FY2021 Interim Financial Highlights& FY2021 Prospects

December 2021

This document contains forward-looking statements in regard to forecasts, targets and plans of FIDEA Holdings Co.
Ltd. (“FIDEA”) and its group companies (collectively, “the group”). These forward-looking statements are based on
information currently available to the group and are stated here on the basis of the outlook at the time that thisdocument was produced. In addition, in producing these statements certain assumptions (premises) have beenutilized. These statements and assumptions (premises) are subjective and may prove to be incorrect and may not berealized in the future. Underlying such circumstances are a large number of risks and uncertainties. Please see otherdisclosure and public filings made or will be made by FIDEA and the other companies comprising the group,
including the latest kessan-tanshin, financial reports, Japanese securities reports and annual reports, for additional
information regarding such risks and uncertainties. The group has no obligation or intent to update any forwardlooking statements contained in this document.
In addition, information on companies and other entities outside the group that is recorded in this document has
been obtained from publicly available information and other sources. The accuracy and appropriateness of that
information has not been verified by the group and cannot be guaranteed.
The financial information used in this document was prepared in accordance with accounting standards generally
accepted in Japan, or Japanese GAAP.

Definitions of figures used in this document
Consolidated:

FIDEA Holdings (consolidated)

2 Banks:

Shonai Bank (non-consolidated) + Hokuto Bank (non-consolidated)

Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

1

FY2021 H1 Financials Summary
FY20H1(JPY in billions)(results)①

FY21H1y-o-y(projected) (results)

②

③

③-①

Resultsvs.
projected③-②

Ordinary revenue

23.7

–

24.9

1.2

–

Gross profits
Core Gross profits

16.7
17.0

15.9
16.5

17.2
17.7

0.5
0.7

1.3
1.2

Net interest income

14.5

13.9

14.8

0.3

0.9

2.2

2.4

2.6

0.4

0.2

Net gains(losses) on
debt securities

(0.3)

(0.6)

(0.4)

(0.1)

0.2

G&A expenses (excl.
extraordinary expenses)

13.4

13.1

12.9

(0.5)

(0.2)

Personnel costs

7.0

6.7

6.6

(0.4)

(0.1)

Non-personnel costs

5.3

5.4

5.2

(0.1)

(0.2)

Net business profits

3.2

2.8

4.2

1.0

1.4

Total credit costs

0.2

1.0

1.3

1.1

0.3

Net gains (losses) on
equity securities

0.5

0.6

1.4

0.9

0.8

Ordinary profits

3.2

2.6

4.5

1.3

1.9

Net extraordinary
gains (losses)

(0.8)

(0.1)

(0.5)

0.3

(0.4)

Total of income taxescurrent and income
taxes-deferred

1.0

0.8

1.7

0.7

0.9

Net income

1.4

1.7

2.2

0.8

0.5

78.81%－

73.12%(5.69p)

Net fees andcommissions

Core OHR

Financial Results Review
Due to the decrease in expenses and theincrease in net gains on equity securities,
ordinary profit increased by ¥1.3bn (37.7%)
to ¥4.5bn year on year. Interim net income(Interim profit attributable to owners ofparent) increased by ¥0.8bn (57.8%) to¥2.2bn year on year.

<Net business profits>
G&A expenses

Net fees and comissions

Net interest income

Net business profits

3

4

3

2

2

2

13

14

14

(13)

(13)

(12)

FY19H1FY20H1FY21H1

Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

2

FY2021 Financials Prospects(JPY in billions)

FY20（results）

FY21 H1(results)①

FY21(projected)

Change②②-①Ordinary revenue

53.1

24.9

－

Gross profit
Core Gross profit

33.3
37.8

17.2
17.7

33.8
34.0

0.5
(3.8)

32.0

14.8

28.2

(3.8)

4.7

2.6

4.9

0.2

(4.5)

(0.4)

(0.2)

4.3

G&A expenses (excl.
extraordinary expenses)

26.7

12.9

26.1

(0.6)

Personnel costs

13.8

6.6

13.2

(0.6)

Non-personnel costs

10.8

5.2

10.8

0.0

Total credit costs

2.0

1.3

3.2

1.2

Net gains (losses) on equity
securities

3.2

1.4

2.2

(1.0)

