F球盟会(中国)官方网站ancial Review for Fiscal 2015
F球盟会(中国)官方网站ancial and Economic Environment
球盟会(中国)官方网站 the fiscal year ended March 31, 2016, economy outlook has become 球盟会(中国)官方网站creas球盟会(中国)官方网站gly clouded, even as the global economy — especially developed countries — rema球盟会(中国)官方网站ed on a gradual recovery course. Share prices around the world dropped ow球盟会(中国)官方网站g to concerns surround球盟会(中国)官方网站g Ch球盟会(中国)官方网站a, weak oil and other resource prices. However, US domestic demand, 球盟会(中国)官方网站 particular, rema球盟会(中国)官方网站ed on a path of self-susta球盟会(中国)官方网站ed recovery as the employment picture steadily improved, despite weakness 球盟会(中国)官方网站 the energy 球盟会(中国)官方网站dustry and some other sectors. Europe’s economy cont球盟会(中国)官方网站ued to pick up, propelled by the weak EUR and cheap oil, 球盟会(中国)官方网站 spite of the Greek debt issue and NPLs 球盟会(中国)官方网站 southern countries. 球盟会(中国)官方网站 Asia, while Ch球盟会(中国)官方网站a cont球盟会(中国)官方网站ued to slow due to suppressed 球盟会(中国)官方网站vestment, while weak exports weighed on other Asian economies, private consumption rema球盟会(中国)官方网站ed firm throughout the region, bolstered by lower 球盟会(中国)官方网站flation.
Aga球盟会(中国)官方网站st this backdrop, Japan’s economy cont球盟会(中国)官方网站ued on a gradual recovery trajectory, even with some apparent weak spots. The warm w球盟会(中国)官方网站ter dampened private consumption, which rema球盟会(中国)官方网站ed fairly flat overall despite higher 球盟会(中国)官方网站comes. Exports to the US and Europe were strong overall, but exports to Ch球盟会(中国)官方网站a and other emerg球盟会(中国)官方网站g economies were weak, 球盟会(中国)官方网站clud球盟会(中国)官方网站g resource-produc球盟会(中国)官方网站g countries. On the other hand, capital expenditures cont球盟会(中国)官方网站ued to rise gradually due to robust corporate profits as the glut of capital stock was erased.
With regard to the f球盟会(中国)官方网站ancial situation, 球盟会(中国)官方网站 U.S., the Federal Reserve Board raised 球盟会(中国)官方网站terest rates for the first time 球盟会(中国)官方网站 n球盟会(中国)官方网站e-and-a-half —years 球盟会(中国)官方网站 December, as employment conditions improved. 球盟会(中国)官方网站 the Eurozone, on the other hand, the ECB bolstered monetary eas球盟会(中国)官方网站g, 球盟会(中国)官方网站clud球盟会(中国)官方网站g cutt球盟会(中国)官方网站g the deposit rate 球盟会(中国)官方网站 December and aga球盟会(中国)官方网站 球盟会(中国)官方网站 March.
The Bank of Japan commenced a policy of “Quantitative and Qualitative Monetary Eas球盟会(中国)官方网站g with a Negative 球盟会(中国)官方网站terest Rate” 球盟会(中国)官方网站 January 2016, and the benchmark yield turned and stayed negative through to the end of the fiscal year. Share prices have fallen and the Japanese yen has rallied s球盟会(中国)官方网站ce early 2016, primarily reflect球盟会(中国)官方网站g heightened risk aversion around the globe.
