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AOGIN Annual Report 2018 the Aomori Bank,Ltd

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AOGIN Annual Report 2018 the Aomori Bank,Ltd AOGIN Annual Report 2018 The Aomori Bank,Ltd. AOGIN Annual Report 2018 AOGIN Annual Report 2018 Profile Aomori Bank has been serving its customers for 140 years and is known affectionately in the area as “AOGIN” The Aomori Bank, Ltd. has traveled the path of sound business management for about 140 years since its founding in 1879. In 1943, five banks based in Aomori Prefecture merged to form the present-day Aomori Bank, after which we have continued our strong growth as the region’s leading financial institution. In April 2016, we formulated our 15th three-year medium-term business plan. Based on this plan, we aim to increase corporate value and to be able to grow along with the local community. ●Company Name The Aomori Bank, Ltd. ●Head Office 9-30, Hashimoto 1-chome, Aomori 030-0823, Japan ●Web URL https://www.a-bank.jp/ ●Date of Establishment October 1, 1943 ●Date of Foundation January 20, 1879 ●Number of Employees 1,326 ●Number of Offices 100 ●Paid-in Capital 19,562 million yen ●Number of Outstanding Shares 20,512 thousand shares ●Total Assets 2,899.1 billion yen ●Loans and Bills Discounted 1,744.5 billion yen ●Capital Adequacy Ratio 9.35% (Domestic Standards) ●Credit Rating A (Japan Credit Rating Agency, Ltd.) Contents ▼Greeting…………………………………………………… 1 ▼Non-consolidated Financial Statements …… 10～13 ▼The 15th Medium-Term Business Plan …………… 2 ▼Board of Directors and Executive officers ………… 14 ▼AOGIN’s CSR Initiatives ………………………… 3～6 ▼Organization …………………………………………… 14 ▼Financial Highlights ………………………………… 7～8 ▼Corporate Data ………………………………………… 15 ▼Share in Aomori Prefecture and Loan Assets ……… 9 Greeting I would like to sincerely thank all of our stakeholders for your continued support for the Aomori Bank, Ltd. We present the "AOGIN NOW̶A Brief Disclosure Document for the Year Ended March 2018," and invite you to read this booklet to further deepen your understanding of the Bank. In fiscal 2017, the economy of Aomori Prefecture remained on a gradual recovery track supported by steady consumer spending and housing investment. Partly due to influences such as an improved international image of Aomori Prefecture as a tourist destination and additional regular international and charter flights through the winter, inbound demand has increased steadily. This has stimulated the prefecture's economy to a measurable extent. Capturing such inbound demand, which is forecast to grow in the future, is expected to generate further ripple effects on the prefecture's economic activity. Fiscal 2018 marks the final year of the 15th medium-term business plan, "AOGIN Leading Plan," which started in April 2016. We will steadily promote the strengthening of field sales capabilities, a policy of the medium-term business plan, to complete the plan. All our directors and employees will also strive to improve their work-life balance, promote further participation by women, and embrace healthy management practices, thereby enhancing the corporate value and competitiveness of the entire Aomori Bank Group. We will mark our 140th anniversary in January 2019. Since our founding in 1879, we have come a long way together with people in the community. Under our corporate philosophy of "working for the community, together with customers, and respecting people," we will continue to respond to the expectations and trust of the local community, and contribute to building the future of this vibrant region. Finally, I sincerely ask for your continued support and loyalty. October 2018 Susumu Narita, President 1 AOGIN Annual Report 2018 The 15th Medium-Term Business Plan AOGIN Leading Plan Leading in Financing Leading in Regional Leading in Community Plan Duration: Financial Services Revitalization April 2016 to March 2019 (three years) To become the most trusted bank in the prefecture with a prominent Vision presence that fosters community revitalization Policy Strengthening field sales capabilities Speed Power of Information Foresight ● We aim to achieve the vision spelled out in the Business Plan by outpacing competitors through rapid response to market shifts, sales activities that take advantage of the most up-to-date information, the active use of the most accurate information and knowledge and the implementation of strategies and investments that have the best interests and the futures of our community and customers in ●With the goal of improving corporate value and competitiveness, the head office and all branch offices will collaborate to strengthen the Bank's field sales capabilities. Basic Strategies/Key Measures 【Basic Strategy I 】 【Basic Strategy II 】 【Basic Strategy III 】 Improve competitiveness by Actively engage in Develop and strategically restructuring the sales system regional revitalization allocate human resources 【Key Measures】 【Key Measures】 【Key Measures】 1. Strengthen regional sales capabilities, 1. Strengthen support for developing 1. Strengthen human resource regional industries, development and encourage the efforts 2. Strengthen corporate sales capabilities, of these employees, 2. Engage in