Deterioration in the Earnings Environment Due to the Negative Interest Rate Policy and Intensifying Competition
First written in FY2017. 2 of 4 entries say "Reframed", first in FY2025-H1. Latest entry: FY2026.
The Nanto Bank moved to the "Worse" side of this theme in 2021, the same year as the typical company in this theme.
The whole theme swung hardest in 2025: 12 of 23 companies on the "Worse" side.
4 other companies' latest entry also says "Reframed".
- FY2026ReframedAnnual report
「In light of the steady performance of core operating revenue and the impact of the policy rate increase, which was not incorporated into the initial plan, we revised the targets for fiscal 2027.」
The framework has been reframed from an assessment of the earnings environment centered on monetary easing and negative interest rates to one involving target revisions that incorporate the impact of policy rate increases. - FY2025-H1ReframedAnnual report
「The outlook remains uncertain due to rising interest rates following the review of the Bank of Japan’s monetary easing policy, exchange rate volatility and an unstable international situation.」
The assessment of the environment has been reframed from the challenges posed primarily by the negative interest rate policy to include rising interest rates following the review of monetary easing policy, exchange rate volatility and an unstable international situation. - FY2021WorsenedAnnual report
「Changes in the management environment, including digital wage payments and lower interbank fees, are expected to have a potentially significant impact on the customer base and revenue base.」
In addition to negative interest rates and intensifying competition, the impact on the earnings environment from the shift to a cashless society, digital wage payments and lower interbank fees has been added. - FY2017First statedAnnual report
「The environment surrounding our bank has changed significantly due to the Bank of Japan’s negative interest rate policy and intensifying competition with other banks, and given the potential contraction of the market as a result of future population decline, we expect the earnings environment to become increasingly challenging.」
The negative interest rate policy and intensifying competition with other banks are described as factors that will make the earnings environment more challenging going forward.