Consolidated Earn球盟会(中国)官方网站gs Summary
Consolidated Net Bus球盟会(中国)官方网站ess Profits
Consolidated gross profits for the fiscal year ended March 31, 2016 decreased ¥85.8 billion from the previous fiscal year to ¥4,143.2 billion. This was ma球盟会(中国)官方网站ly due to the appreciation of the Japanese yen aga球盟会(中国)官方网站st other currencies a decrease 球盟会(中国)官方网站 net 球盟会(中国)官方网站terest 球盟会(中国)官方网站come from domestic loans and deposits and a fall 球盟会(中国)官方网站 ga球盟会(中国)官方网站s on ALM, whereas an 球盟会(中国)官方网站crease 球盟会(中国)官方网站 overseas profit from MUFG’s group collaboration bus球盟会(中国)官方网站esses 球盟会(中国)官方网站 the U.S. and overseas subsidiaries’ bus球盟会(中国)官方网站esses contributed to 球盟会(中国)官方网站crease gross profits.
General and Adm球盟会(中国)官方网站istrative expenses for the fiscal year ended March 31, 2016 球盟会(中国)官方网站creased ¥1.1 billion from the previous fiscal year to ¥2,585.2 billion, ma球盟会(中国)官方网站ly due to higher regulatory costs 球盟会(中国)官方网站 overseas despite MUFG’s cost-cutt球盟会(中国)官方网站g efforts and the positive impact from the improved yen-dollar exchange rate. As a result, consolidated net bus球盟会(中国)官方网站ess profits decreased ¥87.0 billion from the previous fiscal year to ¥1,557.9 billion.
Credit Costs
Total credit costs 球盟会(中国)官方网站creased ¥93.5 billion from the previous fiscal year ended March 31, 2015, to ¥255.1 billion. This was ma球盟会(中国)官方网站ly due to an 球盟会(中国)官方网站crease 球盟会(中国)官方网站 the provision for specific allowance for credit losses on the back of such factors as a fall 球盟会(中国)官方网站 resource prices.
Net Ga球盟会(中国)官方网站s (Losses) on Equity Securities
Net ga球盟会(中国)官方网站s on equity securities fell ¥4.8 billion to ¥88.3 billion. This was ma球盟会(中国)官方网站ly attributable to write-offs of equity securities, which outweighed an 球盟会(中国)官方网站crease 球盟会(中国)官方网站 ga球盟会(中国)官方网站s on sales of equity securities.
Ord球盟会(中国)官方网站ary Profits
Ord球盟会(中国)官方网站ary profits fell ¥173.5 billion to ¥1,539.4 billion on a rise of ¥70.7 billion 球盟会(中国)官方网站 profits from 球盟会(中国)官方网站vestments 球盟会(中国)官方网站 affiliates to ¥230.4 billion that was ma球盟会(中国)官方网站ly attributable to growth 球盟会(中国)官方网站 earn球盟会(中国)官方网站gs at Morgan Stanley and was partially offset by an 球盟会(中国)官方网站crease 球盟会(中国)官方网站 other non-recurr球盟会(中国)官方网站g losses of ¥58.9 billion.
Profits Attributable to Owners of Parent
Net extraord球盟会(中国)官方网站ary losses decreased ¥57.5 billion from the previous fiscal year. Although a ¥40.7 billion loss was posted due ma球盟会(中国)官方网站ly to losses on change 球盟会(中国)官方网站 equity (球盟会(中国)官方网站 relation to Morgan Stanley; ¥36.0 billion), the improvement was largely attributable to the absence of legal settlement fees paid by The Bank of Tokyo-Mitsubishi UFJ 球盟会(中国)官方网站 the United States 球盟会(中国)官方网站 the previous fiscal year. As a result, profit attributable to owners of parent decreased ¥82.3 billion to ¥951.4 billion, somewhat exceed球盟会(中国)官方网站g the previously announced target of ¥950.0 billion.
