Financial Highlights
FY2023 3rd Quarter Financial Highlights
- Net revenue
- 60.6
billion yen
(5.3 billion yen increase year-on-year)
- Business-related profit
- 18.8
billion yen
(1.2 billion yen increase year-on-year)
- Profit attributable to
owners
of parent - -14.7
billion yen
(30.4 billion yen decrease)
1. Key points
- Net revenue was 60.6 billion yen, an increase of 5.3 billion yen year-on-year
- Business-related profit (Business profit + Gains/losses on stock transactions) was 18.8 billion yen, an increase of 1.2 billion yen year-on-year. Business-related profit from customer-related business was 36.4 billion yen, an increase of 9.8 billion yen from the previous year mainly driven by Aozora’s Strategic Investments Business
- As for U.S. non-recourse office loans, we reviewed property valuations from a forward-looking perspective, made additional provisions to the loan loss reserves of 32.4 billion yen and recorded total credit-related expenses of 32.9 billion yen in 3Q
- We recorded a net loss of 9.3 billion yen in 3Q from the sale of securities as a result of accelerating the disposition of securities with the aim to secure added flexibility in the securities portfolio management and improve profitability in the next fiscal year and beyond. Unrealized losses on the securities portfolio were 81.5 billion yen as of December 31, 2023, a decrease of 11.0 billion yen from September 30, 2023
2. 3Q dividend: No dividend paid for 3Q
- (No dividend is forecasted for 4Q. As a result, the full-year dividend forecast was revised downwards to 76 yen per share)
3. Information on our revised forecasts for full-year earnings and dividend
Financial highlights
Net revenue
(billion yen)
FY2019 |
FY2020 |
FY2021 |
FY2022 |
FY2023 |
|
---|---|---|---|---|---|
1Q |
23.3 |
21.3 |
26.7 |
21.4 |
17.7 |
2Q |
50.1 |
45.0 |
52.4 |
43.3 |
44.5 |
3Q |
75.0 |
69.1 |
79.3 |
55.2 |
60.6 |
Full-year |
95.7 |
96.5 |
103.0 |
59.5 |
- |
Business profit
(Business profit)
FY2019 |
FY2020 |
FY2021 |
FY2022 |
FY2023 |
|
---|---|---|---|---|---|
1Q |
11.0 |
8.5 |
13.4 |
7.3 |
3.1 |
2Q |
24.9 |
19.0 |
25.7 |
15.0 |
15.6 |
3Q |
36.8 |
29.7 |
38.8 |
12.9 |
17.2 |
Full-year |
42.3 |
42.6 |
47.8 |
2.5 |
- |
Ordinary profit
(billion yen)
FY2019 |
FY2020 |
FY2021 |
FY2022 |
FY2023 |
|
---|---|---|---|---|---|
1Q |
16.8 |
8.7 |
15.6 |
11.3 |
7.3 |
2Q |
29.1 |
18.9 |
26.4 |
20.4 |
14.3 |
3Q |
42.2 |
28.8 |
38.7 |
18.4 |
-24.8 |
Full-year |
43.3 |
38.9 |
46.2 |
7.3 |
- |
Profit attributable to owners of parent
(billion yen)
FY2019 |
FY2020 |
FY2021 |
FY2022 |
FY2023 |
|
---|---|---|---|---|---|
1Q |
11.8 |
7.4 |
11.5 |
8.3 |
6.7 |
2Q |
20.2 |
15.1 |
19.4 |
15.3 |
12.0 |
3Q |
29.7 |
22.0 |
28.5 |
15.7 |
-14.7 |
Full-year |
28.1 |
28.9 |
35.0 |
8.7 |
- |
Total assets, loans, deposits
(billion yen)
Mar. 2020 |
Mar. 2021 |
Mar. 2022 |
Mar. 2023 |
Dec. 2023 |
|
---|---|---|---|---|---|
