Annual Report 2006 レー 2006新生銀行年報2 P01 06.6.22 7:49 PM ページ H2
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1 5 2 1 受 - 0 注 9 番 SHINSEI BANK, LIMITED 1 1 号 0 ( 株) ア ル 得 フ ァ 意 ・ キ 先 ュ ー 名 ブ 様 2006 新 生 (銀 品 英行 文 AR ) 名 色 5C 数 280 mm サ × イ 438 ズ mm Annual Report 2006 06/08 1 岩田 日 06/14 付 2 ・ 米澤 作 業 00/00 担 3 ■■■ 当 者 00/00 4 ■■■ 作 業 M PC A C 進 行 担 当 M C Y BL 特グレー レー 2006新生銀行年報2_P01 06.6.22 7:49 PM ページ H2 Business Line Ordinary Consolidated Total Shareholders’ Business Profit Equity and Capital Adequacy Ratio (Billions of yen) (Billions of yen) (%) 80 77.5 1,000 24 Growing Three Business Pillars 21.1% 855.3 Effic 786.6 59.1 59.3 730.0 60 750 18 51.4 Shinsei Bank’s focus on strengthening Unde 15.5% 40 its long-term earnings power is reflected 500 12 busin 11.8% in its consistent growth in ordinary appro 20 17.1 250 6 7.6 2.5 5.9 business profit (OBP). Fiscal 2005 OBP As at 0 0 0 (5.0) was ¥137.7 billion, up from ¥81.9 billion 3/2004 3/2005 3/2006 capita 3/2004 3/2005 3/2006 Institutional banking a year ago. Over the past two years, Total shareholders’ equity capita Consumer and commercial finance Capital adequacy ratio Retail banking OBP has grown at a compound annual growth rate of 58%. Profile (Consolidated) (As of March 31, 2006) Establishment December 1952 Total Capital Adequacy Ratio 15.5% Total Assets ¥9,405.0 billion Tier I Capital Ratio 10.3% Deposits, including Negotiable Certificates Number of Employees: of Deposit ¥4,071.7 billion Consolidated: 5,407 Debentures and Corporate Bonds ¥1,316.9 billion Non-Consolidated: 2,094 Loans and Bills Discounted ¥4,087.5 billion Branches: (Non-Consolidated) Securities ¥1,494.4 billion Domestic: 29 Branches, including Head Office; 9 Annexes Total Shareholders’ Equity ¥855.3 billion Overseas: 1 Branch; 1 Representative Office Forward-Looking Statements This annual report contains statements that constitute forward-looking statements. These statements appear in a number of places in this annual report and include statements regarding our intent, belief or current expectations, and/or the current belief or current expectations of our officers with respect to the results of our operations and the financial condition of the Bank and its subsidiaries. Such statements reflect our current views with respect to future events and are subject to certain risks, uncertainties and assumptions. Our forward-looking statements are not a guarantee of future performance and involve risks and uncertainties, and actual results may differ from those in such forward-looking statements as a result of various factors. 2006新生銀行年報2_P01 06.6.22 7:49 PM ページ 1 Consolidated Total Revenue and Non-Interest Income (Billions of yen) (%) 320 80 Efficient Capital for Growth 69.9% Revenue Diversification 62.4% 273.4 Underpinning Shinsei’s fundamental 240 53.7% 60 Flexibility, quality and innovation 191.1 business growth is a disciplined 160 177.8 40 are fundamental components of approach to managing capital efficiency. 123.5 110.9 the Shinsei approach. Shinsei has 80 20 As at March 31, 2006, the consolidated 66.3 the ability to nimbly enter new 0 0 capital adequacy ratio was 15.5%. Tier I 3/2004 3/2005 3/2006 markets and provide new services capital ratio was 10.3%. Total revenue that customers want. Proactively Non-interest income developing these high-quality, Non-interest income as a percentage of total revenue value-added products has driven continued diversification of revenue. Non-interest income again increased in Fiscal 2005 to 69.9% of consolidated total revenue. Contents Consolidated Financial Highlights 2 Summary of Events 3 To Our Shareholders, Customers and Employees 4 A Tribute to Mr. Masamoto Yashiro 11 The Shinsei Bank Management Team 12 Shinsei Vision and Values 13 Shinsei Bank’s Three Pillar Strategy 14 Strategic partnership with Jih Sun Financial Institutional Banking Business: Holding Co., Ltd. Developing a Unique Hybrid Banking Model 15 Consumer and Commercial Finance Business: Consolidation of the Third Business Pillar 20 Retail Banking Business: Empowering the Customer 24 Banking Infrastructure Group: Builder and Driver of Business Growth 29 Fulfilling Shinsei Bank’s Social Responsibility 32 Financial Section 38 Organization 135 Directors and Executives / Advisors / Employees 136 Launch of SHINSEI BANK DÉLONGI CAFÉ Major Subsidiaries and Affiliates 137 Corporate Information 138 Web Site 139 2006新生銀行年報2_37 06.6.23 5:21 PM ページ 2 Consolidated Financial Highlights Consolidated Financial Highlights Driving greater growth from a wider business base Shinsei Bank, Limited, and Consolidated Subsidiaries For the fiscal years ended March 31, 2006 