20163 20151120
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99 2 1916 2007 1.3 3,300 85 2,5002 2 2014320153 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 3
70 () 4,000 3,500 3,000 2,500 2,000 1,500 1,000 500 2,121 70 2,384 2,796 2,950 () 70.0 60.0 50.0 40.0 30.0 20.0 10.0 45 39 5.8 6.4 14.1 16.7 19.2 21.6 60 8.1 24.5 27.9 0 2010 2011 2012 2013 2014 2020 2025 () 0.0 2011 2015 2025 GDP 1.00 1.06 1.26 12,805 (2010) 12,708 (2014) 12,410 (2020) 12,065 (2025) 1.00 1.15 1.57 (20121) 201465 GDP2011 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 4
(75 80)(65 85) (20164) Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 5
(Big & Unique) 84.9 3,348 4,578 2014 702020 1. 2. 3. IBM Watson Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 6
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4.5%57.8% 15.3 2Q 16.3 2Q () 16.3 () 51,717 48,813 5.6 % 2,635 2,187 17.0 % 1,354 1,195 11.7 % 1 508 485 4.5 % 95,500 51.1 % 3,500 62.5 % 1,900 62.9 % 840 57.8 % 15.3 15.9 () 849,150 846,918 0.3 % 19,757 19,086 3.4 % 14,120 14,360 +1.7 % 1 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 8
() 15.3 2Q 16.3 2Q () 15.3 15.3 15.9 51,717 48,813 2,903 101,692 30,781 27,467 3,314 59,567 7,457 6,888 568 14,607 12,638 14,128 +1,490 26,328 49,082 46,625 2,456 96,766 45,971 43,498 2,472 90,595 77 42 35 109 2,551 2,609 +58 5,131 2,635 2,187 447 4,926 544 309 +234 993 1,354 1,195 158 2,007 736 682 53 1,925 227 197 30 1,112 508 485 23 813 849,150 846,918 2,232 22,137 17,489 4,648 14,349 17,090 +2,741 662,762 661,454 1,307 99,773 94,398 5,375 2,868 3,149 +281 5,470 6,466 +995 829,392 827,831 1,561 751,126 736,997 14,128 7,121 7,425 +303 19,757 19,086 670 14,120 14,360 +239 5,636 4,726 910 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 9
2,381 246+17.7% () () () 5,000 4,000 4,390 1,991 4,578 2,197 () 600 500 491 222 411 3,000 2,000 2015/10 2,398 2,381 2,381 400 300 200 269 201 209 246 1,000 100 0 14.3 15.3 16.3 0 14.3 15.3 16.3 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 10
チ ャ ネ ル 2 (OJT) ( ) Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 11
(2017) 1 () 600 500 500 465 (490) 2016 () 4,000 3,486 3,500 3,348 3,282 417 3,000 400 316 2,500 300 2,000 200 249 (2Q) 1,500 1,000 100 500 0 2007 2013 2014 2015 2016 2017 () 0 2013 2014 2015 (2Q) 2015 (4Q) 2016 2017 2018 2019 2020 () 1 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 12
7 () () 2,000 1,800 1,600 2,541 2,548 2,598 1,857 1,809 1,851 925 926 951 1,400 1,200 1,000 800 931 882 900 600 400 200 0 14.3 2Q 15.3 2Q 16.3 2Q Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 13
201517 (201510) IT () 600 400 300 200 100 500 460 342 355 171 179 170 175 179 0 14.3 15.3 16.3 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 14
() (%) 15.3 15.9(%) 642,947 75.7 624,997 73.8 15.3 2Q 16.3 2Q () 15.3 () 480,864 56.6 467,367 55.2 95,558 11.3 94,857 11.2 66,524 7.8 62,772 7.4 33,631 4.0 51,958 6.1 1 9,969 1.2 11,521 1.4 1 2,145 0.3 2,123 0.3 1,2 21,516 2.5 38,312 4.5 272 420 669 1 1.81 % 1.77 % 1.80 % 2 1.88 % 1.89 % 1.89 % 382 82 641 99,773 11.7 94,398 11.1 72,797 8.6 75,563 8.9 26,592 3.1 24,258 2.9 27,208 3.2 30,559 3.6 849,150 100.0 846,918 100.0 10 14.9 15.9 15.3 0.525 % 0.350 % 0.400 % 1. 2. 1. 2. Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 15
