UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
REPORT OF FOREIGN PRIVATE ISSUER
PURSUANT TO RULE 13a-16 OR 15d-16
UNDER THE SECURITIES EXCHANGE ACT OF 1934
For the month of July 2017
Commission File Number 001-33098
Mizuho Financial Group, Inc.
(Translation of registrant’s name into English)
5-5, Otemachi 1-chome
Chiyoda-ku, Tokyo 100-8176
Japan
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): ☐
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): ☐
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ☐ No ☒
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):82- .
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| Date: | July 28, 2017 | |
| Mizuho Financial Group, Inc. | ||
| By: | /s/ Makoto Umemiya | |
| Name: | Makoto Umemiya | |
| Title: | Managing Executive Officer / Group CFO | |
The following is the English translation of excerpt regarding the Basel Pillar 3 disclosures and the relevant information from our Japanese language disclosure material published in July 2017.
The Japanese regulatory disclosure requirements are fulfilled with the Basel Pillar 3 disclosures and Japanese GAAP is applied to the relevant financial information.
In this report, “we,” “us,” and “our” refer to Mizuho Financial Group, Inc. and, unless the context indicates otherwise, its consolidated subsidiaries. “Mizuho Financial Group” refers to Mizuho Financial Group, Inc.
| 3 | ||||
| 3 | ||||
| 5 | ||||
| Status of Mizuho Financial Group’s consolidated capital adequacy |
6 | |||
| 6 | ||||
| (1) Scope of consolidation for calculating consolidated capital adequacy ratio |
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| 9 | ||||
| (2) Composition of capital, etc. |
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| 21 | ||||
| (3) Summary of approach to assessing capital adequacy |
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| (4) Required capital by portfolio classification |
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| 24 | ||||
| (5) Credit risk management |
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| (6) Credit risk exposure, etc. |
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| 41 | ||||
| (7) Risk management regarding credit risk mitigation |
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| (8) Credit risk mitigation by portfolio classification |
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| ∎ Counterparty risk in derivatives transactions and long-settlement transactions |
43 | |||
| (9) Management of counterparty risk in derivatives transactions and long-settlement transactions |
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| (10) Status of counterparty risk in derivatives transactions and long-settlement transactions |
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| 45 | ||||
| (11) Summary of securitization exposure and its risk management |
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| (12) Accounting policies for securitization transactions |
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| (13) Quantitative disclosure items for securitization exposure |
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| 62 | ||||
| 63 | ||||
| 64 | ||||
| (14) Risk management related to equity exposure in banking book |
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| (15) Status of equity exposure in banking book |
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| 66 | ||||
| ∎ Indicators for assessing Global Systemically Important Banks (G-SIBs) |
67 | |||
Status of Sound Management of Liquidity Risk
| 69 | ||||
| 72 | ||||
| 72 | ||||
1
Compensation of directors, corporate auditors and employees
| 73 | ||||
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78 | |||
| 80 | ||||
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| 91 | ||||
2
Capital adequacy requirement highlights
The Basel Framework, based on the “International Convergence of Capital Measurement and Capital Standards: A Revised Framework” issued by the Basel Committee on Banking Supervision, requires the disclosure of capital adequacy information to ensure the enhanced effectiveness of market discipline. Our disclosure is made under the “Matters Separately Prescribed by the Commissioner of the Financial Services Agency Regarding Capital Adequacy Conditions, etc. pursuant to Article 19-2, Paragraph 1, Item 5, Subitem (d), etc. of the Ordinance for Enforcement of the Banking Law (Ministry of Finance Ordinance No. 10 of 1982)” (the FSA Notice No. 7 of 2014, etc.).
With respect to the calculation of capital adequacy ratio, we have applied the international standard and adopted (a) the advanced internal ratings-based approach as a method to calculate the amount of credit risk weighted assets and (b) the advanced measurement approach as a method to calculate the amount equivalent to the operational risk.
(1) Summary of capital adequancy ratio
| Mizuho Financial Group (Consolidated) | ||||||||
| (Billions of yen) | ||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||
| Total capital ratio (International standard) |
15.41 | % | 16.28 | % | ||||
| Tier 1 capital ratio |
12.64 | % | 13.30 | % | ||||
| Common equity Tier 1 capital ratio |
10.50 | % | 11.34 | % | ||||
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| Total capital |
9,638.6 | 10,050.9 | ||||||
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| Tier 1 capital |
7,905.0 | 8,211.5 | ||||||
| Common equity Tier 1 capital |
6,566.4 | 7,001.6 | ||||||
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| Risk weighted assets |
62,531.1 | 61,717.1 | ||||||
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| Credit risk |
57,588.4 | 56,060.0 | ||||||
| Market risk |
1,696.0 | 2,282.8 | ||||||
| Operational risk |
3,246.6 | 3,374.2 | ||||||
| Mizuho Bank (Consolidated) | ||||||||
| (Billions of yen) | ||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||
| Total capital ratio (International standard) |
15.46 | % | 16.20 | % | ||||
| Tier 1 capital ratio |
12.75 | % | 13.34 | % | ||||
| Common equity Tier 1 capital ratio |
10.81 | % | 11.16 | % | ||||
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| Total capital |
8,780.2 | 9,148.5 | ||||||
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| Tier 1 capital |
7,243.6 | 7,535.7 | ||||||
| Common equity Tier 1 capital |
6,142.2 | 6,304.0 | ||||||
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| Risk weighted assets |
56,771.0 | 56,461.7 | ||||||
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| Credit risk |
53,581.0 | 52,656.4 | ||||||
| Market risk |
1,027.0 | 1,334.2 | ||||||
| Operational risk |
2,162.9 | 2,471.0 | ||||||
| Mizuho Bank (Non-Consolidated) | ||||||||
| (Billions of yen) | ||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||
| Total capital ratio (International standard) |
15.50 | % | 16.53 | % | ||||
| Tier 1 capital ratio |
12.66 | % | 13.53 | % | ||||
| Common equity Tier 1 capital ratio |
10.65 | % | 11.20 | % | ||||
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| Total capital |
8,576.3 | 8,938.2 | ||||||
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| Tier 1 capital |
7,004.0 | 7,316.2 | ||||||
| Common equity Tier 1 capital |
5,892.2 | 6,057.2 | ||||||
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| Risk weighted assets |
55,306.1 | 54,052.6 | ||||||
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| Credit risk |
52,392.1 | 51,130.0 | ||||||
| Market risk |
1,017.8 | 876.4 | ||||||
| Operational risk |
1,896.1 | 2,046.2 | ||||||
3
| Mizuho Trust & Banking (Consolidated) | ||||||||
| (Billions of yen) | ||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||
| Total capital ratio (International standard) |
19.52 | % | 19.47 | % | ||||
| Tier 1 capital ratio |
18.21 | % | 18.73 | % | ||||
| Common equity Tier 1 capital ratio |
18.21 | % | 18.73 | % | ||||
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| Total capital |
472.1 | 484.9 | ||||||
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| Tier 1 capital |
440.4 | 466.4 | ||||||
| Common equity Tier 1 capital |
440.4 | 466.4 | ||||||
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| Risk weighted assets |
2,418.1 | 2,489.5 | ||||||
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| Credit risk |
2,141.9 | 2,211.2 | ||||||
| Market risk |
15.1 | 16.7 | ||||||
| Operational risk |
261.0 | 261.4 | ||||||
| Mizuho Trust & Banking (Non-consolidated) | ||||||||
| (Billions of yen) | ||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||
| Total capital ratio (International standard) |
19.80 | % | 19.70 | % | ||||
| Tier 1 capital ratio |
18.52 | % | 18.98 | % | ||||
| Common equity Tier 1 capital ratio |
18.52 | % | 18.98 | % | ||||
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| Total capital |
479.5 | 492.6 | ||||||
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| Tier 1 capital |
448.4 | 474.5 | ||||||