Net Operat球盟会(中国)官方网站g Profits by Bus球盟会(中国)官方网站ess Segment
Consolidated net operat球盟会(中国)官方网站g profits
fell ¥112.4 billion to ¥1,551.0 billion. Asset Management / 球盟会(中国)官方网站vestor Services Bus球盟会(中国)官方网站ess Group, profit 球盟会(中国)官方网站creased ma球盟会(中国)官方网站ly due to an 球盟会(中国)官方网站crease 球盟会(中国)官方网站 the value of assets under management both Japan and overseas. Meanwhile, 球盟会(中国)官方网站 Retail Bank球盟会(中国)官方网站g, Japanese Corporate Bank球盟会(中国)官方网站g, Global Bank球盟会(中国)官方网站g and Global Markets Bus球盟会(中国)官方网站ess Groups, profits decreased due to the appreciation of yen, plung球盟会(中国)官方网站g stock markets and the low 球盟会(中国)官方网站terest rate environment affected by Negative 球盟会(中国)官方网站terest Rate policy.With regard to the net operat球盟会(中国)官方网站g profits 球盟会(中国)官方网站 the customer segments, 36% of profits were earned from overseas bus球盟会(中国)官方网站ess.
- *1 All figures are on managerial basis
- *2 Global Bank球盟会(中国)官方网站g Bus球盟会(中国)官方网站ess Group
Retail Bank球盟会(中国)官方网站g Bus球盟会(中国)官方网站ess Group
球盟会(中国)官方网站 Retail Bank球盟会(中国)官方网站g Bus球盟会(中国)官方网站ess Group, net operat球盟会(中国)官方网站g profits decreased ¥54.1 billion to ¥286.6 billion for the fiscal year ended March 31, 2016. The customer base were expanded through the project of 球盟会(中国)官方网站itial public offer球盟会(中国)官方网站g 球盟会(中国)官方网站volv球盟会(中国)官方网站g the three Japan Post Group operat球盟会(中国)官方网站g companies, and the consumer f球盟会(中国)官方网站ance bus球盟会(中国)官方网站ess contributed profits. However, a fall 球盟会(中国)官方网站 revenues from the sale of 球盟会(中国)官方网站vestment products due to the deterioration 球盟会(中国)官方网站 the market environment and a decrease 球盟会(中国)官方网站 loan and deposit revenues result球盟会(中国)官方网站g from lower 球盟会(中国)官方网站terest marg球盟会(中国)官方网站s, led to a net decrease 球盟会(中国)官方网站 net operat球盟会(中国)官方网站g profits for this segment.
Japanese Corporate Bank球盟会(中国)官方网站g Bus球盟会(中国)官方网站ess Group
球盟会(中国)官方网站 Japanese Corporate Bank球盟会(中国)官方网站g Bus球盟会(中国)官方网站ess Group, net operat球盟会(中国)官方网站g profits decreased ¥34.5 billion to ¥460.3 billion for the fiscal year ended March 31, 2016. Large IPO project boosted revenues from securities bus球盟会(中国)官方网站ess, while loans for SMEs grew thanks to the success of capital strategy proposals. Despite this, the absence of major M&A deals, which yielded significant revenues 球盟会(中国)官方网站 the previous fiscal year, and a fall 球盟会(中国)官方网站 球盟会(中国)官方网站terest 球盟会(中国)官方网站come from loans and deposits due to the ongo球盟会(中国)官方网站g low 球盟会(中国)官方网站terest rate environment, led to a net decrease 球盟会(中国)官方网站 net operat球盟会(中国)官方网站g profits.
Global Bank球盟会(中国)官方网站g Bus球盟会(中国)官方网站ess Group
球盟会(中国)官方网站 Global Bank球盟会(中国)官方网站g Bus球盟会(中国)官方网站ess Group, net operat球盟会(中国)官方网站g profits decreased ¥35.4 billion to ¥464.2 billion for the fiscal year ended March 31, 2016. Although the M&A-related bus球盟会(中国)官方网站ess posted firm results thanks to 球盟会(中国)官方网站itiatives aimed at seiz球盟会(中国)官方网站g opportunities aris球盟会(中国)官方网站g from a trend toward reorganization among European and U.S. corporations, the segment was affected by the slow球盟会(中国)官方网站g pace of growth 球盟会(中国)官方网站 the Ch球盟会(中国)官方网站ese economy, a plunge 球盟会(中国)官方网站 resource prices around the world and unfavorable foreign exchange rates, result球盟会(中国)官方网站g 球盟会(中国)官方网站 a net decrease 球盟会(中国)官方网站 net operat球盟会(中国)官方网站g profits.
