Fukuoka Financial Group,Inc.
May 13, 2020

Fukuoka Financial Group, Inc.
Financial Digest for Fiscal Year 2019, ended March 31, 2020
Stock Exchange Listing:Tokyo, Fukuoka (code:8354)
URL:
https://www.fukuoka-fg.com/
Representative:
Takashige Shibato, Chairman of the Board ＆President
For Inquiry:
Masahiro Fujii, General Manager, Corporate Planning Division
Date of General Meeting of Shareholders: June 26, 2020 (scheduled)Payment date of cash dividends:
June 29, 2020 (scheduled)
Filing date of Financial Statements:
June 26, 2020 (scheduled)
Trading Accounts:
EstablishedSupplementary Materials:
Attached
IR Conference:
Scheduled (for institutional investors, analysts)(Notes) 1. Financial statements are not subject to audit.
2. Amounts less than one million yen are omitted.
1. Cosolidated Financial Highlights (from April 1, 2019 to March 31, 2020)(1) Consolidated Operating Results
Ordinary Income
FY2019FY2018(Note) Comprehensive income(%:Changes from previous fiscal year)
Net Income attributable toowners of the parent\Million%%－
110,607114.2
3.4
51,6494.6
FY2018: \12,053 million [(84.7)%]

Ordinary Profit\Million\Million%
283,186
15.1(5,250)246,112
3.6
74,093
FY2019: \46,387 million [284.9%]

Net Income per
Ordinary Profit
Ordinary Profit
Return on Equity
Share
on Ordinary
on Total Assets(Diluted)
Income\\%%%FY2019581.83
－
13.6
(0.0)
(1.9)
FY2018300.71
－
6.6
0.4
30.1
(Reference) Equity in earnings of affiliates
FY2019: None
FY2018: None
(Note) FFG consolidated its common shares at the ratio of one new share for every five old shares effective October 1, 2018.
In accordance with it, net income per share is calculated based on the assumption that the share consolidation had
been carried out at the beginning of the previous fiscal year.
Net Income per
Share(2) Consolidated Financial Position
Total Assets

Total Net Assets

Own Capital Ratio

Net Assets per Share\Million\Million%
FY201925,068,405
853,062
3.4
FY201820,839,786
777,308
3.7(Reference) Own capital
FY2019: \853,038 million
FY2018: \777,291 million(Note) Own Capital Ratio = (Total net assets - Noncontrolling interests ) / Total assets * 100
This ratio is not based on the public notification of the capital adequacy ratio.

\
4,487.30
4,525.66(3) Consolidated Cash Flows
Cash Flows fromOperating Activities
FY2019FY2018Cash Flows from
Investing Activities\Million
47,871(5,725)

Cash Flows from
Financing Activities\Million(147,507)
360,435\Million(15,989)(33,717)

Cash and Cash
Equivalents, end of
period\Million
4,545,697
4,489,326

2. Dividend Payment
Dividends
Dividends on
PayoutFirst
SecondThird
FourthFiscalNet Assets
Ratio
Quarter
Quarter
Quarter
QuarterYear(Consolidated)(Consolidated)
%
%
\
\
\
\
\
\Million
FY20188.50－
14,59928.3
1.9－－ 42.50
FY201985.00
16,22914.6
1.9－ 42.50－ 42.50
85.00
40.4－ 42.50－ 42.50
FY2020 (projection)(Note) As the group consolidated its common shares at the ratio of one new share for every five old shares effective October 1,
2018, the effect of the said consolidation of shares is factored into the calculation of the year-end dividend per share forthe fiscal year ending March 31, 2019, and the total annual dividend is shown as “－”.
Dividends declared per Share

Total
Dividends(Annual)

3. Consolidated Earnings Projections for Fiscal year 2020, (Year ending March 31, 2021)(%:Changes from corresponding period of previous fiscal year)
Net Income attributable toOrdinary Profit
Net Income per Shareowners of the parent\Million\Million%%\Interim of FY2020
30,5002.4
20,500(84.8)
107.83
FY202056,00040,000(63.8)
210.41－(Note) The reverse effects of the spread of the new coronavirus infection that can be presumed at present were factored in thecalculation of performance projections for the fiscal year ending March 31, 2021.Hereafter, if any revision is required,revised figures will be announced without delay.

-0-Fukuoka Financial Group,Inc.

4.Consolidated Financial Statements(1) Consolidated Balance Sheets(millions of Yen)

科目
(Japanese)

Item(Assets)

現金預け金Call loans and bills bought

コールローン及び買入手形

Receivables under resale agreements

買現先勘定

Monetary claims bought

買入金銭債権

Trading assets

特定取引資産

Money held in trust

金銭の信託

Securities

有価証券

Loans and bills discounted

貸出金

Foreign exchanges

外国為替Lease receivables and lease investment assets

リース債権及びリース投資資産

Other assets

その他資産

Tangible fixed assets

有形固定資産

Intangible fixed assets

無形固定資産Net defined benefit assets

退職給付に係る資産

Deferred tax assets

繰延税金資産Customers' liabilities for acceptances and guarantees

支払承諾見返Allowance for loan losses

貸倒引当金
資産の部合計

(Liabilities)

負債の部

Deposits

預金

Negotiable certificates of deposit

譲渡性預金

Call money and bills sold

コールマネー及び売渡手形

Payables under repurchase agreements

売現先勘定

Payables under securities lending transactions

債券貸借取引受入担保金

Trading liabilities

特定取引負債

Borrowed money

借用金

Foreign exchanges

外国為替Short-term bonds payable

短期社債

Bonds payable

社債

Other liabilities

その他負債

Net defined benefit liability

退職給付に係る負債

Provision for losses on interest repayments

利息返還損失引当金

Provision for losses from reimbursement of inactive accounts

睡眠預金払戻損失引当金

Provision for contingent liabilities losses

その他の偶発損失引当金

Reserves under the special laws

特別法上の引当金

Deferred tax liabilities

繰延税金負債

Deferred tax liabilities for land revaluation

再評価に係る繰延税金負債

Acceptances and guarantees

支払承諾

Total liabilities(Net assets)

4,497,130
8,769－
66,5281,600
4,190
2,927,128
12,994,296
8,160－
183,074
194,101
16,19818,5339,366
43,363(132,655)
20,839,786

4,555,981
23,236
37,621
54,688
1,630
14,734
3,797,852
16,126,222
32,93315,857
283,821
209,629
19,206
8,459
47,77045,662(206,904)
25,068,405

14,059,790
238,412
1,865,549
1,241,589
618,0070
1,826,041
1,169
16,00010,000112,921
993
23
5,543
3
22
57
22,98943,36320,062,477