| Common equity Tier 1 capital |
448.4 | 474.5 | ||||||
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| Risk weighted assets |
2,421.0 | 2,500.1 | ||||||
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| Credit risk |
2,192.2 | 2,261.4 | ||||||
| Market risk |
12.0 | 14.5 | ||||||
| Operational risk |
216.7 | 224.0 | ||||||
4
(1) Credit risk weighted assets by asset class and ratings segment
Mizuho Financial Group (Consolidated)
| (Billions of yen) | ||||||||||||||||||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||||||||||||||||||
| EAD | Credit risk weighted assets |
Risk Weight(%) |
EAD | Credit risk weighted assets |
Risk Weight(%) |
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| Internal ratings-based approach |
190,100.2 | 50,922.7 | 26.78 | 189,852.0 | 50,084.2 | 26.38 | ||||||||||||||||||
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| Corporate, etc. |
164,945.4 | 32,874.3 | 19.93 | 164,623.5 | 31,312.3 | 19.02 | ||||||||||||||||||
| Corporate (except specialized lending) |
77,953.6 | 29,559.7 | 37.91 | 78,222.1 | 28,727.3 | 36.72 | ||||||||||||||||||
| Ratings A1-B2 |
54,868.1 | 14,961.2 | 27.26 | 55,538.0 | 14,486.4 | 26.08 | ||||||||||||||||||
| Ratings C1-D3 |
20,947.9 | 12,694.1 | 60.59 | 20,306.6 | 12,002.9 | 59.10 | ||||||||||||||||||
| Ratings E1-E2 |
1,179.1 | 1,575.6 | 133.62 | 1,373.3 | 1,885.3 | 137.27 | ||||||||||||||||||
| Ratings E2R-H1 |
958.4 | 328.7 | 34.29 | 1,004.0 | 352.5 | 35.11 | ||||||||||||||||||
| Sovereign |
79,893.0 | 1,278.0 | 1.59 | 80,314.2 | 1,023.3 | 1.27 | ||||||||||||||||||
| Ratings A1-B2 |
79,739.7 | 1,184.1 | 1.48 | 80,165.1 | 928.3 | 1.15 | ||||||||||||||||||
| Ratings C1-D3 |
152.6 | 92.6 | 60.72 | 148.6 | 94.3 | 63.49 | ||||||||||||||||||
| Ratings E1-E2 |
0.6 | 1.2 | 186.86 | 0.3 | 0.6 | 164.61 | ||||||||||||||||||
| Ratings E2R-H1 |
0.0 | 0.0 | 62.73 | 0.0 | 0.0 | 40.50 | ||||||||||||||||||
| Bank |
6,923.3 | 1,817.2 | 26.24 | 5,921.5 | 1,375.8 | 23.23 | ||||||||||||||||||
| Ratings A1-B2 |
6,198.3 | 1,369.0 | 22.08 | 5,337.6 | 1,036.1 | 19.41 | ||||||||||||||||||
| Ratings C1-D3 |
718.6 | 437.6 | 60.90 | 582.4 | 339.2 | 58.25 | ||||||||||||||||||
| Ratings E1-E2 |
4.4 | 9.9 | 225.53 | 0.0 | 0.0 | 184.04 | ||||||||||||||||||
| Ratings E2R-H1 |
1.9 | 0.5 | 30.21 | 1.4 | 0.4 | 29.54 | ||||||||||||||||||
| Specialized lending |
175.2 | 219.2 | 125.09 | 165.6 | 185.8 | 112.16 | ||||||||||||||||||
| Retail |
12,942.5 | 4,767.1 | 36.83 | 12,235.5 | 4,541.9 | 37.12 | ||||||||||||||||||
| Residential mortgage |
9,855.1 | 3,164.6 | 32.11 | 9,388.0 | 3,096.3 | 32.98 | ||||||||||||||||||
| Qualifying revolving loan |
562.9 | 362.7 | 64.44 | 629.2 | 415.6 | 66.05 | ||||||||||||||||||
| Other retail |
2,524.5 | 1,239.6 | 49.10 | 2,218.2 | 1,029.9 | 46.42 | ||||||||||||||||||
| Equities |
4,460.7 | 7,347.2 | 164.70 | 4,973.3 | 8,642.9 | 173.78 | ||||||||||||||||||
| PD/LGD approach |
3,901.2 | 5,524.7 | 141.61 | 4,180.1 | 6,068.0 | 145.16 | ||||||||||||||||||
| Market-based approach |
559.4 | 1,822.4 | 325.76 | 793.1 | 2,574.9 | 324.64 | ||||||||||||||||||
| Regarded-method exposure |
1,750.8 | 3,887.1 | 222.02 | 1,744.0 | 3,341.4 | 191.58 | ||||||||||||||||||
| Securitizations |
3,803.3 | 291.1 | 7.65 | 4,009.5 | 328.9 | 8.20 | ||||||||||||||||||
| Others |
2,197.4 | 1,755.6 | 79.89 | 2,265.9 | 1,916.6 | 84.58 | ||||||||||||||||||
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| Standardized approach |
10,840.7 | 3,628.0 | 33.46 | 17,523.9 | 3,508.0 | 20.01 | ||||||||||||||||||
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| CVA risk |
n.a. | 2,823.3 | n.a. | n.a. | 2,272.3 | n.a. | ||||||||||||||||||
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| Central counterparty-related |
n.a. | 214.4 | n.a. | n.a. | 195.4 | n.a. | ||||||||||||||||||
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| Total |
200,940.9 | 57,588.4 | 28.65 | 207,375.9 | 56,060.0 | 27.03 | ||||||||||||||||||
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| Notes: |
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| 1. |
“Corporate” does not include specialized lending exposure under supervisory slotting criteria. | |
| 2. |
“Specialized lending” is specialized lending exposure under supervisory slotting criteria. | |
<Analysis>
Risk assets decreased due to changes in the EAD calculation method for derivative transactions.
5
Status of Mizuho Financial Group’s consolidated capital adequacy
(1) Scope of consolidation for calculating consolidated capital adequacy ratio
(A) Difference from the companies included in the scope of consolidation based on consolidation rules for preparation of consolidated financial statements (the “scope of accounting consolidation”)
None as of March 31, 2016 and 2017
(B) Number of consolidated subsidiaries
| As of March 31, 2016 | As of March 31, 2017 | |||||||
| Consolidated subsidiaries |
143 | 139 | ||||||
Our major consolidated subsidiaries are Mizuho Bank, Ltd., Mizuho Trust & Banking Co., Ltd. and Mizuho Securities Co., Ltd.
6
The following table sets forth information with respect to our principal consolidated subsidiaries as of March 31, 2017:
| Name |
Country of organization |
Main business |
Proportion of ownership interest (%) |
Proportion of voting interest (%) |
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| Domestic |
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| Mizuho Bank, Ltd. |
Japan | Banking | 100.0 | % | 100.0 | % | ||||||||
| Mizuho Trust & Banking Co., Ltd. |
Japan | Trust and banking | 100.0 | 100.0 | ||||||||||
| Mizuho Securities Co., Ltd. |
Japan | Securities | 95.8 | 95.8 | ||||||||||
| Mizuho Research Institute Ltd. |
Japan | Research and consulting | 98.6 | 98.6 | ||||||||||
| Mizuho Information & Research Institute Inc. |
Japan | Information technology | 91.5 | 91.5 | ||||||||||
| Asset Management One Co., Ltd. |
Japan | Investment management | 70.0 | 51.0 | ||||||||||
| Trust & Custody Services Bank, Ltd. |
Japan | Trust and banking | 54.0 | 54.0 | ||||||||||
| Mizuho Private Wealth Management Co., Ltd. |
Japan | Consulting | 100.0 | 100.0 | ||||||||||
| Mizuho Credit Guarantee Co., Ltd. |
Japan | Credit guarantee | 100.0 | 100.0 | ||||||||||
| Mizuho Realty Co., Ltd. |
Japan | Real estate agency |
100.0 | 100.0 | ||||||||||
| Mizuho Factors, Limited |
Japan | Factoring | 100.0 | 100.0 | ||||||||||
| Simplex Investment Advisors Inc. |
Japan | Holding company | 100.0 | 100.0 | ||||||||||
| Defined Contribution Plan Services Co., Ltd. |
Japan | Pension plan- related business |
60.0 | 60.0 | ||||||||||
| Mizuho-DL Financial Technology Co., Ltd. |
Japan | Application and Sophistication of Financial Technology |
60.0 | 60.0 | ||||||||||
| UC Card Co., Ltd. |
Japan | Credit card | 51.0 | 51.0 | ||||||||||
| Mizuho Trust Systems Company, Limited. |
Japan | Subcontracted calculation services, software development | 50.0 | 50.0 | ||||||||||
| Mizuho Capital Co., Ltd. |
Japan | Venture capital | 50.0 | 50.0 | ||||||||||
|
Overseas |
||||||||||||||
| Mizuho Americas LLC |
U.S.A. | Holding company | 100.0 | 100.0 | ||||||||||
| Mizuho Bank (China), Ltd. |
China | Banking | 100.0 | 100.0 | ||||||||||
| Mizuho International plc |
U.K. | Securities and banking | 100.0 | 100.0 | ||||||||||
| Mizuho Securities Asia Limited |
China | Securities | 100.0 | 100.0 | ||||||||||
| Banco Mizuho do Brasil S.A. |
Brazil | Banking | 100.0 | 100.0 | ||||||||||
| Mizuho Securities USA LLC |
U.S.A. | Securities | 100.0 | 100.0 | ||||||||||
| Mizuho Bank Europe N.V. |
Netherlands | Banking and securities | 100.0 | 100.0 | ||||||||||
| Mizuho Trust & Banking (Luxembourg) S.A. |
Luxembourg | Trust and banking | 100.0 | 100.0 | ||||||||||
| Mizuho Bank (USA) |
U.S.A. | Banking | 100.0 | 100.0 | ||||||||||
| Mizuho Bank (Switzerland) Ltd |
Switzerland | Trust and banking | 100.0 | 100.0 | ||||||||||
| Mizuho Trust & Banking Co. (USA) |
U.S.A. | Trust and banking | 100.0 | 100.0 | ||||||||||
| Mizuho Capital Markets Corporation |
U.S.A. | Derivatives | 100.0 | 100.0 | ||||||||||
| PT. Bank Mizuho Indonesia |
Indonesia | Banking | 99.0 | 99.0 | ||||||||||
7
(C) Corporations providing financial services for which Article 9 of the FSA Notice No. 20 is applicable
None as of March 31, 2016 and 2017.
(D) Companies that are in the bank holding company’s corporate group but not included in the scope of accounting consolidation and companies that are not in the bank holding company’s corporate group but included in the scope of accounting consolidation
None as of March 31, 2016 and 2017.
(E) Restrictions on transfer of funds or capital within the bank holding company’s corporate group
None as of March 31, 2016 and 2017.
(F) Names of any other financial institutions, etc., classified as subsidiaries or other members of the bank holding company that are deficient in regulatory capital
None as of March 31, 2016 and 2017.
8
(2) Composition of capital, etc.
