June 2018
Toshiyasu Ito
President
Message from the President
In the fiscal year ended March 31, 2018, total income increased ¥8,042 million year on year to ¥91,437 million, primarily because of an increase in total interest income as a result of an aggressive effort to increase loans and bills discounted and an increase in other ordinary income, due to an increase in gain on sales of bonds.
Meanwhile, total expenses increased ¥4,579 million year on year to ¥74,818 million, primarily because of an increase in other ordinary expenses as a result of an increase in loss on sales of bonds.
Furthermore, income before income taxes increased ¥3,463 million year on year to ¥16,619 million.
Net income attributable to owners of the parent increased ¥2,649 million year on year to ¥11,690 million.
In the fiscal year ended March 31, 2018, the second year of our medium-term management plan, we have worked towards smoother regional finance and revitalization of local economies by developing financial mediation and consulting functions, and endeavored to further deepen our relationship with the regional society.
As an initiative to revitalize local economies, in November 2017, we established the Mie Public-Private Partnership Platform with the goal of vitalizing public-private PPP/PFI collaborative projects involving public services in Mie Prefecture, together with the Cabinet Office and municipalities in Mie Prefecture.
In terms of products and services, we worked on social contribution activities in partnership with our customers through the Hyakugo Charitable Private Bond “Yume-No-Chikara,” which was used by a large number of our customers. A portion of the fees received from private placement bond issuers was used to donate books, equipment, and other items to educational institutions or other organizations designated by the issuer.
In terms of branches, we opened our 20th branch in September 2017 in Aichi Prefecture, the Ichinomiya Branch, and our 21st branch in June 2018, the Moriyama Branch.
As a work style reform initiative, in January 2018, we launched a trial telework program using tablets, with the goal of building a flexible working environment with more options, and supporting diverse work styles.
We also believe that the physical and mental health of our employees and their families are vital for sustainable corporate growth, and in September 2017, we established the Hyakugo Bank Health Declaration. In February 2018, the Ministry of Economy, Trade and Industry and the Nippon Kenko Kaigi recognized our efforts by certifying Hyakugo Bank under the 2018 Certified Health and Productivity Management Organization Recognition Program as a “White 500” enterprise (large enterprise category), a certification given to enterprises engaged in efforts to advance health and productivity management.
In November 2018, we will celebrate the 140th anniversary of our founding. This is all thanks to the support and generosity of our shareholders and customers, for which we are deeply appreciative. Going forward, Hyakugo Bank will live up to the trust placed in us and all executives and employees will work together to ensure development of the regional society and the Bank. We appreciate your further support and cooperation.