Deposits / |
3,396.8 |
4,012.5 |
4,871.5 |
5,497.3 |
5,840.7 |
Loans and bills discounted |
2,954.1 |
2,948.8 |
3,317.1 |
3,881.3 |
4,073.5 |
Total assets |
5,299.8 |
5,916.8 |
6,728.6 |
7,184.0 |
7,722.7 |
Capital adequacy ratio*
(billion yen)
Mar. 2020 |
Mar. 2021 |
Mar. 2022 |
Mar. 2023 |
Dec. 2023 |
|
---|---|---|---|---|---|
Capital |
10.29% |
11.03% |
10.37% |
9.43% |
9.34% |
Regulatory |
473.1 |
481.5 |
500.3 |
490.0 |
469.5 |
PL summary
(billion yen)
FY2019 |
FY2020 |
FY2021 |
FY2022 |
FY2023 |
|||||
---|---|---|---|---|---|---|---|---|---|
1Q |
Interim |
3Q |
|||||||
Net revenue |
95.7 |
96.5 |
103.0 |
59.5 |
17.7 |
44.5 |
60.6 |
||
Net interest income |
48.7 |
50.0 |
51.6 |
51.0 |
12.0 |
25.1 |
33.9 |
||
Non-interest income |
46.9 |
46.4 |
51.3 |
8.4 |
5.7 |
19.4 |
26.6 |
||
Net fees and commissions |
12.6 |
12.4 |
14.0 |
13.3 |
4.0 |
10.3 |
14.7 |
||
Net trading revenues |
18.0 |
13.4 |
16.6 |
4.1 |
-1.7 |
0.1 |
0.7 |
||
Net other ordinary income |
16.1 |
20.5 |
20.7 |
-9.0 |
3.3 |
8.9 |
11.1 |
||
General & administrative expenses |
-53.3 |
-54.9 |
-57.7 |
-59.3 |
-15.0 |
-30.4 |
-45.6 |
||
Gains/losses on equity |
- |
1.1 |
2.6 |
2.3 |
0.5 |
1.4 |
2.2 |
||
Business profit |
42.3 |
42.6 |
47.8 |
2.5 |
3.1 |
15.6 |
17.2 |
||
Credit-related expenses |
-11.7 |
-4.3 |
-3.7 |
-1.7 |
-0.9 |
-9.9 |
-42.9 |
||
Gains/losses on stock transactions |
11.6 |
2.3 |
2.0 |
8.4 |
5.7 |
9.4 |
1.5 |
||
Ordinary profit |
43.3 |
38.9 |
46.2 |
7.3 |
7.3 |
14.3 |
-24.8 |
||
Taxes |
-17.7 |
-12.2 |
-12.9 |
-0.6 |
-1.1 |
-3.4 |
8.8 |
||
Gains/losses attributable to |
2.5 |
2.2 |
1.9 |
2.0 |
0.5 |
1.0 |
1.3 |
||
Profit attributable to owners of parent |
28.1 |
28.9 |
35.0 |
8.7 |
6.7 |
12.0 |
-14.7 |
Balance sheet summary
(billion yen)
Mar. 2020 |
Mar. 2021 |
Mar. 2022 |
Mar. 2023 |
Dec. 2023 |
||
---|---|---|---|---|---|---|
Loans and bills discounted |
2,954.1 |
2,948.8 |
3,317.1 |
3,881.3 |
4,073.5 |
|
Securities |
1,073.6 |
1,393.3 |
1,478.1 |
1,278.7 |
1,375.9 |
|
Cash and due from banks |
464.2 |
950.1 |
1,141.9 |
1,275.0 |
1,537.3 |
|
Trading assets |
259.3 |
154.6 |
133.0 |
151.2 |
207.6 |
|
Other |
548.3 |
469.9 |
658.3 |
597.6 |
528.2 |
|
Total assets |
5,299.8 |
5,916.8 |
6,728.6 |
7,184.0 |
7,722.7 |
|
Deposits / Negotiable certificates of |
3,396.8 |
4,012.5 |
4,871.5 |
5,497.3 |
5,840.7 |
|
Debentures / Bonds |
259.9 |
198.3 |
168.9 |
147.7 |
193.7 |
|
Borrowed money |
427.6 |
349.7 |
432.3 |
525.6 |
562.3 |
|
Cash collateral received for securities lent |
281.3 |
431.6 |
356.9 |
215.9 |
293.2 |
|
Trading liabilities |
211.2 |
140.4 |
129.2 |
121.8 |
141.1 |
|
Other |
298.0 |
294.0 |
282.3 |
244.3 |
281.4 |
|
Total liabilities |
4,875.0 |
5,426.8 |
6,241.3 |
6,752.9 |
7,312.5 |
|
Total net assets |
424.7 |
490.0 |
487.2 |
431.1 |
410.2 |
|
Total liabilities and net assets |
5,299.8 |
5,916.8 |
6,728.6 |
7,184.0 |
7,722.7 |