(A) Composition of capital disclosure
Composition of capital disclosure (International standard)
| (Millions of yen) | ||||||||||||||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||||||||||||||
| Basel III template |
Amounts excluded under transitional arrangements |
Amounts excluded under transitional arrangements |
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| Common equity Tier 1 capital: instruments and reserves |
(1) | |||||||||||||||||||
| 1a+2-1c-26 | Directly issued qualifying common share capital plus related stock surplus and retained earnings |
6,365,502 | / | 6,905,510 | / | |||||||||||||||
| 1a | of which: capital and stock surplus |
3,267,031 | / | 3,390,691 | / | |||||||||||||||
| 2 | of which: retained earnings |
3,196,908 | / | 3,614,841 | / | |||||||||||||||
| 1c | of which: treasury stock (-) |
3,609 | / | 4,849 | / | |||||||||||||||
| 26 | of which: national specific regulatory adjustments (earnings to be distributed) (-) |
94,827 | / | 95,173 | / | |||||||||||||||
| of which: other than above |
— | / | — | / | ||||||||||||||||
| 1b | Subscription rights to common shares | 2,762 | / | 1,754 | / | |||||||||||||||
| 3 | Accumulated other comprehensive income and other disclosed reserves |
964,710 | 643,140 | 1,216,780 | 304,195 | |||||||||||||||
| 5 | Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1) |
14,749 | / | 14,537 | / | |||||||||||||||
| Total of items included in common equity Tier 1 capital: instruments and reserves subject to phase-out arrangements |
32,465 | / | 22,881 | / | ||||||||||||||||
| of which: amount allowed in group CET1 capital subject to phase-out arrangements on common share capital issued by subsidiaries and held by third parties |
32,465 | / | 22,881 | / | ||||||||||||||||
| 6 | Common equity Tier 1 capital: instruments and reserves |
(A) | 7,380,191 | / | 8,161,464 | / | ||||||||||||||
| Common equity Tier 1 capital: regulatory adjustments |
(2) | |||||||||||||||||||
| 8+9 | Total intangible assets (net of related tax liability, excluding those relating to mortgage servicing rights) |
361,571 | 241,047 | 619,806 | 154,951 | |||||||||||||||
| 8 | of which: goodwill (net of related tax liability, including those equivalent) |
35,452 | 23,635 | 79,695 | 19,923 | |||||||||||||||
| 9 | of which: other intangibles other than goodwill and mortgage servicing rights (net of related tax liability) |
326,118 | 217,412 | 540,111 | 135,027 | |||||||||||||||
| 10 | Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) |
6,614 | 4,409 | 36,601 | 9,150 | |||||||||||||||
| 11 | Deferred gains or losses on derivatives under hedge accounting |
99,158 | 66,105 | 8,137 | 2,034 | |||||||||||||||
| 12 | Shortfall of eligible provisions to expected losses |
18,041 | 12,000 | 9,381 | 2,352 | |||||||||||||||
| 13 | Securitization gain on sale |
52 | 35 | 52 | 13 | |||||||||||||||
| 14 | Gains and losses due to changes in own credit risk on fair valued liabilities |
1,419 | 946 | 593 | 148 | |||||||||||||||
| 15 | Net defined benefit asset |
269,400 | 179,600 | 443,158 | 110,789 | |||||||||||||||
| 16 | Investments in own shares (excluding those reported in the net assets section) |
1,338 | 892 | 5,473 | 1,368 | |||||||||||||||
9
| 17 | Reciprocal cross-holdings in common equity |
— | — | — | — | |||||||||||||||
| 18 | Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued share capital (amount above the 10% threshold) |
56,105 | 37,403 | 36,595 | 9,148 | |||||||||||||||
| 19+20+21 | Amount exceeding the 10% threshold on specified items | — | — | — | — | |||||||||||||||
| 19 | of which: significant investments in the common stock of financials |
— | — | — | — | |||||||||||||||
| 20 | of which: mortgage servicing rights |
— | — | — | — | |||||||||||||||
| 21 | of which: deferred tax assets arising from temporary differences (net of related tax liability) |
— | — | — | — | |||||||||||||||
| 22 | Amount exceeding the 15% threshold on specified items | — | — | — | — | |||||||||||||||
| 23 | of which: significant investments in the common stock of financials |
— | — | — | — | |||||||||||||||
| 24 | of which: mortgage servicing rights |
— | — | — | — | |||||||||||||||
| 25 | of which: deferred tax assets arising from temporary differences (net of related tax liability) |
— | — | — | — | |||||||||||||||
| 27 | Regulatory adjustments applied to common equity Tier 1 due to insufficient additional Tier 1 and Tier 2 to cover deductions |
— | / | — | / | |||||||||||||||
| 28 | Common equity Tier 1 capital: regulatory adjustments | (B) | 813,702 | / | 1,159,800 | / | ||||||||||||||
| Common equity Tier 1 capital (CET1) |
||||||||||||||||||||
| 29 | Common equity Tier 1 capital (CET1) ((A)-(B)) | (C) | 6,566,488 | / | 7,001,664 | / | ||||||||||||||
| Additional Tier 1 capital: instruments |
(3) | |||||||||||||||||||
| 30 31a | Directly issued qualifying additional Tier 1 instruments plus related stock surplus of which: classified as equity under applicable accounting standards and the breakdown |
— | / | — | / | |||||||||||||||
| 30 31b | Subscription rights to additional Tier 1 instruments | — | / | — | / | |||||||||||||||
| 30 32 | Directly issued qualifying additional Tier 1 instruments plus related stock surplus of which: classified as liabilities under applicable accounting standards |
300,000 | / | 760,000 | / | |||||||||||||||
| 30 | Qualifying additional Tier 1 instruments plus related stock surplus issued by special purpose vehicles and other equivalent entities |
— | / | — | / | |||||||||||||||
| 34-35 | Additional Tier 1 instruments issued by subsidiaries and held by third parties (amount allowed in group AT1) |
30,843 | / | 31,786 | / | |||||||||||||||
| 33+35 | Eligible Tier 1 capital instruments subject to phase-out arrangements included in additional Tier 1 capital: instruments |
1,144,037 | / | 577,500 | / | |||||||||||||||
| 33 | of which: directly issued capital instruments subject to phase out from additional Tier 1 |
1,144,037 | / | 577,500 | / | |||||||||||||||
| 35 | of which: instruments issued by subsidiaries subject to phase out |
— | / | — | / | |||||||||||||||
| Total of items included in additional Tier 1 capital: instruments subject to phase-out arrangements |
(21,475 | ) | / | (13,931 | ) | / | ||||||||||||||
| of which: foreign currency translation adjustments |
(21,475 | ) | / | (13,931 | ) | / | ||||||||||||||
| 36 | Additional Tier 1 capital: instruments | (D) | 1,453,405 | / | 1,355,354 | / | ||||||||||||||
| Additional Tier 1 capital: regulatory adjustments |
||||||||||||||||||||
| 37 | Investments in own additional Tier 1 instruments | — | — | — | — | |||||||||||||||
| 38 | Reciprocal cross-holdings in additional Tier 1 instruments | — | — | — | — | |||||||||||||||
10
| 39 | Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued common share capital of the entity (amount above 10% threshold) |
17 | 11 | 38 | 9 | |||||||||||||||
| 40 | Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation (net of eligible short positions) |
88,606 | 59,071 | 117,600 | 29,400 | |||||||||||||||
| Total of items included in additional Tier 1 capital: regulatory adjustments subject to phase-out arrangements |
26,176 | / | 27,858 | / | ||||||||||||||||
| of which: goodwill equivalent |
9,376 | / | 14,954 | / | ||||||||||||||||
| of which: intangible fixed assets recognized as a result of a merger |
10,750 | / | 11,717 | / | ||||||||||||||||
| of which: capital increase due to securitization transactions |
35 | / | 13 | / | ||||||||||||||||
| of which: 50% of excess of expected losses relative to eligible reserves by banks adopting internal ratings-based approach |
6,013 | / | 1,172 | / | ||||||||||||||||
| 42 | Regulatory adjustments applied to additional Tier 1 due to insufficient Tier 2 to cover deductions |
— | / | — | / | |||||||||||||||
| 43 | Additional Tier 1 capital: regulatory adjustments | (E) | 114,800 | / | 145,496 | / | ||||||||||||||
| Additional Tier 1 capital (AT1) |
||||||||||||||||||||
| 44 | Additional Tier 1 capital ((D)-(E)) | (F) | 1,338,605 | / | 1,209,858 | / | ||||||||||||||
| Tier 1 capital (T1 = CET1 + AT1) |
||||||||||||||||||||
| 45 | Tier 1 capital (T1 = CET1 + AT1) ((C)+(F)) | (G) | 7,905,093 | / | 8,211,522 | / | ||||||||||||||
| Tier 2 capital: instruments and provisions |
(4) | |||||||||||||||||||
| 46 | Directly issued qualifying Tier 2 instruments plus related stock surplus of which: classified as equity under applicable accounting standards and the breakdown |
— | / | — | / | |||||||||||||||
| 46 | Subscription rights to Tier 2 instruments | — | / | — | / | |||||||||||||||
| 46 | Directly issued qualifying Tier 2 instruments plus related stock surplus of which: classified as liabilities under applicable accounting standards |