17,174,794
346,675
2,248,706
1,369,069
638,281－
2,159,259
1,679
29,00010,000156,225
4,379
26
8,592
0
22
6
22,96145,662
24,215,343

負債の部合計124,799
94,164
419,871(391)
638,443
107,770(20,239)
51,560(245)
138,84717
777,308
20,839,786

124,799
141,418
514,682(2,446)
778,454
65,358(32,547)
51,495(9,721)
74,58423
853,062
25,068,405

純資産の部

Capital stock

資本金

Capital surplus

資本剰余金

Retained earnings

利益剰余金

Treasury stock

自己株式

Total shareholders' equity

株主資本合計Valuation difference on available-for-sale securities

その他有価証券評価差額金

Deferred gains or losses on hedges

繰延ヘッジ損益

Revaluation reserve for land

土地再評価差額金

Remeasurements of defined benefit plans

退職給付に係る調整累計額

Total accumulated other comprehensive income

その他の包括利益累計額合計

Non-controlling interests

非支配株主持分

Total net assets

純資産の部合計Total liabilities and net assets

As of
Mar 31, 2020

資産の部

Cash and due from banks

Total assets

As of
Mar 31, 2019

負債及び純資産の部合計-1-

Fukuoka Financial Group,Inc.

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income

Item(millions of Yen)

科目
(Japanese)

FY2018FY2019

経常収益

246,112283,186

資金運用収益177,744

200,141

Interest on loans and discounts（うち貸出金利息）136,827

155,206

Interest and dividends on securities（うち有価証券利息配当金）

33,97637,9360049,88456,283

Ordinary income:Interest income

Trust fees

信託報酬

Fees and commissions

役務取引等収益

Trading income

特定取引収益177

344

Other operating income

その他業務収益

8,120

17,010

Other income

その他経常収益10,183

9,406

経常費用

172,018

288,436

資金調達費用

21,96725,829（うち預金利息）

4,340

5,179

Fees and commissions payments

役務取引等費用

20,82625,007

Other operating expenses

その他業務費用

45887

General and administrative expenses

営業経費

117,087

154,951

Other expenses

その他経常費用

12,091

81,760Ordinary profit (loss)

経常利益又は経常損失

74,093(5,250)Extraordinary income

特別利益

10

117,444

Gain on disposal of noncurrent assets

固定資産処分益

1011

Gains on negative goodwill

負ののれん発生益－

117,433

特別損失

451

3,962

Loss on disposal of noncurrent assets

固定資産処分損

347

399

Impairment loss

減損損失

103

3,414

Loss on step acquisitions

段階取得に係る差損－

148

Income before income taxes:

税金等調整前当期純利益

73,652

108,231

Current

法人税、住民税及び事業税

21,857

15,954

Deferred

法人税等調整額

189(18,308)

Total income taxes

法人税等合計22,046(2,353)

Net income

当期純利益51,605110,585

Net loss attributable to non-controlling interests (-)

非支配株主に帰属する当期純損失

(44)

(22)

Net income attributable to owners of the parent

親会社株主に帰属する当期純利益

51,649110,607

Ordinary expenses:
Interest expenses
Interest on deposits

Exｔraordinary loss

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Fukuoka Financial Group,Inc.

Consolidated Statements of Comprehensive Income(millions of Yen)

科目
(Japanese)

Item

FY2018FY2019Net income

当期純利益51,605110,585

Other comprehensive income

その他の包括利益(39,552)(64,197)

Valuation difference on available-for-sale securities

その他有価証券評価差額金(23,722)(42,412)Deferred gains or losses on hedges

繰延ヘッジ損益(7,554)(12,308)

Remeasurements of defined benefit plans

退職給付に係る調整額(8,274)(9,476)

包括利益

12,053

46,387

Total comprehensive income(Breakdown)（内訳）

Comprehensive income attributable to owners of the parent

親会社株主に係る包括利益

12,097

46,409Comprehensive income attributable to non-controlling interests

非支配株主に係る包括利益

(44)

(22)

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Fukuoka Financial Group,Inc.

(3) Consolidated Statements of Changes in Net Assets
FY2018(millions of Yen)
Shareholders’ equity
株主資本
Item

科目
(Japanese)

Balance as of Mar 31, 2018

当期首残高

Changes during the period:

当期変動額

Capital stock

Capital surplus

Retained earnings

Treasury stock

Total
shareholders’ equity

資本金

資本剰余金

利益剰余金

自己株式

株主資本合計124,799

94,158Dividends from surplus

剰余金の配当Net income attributable toowners of the parent

親会社株主に帰属する
当期純利益

Acquisition of treasury stock

自己株式の取得

Disposition of treasury stock

自己株式の処分

0

Transfer from revaluation
reserve for land
Increase of consolidated
subsidiaries
Net changes of items otherthan shareholders’ equity

土地再評価差額金の取崩
連結子会社の増資による持分の増減
株主資本以外の項目の当期変動額(純額)6

Total changes during the period

当期変動額合計

Balance as of Mar 31, 2019

当期末残高

381,891(364)

600,485(13,740)(13,740)

51,64951,649
(27)

(27)

0

0

70

70
6

－

6

37,979(27)

37,958

124,799

94,164

419,871(391)

638,443

Accumulated other comprehensive income
その他の包括利益累計額

Balance as of Mar 31, 2018

当期首残高

Changes during the period:

当期変動額

Valuationdifference on
available-forsale securities

Deferred
gains orlosses onhedges

Revaluation
reserve forland

Remeasurementsof defined benefit
plans

Total
accumulated
othercomprehensive
incomeNon-controllinginterests

Total net
assets

その他有価証券
評価差額金

繰延ヘッジ
損益

土地再評価
差額金

退職給付に係る調整累計額

その他の包括利益
非支配株主持分
累計額合計

純資産合計

131,493(12,684)

51,631

8,029

178,47017

778,973

Dividends from surplus

剰余金の配当Net income attributable toowners of the parent

親会社株主に帰属する
当期純利益

Acquisition of treasury stock

自己株式の取得(27)

Disposition of treasury stock

自己株式の処分

0

Transfer from revaluation
reserve for land
Increase of consolidated
subsidiaries
Net changes of items otherthan shareholders’ equity

土地再評価差額金の取崩
連結子会社の増資による持分の増減
株主資本以外の項目の当期変動額(純額)(13,740)
51,64970
6(23,722)(7,554)(70)(8,274)(39,623)(0)(39,623)

Total changes during the period

当期変動額合計(23,722)(7,554)(70)(8,274)(39,623)(0)(1,664)

Balance as of Mar 31, 2019

当期末残高

107,770(20,239)

51,560(245)

138,84717

777,308-4-

Fukuoka Financial Group,Inc.

