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Financial Highlights
First Quarter of FY2023
August 2023
Fukuoka Financial Group
Profit & Loss Summary
Financial Highlights FY2023/1Q
(* Figures rounded to nearest unit)
Profit & loss (3 banks total)
(¥. bil) | |||||||||||
3 banks non- | |||||||||||
Bank of Fukuoka | Kumamoto Bank | Juhachi-Shinwa Bank | |||||||||
consolidated total | |||||||||||
(non-consolidated) | (non-consolidated) | (non-consolidated) | |||||||||
[FY projected] | 23/1Q | YoY chg. | 23/1Q | YoY chg. | 23/1Q | YoY chg. | 23/1Q | YoY chg. | |||
Gross business profit | 58.1 | 1.0 | 39.3 | -0.3 | 5.3 | 0.3 | 13.5 | 1.0 | |||
Net interest income | 51.1 | 2.2 | 33.8 | 1.1 | 5.1 | 0.4 | 12.2 | 0.7 | |||
Domestic | 48.6 | 4.5 | 31.4 | 2.6 | 5.1 | 0.4 | 12.1 | 1.6 | |||
International | 2.5 | -2.3 | 2.4 | -1.5 | 0.0 | 0.0 | 0.1 | -0.9 | |||
Non-interest income | 7.0 | -1.2 | 5.5 | -1.4 | 0.2 | -0.1 | 1.3 | 0.3 | |||
Net fees and commissions | 6.7 | 0.4 | 5.0 | 0.5 | 0.2 | -0.0 | 1.4 | -0.0 | |||
Specified trading income + other income (excl. bonds) | 0.3 | -1.4 | 0.5 | -1.3 | -0.0 | -0.0 | -0.1 | -0.1 | |||
Bond-related income | -0.0 | -0.2 | -0.0 | -0.6 | - | - | -0.0 | 0.4 | |||
Expenses (-) | 28.3 | -0.1 | 16.8 | 0.0 | 3.2 | 0.1 | 8.3 | -0.1 | |||
Real net business profit | 29.8 | 1.0 | 22.5 | -0.3 | 2.0 | 0.2 | 5.3 | 1.1 | |||
General reserve for possible loan losses (-) | -0.2 | 0.1 | 0.0 | -0.2 | - | 0.1 | - | - | |||
Business profit | 30.0 | 1.0 | 22.5 | -0.2 | 2.0 | 0.2 | 5.3 | 1.1 | |||
Core net business profit | [110.0] | 29.8 | 1.3 | 22.5 | 0.3 | 2.0 | 0.2 | 5.3 | 0.8 | ||
Non-recurring gains (losses) | -0.8 | 0.4 | -1.2 | 0.3 | 0.0 | 0.3 | 0.7 | -0.4 | |||
Ordinary profit | [110.0] | 29.3 | 1.3 | 21.3 | 0.2 | 2.0 | 0.5 | 5.9 | 0.7 | ||
Extraordinary gains (losses) | -0.0 | 0.0 | -0.0 | -0.0 | -0.0 | 0.0 | -0.0 | 0.1 | |||
Income (loss) before income taxes | 29.2 | 1.4 | 21.3 | 0.2 | 2.0 | 0.5 | 5.9 | 0.8 | |||
Income taxes (-) | 7.6 | 0.2 | 5.6 | -0.3 | 0.5 | 0.1 | 1.5 | 0.4 | |||
Net income | [80.9] | 21.6 | 1.2 | 15.7 | 0.4 | 1.5 | 0.3 | 4.4 | 0.4 | ||
Credit cost (-) | [6.0] | 1.6 | 1.1 | 1.9 | 0.4 | -0.1 | -0.2 | -0.2 | 1.0 |
- Core net business profit increased 1.3 billion yen year-on-year due in part to an increase in net interest income and net fees and commissions. (Progress on FY2023 projection: 27.1%)
- Consolidated net income decreased 0.4 billion yen year-on-year, mainly due to an increase in FFG non-consolidated expenses, especially DX investment, and an increase in credit cost. (Progress on FY2023 projection: 27.2%)
Core net business profit (3 banks total)
(¥ bil.) | ||||||
105.9 | 110.0 | |||||
97.5 | (Target announced | |||||
for FY2023) | ||||||
FY23 | 78.9 | 79.7 | ||||
74.5 | 77.3 | |||||
2-4Q | 60.5 | 59.8 | ||||
1Q | 18.4 | 19.9 | 23.0 | 28.6 +1.3 | 29.8 | |
FY19 | FY20 | FY21 | FY22 | FY23 |
FFG consolidated net income
Profit & loss (FFG consolidated)
23/1Q | YoY chg. | Consolidation adjustments | 23/1Q | YoY chg. | ||||
Consolidated net | income* | [61.0] | 16.6 | -0.4 | Consolidation adjustment | -5.0 | -1.6 | |
Gross business profit | 62.5 | 1.4 | FFG non-consolidated | -3.6 | -1.0 | |||
Real net business | profit | 25.7 | -0.0 | Adjustment related to Minna Bank | -2.1 | -0.5 | ||
Core net business | profit | 25.7 | -0.0 | Subsidiary gains (losses) | 0.9 | -0.2 | ||
Ordinary profit | [90.0] | 23.9 | -0.4 | Other consolidation adjustments | -0.2 | 0.1 | ||
* Refers to net income attributable to owners of the parent.