324,517 | / | 684,150 | / | |||||||||||||||
| 46 | Tier 2 instruments plus related stock surplus issued by special purpose vehicles and other equivalent entities |
169,035 | / | 168,300 | / | |||||||||||||||
| 48-49 | Tier 2 instruments issued by subsidiaries and held by third parties (amount allowed in group Tier 2) |
10,269 | / | 10,574 | / | |||||||||||||||
| 47+49 | Eligible Tier 2 capital instruments subject to phase-out arrangements included in Tier 2: instruments and provisions |
962,928 | / | 842,133 | / | |||||||||||||||
| 47 | of which: directly issued capital instruments subject to phase out from Tier 2 |
169,035 | / | 168,022 | / | |||||||||||||||
| 49 | of which: instruments issued by subsidiaries subject to phase out |
793,893 | / | 674,110 | / | |||||||||||||||
| 50 | Total of general allowance for loan losses and eligible provisions included in Tier 2 |
6,031 | / | 6,510 | / | |||||||||||||||
| 50a | of which: general allowance for loan losses |
6,031 | / | 6,510 | / | |||||||||||||||
| 50b | of which: eligible provisions |
— | / | — | / | |||||||||||||||
| Total of items included in Tier 2 capital: instruments and provisions subject to phase-out arrangements |
374,012 | / | 180,319 | / | ||||||||||||||||
| of which: 45% of unrealized gains on other securities |
335,046 | / | 161,221 | / | ||||||||||||||||
| of which: 45% of revaluation reserve for land |
38,965 | / | 19,097 | / | ||||||||||||||||
| 51 | Tier 2 capital: instruments and provisions | (H) | 1,846,795 | / | 1,891,987 | / | ||||||||||||||
11
| Tier 2 capital: regulatory adjustments |
||||||||||||||||||||
| 52 | Investments in own Tier 2 instruments | — | — | 409 | 102 | |||||||||||||||
| 53 | Reciprocal cross-holdings in Tier 2 instruments | — | — | — | — | |||||||||||||||
| 54 | Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued common share capital of the entity (amount above the 10% threshold) |
33,374 | 22,249 | 16,413 | 4,103 | |||||||||||||||
| 55 | Significant investments in the capital banking, financial and insurance entities that are outside the scope of regulatory consolidation (net of eligible short positions) |
— | — | — | — | |||||||||||||||
| Total of items included in Tier 2 capital: regulatory adjustments subject to phase-out arrangements |
79,873 | / | 35,732 | / | ||||||||||||||||
| of which: investments in the capital banking, financial and insurance entities |
73,859 | / | 34,559 | / | ||||||||||||||||
| of which: 50% of excess of expected losses relative to eligible reserves by banks adopting internal ratings-based approach |
6,013 | / | 1,172 | / | ||||||||||||||||
| 57 | Tier 2 capital: regulatory adjustments | (I) | 113,248 | / | 52,555 | / | ||||||||||||||
| Tier 2 capital (T2) |
||||||||||||||||||||
| 58 | Tier 2 capital (T2) ((H)-(I)) | (J) | 1,733,547 | / | 1,839,431 | / | ||||||||||||||
| Total capital (TC = T1 + T2) |
||||||||||||||||||||
| 59 | Total capital (TC = T1 + T2) ((G)+(J)) | (K) | 9,638,641 | / | 10,050,953 | / | ||||||||||||||
| Risk weighted assets |
(5) | |||||||||||||||||||
| Total of items included in risk weighted assets subject to phase-out arrangements |
480,460 | / | 260,992 | / | ||||||||||||||||
| of which: intangible assets (net of related tax liability, excluding those relating to mortgage servicing rights) |
206,661 | / | 123,310 | / | ||||||||||||||||
| of which: deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) |
4,409 | / | 9,150 | / | ||||||||||||||||
| of which: net defined benefit asset |
179,600 | / | 110,789 | / | ||||||||||||||||
| of which: investments in the capital banking, financial and insurance entities |
89,788 | / | 17,742 | / | ||||||||||||||||
| 60 | Risk weighted assets | (L) | 62,531,174 | / | 61,717,158 | / | ||||||||||||||
| Capital ratio (consolidated) |
||||||||||||||||||||
| 61 | Common equity Tier 1 capital ratio (consolidated) ((C)/(L)) |
10.50 | % | / | 11.34 | % | / | |||||||||||||
| 62 | Tier 1 capital ratio (consolidated) ((G)/(L)) | 12.64 | % | / | 13.30 | % | / | |||||||||||||
| 63 | Total capital ratio (consolidated) ((K)/(L)) | 15.41 | % | / | 16.28 | % | / | |||||||||||||
| Regulatory adjustments |
(6) | |||||||||||||||||||
| 72 | Non-significant investments in the capital of other financials that are below the thresholds for deduction (before risk weighting) |
672,811 | / | 703,872 | / | |||||||||||||||
| 73 | Significant investments in the common stock of financials that are below the thresholds for deduction (before risk weighting) |
112,376 | / | 118,358 | / | |||||||||||||||
| 74 | Mortgage servicing rights that are below the thresholds for deduction (before risk weighting) |
— | / | — | / | |||||||||||||||
| 75 | Deferred tax assets arising from temporary differences that are below the thresholds for deduction (before risk weighting) |
75,828 | / | 182,672 | / | |||||||||||||||
| Provisions included in Tier 2 capital: instruments and provisions |
(7) | |||||||||||||||||||
12
| 76 | Provisions (general allowance for loan losses) | 6,031 | / | 6,510 | / | |||||||||||||||
| 77 | Cap on inclusion of provisions (general allowance for loan losses) |
47,342 | / | 46,343 | / | |||||||||||||||
| 78 | Provisions eligible for inclusion in Tier 2 in respect of exposures subject to internal ratings-based approach (prior to application of cap) (if the amount is negative, report as “nil”) |
— | / | — | / | |||||||||||||||
| 79 | Cap for inclusion of provisions in Tier 2 under internal ratings-based approach |
304,580 | / | 299,309 | / | |||||||||||||||
| Capital instruments subject to phase-out arrangements |
(8) | |||||||||||||||||||
| 82 | Current cap on AT1 instruments subject to phase-out arrangements |
1,249,883 | / | 1,041,569 | / | |||||||||||||||
| 83 | Amount excluded from AT1 due to cap (excess over cap after redemptions and maturities) (if the amount is negative, report as “nil”) |
— | / | — | / | |||||||||||||||
| 84 | Current cap on T2 instruments subject to phase-out arrangements |
1,012,236 | / | 843,530 | / | |||||||||||||||
| 85 | Amount excluded from T2 due to cap (excess over cap after redemptions and maturities) (if the amount is negative, report as “nil”) |
— | / | — | / | |||||||||||||||
| Notes: | ||
| 1. | The above figures are calculated based on International standard applied on a consolidated basis under the FSA Notice No. 20. | |
| 2. | In calculating the consolidated capital adequacy ratio, we underwent an examination following the procedures agreed with Ernst & Young ShinNihon LLC, on the basis of “Treatment in implementing examination by agreed-upon procedures for calculating capital adequacy ratio” (Industry Committee Practical Guideline No. 30 of the Japanese Institute of Certified Public Accountants). Note that this is not a part of the accounting audit performed on our consolidated financial statements. This consists of an examination under agreed-upon procedures performed by Ernst & Young ShinNihon LLC on a portion of the internal control structure concerning the calculation of the capital adequacy ratio and a report of the results to us. As such, they do not represent an opinion regarding the capital adequacy ratio itself nor the internal controls related to the calculation of the capital adequacy ratio. | |
13
(B) Explanation of (A) Composition of capital disclosure
Reconciliation between “Consolidated balance sheet” and items of consolidated balance sheet and “Composition of capital disclosure”
| (Millions of yen) | ||||||||||||
| Items |
Consolidated balance sheet as in published financial statements |
Cross- reference to |
Reference # of Basel III | |||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||||||
| (Assets) |
||||||||||||
| Cash and due from banks |
36,315,471 | 47,129,583 | ||||||||||
| Call loans and bills purchased |
893,545 | 1,035,746 | ||||||||||
| Receivables under resale agreements |
7,805,798 | 8,967,777 | ||||||||||
| Guarantee deposits paid under securities borrowing transactions |
3,407,390 | 3,350,051 | ||||||||||
| Other debt purchased |
2,979,797 | 2,745,204 | ||||||||||
| Trading assets |
13,004,522 | 10,361,787 | 6-a | |||||||||
| Money held in trust |
175,638 | 247,583 | ||||||||||
| Securities |
39,505,971 | 32,353,158 | 2-b, 6-b | |||||||||
| Loans and bills discounted |
73,708,884 | 78,337,793 | 6-c | |||||||||
| Foreign exchange assets |
1,447,743 | 1,828,782 | ||||||||||
| Derivatives other than for trading assets |
3,157,752 | 2,170,750 | 6-d | |||||||||
| Other assets |
4,144,131 | 4,180,339 | 6-e | |||||||||
| Tangible fixed assets |
1,085,791 | 1,136,329 | ||||||||||
| Intangible fixed assets |
804,567 | 1,045,486 | 2-a | |||||||||
| Net defined benefit asset |
646,428 | 797,762 | 3 | |||||||||
| Deferred tax assets |
36,517 | 56,066 | 4-a | |||||||||
