<\/p>\n
Net gains from sales of securities jumped over 800% over the period.<\/p>\n
Japan\u2019s Norinchukin Bank saw its profits rise to JPY63.6b (approximately $405.77m) for the fiscal year of 2023, JPY12.6b ($80.38m) higher than a year earlier, its latest financial results showed.<\/p>\n
Ordinary profits tripled to JPY134.2b for the whole year, which is a JPY93.7b ($597.8m) rise from FY2022\u2019s ordinary profits of JPY40.4b ($257.7m).<\/p>\n
The jump can be attributed to higher net income and higher gains from sales of securities. Net income was JPY59.9b ($382.16m) for FY2023, a JPY16.6b ($105.9m) increase from a year ago.<\/p>\n
Net gains on sales of securities jumped to JPY655.1b (almost $4.18b) for FY2023, versus just JPY72.7b ($463.82m) a year ago.<\/p>\n
Consolidated Total Assets at the end of the fiscal year rose to JPY99.8t (636.72b) from a year ago, and total assets of the bank rose to JPY96.42t ($615.16b). However, total net assets fell by over a trillion yen to JPY4.44t ($28.32b) as of March 2024.<\/p>\n
Deposits dipped to JPY64.41b ($410.8m), a decrease of JPY199.3b from FY2022.<\/p>\n
Tier 1 Capital fell to JPY5.607t as of March 2024, over 1 trillion yen lower than the JPY6.65t as of end March 2023. Common Equity Tier 1 Capital (CET1) is also lower by over a trillion yen, at KPY4.35t as of March 2024. Tier 1 capital ratio and total capital ratio fell to 21.18% and 21.23%, respectively, over the same period of comparison.<\/p>\n
<\/p>","protected":false},"excerpt":{"rendered":"
Net gains from sales of securities jumped over 800% over the period. Japan\u2019s Norinchukin Bank saw its profits rise to JPY63.6b (approximately $405.77m) for the fiscal year of 2023, JPY12.6b ($80.38m) higher than a year earlier, its latest financial results showed. Ordinary profits tripled to JPY134.2b for the whole year, which is a JPY93.7b ($597.8m) […]<\/p>\n","protected":false},"author":1,"featured_media":1751,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1750","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bez-rubriki"],"featured_image_src":{"landsacpe":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/The-Norinchukin-Bank-44-1140x445.jpeg",1140,445,true],"list":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/The-Norinchukin-Bank-44-463x348.jpeg",463,348,true],"medium":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/The-Norinchukin-Bank-44-300x200.jpeg",300,200,true],"full":["https:\/\/relinvestmentsgroup.com\/wp-content\/uploads\/2024\/06\/The-Norinchukin-Bank-44.jpeg",2000,1332,false]},"_links":{"self":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/comments?post=1750"}],"version-history":[{"count":1,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1750\/revisions"}],"predecessor-version":[{"id":1752,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/posts\/1750\/revisions\/1752"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media\/1751"}],"wp:attachment":[{"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/media?parent=1750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/categories?post=1750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/relinvestmentsgroup.com\/en\/wp-json\/wp\/v2\/tags?post=1750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}