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Financial Information
The Central Bank of the Shinkin Bank Industry
The SCB raises funds mostly through deposits—received mainly from shinkin banks—as well as by issuing debentures. It invests these funds in securities, the proceeds of which are used to extend loans, and draws on the resulting profits to support the activities of shinkin banks.
Business Overview
Earnings Performance
Looking at the financial results for fiscal 2024 (ended March 31, 2025), overall, operating income amounted to ¥447 billion ($2,991 million), up ¥53 billion ($360 million), or 13.6%, year on year, mainly because of an increase in dividends on securities.
Meanwhile, operating expenses came to ¥392 billion ($2,622 million), up ¥40 billion ($273 million) or 11.6%, year on year, due to an increase in interest on deposits and interest on payables under securities lending transactions.
As a result, ordinary income came to ¥55 billion ($368 million), an increase of ¥12 billion ($86 million), or 30.5%, year on year. Profit came to ¥40 billion ($271 million), an increase of ¥9 billion ($64 million), or 31.0%, year on year.
Funding
In fiscal 2024, the total amount of funding increased ¥408 billion ($2,730 million) year on year, for a total of ¥45,652 billion ($305,425 million).
Of this figure, deposits received came to ¥31,334 billion ($209,637 million), a decrease of ¥1,767 billion ($11,825 million), which comprised fixed-term deposits.
After deducting redemptions, debentures at the end of fiscal 2024 came to ¥1,250 billion ($8,365 million), down ¥51 billion ($345 million), including ¥242 billion ($1,619 million) in debentures issued by the SCB during the fiscal year.
Borrowed money increased by ¥2,227 billion ($14,902 million) during the fiscal year to ¥13,067 billion ($87,422 million), comprising increased funding from markets, despite decreased borrowings from the Bank of Japan.
Asset Management
The amount of assets under management in fiscal 2024 increased by ¥998 billion ($6,680 million) to ¥46,975 billion ($314,281 million).
Mainly due to higher foreign securities holdings, outstanding invested securities increased by ¥1,037 billion ($6,939 million) during the fiscal year to ¥17,076 billion ($114,248 million) at fiscal year end.
Loans and bills discounted increased by ¥426 billion ($2,852 million) during the fiscal year to ¥9,287 billion ($62,133 million) at fiscal year end.
The outstanding amount of short-term money market assets decreased by ¥636 billion ($4,259 million) during the fiscal year to ¥20,016 billion ($133,915 million) at fiscal year end, reflecting Bank of Japan current deposits despite increase in call loans.
Securities
To further diversify its investment portfolio, the SCB also invests in such risk assets as stocks and investment trust funds not subject to interest risk, while optimizing its portfolio in response to shifts in the financing and investment environment.
The SCB also carries out interest rate swaps and other derivative trading, to hedge risks linked to assets under management.
Loans and Bills Discounted
As of March 31, 2025, the outstanding amount of loans and bills discounted was ¥9,287 billion ($62,133 million).
Credit Ratings (As of July 31, 2025)
| Moody's | S&P | R&I | JCR | |
|---|---|---|---|---|
| Long-Term Credit Rating | A1 | A | A+ | AA |
Symbols indicating credit rating are assigned by each rating agency.
Annual Reports / Documents
What Are Shinkin Banks?
Shinkin banks are cooperative financial institutions. Their membership comprises local residents and small and medium-sized enterprises. Shinkin banks’ distinctive characteristics are that they are conveniently located; offer fine-tuned, personalized services; and have a strong relationship of mutual trust with their customers and communities.
Cooperative financial institutions are organizations that operate under the fundamental principle of mutual support.
Shinkin banks limit their lending, in principle, to members. However, their functions are almost the same as those of commercial banks, and they also deal with many people who are not members, accepting deposits, providing exchange services, accepting payments, including those for public utilities, and engaging in over-the-counter sales of public bonds, investment trust funds, and insurance.
Shinkin banks not only provide deposit, lending and exchange services, but also offer a diverse range of services to customers and other members of the local community in such areas as support for management improvement and enterprise renewal, business succession support, business start-up support, and local-area revitalization.
Note:US dollar amounts are given for convenience only, converted at the rate of ¥133.50, ¥151.37, and ¥149.47 per US$1.00, the prevailing rate as of March 31, 2023, 2024, and 2025 respectively.