<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
------------------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: November 19, 1997
-----------------
(Date of earliest event reported)
HELLER FINANCIAL, INC.
----------------------
(Exact name of registrant as specified in its charter)
Delaware
--------
(State or other jurisdiction of incorporation)
1-6157 36-1208070
------ ----------
(Commission File Number) (IRS Employer Identification Number)
500 West Monroe Street, Chicago, Illinois 60661
----------------------------------------- --------
(Address of principal executive offices) (Zip Code)
(312) 441-7000
--------------
(Registrant's telephone number, including area code)
<PAGE>
Item 5. Other Events
On November 19, 1997, The Fuji Bank, Limited ("Fuji Bank"), the indirect parent
of Heller Financial, Inc., the registrant, issued a press release with respect
to Fuji Bank's interim financial statements for the six months ended September
30, 1997.
Item 7. Financial Statements and Exhibits
(c) Exhibits
27 Selected pages from press release of Fuji Bank dated November 19, 1997,
announcing Fuji Bank's interim financial results for the six months ended
September 30, 1997. An copy of the entire press release is available upon
request from the registrant, Heller Financial, Inc., 500 West Monroe
Street, Chicago, Illinois 60661, Attention: Treasurer (312-441-7000).
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
Dated: November 19, 1997
-----------------
HELLER FINANCIAL, INC.
By: Lauralee E. Martin
------------------
Lauralee E. Martin
Title: Executive Vice President and
Chief Financial Officer
2
<PAGE>
EXHIBIT INDEX
Exhibit Sequentially
Number Numbered Pages
- ------ --------------
27 Selected pages from press release of The Fuji Bank, Limited dated 4-14
November 19, 1997, announcing the interim financial results of The
Fuji Bank, Limited for the six months ended September 30, 1997.
3
<PAGE>
November 19, 1997
Financial Business Report for the First Half of Fiscal Year 1997
(Non-Consolidated)
The Fuji Bank, Limited
5-5, Otemachi 1-chome, Chiyoda-ku,
Tokyo, Japan
Financial Highlights for the First Half of Fiscal Year 1997 (from April 1, 1997
to September 30, 1997)
(Notes) (1) Amounts less than one million yen are omitted.
(2) ( ) denotes minus.
<TABLE>
<CAPTION>
(1) Operating Results
- -------------------------
First Half of FY 1997 First Half of FY 1996 FY 1996
--------------------- --------------------- -------
<S> <C> <C> <C>
Yen million Yen million Yen million
Operating Income 1,394,303 1,111,933 2,620,696
(Change from the
Corresponding Period
Previous Year) 25.4% (23.0%) (12.4%)
Ordinary Profit 13,989 57,391 31,252
(Change from the
Corresponding Period
Previous Year) (75.6%) 207.0% (-%)
Net Income 10,785 57,155 53,995
(Change from the
Corresponding Period
Previous Year) (81.1%) 272.9% (-%)
Net Income per Share 3.72 19.73 18.54
</TABLE>
<TABLE>
<CAPTION>
(Notes)
<S> <C> <C>
1. Number of Average Stocks
First Half of FY 1997 Ordinary Stock: 2,897,615 thousand shares
Preference Stock: 70,000 thousand shares
First Half of FY 1996 Ordinary Stock: 2,897,567 thousand shares
Fiscal Year 1996 Ordinary Stock: 2,897,591 thousand shares
Preference Stock: 18,027 thousand shares
2. Change in the Accounting System: None
</TABLE>
<TABLE>
<CAPTION>
(2) Dividend Payment
- ---------------------
First Half of FY 1997 First Half of FY 1996 FY 1996
--------------------- --------------------- -------
<S> <C> <C> <C>
Ordinary Preference Ordinary Preference Ordinary Preference
Stock Stock Stock Stock Stock Stock
Interim Dividends
declared per Share Yen 0.0 Yen 0.0 Yen 4.25 -- -- --
Annual Dividends declared
per Share -- -- -- -- Yen 8.50 Yen 3.75
</TABLE>
(3)Financial Position
- ---------------------
<TABLE>
<CAPTION>
First Half of FY 1997 First Half of 1996 FY 1996
--------------------- ------------------ -------
<S> <C> <C> <C>
Yen million Yen million Yen million
Total Assets 52,105,475 50,196,251 52,066,828
Stockholders' Equity 1,670,272 1,477,539 1,672,064
Stockholders' Equity to
Total Assets 3.2% 2.9% 3.2%
Stockholders' Equity per
