FY2015 Financial Highlights & FY2016 Prospects（1247KB）

FY2015 Financial Highlights & FY2016 Prospects

FIDEA Holdings Co. Ltd. June 2016 This document contains forward-looking statements in regard to forecasts, targets and plans of FIDEA Holdings Co. Ltd. (“FIDEA”) and its group companies (collectively, “the group”). These forward-looking statements are based on information currently available to the group and are stated here on the basis of the outlook at the time that this document was produced. In addition, in producing these statements certain assumptions (premises) have been utilized. These statements and assumptions (premises) are subjective and may prove to be incorrect and may not be realized in the future. Underlying such circumstances are a large number of risks and uncertainties. Please see other disclosure and public filings made or will be made by FIDEA and the other companies comprising the group, including the latest kessan-tanshin, financial reports, Japanese securities reports and annual reports, for additional information regarding such risks and uncertainties. The group has no obligation or intent to update any forward-looking statements contained in this document.

In addition, information on companies and other entities outside the group that is recorded in this document has been obtained from publicly available information and other sources. The accuracy and appropriateness of that information has not been verified by the group and cannot be guaranteed.

The financial information used in this document was prepared in accordance with accounting standards generally accepted in Japan, or Japanese GAAP.

Definitions of figures used in this document

Consolidated: FIDEA Holdings (consolidated)

2 Banks: Shonai Bank (non-consolidated) + Hokuto Bank (non-consolidated)

Income Statement Financial Results Review

FY14 FY15 y-o-y Results  We focused on increasing loans in the field of new (results) vs. frontier business relevant to regional revitalization (JPY in billions) (projected) (results) ① ② ③ ③-① projected projects, as growing field, such as renewable energy, ③-② agriculture and medical and nursing care. At the Ordinary revenue 50.9 – 56.0 5.1 – same time, we made efforts on promoting individual retail business centered on mortgage loans. Gross profits 40.1 42.2 42.3 2.2 0.1 Core Gross profits 39.0 40.5 40.1 1.1 (0.4)  Due to sophisticated portfolio management of security investments accompanied by the increase Net interest income 31.8 33.8 33.7 1.9 (0.1) of fund profit and dealing profit of securities. Net fees and commissions 6.5 6.5 6.3 (0.2) (0.2)  We have continued to improve our historical profit records in ordinary profits and net income Net gains(losses) on 1.0 2.1 1.1 0.5 debt securities 1.6 consecutively for three fiscal years. Ordinary profits G&A expenses (excl. increased by ¥2.1bn (18.8%) to ¥12.9bn and net 29.2 29.4 29.1 (0.1) (0.3) extraordinary expenses) income increased by ¥1.2bn (15.7%) to ¥8.8bn year on year. Personnel costs 15.3 15.9 15.8 0.5 (0.1) Non-personnel costs 12.1 11.6 11.5 (0.6) (0.1) Net interest income Net fees and comissions Net business profits 10.8 – 13.1 2.3 – (JPY in billions) Others G&A expenses Net business profits Total credit costs 2.5 2.6 0.1 1.3 13.1 1.3 70 Net gains (losses) on 10.8 1.7 2.2 2.3 0.6 0.1 9.9 9.9 equity securities 50 8.5 Ordinary profits 10.8 12.9 2.1 (0.6) 2 13.5 2 0 1 5 1 6 Net extraordinary gains 30 5 6 6 (0.1) (0.6) (0.5) (0.4) 0.1 (losses) 30 31 30 31 33 Total of income taxes- 10 current and income 2.9 2.8 3.3 0.4 0.5 taxes-deferred △ 10 △ 28 △ 28 △ 28 △ 29 △ 29 Net income 7.6 10.0 8.8 1.2 (1.2) △ 30 Core OHR 74.84% abobe73% 72.53% (2.31)p FY2011 FY2012 FY2013 FY2014 FY2015 Copyright(c) 2016 FIDEA Holdings Co.Ltd. All rights reserved. - 2 - FY2016 Financials Prospects

Company Projections for Consolidated FY2015 Results Projections Summary

FY15 FY16 H1 FY16 Change  Taking into account of our effort to accelerate (JPY in billions) （results） (projected) (projected) ① ② ② - ① regional revitalization strategy and strengthen profit in customer related field, we estimate our net Ordinary revenue 56.0 －－－ income at ¥4.1bn.

