Japan's Six Major Banking Groups Improved Performance In Fiscal 2010, But Profitability Remained Low, Says S&P Report May 11
Standard & Poors, May 2011
Abstract
TOKYO (Standard & Poor's) May 23, 2011--The performance of Japan's six major banking groups rated by Standard & Poor's Ratings Services improved in fiscal 2010 (ended March 31, 2011) from a relatively weak fiscal 2009, Standard & Poor's said in a report published today. The consolidated net profits of the six groups jumped over 50%. However, their profitability remained modest with ROA (return on assets) at 0.3%. The current loan loss provision level provides a limited buffer for them to deal with potentially more unexpected impact from the earthquake that hit on March 11. For their fiscal 2010 results, the major banking groups only recognized limited direct impact from the earthquake largely because direct exposure to the damaged Tohoku region...
Companies mentioned in this report are:
- Mitsubishi UFJ Financial Group Inc.
- Sumitomo Mitsui Trust Bank Ltd.
- Chuo Mitsui Trust & Banking Co. Ltd.
- Resona Bank Ltd.
- Mizuho Financial Group Inc.
- Sumitomo Mitsui Financial Group Inc.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Mitsubishi UFJ Financial Group Inc.
- Sumitomo Mitsui Trust Bank Ltd.
- Chuo Mitsui Trust & Banking Co. Ltd.
- Resona Bank Ltd.
- Mizuho Financial Group Inc.
- Sumitomo Mitsui Financial Group Inc.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