EV 20159EV20153()2.6%3.5% EV () EV RoEV 2.6%() RoEV 3.5%( 1 ) EV 792 294 118 2 25 314 35,681 EV 50bp 5.2% 35,013 245 34,767 50bp 9.4% 10% 1.2% 15.3 EV () EV () () 15.9 EV 2 245 29,509 0 3 7 33 0 1,177 30,483 0 5,258 792 291 111 36 25 1,492 5,197 245 34,767 792 294 118 2 25 314 35,681 1. EV 2. 15.9EV248+248 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 16
201833050% 1 1 56.0 () 32.2 28.2 37.9 28.0 40.8 2010 2011 2012 2013 2014 2015 2016 2017 () 25.0% 24.2% 25.1% 26.8% 30.2% 40.0% () 3050% Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 17
APPENDIX
3 250% 100 1 1/3 2 50% 100 + 100 1 100 1 か ゆ ん う ぽ ち ょ 2 2 250% 22 50% 1. Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 19
1/2 1/2 1 1/2 2 1,00041,3002055 1 2(i)(ii)21 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 20
20129201441201466 (+274%) 2012 2013 2014 (43) 64.9 (43) 56.6 (42) 101.4 11.6% 11.7 6.4% 4.1 21.4% 13.9 15.7% 10.1 33.7% 21.9 22.8% 14.8 23.2% 13.1 10.0% 5.6 13.2% 7.4 31.6% 17.8 22.1% 12.5 6.5% 6.5 7.2% 7.3 8.8% 8.9 65.8% 66.7 20129 20144 201320142015) Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 21
ESG Social () Web Environmental () Governance () ESG Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 22
(2015.10.28) の 116 の 31%15% 8%46% Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 23
267 2 2014 26,545 1,800 1,600 1 2.1% 2.1% 3.0% 23.1% 19.9% 14.0% 1,400 1,200 1,000 800 3.8% 8.9% 600 400 4.5% 5.5% 6.5% 6.7% 200 0 76 78 78 78 79 79 79 221 216 216 220 228 235 239 2008/12 2009/12 2010/12 2011/12 2012/12 2013/12 2014/12 Swiss Re, sigma No 4/2015 1. Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 24
20153 0 20 40 60 80 100 36.4 62.2 84.9 23.1% 200710 T&D 14.5 7.3 27.5 41.7 61.7 23.2 84.9 1 (US) 10.7 9.7 15.2 1,994 369 1,353 447 3,348 817 (2014) T&D(US) 1 2014 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 25
1 2014 2014 (:) (%) (:) (%) 1 51,825 24.3 2 24,591 11.5 3 17,489 8.2 4 14,925 7.0 5 14,772 6.9 6 (US) 14,019 6.6 7 12,900 6.1 8 T&D 10,113 4.7 9 8,240 3.9 10 7,146 3.4 (42) 213,038 100.0 1 10,259 16.6 2 7,480 12.1 3 6,002 9.7 4 5,570 9.0 5 5,234 8.4 6 3,537 5.7 7 3,486 5.6 8 (US) 2,777 4.5 9 2,128 3.4 10 2,024 3.3 (42) 61,953 100.0 2014 (US) T&D 2014 (US) Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 26
1,000 2 2 1.8 154 3,3002,500 6 1 506 2 12014 22014 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 27
2014: 5,000 2 6.2% 12.3% 40.0% 41.5% 4,000 3,000 2,000 24.8% 28.0% 47.1% 29.1% 15.4% 6 18.9% 36.7% 1,000 0 0 200 400 600 800 1,000 1,200 1 2015 UST&D Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 28
2014 300 300 (US) 3.4% 3.5% 2.9% 7.0% 83.2% 45.3% 15.0% 13.7% 11.0% 4,500 134 6.8% 8.2% 394 300 4,500 2015 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 29
1 1 2014 20,076 624 1 17-112015320143 20134 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 30
お さ ま / か ん ぽ サ ー ビ ス セ ン タ ー 76800 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 31
2,50026 1 506 2 2014 2014 19% 42% 58% 20 2% 30 7% 40 11% 60 59% 50 21% 20 7% 30 16% 60 43% 40 17% 50 16% 1 2015.4.1 12,691 100% 2,463 19% 12014 22014 1,423 58% 1,039 42% 5:5 50 8 506 2014 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 32
2014 2014 5,000 22 18 4,000 3,000 2,000 1,000 5.0 1.3 4.2 1.2 1.4 15 12 9 6 3 0 0.5 0 UST&D UST&D Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 33
1 200 4010 210 3% 200 4020 242 3% 200 300 18 198 2% 112014 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 34