Gross profits 42.3 18.4 37.2 (5.1)  We estimate security investment related profit Core Gross profits 40.1 18.2 36.8 (3.3) (Interest and Dividend of Investment Securities, Gains/Losses on Debt Securities, and Gains/Losses Net interest income 33.7 15.2 30.7 (3.0) on Equity) conservatively taking into account of Net fees and commissions 6.3 3.2 6.4 0.1 business environment's change in the financial Net gains (loses) on market and so on. debt securities 2.1 0.1 0.4 (1.7) G&A expenses (excl. 29.1 15.2 30.4 1.3 extraordinary expenses) Dividend of common stock Personnel costs 15.8 8.1 16.3 0.5  We have determined to increase a dividend for Non-personnel costs 11.5 6.0 12.0 0.5 the FY2015 to ¥6 per ordinary share increased by Total credit costs 2.6 1.6 2.3 (0.3) ¥1 taking fair business results into consideration. Net gains (losses) on 2.3 0.6 1.3 (1.0)  A dividend for the FY2016 is planned to be ¥6 equity securities (interim dividend will be ¥3) per ordinary share. Ordinary profits 12.9 2.2 5.6 (7.3) Although we paid dividends in term end only for Net extraordinary gains (0.5) (0.0) (0.0) 0.5 the past years, by paying interim dividend, we (losses) would enrich the opportunity of compensation Total of income taxes- for the share holders. current and income 3.3 0.6 1.4 (1.9) taxes-deferred Net income 8.8 1.5 4.1 (4.7)

Core Gross Profits Ordinary Profits Net Income

(JPY in billions) (JPY in billions) (JPY in billions) 40.1 15 37.8 37.8 39.0 12.9 40 10 8.8 10.8 35 10.1 7.6 30 10 6.2 25 6.9 20 5 4.2 15 5 10 5 0 0 0 FY12 FY13 FY14 FY15 FY12 FY13 FY14 FY15 FY12 FY13 FY14 FY15

Loans and Deposits Capital Adequacy Ratio ＲＯＥ (Return on Equity) (pertaining to the standard in Japan)

(JPY in billions) Loans Deposits 10.0% 10.0% 9.52% 3,000 9.12% 8.00% 8.80% 9.02% 7.70% 7.80% 2,362 2,433 8.0% 2,500 2,226 2,183 6.00% 8.0% 2,000 1,748 6.0% 1,602 1,664 1,719 1,500 4.0% 1,000 6.0% 2.0% 500

0 4.0% 0.0% 2013/3 2014/3 2015/3 2016/3 2013/3 2014/3 2015/3 2016/3 2013/3 2014/3 2015/3 2016/3

Net Interest Income Deposit/Loan Rates and Investment Security Yield ＜2 Banks＞

Deposit rate Loan rate (JPY in millions) Deposit/Loan spread Others Deposit/loan spread Investment security yield 40,000 2.50% 33,731 30,645 31,303 30,920 31,872 1.92% 2.00% 1.76% 30,000 1.63% 4,518 6,106 1.51% 7,350 9,173 12,375 1.80% 1.41% 1.50% 1.65% 1.53% 1.30% 20,000 1.41% 0.96% 1.00% 0.86% 0.85% 1.27% 1.08% 26,127 25,197 23,570 10,000 22,699 21,356 0.50% 0.12% 0.11% 0.10% 0.10% 0.11% 0 0.00% FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15

Interest Income Interest Expenses

(JPY in millions) (JPY in millions) Loans Investment securities Others Deposits Borrowings and bonds Others 40,000 37,496 5,000 33,676 34,321 33,912 34,991 4,000 3,765 30,000 4,824 6,467 7,676 9,627 12,975 3,118 3,030 3,017 2,992 297 3,000 372 367 359 393 20,000 2,000 28,756 27,802 26,163 25,323 24,467 3,110 10,000 2,628 2,604 2,593 2,624 1,000

0 0 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15

Average Balance and Loan Rate ＜2 Banks＞ Balance by Prefecture ＜2 Banks＞

(JPY in billions) (JPY in billions) Shonai Bank Hokuto Bank Akita Yamagata Miyagi Others 1,735 1,765 4,000 Loan rate 1,615 1,679 1,527 204 176 192 1.92% 1,500 181 1.76% 186 231 251 3,000 1.63% 212 1.51% 197 1.41% 168 1,000 570 578 575 2,000 1,694 1,753 524 551 1,469 1,546 1,612 805 722 740 783 1,000 696 500 647 684 720 733 734 773 823 871 911 948 0 0 FY11 FY12 FY13 FY14 FY15 2012/3 2013/3 2014/3 2015/3 2016/3