FY2019(millions of Yen)
Shareholders’ equity
株主資本
Item

科目
(Japanese)

Balance as of Mar 31, 2019

当期首残高

Changes during the period:

当期変動額

Capital stock

Capital surplus

Retained earnings

Treasury stock

Total
shareholders’ equity

資本金

資本剰余金

利益剰余金

自己株式

株主資本合計124,799

94,164

419,871(391)

638,443

Increase by stock swap

株式交換による増加

Dividends from surplus

剰余金の配当(15,861)(15,861)

Net income attributable toowners of the parent

親会社株主に帰属する
当期純利益

110,607

110,607

Acquisition of treasury stock

自己株式の取得

Disposition of treasury stock

自己株式の処分

Transfer from revaluation
reserve for land
Purchase of shares of
consolidated subsidiaries
Increase of consolidated
subsidiaries
Net changes of items otherthan shareholders’ equity

土地再評価差額金の取崩
連結子会社株式の取得による持分の増減
連結子会社の増資による持分の増減
株主資本以外の項目の
当期変動額(純額)

Total changes during the period

当期変動額合計

Balance as of Mar 31, 2020

当期末残高

47,12047,120(2,055)(2,055)

0

1

0
65

65

11

11

122

122

－

47,254

94,811(2,054)140,010

124,799

141,418

514,682(2,446)

778,454

Accumulated other comprehensive income
その他の包括利益累計額

Balance as of Mar 31, 2019

当期首残高

Changes during the period:

当期変動額

Valuationdifference on
available-forsale securities

Deferred
gains orlosses onhedges

Revaluation
reserve forland

Remeasurementsof defined benefit
plans

Total
accumulated
othercomprehensive
incomeNon-controllinginterests

Total net
assets

その他有価証券
評価差額金

繰延ヘッジ
損益

土地再評価
差額金

退職給付に係る調整累計額

その他の包括利益
非支配株主持分
累計額合計

純資産合計

107,770(20,239)

51,560(245)

138,84717

777,308

Increase by stock swap

株式交換による増加

Dividends from surplus

剰余金の配当(15,861)

Net income attributable toowners of the parent

親会社株主に帰属する
当期純利益

110,607

Acquisition of treasury stock

自己株式の取得(2,055)

Disposition of treasury stock

自己株式の処分

Transfer from revaluation
reserve for land
Purchase of shares of
consolidated subsidiaries
Increase of consolidated
subsidiaries
Net changes of items otherthan shareholders’ equity

土地再評価差額金の取崩
連結子会社株式の取得による持分の増減
連結子会社の増資による持分の増減
株主資本以外の項目の
当期変動額(純額)

Total changes during the period

当期変動額合計

Balance as of Mar 31, 2020

当期末残高

47,1201
65
11
122(42,412)(12,308)(65)(9,476)(64,263)5(64,257)(42,412)(12,308)(65)(9,476)(64,263)575,75365,358(32,547)

51,495(9,721)

74,58423

853,062-5-

Fukuoka Financial Group,Inc.

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Fukuoka Financial Group,Inc.

May 13, 2020
ContentsPage

１ Gain and loss
２ Assets and liabilities

・・・・・・・・・・

8～10(1) Loans・・・・・・・・・・

11(2) Deposits

・・・・・・・・・・

12(3) Asset management products

・・・・・・・・・・

13(4) Marketable securities

・・・・・・・・・・

14

３ Non-performing loans
４ Overhead expenses・Credit cost・・・・・・・・・・

15

・・・・・・・・・・

15

５ Capital adequacy ratio
６ Projections

・・・・・・・・・・

16

・・・・・・・・・・

16

4banks' total : Simple total of The Bank of Fukuoka,The Kumamoto Bank,The Shinwa Bank and The
Eighteenth Bank (non-consolidated).
Comparison is difference of 4 banks' simple total between the FY2019 and the FY2018.
The Sinwa Bank + The Eighteenth Bank : Simple total of The Shinwa Bank and The Eighteenth Bank
(non-consolidated).

This report contains forward-looking statements and other forward-looking information relating
to the company (the “forward-looking statements”). The forward-looking statements are nothistorical facts and include, reflect or are otherwise based upon, among other things, thecompany’s current estimations, projections, views, policies, business strategies, targets,
expectations, assumptions and evaluations with respect to general economic conditions, theresults of operations, the financial condition, the company’s management in general and otherfuture events. Accordingly, they are inherently susceptible to uncertainties, risks and changes
in circumstances and are not guarantees of future performance.
Some forward-looking statements represent targets that the company’s management will strive
to achieve through the successful implementation of the company’s business strategies. The
company may not be successful in implementing its business strategy, and actual results may
differ materially, for a wide range of possible reasons.
-7-

Fukuoka Financial Group,Inc.

1．Gain and loss
FFG
(consolidated)

4 banks’ total(¥ mil.)
FY2019FY2018Comparison

Gross business profit
Net interest income
Domestic
International
Net fees and commissions
Net trading income
Net other operating income
Gains (losses) on sales (redemptions) of bonds
Overhead expenses (-)

201,256
178,439
168,888
9,551
20,978
7
1,829
(693)

206,838
182,070
173,038
9,032
21,754
6
3,006
1,014

123,078

Business profit (bef ore transf er to general reserv e f or possible loan losses)

78,177①

FY2019(5,582)(3,631)(4,150)519(776)
1(1,177)(1,707)222,055
174,312
164,912
9,399
31,276344
16,122(709)

121,912

1,166

155,256

84,925(6,748)66,79960,002(531)

60,53362,451Business profit

18,17485,456(67,282)4,348Core business profit

78,871

83,910(5,039)67,50878,562(9,738)
1,371
1,858

83,768
601
5,624
5,699

(5,206)(10,339)(4,253)(3,841)

67,104(9,598)
3,834
4,323

Transfer to general reserve for possible loan losses (-)

Core business profit (excluding gains (losses) on cancellation of investment trusts)

Other operating profit (loss)② Credit cost for disposal of non-performing loans (-)
Net transfer to specific reserve for possible loan losses (-)

875

797

78

882

61,374
(113)

5,092
6,489

56,282(6,602)

66,285
2,227

Recoveries of written-off claims

Total credit cost ① +② (-)
Gains (losses) on stocks
OthersOrdinary profit
Extraordinary profit (loss)
Impairment loss on fixed assets (-)
Income (loss) before income taxes
Total income taxes (-)
Net income(8,253)(263)(7,990)(7,991)

