III Investment Results

Transcription

1 III Investment Results 1. As of the end of fiscal 2016, total assets increased from the previous year for the first time in two years to 375,505 (102.3% y/y). By the type of items, securities accounted for 82.5% of total assets (309,714, 103.1% y/y) followed by loans at 9.1% (34,071, 97.4% y/y). [Figures 45 and 46] Cash, Deposits and Savings Call Figure 45: Changes in Monetary Trusts Securities Tangible Fixed Others ,574 2,766 2,059 27,824 40,244 6,460 11, , ,416 2,669 2,459 28,503 38,099 6,319 11, , ,608 3,672 3,332 29,942 36,810 6,329 12, , ,458 1,280 3,701 30,052 34,986 6,250 12, , ,534 1,201 4,543 30,971 34,071 6,124 12, ,505 Below are figures excluding Japan Post Insurance ,850 2,563 1,803 20,568 27,553 6,374 7, , ,753 2,439 1,877 21,565 27,078 6,230 7, , ,402 3,227 1,897 23,315 26,832 6,197 7, , , ,056 23,691 26,008 6,104 8, , ,174 1,051 2,416 24,622 26,010 5,987 7, ,168 Figure 46: Ratio to Cash, Deposits and Savings Call Monetary Trusts Securities Tangible Fixed Others Below are figures excluding Japan Post Insurance (%)

2 2. Securities By the type of securities (309,714 in total), Japanese government bonds ranked top with 148,553 (99.99% y/y) accounting for 48.0% of the total securities, followed by foreign securities at 85,197 (108.3% y/y), corporate bonds at 25,824 (101.8% y/y), stocks at 21,514 (101.8% y/y) and local government bonds at 12,982 (96.0% y/y). [Figure 47] Since the domestic interest rate remained low throughout fiscal 2016, financial resources were increasingly allocated to foreign securities etc., because of their comparatively higher interest rates. As a result, the amount of bonds (total of government bonds, local government bonds and corporate bonds) decreased for the third successive year (187,360, 99.95% y/y). The amount of stocks increased for second successive year. Among the assets, the amount of bonds accounted for 49.9%, foreign securities for 22.7%, and stocks for 5.7% of the total in fiscal [Figures 48 and 49] Of all the foreign securities, the amount of bonds (total of government bonds, local government bonds corporate bonds, and other foreign securities) stood at 79,451 (110.1% y/y), and the amount of stocks stood at 5,745 (88.1% y/y). [Figure 49] Government Bonds Figure 47: Changes in Breakdown of Securities Local Government Bonds Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount Ratio Amount , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,714 Below are figures excluding Japan Post Insurance , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , ,228 Figure 48: Changes in Balance of Bonds and Stocks. (Amount: Ratio:%) Corporate Bonds Stocks Foreign SecuritiesOther Securities

3 Figure 49: Changes in Balance of Foreign Securities () 100,000 80, , , ,745 (%) ,000 5,205 5, ,000 20,000 50,780 56,186 67,137 72,131 79, Bonds Stocks Ratio to The balance of loans decreased from the previous year to 34,071 (97.4% y/y), accounting for 9.1% of the total assets (down by 0.4 points from the previous year). were the main items in the investment portfolios of life insurers from the late 1960s to early 1970s accounting for almost 70% over the total assets; however, the amount has been decreasing in the long run. Financial loans, accounting for 91.4% of total loans, decreased from the previous year to 31,132 (97.3% y/y), and policy loans also decreased from the previous year to 2,938 (97.9% y/y). [Figure 50] As for the items of financial loans, loans to entities account for 84.6%, followed by loans to individuals for 5.6%. [Figure 51] The amount of risk-monitored loans (total of loans to bankrupt borrowers, past due loans, loans overdue for three months or more and restructured loans) decreased from the previous year to 93 (80.0% y/y). Among them, past due loans amounted to 69 (76.9% y/y) and restructured loans amounted to 19 (90.7% y/y). The ratio of risk-monitored loans to total loans was 0.3% in fiscal 2016 (0.3% in fiscal 2015). [Figure 52] Figure 50: Changes in Breakdown of (Amount:,Ratio:%) Ratio to Financial Policy ,039 3,205 40, ,964 3,134 38, ,741 3,069 36, ,985 3,001 34, ,132 2,938 34, Below are figures excluding Japan Post Insurance ,383 3,169 27, ,998 3,079 27, ,837 2,994 26, ,102 2,905 26, ,190 2,820 26,

4 Figure 51: Changes in Financial to Entities and Individuals Large Entities Leading Medium-sized Entities 19,067 14, ,951 1, <97.8> <95.0> <82.8> <101.8> <91.3> <90.8> Note 1: Financial loans to entities include the loans to foreign entities in addition to the items described above. Note 2: Financial loans from Japan Post Insurance to SMEs include loans to Management Organization for Postal Savings and Postal Life Insurance. Note 3: The figures in parentheses represent year-on-year rate. (Classification of Scale of Entities by the Type of Business) SMEs Home Mortgages Consumer 32,489 17, ,874 1, <94.5> <98.3> <85.4> <89.8> <92.4> <102.2> 30,443 16, ,104 1, <93.7> <97.1> <106.6> <87.2> <96.5> <101.7> 29,437 16, ,040 1, <96.7> <98.1> <97.3> <91.2> <95.2> <87.4> 27,798 15, ,989 1, <94.4> <96.2> <115.5> <90.5> <93.8> <91.6> 26,338 14, ,047 1, <94.7> <94.8> <82.8> <90.6> <91.3> <90.8> Below are figures exclusing Japan Post Insurance 20,286 16, ,888 1, <97.1> <98.0> <85.4> <89.2> <92.4> <102.2> to Entities (, %) to Individuals 19,981 16, ,885 1, <98.5> <96.9> <106.6> <99.8> <96.5> <101.7> 20,067 16, ,925 1, <100.4> <98.0> <97.3> <102.1> <95.2> <87.4> 19,505 15, ,916 1, <97.2> <96.3> <115.5> <99.5> <93.8> <91.6> Type Business of 1 All Types of Business Except for 2 to 4 2 Retail and Eating and Drinking Business 3 Service Business 4 Wholesale Business Large Entities Leading Medium-Sized Entities than 300 than 300 million yen and less than 1 than 50 than 50 million yen and less than 1 than 100 than 50 million yen and less than 1 than 100 than 100 million yen and less than 1 SMEs With capital of 300 million yen or less or 300 or less full-time s With capital of 50 million yen or less or 50 or less full-time s With capital of 50 million yen or less or 100 or less full-time s Figure 52: Changes in Amount of Risk-Monitored With capital of 100 million yen or less or 100 or less full-time s

5 4. Tangible Fixed (Real Estate) Of the total amount of tangible fixed assets (6,124 ), the amount of real estate, which is the total amount of land, buildings and construction in process, was 6,027 (97.9% y/y). The total amount of tangible fixed assets accounts for 1.6% of the total assets for fiscal 2016.[Figures 45 and 53] Figure 53: Changes in Balance of Real Estate