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From FY 2016 till FY 2018May 26, 2015
Medium-Term Business Plan Summary
Medium-Term Business Plan Vision:
Aim to be a provider of unique financial services not constrained by existing paradigms
In May 2015, the J Trust Group formulated a Medium-Term Business Plan covering the periodfrom April 2015 to March 2018. Aiming for continuous profit growth driven by our bankingbusinesses in South Korea and Southeast Asia, we will organically connect businesses and create synergies to provide financial services that transcend existing concepts. Our targetsfor the fiscal year ending March 2018 are for operating revenue of 142.1 billion yen, operating income of 21.7 billion yen, and ROE of 10.0%.
Domestic financial business
＜With the market contracting, we are withdrawing from the unsecured loan business and concentrating on credit guarantees for property-based loans and servicer businesses.＞
- Significant downsizing of unsecured loan business sent management team from Japan to rebuild Bank JTrust Indonesia.
- Credit guarantee business focusing on credit guarantees for property-based loans.
- Servicer business growing, backed by top-tier collection capabilities.
Aiming for operating revenue of 11.5 billion yen and operating income of 4.4billion yen in fiscal 2018. Rather than seeking high growth, we are positioning the servicer business as a core business that generates stable profits for the Group.
Financial business in South Korea
＜We are organically integrating our capital company, saving banks, and receivable collection company to provide comprehensive financial services for the entire South Korean market.＞
- Infrastrusture for comprehensive services in place.
- Seeking to become the No.1 savings bank with a focus on quality customers.
By maximizing Group synergies and expanding our comprehensive financial services, the financial business in South Korea is targeting operating revenue of 63.2 billion yen and operating income of 8.3 billion yen in fiscal 2018.
Financial business in Southeast Asia
＜We are revitalizing Bank JTrust Indonesia to offer diverse financial services in Southeast Asia, a region experiencing remarkable economic growth.＞
- Acquisition of 99.997% of the shares of Bank Mutiara (currently Bank JTrust Indonesia) gave us a "platinum ticket" to operate a banking business in Indonesia.
- Sent management team from Japan to rebuild Bank JTrust Indonesia.
- Aiming to expand the business in Indonesia, with a population of 250 million and 80 million potential customers.
With a focus on banking operations in Indonesia, the financial business in Southeast Asia is targeting operating revenue of 30.3 billion yen and operating income of 5.3 billion yen in fiscal 2018.
Progress with Medium-Term Business Plan
|Domestic financial business||Operating revenue||12.0 billion yen||10.1 billion yen||11.1 billion yen||11.5 billion yen||-1%|
|Operating profit||2.5 billion yen||4.3 billion yen||4.0 billion yen||4.4 billion yen||+21%|
|Operating asset*Note 1||36.5 billion yen||53.3 billion yen||75.6 billion yen||1,100.3 billion yen||+40%|
|Financial Business in South Korea||Operating revenue||18.7 billion yen||25.5 billion yen||40.8 billion yen||63.2 billion yen||+50%|
|Operating profit||-5.2 billion yen||0.5 billion yen||5.5 billion yen||8.3 billion yen||+82%
|Operating asset *Note 1||190.7 billion yen||204.2 billion yen||320.0 billion yen||400.0 billion yen||+28%|
|Financial Business in Southeast Asia||Operating revenue||－||12.2 billion yen||22.9 billion yen||30.3 billion yen||+59%
|Operating profit||－||-1.7 billion yen||3.2 billion yen||5.3 billion yen||+88%
|Operating asset||76.0 billion yen||85.4 billion yen||166.3 billion yen||215.2 billion yen||+41%|
|General entertainment business||Sales||15.1 billion yen||16.5 billion yen||14.9 billion yen||14.8 billion yen||-1%|
|Operating profit||0.9 billion yen||-0.9 billion yen||1.1 billion yen||1.1 billion yen||+7%|
|Real estate business||Sales||7.5 billion yen||6.2 billion yen||7.1 billion yen||8.0 billion yen||+2%|
|Operating profit||0.5 billion yen||0.5 billion yen||0.6 billion yen||0.7 billion yen||+12%|
|Other non-financial business||Sales||0.7 billion yen||4.0 billion yen||7.0 billion yen||10.2 billion yen||+144%|
|Operating profit||-0 billion yen||1.6 billion yen||3.0 billion yen||0.5 billion yen||－|
|Operating revenue||63.2 billion yen||74.7 billion yen||107.5 billion yen||142.1 billion yen||+31%|
|Operating profit||-5.2 billion yen||2.1 billion yen||15.1 billion yen||21.7 billion yen||+70%
|Operating profit ratio||－||2.9%||14.0%||15.3%|
|EPS (yen)||86 yen||-0.88 yen||116 yen||164 yen||+24%|
- 1.Excluding principal balance of purchased receivables in receivable collection business (operating assets in domestic financial business refer to size of guarantees:
- 2.After consolidation adjustment
- 3.CAGR from FY2016 till FY 2018