8,436(11,026)
10,638(2,590)86,058(714)
361
85,343(77,622)(10,312)
10,277(87,933)(5,250)113,4823,414
108,231(5,279)23,079(28,358)(2,353)

2,689

62,264(59,575)

110,585(22)

Net income attributable to non-controlling interests (-)

110,607

Net income attributable to owners of the parent<Notes> The notes described below are also applied to subsidiary banks (p9-10).
1. “( )”denotes minus.
2. Core business profit= Business profit + Transfer to general reserve for possible loan losses－ Gains (losses) on sales (redemptions) of bonds

Reference（¥ bil.）

FY2019FY2018Comparison

Net income（4 banks’ total）

2.7

62.3

(59.6)

Gains on negative goodwill

117.4

－

117.4

FFG non-consolidated(16.1)

(8.5)

(7.6)

Profit (loss) of subsidiary companies

1.7

2.9

(1.2)

Other consolidation adjustments

4.9

(0.8)

+5.6

110.6

55.9

+54.7

FFG’s consolidated for the quarter net
profit **For the FY2018, consolidated financial results of the Eighteenth Bank
was added to FFG’s consolidated financial results (3 banks)■Summary
Core business profit(4 banks’ total)

Gain and Loss

¥78.9 billion(¥ bil.) Core business profit decreased ¥5.0 billion from a year earlier to ¥78.9 billion mainly due
to a decrease of net interest income from domestic operations.

Credit cost (4 banks’ total)

Net income
attributable toowners of the parent¥61.4 billion ¥61.4billion was transferred to credit cost mainly due to the adoption of forward-looking
reserve estimates, reserve to prepare for possible impact of the coronavirus pandemic,
and reserve standards unified after the Eighteenth Bank’s business integration into thegroup.
 Net income (4 banks’ total)¥2.7 billion

 Net income stood at ¥2.7 billion as a result of the above credit cost and an impairment
loss (¥10.6 billion) on fixed assets posted after integrating branches of the Sinwa Bankand the Eighteenth Bank.

Net income attributableto owners of the parent

FY2019FY2018Core business profit(4 banks’ total)
83.9

81.6

*

110.6

78.9
55.9

*

¥110.6 billion

 As a result of posting gains on negative goodwill (¥117.4 billion) related to the businessintegration, net income attributable to owners of the parent increased 54.7 billion from ayear earlier to ¥110.6 billion.

-8-

Consolidated
ordinary
profit(5.3)*For the FY2018, consolidated financial results of the Eighteenth Bank
was added to FFG’s consolidated financial results (3 banks)

Fukuoka Financial Group,Inc.

The Bank of Fukuoka (non-consolidated)(¥ mil.)
FY2019FY2018Comparison

Gross business profit
Net interest income
Domestic
International
Net fees and commissions
Net trading income
Net other operating income
Gains (losses) on sales (redemptions) of bonds
Overhead expenses (-)

131,292
113,463
105,253
8,210
16,099
7
1,721
(676)

132,878
114,668
106,975
7,692
15,275
6
2,928
1,035

67,74866,810938

Business profit (bef ore transf er to general reserv e f or possible loan losses)

63,544

66,067(2,523)①

Transfer to general reserve for possible loan losses (-)(1,586)(1,205)(1,722)518
824
1(1,207)(1,711)

39,112(172)

39,284

Business profit

24,432

66,240(41,808)

Core business profit

64,22165,032(811)

63,896
(606)
(197)
(192)

64,887
2,522
2,237
2,087

(991)
(3,128)(2,434)(2,279)Core business profit (excluding gains (losses) on cancellation of investment trusts)

Other operating profit (loss)② Credit cost for disposal of non-performing loans (-)
Net transfer to specific reserve for possible loan losses (-)
Recoveries of written-off claims

Total credit cost ① +② (-)
Gains (losses) on stocks
OthersOrdinary profit
Extraordinary profit (loss)
Impairment loss on fixed assets (-)
Income (loss) before income taxes
Total income taxes (-)
Net income

364

369

(5)

38,914
1,538

2,064
5,080

36,850(3,542)(2,342)(320)(2,022)

23,825(238)
110
23,586

68,762(265)－
68,497(44,937)27
110(44,911)

4,488

18,189(13,701)

19,09850,308(31,210)The Kumamoto Bank (non-consolidated)(¥ mil.)
FY2019FY2018Comparison

Gross business profit
Net interest income
Domestic
International
Net fees and commissions
Net other operating income
Gains (losses) on sales (redemptions) of bonds
Overhead expenses (-)

18,685
17,833
17,792
40
790
61
(3)

19,36017,937
17,875
62
1,372
50
(10)

(675)
(104)
(83)
(22)
(582)
11
7

13,574

13,864(290)

Business profit (bef ore transf er to general reserv e f or possible loan losses)

5,110

5,496

(386)

①

5,758

(561)

6,319

(648)

6,057

(6,705)

5,114
5,114
(2,455)
996
952

5,506
5,506
(1,522)
1,391
1,413

(392)
(392)
(933)
(395)
(461)

Transfer to general reserve for possible loan losses (-)

Business profit
Core business profit
Core business profit (excluding gains (losses) on cancellation of investment trusts)

Other operating profit (loss)② Credit cost for disposal of non-performing loans (-)
Net transfer to specific reserve for possible loan losses (-)
Recoveries of written-off claims

Total credit cost ① +② (-)
Gains (losses) on stocks
OthersOrdinary profit
Extraordinary profit (loss)
Impairment loss on fixed assets (-)
Income (loss) before income taxes
Total income taxes (-)
Net income

-9-

58

88

(30)

6,755

829

5,926

154

－

154

(1,613)(131)(1,482)(3,103)(11)
1(3,114)

4,534
(39)
20
4,495

(7,637)28(19)(7,609)(1,187)730(1,917)(1,926)

3,765(5,691)

Fukuoka Financial Group,Inc.

