|
|
Income (Consolidated)
For the year ended March 31, 2005, consolidated total income decreased ¥1,891 million (2.1 percent) year-on-year to ¥89,136 million, due to factors including the absence of the extraordinary gain on the return of the entrusted portion (daikohenjo) of the retirement benefit obligation recorded in the previous fiscal year. Total expenses decreased ¥5,880 million (7.4 percent) year-on-year to ¥73,496 million, because of factors including a reduction in costs for disposal of nonperforming loans. Net income increased ¥1,018 million (16.2 percent) year-on-year to ¥7,297 million.
| Net Interest Margin (Non-Consolidated) |
| |
Millions of yen |
| |
2005 |
2004 |
Increase
(decrease) |
| Interest income |
¥ 62,620 |
|
¥ 63,284 |
|
¥ (663 |
) |
| Average interest-earning assets |
3,441,372 |
|
3,447,455 |
|
(6,083 |
) |
| Average interest rate of interest-earning assets (%) |
1.81 |
|
1.83 |
|
(0.02 |
) |
| Interest expense |
4,915 |
|
5,151 |
|
(236 |
) |
| Average interest-bearing liabilities |
3,341,720 |
|
3,340,396 |
|
1,323 |
|
| Average interest rate of interest-bearing liabilities (%) |
0.14 |
|
0.15 |
|
(0.01 |
) |
| Net interest income |
57,705 |
|
58,132 |
|
(427 |
) |
| Funding cost (%) |
1.35 |
|
1.37 |
|
(0.02 |
) |
| Net interest margin (%) |
0.46 |
|
0.46 |
|
— |
|
| |
|
| Note: |
Figures for average interest-bearing liabilities are presented after deducting the average outstanding balance of money held in trust and interests. |
|
|
Deposits
As of March 31, 2005, total deposits, including negotiable certificates of deposit, increased ¥51,718 million (1.6 percent) from a year earlier to ¥3,334,499 million, due to solid increases in individual and corporate deposits.
| Deposits by Depositor (Non-Consolidated) |
| |
Millions of yen |
| |
2005 |
2004 |
Increase
(decrease) |
| Individuals |
2,526,320 |
|
¥2,500,547 |
|
¥ 25,772 |
|
| Corporations |
613,281 |
|
598,452 |
|
14,829 |
|
| Local governments |
163,036 |
|
160,202 |
|
2,833 |
|
| Financial institutions |
31,862 |
|
23,578 |
|
8,283 |
|
| Total |
¥3,334,499 |
|
3,282,781 |
|
¥51,718 |
|
| |
 |
Loans
The balance of loans and bills discounted at the end of the fiscal year increased ¥7,366 million (0.4 percent) from a year earlier to ¥1,992,040 million. The increase was mainly due to increases in loans to the public sector and loans to individuals, mainly housing loans. |
| Loans to Individuals (Non-Consolidated) |
| |
Millions of yen |
| |
2005 |
2004 |
2003 |
2002 |
2001 |
2005/2004
Increase
(decrease) |
|
| Balance of loans to individuals |
¥534,879 |
|
¥528,168 |
|
¥495,858 |
|
¥486,570 |
|
¥468,165 |
|
¥6,711 |
|
|
| Balance of loans to individuals in the region |
534,746 |
|
527,992 |
|
495,659 |
|
486,447 |
|
467,999 |
|
6,754 |
|
|
| Number of borrowers |
120,601 |
|
124,121 |
|
126,946 |
|
126,740 |
|
127,486 |
|
(3,520 |
) |
|
| Number of borrowers in the region |
120,530 |
|
124,036 |
|
126,853 |
|
126,645 |
|
127,380 |
|
(3,506 |
) |
|
| Loans to individuals as a percentage of total loans |
26.8 |
% |
26.5 |
% |
24.5 |
% |
24.3 |
