Financial and Corporate Data
Corporate Data
Corporate History・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 82
Business Activities・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 83
Organization Chart・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 84
Directors, Audit & Supervisory Board Members and
Executive Officers・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 85
Staff Profile・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 85
Office Directory・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 86
Business Network・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 87
Subsidiaries and Affiliated Companies・・・・・・・・・・・・・・・・・・・ 88
Management Support and Reinvigoration of Regional Economies・・・ 89
Risk Governance・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 90
Compliance・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 98
Policies・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 99
Financial Data
Consolidated Information
CONSOLIDATED BUSINESS RESULTS
Consolidated Financial Highlights [Five-Year Summary]・・・ 116
CONSOLIDATED FINANCIAL REVIEW
Consolidated and Equity-Method Companies・・・・・・・・・・・・・ 117
Analysis of Business Results・・・・・・・・・・・・・・・・・・・・・・・・・・・ 117
Analysis of Financial Condition・・・・・・・・・・・・・・・・・・・・・・・・・ 119
CONSOLIDATED FINANCIAL STATEMENTS
Consolidated Balance Sheet・・・・・・・・・・・・・・・・・・・・・・・・・・・ 121 Consolidated Statement of Income・・・・・・・・・・・・・・・・・・・・・・ 122 Consolidated Statement of Comprehensive Income・・・・・・・ 122 Consolidated Statement of Changes in Equity・・・・・・・・・・・・ 123 Consolidated Statement of Cash Flows・・・・・・・・・・・・・・・・・・ 124 Notes to Consolidated Financial Statements・・・・・・・・・・・・・ 125
INDEPENDENT AUDITOR'S REPORT・・・・・・・・・・・・・・・・・・・・ 170
INCOME ANALYSIS (Consolidated)
Interest-EarningAssets and Interest-BearingLiabilities・・・・ 175 Fees and Commissions・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 175 Gains on trading account transactions・・・・・・・・・・・・・・・・・・・ 175 Other Ordinary Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 175
Non-Consolidated Information
NON-CONSOLIDATED BUSINESS RESULTS
Non-Consolidated Financial Highlights
[Five-YearSummary]・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 176
NON-CONSOLIDATED FINANCIAL STATEMENTS
Non-Consolidated Balance Sheet (Unaudited)・・・・・・・・・・・・ 177
Non-Consolidated Statement of Income (Unaudited)・・・・・・ 178
Non-Consolidated Statement of Changes in Equity
(Unaudited)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 179
INCOME ANALYSIS (Non-Consolidated)
Net Revenue, Business Profit・・・・・・・・・・・・・・・・・・・・・・・・・・ 180 Ratios・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 180 Yield on Interest-EarningAssets, Interest Rate on
Interest-Bearing Liabilities, Net Yield/Interest Rate・・・・・・・ 180 Average Balance of Interest-Earning Assets and
Interest-BearingLiabilities・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 181 Analysis of Interest Income and Interest Expenses・・・・・・・・ 182 Fees and Commissions・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 183 Gains on trading account transactions・・・・・・・・・・・・・・・・・・・ 183 Other Ordinary Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 184 General and Administrative Expenses・・・・・・・・・・・・・・・・・・・ 184
DEPOSIT OPERATIONS (Non-Consolidated)
Balance of Deposits・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 185 Balance of Time Deposits by Residual Period・・・・・・・・・・・・ 186 Balance of Deposits by Depositor・・・・・・・・・・・・・・・・・・・・・・ 186 Deposits per Office・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 186 Deposits per Employee・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 186
LOAN OPERATIONS (Non-Consolidated)
Balance of Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 187 Balance of Loans by Residual Period・・・・・・・・・・・・・・・・・・・・ 187 Ratio of Loans and Bills Discounted to
Debentures/Deposits・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 187 Loans per Office・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 187 Loans per Employee・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 188 Loans to Small and Medium-SizedEnterprises (SMEs)・・ 188 Consumer Loans Outstanding・・・・・・・・・・・・・・・・・・・・・・・・・・ 188 Breakdown of Loans and Bills Discounted by Industry・・・・・ 189 Risk-MonitoredLoans by Industry・・・・・・・・・・・・・・・・・・・・・・・ 189 Balance of Loans and Bills Discounted,
Classified by Purpose・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 190 Breakdown of Balance of Acceptances and Guarantees・・・ 190 Breakdown of Loans and Bills Discounted by Collateral・・・・ 190 Breakdown of Collateral for Customers' Liabilities
