Management Greeting

Thank you for your continuing support of Aozora Bank.

The Bank celebrated its 60th anniversary in March of this year. And while 1998 saw an unavoidable transition to special public management (temporary nationalization), in 2000, with the support of public funds, we were privatized once again and started anew as Aozora Bank.

Following this new beginning, in 2015 we fully repaid the public funds received at privatization and have aimed to become a “ Primary Secondary Bank: An Even More Reliable Partner” through the provision of differentiated and specialized financial services.

Aiming to further strengthen our business continuity preparedness and increase productivity, in 2016 we successfully converted the Bank’s Kanjo-kei core banking system and, in May of this year, we relocated our head office to the campus of Sophia University.

In FY2016, the banking sector continued to experience a difficult business environment due to ongoing uncertainty in global market conditions. In the face of these conditions, we were pleased to have exceeded our previous year’s earnings as well as our full-year earnings forecast. This positive result was a product of several factors including our ongoing focus on disciplined balance sheet management and diversification of income sources. As a result, we announced a full-year dividend of 18.70 yen per common share for FY2016, exceeding the forecast by 0.30 yen.

Going forward, we remain committed to leveraging our expertise and the provision of differentiated services in order to further enhance Aozora’s corporate value, while responding appropriately to the changes in challenges facing management.

We also reaffirm our commitment to quality communications with our stakeholders. In addition, we expect to provide full support for our customers as well as contribute to the economic and social development of Japan.

I believe the Bank was able to reach this 60-year milestone due to the steady support of our stakeholders. On behalf of the management team of Aozora Bank, I would like to thank all of our stakeholders for their continued support.

July 2017
Shinsuke Baba
Representative Director, President
and Chief Executive Officer