| Customers’ liabilities for acceptances and guarantees |
4,798,158 | 5,273,581 | ||||||||||
| Reserves for possible losses on loans |
(459,531 | ) | (509,175 | ) | ||||||||
|
|
|
|
|
|||||||||
| Total assets |
193,458,580 | 200,508,610 | ||||||||||
|
|
|
|
|
|||||||||
| (Liabilities) |
||||||||||||
| Deposits |
105,629,071 | 120,045,217 | ||||||||||
| Negotiable certificates of deposit |
11,827,533 | 10,631,277 | ||||||||||
| Call money and bills sold |
2,521,008 | 1,255,172 | ||||||||||
| Payables under repurchase agreements |
16,833,346 | 17,969,753 | ||||||||||
| Guarantee deposits received under securities lending transactions |
2,608,971 | 1,679,300 | ||||||||||
| Commercial paper |
1,010,139 | 789,705 | ||||||||||
| Trading liabilities |
10,276,133 | 7,923,285 | 6-f | |||||||||
| Borrowed money |
7,503,543 | 6,307,230 | 8-a | |||||||||
| Foreign exchange liabilities |
492,473 | 526,053 | ||||||||||
| Short-term bonds |
648,381 | 226,348 | ||||||||||
| Bonds and notes |
6,120,928 | 7,564,535 | 8-b | |||||||||
| Due to trust accounts |
5,067,490 | 4,784,077 | ||||||||||
| Derivatives other than for trading liabilities |
2,571,597 | 1,784,857 | 6-g | |||||||||
| Other liabilities |
5,532,596 | 3,883,168 | ||||||||||
| Reserve for bonus payments |
62,171 | 67,633 | ||||||||||
| Reserve for variable compensation |
2,836 | 3,018 | ||||||||||
| Net defined benefit liability |
51,514 | 55,236 | ||||||||||
| Reserve for director and corporate auditor retirement benefits |
1,685 | 1,327 | ||||||||||
| Reserve for possible losses on sales of loans |
267 | 298 | ||||||||||
| Reserve for contingencies |
5,271 | 5,680 | ||||||||||
| Reserve for reimbursement of deposits |
16,154 | 19,072 | ||||||||||
| Reserve for reimbursement of debentures |
39,245 | 32,720 | ||||||||||
| Reserves under special laws |
2,024 | 2,309 | ||||||||||
| Deferred tax liabilities |
414,799 | 337,800 | 4-b | |||||||||
| Deferred tax liabilities for revaluation reserve for land |
67,991 | 66,585 | 4-c | |||||||||
| Acceptances and guarantees |
4,798,158 | 5,273,581 | ||||||||||
|
|
|
|
|
|||||||||
| Total liabilities |
184,105,335 | 191,235,249 | ||||||||||
|
|
|
|
|
|||||||||
14
|
(Net assets) |
||||||||||||
| Common stock and preferred stock |
2,255,790 | 2,256,275 | 1-a | |||||||||
| Capital surplus |
1,110,164 | 1,134,416 | 1-b | |||||||||
| Retained earnings |
3,197,616 | 3,615,449 | 1-c | |||||||||
| Treasury stock |
(3,609 | ) | (4,849 | ) | 1-d | |||||||
|
|
|
|
|
|||||||||
| Total shareholders’ equity |
6,559,962 | 7,001,291 | ||||||||||
|
|
|
|
|
|||||||||
| Net unrealized gains (losses) on other securities |
1,296,039 | 1,289,985 | ||||||||||
| Deferred gains or losses on hedges |
165,264 | 10,172 | 5 | |||||||||
| Revaluation reserve for land |
148,483 | 145,609 | ||||||||||
| Foreign currency translation adjustments |
(53,689 | ) | (69,657 | ) | ||||||||
| Remeasurements of defined benefit plans |
51,752 | 144,866 | ||||||||||
|
|
|
|
|
|||||||||
| Total accumulated other comprehensive income |
1,607,851 | 1,520,976 | 3 | |||||||||
|
|
|
|
|
|||||||||
| Stock acquisition rights |
2,762 | 1,754 | 1b | |||||||||
| Non-controlling interests |
1,182,668 | 749,339 | 7 | |||||||||
|
|
|
|
|
|||||||||
| Total net assets |
9,353,244 | 9,273,361 | ||||||||||
|
|
|
|
|
|||||||||
| Total liabilities and net assets |
193,458,580 | 200,508,610 | ||||||||||
|
|
|
|
|
|||||||||
Note:
The regulatory scope of consolidation is the same as the accounting scope of consolidation.
15
Appended template
1. Shareholders’ equity
(1) Consolidated balance sheet
| (Millions of yen) | ||||||||||||
| Ref. |
Consolidated balance sheet items |
As of March 31, 2016 | As of March 31, 2017 | Remarks | ||||||||
| 1-a |
Common stock and preferred stock | 2,255,790 | 2,256,275 | Including eligible Tier 1 capital instruments subject to phase-out arrangements (for the balance as of March 31, 2016) | ||||||||
| 1-b |
Capital surplus | 1,110,164 | 1,134,416 | Including eligible Tier 1 capital instruments subject to phase-out arrangements (for the balance as of March 31, 2016) | ||||||||
| 1-c |
Retained earnings | 3,197,616 | 3,615,449 | |||||||||
| 1-d |
Treasury stock | (3,609 | ) | (4,849 | ) | |||||||
| Total shareholders’ equity | 6,559,962 | 7,001,291 | ||||||||||
| (2) Composition of capital |
||||||||||||
| Basel III |
(Millions of yen) | |||||||||||
| Composition of capital disclosure |
As of March 31, 2016 | As of March 31, 2017 | Remarks | |||||||||
| Directly issued qualifying common share capital plus related stock surplus and retained earnings |
6,460,330 | 7,000,683 | Shareholders’ equity attributable to common shares (before adjusting national specific regulatory adjustments (earnings to be distributed)) | |||||||||
| 1a |
of which: capital and stock surplus |
3,267,031 | 3,390,691 | |||||||||
| 2 |
of which: retained earnings |
3,196,908 | 3,614,841 | |||||||||
| 1c |
of which: treasury stock (-) |
3,609 | 4,849 | |||||||||
| of which: other than above |
— | — | ||||||||||
| 31a |
Directly issued qualifying additional Tier 1 instruments plus related stock surplus of which: classified as equity under applicable accounting standards and the breakdown |
— | — | Shareholders’ equity attributable to preferred shares with a loss absorbency clause upon entering into effectively bankruptcy | ||||||||
| 2. Intangible fixed assets |
||||||||||||
| (1) Consolidated balance sheet |
||||||||||||
| (Millions of yen) | ||||||||||||
| Ref. |
Consolidated balance sheet items |
As of March 31, 2016 | As of March 31, 2017 | Remarks | ||||||||
| 2-a |
Intangible fixed assets | 804,567 | 1,045,486 | |||||||||
| 2-b |
Securities | 39,505,971 | 32,353,158 | |||||||||
| of which: share of goodwill of companies accounted for using the equity method |
35,646 | 24,846 | Share of goodwill of companies accounted for using the equity method | |||||||||
| Income taxes related to above | (237,595 | ) | (295,574 | ) | ||||||||
16
| (2) Composition of capital |
||||||||||||
| Basel III |
(Millions of yen) |
|||||||||||
| Composition of capital disclosure |
As of March 31, 2016 |
As of March 31, 2017 |
Remarks | |||||||||
| 8 | Goodwill (net of related tax liability, including those equivalent) |
59,087 | 99,619 | |||||||||
| 9 | Other intangibles other than goodwill and mortgage servicing rights (net of related tax liability) |
543,531 | 675,139 | Software and other | ||||||||
| Mortgage servicing rights (net of related tax liability) |
— | — | ||||||||||
| 20 | Amount exceeding the 10% threshold on specified items |
— | — | |||||||||
| 24 | Amount exceeding the 15% threshold on specified items |
— | — | |||||||||
| 74 | Mortgage servicing rights that are below the thresholds for deduction (before risk weighting) |
— | — | |||||||||
| 3. Net defined benefit asset |
||||||||||||
|
(1) Consolidated balance sheet
|
||||||||||||
| (Millions of yen) |
||||||||||||
| Ref. |
Consolidated balance sheet items |
As of March 31, 2016 |
As of March 31, 2017 |
Remarks | ||||||||
| 3 |
Net defined benefit asset |
646,428 | 797,762 | |||||||||
| Income taxes related to above |
(197,428 | ) | (243,814 | ) | ||||||||
|
(2) Composition of capital
|
||||||||||||
|
Basel III |
Composition of capital disclosure |
(Millions of yen) |
Remarks | |||||||||
| As of March 31, 2016 |
As of March 31, 2017 |
|||||||||||
| 15 | Net defined benefit asset |
449,000 | 553,947 | |||||||||
|
4. Deferred tax assets
|
||||||||||||
| (1) Consolidated balance sheet
|
||||||||||||
| (Millions of yen) |
||||||||||||
| Ref. |
Consolidated balance sheet items |
As of March 31, 2016 |
As of March 31, 2017 |
Remarks | ||||||||
| 4-a | Deferred tax assets |
36,517 | 56,066 | |||||||||
| 4-b | Deferred tax liabilities |
414,799 | 337,800 | |||||||||
| 4-c | Deferred tax liabilities for revaluation reserve for land |
67,991 | 66,585 | |||||||||
| Tax effects on intangible fixed assets |
237,595 | 295,574 | ||||||||||
| Tax effects on net defined benefit asset |
197,428 | 243,814 | ||||||||||
17
| (2) Composition of capital
|
||||||||||||
| Composition of capital disclosure |
(Millions of yen) |
Remarks | ||||||||||
| Basel III |
As of March 31, 2016 | As of March 31, 2017 | ||||||||||
| 10 | Deferred tax assets that rely on future profitability excluding those arising from temporary differences (net of related tax liability) |
11,024 | 45,751 | This item does not agree with the amount reported on the consolidated balance sheet due to offsetting of assets and liabilities. | ||||||||
| Deferred tax assets that rely on future profitability arising from temporary differences (net of related tax liability) |
75,828 | 182,672 | This item does not agree with the amount reported on the consolidated balance sheet due to offsetting of assets and liabilities. | |||||||||
