Financial Highlights
FY2024 3rd Quarter Financial Highlights
- Net revenue
- 62.7
billion yen
(2.0 billion yen increase year-on-year, progress rate*1: 75%)
- Business-related
profit*2 - 21.0
billion yen
(2.2 billion yen increase year-on-year, progress rate*3: 85%)
- Profit attributable to
owners
of parent - 16.2
billion yen
(30.9 billion yen increase year-on-year, progress rate*1: 90%)
■ Business overview
- Net interest income*4 grew by 6.4 billion yen year-on-year, 3.7 billion yen of which represented domestic growth, as a result of ALM operations based upon higher yen interest rates
- Aozora’s Strategic Investments Business, the Bank’s focused area, remained strong mainly in corporate lending, LBO financing and renewable energy financing transactions
- GMO Aozora Net Bank (GANB) achieved profitability in terms of both business profit and net income in 3Q for the first time since the launch of the business
■ Balance sheet repositioning
- U.S. non-recourse office loans:
Workouts progressed and the number of “In Danger of Bankruptcy” borrowers declined to 13, from 21 as of December 31, 2023 when Aozora started the workout process. Outstanding balances also decreased by US$290 million (approximately 40%) from US$719 million to US$428 million - Securities portfolio:
The net risk balance of legacy assets was maintained at zero. Unrealized losses were within controllable levels in line with the plan for FY2024
■ Progress on the capital and business alliance with Daiwa Securities Group
- The alliance got off to a good start as Aozora began to provide corporate finance (including investments and loans to start-ups) to customers referred by Daiwa Securities Group as well as real estate finance and other financial products
■ 3Q dividend: 19 yen per common share (full-year dividend forecast: 76 yen per common share)
- Percentage progress towards full-year earnings forecast
- Business profit + Gains/losses on stock transactions
- Percentage progress towards the full-year plan
- Excluding gains on cancellation of investment trusts
Financial highlights
Net revenue
Negative figures are not displayed in this graph. For actual figures, please refer to the table below.
(billion yen)
|
FY2020 |
FY2021 |
FY2022 |
FY2023 |
FY2024 |
|
|---|---|---|---|---|---|
|
1Q |
21.3 |
26.7 |
21.4 |
17.7 |
20.7 |
|
2Q |
45.0 |
52.4 |
43.3 |
44.5 |
41.4 |
|
3Q |
69.1 |
79.3 |
55.2 |
60.6 |
62.7 |
|
Full-year |
96.5 |
103.0 |
59.5 |
50.9 |
- |
Business profit
- Negative figures are not displayed in this graph. For actual figures, please refer to the table below.
(billion yen)
|
FY2020 |
FY2021 |
FY2022 |
FY2023 |
FY2024 |
|
|---|---|---|---|---|---|
|
1Q |
8.5 |
13.4 |
7.3 |
3.1 |
6.4 |
|
2Q |
19.0 |
25.7 |
15.0 |
15.6 |
12.3 |
|
3Q |
29.7 |
38.8 |
12.9 |
17.2 |
17.9 |
|
Full-year |
42.6 |
47.8 |
2.5 |
-8.5 |
- |
Ordinary profit
- Negative figures are not displayed in this graph. For actual figures, please refer to the table below.
(billion yen)
|
FY2020 |
FY2021 |
FY2022 |
FY2023 |
FY2024 |
|
|---|---|---|---|---|---|
|
1Q |
8.7 |
15.6 |
11.3 |
7.3 |
5.8 |
|
2Q |
18.9 |
26.4 |
20.4 |
14.3 |
9.9 |
|
3Q |
28.8 |
38.7 |
18.4 |
-24.8 |
13.2 |
|
Full-year |
38.9 |
46.2 |
7.3 |
-54.8 |
- |
Profit attributable to owners of parent
- Negative figures are not displayed in this graph. For actual figures, please refer to the table below.
(billion yen)
|
FY2020 |
FY2021 |
FY2022 |
FY2023 |
FY2024 |
|
|---|---|---|---|---|---|
|
1Q |
7.4 |
11.5 |
8.3 |
6.7 |
7.5 |
|
2Q |
15.1 |
19.4 |
15.3 |
12.0 |
11.9 |
|
3Q |
22.0 |
28.5 |
15.7 |
-14.7 |
16.2 |
|
Full-year |
28.9 |
35.0 |
8.7 |
-49.9 |
- |
Total assets, loans, deposits
(billion yen)
|
Mar. 2021 |
Mar. 2022 |
Mar. 2023 |
Mar. 2024 |
Dec. 2024 |
|
|---|---|---|---|---|---|
|
Deposits / |
4,012.5 |
4,871.5 |
5,497.3 |
5,776.3 |
5,797.3 |
|
Loans and bills discounted |
2,948.8 |
3,317.1 |
3,881.3 |
4,071.2 |
4,287.5 |
|
Total assets |
5,916.8 |
6,728.6 |
7,184.0 |
7,603.0 |
7,924.5 |
- The point of time (month-year) in the table represents the end of each month.