for Acceptances and Guarantees・・・・・・・・・・・・・・・・・・・・・・ 190 Write-Offof Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 190 Allowance for Loan Losses・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 191 Country Risk Reserve・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 191 Disclosed Claims under the Financial Reconstruction Law・・・・ 191 Risk-MonitoredLoans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 192 Reserve Ratios for Each Category of Borrower,
Based on Asset-Assessments・・・・・・・・・・・・・・・・・・・・・・・・・ 192 Asset-Assessment, Disclosed Claims, Write-Offs,
Reserves and Risk-Monitored Loans・・・・・・・・・・・・・・・・・・・ 193 SECURITIES (Non-Consolidated)
Balance of Securities Held・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 194 Balance of Securities by Residual Period・・・・・・・・・・・・・・・・ 194 Ratio of Securities to Debentures and Deposits・・・・・・・・・・・ 194
SECURITIES BUSINESS (Non-Consolidated)
Underwriting of Public Bonds・・・・・・・・・・・・・・・・・・・・・・・・・・・ 195 Over-the-Counter Sales of Public Bonds and
Securities Investment Trusts・・・・・・・・・・・・・・・・・・・・・・・・・・ 195 INTERNATIONAL OPERATIONS (Non-Consolidated)
Foreign Exchange Transactions・・・・・・・・・・・・・・・・・・・・・・・・ 196 Balance of Assets in International Operations・・・・・・・・・・・・ 196
TRUST BUSINESS OPERATIONS (Non-Consolidated) Statement of Trust Assets and Liabilities・・・・・・・・・・・・・・・・・ 197 Balance of Money Trusts under Management・・・・・・・・・・・・ 197 Balance of Securities Related to Money Trusts・・・・・・・・・・・ 198 Balance of Principal of Money Trusts by Trust Period・・・・・・ 198 Balance of Loans and Securities Held in Money Trust by Type・・ 198
CAPITALIZATION (Non-Consolidated)
History of Capitalization・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 199
Major Shareholders・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 199
Ownership and Distribution of Shares・・・・・・・・・・・・・・・・・・・ 199
Disclosure Based on Basel III Capital
Accord Pillar III-Market Discipline・・・・・・・・・・・・・ 200 Disclosure Related to Remuneration・・・・・・・・・・・・・ 226
Share Procedure Information・・・・・・・・・・・・・・・・・・・・・ 228
Data Corporate and Financial Data Corporate and Financial
81
Data Corporate and Financial
Data Corporate
Corporate Data
Corporate History
April | 1957 | Established as The Nippon Fudosan Bank, Limited (capital: ¥1 billion) in accordance with the |
Long-Term Credit Bank Law | ||
July | 1964 | Started foreign exchange business as an authorized foreign exchange bank |
September | Listed stock on the Tokyo Stock Exchange | |
February | 1970 | Listed stock on the Osaka Securities Exchange |
October | 1977 | Changed name to The Nippon Credit Bank, Ltd. |
February | 1994 | Established The Nippon Credit Trust Bank, Ltd. (currently GMO Aozora Net Bank, Ltd.) |
December | 1998 | Started special public management and terminated listing of stock on the Tokyo Stock Exchange |
and the Osaka Securities Exchange | ||
September | 1999 | NCB Servicer Co., Ltd. (currently Aozora Loan Services Co., Ltd.), commenced servicer |
operations | ||
September | 2000 | Ended special public management |
January | 2001 | Changed name to Aozora Bank, Ltd. |
June | 2005 | Established a subsidiary, Aozora Asia Pacific Finance Limited, in Hong Kong |
July | Established New York Representative Office | |
April | 2006 | Converted from 'Long-Term Credit Bank' to an 'Ordinary Bank' |
Established Aozora Securities Co., Ltd. | ||
November | Listed on the First Section of the Tokyo Stock Exchange | |
May | 2007 | Established Shanghai Representative Office |
April | 2009 | Established Internet Branch (currently BANK Branch) and commenced Internet banking services |
August | 2012 | Announced the Comprehensive Recapitalization Plan |
March | 2013 | Launched Aozora Cash Card Plus (Visa debit) |
Established Aozora Regional Consulting Co., Ltd. | ||
February | 2014 | Established Aozora Investment Management Co., Ltd. |
May | Established Singapore Representative Office | |
January | 2015 | Established Aozora Real Estate Investment Advisors Co., Ltd. |
June | Full repayment of public funds | |
December | Established a subsidiary, Aozora Europe Limited, in London | |
May | 2016 | Completed conversion to new Kanjo-kei core banking system |
May | 2017 | Moved headquarters |
Established ABN Advisors Co., Ltd. | ||
April | 2018 | Established Aozora Corporate Investment Co., Ltd. |
July | GMO Aozora Net Bank, Ltd. commenced Internet banking services | |
October | Completed transfer of trust operations from GMO Aozora Net Bank, Ltd. and started concurrent | |
trust operations | ||