| 21 | Amount exceeding the 10% threshold on specified items |
— | — | |||||||||
| 25 | Amount exceeding the 15% threshold on specified items |
— | — | |||||||||
| 75 | Deferred tax assets arising from temporary differences that are below the thresholds for deduction (before risk weighting) |
75,828 | 182,672 | |||||||||
|
5. Deferred gains or losses on derivatives under hedge accounting
|
|
|||||||||||
| (1) Consolidated balance sheet
|
||||||||||||
| (Millions of yen) | ||||||||||||
| Ref. |
Consolidated balance sheet items |
As of March 31, 2016 | As of March 31, 2017 | Remarks | ||||||||
| 5 | Deferred gains or losses on hedges |
165,264 | 10,172 | |||||||||
|
(2) Composition of capital
|
||||||||||||
| Composition of capital disclosure |
(Millions of yen) |
Remarks | ||||||||||
| Basel III |
As of March 31, 2016 | As of March 31, 2017 | ||||||||||
| 11 | Deferred gains or losses on derivatives under hedge accounting |
165,264 | 10,172 | |||||||||
| 6. Items associated with investments in the capital of financial institutions
|
|
|||||||||||
| (1) Consolidated balance sheet
|
||||||||||||
| (Millions of yen) | ||||||||||||
| Ref. |
Consolidated balance sheet items |
As of March 31, 2016 | As of March 31, 2017 | Remarks | ||||||||
| 6-a |
Trading assets | 13,004,522 | 10,361,787 | Including trading account securities and derivatives for trading assets | ||||||||
| 6-b |
Securities |
39,505,971 | 32,353,158 | |||||||||
| 6-c |
Loans and bills discounted |
73,708,884 | 78,337,793 | Including subordinated loans | ||||||||
| 6-d |
Derivatives other than for trading assets |
3,157,752 | 2,170,750 | |||||||||
| 6-e |
Other assets |
4,144,131 | 4,180,339 | Including money invested | ||||||||
| 6-f |
Trading liabilities | 10,276,133 | 7,923,285 | Including trading account securities sold | ||||||||
| 6-g |
Derivatives other than for trading liabilities |
2,571,597 | 1,784,857 | |||||||||
18
|
(2) Composition of capital
|
||||||||||||
| (Millions of yen) | ||||||||||||
| Basel III |
Composition of capital disclosure |
As of March 31, 2016 | As of March 31, 2017 | Remarks | ||||||||
| Investments in own capital instruments |
2,231 | 7,353 | ||||||||||
| 16 |
Common equity Tier 1 capital |
2,231 | 6,842 | |||||||||
| 37 |
Additional Tier 1 capital |
— | — | |||||||||
| 52 |
Tier 2 capital |
— | 511 | |||||||||
| Reciprocal cross-holdings in the capital of banking, financial and insurance entities |
— | — | ||||||||||
| 17 |
Common equity Tier 1 capital |
— | — | |||||||||
| 38 |
Additional Tier 1 capital |
— | — | |||||||||
| 53 |
Tier 2 capital |
— | — | |||||||||
| Investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions, where the bank does not own more than 10% of the issued share capital (amount above 10% threshold) |
821,973 | 770,182 | ||||||||||
| 18 |
Common equity Tier 1 capital |
93,508 | 45,743 | |||||||||
| 39 |
Additional Tier 1 capital |
28 | 48 | |||||||||
| 54 |
Tier 2 capital |
55,624 | 20,517 | |||||||||
| 72 |
Non-significant investments in the capital of other financials that are below the thresholds for deduction (before risk weighting) |
672,811 | 703,872 | |||||||||
| Significant investments in the capital of banking, financial and insurance entities that are outside the scope of regulatory consolidation, net of eligible short positions |
260,053 | 265,358 | ||||||||||
| 19 |
Amount exceeding the 10% threshold on specified items |
— | — | |||||||||
| 23 |
Amount exceeding the 15% threshold on specified items |
— | — | |||||||||
| 40 |
Additional Tier 1 capital |
147,677 | 147,000 | |||||||||
| 55 |
Tier 2 capital |
— | — | |||||||||
| 73 |
Significant investments in the common stock of financials that are below the thresholds for deduction (before risk weighting) |
112,376 | 118,358 | |||||||||
|
7. Non-controlling interests
|
||||||||||||
| (1) Consolidated balance sheet
|
||||||||||||
| (Millions of yen) | ||||||||||||
| Ref. |
Consolidated balance sheet items |
As of March 31, 2016 | As of March 31, 2017 | Remarks | ||||||||
| 7 |
Non-controlling interests |
1,182,668 | 749,339 | |||||||||
19
| (2) Composition of capital
|
||||||||||||
| Basel III |
(Millions of yen) | |||||||||||
| Composition of capital disclosure |
As of March 31, 2016 | As of March 31, 2017 | Remarks | |||||||||
| 5 |
Common share capital issued by subsidiaries and held by third parties (amount allowed in group CET1) |
14,749 | 14,537 | After reflecting amounts eligible for inclusion (non-controlling interest after adjustments) | ||||||||
| 30- 31ab-32 |
Qualifying additional Tier 1 instruments plus related stock surplus issued by special purpose vehicles and other equivalent entities |
— | — | After reflecting amounts eligible for inclusion (non-controlling interest after adjustments) | ||||||||
| 34-35 |
Additional Tier 1 instruments issued by subsidiaries and held by third parties (amount allowed in group AT1) |
30,843 | 31,786 | After reflecting amounts eligible for inclusion (non-controlling interest after adjustments) | ||||||||
| 46 |
Tier 2 instruments plus related stock surplus issued by special purpose vehicles and other equivalent entities |
169,035 | 168,300 | After reflecting amounts eligible for inclusion (non-controlling interest after adjustments) | ||||||||
| 48-49 |
Tier 2 instruments issued by subsidiaries and held by third parties (amount allowed in group Tier 2) |
10,269 | 10,574 | After reflecting amounts eligible for inclusion (non-controlling interest after adjustments) | ||||||||
|
8. Other capital instruments
|
||||||||||||
| (1) Consolidated balance sheet | ||||||||||||
| (Millions of yen) | ||||||||||||
| Ref. |
Consolidated balance sheet items |
As of March 31, 2016 | As of March 31, 2017 | Remarks | ||||||||
| 8-a |
Borrowed money | 7,503,543 | 6,307,230 | |||||||||
| 8-b |
Bonds and notes | 6,120,928 | 7,564,535 | |||||||||
| Total |
13,624,471 | 13,871,765 | ||||||||||
|
(2) Composition of capital
|
||||||||||||
| Basel III |
(Millions of yen) | |||||||||||
| Composition of capital disclosure |
As of March 31, 2016 | As of March 31, 2017 | Remarks | |||||||||
| 32 |
Directly issued qualifying additional Tier 1 instruments plus related stock surplus of which: classified as liabilities under applicable accounting standards |
300,000 | 760,000 | |||||||||
| 46 |
Directly issued qualifying Tier 2 instruments plus related stock surplus of which: classified as liabilities under applicable accounting standards |
324,517 | 684,150 | |||||||||
| Note: |
||
| Amounts in the “Composition of capital disclosure” are based on those before considering amounts under transitional arrangements and include “Amounts excluded under transitional arrangements” disclosed in “(A) Composition of capital disclosure” as well as amounts included as regulatory capital. In addition, items for regulatory purposes under transitional arrangements are excluded from this table. | ||
20
(3) Summary of approach to assessing capital adequacy
In order to ensure that risk-based capital is sufficiently maintained in light of the risk held by us, we regularly conduct the following assessment of capital adequacy in addition to adopting a suitable and effective capital adequacy monitoring structure.
Maintaining a sufficient BIS capital ratio
We confirm our maintenance of a high level of financial soundness by conducting regular evaluations to examine whether our risk-based capital is adequate in qualitative as well as quantitative terms, in light of our business plans and strategic targets to match the increase in risk-weighted assets acquired for growth, in addition to maintaining our capital above the minimum requirements of common equity Tier 1 capital ratio, Tier 1 capital ratio, total capital ratio and capital buffer ratio.
Balancing risk and capital
On the basis of the framework for allocating risk capital, after obtaining the clearest possible grasp of the group’s overall risk exposure, we endeavor to control risk so as to keep it within the range of our business capacity by means of allocating capital that corresponds to the amount of risk to the principal banking subsidiaries, etc., within the bounds of our capital, and we conduct regular assessments to ensure that a sufficient level of capital is maintained for our risk profile. When making these assessments, we calculate the potential losses arising from assumed stress events and risk volumes, which we assess whether they balance with the group’s capital. Stress events are based on risk scenarios that are formulated based on the current economic condition and the economic outlook, etc. and from scenarios such as the occurrence of historical stress events. In addition, we examine whether an appropriate return on risk is maintained in the assessments.
