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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

  1. Domestic securities: +0.8, Domestic, others: +2.9,
    International division: -2.3
  2. Investment trusts: +0.1, Insurance: +0.1
  3. Corporate-relatedfees: +0.4, Gains (losses) on foreign exchange
    derivatives: -1.4, etc.
  4. 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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Disclaimer

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.