The Shinwa Bank (non-consolidated) + The Eighteenth Bank (non-consolidated)(¥ mil.)
FY2019FY2018Comparison

Gross business profit
Net interest income
Domestic
International
Net fees and commissions
Net other operating income
Gains (losses) on sales (redemptions) of bonds
Overhead expenses (-)

51,27847,14345,843
1,299
4,088
46
(13)

54,59849,464
48,187
1,277
5,105
28
(9)

41,75541,237

518

Business profit (bef ore transf er to general reserv e f or possible loan losses)

9,522

13,361(3,839)①

Transfer to general reserve for possible loan losses (-)(3,320)(2,321)(2,344)22(1,017)18(4)15,131

202

14,929Business profit(5,608)13,158(18,766)Core business profit

9,535
9,552
(6,676)572
1,097

13,371
13,374
(398)
1,995
2,198

(3,836)(3,822)(6,278)(1,423)(1,101)

Core business profit (excluding gains (losses) on cancellation of investment trusts)

Other operating profit (loss)② Credit cost for disposal of non-performing loans (-)
Net transfer to specific reserve for possible loan losses (-)

452

338

114

15,704

2,198

13,506(1,806)

1,408(3,214)(4,297)

188(4,485)(12,285)(10,776)
10,525(23,062)

12,760(409)
341
12,350(25,045)(10,367)
10,184(35,412)(8,580)4,159(12,739)(14,482)

8,190(22,672)

Recoveries of written-off claims

Total credit cost ① +② (-)
Gains (losses) on stocks
OthersOrdinary profit
Extraordinary profit (loss)
Impairment loss on fixed assets (-)
Income (loss) before income taxes
Total income taxes (-)
Net income<Notes> The notes described below are also applied (p8).
Gains (losses) on sales (redemptions) of bonds include gains (losses) on securities-related derivatives recorded by the Eighteenth Bank((¥173 million) in FY2018).

Gain and Loss
The Bank of Fukuoka(non-consolidated)(¥ bil.)The Kumamoto Bank
(non-consolidated)Core businessprofit68.8
65.0

The Shinwa Bank
(non-consolidated)+
The Eighteenth Bank
(non-consolidated)(¥ bil.)(¥ bil.)

64.2

50.3

Ordinary
profitNet
income23.8

Core businessprofitCore businessprofit5.5

4.5

13.4 12.8
8.2

5.1

9.5

3.8

19.1
(3.1)

Ordinary
profit

FY2018FY2019FY2018(1.9)

Net
incomeFY2019-10-

Ordinary
profit

FY2018(12.3)(14.5)Net
incomeFY2019Fukuoka Financial Group,Inc.

2．Assets and liabilities(1) Loans
4 banks’ total
Loans classified by customer segment（Term-end balance）

Loans classified by bank
（Term-end balance）(¥ bil.)7.4%

Annual rateof growth

Personal

Generalcorporate

8.3%¥16.2T¥16.2T¥14.0T

Public7.0%(¥ bil.)2,638.3¥15.0T¥15.0T
3,261.9

4,091.4

The Shinwa Bank+The EighteenthBank¥14.0T

3,851.3
3,605.2

3,221.1

1,616.1

3,640.7

The KumamotoBank

1,314.6

1,534.4

3,528.4

3,566.4

8,552.3

The Bank ofFukuoka

9,512.0

10,816.9

8,209.1

9,897.8

7,880.9

Mar 31,
2018

Mar 31,
2019

Mar 31,
2020

Mar 31,
2018

Mar 31,
2019

Mar 31,2020(¥ mil.)Mar 31, 2020

4 banks' totalchange fromMar 31, 2018
2,236,760
112,292
2,124,469
671,395
1,453,072

Mar 31, 2019

Mar 31, 201815,037,538
3,566,412
11,471,126
8,209,128
3,261,995

14,047,772
3,528,453
10,519,317
7,880,954
2,638,362

Total loans
Personal segment
Corporate segment
General Corporate
Public Sector

8.3%
2.1%
10.2%
4.2%
25.4%

16,284,532
3,640,745
12,643,786
8,552,349
4,091,434

change fromMar 31, 2019
1,246,994
74,333
1,172,660
343,221829,439

Personal loans
Housing loans
Consumer loans

2.3%
2.5%
2.4%

3,541,289
3,151,808
324,258

78,104
77,993
7,518

120,429
113,397
18,8273,463,185
3,073,815
316,740

3,420,860
3,038,411
305,431

9.3%
2.4%
11.3%
4.9%
34.8%

10,816,999
2,295,074
8,521,925
6,312,951
2,208,973

919,156
53,648865,508
295,507570,001

1,304,953
67,3081,237,645
661,486
576,158

9,897,843
2,241,426
7,656,417
6,017,444
1,638,972

9,512,046
2,227,766
7,284,280
5,651,465
1,632,815

3.4%

7,218,078

235,625

397,203

6,982,453

6,820,875

2.6%
2.6%
4.6%

2,227,429
1,980,045
202,566

55,47449,733
8,832

71,02958,577
18,221

2,171,955
1,930,312
193,734

2,156,400
1,921,468
184,345

5.3%
4.4%
5.8%
3.8%
8.6%

1,616,142
499,777
1,116,365645,690
470,674

81,71721,00260,71523,58037,135

301,539
44,168257,371
40,535
216,835

1,534,425
478,775
1,055,650
622,110433,539

1,314,603
455,609858,994605,155
253,8395.2%

1,187,493

58,839103,704

1,128,654

1,083,789

4.9%
6.0%
0.5%

478,526
441,750
31,61422,35825,090153

47,352
48,923
1,115

456,168
416,660
31,461

431,174
392,827
30,4996.8%(0.0%)
8.9%
1.5%
18.7%

3,851,391
845,894
3,005,496
1,593,708
1,411,787

246,121(317)
246,437
24,134
222,303630,268816
629,453(30,626)
660,079

3,605,270
846,2112,759,059
1,569,574
1,189,484

3,221,123
845,078
2,376,043
1,624,334
751,708

1.4%

2,228,609

31,335(84,868)

2,197,274

2,313,477

0.0%
0.4%
(1.6%)

835,334
730,01390,078272
3,170(1,467)

2,048
5,897
(509)

835,062
726,843
91,545833,286
724,116
90,587annual rateof growth

Total loans
Personal segment
Corporate segment
General Corporate
The Bank of Fukuoka
Public Sector(non-consolidated)Fukuoka prefecture
Personal loans
Housing loans
Consumer loans
Total loans
Personal segment
Corporate segment
General Corporate
The Kumamoto Bank
Public Sector(non-consolidated)
Kumamoto prefecture
Personal loans
Housing loans
Consumer loans
Total loans
Personal segment
Corporate segment
The Shinwa Bank
General Corporate(non-consolidated)
Public Sector+
The Eighteenth Bank Nagasaki prefecture(non-consolidated)
Personal loans
Housing loans
Consumer loans<Note> The term-end balance of loans includes loans granted by the Bank of Fukuoka to FFG (¥126.5 billion at the end of March 2018, ¥129.5 billion at the end of
March 2019, ¥123.3 billion at the end of March 2020).

-11-

Fukuoka Financial Group,Inc.