21
(4) Required capital by portfolio classification
| (Billions of yen) | ||||||||||||||||
| As of March 31, 2016 | As of March 31, 2017 | |||||||||||||||
| EAD | Required capital | EAD | Required capital | |||||||||||||
| Credit risk |
200,940.9 | 5,234.5 | 207,375.9 | 5,078.5 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Internal ratings-based approach |
190,100.2 | 4,701.2 | 189,852.0 | 4,600.4 | ||||||||||||
| Corporate (except specialized lending) |
70,940.2 | 2,502.9 | 71,777.8 | 2,468.9 | ||||||||||||
| Corporate (specialized lending) |
3,818.1 | 270.3 | 3,630.9 | 225.4 | ||||||||||||
| Sovereign |
79,624.1 | 102.0 | 80,002.7 | 81.0 | ||||||||||||
| Bank |
6,893.6 | 150.2 | 5,902.0 | 113.6 | ||||||||||||
| Retail |
12,942.5 | 514.4 | 12,235.5 | 486.3 | ||||||||||||
| Residential mortgage |
9,855.1 | 324.7 | 9,388.0 | 312.2 | ||||||||||||
| Qualifying revolving loan |
562.9 | 42.6 | 629.2 | 48.8 | ||||||||||||
| Other retail |
2,524.5 | 147.0 | 2,218.2 | 125.1 | ||||||||||||
| Equities |
4,460.7 | 587.7 | 4,973.3 | 691.4 | ||||||||||||
| PD/LGD approach |
3,901.2 | 441.9 | 4,180.1 | 485.4 | ||||||||||||
| Market-based approach (simple risk weight method) |
559.4 | 145.7 | 793.1 | 205.9 | ||||||||||||
| Market-based approach (internal models approach) |
— | — | — | — | ||||||||||||
| Regarded-method exposure |
1,750.8 | 311.6 | 1,744.0 | 268.4 | ||||||||||||
| Purchase receivables |
3,669.1 | 116.7 | 3,297.5 | 102.5 | ||||||||||||
| Securitizations |
3,803.3 | 23.2 | 4,009.5 | 26.3 | ||||||||||||
| Others |
2,197.4 | 121.6 | 2,278.3 | 136.3 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Standardized approach |
10,840.7 | 290.2 | 17,523.9 | 280.6 | ||||||||||||
| Sovereign |
5,748.0 | 8.3 | 12,638.5 | 12.2 | ||||||||||||
| Bank |
2,035.8 | 37.1 | 1,930.1 | 36.7 | ||||||||||||
| Corporate |
2,392.7 | 181.8 | 2,354.5 | 177.3 | ||||||||||||
| Residential mortgage |
— | — | — | — | ||||||||||||
| Securitizations |
20.7 | 5.3 | 14.4 | 2.1 | ||||||||||||
| Others |
643.2 | 57.5 | 586.1 | 52.0 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| CVA risk |
n.a. | 225.8 | n.a. | 181.7 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Central counterparty-related |
n.a. | 17.1 | n.a. | 15.6 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Market risk |
n.a. | 135.6 | n.a. | 182.6 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Standardized approach |
n.a. | 70.6 | n.a. | 103.6 | ||||||||||||
| Interest rate risk |
n.a. | 37.6 | n.a. | 39.0 | ||||||||||||
| Equities risk |
n.a. | 23.9 | n.a. | 34.2 | ||||||||||||
| Foreign exchange risk |
n.a. | 4.8 | n.a. | 6.9 | ||||||||||||
| Commodities risk |
n.a. | 4.1 | n.a. | 23.4 | ||||||||||||
| Option transactions |
n.a. | — | n.a. | — | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Internal models approach |
n.a. | 65.0 | n.a. | 78.9 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Operational risk |
n.a. | 259.7 | n.a. | 269.9 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Advanced measurement approach |
n.a. | 221.0 | n.a. | 223.4 | ||||||||||||
| Basic indicator approach |
n.a. | 38.6 | n.a. | 46.5 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
| Total required capital (consolidated) |
n.a. | 5,002.4 | n.a. | 4,937.3 | ||||||||||||
|
|
|
|
|
|
|
|
|
|||||||||
22
| Notes: |
||
| 1. |
EAD: Exposure at default. | |
| 2. |
PD: Probability of default. | |
| 3. |
LGD: Loss given default. | |
| 4. |
Required capital: For credit risk, the sum of (i) 8% of credit risk-weighted assets and (ii) expected losses. For market risk, the market risk equivalent amount. For operational risk, the operational risk equivalent amount. | |
| 5. |
Total required capital (consolidated): 8% of the denominator of the capital adequacy ratio. | |
| 6. |
The major exposures included in each portfolio classification of internal ratings-based approach are as follows: | |
| Corporate (excluding specialized lending) | Credits to corporations and sole proprietors (excluding credits to retail customers) | |
| Corporate (specialized lending) | Credits which limit interest and principal repayment sources to cash flow derived from specific real estate, chattel, businesses, etc, including real estate non-recourse loan, ship finance and project finance, etc. | |
| Sovereign | Credits to central governments, central banks and local governmental entities | |
| Bank | Credits to banks and securities companies, etc. | |
| Retail | Housing loans (residential mortgage), credit card loans (qualifying revolving retail loan) and other individual consumer loans and loans to business enterprises with total credit amount of less than ¥100 million, etc. (other retail). | |
| Equities | Capital stock, preferred securities, perpetual subordinated debt, etc. (excluding trading assets) | |
| Regarded-method exposure | Investment trusts and funds, etc. | |
| Purchase receivables | Receivables purchased from third parties excluding securities (excluding securitizations) | |
| Securitizations | Transactions in the form of “non-recourse” and having a “senior/subordinated structure,” etc. (excluding specialized lending). | |
| 7. |
EAD calculated using the standardized approach for credit risk represents the amount before the deduction of specific reserve for possible losses on loans, reserve for possible losses on loans to restructuring countries and partial direct write-offs. | |
23
(5) Credit risk management
● Summary of credit risk management
See pages 80 to 81 for a summary of our credit risk management policies and procedures.
We apply the advanced internal ratings-based approach to calculate credit risk-weighted assets under Basel Framework. With regard to some business units or asset classes that are deemed to be immaterial for purposes of calculating credit risk-weighted assets, we apply the standardized approach.
We use our estimates of PD (probability of default) and LGD (loss given default) in calculating credit risk-weighted assets. In accordance with regulations, we estimate PD by using long-term averages of actual defaults, to which conservative adjustments are made, based on internal data, and make adjustments to LGD taking into account recessionary periods. We regularly perform verifications of PD and LGD through back testing and other methods. We also utilize these estimates for measuring credit risks for internal use, allocating risk capital and other purposes.
● Status of portfolios to which the standardized approach is applied
Eligible external credit assessment institutions used for determining the risk weight for portfolios to which the standardized approach is applied are Rating and Investment Information, Inc. (R&I) in Japan and Standard & Poor’s Ratings Services (S&P) overseas.
We apply a risk weight of 100% for all of our corporate exposure.
● Summary of our internal rating system
See pages 80 to 81 for a summary of our internal rating system and rating assignment procedures.
The following table sets forth information with respect to the definition of obligor ratings.
Obligor ratings
| Obligor ratings (major category) |
Definition of ratings | Classification | ||||||||||||||
| A1–A3 | Obligors whose certainty of debt fulfillment is very high, hence their level of credit risk is excellent. | Investment grade zone | ||||||||||||||
| B1–B2 | Obligors whose certainty of debt fulfillment poses no problems for the foreseeable future, hence their level of credit risk is sufficient. | |||||||||||||||
| C1–C3 | Obligors whose certainty of debt fulfillment and their level of credit risk pose no problems for the foreseeable future. | Non-investment grade zone | ||||||||||||||
| D1–D3 | Obligors whose current certainty of debt fulfillment poses no problems, however, their resistance to future changes in business environment is low. | |||||||||||||||
| E1 | Obligors who require close watching going forward because there are problems with their borrowing conditions, such as reduced or suspended interest payments, problems with fulfillment such as de facto postponements of principal or interest payments, or problems with their financial positions as a result of their poor or unstable business conditions. | |||||||||||||||
| E2 | ||||||||||||||||
| R | * | |||||||||||||||
| F1 | Obligors who are not yet bankrupt but are in financial difficulties and are deemed to be very likely to go bankrupt in the future because they are finding it difficult to make progress in implementing their management improvement plans (including obligors who are receiving ongoing support from financial institutions). | Default
| ||||||||||||||
| G1 | Obligors who have not yet gone legally or formally bankrupt but who are substantially bankrupt because they are in serious financial difficulties and are not deemed to be capable of restructuring. | |||||||||||||||
| H1 | Obligors who have already gone bankrupt, from both a legal and/or formal perspective. | |||||||||||||||
| * | Obligors who have loans in need of monitoring (restructured loans and loans past due for three months or more) out of the obligors who require close watching going forward |
24
(6) Credit risk exposure, etc.
We exclude regarded-method exposure and securitization exposure from the amount of credit risk exposure.
The outstanding balance is based on exposure at default.
No significant difference exists between period-end credit risk position and the average credit risk position during the fiscal years ended March 31, 2016 and 2017.