Share Yen 503.96 Yen 509.92 Yen 504.58
BIS Ratio (provisional figures)
(uniform international
standard) 9.41% 8.69% 9.22%
(Notes)
(1) Total stock outstanding as of term end:
First Half of FY 1997 Ordinary Stock: 2,897,615 thousand shares
Preference Stock: 70,000 thousand shares
First Half of FY 1996 Ordinary Stock: 2,897,615 thousand shares
Fiscal Year 1996 Ordinary Stock: 2,897,615 thousand shares
Preference Stock: 70,000 thousand shares
Par Value Stock, One unit: 1,000 shares
(2) Difference between book value and market value: Yen 320,001 million
</TABLE>
4
<PAGE>
(3) Difference between market value of derivative transaction and contract
amount etc.: Yen (982 million)
4. Earnings Performance Projection for Fiscal 1997 (Year through March 31,
- ---------------------------------------------------------------------------
1998)
- -----
<TABLE>
<CAPTION>
Annual Period
-------------
Yen million
<S> <C>
Operating Income 2,600,000
Ordinary Profit (450,000)
Net Income (440,000)
Annual Dividends per Share Yen
Ordinary stock 8.50
Preference stock 7.50
Term-end Ordinary Stock 8.50
Term-end Preference Stock 7.50
Projected Net Income per Share: Yen (152.03)
Projected Consolidated Results:
Operating Income Yen 2,700,000 million
Ordinary Profits (loss) Yen (410,000 million)
Net Income (loss) Yen (340,000 million)
</TABLE>
5
<PAGE>
The Fuji Bank, Limited
Non-Consolidated Balance Sheets as of September 30, 1997
<TABLE>
<CAPTION>
(Millions of Yen)
ASSETS LIABILITIES
- ------------------------------- ------------------------------
<S> <C> <C> <C>
Cash and Due from Banks 3,377,350 Deposits 34,158,372
Call Loans 244,300 Negotiable Certificates of
Deposit 2,306,409
Commercial Paper and Other Debt Call Money 2,690,706
Purchased 36,012
Trading Assets 2,163,187 Bills Sold 610,452
Money Held in Trust 96,734 Trading Liabilities 1,749,122
Securities 6,152,780 Borrowed Money 2,122,539
Loans and Bills Discounted 33,156,601 Foreign Exchange 71,558
Foreign Exchange 418,840 Convertible Bonds & Notes 12,582
Other Assets 2,278,304 Other Liabilities 1,931,949
Premises and Equipment 338,902 Reserve for Possible Loan
Losses 832,403
Customers' Liabilities for Reserve for Retirement
Acceptances and Guarantees 3,842,459 Allowances 47,756
Reserve for Possible Losses
on Sales of Loans 37,488
Other Reserves 21,045
Acceptances and Guarantees 3,842,459
--------------------
Total Liabilities 50,435,202
--------------------
Common Stock 529,087
Legal Reserve 509,170
Earned Surplus 632,015
Voluntary Reserves 589,921
Unappropriated Profit
at End of the First
Half Year 42,093
Net Income 10,785
Total Stockholders' Equity 1,670,272
--------------------
Total Liabilities and
Total Assets 52,105,475 Stockholders' Equity 52,105,475
----------------- --------------------
</TABLE>
6
<PAGE>
The Fuji Bank, Limited
Notes to Non-Consolidated Balance Sheet
1. Amounts less than one million yen are omitted.
2. Trading Account Transactions
Trading account transactions are transactions in which profit opportunities
arise from the differences between different markets and short-term
movements in rates and other indexes as they apply to interest rates,
currency exchange rates, and dealing in marketable securities. These
transactions are included in the interim balance sheet on the basis of when
the transaction commitment was made, under "Trading, assets" and "Trading
liabilities".
"Trading assets" and "Trading liabilities" are valued as follows.
Securities and monetary assets etc. are valued at the market price at the
end of September. Swaps, futures, options and other derivatives
transactions are valued on the assumption that they were settled at the end
of September.
3. Securities
Securities, if listed on securities exchanges and actual market prices are
available, are valued at the lower of cost or market value using the moving
average method. All other securities are valued at cost using the moving
average method. The same method is used to compute the value of securities
held in separately managed trusts that have been established primarily for
the purpose of investing in securities.