(2) Deposits
4 banks’ total
Deposits and CDs classified by customer segment(Term-end balance)

Deposits and CDs classified by bank
(Term-end balance)(¥ bil.)Annual rateof growth
CDs

Personal

Corporate

3.6%

1.4%
¥16.9T
350.7¥16.7T
380.1

11,190.9

11,397.8(¥ bil.)3.6%¥17.5T
383.7

11,787.8

5,190.2

5,242.6

5,426.3

Mar 31,
2018

Mar 31,
2019

Mar 31,2020¥17.5T¥16.7T¥16.9T

4,906.8

4,914.1

5,015.8

The KumamotoBank

1,445.8

1,419.5

1,439.0

The Bank ofFukuoka

10,408.5

10,657.5

11,143.0

Mar 31,
2018

Mar 31,
2019

Mar 31,
2020

The Shinwa Bank+The EighteenthBank(¥ mil.)Mar 31, 2020
annual rateof growth

Personal deposits
Corporate deposits
Total
Demand
Time

3.4%
3.5%
3.4%
6.1%
(2.0%)

CDs

9.4%

383,725

33,0083,533

350,717

380,192

Deposits and CDs

3.6%

17,597,954

606,743836,583

16,991,211

16,761,371

Personal deposits
Corporate deposits
Total
DemandThe Bank of Fukuoka
Time(non-consolidated)

4.3%
5.2%
4.6%
6.4%
0.4%

7,393,979
3,533,729
10,927,709
7,787,328
3,140,380

304,347
176,184
480,531466,826
13,705472,958
271,647
744,605
884,863(140,258)

7,089,632
3,357,545
10,447,178
7,320,502
3,126,675

6,921,021
3,262,082
10,183,104
6,902,465
3,280,638

4 banks' total

11,787,833
5,426,393
17,214,229
11,948,558
5,265,670

change from change from Mar 31, 2019 Mar 31, 2018
Mar 31, 2019 Mar 31, 2018389,946596,927
11,397,887
11,190,906
183,791
236,123
5,242,602
5,190,270
573,737
833,051
16,640,492
16,381,178
682,607
1,261,406
11,265,951
10,687,152(108,869)(428,355)
5,374,539
5,694,025

CDs

2.4%

215,364

4,978(10,117)

210,386

225,481

Deposits and CDs

4.6%

11,143,073

485,509734,488

10,657,564

10,408,585

Fukuoka prefecture

3.9%

10,113,591

375,261

660,222

9,738,330

9,453,369

Personal deposits
Corporate deposits
Total
DemandThe Kumamoto BankTime
(non-consolidated)

1.4%
1.8%
1.5%
7.0%
(5.9%)

1,073,825
364,275
1,438,101
871,908
566,193

15,271
6,464
21,73557,232(35,496)

6,992
7,040
14,033
97,783(83,750)

1,058,554
357,811
1,416,366
814,676
601,689

1,066,833
357,235
1,424,068
774,125
649,943

CDs(69.8%)

946(2,190)(20,875)

3,136

21,821

Deposits and CDs

1.4%

1,439,047

19,545(6,843)

1,419,502

1,445,890

Kumamoto prefecture

1.6%

1,353,725

21,22817,0191,332,497

1,336,706

Personal deposits
Corporate deposits
The Shinwa Bank Total(non-consolidated)
Demand+Time
The Eighteenth Bank
CDs
(non-consolidated)
Deposits and CDs

2.2%
0.1%
1.5%
5.1%
(5.3%)

3,320,029
1,528,389
4,848,419
3,289,322
1,559,097

70,3281,143
71,471
158,549(87,078)

116,977(42,564)
74,413
278,760(204,347)

3,249,701
1,527,246
4,776,948
3,130,773
1,646,175

3,203,052
1,570,953
4,774,006
3,010,562
1,763,444

Nagasaki prefecture

22.0%

167,415

30,22034,525

137,195

132,890

2.1%

5,015,834

101,689

108,938

4,914,145

4,906,896

1.4%

4,463,360

60,352

72,6404,403,008

4,390,720-12-

Fukuoka Financial Group,Inc.

(3) Asset management productsGroup’s total
Outstanding balance of assets undermanagement for individual customers

Sales of asset management products(¥ bil.)*FFG
Securities
Other(Foreign currency deposits+Government bonds)

Individual
insurance(¥ bil.)536.4

Ratio to personal
deposits, including
FFG Securities

58.5
12.7

18.3％

¥2.0T

¥2.1T

251.9
122.5

312.5
100.8

Individual
insurance

1,138.5

1,193.9

Investment
trusts

556.6

533.1

428.1

Mar 31,
2018

Mar 31,
2019

Mar 31,
2020

420.6

*

126.1

105.4

336.9

9.6

59.1
8.8

FFG
Securities
Other

16.4％
¥1.9T
293.1
86.1

(Foreign currency deposits+Government bonds)

129.3
121.0
Investment
trusts18.1％

1,169.0

339.0
176.2

FY2017147.9

FY2018FY2019* Figures of FFG Securities are* Figures of FFG Securities are the total balance

the total sales of investment trusts and bonds.

of individual investment trusts, stocks and bonds.

Outstanding balance of assets undermanagement for individual customers

Sales of asset management products(¥ bil.)Mar 31, 2020

FY2019changefromFY2017

FY2018FY2017(28.3)(191.1)

176.2

339.0

428.1

(105.0)(128.5)

533.1

556.6

121.0

(8.3)

(5.1)

129.3

126.1

1,169.0(24.9)

30.5

1,193.9

1,138.5

5.7

(0.2)

(4.8)

5.9

10.5

32.2

0.0

(4.3)

32.2

36.5

Government bonds

3.0

(0.6)

0.8

3.6

2.2

53.8

(14.8)(32.1)

68.6

85.9

FFG Securities

59.1(46.3)

0.6

105.4

58.5

293.1

(19.4)

41.2

312.5

251.9

Total

336.9

(83.7)(199.5)

420.6

536.4

1,976.5(164.0)(93.1) 2,140.5

2,069.6

16.4%(1.9%)(1.7%)

18.3%

18.1%

Investment trusts

81.3(13.7)(96.6)

95.0

177.9

251.5

(54.3)(63.6)

305.8

315.1

Individual insurance

74.7

9.4

9.9

65.3

64.8

673.5

(1.7)

29.2

675.2

644.3

Foreign currency deposits

4.5

(0.2)

(3.4)

4.7

7.9

24.0

0.3

(2.6)

23.7

26.6

Government bonds

2.1

(0.3)

0.6

2.4

1.5

39.9

(12.3)(27.1)

52.2

67.0

162.8

(4.8)

(89.4)

167.6

252.2

989.0

(68.0)(64.1) 1,057.0

1,053.1

13.4%(1.5%)(1.8%)

Ratio to personal deposits

14.9%

15.2%

Investment trusts

23.3

(6.1)

