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Financial Highlights

Third Quarter of FY2022

January 2023

Fukuoka Financial Group

Financial Highlights FY2022/3Q

Profit & Loss Summary

(* Figures rounded to nearest unit)

Profit & loss (3 banks total)

( bil.)

3 banks non-

Bank of Fukuoka (non-

Kumamoto Bank (non-

Juhachi-Shinwa Bank

consolidated total

consolidated)

consolidated)

(non-consolidated)

[FY projected]

22/3Q

YoY chg.

22/3Q

YoY chg.

22/3Q

YoY chg.

22/3Q

YoY chg.

Gross business profit

143.7

-15.5

97.3

-10.1

15.5

0.6

30.9

-6.0

Net interest income

141.9

1.1

94.9

1.9

14.1

0.3

33.0

-1.1

Domestic

130.2

0.3

84.9

0.9

14.0

0.3

31.3

-0.9

International

11.7

0.8

10.0

1.0

0.0

0.0

1.7

-0.3

Non-interest income

1.7

-16.6

2.4

-12.0

1.4

0.3

-2.0

-4.9

Net fees and commissions

19.7

1.1

14.6

0.7

1.4

0.3

3.7

0.2

Specified trading income + other income (excl. bonds)

4.0

1.6

3.7

1.5

0.0

-0.0

0.2

0.1

Bond-related income

-21.9

-19.3

-16.0

-14.2

0.0

-0.0

-6.0

-5.1

Expenses (-)

82.9

-4.0

49.2

-0.9

9.4

-0.4

24.3

-2.7

Real net business profit

60.8

-11.5

48.1

-9.2

6.1

1.0

6.6

-3.2

General reserve for possible loan losses (-)

1.4

1.3

-0.5

-0.5

0.2

0.2

－

-1.0

Business profit

59.4

-12.7

48.5

-8.7

5.9

0.8

6.6

-2.3

Core net business profit

[104.0]

82.7

7.8

64.1

5.0

6.1

1.0

12.6

1.8

Non-recurring gains (losses)

1.0

-2.7

-2.8

-5.8

-0.3

-0.4

2.4

1.0

Ordinary profit

[99.6]

60.3

-15.5

45.8

-14.6

5.5

0.4

9.0

-1.2

Extraordinary gains (losses)

-0.3

0.1

-0.0

0.1

-0.0

-0.0

-0.3

0.1

Income (loss) before income taxes

60.0

-15.3

45.7

-14.5

5.5

0.3

8.8

-1.2

Income taxes (-)

15.0

-5.2

12.1

-4.8

1.3

0.0

1.5

-0.4

Net income

[73.2]

45.0

-10.1

33.6

-9.6

4.2

0.3

7.2

-0.8

Credit cost (-)

[3.5]

3.0

2.1

4.5

5.0

0.3

0.6

-1.8

-3.4

Profit & loss (FFG consolidated)

22/3Q

YoY chg.

Consolidation adjustments

22/3Q

YoY chg.

Gross business profit

155.3

-15.6

FFG non-consolidated

-8.1

-1.4

Real net business profit

49.8

-15.1

Adjustment related to Minna Bank

-5.4

-1.3

Core net business profit

72.9

5.2

Subsidiary gains (losses)

3.2

2.6

Ordinary profit

[83.0]

47.3

-16.7

Other consolidation adju

-2.1

-1.3

Consolidated net income*

[57.0]

32.6

-11.5

Consolidation adjustmen

-12.3

-1.4

* Refers to net income attributable to owners of the parent.

  • Core net business profit increased 7.8 billion yen year- on-year due in part to an increase in net interest income
    and net fees and commissions and a decrease in expenses (Progress on FY2022 projection: 79.5％)
  • Consolidated net income decreased 11.5 billion yen year-on-year, mainly due to a decrease in government
    bonds and other bond-related income. (Progress on FY2022 projection: 57.3％)
    • Earnings projections have been revised based on actual results (see P10)

Core net business profit (3 banks total)

97.5

(¥ bil.)

104.0

FY22

83.9

79.7

(Target

78.9

22.6

announced

for FY2022)

4Q

20.2

19.6

19.8

1-3Q

63.7

59.3

59.9

74.9 +7.8

82.7

FY18

FY19

FY20

FY21

FY22

FFG consolidated net income

(¥ bil.)

110.6

57.0

→30.5

FY22

51.6

54.1

145.8

44.6

(Target

9.9

4Q

12.7

～

8.9

announced

for FY2022)

1-3Q

38.9

357

44.2

32.6

-11.5

-35.2

FY18

FY19

FY20

FY21

FY22

Former Eighteenth

Bank

Post-integration basis

pre-integration basis

1

Financial Highlights FY2022/3Q

Core Net Business Profit

Core net business profit, year-on-year change

* Excluding loans to Government, etc.

(¥ bil.)

YoY

Non-interest income

chg.