Ordinary profit

6.8

4.5

7.0

0.2

(1.5)

(0.5)

(0.7)

0.8

Income taxes

1.9

1.7

2.5

0.6

Net income

3.3

2.2

3.7

0.4

70.70%

73.12%

above 76%

Net interest income
Net fees andcommissions
Net gains (loses) on
sales of bonds

Net extraordinary gains(losses)Core OHR－

Projections Summary
We revised upward our consolidated
financial results forecasts announced
on May 14, 2021 for the fiscal year
2021: ordinary profit from ¥5.2bn to¥7.0bn and net income from ¥3.4bn
to ¥3.7bn.
We have revised the annual dividend
forecast from ¥60yen per share to¥75yen.
(We adopted the share consolidationof the shares of common stock on
the basis of one post-consolidation
share per ten pre-consolidation
shares effective as of October 1,
2021. The impact from the shareconsolidation is reflected in theestimate of cash dividends per shareof common stock.)

Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

3

Key Financials
Core Gross Profits

Ordinary Profits(JPY in billions)
40.0

34.0

35.0

Net Income(JPY in billions)

33.5

33.8

33.3

8.0

6.0

30.0

(JPY in billions)

6.8

6.0

7.0

5.0

4.0

25.0

4.0

20.0

3.7

3.7

2.8

15.0

2.0

1.3

2.0

10.0

3.3

5.0

0.0

0.0
FY18

FY19

FY20

FY21-Prospect

FY18

FY19

FY20

0.0

FY21-Prospect

FY20

FY21-Prospect(pertaining to the standard in Japan)(JPY in billions)
Loans

2,485

Deposits

2,652

12.00%

2,699

2,500
2,000

FY19

Capital Adequacy Ratio

Loans and Deposits

3,000

FY18

10.00%

1,703

1,741

9.50%

9.26%

9.61%

9.26%

1,703
8.00%

1,500

1,000

We made a 5.0 billion yen
upfront repayment ofpublic funds.

6.00%

500
4.00%

0
2019/92020/92021/92019/32020/32021/32021/9Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

4

Net Interest Income
Net Interest Income(JPY in millions)
20,00015,000

Deposit/Loan spread

Deposit/Loan Rates and Investment Security Yield

Others

Deposit rate

13,971

14,55114,805

4,148

4,996

5,542

10,000

5,000

9,555

9,263

1.50%

1.17%

0.50%

FY19 H1(JPY in millions)

FY20 H1

FY21 H1

1.07%

0.01%

0.01%

0.00%

FY19 H1

FY20 H1

FY21 H1

Loans

Interest Expenses(JPY in millions)

Investment securities etc.

1,000

14,364

14,871

14,895

4,308

5,105

5,550

Deposits(Including Negotiable Deposits)

600

392
400

10,056

9,766

9,345

0

Others800

10,000

5,000

1.14%

1.12%

Interest Income

15,000

1.44%

1.32%

0.00%

0

20,000Investment security yield〈2 Banks〉

2.00%

1.00%

9,823

Loan rate

159

200

320
110

233

210

FY19 H1

FY20 H1

0
FY19 H1

FY20 H1

FY21 H190
81

9

FY21 H1

Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

5

LoansAverage Balance and Loan Rate ＜2 Banks＞(JPY in billions)

Shonai Bank

3,000

2,000

1.17%
1,735
851

Hokuto Bank

Loan rate

Balance by Prefecture ＜2 Banks＞(JPY in billions)
2,000

1.12%
1,748
874

1,000

1.07%
1,500

1,000

Akita

1,718
153

Yamagata

MiyagiOthers

1,755
140

1,717
128

235

221

201

532

561

569

797

831

818

2019/92020/92021/9

1,741

874
500

883

873

866

FY19 H1

FY20 H1

FY21 H100Balance by Borrower ＜Shonai Bank＞(JPY in billions)

Retail

SMEs

Municipal governments

OthersBalance by Borrower ＜Hokuto Bank＞(JPY in billions)

