (111.6) ) JGBs held by individuals 0.0 (0.0) Gains on rev ersal of prov ision to loan ( ) loss reserve 0.3 0.0 (0.3) (94.8) Life insurance 0.4 0.1 Reversal of loan loss reserve 0.0 0.0 (0.0) ( (8.3) ) Others 2.7 0.1 Equity share and similar transactions 4.0 0.9 (3.0) ( (75.4) ) Cost 1.5 0.3 Ordinary profits 9.5 7.1 (2.3) ( (24.5) ) Fees and commissions 2.0 (0.2) Extraordinary income (losses) (0.1) (0.0) 0.1 ( 78.6 ) Reporting (¥ billion) 1st half (FY16) YoY change Income before income taxes 9.3 7.1 (2.1) ( (23.4) ) Expenses Personnel 7.8 0.1 Income taxes - basic ( ) 2.5 2.0 (0.4) (19.5) Premises and equipment 5.0 (0.4) Income taxes - deferred 0.3 0.0 (0.2) ( (80.2) ) Taxes 0.8 (0.0) Net income 6.5 5.0 (1.4) ( (22.1) ) Expenses 13.7 (0.3) - 4 - Earnings Forecasts for the Current Term (FY 2016) FY16 FY16 (¥ billion, %) FY15 YoY change [%] of factors) difference (analysis (forecast) (¥ billion, %) (forecast) YoY change [%] Balance Yeild Operating income 50.9 46.4 (4.5) ( (8.8) ) Fund operations 33.5 (2.5) ( (7.1) ) 0.3 (2.9) Interest income Gross banking profit 38.6 38.3 (0.3) ( (0.8) ) Interest on loans 16.7 (1.3) ( (7.4) ) 0.3 (1.6) Interest on Interest income 16.5 (1.1) ( (6.6) ) (1.6) 0.5 34.2 31.8 (2.3) ( (6.9) ) securities Fees and commisions 4.5 4.6 0.0 ( 1.1 ) Call loan, etc. 0.2 (0.0) ( (14.5) ) 0.2 (0.2) Other operating income (0.6) (1.9) (1.2) ( (192.9) ) Fund procurement 1.6 (0.1) ( (9.2) ) 0.0 (0.1) Interest on Gross banking profit on 0.9 (0.5) ( (36.2) ) 0.0 (0.5) deposits core operations 38.1 34.5 (3.6) ( (9.4) ) JGBs and other bond Call money, etc. 0.7 0.3 ( 118.4 ) 0.1 0.2 transactions 0.5 3.8 3.2 ( 603.4 ) Interest income 31.8 (2.3) ( (6.9) ) ― ― Expenses 27.9 27.1 (0.7) ( (2.7) ) General provision to loan FY16 loss reserve 1.6 (0.2) (1.8) ( (112.9) ) and Fees commissions (¥ billion) (forecast) YoY change Net business profit 9.1 11.4 2.2 ( 24.8 ) Revenues 7.3 0.3 Net business profit on core Investment trusts 0.9 0.0 operations 10.2 7.4 (2.8) ( (27.5) ) JGBs for individual 0.0 0.0 Non-operating losses 3.7 (1.6) (5.3) ( (143.0) ) investors Life insurance 0.8 0.1 NPL disposal amount 0.0 0.6 0.5 ( 634.8 ) Others 5.6 0.2 Equity share and similar transactions 5.2 0.9 (4.2) ( (81.1) ) Cost 2.7 0.3 Ordinary profits 12.8 9.8 (3.0) ( (23.8) ) Fees and commissions 4.6 0.0 Net income 8.7 6.9 (1.8) ( (21.0) ) FY16 (¥ billion) (forecast) YoY change Expenses Dividends Personnel 15.5 0.3 FY14 FY15 FY16 (plan) Premises and equipment 10.2 (1.0) Dividend per share (annual) ¥7.00 ¥10.00 ¥9.00 Taxes 1.3 (0.0) End of FY15 End of FY16 (estimate) Exprenses 27.1 (0.7) Nikkei Stock Average ¥16,758 ¥16,449 - 5 - Deposits Deposit (average