4. Premises and Equipment
Depreciation of premises and equipment is computed on an annual basis as
follows as prescribed in the Uniform Accounting Standards for Banks.
Buildings Fixed percentage of declining balance method at the rate of
160 per cent of the tax regulations standard.
Equipment Fixed percentage of declining balance method at the rates
prescribed in the tax regulations standard.
Others As prescribed in tax regulations
5. Foreign Currency Items
All assets and liabilities denominated in foreign currencies are translated
into Japanese yen at the exchange rates in effect at the balance sheet
dates, while income and expenses denominated in foreign currencies are
measured and recorded at the exchange rates prevailing at the time of each
transaction. Accounts of overseas branches are translated into Japanese yen
at the exchange rate prevailing on the balance sheet dates.
6. Reserve for Possible Loan Losses
The reserve for possible loan losses is composed of a general reserve which
is based on a fixed percentage of certain outstanding loans as specified
under Japanese tax regulations and the Rules for Bank Accounting (currently
0.3 per cent is tax deductible) and a further reserve for possible losses
on certain doubtful loans as well as on loans to certain lesser developed
countries based on management's assessment of the loan portfolio.
The reserve relating to loans to certain lesser developed countries is
provided based on 6.1 per cent (including reserves for losses on overseas
investments as prescribed under Article 55-2 of the Exceptions to Tax Laws
Act.)
7. Reserve for Retirement Allowances
The reserve for retirement allowances is provided in accordance with the
Rules for Bank Accounting, calculated on an annual basis, based on the
amount which would have been required to be paid if all employees covered
by the retirement plan had voluntarily terminated their employment at the
balance sheet date.
8. Finance leases, other than those leases with property rights which will be
recognized as being transferable to the borrower, are handled in compliance
with the general accounting procedures for rent transactions.
9. Consumption Tax
All figures exclude consumption tax.
10. Reserve for Possible Losses on Sales of Loans
Consideration is given to the value of the collateral of real estate loans
which were sold to the Cooperative Credit Purchasing Company. An estimate
is made of future possible losses, and the necessary amount is accounted
for under the above Reserve. This Reserve is stipulated under Article 287-2
of the Commercial Code of Japan.
7
<PAGE>
11. Other Reserves are accounted for as follows:
The Reserve for Price Fluctuation of Japanese National Government Bonds:
7,492 million yen. This Reserve is based primarily on the original cost of
Japanese national government bonds held by the Bank.
The Reserve for Possible Losses from Trading Account Securities
Transactions: 13,509 million yen. This Reserve is based on gains and/or
losses on trading account securities transactions during the period
according to directives from the Minister of Finance as prescribed under
Article 26 of the Banking Law.
The Reserve for Financial Futures Transaction Liabilities: 37 million yen.
This Reserve is made under Article 82 of the Financial Futures Transaction
Law.
The Reserve for Securities Transaction Liabilities: 5 million yen. This
Reserve is made under Article 59 of the Securities and Exchange Act and
Article 65-2-5 of the Securities and Exchange Act.
12. The Securities balance includes 9 million yen of treasury stock of the
Bank.
13. Accumulated depreciation for premises and equipment amounted to 330,967
million yen.
14. The compressed book value of premises and equipment amounted to 34,022
million yen.
15. Loans and Bills Discounted: Balance of loans to companies under bankruptcy
procedure: 276,886 million yen. Balance of loans non-accrual for 6 months
or more: 1,040,396 million yen.
16. The balance of restructured loans at the end of September, 1997 amounted to
221,658 million yen. Restructured loans include loans of which the interest
rates were cut to/below the official discount rate at the time of
restructuring, or loans extended on negative spread basis in order to
support borrowers' rehabilitation, and nonaccrual loans which were approved
as such by the National Tax Agency.
17. The balance of loans to companies under support programs at the end of
September, 1997 amounted to 262,845 million yen. Loans to companies under
support programs refers to loans extended to borrowers which have
encountered economic difficulty and which the Bank supports in various ways
with the approval of the National Tax Agency.
18. Borrowed Money includes subordinated borrowings of 1,676,091 million yen.
19. Loan Participations
Based on Report No. 3 of the Japanese Institute of Certified Public
Accountants, the loans sold to participants at the end of September
amounted to 721,975 million yen.
20. From this interim accounting period onwards, the Bank has adopted a new
accounting system for trading accounts as prescribed under Article 17-2 of
the Banking Law of Japan, with the permission of the Ministry of Finance.