Retail

SMEs

Municipal governments

Others

1,000

866

877

855

1,000

851

877

861

800

68

67

62

800

87

87

75

600

248

243

245

302

343

353

212

204

188

2019/92020/92021/9

600

162
228

153
271

400
200

406

386

166

263
364

0

400
200
0

2019/92020/92021/9Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

6

Breakdown of Loans
Loans Classified by Type of Industry ＜2Banks＞
Type of industry (2banks)
Domestic offices (excluding loans booked
at offshore markets)
Manufacturing

2020/9JPY bn2021/9%JPY bn%1,755.0

100.0

1,717.7

100.0

117.8

6.7

114.1

6.6

Agriculture and forestry

3.7

0.2

3.8

0.2

Fishery

0.1

0.0

0.0

0.0

Mining, quarrying of stone and gavel

2.2

0.1

2.4

0.1

Construction

75.7

4.3

72.4

4.2

Utilities

82.1

4.6

81.8

4.7

Communication and information services

9.1

0.5

8.6

0.5

Transport and postal activities

19.9

1.1

19.0

1.1

Wholesale and retail

101.9

5.8

101.5

5.9

Finance and insurance

53.3

3.0

48.3

2.8

Real estate and goods rental and leasing
Scientific research and professional andtechnical services
Accommodations, eating and drinking
services
Living-related and amusement services

113.3

6.4

114.4

6.6

9.4

0.5

10.3

0.6

24.1

1.3

23.1

1.3

17.7

1.0

17.3

1.0

Mortgage Loans(JPY in billions)

Shonai Bank

600
500

Hokuto Bank

548

525

172

167

154

375

358

338

2019/92020/92021/9

400

493

300
200

Education learning support

4.5

0.2

4.0

0.2

100

Medical, social welfare

53.7

3.0

56.2

3.2

0

Services

38.3

2.1

43.9

2.5

Municipal government

396.5

22.5

412.6

24.0

Others (Including Mortgage Loans)
Overseas offices and loans booked at
offshore markets
Total

630.7

35.9

583.1

33.9

-

-

-

-

1,755.0

100.0

1,717.7

100.0
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7

Investment Securities〈2 Banks〉

Balance by Product Type ＜2 Banks＞

Average Balance and Investment Security Yield(JPY in billions)
1,500

Shonai Bank

Hokuto Bank

1.32%

500

Municipal bonds

1.44%

1.14%
1,000

(JPY in billions)

Investment security yield

768
360

359

408

387

743
366
377

0
FY20 H1(JPY in millions)
6,000
5,000
4,000

246

258

267

19
112

20
124

264

254

241

142

152

137

2019/92020/92021/9

96

400
200

Interests and Dividend on Investment Securities

4,292
297

Interest

Devidends

5,091
184

5,373
216

Total

791

600

FY21 H1

Others796

0
FY19 H1

Equity

767

800

747

Corporate bonds

18

Duration of Bonds ＜non-consolidated＞[Shonai Bank]
Domestic Bonds

10.00
5.00

7.11

5.63

6.42

Foreign bonds

7.78

5.63

7.30

0.00
3,000
2,000

3,995

4,907

5,157

2019/92020/92021/9[Hokuto Bank]
Domestic Bonds

10.00

1,000
5.00

7.11

5.64

6.68

Foreign bonds

7.46

5.65

7.27

0
FY19 H1

FY20 H1

FY21 H1

0.00
2019/92020/92021/9Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

8

Investment Securities (Continued)
Gains/Losses on sales of bonds

Unrealized Gains/Losses on Securities Portfolio

FY19H1FY20H1FY21H1

3,055

1,911

1,646

-

-

-

1,441

2,259

2,112

Redemption losses

-

-

-

Impairment

-

-

-

1,614

(348)

(466)

(JPY in millions)

Selling gains
Redemption gains
Selling losses

Gains/Losses on Debt Securities

Bonds(JPY in millions)

40,000Equity37,29830,00019,248
Gains/Losses on sales of stocks and other securities
FY19H1FY20H1FY21H1

Selling gains

1,036

897

2,015

Selling losses

732

271

537

Impairment

3

47

4

300

578

1,473

(JPY in millions)

Gains/Losses on Equity

Others(Investment Trusts, REIT, etc.)