Balance by Borrower ＜Shonai Bank＞ Balance by Borrower ＜Hokuto Bank＞

(JPY in billions) Retail SMEs Municipal governments Others (JPY in billions) Retail SMEs Municipal governments Others 1,000 934 957 1,000 864 897 807 782 801 807 800 800 720 750 200 198 174 189 142 600 600 256 271 259 230 187 221 237 236 245 244 400 400 269 268 267 267 277 200 394 422 200 317 346 372 190 192 196 198 205 0 0 2012/3 2013/3 2014/3 2015/3 2016/3 2012/3 2013/3 2014/3 2015/3 2016/3

Loans Classified by Type of Industry ＜2Banks＞

2015/3 2016/3 Type of industry (2banks) （JPYbn）（% ）（JPYbn）（% ） Domestic offices (excluding loans booked at 1,735.9 100.0 1,765.7 100.0 offshore markets) Manufacturing 117.3 6.8 114.9 6.5 Agriculture and forestry 3.7 0.2 3.7 0.2 Fishery 0.6 0.0 0.6 0.0 Mining, quarrying of stone and gavel 3.1 0.1 2.5 0.1 Mortgage Loans Construction 67.7 3.9 65.0 3.7 Utilities 26.6 1.5 35.3 2.0 Communication and information services 9.8 0.6 8.5 0.5 (JPY in billion) Shonai Bank Hokuto Bank Transport and postal activities 22.9 1.3 20.2 1.1 Wholesale and retail 98.3 5.7 98.6 5.6 600 567 512 533 Finance and insurance 79.2 4.6 87.0 4.9 486 Real estate and goods rental and leasing 102.6 5.9 106.7 6.0 456 169 Scientific research and professional and 161 162 5.8 0.3 5.8 0.3 400 160 technical services 159 Accommodations, eating and drinking services 23.9 1.4 21.3 1.2 Living-related and amusement services 18.5 1.1 17.2 1.0 Education learning support 2.7 0.2 2.4 0.1 200 398 Medical, social welfare 52.9 3.1 54.7 3.1 326 351 371 Services 42.2 2.4 42.0 2.4 298 Municipal government 471.7 27.1 458.6 26.0 Others (Including Mortgage Loans) 585.6 33.7 619.7 35.1 0 Overseas offices and loans booked at offshore - - - - 2012/3 2013/3 2014/3 2015/3 2016/3 markets Total 1,735.9 100.0 1,765.7 100.0

Average Balance and Investment Security Yield ＜2 Banks＞ Balance by Product Type ＜2 Banks＞

(JPY in billions) JGBs (JPY in billions) Shonai Bank Hokuto Bank 1,200 Municipal bonds Investment security yield Corporate bonds 1,400 1.27% Equity 996 1,005 1.08% 1,000 Others(Investment Trusts, REIT, etc.) 1,200 0.96% 998 833 0.86% 0.85% 789 258 319 1,000 800 709 888 88 107 805 26 29 31 800 671 759 86 21 491 600 27 190 152 130 470 185 600 453 154 455 220 420 400 187 247 400 160 187 200 417 506 250 303 351 200 301 318 334 286 0 280 FY11 FY12 FY13 FY14 FY15 0 2012/3 2013/3 2014/3 2015/3 2016/3 Interests and Dividend of Investment Securities Duration of Bonds ＜non-consolidated＞ (JPY in millions) Interests Devidend [Shonai Bank] Domestic Bonds Foreign bonds 8.00 5.92 4.86 5.36 14,000 12,975 6.00 581 12,000 4.00 4.51 9,627 2.00 10,000 3.14 3.71 516 7,676 0.00 8,000 6,467 410 2014/3 2015/3 2016/3 6,000 4,824 457 12,393 [Hokuto Bank] 8.00 Domestic Bonds Foreign bonds 420 9,110 5.57 6.03 4,000 7,264 6.00 6,010 2,000 4,400 4.00 4.71 0 2.00 3.97 3.97 FY11 FY12 FY13 FY14 FY15 0.00 2014/3 2015/3 2016/3 Copyright(c) 2016 FIDEA Holdings Co.Ltd. All rights reserved. - 8 - Investment Securities (Continued)

Unrealized Gains/Losses on Securities Portfolio (JPY in millions) Bonds Gains/Losses on Debt Securities Equity 50,000 Others(Investment Trusts, REIT, etc.)