As a result of the valuation of securities and monetary assets etc.
relating to trading assets and trading liabilities, and the notional
settlement of derivatives, there was an increase in the Bank's assets of
1,895,582 million yen and an increase in the Bank's liabilities of
1,876,503 million yen.
There has been a partial amendment of the Enforcement Regulations of the
Banking Law concerning the establishment of trading account transactions.
As a result of the adoption of the new accounting system, the format of the
interim balance sheet has been amended as follows:
(1) "Trading, securities sold for short sales" which up until now has been
included in "Trading account securities" and "Other liabilities", are
now included in "Trading assets" and "Trading liabilities". The
underwritten amount of underwriting agreements for treasury bonds etc.
whose subscription period has not yet terminated as of the balance
sheet date is also included in the assets. Trading securities at the
end of September amounted to 83,011 million yen, and "Trading
securities sold for short sales" amounted to 79,976 million yen.
(2) Derivatives of trading account securities are included in "Trading
assets" and "Trading liabilities". The premium from option
transactions relating to trading account securities transactions,
which up until now has been included in "Other assets" and "Other
liabilities", is now included in "Trading assets" and "Trading
liabilities". Assets included in "Derivatives of trading account
securities" at the end of September amounted to 100 million yen, and
liabilities included amounted to 46 million yen.
(3) Of the "Trading securities sold for short sales" which have been
included up until now in "Securities" and "Other liabilities",
securities for the purpose of the securities transactions prescribed
under Article 17-2-1-2 of the Banking Law of
8
<PAGE>
Japan are included in "Trading assets" and "Trading liabilities". At
the end of September, the amount of "Securities" and "Trading
securities sold for short sales" relating to the above purpose was
zero.
(4) Derivatives relating to securities transactions for the purpose
prescribed under Article 17-2-1-2 of the Banking Law of Japan are
included in "Trading assets" and "Trading liabilities". The premium
from option transactions for the purpose of the securities
transactions prescribed under Article 17-2-1-2, which up until now was
included in "Other assets" and "Other liabilities", is now included in
"Trading assets" and "Trading liabilities". At the end of September
the asset amount of derivatives relating to securities transactions
regarding the above purpose was zero. The liabilities amount of
derivatives relating to securities transactions regarding the above
purpose amounted to 35 million yen.
(5) Derivatives for the purpose of trading account transactions (except
for those relating to securities transactions) are now included in
"Trading assets" and "Trading liabilities". Therefore, the premium
from interest rate option transactions for the purpose of trading
account transactions, which up until now was included in "Other
assets" and "Other liabilities", is now included in "Trading assets"
and Trading liabilities". At the end of September, the derivative
assets for the purpose of trading account transactions (except for
those relating to securities transactions) amounted to 1,717,995
million yen, and the derivative liabilities amounted to 1,669,065
million yen.
(6) Of those assets which up until now have been included in "Cash and due
from banks" and "Commercial paper and other debt purchased", those
which are assets for the purpose of trading account transactions are
now included in Trading assets. As of the end of September, the amount
of Certificates of Deposit for the purpose of trading account
transactions was 348,106 million yen, and the amount of "Commercial
paper and other debt purchased" was 13,972 million yen.
9
<PAGE>
Non-Consolidated Statement of Income for The First Half of Fiscal Year 1997
(for the period from April 1, 1997 to September 30, 1997)
<TABLE>
<CAPTION>
(Millions of Yen)
<S> <C> <C>
Operating Income 1,394,303
Interest Income (Includes Interest on Loans and
Discounts (484,031) and Interest and Dividends
on Securities (62,526) 1,002,772
Fees and Commissions 53,300
Trading Revenue 13,627
Other Operating Income 60,198
Other Income 264,404
---------
Operating Expenses 1,380,314
Interest Expenses Includes Interest on Deposits
(305,430) 762,668
Fees and Commissions 22,624
Trading Expenses 518
Other Operating Expenses 23,820
General and Administrative Expenses 194,323
Other Expenses 376,359
--------- ---------
Ordinary Profit 13,989
Extraordinary Profits 1,738
Extraordinary Losses 1,681
---------
Income before Income Taxes 14,045
Provision for Income Taxes 3,260
---------
Net Income 10,785
Retained Earnings Brought Forward from Previous Year 31,308
---------
Unappropriated Profit at End of the First Half Year 42,093
---------
</TABLE>
10
<PAGE>
The Fuji Bank, Limited
Notes to Non-Consolidated Statement of Income
1. Amounts less than one million yen are omitted.
2. From this interim settlement onwards, the Bank has adopted a new accounting
system for trading accounts under Article 17-2 of the Banking Law of Japan,
with the permission of the Ministry of Finance. In the case of trading
transactions, the profit or loss from these transactions is included in the
profit and loss statement on the basis of when the transaction commitment
was made, under "Trading revenue" and "Trading expenses."