(32.7)

29.4

56.0

58.1

(17.2)(21.9)

75.3

80.0

Individual insurance

14.2

(0.9)

(3.5)

15.1

17.7

141.9

(5.5)

0.4

147.4

141.5

Foreign currency deposits

0.5

0.4

0.4

0.1

0.1

2.4

0.1

(0.1)

2.3

2.5

Government bonds

0.0

0.0

0.0

0.0

0.0

1.0

(0.3)

(0.4)

1.3

1.4

Total

38.1

(6.7)

(35.9)

44.8

74.0

203.5

(22.8)(22.0)

226.3

225.5

19.0%

(2.4%)(2.1%)

21.4%

21.1%

(42.9)

151.9

161.4
352.6

Ratio to personal deposits

The Shinwa Bank
(non-consolidated)+
The Eighteenth Bank
(non-consolidated)

Mar 31, 2019 Mar 31, 2018

147.9

Total

The Kumamoto Bank
(non-consolidated)

Change fromMar 31, 2018

Individual insurance

Ratio to personal deposits

The Bank of Fukuoka(non-consolidated)

Change fromMar 31, 2019

Investment trusts

Foreign currency deposits
Group's totalchange from
FY2018Investment trusts

43.1

(8.5)

(61.8)

51.6

104.9

118.5

(33.4)

Individual insurance

32.0(16.8)(11.5)

48.8

43.5

353.6

(17.7)

1.0

371.3

Foreign currency deposits

0.6

(0.4)

(1.7)

1.0

2.3

5.7

(0.4)

(1.6)

6.1

7.3

Government bonds

0.9

(0.2)

0.3

1.1

0.6

12.8

(2.2)

(4.7)

15.0

17.5

Total

76.7

(26.0)(74.8)

102.7

151.5

490.7

(53.8)(48.2)

544.5

538.9

14.8%

(2.0%)(2.0%)

16.8%

16.8%

Ratio to personal deposits<Notes> 1. The sales of investment trusts include those to corporate customers, but the others are the sales only to individuals.
2. The sales of individual insurance don’t include level premium insurance besides prepaid contracts.

-13-

Fukuoka Financial Group,Inc.

(4) Marketable securities
FFG (consolidated)
Bond duration

Unrealized gain

（years）(¥ bil.)• 4 banks’ total, after considering hedges• Including marketable securities held to maturity¥3.7T
Balance of
securities¥3.1T

Foreign bonds
and others

168.0
0.8

Domestic bonds

54.7

 Foreign bonds

153.4
10.0

2.78

2.81

2.05

2.26

30.9

3.56
92.9
3.2
38.7

79.8

112.3

Sep 30,
2018

74.9

69.2

Mar 31,2019

Sep 30,2019

3 banks’ basis

4.33

3.75

179.9

68.4
Stocks

¥3.7T

¥2.8T

3.27

Domestic bonds

50.9
Mar 31,
2020

Sep 30,2018

4 banks’ basis

Mar 31,2019

Sep 30,2019

3 banks’ basis

Mar 31,2020

4 banks’ basis(¥ mil.)Mar 31, 2020
Market value(54,937)

899,942

92,950(87,034)(60,529) 3,782,311

179,984

2,827,432

153,479

142,115(16,858)(107)

50,996(18,213)(23,930)

158,973

69,209142,22274,9262,720,121(145,051)

514,00338,747(41,071)(29,717) 2,865,172

79,8182,206,118

68,464

National government bonds

1,968,645(50,486)

384,608

36,484(36,367)(25,509) 2,019,131

72,851

1,584,037

61,993

Local government bonds

162,451

14,856

83,629

138

(659)

(684)

147,595

797

78,822822

Corporate bonds

589,024(109,420)

45,766

2,124(4,045)(3,524)

698,4446,169

543,258

5,648

865,138

106,973

386,048

3,205(27,751)(6,883)758,165

30,956

479,090

10,0882,320,590

58,439278,551

89,140(55,484)(40,545) 2,262,151

144,624

2,042,039

129,685

Foreign bonds and Others
Total

111,494(8,489)(14,704)

50,286(13,049)(19,114)

119,983

63,335

126,198

69,4001,544,085(45,872)

107,335

29,914(28,929)(20,282) 1,589,957

58,843

1,436,750

50,196

National government bonds

1,144,017

14,035

184,459

28,266(26,540)(17,859) 1,129,982

54,806

959,558

46,125

Local government bonds

73,53013,806

18,772

121

(335)

(390)

59,724456

54,758511

Corporate bonds

326,537(73,712)(95,895)

1,526(2,054)(2,033)400,249

3,580

422,432

3,559

Foreign bonds and Others

665,010

112,800

185,920

8,939(13,506)(1,149)552,210

22,445

479,090

10,088

158,625(32,967)(38,292)

3,335(2,125)(2,353)

191,592

5,460

196,917

5,688

1,638

(414)

(636)

686

(414)

(636)

2,052

1,100

2,274

1,322

156,986(32,553)(37,656)

2,649(1,710)(1,716)

189,539

4,359

194,642

4,365

National government bonds

129,888(17,076)(18,849)

2,284(1,600)(1,538)146,964

3,884

148,737

3,822

Local government bonds

1,262

87

137

14

(4)

(7)

1,175

18

1,125

21

Corporate bonds

25,835(15,564)(18,944)

350

(106)

(171)

41,399456

44,779

521

－

－

－

－

－

－

－

－

－

－

1,249,344(80,915)(52,381)

38,494(30,518)(7,692) 1,330,259

69,012

1,301,725

46,18630,167(8,463)(8,403)

9,636(4,146)(3,018)38,63013,782

38,57012,654

1,019,048(66,626)(29,271)

24,393(12,206)

1,240

1,085,674

36,5991,048,319

23,153National government bonds

694,738(47,445)(8,988)20,550(9,626)3,194

742,183

30,176

703,726

17,356

Local government bonds

87,657963(1,344)

1,322

(490)

(647)

86,694

1,812

89,001

1,969

Corporate bonds

236,651(20,144)(18,939)2,518(2,091)(1,308)

256,795

4,609

255,590

3,826

Foreign bonds and Others

200,126(5,828)(14,709)

4,463(14,168)(5,915)205,954

18,631

214,835

10,378StocksDomestic bonds

Total
StocksThe KumamotoBank(non-consolidated)

Domestic bonds

Foreign bonds and Others
Total

The Shinwa Bank
(non-consolidated)+
The EighteenthBank(consolidated)change fromMar 31, 2019

Unrealized
Unrealized
Market valuegain(loss)
gain(loss)

3,727,374

Domestic bonds

change fromSep 30, 2019Market valuechange fromMar 31, 2019

StocksThe Bank ofFukuoka(consolidated)

Unrealizedgain(loss)

Mar 31, 2019change fromSep 30, 2019

Total

FFG
(consolidated)

Sep 30, 2019

StocksDomestic bonds-14-

Fukuoka Financial Group,Inc.