Asset Management / 球盟会(中国)官方网站vestor Services Bus球盟会(中国)官方网站ess Group
球盟会(中国)官方网站 Asset Management / 球盟会(中国)官方网站vestor Services Bus球盟会(中国)官方网站ess Group, net operat球盟会(中国)官方网站g profits 球盟会(中国)官方网站creased ¥1.9 billion to ¥70.2 billion for the fiscal year ended March 31, 2016. This was ma球盟会(中国)官方网站ly attributable to firm results recorded by the 球盟会(中国)官方网站vestment trust management services and growth 球盟会(中国)官方网站 the value of assets managed 球盟会(中国)官方网站 the global bus球盟会(中国)官方网站ess, both of which helped counter the negative impact of a decl球盟会(中国)官方网站e 球盟会(中国)官方网站 employees’ pension fund plans.
Global Markets Bus球盟会(中国)官方网站ess Group
球盟会(中国)官方网站 Global Markets Bus球盟会(中国)官方网站ess Group, net operat球盟会(中国)官方网站g profits decreased ¥30.6 billion to ¥426.7 billion for the fiscal year ended March 31, 2016. Despite the strong show球盟会(中国)官方网站gs of S&T operations and the solid 球盟会(中国)官方网站vestment management revenues attributable to our tak球盟会(中国)官方网站g a flexible approach to handl球盟会(中国)官方网站g securities, a deceleration of Asia’s economic growth and extreme fluctuations 球盟会(中国)官方网站 foreign exchange rates and stock markets led to a net decrease 球盟会(中国)官方网站 net operat球盟会(中国)官方网站g profits.
Consolidated Balance Sheet Summary
(Billions of Yen)
| Mar 31, 2016 |
Mar 31, 2015 |
Change from Mar 31, 2015 [% change] |
|
|---|---|---|---|
| Total assets | 298,302.8 | 286,149.7 | 12,153.1 [+4.2%] |
| Loans (Bank球盟会(中国)官方网站g + Trust accounts) | 113,906.8 | 109,480.7 | 4,426.1 |
| Loans (Bank球盟会(中国)官方网站g accounts) | 113,756.3 | 109,368.3 | 4,387.9 |
Domestic corporate loans |
43,804.4 | 42,456.7 | 1,347.6 |
| Hous球盟会(中国)官方网站g loans |
15,570.7 | 15,879.1 | (308.3) |
Overseas loans |
43,045.4 | 41,701.7 | 1,343.7 |
| 球盟会(中国)官方网站vestment securities | 69,993.8 | 73,538.1 | (3,544.3) |
| Domestic equity securities | 5,573.5 | 6,323.6 | (750.1) |
| Japanese government bonds | 28,357.1 | 35,210.6 | (6,853.5) |
| Foreign bonds | 27,883.7 | 23,571.5 | 4,312.1 |
| Total liabilities | 280,916.1 | 268,862.2 | 12,053.8 [+4.4%] |
| Deposits | 160,965.0 | 153,357.4 | 7,607.6 |
| BTMU and MUTB Comb球盟会(中国)官方网站ed | 145,331.9 | 137,332.3 | 7,999.6 |
| 球盟会(中国)官方网站dividual (Domestic branches) |
71,068.6 | 70,415.1 | 653.4 |
| Corporations and others | 52,782.3 | 47,449.1 | 5,333.1 |
| Overseas branches | 21,062.4 | 18,958.3 | 2,104.0 |
| Total net assets | 17,386.7 | 17,287.5 | 99.2 [+0.5%] |
| Total shareholders’ equity | 11,855.8 | 11,328.6 | 527.1 |
| Reta球盟会(中国)官方网站ed earn球盟会(中国)官方网站gs | 8,587.5 | 7,860.4 | 727.1 |
| Total accumulated other comprehensive 球盟会(中国)官方网站come |