(JPY in millions) FY11 FY12 FY13 FY14 FY15 45,000

Selling gains 2,179 1,896 1,750 1,276 2,683 40,000 Redemption gains - - - 41 - 35,000 22,833 15,398 Selling losses 313 1,009 947 264 536 30,000 Redemption losses - - - - - Impairment - 2,039 - - - 25,000 5,601 Gains/Losses on Debt 1,866 (1,153) 802 1,053 2,147 20,000 Securities 10,765 7,899 9,230 15,000

2,816 22,221 10,000 4,034 Gains/Losses on Equity 13,137 5,000 10,207 8,808 5,441 (JPY in millions) FY11 FY12 FY13 FY14 FY15 0 (395) (3,469) Selling gains 594 901 2,232 1,834 3,281 (5,000) 2012/3 2013/3 2014/3 2015/3 2016/3 Selling losses 1,058 1,835 147 78 918 1,576 20,923 22,074 46,736 43,221 Impairment 90 108 119 36 24 Nikkei* 9,962 12,243 14,475 19,197 16,897 Gains/Losses on Equity (554) (1,042) 1,965 1,718 2,338 10-yr JGB 0.99% 0.56% 0.64% 0.40% (0.05)%

Average Balance and Deposit Rate Balance by Prefecture ＜2 Banks＞ (Including Negotiable Deposits) ＜2 Banks＞ (JPY in billions) Shonai Bank Hokuto Bank Deposit rate (JPY in billions) Akita Yamagata Miyagi Others 4,000 0.12% 0.11% 0.11% 3,000 0.10% 0.10% 2,503 2,587 2,500 2,303 2,377 2,178 239 250 3,000 2,619 192 213 2,384 2,473 2,000 152 2,145 2,253 958 1,036 1,051 2,000 1,266 1,500 876 926 1,207 1,228 1,149 1,167 1,000 1,000 1,353 500 1,091 1,123 1,139 1,155 1,191 996 1,086 1,176 1,245 0 0 FY11 FY12 FY13 FY14 FY15 2012/3 2013/3 2014/3 2015/3 2016/3

Balance by Depositor ＜Shonai Bank＞ Balance by Depositor ＜Hokuto Bank＞

(JPY in billions) Retail Corporate Others (JPY in billions) Retail Corporate Others 1,365 1,400 1,311 1,400 1,202 1,174 1,192 1,221 1,143 1,119 1,159 1,200 1,059 1,200 258 259 1,000 1,000 232 234 219 244 218 231 230 800 220 800 600 600 953 991 846 841 852 878 900 400 731 823 400 818 200 200 0 0 2012/3 2013/3 2014/3 2015/3 2016/3 2012/3 2013/3 2014/3 2015/3 2016/3

Net Fees and Commissions Income ＜2 Banks＞ Net Fees and Commissions Revenue ＜2 Banks＞

(JPY in millions) Investment trusts Insurance (JPY in millions) Exchange Others 10,000 6,000 8,655 8,789 8,857 5,335 5,404 5,246 7,651 7,925 5,000 4,654 4,771 8,000 2,808 2,782 3,075 2,542 2,563 4,000 6,000 3,000 1,812 1,801 1,764 1,841 4,000 1,851 2,000 2,891 3,107 2,997 2,200 2,399 1,000 2,000 1,056 1,121 1,143 1,099 1,020 0 0 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15 Investment Product Sales ＜Shonai Bank＞ Investment Product Sales ＜Hokuto Bank＞

(JPY in billions) (JPY in billions) Investment trusts Public bonds Investment trusts Public bonds Life insurance (*) Life insurance (*)

200 182 200 190 189 184 184 178 169 174

120 133 132 119 117 122 136 139 100 100

10 8 11 8 7 15 7 5 51 50 44 43 41 46 40 38 0 0 2014/9 2015/3 2015/9 2016/3 2014/9 2015/3 2015/9 2016/3 * remaining balance of contracts as of term end