3．Non-performing loans（Direct write-off is adopted）
4 banks’ total(¥ mil.)(¥ bil.)Mar 31, 2020 change fromSep 30, 2019272,744

NPLs under the FRLchange from Sep 30, 2019 Mar 31, 2019
Mar 31, 2019

8,419

6,120

264,325

38,930

7,552

12,412

31,37826,518

Doubtful

147,654(13,246)(21,794)

160,900

169,448

Substandard

86,156

14,116

15,50372,04070,653

1.66%

0.03%

(0.10%)

1.63%

1.76%

The Bank of Fukuoka(non-consolidated)

1.76%

1.63%

262.7

266.6

264.3

Substandard

69.6

70.7

72.0

86.2

Doubtful

170.3

169.4

160.9

147.7

Bankrupt andQuasi-bankrupt

22.8

26.5

31.4

38.9

Sep 30,2018

Mar 31,2019

Sep 30,2019

Mar 31,
2020

NPL ratio

266,624

Bankrupt and Quasi-bankrupt

Ratio of NPLs under the FRL
to the total credits

1.77%

1.61%

1.58%

1.45%

1.41%

155.7

157.3

154.4

153.5

Substandard

41.2

41.9

42.1

49.2

Doubtful

Bankrupt andQuasi-bankrupt

99.2

101.0

92.8

16.3

19.5

25.7

Sep 30,2018

Mar 31,2019

Sep 30,2019

Mar 31,2020(¥ bil.)(¥ bil.)

2.20%

78.6

13.5

272.7

The Shinwa Bank
(non-consolidated)+
The Eighteenth Bank
(non-consolidated)

The Kumamoto Bank
(non-consolidated)(¥ bil.)

NPL ratio

1.66%

2.14%

2.20%

2.26%

2.03%

2.09%

74.4

76.2

75.4

20.3

20.1

20.4

25.9

47.8

48.4

46.4

47.1

2.12%

1.91%

82.5

32.6
8.1

33.1
8.7

34.5

36.8

9.5

11.1

21.6

21.8

21.6

21.9

2.9

2.7

3.4

3.8

6.3

7.6

8.5

9.4

Sep 30,2018

Mar 31,2019

Sep 30,2019

Mar 31,
2020

Sep 30,2018

Mar 31,2019

Sep 30,2019

Mar 31,2020

4．Overhead expenses・Credit cost
4 banks’ total
Overhead expenses・OHR

Composition of credit cost(¥ bil.)

60.7%
OHR

58.9%

(¥ bil.)

61.2%

61.4

Related to business integration
Related to coronavirus pandemic

123.8

121.9

123.1

Tax

10.6

10.5

10.9

Generalexpenses

53.3

53.2

Personnel
expenses

Change in estimates（forward-looking reserve estimates）

6.5
8.7
Special factors

59.9

FY201758.2

FY2018

5.1

55.0

57.2

FY2019

0.5
1.5
15.1

Declining
Collateral value(12.0)

Redemption
etc .

FY2018-15-

Bankruptcies

Fluctuation ofborrowers’
credit rating

41.8
0.9
1.4
13.4
(11.4)FY201957.0

Excludingspecial factors

4.4

Fukuoka Financial Group,Inc.

5．Capital adequacy ratio
The Domestic standard

FFG（consolidated)Consolidated capital adequacy ratio: 10.69%.

Capital adequacy on its structure based on Pillar 3, market discipline, is disclosed on our website(https://www.fukuoka-fg.com/investor/library/earnings.html). (This information is Japanese only.)(¥ mil.)Mar 31, 2020[preliminary]

Change fromSep 30, 2019

Change fromMar 31, 2019

Sep 30, 2019 Mar 31, 2019

①Total capital ratio ④／⑤

10.69%(0.17%)

0.46%

10.86%

10.23%②Core capital

834,834(32,911) 143,687

867,745

691,147③Deduction

19,296(6,303)(5,145)25,59924,441④Total capital ②-③

815,537(26,608) 148,831

842,145666,706⑤Risk adjusted assets

7,627,557(123,593) 1,114,194

7,751,150

6,513,363

6．Projections
 The tables presented below show our business performance forecast for FY2020,the second year of the Sixth Mid-Term Management
Plan.

FFG（consolidated)(¥ bil.)FY2020
Projection

FY2019Results

Interim
Projection

Consolidated ordinary profit

56.0

30.5

(5.3)

FFG(consolidated)Net income

40.0

20.5

110.6
(¥ bil.)FY2020
Projection

FY2019Simple total

Net income(3 banks' total)

54.7

2.7

Consolidation adjustments(14.7)

107.9

Negative goodwill gain

－

117.4

FFG(consolidated)Net income

40.0

110.6

<Reference>・Projections on a subsidiary basis are as follows.

(¥ bil.)FY2020（Projection）
3 banks' total

The Bank of Fukuoka

The Kumamoto Bank

FY2019Comparison

4 banks' total

The Eighteenth Shinwa BankCore business profit

78.6

67.0

4.2

7.4

(0.3)

78.9

Ordinary profit

70.8

70.0

3.1

(2.3)

62.4

8.4

Net income

54.7

51.9

2.6

0.2

52.0

2.7

Credit cost (-)

5.8

3.5

0.8

1.5

(55.6)

61.4<Note> As of October 1, 2020, the Shinwa Bank and the Eighteenth Bank are merged. The merged bank is named the Eighteenth Shinwa Bank. The fullyear figures of the Eighteenth Shinwa Bank was obtained by simple addition of figures of the Eighteenth Shinwa Bank after the merger and interim figures of
the Shinwa Bank and the Eighteenth Bank.
(¥ bil.)FY2020 Interim（Projection）
4 banks' total

FY2019 Interim

The Bank of Fukuoka The Kumamoto BankThe Shinwa Bank The Eighteenth Bank

2 banks' total

Comparison

4 banks' total

Core business profit

40.6

34.2

2.0

1.8

2.5

4.3

1.1

39.5

Ordinary profit

37.7

35.6

1.4

0.0

0.7

0.7

1.6

36.1

Net income

28.3

26.2

1.2

0.2

0.7

0.9

8.6

19.7

Credit cost (-)

2.9

1.8

0.4

0.4

0.4

0.8

1.7

1.2

<Note> The projections above were determined based on available information at present, and therefore they may be subject to change.

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