% |
24.0 |
% |
0.3 |
|
point |
Loans to individuals in the region as a
percentage of total loans in the region |
30.4 |
|
30.2 |
|
28.3 |
|
28.6 |
|
27.3 |
|
0.2 |
|
|
| |
|
| Consumer Loans (Non-Consolidated) |
| |
Millions of yen |
| |
2005 |
2004 |
2003 |
2002 |
2001 |
2005/2004
Increase
(decrease) |
|
| Consumer loans |
¥494,210 |
|
¥483,502 |
|
¥447,261 |
|
¥435,300 |
|
¥413,091 |
|
¥10,708 |
|
|
| Housing loans |
407,689 |
|
384,674 |
|
336,844 |
|
315,473 |
|
284,468 |
|
23,014 |
|
|
| Securities and other |
86,521 |
|
98,827 |
|
110,416 |
|
119,827 |
|
128,622 |
|
(12,306 |
) |
|
| |
|
| Loans to Small and Medium-sized Companies (Non-Consolidated) |
| |
Millions of yen |
| |
2005 |
2004 |
2003 |
2002 |
2001 |
2005/2004
Increase
(decrease) |
|
| Balance of loans to small and medium-sized companies |
893,898 |
|
¥901,335 |
|
¥955,746 |
|
¥969,191 |
|
¥987,105 |
|
(7,436 |
) |
|
| Balance of loans to small and medium-sized companies in the region |
858,514 |
|
867,142 |
|
926,486 |
|
948,368 |
|
973,801 |
|
(8,628 |
) |
|
| Number of borrowers |
15,449 |
|
16,140 |
|
17,533 |
|
18,742 |
|
19,664 |
|
(691 |
) |
|
| Number of borrowers in the region |
15,396 |
|
16,091 |
|
17,482 |
|
18,686 |
|
19,614 |
|
(695 |
) |
|
| Loans to small and medium-sized companies as a percentage of total loans |
44.8 |
% |
45.3 |
% |
47.1 |
% |
48.3 |
% |
50.6 |
% |
(0.5 |
) |
point |
Loans to small and medium-sized companies in the
region as a percentage of total loans in the region |
48.8 |
|
49.6 |
|
52.9 |
|
55.7 |
|
56.8 |
|
(0.8 |
) |
|
| |
|
|
| Note: |
1. |
The above amounts do not include loans from Japan offshore market accounts. |
| |
2. |
Small and medium-sized companies are classified as those having capital of ¥300 million or less (¥100 million or less in the wholesale industry; ¥50 million or less in the retail and service industries) or those having 300 or fewer employees (100 or fewer in the wholesale industry; 50 or fewer in the retail industry and 100 or fewer in the service industry) and include businesses run by individuals. |
|
| |
| Outstanding Loans by Industry (Non-Consolidated) |
| |
2005 |
|
2004 |
| |
Outstanding balance
(Millions of yen) |
Number of borrowers |
|
Outstanding balance
(Millions of yen) |
Number of borrowers |
| |
Total |
Total in the
region |
|
Total |
Total in the
region |
|
Total |
Total in the
region |
Total |
Total in the
region |
| |
1,997,461 |
1,760,393 |
|
136,517 |
136,196 |
|
1,990,290 |
1,748,580 |
140,750 |
140,430 |
| Manufacturing |
326,081 |
242,324 |
|
3,188 |
3,084 |
|
343,187 |
244,641 |
3,331 |
3,223 |
| Agriculture |
2,864 |
2,362 |
|
155 |
155 |
|
2,362 |
2,362 |
176 |
176 |
| Forestry |
6,142 |
5,953 |
|
71 |
71 |
|
5,953 |
5,953 |
76 |
76 |
| Fishery |
3,891 |
3,891 |
|
191 |
191 |
|
4,398 |
4,398 |
215 |
215 |
| Mining |
3,060 |
1,880 |
|
26 |
24 |
|
3,436 |
2,056 |
34 |
32 |
| Construction |
106,673 |
106,272 |
|
2,787 |
2,785 |
|
109,429 |
109,128 |
2,924 |
2,923 |
| Utilities |
19,911 |
16,652 |
|
50 |
47 |
|
22,289 |
18,826 |
56 |
53 |
| Telecommunication |
15,055 |