General and Administration Expenses Core Gross Profits and Core OHR

Personnel costs Non-personnel costs Tax Core Gross Profits Core OHR (JPY in millions) (JPY in millions) 35,000 78.06% 75.75% 28,793 28,686 29,233 29,149 74.43% 74.84% 72.53% 30,000 28,147 50,000 1,376 1,415 1,428 1,665 1,770 25,000 40,000 12,442 11,892 12,030 12,194 11,546 20,000 30,000 15,000 20,000 36,882 37,812 37,866 39,060 40,185 10,000 14,974 14,838 15,227 15,374 15,831 5,000 10,000 0 0 FY11 FY12 FY13 FY14 FY15 FY11 FY12 FY13 FY14 FY15

Credit Costs Non-Performing Loans ＜2 Banks＞

(JPY in millions) Bankrupt or de-facto bankrupt Doubtful Special attention (JPY in million) FY11 FY12 FY13 FY14 FY15 2.79% 2.84% General allowance 80,000 (469) (1,705) 587 (23) (12) 2.35% 2.32% for loan losses 2.17% 60,000 48,459 Write-off loans 3,530 3,034 2,015 2,735 2,861 43,388 38,572 40,950 39,058 Recoveries of 40,000 17,719 428 336 129 191 214 16,491 10,443 10,259 8,660 written-off claims 20,000 18,960 20,677 24,488 23,803 19,575 Credit Costs 2,631 992 2,474 2,520 2,634 7,938 7,451 10,823 0 6,251 6,887 2012/3 2013/3 2014/3 2015/3 2016/3

Covered Ratio of Non-Performing Loans ＜2 Banks＞

【2016/3 balance】 (JPY in millions) NPL amount Covered amount Covered ratio (a) (b) Reserve Collateral,Guaranties b÷a Bankrupt or de-facto bankrupt 10,823 10,823 5,657 5,165 100.00% Doubtful 19,575 17,878 3,117 14,761 91.33% Special attention 8,660 5,310 1,052 4,258 61.32% Total 39,058 34,012 9,826 24,185 87.08%

【2015/3 balance】 NPL amount Covered amount Covered ratio (a) (b) Reserve Collateral,Guaranties b÷a Bankrupt or de-facto bankrupt 6,887 6,887 2,685 4,202 100.00% Doubtful 23,803 21,051 4,487 16,563 88.43% Special attention 10,259 6,894 1,302 5,592 67.20% Total 40,950 34,833 8,475 26,358 85.06%

【2014/3 balance】 NPA amount Covered amount Covered ratio (a) (b) Reserve Collateral,Guaranties b÷a Bankrupt or de-facto bankrupt 6,251 6,251 2,572 3,679 100.00% Doubtful 24,488 21,750 5,009 16,741 88.81% Special attention 17,719 9,237 2,487 6,749 52.13% Total 48,459 37,239 10,069 27,169 76.84%

FIDEA Holdings

Founded 2009 through consolidation of Hokuto Bank and Shonai Bank Headquarters Sendai city, Miyagi prefecture CEO Seiji Satomura Function Management & administrative functions only Market Capitalization JPY30.2billion (as of April 28, 2016) & Listing Tokyo Stock Exchange 1st Section

Shonai Bank Hokuto Bank

Founded 1878 Founded 1895

Headquarters Tsuruoka city, Yamagata prefecture Headquarters Akita city, Akita prefecture

CEO Hideo Kunii CEO Eikichi Saito

# of employees 836 (as of March 31, 2016) # of employees 850 (as of March 31, 2016)

85 (as of March 2016) 83 (as of March 2016) Branches • Yamagata:64, Miyagi:14, Akita:1, Branches • Akita:79, Miyagi:1, Yamagata:1 , Fukushima:2 ,Tokyo: 3 and Other: 1 Tokyo:1 and Other: 1

■ The FIDEA Group is a financial group that operates in broad areas with its core banks of The Shonai Bank, Ltd. (based in Yamagata Prefecture) and The Hokuto Bank, Ltd. (Akita Prefecture). ■ Shonai Bank, which also has a certain scale of business base in the neighboring Miyagi Prefecture's Sendai district, is competitive in the retail sector such as investment trust and mortgage loans. Its services are based on various sales channels such as in-store branches located in AEON and other commercial facilities that attract visitors as well as its “mortgage loan square," which offers mortgage finance consultation. ■ Hokuto Bank, mainly operating in Akita Prefecture, moves ahead with the retail sector sales by, among others, opening in-store branches based on Shonai Bank's know-how. It also has a past record of loans for the wind power generation and medical/nursing care businesses to take advantage of the local characteristics.

