Capital Participation operations pursuant to the Financial Functions Strengthening Act

(as of September 30, 2022) (Units: ¥ billion, %)
  Capital Participation (Subordinated Bonds and Subordinated Loans) Management/Disposal Status
Name of Financial Institution Month Year Amount Rate Type Month Year Notes
77 Bank(Fully Disposed) December 2011 20.0 Funding cost as an annualized rate of preferred dividend (Note3) Subordinated loan
(10 years three months)
June 2015 The borrower exercised the option to repay in full
  Capital Participation (Preferred Investments) Management/Disposal Status
Name of Financial Institution Month
Year
Amount Dividend Rate
(T = 12m JPY TIBOR)
Type Month Year Notes
Shinkumi Federation Bank December
2015
10.6 T+0.32
(cap rate: 8.00)
Preferred Perpetual Investments
(Noncumulative Corporate Bonds)
   
Shinkumi Federation Bank December
2016
6.24 T+0.32
(cap rate: 8.00)
Preferred Perpetual Investments
(Noncumulative Corporate Bonds)
   
Shinkumi Federation Bank December
2017
10.0 T+0.35
(cap rate: 8.00)
Preferred Perpetual Investments
(Noncumulative Corporate Bonds)
   
Shinkumi Federation Bank March
2020
2.0 T+0.38
(cap rate: 8.00)
Preferred Perpetual Investments
(Noncumulative Corporate Bonds)
   
Shinkumi Federation Bank March
2020
7.2 T+0.49
(cap rate: 8.00)
Preferred Perpetual Investments
(Noncumulative Corporate Bonds)
   
  Capital Participation (Preferred Shares (convertible)) Management/Disposal Status
Name of Financial Institution Month Year Amount Dividend Rate
(T = 12m JPY TIBOR)
Beginning of Conversion Period Mandatory Acquisition Date Month Year Notes
Kiyo HD
(Kiyo Bank)(Note2)(Fully Disposed)
November 2006 31.5 T + 1.15
(cap rate: 7.50)
October 1, 2011 October 1, 2016 September 2012 The issuer partially repurchased ¥15.4 billion (out of ¥31.5 billion, repurchase amount: ¥16.66 billion).
September 2013 The issuer repurchased the remaining ¥16.1billion (repurchase amount: ¥18.101 billion).
Howa Bank(Note4)(Fully Disposed) December 2006 9.0 1.84 (until March 2009)
6m JPY TIBOR + 1.20 (after March 2010)
April 1, 2008 To be decided by the board of directors on or after April 2, 2020 March 2014 The issuer repurchased in full (repurchase amount: ¥9.144 billion). The issuer also received capital participation of ¥16 billion.
North Pacific Bank(Fully Disposed) March 2009 100.0 T + 1.00
(cap rate: 8.00)
January 1, 2013 April 1, 2024 July 2013 The issuer repurchased ¥30 billion (out of ¥100 billion (repurchase amount: ¥35.322 billion).
March 2014 The issuer repurchased the remaining ¥70 billion (repurchase amount: ¥81.088 billion).
Fukuho Bank(Fully Disposed) March 2009 6.0 1.90 (until March 2012)
T + 1.10 (after March 2013)
(cap rate: 8.00)
October 1, 2011 April 1, 2024 October 2021 The issuer repurchased in full (repurchase amount: ¥6.038 billion).
Minami Nippon Bank(Fully Disposed) March 2009 15.0 T + 1.05
(cap rate: 8.00)
October 1, 2012 April 1, 2024 September 2022 The issuer repurchased in full (Acquisition for cash consideration amount: ¥15.091 billion).
Procrea HD
(Michinoku Bank)(Note2)
September 2009 20.0 T + 0.95
(cap rate: 8.00)
April 1, 2017 October 1, 2024    
Jimoto HD
(Kirayaka Bank)(Note2)(Fully Disposed)
September 2009 20.0 T + 1.15
(cap rate: 8.00)
October 1, 2010 October 1, 2024 December 2012 The issuer repurchased in full (repurchase amount: ¥20.078 billion ). Implemented along with the issuance of new preferred shares totaling ¥20 billion.
San ju San FG
(San ju San Bank)(Note2)(Fully Disposed)
September 2009 30.0 T + 1.00
(cap rate: 8.00)
October 1, 2012 October 1, 2024 August 2022 The issuer repurchased in full (Acquisition for cash consideration amount: ¥30.128 billion).
Towa Bank December 2009 35.0 T + 1.15
(cap rate: 8.00)
December 29, 2010 December 29, 2024 May 2018 The issuer partially repurchased ¥20 billion (out of ¥35 billion, repurchase amount: ¥22.744 billion).
Bank of Kochi December 2009 15.0 T + 1.10
(cap rate: 8.00)
December 29, 2010 December 29, 2024    
FIDEA HD
(Hokuto Bank)(Note2)
March 2010 10.0 T + 1.00
(cap rate: 8.00)
April 1, 2013 April 1, 2025 September 2021 The issuer partially repurchased ¥5.0 billion (out of ¥10.0 billion, repurchase amount: ¥5.647 billion).
Miyazaki Taiyo Bank March 2010 13.0 T + 1.05
(cap rate: 8.00)
October 1, 2010 April 1, 2025    
Jimoto HD
(Sendai Bank)(Note2)
September 2011 30.0 Funding cost as an annualized rate of preferred dividend (Note3) April 1, 2013 October 1, 2036    
Tsukuba Bank September 2011 35.0 Funding cost as an annualized rate of preferred dividend (Note3) July 1, 2012 October 1, 2031    
Tohoku Bank September 2012 10.0 Funding cost as an annualized rate of preferred dividend (Note3) June 29, 2013 September 29, 2037    
Jimoto HD
(Kirayaka Bank)(Note2)
December 2012 20.0 T + 1.15
(cap rate: 8.00)
December 29, 2012 October 1, 2024    
Jimoto HD
(Kirayaka Bank)(Note2)
December 2012 10.0 Funding cost as an annualized rate of preferred dividend (Note3) June 29, 2013 December 29, 2037    
Howa Bank March 2014 16.0 T + 0.95
(cap rate: 8.00)
April 1, 2014 April 1, 2029    
 