"Trading revenue" and "Trading expenses" are entered in the profit and loss
account in the following way. The increase or decrease in the evaluation
profit/loss from securities and fund assets is added to the interest paid
or received during the period. In the case of derivatives, the increase or
decrease in the profit or loss equivalent amount from the notional
settlements at the end of the preceding term and the end of this interim
accounting period in the case of derivatives is added to the interest paid
or received during the period.
As a result of the adoption of the new accounting system for trading
accounts from this interim accounting period, the evaluation profit or loss
and the profit or loss equivalent amount from the notional settlement at
the end of the preceding period have been included in one lump sum in this
interim accounting period settlement.
The effect of the introduction of the trading accounts on profit/loss was
as follows:
<TABLE>
<CAPTION>
<S> <C> <C>
Operating income : 33,746 million yen decrease
Interest income : 45,276 million yen decrease
Trading revenue : 11,530 million yen decrease
Operating expenses : 50,383 million yen decrease
Interest expenses : 13,725 million yen decrease
Trading expenses : 36,658 million yen decrease
Ordinary profit : 16,637 million yen decrease
</TABLE>
Due to the partial amendment of the Enforcement Regulations of the Banking
Law concerning the establishment of trading transactions, the format of the
Profit and Loss Statement has been modified. The related profit and loss
items have been reclassified as follows:
(1) "Trading revenue" and "Trading expenses" consist of evaluation
profit/loss which has been added to "Gains/losses from sale/purchase
of trading securities" which up until now have been included in "Other
operating income/expenses". "Trading revenue" and "Trading expenses"
also include interest paid and received etc. relating to trading
securities transactions in "Interest income (Interest and dividends on
securities)" and "Interest expenses", and underwriting fees relating
to those trading securities transactions included in "Fees and
commissions", together with securities exchange duties and securities
transaction taxes relating to those trading securities transactions
included in "General and administrative expenses". Trading expenses on
trading securities and derivatives for the interim accounting period
amounted to 180 million yen.
(2) "Trading revenue" and "Trading expenses" consist of evaluation
profit/loss which has been added to profits and losses from "Gains on
sales of bonds", "Gains on redemptions of bonds", "Loss on sales of
bonds", "Loss on redemption of bonds" and "Loss on devaluation of
bonds" when those profits and losses arise from securities
transactions for the purpose prescribed under Article 17-2-1-2 of the
Banking Law of Japan. Up until now those securities transactions have
been included in "Other operating incomes/expenses". "Trading revenue"
and "Trading expenses" also include interest paid and received etc.
relating to securities transactions for the above purpose included in
"Interest income (Interest and dividends on securities)" and "Interest
expenses", and securities exchange duties and securities transactions
taxes relating to those securities transactions for the above purpose
included in "General and administrative expenses". Securities expenses
for the interim accounting period amounted to 337 million yen.
(3) "Trading revenue" and "Trading expenses" consist of evaluation
profit/loss which has been added to interest paid or received in
"Interest (paid/received) on interest swaps", "Other interest income",
and "Other income expenses" which up until now have been included in
"Interest income" and "Interest expenses", when this interest is
connected with trading-related financial derivatives transactions.
"Trading income" and "Trading expenses" also include those securities
transaction duties from "General and Administrative Expenses" relating
11
<PAGE>
to trading-related financial derivatives. Revenue from trading-related
financial derivatives transactions for the interim accounting period
amounted to 12,807 million yen.
(4) "Trading, revenue" and "Trading expenses" consist of evaluation
profit/loss which has been added to interest relating to Negotiable
certificates of deposit and "Commercial paper and other debt
purchased" for the purpose of trading transactions. Up until now this
interest has been included in "Other income expenses". Revenue from
assets relating to trading transactions for the interim accounting
period amounted to 819 million yen.
3. "Others" in other expenses includes a 86,199 million yen loss incurred from
sales of real estate loans to the Cooperative Credit Purchasing Company.