● Status of credit risk exposure
(A) Breakdown by geographical area
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2016 | ||||||||||||||||||||
| Loans, commitments and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Domestic |
68,500.9 | 25,391.7 | 1,489.6 | 30,971.8 | 126,354.1 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Overseas |
38,737.2 | 10,892.1 | 2,678.3 | 5,884.1 | 58,191.9 | |||||||||||||||
| Asia |
9,269.4 | 2,145.6 | 409.9 | 1,464.4 | 13,289.4 | |||||||||||||||
| Central and South America |
3,107.3 | 56.7 | 126.7 | 470.8 | 3,761.6 | |||||||||||||||
| North America |
15,529.0 | 6,470.6 | 711.6 | 3,190.3 | 25,901.7 | |||||||||||||||
| Eastern Europe |
374.0 | — | 0.2 | 3.1 | 377.5 | |||||||||||||||
| Western Europe |
6,792.6 | 1,826.5 | 1,199.2 | 497.4 | 10,315.9 | |||||||||||||||
| Other areas |
3,664.6 | 392.5 | 230.4 | 257.8 | 4,545.5 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
107,238.1 | 36,283.9 | 4,167.9 | 36,856.0 | 184,546.0 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Exempt portion |
n.a. | n.a. | n.a. | n.a. | 10,820.0 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2017 | ||||||||||||||||||||
| Loans, commitments and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Domestic |
68,581.7 | 19,414.3 | 954.6 | 38,424.0 | 127,374.7 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Overseas |
37,218.6 | 10,014.2 | 1,635.9 | 7,854.8 | 56,723.7 | |||||||||||||||
| Asia |
8,907.9 | 2,145.6 | 472.7 | 1,865.2 | 13,391.6 | |||||||||||||||
| Central and South America |
2,978.7 | 56.3 | 85.1 | 456.3 | 3,576.6 | |||||||||||||||
| North America |
14,644.8 | 6,304.6 | 339.6 | 4,420.9 | 25,710.0 | |||||||||||||||
| Eastern Europe |
289.1 | — | 0.2 | 4.6 | 294.0 | |||||||||||||||
| Western Europe |
6,597.0 | 882.1 | 581.5 | 722.7 | 8,783.4 | |||||||||||||||
| Other areas |
3,800.9 | 625.3 | 156.5 | 384.9 | 4,967.7 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
105,800.4 | 29,428.5 | 2,590.5 | 46,278.8 | 184,098.4 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Exempt portion |
n.a. | n.a. | n.a. | n.a. | 17,509.4 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Notes: |
||
| 1. |
Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve for possible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach for business units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets. | |
| 2. |
Exposure to non-Japanese residents is included in “Overseas.” | |
| 3. |
“Others” include cash, deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets, etc. | |
25
(B) Breakdown by industry
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2016 | ||||||||||||||||||||
| Loans, commitments and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Manufacturing |
19,955.7 | 2,212.9 | 569.1 | 638.8 | 23,376.7 | |||||||||||||||
| Construction |
1,498.5 | 201.1 | 12.5 | 47.4 | 1,759.7 | |||||||||||||||
| Real estate |
8,579.8 | 548.1 | 94.8 | 17.5 | 9,240.3 | |||||||||||||||
| Service industries |
5,018.6 | 381.3 | 85.4 | 65.8 | 5,551.2 | |||||||||||||||
| Wholesale and retail |
8,821.9 | 724.6 | 147.9 | 900.4 | 10,594.9 | |||||||||||||||
| Finance and insurance |
11,709.8 | 2,970.5 | 2,093.1 | 1,777.6 | 18,551.2 | |||||||||||||||
| Individuals |
11,634.5 | — | 0.6 | 10.1 | 11,645.3 | |||||||||||||||
| Other industries |
26,988.4 | 9,748.7 | 1,120.2 | 6,565.9 | 44,423.4 | |||||||||||||||
| Japanese Government; Bank of Japan |
13,030.5 | 19,496.4 | 43.8 | 26,832.1 | 59,402.9 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
107,238.1 | 36,283.9 | 4,167.9 | 36,856.0 | 184,546.0 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Exempt portion |
n.a. | n.a. | n.a. | n.a. | 10,820.0 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2017 | ||||||||||||||||||||
| Loans, commitments
and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Manufacturing |
20,272.4 | 2,299.9 | 424.1 | 742.9 | 23,739.5 | |||||||||||||||
| Construction |
1,349.2 | 215.0 | 7.6 | 70.6 | 1,642.4 | |||||||||||||||
| Real estate |
8,608.9 | 570.4 | 83.5 | 19.7 | 9,282.6 | |||||||||||||||
| Service industries |
5,018.6 | 397.7 | 77.4 | 68.0 | 5,561.9 | |||||||||||||||
| Wholesale and retail |
8,532.7 | 738.9 | 92.3 | 994.4 | 10,358.5 | |||||||||||||||
| Finance and insurance |
12,095.5 | 3,034.3 | 896.8 | 2,144.1 | 18,170.9 | |||||||||||||||
| Individuals |
11,071.5 | — | 0.8 | 9.4 | 11,081.8 | |||||||||||||||
| Other industries |
25,759.5 | 8,846.0 | 1,002.5 | 8,360.3 | 43,968.5 | |||||||||||||||
| Japanese Government; Bank of Japan |
13,091.8 | 13,325.9 | 5.1 | 33,868.8 | 60,291.8 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
105,800.4 | 29,428.5 | 2,590.5 | 46,278.8 | 184,098.4 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Exempt portion |
n.a. | n.a | n.a. | n.a | 17,509.4 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Notes: |
||
| 1. |
Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve for possible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach for business units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets. | |
| 2. |
“Others” include cash, deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets, etc. | |
26
(C) Breakdown by residual contractual maturity
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2016 | ||||||||||||||||||||
| Loans, commitments and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Less than one year |
27,076.9 | 5,849.6 | 775.3 | 4,940.8 | 38,642.8 | |||||||||||||||
| From one year to less than three years |
20,332.0 | 13,249.2 | 1,666.4 | 599.1 | 35,846.9 | |||||||||||||||
| From three years to less than five years |
18,855.2 | 4,964.2 | 667.4 | 16.0 | 24,502.9 | |||||||||||||||
| Five years or more |
28,091.6 | 7,803.3 | 1,043.8 | 11.8 | 36,950.7 | |||||||||||||||
| Other than above |
12,882.2 | 4,417.4 | 14.7 | 31,288.0 | 48,602.5 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
107,238.1 | 36,283.9 | 4,167.9 | 36,856.0 | 184,546.0 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Exempt portion |
n.a. | n.a. | n.a. | n.a. | 10,820.0 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2017 | ||||||||||||||||||||
| Loans, commitments and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Less than one year |
28,002.1 | 7,317.2 | 378.8 | 5,819.6 | 41,518.0 | |||||||||||||||
| From one year to less than three years |
18,999.1 | 7,689.9 | 980.2 | 676.6 | 28,346.1 | |||||||||||||||
| From three years to less than five years |
19,035.9 | 1,879.4 | 451.7 | 17.8 | 21,384.9 | |||||||||||||||
| Five years or more |
27,912.4 | 7,705.1 | 759.0 | 11.9 | 36,388.5 | |||||||||||||||
| Other than above |
11,850.6 | 4,836.7 | 20.5 | 39,752.7 | 56,460.7 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
105,800.4 | 29,428.5 | 2,590.5 | 46,278.8 | 184,098.4 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Exempt portion |
n.a. | n.a. | n.a. | n.a. | 17,509.4 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Notes: |
||
| 1. |
Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve for possible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach for business units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets. | |
| 2. |
“Others” include cash, deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets, etc. | |
27
● Status of exposure past due three months or more or in default
(D) Breakdown by geographical area
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2016 | ||||||||||||||||||||
| Loans, commitments
and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Domestic |
931.3 | 79.7 | 4.2 | 17.1 | 1,032.4 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Overseas |
224.1 | 3.1 | 7.0 | 4.9 | 239.2 | |||||||||||||||
| Asia |
49.6 | 0.0 | 0.5 | 0.7 | 50.9 | |||||||||||||||
| Central and South America |
55.3 | 0.0 | 3.3 | 0.0 | 58.6 | |||||||||||||||
| North America |
29.5 | 3.0 | — | 1.6 | 34.2 | |||||||||||||||
| Eastern Europe |
1.9 | — | 0.0 | — | 2.0 | |||||||||||||||
| Western Europe |
64.6 | 0.0 | 3.1 | 2.3 | 70.2 | |||||||||||||||
| Other areas |
22.9 | — | — | 0.1 | 23.0 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
1,155.4 | 82.9 | 11.3 | 22.0 | 1,271.7 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Exempt portion |
n.a. | n.a. | n.a. | n.a. | 3.8 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2017 | ||||||||||||||||||||
| Loans, commitments and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Domestic |
973.8 | 90.6 | 2.9 | 10.5 | 1,078.1 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Overseas |
244.6 | 2.9 | 7.8 | 3.3 | 258.8 | |||||||||||||||
| Asia |
54.2 | 0.0 | 1.8 | 1.1 | 57.2 | |||||||||||||||
| Central and South America |
98.5 | 0.0 | 2.8 | 0.0 | 101.3 | |||||||||||||||
| North America |
30.1 | 2.9 | 0.1 | 1.4 | 34.7 | |||||||||||||||
| Eastern Europe |
0.6 | — | 0.0 | — | 0.7 | |||||||||||||||
| Western Europe |
47.3 | 0.0 | 2.9 | 0.5 | 50.8 | |||||||||||||||
| Other areas |
13.7 | — | 0.0 | 0.1 | 13.9 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Total |
1,218.5 | 93.6 | 10.8 | 13.9 | 1,336.9 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Exempt portion |
n.a. | n.a. | n.a. | n.a. | 3.6 | |||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|||||||||||
| Notes: |
||
| 1. |
Exempt portion represents the amount before the deduction of specific reserve for possible losses on loans, reserve for possible losses on loans to restructuring countries and partial direct write-offs, calculated using the standardized approach for business units and asset classes that are immaterial for the purpose of calculating credit risk-weighted assets. | |
| 2. |
Exposure to non-Japanese residents is included in “Overseas.” | |
| 3. |
“Others” include deposits, call loans, other debt purchased, money held in trust, foreign exchange assets, other assets, etc. | |
28
(E) Breakdown by industry
| (Billions of yen) | ||||||||||||||||||||
| As of March 31, 2016 | ||||||||||||||||||||
| Loans, commitments and other non-derivative off-balance-sheet exposures |
Securities | Derivatives | Others | Total | ||||||||||||||||
| Manufacturing |
420.3 | 73.2 | 2.7 | 4.5 | 500.7 | |||||||||||||||
| Construction |
17.9 | 0.0 | — | 0.5 | 18.5 | |||||||||||||||
| Real estate |
76.3 | 0.6 | 0.1 | 0.2 | 77.3 | |||||||||||||||
| Service industries |
84.4 | 0.8 | 0.7 | 1.2 | 87.3 | |||||||||||||||
| Wholesale and retail |
195.1 | 1.5 | 0.6 | 9.5 | 206.9 | |||||||||||||||
| Finance and insurance |
11.3 | 5.5 | 0.0 | 2.1 | 19.0 | |||||||||||||||
| Individuals |
108.3 | |||||||||||||||||||