  Capital Participation (Trust Beneficial Rights) Management/Disposal Status
Name of Financial Institution Month Year Amount Dividend Rate (T = 12m JPY TIBOR) Trust Period Reference Month Year Notes
Shinkumi Federation Bank
(Yamanashikenmin Shinkumi Bank)(Note2)
September 2009 45.0 T + 1.73
(cap rate: 8.00)
25 years
(extendable)
Preferred beneficial rights out of trust beneficial rights    
Shinkumi Federation Bank
(Soso Gojo Shinkumi Bank)(Note2)
January 2012 13.9 Funding cost as an annualized rate of preferred dividend (Note3) 14 years
(extendable)
(Note5)    
Shinkumi Federation Bank
(Iwaki Shinkumi Bank)(Note2)
January 2012 17.5 Funding cost as an annualized rate of preferred dividend (Note3) 14 years
(extendable)
(Note5)    
Shinkin Central Bank
(Miyako Shinkin Bank)(Note2)
February 2012 8.5 Funding cost as an annualized rate of preferred dividend (Note3) 14 years
(extendable)
(Note5)    
Shinkin Central Bank
(Kesennuma Shinkin Bank)(Note2)
February 2012 13.0 Funding cost as an annualized rate of preferred dividend (Note3) 14 years
(extendable)
(Note5)    
Shinkin Central Bank
(Ishinomaki Shinkin Bank)(Note2)
February 2012 15.7 Funding cost as an annualized rate of preferred dividend (Note3) 14 years
(extendable)
(Note5)    
Shinkin Central Bank
(Abukuma Shinkin Bank)(Note2)
February 2012 17.5 Funding cost as an annualized rate of preferred dividend (Note3) 14 years
(extendable)
(Note5)    
Shinkumi Federation Bank
(Nasu Shinkumi Bank)(Note2)
March 2012 5.4 Funding cost as an annualized rate of preferred dividend (Note3) 25 years
(extendable)
Preferred beneficial rights out of trust beneficial rights    
Shinkumi Federation Bank
(Gunmamirai Shinkumi Bank)(Note2)
December 2012 25.0 T + 1.24
(cap rate: 8.00)
25 years
(extendable)
Preferred beneficial rights out of trust beneficial rights    
Shinkumi Federation Bank
(Tokyo Kosei Shinkumi Bank)(Note2)
March 2014 5.0 T + 1.07
(cap rate: 8.00)
25 years
(extendable)
Preferred beneficial rights out of trust beneficial rights    
Shinkumi Federation Bank
(Yokohama Kougin Shinyo Kumiai)(Note2)
March 2014 19.0 T + 1.00
(cap rate: 8.00)
25 years
(extendable)
Preferred beneficial rights out of trust beneficial rights    
Shinkumi Federation Bank
(Kushiro Shinkumi Bank)(Note2)
December 2014 8.0 T + 0.89
(cap rate: 8.00)
25 years
(extendable)
Preferred beneficial rights out of trust beneficial rights    
Shinkumi Federation Bank
(Shiga-Ken Shinkumi Bank)(Note2)
December 2014 9.0 T + 1.05
(cap rate: 8.00)
25 years
(extendable)
Preferred beneficial rights out of trust beneficial rights    
 
Total amount of Capital Injection 684.04
Total amount of the Disposed Book Value 256.5
Remaining Balance 427.54
(Fully Disposed) Fully Disposed
Notes:

1.Current names are used for the names of financial institutions.

2.Names of financial institutions in parentheses next to Kiyo HD, Procrea HD, Jimoto HD, San ju San FG, FIDEA HD, Shinkumi Federation Bank and Shinkin Central Bank refer to the entities that effectively received capital participation. Soso Gojo Shinyo Kumiai was created through the merger in November 2013 of Soso Shinyo Kumiai, which received capital participation, and Gojo Shinyo Kumiai. Yokohama Kougin Shinyo Kumiai was created through the merger in March 2017 of Yokohama Chuo Shinyo Kumiai, which received capital participation, and Kyushu Kougin Shinyo Kumiai. San ju San Bank was created through the merger in May 2021 of Daisan Bank, which received capital participation, and Mie Bank.

3.Rates or dividend rates applied for capital participation based on the special measures concerning the Great East Japan Earthquake are “funding cost as an annualized rate of preferred dividend” announced by the DICJ in each fiscal year, which is capped at 12-month JPY TIBOR or 8%, whichever is lower.

4.Preferred shares with voting rights to appoint or dismiss directors.

5.It is stipulated that within 14 years following capital participation, either (ⅰ) “authorization of management improvement” or (ⅱ) “authorization of capital reorganization associated with business restructuring” must be obtained.The time limit for the application for the authorization was extended from 10 years after capital participation to 14 years capital participation pursuant to FSA Public Notice No. 51 (October 30, 2020).

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