June | 2020 | Purchased an ownership stake in Orient Commercial Joint Stock Bank, a commercial bank |
based in Vietnam (making it an equity method affiliate of Aozora) | ||
September | Aozora North America, Inc., the Bank's New York subsidiary, commenced finance operations |
82 Annual Report 2021
Business Activities (As of July 1, 2021)
- Deposits Deposits
Checking accounts, savings accounts, time deposits, deposits-at-notice,non-residents' deposits in yen and deposits in foreign currenciesNegotiable certificates of deposit
-
Lending Loans
Loans on deeds, loans on notes and overdraft Discount on promissory notes
Bankers' acceptances and discounts on commercial bills-
Securities investment business
Public bonds, local bonds, corporate bonds, equity and other securities for cash reserves for payment of the deposit and fund management - Domestic exchange
Such services as money orders between branches of the Bank and those of other banks, collection of payments, etc. - Foreign exchange
Remittance to foreign countries and other foreign currency-related businesses - Consignment of bonds
Consignment business for soliciting or managing public bonds and issue agent or payment agent - Trust operations
Management of various trust assets including cash, securities, monetary claims and real estate - Other services
- Guarantee of liabilities (acceptances and guarantees)
- Lending of securities
- Underwriting of public bonds
- Over-the-countersales of securities investment trusts
- Trust business for secured corporate bonds
- Agency business
- Revenue agency for Bank of Japan
➁ Handling of funds for regional public entities, including those in Tokyo
- Custody services
- Interest rate, currency and other derivative transactions
- Over-the-countersales of insurance products
- Financial instruments intermediary business
Data Corporate and Financial
Data Corporate
83
Data Corporate and Financial
Data Corporate
Corporate Data
Organization Chart (As of July 1, 2021)
Audit & Supervisory | Shareholders | |||||||||||||
Board Members | ||||||||||||||
Audit & Supervisory | ||||||||||||||
Board | Board of Directors | |||||||||||||
Office of Audit & | ||||||||||||||
Supervisory Board | Management | |||||||||||||
Committee | ||||||||||||||
Chief Executive | Internal | Audit Div. | ||||||||||||
Officer | (CEO) | Asset Assessment Div. | ||||||||||||
Compliance & | Governance Unit | Human Resources Unit | Corporate | Strategy Unit | ||||||||||
Head of | Compliance & | Head of Human | Head of | Corporate | EO in | charge | EO in | charge | ||||||
Governance Unit | Resources Unit | Strategy | Unit | |||||||||||
Business Strategy Div. | Office of | Sustainability | ||||||||||||
Digital Transformation Div. | ||||||||||||||
Compliance Management Div. | Human Resources Div. | Corporate | Management | |||||||||||
Corporate Administration & | ||||||||||||||
Secretary | Div. | |||||||||||||
Service Div. |
Retail | Institutional | Banking Group | Allied | Specialty | International | Financial | Trust | Finance | Technology | Operations | Credit | Risk | Integrated | |||||||
Banking | Banking | Finance | Finance | Markets | Business | Group | Group | Group | Management | Risk | ||||||||||
Group | Group | Group | Group | Group | Group | Group | Management | |||||||||||||
Business | Corporate | Advisory & | Group | |||||||||||||||||
Banking | Banking | Investment | ||||||||||||||||||
Group | Group | Group | Chief | Chief | EO in | Chief | Chief | |||||||||||||
Financial | Technology | charge of | Credit Risk | Risk | ||||||||||||||||
Officer | Officer | Operations | Officer | Officer | ||||||||||||||||
Group Head | Group Head | Group Head | Group Head | Group Head | Group Head | Group Head | Group Head | Group Head | (CFO) | (CTO) | Group | (CCRO) | (CRO) | |||||||
Retail | Strategic Investments Group | Treasury | Trust | Financial | IT Control Div. | Operations | Credit Div. I | Risk | ||||||||||||
Banking | Funding Div. | Business Div. | Control Div. | (Cyber Security | Planning | Management | ||||||||||||||
Management | Group Head | Office) | Div. | Credit Div. II | Div. | |||||||||||||||
Div. | Treasury | Financial | ||||||||||||||||||
(Financial | Institutional Banking Management Div. | Syndication & Securitization Div. | Investment | Management | Application | Operations | Workout Div. | |||||||||||||
Advisor | Div. | Div. | Management | Management | ||||||||||||||||
(Business Innovation Office) | ||||||||||||||||||||
Office) | Div. | Div. | Appraisal Div. | |||||||||||||||||