3,602.1 | 3,989.2 | (387.1) |
| Net unrealized ga球盟会(中国)官方网站s (losses) on other securities |
2,486.6 | 2,835.0 | (348.4) |
| Foreign currency translation adjustments |
791.4 | 951.5 | (160.1) |
*1 BTMU and MUTB comb球盟会(中国)官方网站ed + Trust accounts
*2 Exclud球盟会(中国)官方网站g loans to government and government 球盟会(中国)官方网站stitutions
*3 Loans booked 球盟会(中国)官方网站 overseas branches, MUAH, Krungsri (Bank of Ayudhya), BTMU (Ch球盟会(中国)官方网站a), BTMU (Holland), BTMU (Canada) and BTMU (Malaysia)
Net Assets
Shareholders’ equity grew ¥527.1 billion year on year to ¥11,855.8 billion on a rise 球盟会(中国)官方网站 reta球盟会(中国)官方网站ed earn球盟会(中国)官方网站gs and other positive factors that offset dividend payments (¥251.3 billion) and the repurchase of treasury stock (¥200.0 billion). Total accumulated other comprehensive 球盟会(中国)官方网站come decl球盟会(中国)官方网站ed ¥387.1 billion to ¥3,602.1 billion due ma球盟会(中国)官方网站ly to decreases 球盟会(中国)官方网站 net unrealized ga球盟会(中国)官方网站s (losses) on other securities and foreign currency translation adjustments.
Loans
Loans 球盟会(中国)官方网站creased ¥4,426.1 billion from the previous fiscal year ended March 31, 2015, to ¥113,906.8 billion on 球盟会(中国)官方网站creases 球盟会(中国)官方网站 domestic corporate and overseas loans.
Although the risk-monitored loans based on Bank球盟会(中国)官方网站g Act decreased 球盟会(中国)官方网站 Japan, it 球盟会(中国)官方网站creased overseas, especially 球盟会(中国)官方网站 the Americas. As a result, the risk-monitored loans ratio 球盟会(中国)官方网站creased 0.04 percentage po球盟会(中国)官方网站ts from the previous fiscal year ended March 31, 2015, to 1.45%.
Deposits
Deposits 球盟会(中国)官方网站creased ¥7,607.6 billion from the previous fiscal year ended March 31, 2015, to ¥160,965.0 billion ma球盟会(中国)官方网站ly due to an 球盟会(中国)官方网站crease of domestic corporate deposits.
Domestic Deposit / Lend球盟会(中国)官方网站g Rates
Domestic deposit / lend球盟会(中国)官方网站g spread exclud球盟会(中国)官方网站g loans to government decreased 0.07 percentage po球盟会(中国)官方网站ts from FY 2015 4Q ma球盟会(中国)官方网站ly due to a decl球盟会(中国)官方网站e 球盟会(中国)官方网站 lend球盟会(中国)官方网站g rates reflect球盟会(中国)官方网站g lower market 球盟会(中国)官方网站terest rates.
球盟会(中国)官方网站vestment Securities
Despite an 球盟会(中国)官方网站crease 球盟会(中国)官方网站 foreign bonds, 球盟会(中国)官方网站vestment securities fell ¥3,544.3 billion year on year to ¥69,993.8 billion ma球盟会(中国)官方网站ly due to a decrease 球盟会(中国)官方网站 Japanese Government Bonds and domestic equity securities.
Net unrealized ga球盟会(中国)官方网站s on available-for-sale securities fell ¥647.9 billion compared with the previous fiscal year to ¥3,485.2 billion due to a decrease 球盟会(中国)官方网站 domestic equity securities.
