IR Information

A4-size Print this page

About the use of the sound reading



November 21, 2000
The Sakura Bank, Limited


Q1.
As for the loan forgiveness in the interim term, how many companies and how much amount did Sakura forgive loans to? What are the names of the companies?
A1.
We forgave loans to two companies with the total amount of JPY 0.2 billion. We do not disclose the names of the companies.
Q2.
How much amount was Sakura influenced by the external-standard-tax of Tokyo and Osaka local governments?
A2.
The tax amount for Tokyo is estimated at JPY 4.3 billion in this interim term and JPY 8.5~8.6 billion in FY 2000.
The tax for Osaka decreased the amount of deferred tax assets by JPY 5.8 billion. The amount of taxes for FY 2001 and after is estimated at JPY 1.9 ~2.0 billion, depending on gross operating profit.
Q3.
How much equity portfolio did Sakura sell in the interim term?
A3.
We sold approximately JPY 70 billion of equity.
Q4.
How much amount was Sakura influenced by zero interest revocation?
A4.
In the interim term we enforced the ALM operation considering zero interest revocation. Generally the amount effected in our P/L was slight, and roughly speaking, the amount for the interim term was around minus JPY 1.0 billion, and for FY 2000, it would be minus JPY 5.0~6.0 billion.
Q5.
What was the reason for the increase of credit costs in the interim term?
A5.
The main reason was the addition to reserve for possible losses from loans sold to CCPC in order to decrease risks in the following years. The Civil Rehabilitation Law also influenced loan losses.
Q6.
What is the reason for the increase of credit costs in FY 2000?
A6.
In order to control of the credit cost within JPY 200 billion as the new bank after the merger, we add reserve conservatively and preventively. We also add reserve for possible losses from loans sold to CCPC to decrease in risks in the following years.
Q7.
How much amount was Sakura's credit costs influenced by land price falls in the Interim term?
A7.
In rough estimation, the amount was around JPY 10 billion or above.
Q8.
What was the reason for the much decrease in unrealized gain of securities?
A8.
The reasons were the depressed stock market and the negative reaction of large rise in our portfolio value at the end of FY 1999 as well.
Q9.
What was the reason for much increase in loan to real state industry?
A9.
It was basically because of a technical factor, review of customers' "industry code", and transfers from other categories. It was not a result of providing new loans.
Q10.
What was the reason for much decrease in expense? Did Sakura decrease the IT investment?
A10.
Due to the reduction in the number of employees and the review of non-personnel expenses based on our restructuring plan. The amount of the IT investment in the interim term was around JPY 20 billion or above, and we did not decrease it. We will continue appropriate investment.
Q11.
How much amount do you estimate for gain or losses on bond in the second half of FY 2000?
A11.
We estimate some negative figures.
Q12.
How much amount was the Bulk Sales in the interim term? How about the plan for the second half?
A12.
In the interim term, it was approximately JPY 150 billion, including claims of the Bank, loans sold to CCPC, and claims of affiliate non banks as the second stage of the Bulk Sales. As for the plan for the second half, we do not disclose the figure because we are in the process of negotiation with customers.
Q13.
How much amount was the Bulk Sales for FY 1999 and the interim term for FY 1999?
A13.
Including those of group companies, it was JPY 70 billion for FY 1999 and JPY 3.5 billion for interim term of FY 1999.




Return to Top of Page