ALM 4 1 20113 20153 20153 % % % 764,493 79.0 641,030 66.2 62,557 6.5 60,905 6.3 8,687 0.9 7,237 0.7 1,450 0.1 145,474 15.0 1,529 0.2 47,682 4.9 967,867 100.0 642,947 75.7 480,864 56.6 95,558 11.3 66,524 7.8 33,631 4.0 23,662 2.8 9,969 1.2 99,773 11.7 1,123 0.1 71,674 8.4 849,150 100.0 174,584 42.9 146,436 35.9 6,070 1.5 22,077 5.4 151,548 37.2 101,977 25.0 49,571 12.2 46,904 11.5 11,176 2.7 23,140 5.7 407,354 100.0 2011320153 14 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 35
3050%1 1 1 6,000 5,000 4,000 3,000 2,000 1,000 4,222 5,312 5,289 4,627 4,926 1,000 800 600 400 200 772 700 906 628 813 0 2010 2011 2012 2013 2014 0 2010 2011 2012 2013 2014 1 1 4,000 3,000 2,000 1,000 0 3,119 3,074 2,719 2,421 2010 2011 2012 2013 2014 2,007 250 200 150 100 50 0 25.0% 24.2% 25.1% 26.8% 30.2% 193 169 227 168 245 2010 2011 2012 2013 2014 2 3050% 12011 220183 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 36
EV() EV2015935,681(30,4835,197) 15.9 () 30,483 5,197 14,360 14,360 35,681 1,091 6,333 7,425 792 (16.3 2Q) 8 EV 3,397 20,976 24,374 17,593 44,797 62,391 576 7,221 7,798 6,536 22,854 29,391 30,483 56,475 86,958 1916 2007 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 37
EV EV ESR EV 20153 : ESR 320122014RoEV 1 : 8.4% 9.2% 40,000 30,000 20,000 28,123 28,662 33,868 35,013 4.0 3.0 2.0 ESREV 1 179 1.95 3.50 1.0 10,0000 2011 2012 2013 2014 EV(20153) 0.0 EV T&D 50bp 5.3% 6.1% 6.8% 5.1% 50bp 10.1% 7.9% 7.7% 10.0% 10% 1.0% 7.3% 4.9% 1.6% 1RoEVReturn on Embedded ValueEV 3CAGR EVEV 1EV 199.5 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 38
() 2012.3 2013.3 2014.3 2015.3 2015.3 2Q 2016.3 2Q 93,688,672 80,024,630 13,664,042 90,462,364 73,793,953 16,668,410 87,088,626 67,560,915 19,527,711 84,911,946 61,703,013 23,208,932 85,877,874 64,315,041 21,562,833 84,688,745 60,158,783 24,529,961 39,034 31,015 8,018 36,805 26,933 9,871 34,864 23,195 11,668 33,489 19,949 13,539 34,204 21,547 12,657 32,829 18,402 14,426 6,856,486 3,292,716 3,563,769 6,481,772 2,685,558 3,796,214 5,911,643 2,155,398 3,756,245 5,956,716 1,697,140 4,259,576 3,078,186 896,905 2,181,281 2,746,776 700,116 2,046,659 531,388 460,482 70,906 529,375 424,511 104,864 463,506 382,325 81,181 493,169 377,145 116,024 263,703 208,200 55,503 219,778 141,516 78,262 67,734 48,429 19,304 91,000 56,816 34,184 63,428 43,689 19,739 81,758 36,969 44,789 50,972 25,894 25,078 49,300 20,977 28,323 102,240 152,519 50,278 100,149 159,710 59,561 94,807 164,732 69,924 90,087 167,144 77,057 45,424 83,046 37,622 61,235 85,201 23,965 48,541 35,893 12,647 64,656 43,374 21,282 91,360 73,857 17,502 97,934 72,126 25,808 54,370 44,271 10,098 30,388 6,508 23,879 107,885 107,885-92,835 92,835-77,134 77,134-68,347 68,347-33,200 33,200-26,991 26,991 - Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 39
() 2012.3 2013.3 2014.3 2015.3 2015.3 2Q 2016.3 2Q 68,564 64,817 59,116 59,567 30,781 27,467 5,312 5,289 4,627 4,926 2,635 2,187 2,719 3,074 2,421 2,007 1,354 1,195 700 906 628 813 508 485 12,944 14,667 15,381 19,757 16,943 19,086 936,908 904,635 870,928 849,150 858,823 846,918 5.6% 6.6% 4.2% 4.6% - - 5.8% 7.1% 4.7% 5.9% - - 169 227 168 245 - - 24.2% 25.1% 26.8% 30.2% - - 5,716 5,700 4,820 5,154 2,680 2,399 Copyright 2015 JAPAN POST GROUP. All Rights Reserved. 40
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