【Open Platform Strategy】

(1) FIDEA HOLDINGS and affiliated Banks are sharing clearly own missions , responsibilities and roles of FIDEA group management. (2) While globalization of regional economies is progressing, FIDEA is enhancing its “Competitive Edge” through pursuing specialties at the Holding Company.

SHONAIBANK [ Creating the Platform for the Regions ] as a management strategy HOKUTOBANK

[ Providing the Innovative Foundation ] as a management strategy

■ Fortifying corporate governance over the group ■ Expanding own market by pursuing wider range of business area ■ Securing personnel who have expertise in various fields related to financial services and management ■ Enhancing risk management and internal audit system over the whole Group ■ Establishing and executing ICT Strategy covering the whole Group comprehensively ■ Planning and implementing the optimum capitalization strategy focusing on soundness, efficiency and business expansion

■ “ OPEN ” means , “ Open to any interested parties for encouraging them to join FIDEA” ■ “ PLATFORM ” means, “ FIDEA HOLDINGS is the platform integrating various expertise to carry on financial group strategy ”

Revenue Accretion Initiatives under Single Strategy Integration of Middle and Back Office Functions and IT

 Completed integration of backbone IT system in May 2014  Completion of integration of middle and back office functions  Creation of a group-wide division in charge of marketing strategy and new product/service development (e.g. insurance, e-banking, and Tokyo overseas business)

 Sharing operational  Assignment of a group-wide Akita success/lesson Chief Marketing Officer  System transfer  Securities  Joint/simultaneous investment marketing initiative  Operation center  Market risk management  Synergies by friendly competition

 Continuous review and formulation of Sendai group-wide business strategy Yamagata

 ALM/total risk  Market business back management office  Financial control  Investment trust / insurance back office

■ Implementation of group-wide initiatives for revenue accretion ■ Completed integration of middle and back office functions and IT system

① Direct alliance ② Bangkok Declaration(*) China Vietnam South Korea ③ Alliance of payment and ① ② China Minsheng Vietcombank ①③ KEB Hana Bank settlement operations ① Baoviet Holdings Banking Corp ④ Alliance mediated by Japan Bank ② Vietnam Joint Stock ② Ping An Bank for International Cooperation Commercial Bank for ③ Bank of China (*) On 3 November 2014, total 35 reputable Industry and Trade banks in each region joined Bangkok Declaration, 9 from ASEAN countries, China and Korea, and 26 from different prefectures Laos in Japan. ② Banque Pour Le The declaration aims to establish an innovative multilateral platform connecting Commerce Exterieur Asian financial institutions. Lao Public

Thailand India ④ State Bank of India Hokuto Bank’s representative office ①② KASIKORNBANK Hawaii, USA ① The Board of Investment of Thailand ① American Savings Bank Cambodia The Philippines ② Canadia Bank ①② BDO Unibank

Malaysia ① Malaysian Industrial Development Finance Mexico Indonesia ④ State of Jalisco ① Bank Negara Indonesia ④ State of Aguascalientes ② Bank Central Asia

■ FIDEA has been continuously expanding its business alliance with key local partners especially in Asia, to fully support the overseas expansions of its corporate clients

Shonai Bank’s branches Akita Prefecture Hokuto Bank’s branches Population (2015) 1.0 million

Gross prefectural product JPY 3.5 trillion (nominal 2012)

# of companies (2014) 16 thousand Miyagi Prefecture Deposits for individual JPY 2.5 trillion customers of banks (2015) Population (2015) 2.3 million Sendai Gross prefectural product Yamagata Prefecture JPY 8.3 trillion (nominal 2012) Population (2015) 1.1 million # of companies (2014) 40 thousand Gross prefectural product JPY 3.6 trillion (nominal 2012) Deposits for individual JPY 6.6 trillion customers of banks (2015) # of companies (2014) 19 thousand

Deposits for individual Tokyo JPY 3.0 trillion customers of banks (2015)

Extracted from the ‘kinyu map’ of The Financial Journal Co., Ltd.

■ Due to the population increase in Sendai, there are substantial retail business opportunities in Miyagi