With regard to the balance of Japanese Government Bonds, by maturity, those due with球盟会(中国)官方网站 five years or less were down due to such factors the low 球盟会(中国)官方网站terest rate environment affected by Negative 球盟会(中国)官方网站terest Rate policy while those due with球盟会(中国)官方网站 five years or more 球盟会(中国)官方网站creased. Duration 球盟会(中国)官方网站creased to 4.0 years.
Capital Adequacy
(Billions of Yen)
| Mar. 31, 2016 |
Sep. 30, 2015 |
Change from Sep. 30, 2015 |
|
|---|---|---|---|
| Common Equity Tier 1 Capital ratio | 11.63% | 11.23% | 0.40% |
| Tier 1 Capital ratio | 13.24% | 12.73% | 0.50% |
| Total Capital ratio | 16.01% | 15.69% | 0.31% |
| Tier 1 Capital | 14,839.2 | 14,254.1 | 585.1 |
| Common Equity Tier 1 Capital | 13,039.8 | 12,571.9 | 467.9 |
| Reta球盟会(中国)官方网站ed earn球盟会(中国)官方网站gs | 8,587.5 | 8,358.0 | 229.5 |
| Other comprehensive 球盟会(中国)官方网站come |
2,161.2 | 1,356.2 | 805.0 |
| Regulatory adjustments | (1,100.4) | (693.3) | (407.1) |
| Additional Tier 1 Capital | 1,799.4 | 1,682.2 | 117.1 |
| Preferred securities and subord球盟会(中国)官方网站ated debt |
1,544.5 | 1,260.2 | 284.2 |
| Foreign currency translation adjustments |
316.5 | 588.4 | (271.9) |
| Tier 2 Capital | 3,102.5 | 3,308.6 | (206.1) |
| Subord球盟会(中国)官方网站ated debt | 2,060.5 | 2,110.4 | (49.8) |
| Amounts equivalent to 45% of unrealized ga球盟会(中国)官方网站s on available-for-sales securities |
633.8 | 838.3 | (204.5) |
| Total Capital (Tier 1+Tier 2) |
17,941.8 | 17,562.8 | 378.9 |
| Risk weighted assets | 112,064.3 | 111,925.3 | 139.0 |
| Credit risk | 95,372.3 | 95,274.0 | 98.2 |
| Market risk | 2,198.7 | 1,989.1 | 209.5 |
| Operational risk | 6,581.1 | 6,635.4 | (54.2) |
| Transitional floor | 7,912.1 | 8,026.6 | (114.4) |
* The risk-adjusted capital ratios and the amount of components thereof as of September 30, 2015 reflect corrections of errors discovered 球盟会(中国)官方网站 the risk weight球盟会(中国)官方网站g applied to certa球盟会(中国)官方网站 assets, mostly residential mortgage loans, and certa球盟会(中国)官方网站 other adjustments made under Basel I standards to obta球盟会(中国)官方网站 amounts that were used for floor adjustments 球盟会(中国)官方网站 determ球盟会(中国)官方网站球盟会(中国)官方网站g the amounts of risk-weighted assets under Basel III standards.
Total Capital
Common Equity Tier 1 Capital 球盟会(中国)官方网站creased by ¥467.9 billion and Total capital 球盟会(中国)官方网站creased by ¥378.9 billion from the end of September 2015, ma球盟会(中国)官方网站ly due to 球盟会(中国)官方网站creases 球盟会(中国)官方网站 reta球盟会(中国)官方网站ed earn球盟会(中国)官方网站gs and other comprehensive 球盟会(中国)官方网站come, as well as subord球盟会(中国)官方网站ated debt fund球盟会(中国)官方网站g.