Net interest income +1.1

+2.7

+7.8

Domestic interest on

82.7

deposits and loans +0.3

+4.0

74.9

+0.5

+2.2

+2.3

+0.0

+0.8

-2.1

1

2

3

4

21/3Q

Loan volume factors

International segment,

insurance Marketable securities/

investment trusts and

22/3Q

results

results

yieldLoan factors

onInterest anddepositsCDs

.etc

fromFees

income

non-Otherinterest

Expenses

  1. Domestic securities: -3.5, Domestic, others: +3.6, International
    division, etc.: +0.8
  2. Investment trusts: -0.8, Insurance: +1.3
  3. Corporate-relatedfees: +0.8, Gains (losses) on foreign exchange
    derivatives: +1.6, etc.
  4. Personnel expenses: +1.0, Non-personnel expenses: +2.7, Taxes: +0.3

Changes in core net

business profit

(3 banks total, ¥ bil.)

74.9

82.7 (YoY chg.+7.8)

23.0

25.0

26.9

22.6

28.6

27.7

26.4

21/1Q

21/2Q

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

Changes in domestic

loan interest

(3 banks total, ¥ bil.)

105.1

105.4 (YoY chg.+0.2)

35.0

35.0

35.2

34.5

34.8

35.1

35.5

21/1Q

21/2Q

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

(Reference) Changes in net

income

(FFG consolidated, ¥ bil.)

44.2

32.6 (YoY chg.-11.5)

15.2

12.7

16.2

9.9

17.0

13.7

1.9

21/1Q

21/2Q

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

2

Financial Highlights FY2022/3Q

Total Loans

Total loans (average balance) (3 banks total)

(¥ bil.)

* Including loans to Government, etc.

Annual rate

- 0.9%

- 0.5%

- 1.0%

1.9%

3.9%

(3.6%)

(1.9%)

(1.8%)

(Excluding loans to

(2.8%)

(0.8%)

Government, etc.)

3 banks total

16,926.7

16,990.3

16,978.0

17,325.4

17,582.5

716.8

International

678.9

705.4

790.2

768.0

[-9.3%]

Public

3,949.4

3,906.0

3,947.7

4,138.6

4,286.3

(including to

government)

[+8.5%]

Large-sized

1,976.9

2,002.2

2,002.9

2,010.8

2,004.7

[+1.4%]

enterprises

SMEs

6,406.0

6,485.0

6,475.6

6,580.0

6,653.4

[+3.9%]

Retail

3,804.0

3,828.9

3,872.7

3,890.4

3,921.1

[+3.1%]

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

(¥ bil.)

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

Fukuoka

Total loans (average balance)

11,172.7

11,511.5

11,640.0

11,584.4

11,570.2

Annual rate

0.1%

3.3%

3.7%

3.9%

3.6%

Retail

2,400.0

2,418.1

2,448.1

2,461.0

2,482.9

of

SMEs

4,534.8

4,603.0

4,612.4

4,696.3

4,739.5

Large-sized enterprises

1,528.1

1,550.0

1,554.7

1,570.2

1,564.4

Bank

Public

1,938.7

2,194.3

2,369.8

2,178.6

2,094.9

International

771.0

745.9

654.7

678.2

688.3

Bank

Total loans (average balance)

1,823.7

1,817.8

1,896.8

1,919.7

1,966.1

Annual rate

5.2%

-1.2%

2.7%

2.0%

7.8%

Kumamoto

Retail

536.3

540.7

546.8

549.9

554.3

SMEs

635.0

636.8

631.2

634.1

639.0

Large-sized enterprises

58.9

58.8

56.2

53.3

52.2

Public

593.4

581.4

662.5

682.1

720.4

International

-

-

-

-

-

Bank

Total loans (average balance)

3,930.2

3,660.8

3,441.2

3,821.2

4,046.1

Annual rate

-6.3%

-10.8%

-15.8%

-3.7%

2.9%

Shinwa-

Retail

867.6

870.0

877.7

879.4

883.8

SMEs

1,236.1

1,245.1

1,232.0

1,249.5

1,274.8

Juhachi

Large-sized enterprises

389.8

393.2

391.9

387.2

388.0

International

19.2

22.1

24.1

27.1

28.5

Public

1,417.3

1,130.2

,915.3

1,277.8

1,470.9

Annual rate 3.5% 4.5% 2.4% 8.1%

-10.7%

Annual rate 3.4% 0.6% -11.4%

21.4%

-

Annual rate 1.9% 3.1% -0.5%3.8% 48.4%

Figures in square brackets [ ] are annualized by sector

3

Financial Highlights FY2022/3Q

Retail Loans

Housing loans (average balance) (3 banks total)

(¥ bil.)

3 banks

3,317.8

3,345.4

3,389.0

3,409.2

3,436.0

[+3.6%]

total

Juhachi-

748.9

752.4

760.5

763.0

767.2

Shinwa

[+2.4%]

Kumamoto

480.5

485.7

491.6

494.2

497.5

[+3.5%]

Fukuoka

2,088.3

2,107.1

2,136.9

2,151.9

2,171.2

[+4.0%]

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

[Annual rate]

Consumer loans (average balance) (3 banks total)

(¥ bil.)

3 banks

315.9

315.0

319.7

319.8

323.0

[+2.3%]

total

Juhachi-

83.3

82.1

82.5

81.5

81.4

Shinwa

[-2.2%]

Kumamoto

29.7

29.5

29.8

29.8

30.1

[+1.3%]

Fukuoka

202.8

203.3

207.3

208.3

211.4

[+4.2%]

21/3Q

21/4Q

22/1Q

22/2Q

22/3Q

[Annual rate]

4

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Fukuoka Financial Group Inc. published this content on 07 February 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 February 2023 09:41:29 UTC.