FY23
1Q
2-4Q
110.6 | (¥ bil.) | |||
61.0 | ||||
54.1 | (Target announced | |||
44.6 | for FY2023) | |||
128.7 | 31.2 | |||
~ | 34.3 | 38.9 | ||
14.1 | ||||
10.3 | 15.2 | 17.0 | 16.6 | |
- 18.1 | -0.4 | |||
FY19 | FY20 | FY21 | FY22 | FY23 |
1
Core Net Business Profit
Core net business profit, year-on-year change
* Excluding loans to Government, etc. | (¥ bil.) | |||
Net interest income | ||||
Non-interest income | ||||
+2.2 | -1.0 | |||
Financial Highlights FY2023/1Q
Changes in core net business profit
(3 banks total, ¥ bil.)
YoY chg. +1.3
28.6
Domestic interest on
deposits and loans +0.8
+1.3 | +0.0 | +1.4 | +0.2 | |||||||
-0.6 | -1.2 | |||||||||
1 | 2 | 3 | ||||||||
YoY chg.
+1.3
+0.1 29.8
4
28.6 | 27.7 | 26.4 | 23.2 | 29.8 |
22/1Q | 22/2Q | 22/3Q | 22/4Q | 23/1Q |
Changes in domestic loan interest
(3 banks total, ¥ bil.)
22/1Q results | Loan yield factors | Loan volume factors | Interest on deposits and CDs | Fees from investment trusts and insurance Marketable securities/ International segment, etc. | Other non-interest income | Expenses | 23/1Q results |
-
Domestic securities: +0.8, Domestic, others: +2.9,
International division: -2.3 - Investment trusts: +0.1, Insurance: +0.1
-
Corporate-relatedfees: +0.4, Gains (losses) on foreign exchange
derivatives: -1.4, etc. - Personnel expenses: +0.2, Non-personnel expenses: -0.1, Taxes: - 0.0
YoY chg. +0.8
34.8 | 35.1 | 35.5 | 35.2 | 35.5 |
22/1Q | 22/2Q | 22/3Q | 22/4Q | 23/1Q |
(Reference) Changes in net income
(FFG consolidated, ¥ bil.)
YoY chg. -0.4
17.0 | 13.7 | 16.6 | ||
1.9 | -1.5 | |||
22/1Q | 22/2Q | 22/3Q | 22/4Q | 23/1Q |
2 |
Total Loans
Total loans (average balance) (3 banks total)
(¥ bil.) | * Excluding loans to FFG and Government, etc. |
Annual rate | 0.8% | 1.9% | 1.8% | 1.4% | 3.3% |
3 banks total | 14,540.0 | 14,717.7 | 14,797.0 | 14,875.4 | 15,024.5 |
621.3 | |||||
656.4 | |||||
International | 678.9 | 705.4 | 716.8 | [-8.5%] | |
Public | 1,659.2 | 1,626.8 | 1,628.9 | 1,584.1 | |
1,635.4 | [-3.1%] | ||||
Large-sized | 1,882.5 | 1,878.7 | 1,914.2 | 1,923.6 | |
1,877.2 | [+2.5%] | ||||
enterprises | |||||
SMEs | 6,475.6 | 6,580.0 | 6,653.4 | 6,741.2 | 6,929.1 |
[+7.0%] | |||||
Retail | 3,872.7 | 3,890.4 | 3,921.1 | 3,934.5 | 3,966.3 |
[+2.4%] | |||||
22/1Q | 22/2Q | 22/3Q | 22/4Q | 23/1Q |
Financial Highlights FY2023/1Q
(¥ bil.) | 22/1Q | 22/2Q | 22/3Q | 22/4Q | 23/1Q | |||
Fukuoka | Total loans (average balance) | 10,139.7 | 10,286.4 | 10,350.2 | 10,388.5 | 10,506.9 | ||
Annual rate | 0.7% | 2.3% | 2.1% | 1.4% | 3.6% | Annual rate | ||