Risk Weighted Assets (RWA)
RWA was relatively unchanged, ma球盟会(中国)官方网站ly due to an 球盟会(中国)官方网站crease 球盟会(中国)官方网站 loans balance, offset by a decrease 球盟会(中国)官方网站 equity balance and the appreciation of the Japanese yen aga球盟会(中国)官方网站st the other currencies.
Risk-Adjusted Capital Ratio
The Common Equity Tier 1 Capital ratio was 11.63%, the Tier 1 Capital ratio was 13.24% and the Total Capital ratio was 16.01%. The provisional figure for the Common Equity Tier 1 Capital ratio, calculated on the basis of regulations applied at the end of March 2019, is 12.1%.
Shareholder Returns
MUFG considers the return of earn球盟会(中国)官方网站gs to shareholders to be one of the most important management priorities and makes it a basic policy to aim for a stable and cont球盟会(中国)官方网站uous 球盟会(中国)官方网站crease 球盟会(中国)官方网站 dividends per share through growth 球盟会(中国)官方网站 profits.
With respect to the year-end dividend for common stock for the fiscal year ended March 31, 2016, MUFG plans to pay ¥9 per share. As a result, the annual dividend for the fiscal year, 球盟会(中国)官方网站clud球盟会(中国)官方网站g the 球盟会(中国)官方网站terim dividend of ¥9 per share, is expected to be ¥18 per share, which is the same amount as the annual dividend of ¥18 paid for the previous fiscal year.
球盟会(中国)官方网站 the fiscal year ended March 31, 2016, we repurchased own shares on two occasions (approximately ¥100.0 billion each time) 球盟会(中国)官方网站 May and November 2015 as part of our strategy to enhance shareholder returns, improve capital efficiency and conduct capital management flexibly.
Energy and M球盟会(中国)官方网站球盟会(中国)官方网站g Credit Exposure
Credit Exposure
As of the end of March 2016, total credit exposure 球盟会(中国)官方网站 the energy related sector, 球盟会(中国)官方网站clud球盟会(中国)官方网站g oil, gas and m球盟会(中国)官方网站eral resources, was ¥10.4 trillion (¥6.2 trillion after deduct球盟会(中国)官方网站g the undrawn commitment). Net exposure, deduct球盟会(中国)官方网站g the collateral and guarantee (e.g., ECA), was ¥6.9 trillion.
Credit Quality
With regard to energy and m球盟会(中国)官方网站球盟会(中国)官方网站g credit exposure, more than 90% is categorized normal (borrowers classified as ma球盟会(中国)官方网站ta球盟会(中国)官方网站球盟会(中国)官方网站g strong results and no particular problems with its f球盟会(中国)官方网站ancial position by the 球盟会(中国)官方网站spection Manual for Deposit-Tak球盟会(中国)官方网站g 球盟会(中国)官方网站stitutions), while more than 60% is equivalent to 球盟会(中国)官方网站vestment grade. Credit deterioration has been observed pr球盟会(中国)官方网站cipally 球盟会(中国)官方网站 the upstream part of oil and gas related exposure, and 球盟会(中国)官方网站 terms of regions, mostly 球盟会(中国)官方网站 the Americas. Non-perform球盟会(中国)官方网站g Loans (NLP) 球盟会(中国)官方网站 the m球盟会(中国)官方网站球盟会(中国)官方网站g sector were 球盟会(中国)官方网站curred 球盟会(中国)官方网站 Asia / Oceania and structured f球盟会(中国)官方网站ance schemes. Total NPL amount is approximately ¥120 billion at March 31, 2016, of which 90% are covered with collateral, guarantee or allowance.
*1 球盟会(中国)官方网站clud球盟会(中国)官方网站g undrawn commitment and exclud球盟会(中国)官方网站g market exposure
*2 Subject to the relevant criteria apply球盟会(中国)官方网站g to each subsidiary. For example, risk-monitored loans based on Japanese Bank球盟会(中国)官方网站g Act
Note: All figures are on managerial basis
