The true leading bank and customer-oriented earnings model under the Medium-Term Management Plan "SINKA 2020"
First written in FY2021. 1 of 2 entries say "Advanced", first in FY2022. Latest entry: FY2022.
No other company in this theme has enough history to compare yet.
- FY2022AdvancedAnnual report
「Profit attributable to owners of the parent (①) for the current consolidated fiscal year increased by ¥3.0 billion year on year to ¥5.5 billion, mainly because the general allowance for loan losses changed from a provision to a reversal. In addition, lower expenses improved the standalone core OHR (④), along with an increase in customer service profit (③). Although the card merchant group's total transaction value (⑥) was affected by the pandemic, it continued to increase steadily. As a result of continuing to provide customer-focused support, the number of solution proposals based on business evaluation sheets (⑦) again exceeded the target for the final year of the medium-term management plan.」
Actual results for fiscal 2021 against the final-year targets of SINKA2020 were disclosed. Parent-company profit attributable to owners of the parent was ¥5.5 billion, consolidated ROE was 4.2%, the standalone capital ratio was 8.68%, the standalone core OHR was 77.16%, and the number of solution proposals was 6,341. Meanwhile, customer service profit of ¥5.0 billion and card transaction value of ¥66.7 billion were below the final-year targets. - FY2021First statedAnnual report
「The medium-term management plan “SINKA 2020” identifies its vision as becoming a true leading bank that supports the region at all times and contributes to regional development, regardless of economic conditions.」
The new plan, which began in fiscal 2020, set as its basic strategies the “evolution” of core businesses such as deposits, lending and foreign exchange, the “deepening” of ancillary businesses such as cashless payments, and structural reform, behavioral reform, an IT investment strategy and a Group brand strategy. Its targets for the final year, fiscal 2022, were parent-company profit attributable to owners of the parent of ¥5.5 billion, consolidated ROE of 4% or more, customer service profit of ¥5.5 billion, a standalone capital ratio of 8.5% or more, a standalone core OHR of 79% or less, total transaction value at card-affiliated merchants of ¥88.0 billion, and 3,500 solution proposals based on business evaluation sheets. Following the spread of the infection, profit targets and other targets were revised, while the capital ratio target was raised from 8.2% or more to 8.5% or more.