August 18, 2017 3:01 AM ET

Banks

Company Overview of The Norinchukin Bank

Company Overview

The Norinchukin Bank operates as a cooperative financial institution. It offers various banking services, such as accepting deposits and remitting funds. The company also provides financial support for the development of Japan’s agricultural, fisheries, and forestry industries, as well as related cooperative organizations; and financing for corporations. In addition, it offers guidance on business and day-to-day matters for farmers, fishermen, and foresters; marketing and supplying through the sale of agricultural, fisheries, and forestry products, as well as procurement of production materials; and mutual insurance coverage for various unforeseen events. Further, the company provides corpor...

13-2, Yurakucho 1-chome

Chiyoda-ku

Tokyo,  100-8420

Japan

Founded in 1923

Key Executives for The Norinchukin Bank

Chief Executive Officer, President and Director
Co-Chief Executive Officer, Deputy President, Head of Food & Agri Banking Business and Director
GM - Financial Planning & Control Division & Executive Officer
CEO of Nochu Business Support Co Ltd and President of Nochu Business Support Co Ltd
Chief Executive Officer of Ja Mitsui Leasing Ltd and President of Ja Mitsui Leasing Ltd
Compensation as of Fiscal Year 2017.

The Norinchukin Bank Key Developments

The Norinchukin Bank Reports Consolidated and Consolidated Earnings Results for the First Quarter Ended June 30, 2017

The Norinchukin Bank reported consolidated and consolidated earnings results for the first quarter ended June 30, 2017. For the quarter, the consolidated company's ordinary income was ¥425,609 million against ¥399,063 million a year ago. Ordinary Profits was ¥134,913 million against ¥141,979 million a year ago. Income before Income Taxes was ¥134,806 million against ¥141,901 million a year ago. Profit was ¥104,721 million against ¥106,348 million a year ago. Profit Attributable to Owners of Parent was ¥104,503 million against ¥106,149 million a year ago. For the quarter, the non-consolidated company's ordinary income was ¥420,226 million against ¥396,638 million a year ago. Ordinary Profits was ¥132,513 million against ¥141,929 million a year ago. Income before Income Taxes was ¥132,405 million against ¥141,851 million a year ago. Net Income was ¥103,886 million against ¥106,945 million a year ago.

The Norinchukin Bank Announces Consolidated and Non-Consolidated Earning Results for the Fiscal Year Ended March 31, 2017

The Norinchukin Bank announced consolidated earnings results for the fiscal year ended March 31, 2017. For the period, on consolidated basis, the company reported ordinary Income of JPY 1,365,365 million against JPY 1,287,909 million a year ago. Income before income taxes was JPY 220,952 million against JPY 323,530 million a year ago. Profit attributable to owners of parent was JPY 206,109 million against JPY 271,281 million a year ago. Net cash provided by operating activities was JPY 13,423,556 million against JPY 7,931,401 million a year ago. Purchases of tangible fixed assets were negative JPY 7,536 million against negative JPY 5,450 million a year ago. Purchases of intangible fixed assets were negative JPY 11,452 million against negative JPY 7,305 million a year ago. Profit attributable to owners of parent per share for the fiscal year was JPY 38.08. For the period, on non-consolidated basis, the company reported ordinary income of JPY 1,352,154 million against JPY 1,274,639 million a year ago. Income before income taxes was JPY 220,373 million against JPY 320,729 million a year ago. Net income was JPY 203,414 million against JPY 271,580 million a year ago.

The Norinchukin Bank Reports Consolidated and Non-Consolidated Earnings Results for the Nine Months Ended December 31, 2016

The Norinchukin Bank reported consolidated and non-consolidated earnings results for the nine months ended December 31, 2016. For the quarter, on consolidated basis, the company announced ordinary income of JPY 1,062,487 million compared to JPY 1,026,525 million a year ago. Ordinary profit was JPY 235.049 million compared to JPY 308,043 million a year ago. Income before income taxes was JPY 240,167 million compared to JPY 306,841 million a year ago. Profit attributable to owners of parent was JPY 189.019 million compared to JPY 247,528 million a year ago. Interest income was JPY 835,177 million compared to JPY 826,100 million a year ago. For the quarter, on non-consolidated basis, the company announced ordinary income of JPY 1,050,698 million compared to JPY 1,012,425 million a year ago. Ordinary profit was JPY 231.191 million compared to JPY 301,766 million a year ago. Net income was JPY 187,439 million compared to JPY 243,667 million a year ago. Income before income taxes was JPY 236,412 million compared to JPY 300,571 million a year ago. Interest income was JPY 836,950 million compared to JPY 829,079 million a year ago.

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