8,751 |
|
139 |
135 |
|
19,902 |
9,671 |
148 |
145 |
| Communication |
6,870 |
1,870 |
|
10 |
9 |
|
12,551 |
2,351 |
13 |
11 |
| Transportation |
80,665 |
66,119 |
|
524 |
514 |
|
75,013 |
62,319 |
519 |
510 |
| Wholesale |
141,182 |
123,705 |
|
1,338 |
1,317 |
|
142,533 |
125,439 |
1,391 |
1,367 |
| Retail |
133,951 |
128,604 |
|
2,338 |
2,325 |
|
142,669 |
136,655 |
2,514 |
2,501 |
| Finance & Insurance |
83,233 |
16,625 |
|
115 |
66 |
|
69,638 |
15,753 |
97 |
61 |
| Real estate |
133,168 |
122,719 |
|
1,071 |
1,061 |
|
135,112 |
124,910 |
1,080 |
1,072 |
| Service industries |
243,635 |
216,019 |
|
3,875 |
3,843 |
|
241,016 |
213,282 |
4,005 |
3,977 |
| Restaurant |
15,438 |
15,306 |
|
731 |
728 |
|
15,906 |
15,531 |
785 |
781 |
| Local government |
163,063 |
145,180 |
|
48 |
48 |
|
145,180 |
145,180 |
63 |
63 |
| Other |
534,879 |
534,744 |
|
120,601 |
120,530 |
|
528,168 |
527,990 |
124,121 |
124,036 |
| |
|
|
|
|
|
|
|
|
|
|
 |
Investment Securities
The balance of investment securities increased ¥39,140 million (3.0 percent) from a year earlier to ¥1,365,376 million.
Capital Adequacy Ratio
Hyakugo Bank applies domestic standards for determining capital adequacy. As of March 31, 2005, the Bank’s capital adequacy ratio based on domestic standards was 9.92 percent, and the Tier I capital ratio was 8.21 percent. Calculated using BIS standards, the capital adequacy ratio was 11.64 percent. On a non-consolidated basis, the capital adequacy ratio based on domestic standards was 9.75 percent, and the Tier I ratio was 8.03 percent. Using BIS standards, the non-consolidated capital adequacy ratio was 11.50 percent.
| |
Millions of yen |
| |
Consolidated |
Non-Consolidated |
| March 31 |
2005 |
2004 |
2005 |
2004 |
| Tier I: |
|
|
|
|
| Common stockholders’ equity |
¥ 156,796 |
¥ 150,513 |
¥ 151,445 |
¥ 145,852 |
| Total Tier I capital |
156,796 |
150,513 |
151,445 |
145,852 |
| Tier II: |
|
|
|
|
| Premises revaluation account, after 55% discount |
3,782 |
3,784 |
3,782 |
3,784 |
| Reserve for possible loan losses |
11,932 |
11,779 |
11,778 |
11,629 |
| Total Tier II capital |
32,715 |
32,564 |
32,561 |
32,414 |
| Deduction from capital |
101 |
101 |
101 |
101 |
| Total capital |
189,410 |
182,976 |
183,905 |
178,165 |
| Total risk-adjusted assets |
1,909,184 |
1,884,714 |
1,884,513 |
1,860,708 |
| Capital adequacy ratio (%) |
9.92 |
9.70 |
9.75 |
9.57 |
|
Total Stockholders’ Equity
Total stockholders’ equity at March 31, 2005 increased ¥8,788 million (4.3 percent) from a year earlier to ¥212,264 million.
|
Cash Flows
Net cash provided by operating activities was ¥90,037 million, reflecting an increase in deposits and other factors. Net cash used in investing activities was ¥51,001 million, mainly due to purchases of investment securities. Net cash used in financing activities was ¥1,293 million due to payment of cash dividends and other factors. As a result, cash and cash equivalents at the end of the year increased ¥37,747 million from a year earlier to ¥166,820 million.
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