S um itom o T r ust & B a nking Co., L td . Information Meeting on Financial Results for FY2001 平成１ ３ 年３ 月 May 29, 2002
Table of Contents FY2001 Financial Outlook (non-consolidated) - - - - - - - 1 Operation Summary of Business Group - - - - - - - 2 Expanding Trust Business - - - - - - - 3 Securities Portfolio - - - - - - - 4 Forecast for FY2002 (non-consolidated) - - - - - - - 5 FY2001 Credit Costs Breakdown - - - - - - - 6 Loans to Debtors in “Special Mention” Category - - - - - - - 7-8 Migration Analysis - - - - - - - 9 Loans to Debtors in “Potentially Bankrupt” or Worse Categories - - - - - - - 10 Loan-Deposit Margin - - - - - - - 11 Optimizing Loan Portfolio - - - - - - - 12 New Business Group – Wholesale Financial Services Group - - - - - - - 13 Asset Balance Projection – Wholesale Financial Services Group - - - - - - - 14 ALM Strategy - - - - - - - 15 Balanced Business Portfolio - - - - - - - 16 Inverse Correlation – Loan Assets and Securities - - - - - - - 17 Inverse Correlation – US Treasury and Japanese Equities - - - - - - - 18 Organization, People, and Philosophy for Stable Profits - - - - - - - 19
FY2001 Financial Outlook (non-consolidated) Summary of Financial Results – (1) Comparison with FY2001 FY2000 Change (in billions of Yen) Nov. 2001 Forecast 150.2 144.1 6.0 10.2 Adjusted Net Business Profit General & Administrative Expenses 121.4 125.9 -4.4 49.2 52.4 -3.2 Personnel Expenses 72.2 73.4 -1.2 Non-Personnel Expenses 105.4 146.8 -41.4 25.4 Credit Costs* Net Non-recurring Items -112.4 75.5 -188.0 -87.4 Net Capital gains (losses) on Stocks -110.1 43.6 -153.7 Others -2.3 31.9 -34.2 -67.6 72.9 -140.5 -102.6 Net Operating Profit 2.6 11.3 -8.7 Extraordinary Profit -42.2 42.6 -84.4 -63.2 Net Income *Credit Cost = Banking A/C + Trust A/C Credit Cost (including Net Transfer to Reserve for Loans to Borrowers in Specific Countries) + Net Transfer to General Reserve 1
Operation Summary by Business Group FY2001 FY2000 Change Outsourcing Net Profit Fee paid to of Gross Net Gross Net Gross Net (in billions of Yen) JTSB Subsidiaries Profit Profit Profit Profit Profit Profit Consumer and Corporate Finance 129.0 53.1 144.8 71.1 -15.8 -18.0 1.7 Group 11.7 8.2 9.5 5.8 2.2 2.4 -0.2 Global Credit Investment Group Treasury and Financial Products 66.6 57.6 46.4 36.4 20.2 21.2 Group 46.0 22.1 55.5 25.7 -9.4 -3.6 -12.9 6.7 Fiduciary Services Group (-7.8) 29.3 14.7 35.0 16.9 -5.7 -2.2 -8.0 -0.2 Pension Asset Management (-4.3) 3.9 0.9 8.0 2.5 -4.1 -1.5 -4.9 6.9 Securities Processing Services (-3.4) Stock Transfer Agency 12.9 6.5 12.5 6.4 0.4 0.1 18.5 9.2 14.0 5.1 4.5 4.1 0.3 Real Estate Group Total <Adjusted Net Business Profit> 271.7 150.2 270.0 144.1 1.7 6.1 8.4 *Figures in parentheses denote the differences from the previous fiscal year. 2
Expanding Trust Business Change in Volume of Entrusted Assets (in trillions of Yen) 4 5 I n v e s t m e n t T r u s t CAGR 15% 4 0 S e c u r i t i e s T r u s t P u b l i c P e n s i o n 3 5 P e n s i o n T r u s t 3 0 P e n s i o n T o k k i n T o k k i n 2 5 2 0 1 5 1 0 5 0 M a r . 1 9 9 8 M a r . 1 9 9 9 M a r . 2 0 0 0 M a r . 2 0 0 1 M a r . 2 0 0 2 3
Securities Portfolio Book Values and Net Unrealized Gains (Losses) of Securities (*) (in billions of Yen) (Non-consolidated; including listed and unlisted securities; Devaluation reflected) Book Values Net Unrealized Gains (Losses) Banking A/C Mar. 2002 Sep. 2001 Change Mar. 2002 Sep. 2001 Change Bonds 1,407.5 1,555.5 -147.9 6.6 8.6 -2.0 Stocks 1,018.6 1,111.5 -92.9 -51.2 -125.6 74.4 Others 2,643.5 2,950.6 -307.1 -48.8 42.9 -91.8 Total 5,069.7 5,617.8 -548.0 -93.4 -74.0 -19.3 (in billions of Yen) Book Values Net Unrealized Gains (Losses) Trust A/C Mar. 2002 Sep. 2001 Change Mar. 2002 Sep. 2001 Change Bonds 158.4 226.8 -68.3 6.1 7.7 -1.6 Stocks 1.2 8.0 -6.8 -0.0 -2.3 2.2 Others 122.1 33.2 88.8 -6.9 0.4 -7.4 Total 281.7 268.0 13.7 -0.9 5.9 -6.8 4