(Facilitation of Financing Promotion Office) | Equity Investment Div. | Credit | Corporate | |||||||||||||||||
(Portfolio Management Innovation Office) | ||||||||||||||||||||
Customer | Investment | Communica- | Infrastructure | Corporate | ||||||||||||||||
(Regional Business Support Office I · | GMO Aozora Net Bank, Ltd | |||||||||||||||||||
Support Div. | Div. | tion Div. | Management | Banking | ||||||||||||||||
Regional Business Support Office II) | ||||||||||||||||||||
Div. | Service Div. | |||||||||||||||||||
Retail | Market | |||||||||||||||||||
Corporate | Corporate | M&A Advisory | Financial | Special | International | |||||||||||||||
Business | Products Div. | Crisis | ||||||||||||||||||
Service Div. | Business | Business | Div. | Institutions | Situations Div. | Business | Management | |||||||||||||
Div. VII | Div. II | Div. I | Management | Derivatives | Div. | |||||||||||||||
Retail | Asian Business | Real Estate | Div. | Sales Div. | ||||||||||||||||
Banking Div. | Corporate | Corporate | Solutions Div. | Financial | Finance Div. | |||||||||||||||
Business | Business | Institutions | International | Market | ||||||||||||||||
BANK Br. | Div. VIII | Div. III | Private Equity | Div. II | Global | Business Div. | Products | |||||||||||||
Investment Div. | Real Estate | Development | ||||||||||||||||||
Aozora | Public | Strategic | Aozora | Structured | Overseas | Div. | ||||||||||||||
Securities | Institutions | Finance Div. | Venture | Regional | Debt Div. | Representa- | ||||||||||||||
Co., Ltd. | Div. | Business Div. | Consulting | tive Offices | ||||||||||||||||
Acquisition & | Co., Ltd. | Corporate | (New York, | |||||||||||||||||
Aozora | Project | ABN Advisors | Business | Shanghai, | ||||||||||||||||
Investment | Finance Div. | Co., Ltd. | [Aozora | Div. I | Singapore) | |||||||||||||||
Management | Securities | |||||||||||||||||||
Co., Ltd. | Aozora | Co., Ltd.] | Corporate | Aozora Asia | ||||||||||||||||
Corporate | Business | Pacific | ||||||||||||||||||
Investment | [Aozora | Div. V | Finance | |||||||||||||||||
Co., Ltd. | Investment | Limited | ||||||||||||||||||
Management | Aozora Loan | |||||||||||||||||||
Co., Ltd.] | Services | Aozora | ||||||||||||||||||
Co., Ltd. | Europe | |||||||||||||||||||
Aozora | Limited | |||||||||||||||||||
Real Estate | Aozora North | |||||||||||||||||||
Investment | America, Inc. | |||||||||||||||||||
Advisors | ||||||||||||||||||||
Co., Ltd. |
[Branches]
Kansai Br., Nagoya Br., Fukuoka Br., Sendai Br., Hiroshima Br., Sapporo Br., Takamatsu Br., Kanazawa Br.
Shinjuku Br., Nihonbashi Br., Shibuya Br., Ueno Br., Ikebukuro Br., Yokohama Br., Chiba Br., Osaka Br., Umeda Br., Kyoto Br., Financial Oasis Jiyugaoka
84 Annual Report 2021
Directors, Audit & Supervisory Board Members and Executive Officers (As of July 1, 2021)
Directors and Audit & Supervisory Board Members | Executive Officers | |||
Representative Director | Kei Tanikawa* | Senior Managing Executive Officers | Akira Sakai | |
and President | Masayoshi Ohara | |||
Fumihiko Hirose | ||||
Representative Directors | Koji Yamakoshi* | Takeshi Ito | ||
and Deputy Presidents | Hideto Oomi* | Takashi Kato | ||
Director and | Tomomi Akutagawa* | Managing Executive Officers | Masaki Onuma | |
Senior Managing Executive Officer | Tomoyuki Yamada | |||
Kazuhiro Yasuda | ||||
Directors | Shunsuke Takeda | Tetsuji Okuda | ||
Hiroyuki Mizuta | ||||
Ippei Murakami | Executive Officers | Jun Shinozaki | ||
Tomonori Ito | Akemi Hashimoto | |||
Toru Takahashi | ||||
Standing Audit & Supervisory Board | Satoshi Hashiguchi | Hiroki Nakazato | ||
Member | Hiroshi Suzuki | |||
Audit & Supervisory Board Members | Kiyoto Hagiwara | Shu Takahashi | ||
Toraki Inoue | Yukiko Morita | |||
Naoko Tanaka | ||||
*Serving as Executive Officer concurrently | Takashi Hagio | |||
Jun Nakashima | ||||
Hiroshi Kaneko |
Staff Profile (As of March 31, 2021)
Number of Employees | Average Age | Average Years of Service | Average Yearly Salary |
1,933 (125) | 43.3 | 14.9 | 8,089 thousand yen |
Notes: 1. The number of employees includes executive officers and locally hired staff overseas, but excludes temporary employees.
- The figure in parentheses is the average number of temporary employees for the year.
- The average yearly salary includes bonuses and pay other than fixed wages.
Data Corporate and Financial
Data Corporate
85
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Aozora Bank Ltd. published this content on 31 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2021 15:31:05 UTC.