Retail | 2,448.1 | 2,461.0 | 2,482.9 | 2,494.3 | 2,515.8 | 2.8% | ||
of | SMEs | 4,612.4 | 4,696.3 | 4,739.5 | 4,795.7 | 4,937.2 | 7.0% | |
Large-sized enterprises | 1,429.0 | 1,441.9 | 1,438.5 | 1,465.0 | 1,475.9 | 3.3% | ||
Bank | ||||||||
Public | 995.2 | 1,008.9 | 1,000.9 | 1,001.1 | 978.2 | -1.7% | ||
International | 654.7 | 678.2 | 688.3 | 632.2 | 599.6 | -8.4% | ||
Bank | Total loans (average balance) | 1,371.2 | 1,381.2 | 1,385.6 | 1,399.4 | 1,401.7 | ||
Annual rate | ||||||||
2.0% | 1.9% | 1.1% | 1.7% | 2.2% | Annual rate | |||
Kumamoto | Retail | 546.8 | 549.9 | 554.3 | 556.8 | 562.5 | 2.9% | |
SMEs | 631.2 | 634.1 | 639.0 | 649.2 | 648.5 | 2.7% | ||
Large-sized enterprises | 56.2 | 53.3 | 52.2 | 52.3 | 53.4 | -5.0% | ||
Public | 136.9 | 143.6 | 140.0 | 141.0 | 137.0 | 0.1% | ||
International | - | - | - | - | - | - | ||
Bank | Total loans (average balance) | 3,029.0 | 3,050.1 | 3,061.0 | 3,087.4 | 3,115.8 | ||
Annual rate | ||||||||
0.6% | 0.7% | 1.2% | 1.4% | 2.9% | Annual rate | |||
Shinwa- | ||||||||
Retail | 877.7 | 879.4 | 883.8 | 883.4 | 887.9 | 1.2% | ||
SMEs | 1,232.0 | 1,249.5 | 1,274.8 | 1,296.2 | 1,343.2 | 9.0% | ||
Juhachi | ||||||||
Large-sized enterprises | 391.9 | 387.2 | 388.0 | 396.8 | 394.2 | 0.6% | ||
-10.4% | ||||||||
International | 24.1 | 27.1 | 28.5 | 24.1 | 21.6 | |||
Public | 503.1 | 506.6 | 485.9 | 486.7 | 468.7 | -6.8% | ||
Figures in square brackets [ ] are annualized by sector | 3 |
Financial Highlights FY2023/1Q
Retail Loans
Housing loans (average balance) (3 banks total)
Consumer loans (average balance) (3 banks total)
(¥ bil.) | |||||
3 banks total | 3,389.0 | 3,409.2 | 3,436.0 | 3,451.4 | 3,480.0 |
[+2.7%] | |||||
Juhachi-Shinwa | 760.5 | 763.0 | 767.2 | 768.9 | 773.6 |
[+1.7%] | |||||
Kumamoto | 491.6 | 494.2 | 497.5 | 500.1 | 505.3 |
[+2.8%] | |||||
Fukuoka | 2,136.9 | 2,151.9 | 2,171.2 | 2,182.3 | 2,201.1 |
[+3.0%] | |||||
22/1Q | 22/2Q | 22/3Q | 22/4Q | 23/1Q | |
[Annual rate] |
(¥ bil.) | ||||||
3 banks total | 319.7 | 319.8 | 323.0 | 322.7 | 328.7 | |
[+2.8%] | ||||||
Juhachi-Shinwa | 82.5 | 81.5 | 81.4 | 80.7 | 81.6 | |
[-1.1%] | ||||||
Kumamoto | 29.8 | 30.1 | 30.0 | 30.5 | ||
29.8 | [+2.4%] | |||||
Fukuoka | 207.3 | 208.3 | 211.4 | 211.9 | 216.5 | |
[+4.4%] | ||||||
22/1Q | 22/2Q | 22/3Q | 22/4Q | 23/1Q | ||
[Annual rate] | 4 |
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Fukuoka Financial Group Inc. published this content on 16 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 August 2023 02:54:01 UTC.