Capital adequacy ratio*
(billion yen)
|
Mar. 2021 |
Mar. 2022 |
Mar. 2023 |
Mar. 2024 |
Dec. 2024 |
|
|---|---|---|---|---|---|
|
Capital |
11.03% |
10.37% |
9.43% |
9.23% |
10.67% |
|
Regulatory |
481.5 |
500.3 |
490.0 |
429.0 |
490.8 |
- * Basel 3, Domestic standard
- The point of time (month-year) in the table represents the end of each month.
PL summary
(billion yen)
|
FY2020 |
FY2021 |
FY2022 |
FY2023 |
FY2024 |
|||||
|---|---|---|---|---|---|---|---|---|---|
|
1Q |
Interim |
3Q |
|||||||
|
Net revenue |
96.5 |
103.0 |
59.5 |
50.9 |
20.7 |
41.4 |
62.7 |
||
|
Net interest income |
50.0 |
51.6 |
51.0 |
42.0 |
12.0 |
24.7 |
36.5 |
||
|
Non-interest income |
46.4 |
51.3 |
8.4 |
8.8 |
8.6 |
16.7 |
26.2 |
||
|
Net fees and commissions |
12.4 |
14.0 |
13.3 |
20.4 |
5.6 |
10.4 |
18.3 |
||
|
Net trading revenues |
13.4 |
16.6 |
4.1 |
1.6 |
1.2 |
1.3 |
1.4 |
||
|
Net other ordinary income |
20.5 |
20.7 |
-9.0 |
-13.2 |
1.7 |
4.8 |
6.3 |
||
|
General & administrative expenses |
-54.9 |
-57.7 |
-59.3 |
-61.8 |
-14.9 |
-30.3 |
-46.1 |
||
|
Gains/losses on equity |
1.1 |
2.6 |
2.3 |
2.3 |
0.7 |
1.2 |
1.3 |
||
|
Business profit |
42.6 |
47.8 |
2.5 |
-8.5 |
6.4 |
12.3 |
17.9 |
||
|
Credit-related expenses |
-4.3 |
-3.7 |
-1.7 |
-46.9 |
-1.3 |
-3.6 |
-7.3 |
||
|
Gains/losses on stock transactions |
2.3 |
2.0 |
8.4 |
1.6 |
0.7 |
1.8 |
3.0 |
||
|
Ordinary profit |
38.9 |
46.2 |
7.3 |
-54.8 |
5.8 |
9.9 |
13.2 |
||
|
Profit before income taxes |
38.9 |
45.9 |
7.3 |
-53.1 |
9.3 |
13.1 |
16.4 |
||
|
Taxes |
-12.2 |
-12.9 |
-0.6 |
1.4 |
-2.0 |
-1.9 |
-0.6 |
||
|
Gains/losses attributable to non-controlling interests |
2.2 |
1.9 |
2.0 |
1.8 |
0.2 |
0.7 |
0.4 |
||
|
Profit attributable to owners of parent |
28.9 |
35.0 |
8.7 |
-49.9 |
7.5 |
11.9 |
16.2 |
||
Balance sheet summary
(billion yen)
|
Mar. 2021 |
Mar. 2022 |
Mar. 2023 |
Mar. 2024 |
Dec. 2024 |
||
|---|---|---|---|---|---|---|
|
Loans and bills discounted |
2,948.8 |
3,317.1 |
3,881.3 |
4,071.2 |
4,287.5 |
|
|
Securities |
1,393.3 |
1,478.1 |
1,278.7 |
1,186.5 |
1,322.4 |
|
|
Cash and due from banks |
950.1 |
1,141.9 |
1,275.0 |
1,579.7 |
1,424.4 |
|
|
Trading assets |
154.6 |
133.0 |
151.2 |
173.7 |
206.0 |
|
|
Other |
469.9 |
658.3 |
597.6 |
591.6 |
684.0 |
|
|
Total assets |
5,916.8 |
6,728.6 |
7,184.0 |
7,603.0 |
7,924.5 |
|
|
Deposits / Negotiable certificates of |
4,012.5 |
4,871.5 |
5,497.3 |
5,776.3 |
5,797.3 |
|
|
Debentures / Bonds |
198.3 |
168.9 |
147.7 |
181.3 |
130.6 |
|
|
Borrowed money |
349.7 |
432.3 |
525.6 |
563.3 |
700.8 |
|
|
Cash collateral received for securities lent |
431.6 |
356.9 |
215.9 |
260.6 |
354.5 |
|
|
Trading liabilities |
140.4 |
129.2 |
121.8 |
165.0 |
206.7 |
|
|
Other |
294.0 |
282.3 |
244.3 |
265.0 |
279.1 |
|
|
Total liabilities |
5,426.8 |
6,241.3 |
6,752.9 |
7,211.9 |
7,469.1 |
|
|
Total net assets |
490.0 |
487.2 |
431.1 |
391.0 |
455.3 |
|
|
Total liabilities and net assets |
5,916.8 |
6,728.6 |
7,184.0 |
7,603.0 |
7,924.5 |
|
- The point of time (month-year) in the table represents the end of each month.
Results by business segment*
- Business revenue (total of net revenue, gains/losses on equity method investments and stock transactions; management accounting basis)
- Figures for 2Q include all results starting from 1Q up through 2Q, and figures for 3Q include all results starting from 1Q up through 3Q.
- Figures are rounded down to the nearest specified unit and ratios are rounded off to two decimal places.