Forecast for FY2002 (non-consolidated) FY2002 FY2001 Change Projection (**) Forecast (A) Actual (B) (A) - (B) as of Aug. 2001 (in billions of Yen) 145.0 145.0 150.2 -5.2 Adjusted Net Business Profit 80.0 105.4 60.0 -25.4 Credit Costs 60.0 81.4 45.0 -21.4 Banking A/C (*) 20.0 23.9 -3.9 15.0 Trust A/C -10.0 -112.4 Net Other Non-Recurring Profit 102.4 78.0 55.0 -67.6 122.6 Net Operating Profit 45.0 33.0 -42.2 75.2 Net Income (*) Including Net Transfer to Reserve for Loans to Borrowers in Specific Foreign Countries and Net Transfer to General Reserve (**) Projection Based on The Revised Plan for Restoring Sound Management 5
Quality of Assets
FY2001 Credit Costs Breakdown Credit Costs FY2000 FY2001 1HFY2001 2HFY2001 (in billions of Yen) Notes Write-off/Reserve 125.7 99.1 39.4 59.7 31.5 23.9 10.8 13.1 Trust A/C Mainly on account of write-off for 1HFY2001. Write-off for 2HFY2001: approximately 14.5 billion yen => Reflected on Trust Fees for 1HFY2002 94.1 75.2 28.6 46.6 Banking A/C Reserve ratio for loans to “Substandard” Net Transfer to General 21.1 6.2 -5.8 12.0 Reserve debtors – raised to 25% (20% as of Sep. 2001). Saw an increase in Loans to “Special Mention other than Substandard” debtors. Total Credit Costs 146.8 105.4 33.6 71.7 Increase in Specific Reserve owing to debtors’ migration to worse categories : approximately 55 billion yen Write-off owing to debtors’ legal liquidation : approximately 25 billion yen Gains from Bulk Sales, etc. : 3.5 billion yen 6
Loans to Debtors in “Special Mention” Category –1) (in billions of Yen) Non-consolidated <Banking A/C + Trust A/C> Mar. 2002 Sep. 2001 Change Coverage Ratio Substandard Loans Substandard 255.9 152.6 103.3 Special Mention 1,187.2 1,130.4 56.8 50% excl. Substandard Ordinary Loans Special Mention 1,443.2 1,283.0 160.2 Ordinary 9,402.1 9,423.1 -20.9 Classification under Classification under Financial Reconstruction Law Self-Assessment (Classification based on Assets) (Classification based on Debtors) <Note> “Substandard Loans” Defined “Substandard Loans” = ‘Loans more than 3 months past due’ + ‘Terms and Conditions of Loans Mitigated’ (‘Interest Rate Reduction,’ ‘Principal Repayment Rescheduled,’ ‘Financial Supports Granted ,’ etc.) ‘Interest Rate Reduction,’ and ‘Principal Repayment Rescheduled’ : Whether a financial support has been granted or not to a debtor is judged on the financial condition of each debtor, not on the spread level as had been applied until Sep. 2001. Not only the loans whose terms and condition were mitigated for restoring debtors’ financial conditions, but also those with inappropriate repayment provisions/interest rates in view of their credit risk, are included within the purview of “Terms and Conditions of Loans Mitigated,” on the assumption that such are equivalent with financial supports. 7
Loans to Debtors in “Special Mention” Category –2) <General Reserve> (Banking A/C) Mar. 2002 Sep. 2001 Change Substandard Loans Substandard 24.7% 20.0% 4.7% Special Mention 3.0% 4.4% -1.4% excl. Substandard Special Mention 6.1% 6.2% -0.1% Ordinary Loans Ordinary 0.1% 0.1% 0.0% Classification under Classification under Financial Self-Assessment Reconstruction Law (Classification based on Debtors) (Classification based on Assets) 8
Migration Analysis Classification under Financial Reconstruction Law (1HFY2001) Migration Factors Write-off, Sale, or (in billions of Yen) Mar. 2001 Sep. 2001 Change Downgrade (+) Downgrade (-) Upgrade (+) Upgrade (-) Collection 85.4 93.9 8.5 42.5 - - -0.9 -33.1 Bankrupt/Practically Bankrupt 412.0 361.8 -50.3 54.6 -39.2 - -2.9 -62.9 Doubtful 35.4 148.3 112.9 114.4 -0.8 0.8 -0.7 -0.9 Substandard Special Mention (other than 1,331.1 1,134.7 -196.5 131.8 -165.3 3.6 -43.1 -123.4 Substandard) (2HFY2001) Migration Factors Write-off, Sale, or (in billions of Yen) Sep. 2001 Mar. 2002 Change Downgrade (+) Downgrade (-) Upgrade (+) Upgrade (-) Collection 93.9 47.2 -46.7 15.4 - - - -62.1 Bankrupt/Practically Bankrupt 361.8 424.4 62.6 111.7 -10.6 - -4.8 -33.7 Doubtful 148.3 217.5 69.1 131.3 -37.9 0.4 - -24.7 Substandard Special Mention (other than 1,134.7 1,225.7 91.0 492.7 -194.8 4.2 -9.4 -201.7 Substandard) 9
Recommend
More recommend