26,355

12,46920,00028,717

15,890

5,778
6,334

10,00012,271

7,551

6,931
5,895

0
2019/92020/92021/9Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

9

Deposits
Average Balance and Deposit Rate
(Including Negotiable Deposits) ＜2 Banks＞

Balance by Prefecture ＜2 Banks＞(JPY in billions)(JPY in billions)
Shonai Bank

Hokuto Bank

Deposit rate

4,000

0.01%

0.01%

0.00%

3,000

2,519

2,629

2,745

1,276

1,342

2,000
1,000

1,242

1,287

FY19 H1

FY20 H1

3,000

2,000

1,000

500

MiyagiOthers

2,657
58
158

2,705

1,023

1,111

1,162

1,237

1,329

1,355

2019/92020/92021/92,492
170 59146 39

1,000

1,341
0
FY21 H1

Balance by Depositor ＜Shonai Bank＞

1,500

Yamagata

1,404

0(JPY in billions)

Akita

RetailCorporate

Balance by Depositor ＜Hokuto Bank＞(JPY in billions)

Others

1,222
64
250

1,293
67
289

1,325
72
291

1,500

908

936

962

500

2019/92020/92021/90

1,000

RetailCorporate

Others

1,364

1,379

118

108

306

306

900

940

964

2019/92020/92029/9

1,269
112
256

0

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10

Net Fees and Commissions
Net Fees and Commissions Income ＜2 Banks＞

Net Fees and Commissions Revenue ＜2 Banks＞(JPY in millions)(JPY in millions)

Investment trusts

Insurance

Exchange

5,000
2,000

3,955

3,797

1,780

1,844

855

830

864
456

611
512

FY19 H1

FY20 H1

4,000
3,000

1,000

1,905

1,779

2,186

2,000
1,000
0

0
FY19 H1

FY20 H1

FY21 H1

Investment Product Sales ＜Shonai Bank＞
Investment trusts(JPY in billions)
200

188

Public bonds

50
0

4,170
1,915
815

685
755
FY21 H1

Investment Product Sales ＜Hokuto Bank＞

Life insurance

Investment trusts

Public bonds

Life insurance(JPY in billions)

180

175

150
100

Others

200

181

179

184

142

140

137

2
36

1
37

1
45

2019/92020/92021/9

150

145

136

124

2
41

1
42

1
49

2019/92020/92021/9100
50
0Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

11

General and Administration Expenses, OHR, Credit Costs, NPLGeneral and Administration Expenses
Personnel costs

Non-personnel costs

Core Gross Profit and Core OHR
Core Gross Profit

Tax

15,00010,00085.84%

13,871970

13,468

12,954

1,023

983

5,622

5,385

5,297

7,278

7,059

6,673

FY19 H1

FY20 H1

FY21 H1

78.81%

20,00010,0005,000Core OHR(JPY in millions)(JPY in millions)073.12%

16,15817,087

17,714

FY19 H1

FY20 H1

FY21 H10

Total Credit Costs

Non-Performing Loans ＜2 Banks＞

FY19H1FY20H1FY21H1

354

157

1,172

Write-off loans

3

7

109

Reversal of allowance for loan
losses－－－Recoveries of written-off claims

50

24

18

Others

192

148

127

(JPY in millions)

Provision of allowance for loan
losses(JPY in millions)
60,00040,00020,0000Total Credit Costs

499

288

1,390

Bankrupt or de-facto bankrupt
DoubtfulSpecial attention
NPL ratio

1.73%

1.57%

1.54%

27,75227,808

3,035

1,117

16,572

17,40522,164

8,144

9,285

7,901

2019/92020/92021/930,545479

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12

Covered Ratio of NPL
Covered Ratio of Non-Performing Loans ＜2 Banks＞
2021 / 9 balance(JPY in millions)

NPL amount(a)

Covered amount(b)Collateral, Guaranties

Covered ratiob÷aReserve

Bankrupt or de-facto bankrupt

7,901

7,901

4,445

3,455

100.00%

Doubtful

22,164

19,841

14,3935,448

89.51%

479

405

371

33

84.53%

30,54528,147

19,2108,937

92.15%

Special attention
Total【2020 / 9 balance】(JPY in millions)

NPL amount(a)

Covered amount(b)Collateral, Guaranties

Reserve

Covered ratiob÷a

Bankrupt or de-facto bankrupt

9,285

9,285

5,387

3,898

100.00%

Doubtful

17,40515,043

12,0472,996

86.43%

Special attention

1,117

1,002

744

258

89.71%

Total

27,80825,332

18,178

7,153

91.09%

Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

13

Master Agreement in connection with the Management Integration
between FIDEA Holdings Co. Ltd. and The Tohoku Bank, Ltd.

Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

14

Master Agreement in connection with the Management Integration（１）Future Schedule
July 2, 2021
Mid-February, 2022
Late June, 2022

(Tentative)(Tentative)

September 29, 2022
October 1, 2022

(Tentative)(Tentative)

Execute Master Agreement
Execute final agreement
Annual shareholders’ meeting in connection with the Management
Integration (Companies)
Delisting of Tohoku BankManagement Integration becomes effective

Background of Discussions in Connection with the Management Integration
As regional financial institutions headquartered in Tohoku, and with the kind patronage of the local population, we
endeavor to fulfill our social mission and establish a stable revenue base. On February 7, 2018, FIDEA Holdings, Shonai
Bank, Ltd. and Hokuto Bank, Ltd., which are group companies of FIDEA Holdings, and Tohoku Bank, executed acomprehensive business cooperation agreement aiming to contribute to the development of our customers’ and regional
economic revitalization by further deepening business cooperation between us and utilizing each other’s strengths andknowhow. Taking advantage of our brand recognition and operational capabilities of the Companies’ operative
infrastructure, we opened shared stores and used joint ATMs and systems. We also cooperated on project finance related
renewable energy and various other projects.
Recently, however, regional financial institutions have been challenged by significant changes in the operating
environment, such as the local economy being impacted by a shifting social structure due to a declining and aging
population, prolonged trend of low interest rates resulting in decreased interest income, intensified competition withcompanies from other industries entering the financial arena by using technical innovation (FinTech, for example) as wellas the rapid spread of COVID-19. The Companies acknowledge the need to establish new coping mechanisms to deal withthese environmental changes.
In light of this challenging environment and in order to contribute, as regional institutions, to the recovery,
development and growth of the local economy, the Companies must establish systems that will allow us to maximize our
combined resources and knowhow.

Taking into account the results achieved by implementing various joint measures based on business cooperation
between the Companies, our view is that maintaining each party’s brand recognition and operational capabilities, further
enhancing business collaboration by functioning as regional financial intermediaries, improving our response to thechanging environment and enhancing operational efficiency through the acceleration and fostering of mutual relationships,
are essential in order to promptly reinforce our revenue base. Therefore, the Companies resolved to proceed with
consultations and discussions towards a Management Integration.
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15

Master Agreement in connection with the Management Integration（２）Basic Policies of the Management Integration
Based on the following basic policies, by producing synergistic effects as a result of the Management Integration, theCompanies strive to enhance trust within the community in order to revitalize the economy of the Tohoku region, including
Iwate, Akita and Yamagata and become a favorite regional financial services group and growing with our customers andthe region.

1. By effective use of operational resources and knowhow, we will pursue a more sustainable businessmodel, use a management strategy that differs from our competitors so that we function as a financial
intermediary and contribute to the region’s economic revitalization.
2. We intend to strengthen our earning capacity and reduce costs by streamlining headquarter functions,enhancing corporate governance, introducing sophisticated risk management systems and sharing thestrength of the Companies’ sales measures. We also intend to maximize the synergistic effects of theintegration through rational and efficient operations with a view to establish sustainable management
systems.
3. With our broad network of branches in the Tohoku region, we strive to become a regional financial
services group, providing information and financial services across the prefectural borders throughout the
Tohoku region. We aim to grow together with the region and our customers.

Form of Management Integration
The Companies will proceed with consultations and discussions in connection with the Management Integration with aview that FIDEA Holdings, which already has a holding company system, will become the holding company of the newfinancial group. Based on the assumption that on or about October 1, 2022, the Companies will obtain the approval of ourrespective shareholders as well as all permits required from the relevant authorities in connection with the implementationof the Management Integration, the Companies intend to proceed with consultations and discussions regarding shareexchanges whereby FIDEA Holdings will end up being the parent company, owning 100% of Tohoku Bank, which will
become its wholly-owned subsidiary.