and 2005 Millions of Billions of yen U.S. dollars 2005 2006 2006 For the year: Net interest income ¥ 66.8 ¥ 82.2 $ 700.6 Net fees and commissions 32.4 45.4 387.3 Net trading income 23.9 27.5 234.2 Net other business income 54.5 118.0 1,005.3 Total revenue 177.8 273.4 2,327.4 Net income 67.4 76.0 647.8 Cash basis net income 74.7 101.9 867.6 Balances at year-end: Loans and bills discounted ¥ 3,430.4 ¥ 4,087.5 $34,796.6 Total assets 8,576.3 9,405.0 80,063.1 Deposits, including negotiable certificates of deposit 3,452.8 4,071.7 34,662.1 Debentures 1,242.6 1,018.9 8,673.8 Total liabilities 7,735.7 8,287.8 70,552.8 Total shareholders’ equity 786.6 855.3 7,281.3 Per share data (in yen and U.S. dollars): Common shareholders’ equity ¥ 329.65 ¥ 380.20 $ 3.24 Fully diluted shareholders’ equity 390.06 421.62 3.59 Basic net income 46.78 53.16 0.45 Diluted net income 34.98 37.75 0.32 Dividends paid per common share 2.58 2.96 0.03 Cash basis per share data (in yen and U.S. dollars): Basic net income ¥ 52.15 ¥ 72.16 $ 0.61 Diluted net income 38.76 50.55 0.43 Ratios: Return on assets 0.9 % 0.8 % Return on equity (fully diluted) 8.9 9.3 Tier I capital ratio 7.0 10.3 Total capital adequacy ratio 11.8 15.5 Notes: (1) Since all yen figures have been truncated rather than rounded, the totals do not necessarily agree with the sum of the individual amounts. Ratios have been rounded. (2) Unless otherwise specified, dollar figures in this annual report refer to U.S. currency and are presented solely for the readers’ convenience. U.S. dollar amounts are translated at ¥117.47=U.S.$1.00, the rate of exchange prevailing on the Tokyo Foreign Exchange Market on March 31, 2006. (3) Cash basis net income is calculated by excluding amortization of consolidation (acquired) goodwill and intangible assets, net of tax benefit, from net income under Japanese GAAP. (4) Fully diluted shareholders’ equity per share is calculated by dividing shareholders’ equity at the end of the periods presented by the number of common shares that would have been outstanding had all securities convertible into or exercisable for common shares been converted or exercised with an applicable conversion or exercise price within the predetermined range at the end of the period. (5) Return on assets is calculated by dividing net income by the average of total assets at the beginning and end of the period presented. (6) Return on equity (fully diluted) is calculated by dividing net income by the average of fully diluted shareholders’ equity at the beginning and end of the period presented. 2 2006新生銀行年報2_37 06.6.23 5:21 PM ページ 3 Summary of Events Summary of Events Fiscal 2005: A landmark year for Shinsei Bank March New bank launched Received the following awards for Synergy June Changed name from The Long-Term Credit Bank of Japan, Funding: Limited (LTCB), to Shinsei Bank, Limited •IFR’s Deal of the Year 2000 Introduced a management information system (MIS) •Asiamoney ’s Most Innovative Deal in Japan 2004 May Operations of Shinsei Securities Co., Ltd., commenced •ISR’s Deal of the Year in Japan June Launched new retail banking services •FinanceAsia’s Deal of the Year Launched PowerFlex comprehensive account, internet January Announced sales of the Bank’s common shares 2001 banking and 24/7 ATM service March Acquired a controlling interest in Showa Leasing Co., Ltd. January Established Institutional Banking Group Installed ATMs at Tokyo Metro Co., Ltd., subway stations February Began offering PowerSmart housing loan April Received THOMSON Dealwatch’s Commercial Mortgage- October Launched annuities for individuals Backed Securities of the Year 2004 award for Cosmic December Arranged first non-performing loan (NPL) securitization Funding 2002 transaction by a Japanese bank May Operations of Shinsei International Limited commenced Launched new real estate non-recourse loan finance Opened Chikusa BankSpot in Nagoya program, enabling small-scale deals June Launched 32 color cash cards campaign April Operations of Shinsei Investment Management Launched online securities brokerage agent services Co., Ltd. (SIM), commenced with Rakuten Securities, Inc. September Established Hibiya Kids Park, an on-site children’s day Formed an affiliation with NORD/LB and WestLB AG for care center—the first among Japanese banks—for non-performing loan business in Germany Head Office staff 2005 July Launched non-recourse loans for fee-based senior care 2003 Received The Banker ’s 2003 Bank of the Year for Japan award facilities November Selected as sponsor of corporate revitalization process August Opened Shinjuku South BankSpot for Matsuyadenki Co., Ltd.