efforts to evaluate the viability 3. Strengthen individual sales capabilities of business operations 2. Allocate talented human resources strategically to meet market needs 【Basic Strategy IV 】 【Basic Strategy V 】 Take advantage of affordable, Strengthen the operating base advanced ICT 【Key Measures】 【Key Measures】 1. Strengthen governance, 2. Reinforce security management, 1. Strengthen sales capabilities through 3. Enhance risk management, 4. Review operations at the head office and sales branches, closer cooperation between sales branches and the head office, 5. Shore up collaborations with affiliate companies, 2. Employ advanced ICT to support sales 6. Counteract the negative interest rate policy 2 AOGIN Annual Report 2018 AOGIN’s CSR Initiatives Contributing to an Affluent Hometown Presentation of the AOGIN Award To commemorate the Bank's 50th anniversary, the AOGIN Award was created in 1993 to award individuals and organizations who contribute to the promotion of industry, community development, learning, culture, sports, and the like in Aomori Prefecture. It has been awarded to 77 recipients, including 68 organizations and nine individuals. We held the 25th award ceremony for 2017 at Aomori Kokusai Hotel (Aomori City) in October of the same year, and presented AOGIN Awards to the following four organizations. <Regional Industry category> ・Tamura Farm Co., Ltd. Forte Inc. <Regional Contribution category> ・Hachinohe Float Promotion Association ・Goshogawara Agriculture and Forestry High School Initiative for Promoting Regional Sports To help give provide a dream and inspiration to our youth of our area、the youth who will play an important part in the future and revitalization of area, AOGIN has been an active sponser of the Aomori Wat’s of the Japan Professional Basketball League (B.League). The Bank has been an official sponsor since the club joined the Basketball Japan bj League in October 2013. AOGIN also acted as the title sponsor of the Aomori Bank Night Game. Played between the Tohoku Rakuten Golden Eagles and ORIX Buffaloes in June 2017 at Hirosaki City Haruka Yume Stadium, this was the first professional baseball game held in Aomori Prefecture in 29 years. In 2018, as part of our support for the promotion of sports in the region, we placed an advertisement on the number cards (number cloths) issued by the Aomori Athletic Association to registered competitors. The cards for 2018, featuring AOGIN's name, logo, and the aomo character, will be worn by competitors at eleven events to be held in 2018. Events include those held by the Nippon Junior High School Physical Culture Association and the inter-school athletics competition. Donation of the Aomori Bank Memorial Hall (important cultural property) to Hirosaki City In cooperation with Hirosaki City and in the support of it’s project to promote tourism and attract visitors through the development of sightseeing spot, AOGIN donated the Aomori Bank Memorial Hall to the city in April 2018. The Aomori Bank Memorial Hall was built as the main branch of the 59th Bank,Ltd. in 1904 and became the Hirosaki Branch of the Aomori Bank, Ltd. when the present Aomori Bank was formed in 1943. In 1965, when a new Hirosaki Branch building was completed, the branch was relocated and its name was changed to the Aomori Bank Memorial Hall in 1967. Then, in 1972, the building was designated as an important cultural property of Japan. Small Kindness Movement The Aomori Headquarters of the Small Kindness Movement, whose secretariat is hosted by AOGIN, was awarded the Small Kindness Movement Grand Prize at the movement's national awards ceremony. This is its highest award, and is presented to an organization that has contributed to the Small Kindness Movement over a long period of time. We have taken on the secretariat position of the Aomori Headquarters of the Small Kindness Movement since 1985, and have been running the "Spring Cleanup Operation" since 1996. Today, the operation has grown to become a special feature event of the spring season, where roughly 100,000 volunteers get together across Aomori Prefecture during the time this event is held. The April 2018 event, the 24th "Aomori Spring Cleanup Operation,” took place all around the prefecture. 3 AOGIN Annual Report 2018 Supporting Everyone's Tomorrow Initiatives for Enhancing the Business of Livestock Farmers In March 2018, AOGIN provided joint financing with the Japan Finance Corporation to Farm Akasaka (Representative: Noriko Nakai), a farm for breeding Japanese black beef cattle in Sannohe Town. Ms. Nakai is one of the few females in the livestock industry and in 2017 she received the grand champion prize at the Aomori Livestock Farm Competitive Exhibition. She also exhibited in 2017 at the National Wagyū Quality Competitive Exhibition (Japanese Beef Olympics), representing Aomori Prefecture. We think very highly of Ms. Nakai's calf-breeding technology and her innovations, such as saving labor through the introduction of IoT and her collaborations with farmers who provide feed rice for her cattle. We felt strongly that her work will serve as a model in the Sannohe district where the livestock industry has long flourished.
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