Copyright(c) 2021 FIDEA Holdings Co.Ltd. All rights reserved.

16

Master Agreement in connection with the Management Integration（３）Expected Synergistic Effects of the Management Integration
Taking into account the following synergistic effects and promptly after the implementation of the Management
Integration, the Companies will take specific measures with a view to contribute to the regional economic revitalization,
improve efficiency, pursue a sustainable business model and establish management systems in line with the realization of
the aforementioned synergistic effects. We will take advantage of a sophisticated broad regional network, while maintaining
and enhancing the long-established relationship, trust between us and our customers and specific brands for each region.
1. Enhancement of Financial Intermediary Functions and Financial Services(i) Corporate Business
Following years of activities in this area, we will continue to function as financial intermediaries for local corporations
located in our operational base, including Iwate, Akita and Yamagata. In addition, we will provide high-quality solutions
by using our cross-prefectural border network in domains such as M&A, business succession and business matching
services. By sharing our group companies’ knowhow with respect to corporate business, we will meet various corporate
and individual, including owners of the corporations, needs, such as assistance with the management and main
business activities of local corporations.
(ii) Retail Business
By using our mutual knowhow with respect to retail business, we will share products and services we have been
providing, such as lending, various settlement and asset management services and expand their scope. We will alsoenhance our consultation functions and advise our customers on ways to achieve their financial goals and various needs.
(iii) Regional Revitalization
Through our group companies’ joint efforts and knowhow, we will strive to manage regional issues and, byenhancing partnerships with local public entities, actively contribute to the region’s revitalization.
2. Reinforcement of Corporate Governance Systems and Business Infrastructure
The Companies will reinforce our corporate governance systems, such as risk management, compliance and internal
audit by integrating our headquarter functions to streamline their operating structure, human resources and knowhow.
The Companies will also reinforce the business infrastructure enabling us to continue fulfilling our social mission asregional financial institutions by pursuing an efficient cost-benefit ratio through such shared infrastructure and theintegration of various systems and administrative functions.
3. Enhancement of Earning Capacity
As stated above, in order to enhance our earning capacity, the Companies will endeavor to (i) increase our income
by reinforcing financial intermediary functions and services, (ii) promote streamlining by reinforcing corporate
governance systems and business infrastructure and (iii) enhance our ability to invest in, and manage, various asset
classes through shared knowhow and securities’ investment risk management.
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FIDEA Group Fourth Medium-term Management Plan「Your reliable consulting bank with a fountain of wisdom」

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Outline of Fourth Medium-term Management Plan

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Direction of Fourth Medium-term Management Plan

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Practical Approaches

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FIDEA Group SDGs Declaration

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SDGs/ESG Major Sustainability Achievements

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Snapshot of FIDEA Holdings

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Overview of FIDEA Holdings
 FIDEA Holdings Co. Ltd. is a holding company of a wide-area financial group, which has The Shonai Bank, Ltd. (Yamagata Prefecture)
and The Hokuto Bank, Ltd. (Akita Prefecture) under its umbrella.
 In recent years, we have been reducing low-profitability housing loans and other loans, while focusing on expanding loans based on
business evaluation and fee business in the region by strengthening consulting sales through an integrated sales system for both
corporate and individual customers. In addition, we are actively working on cost management by integrating branches and improving
efficiency of branch administration.
 In October 2022, THE TOHOKU BANK, LTD. in Iwate Prefecture is scheduled to join FIDEA HD through a share exchange.

