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Japan's Nontraditional Banks All Post Fiscal First-Half Net Profits For The First TIme Feb 13 Product Image

Japan's Nontraditional Banks All Post Fiscal First-Half Net Profits For The First TIme Feb 13

  • ID: 2417876
  • February 2013
  • Region: Japan
  • Standard & Poors

FEATURED COMPANIES

  • Seven Bank Ltd.
  • Sony Bank Inc.
  • MORE

Abstract
The first half of fiscal 2012 (April 1-Sept. 30, 2012) marked the first time that all nine of Japan's nontraditional banks booked net profits in the first half of a fiscal year (see tables 1a and 1b). The parent organizations of the nine are made up of corporations, financial institutions, and a local government. Out of the nine, six of them improved their yields on interest-earnings assets from the previous year owing to growth in the volume of outstanding loans. In addition, some banks increased the proportion of high-yielding unsecured consumer loans in their asset composition. Financing yields fell at all but one bank. However, in Standard & Poor's Ratings Services' opinion, the degree by which financing yields dropped differed...

Companies mentioned in this report are:
- Sony Bank Inc.
- Seven Bank Ltd.

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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.

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