balance) Balance by Customer Segment (average balance) +7.6 (¥ billion) (¥ billion) 2,856.1 Total (+0.26%) 2,813.2 2,848.4 2,834.2 2,849.3 3,000 2,717.8 3,000 2,856.1 Total 2,848.4 2,834.2 2,849.3 243.4 255.1 239.3 227.7 216.1 Local 2,813.2 236.3 2,500 government 2,717.8 70.5 68.3 74.4 73.7 Tokyo Bloc bodies 78.6 562.1 557.6 558.1 587.1 583.7 540.1 82.1 264.8 270.3 267.8 264.0 263.7 Western 2,000 Corporate customers 2,500 252.0 Tokyo Bloc 1,500 Gunnai 448.9 447.5 454.0 453.4 439.4 Area 2,007.6 2,035.6 2,036.7 2,041.2 2,049.5 Individuals 422.4 1,000 1,941.3 2,000 500 Results Results Plan (1st half) (1st half) 0 FY13 FY14 FY15 1H FY15 FY16 1H FY16 1,500 Deposit Shares in Yamanashi Prefecture (term-end) 100% 1.8 1.8 1.7 1.8 1.8 1.6 Others 12.7 13.4 12.9 13.5 13.0 13.7 Kuninaka Agricultural 2,031.0 2,064.1 2,054.6 2,057.3 2,054.3 1,000 1,961.2 Area cooperatives 28.0 28.0 28.0 28.1 27.7 28.7 Shinkin banks/ credit unions 7.3 7.1 7.2 7.0 7.1 6.9 50% Major banks 500 (0.5)P Results Results Plan (1st half) (1st half) 50.2 49.7 50.2 49.6 50.4 49.1 Yamanashi Chuo Bank 0 ゆうちょ銀行Excluding 0% Japanを除く Post FY13 FY14 FY15 1H FY15 FY16 1H FY16 FY13 FY14 1H FY14 FY15 1H FY15 FY16 1H Bank - 6 - Loans (1) Loan (average balance) Balance by Customer Segment (average balance) (¥ billion) 1,800 (¥ billion) +35.7 1,490.0 Total 1,446.9 1,447.7 1,454.2 1,461.6 1,487.1 (+2.4%) 1,500 National 257.6 300.6 319.7 315.8 309.7 297.7 and local 1,600 government 1,490.0 1,487.1 Total bodies 1,446.9 1,447.7 1,454.2 1,461.6 1,000 Loan assets under the 808.4 767.2 756.2 768.1 802.0 807.7 Private- 1,400 193.8 185.9 sector 141.1 166.9 176.1 178.0 control of head office 500 corporations departments* 1,200 380.8 379.9 378.3 377.5 378.3 381.6 Individuals Tokyo 325.3 304.3 302.8 304.8 310.7 312.7 0 Bloc FY13 FY14 FY15 1H FY15 FY16 1H FY16 Results Results 1,000 Plan (1st half) (1st half) Western 166.5 168.2 168.2 173.8 190.9 193.8 Tokyo Bloc (term-end) 800 Loan Shares in Yamanashi Prefecture 111.6 110.0 108.0 106.7 102.5 103.3 Gunnai Area 100% 9.1 9.3 9.2 9.3 9.3 9.3 Semi-government institutions 7.3 7.6 7.3 7.4 7.1 6.9 600 Agricultural cooperatives 33.8 33.5 32.3 34.0 33.8 33.7 Shinkin banks/ 400 credit unions Kuninaka 702.1 698.1 699.0 698.1 692.0 691.3 Area 50% 8.9 9.0 9.2 9.4 9.5 9.2 Major banks 200 +0.4P Results Results Yamanashi Plan (1st half) (1st half) 40.9 40.3 40.8 40.2 41.8 40.6 Chuo Bank 0 0% FY13 FY14 FY15 1H FY15 FY16 1H FY16 FY13 FY14 1H FY14 FY15 1H FY15 FY16 1H *Note: Loan assets under the control of head office departments refers to loans to the Ministry of Finance, loans made under loan participation agreements and financial receivables transferred from other industries.