Founded2009 through consolidation of Hokuto Bank and Shonai Bank

Headquarters

Sendai city, Miyagi prefecture

CEO

Yuichi Tao

FunctionManagement & administrative functions only

Market Capitalization & Listing

JPY 21.7 billion (as of November 29, 2021) Tokyo Stock Exchange 1st Section

Hokuto Bank

Shonai Bank
Founded1878

Founded

1895

Headquarters

Tsuruoka city, Yamagata prefecture

Headquarters

Akita city, Akita prefecture

CEO

Yuichi Tao

CEOArata Ito

# of employees

670 (as of September 30, 2021)# of employees

631 (as of September 30, 2021)

Branches

87 (as of September 2021)• Yamagata:64, Miyagi:15, Akita:1,
Fukushima:2 ,Tokyo: 4 and Web: 1

Branches

86 (as of September 2021)• Akita:82, Miyagi:1, Yamagata:1 ,Tokyo:1 and Web: 1

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Open Platform Strategy of FIDEA Group【Open Platform Strategy】(1) FIDEA HOLDINGS and affiliated Banks are sharing clearly own missions ,responsibilities and roles of FIDEA group management.
(2) While globalization of regional economies is progressing, FIDEA is enhancing its“Competitive Edge” through pursuing specialties at the Holding Company.
SHONAIBANK[ Creating the Platform for the Regions ] as a management strategy

HOKUTOBANK[ Providing the Innovative Foundation ] as a management strategy

 Fortifying corporate governance over the group
 Expanding own market by pursuing wider range of business area Securing personnel who have expertise in various fields related to financial services and management
 Enhancing risk management and internal audit system over the whole Group Establishing and executing ICT Strategy covering the whole Group comprehensively
 Planning and implementing the optimum capitalization strategy focusing on soundness,
efficiency and business expansion

 “ OPEN ” means, “ Open to any interested parties for encouraging them to join FIDEA”
 “ PLATFORM ” means, “ FIDEA HOLDINGS is the platform integrating various expertise to
carry on financial group strategy ”
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Global Business Alliance① Direct alliance② Bangkok Declaration(*)③ Alliance of payment andsettlement operations④ Alliance mediated by Japan Bankfor International Cooperation

China② China Minsheng Banking
Corp② Ping An Bank
③ Bank of China

South Korea①③ KEB Hana Bank

ThailandHokuto Bank’s representative office①② KASIKORNBANK① The Board of Investment of Thailand
Laos② Banque Pour Le
Commerce Exterieur Lao
PublicIndia④ State Bank of India

Vietnam① Vietcombank① Baoviet Holdings② Vietnam Joint Stock
Commercial Bank for
Industry and Trade

Cambodia

The Philippines② Canadia Bank①② BDO Unibank(*) On 3 November 2014, total 35
reputable banks in each region joined
Bangkok Declaration, 9 from ASEAN
countries, China and Korea, and 26
from different prefectures in Japan.
The declaration aims to establish an
innovative multilateral platform
connecting Asian financial institutions.

Hawaii, USA① American Savings Bank

MexicoMalaysia① Malaysian Industrial
Development FinanceIndonesia① Bank Negara Indonesia② Bank Central Asia

 FIDEA has been continuously expanding its business alliance withkey local partners especially in Asia, to fully support the overseas
expansions of its corporate clients④ State of Aguascalientes④ State of Guanajuato④ State of Jalisco④ State of Nuevo León
④ BANCO NACIONAL DE
MÉXICO, S.A., INTEGRANTEDEL GRUPO FINANCIERO
BANAMEX

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Business Areas
Shonai Bank’s branches

Akita Prefecture

Hokuto Bank’s branches

Population (2021)

0.9 million

Gross prefectural product(nominal 2018)

JPY 3.5 trillion# of companies (2019)

16 thousand

Deposits for individual
customers of banks(2021)

JPY 2.9 trillion

Miyagi Prefecture

Sendai

Yamagata Prefecture
Population (2021)

1.0 million

Gross prefectural product(nominal 2018)

JPY 4.2 trillion# of companies (2019)19 thousand

Deposits for individual
customers of banks(2021)

JPY 3.2 trillion

Population (2021)

2.2 million

Gross prefectural product(nominal 2018)

JPY 9.5 trillion# of companies (2019)43 thousand

Deposits for individual
customers of banks(2021)

JPY 7.5 trillion

Tokyo

Extracted from the ‘kinyu map’ of The Financial Journal Co., Ltd.

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We will make the Tohoku region a center for producing happiness and hopethrough the passion, wisdom, and challenging spirit of all employees.