4. Under Article 55 of the Exceptions to Tax Laws Act, the amount for reserves
for losses on overseas investments increased by 12 million yen.
12
<PAGE>
(Reference Materials)
The Fuji Bank, Limited
<TABLE>
<CAPTION>
Performance Forecast for FY 1997
- --------------------------------
(1) Non-consolidated Basis (Billion Yen)
- ----------------------------- -------------
FY 1996 FY 1997 (forecasted)
<S> <C> <C>
Net Business Profit 327.1 300.0
Net of Securities Gains and Losses 100.0 -40.0
Expenses Relating to Portfolio Problem -323.2 -650.0
Others -72.7 -60.0
Ordinary Profit 31.2 -450.0
Net Income 53.9 -440.0
</TABLE>
<TABLE>
<CAPTION>
(2) Disclosed Problem Loans
- ------------------------------
March 31, 1997 March 31, 1998
<S> <C> <C>
Bankruptcy & Non-accrual for 6 Months (1) 1,147.0 1,340.0
Restructured Loan (2) 434.8 180.0
Total 1,581.9 1,520.0
Support Programs 257.7 260.0
</TABLE>
<TABLE>
<CAPTION>
(3) Reserve for Possible Loan Losses
- -------------------------------------
March 31, 1997 March 31, 1998
<S> <C> <C>
General reserve 103.5 95.0
Specific Reserve (3) 878.8 1,100.0
Reserve Ratio
(3) / (1) 76.62% 82.1%
(with Taxed Effect) 103.83% 119.7%
(3) / (1) +(2) 55.56% 72.4%
(with Taxed Effect) 75.29% 105.5%
</TABLE>
(4) Capital Ratio
- --------------------
<TABLE>
<CAPTION>
March 31, 1997 March 31, 1998
<S> <C> <C>
Total Capital Ratio (%) 9.22 8.6
Total Capital 3,752.1 3,180.0
Tier 1 1,950.6 1,590.0
Tier 2 1,801.5 1,590.0
Risk-adjusted Assets 40,663.8 36,790.0
</TABLE>
<TABLE>
<CAPTION>
(5) Restructuring Plan
- -----------------------
<S> <C> <C>
- Reduction of Employees
FY 1996 (Actual): 609 employees
From FY 1997 to FY 1998 (Projected) 900 employees
- Reduction of Branches
FY 1996 (Actual): 9 branches
From FY 1997 to FY 1998 (Projected) 31 branches
- Reduction of General and Administrative Expenses
- Disposition of Premises and Equipment
- The Effect of Restructuring Plan on Profit
FY 1996 (Actual): +23 billion yen
From FY 1997 to FY 1998 (Projected) +42 billion yen
</TABLE>
13
<PAGE>
<TABLE>
<CAPTION>
(Reference Materials) The Fuji Bank, Limited
Securities Gains and Losses (Million Yen)
- ---------------------------
Sept. 30, 1997 Sept. 30, 1996 Mar 31, 1997
----------------------------------------------------------
Sales Gains 261,626 11,212 291,333
Sales Losses 533 6 223
Devaluation 255,873 7,361 191,036
Total 5,219 3,844 100,072
Sales of Bonds (Million Yen)
- --------------
Sept. 30, 1997 Sept. 30, 1996 Mar 31, 1997
----------------------------------------------------------
<S> <C> <C> <C>
Sales Gains 45,512 25,910 82,779
Gains on Redemptions 359 1,181 1,705
Sales Losses 18,319 23,814 45,867
Losses on Redemption 1,405 482 2,228
Devaluation 3 0 154
Total 26,143 2,795 36,234
Recruitment Plan
- ----------------
April 30, 1998 April 30, 1997
Plan Actual
---------------------------------------
<S> <C> <C>
Administrative Staff 200 205
SE 20 25
General Operating
Staff 370 385
Total 590 615
Number of Employees (at the End of Fiscal Year)
- -----------------------------------------------
Sept. 30, 1997 Sept. 30, 1996 Sept. 30, 1995
-----------------------------------------------------------
<S> <C> <C> <C>
Number of Employees 15,120 15,733 16,320
March 31, 1997 March 31, 1996 March 31, 1995
-----------------------------------------------------------
<S> <C> <C> <C>
Number of Employees 15,168 15,780 16,252
Number of Branches
- ------------------
(Domestic)
Sept. 30, 1997 March 30, 1997 Sept. 30, 1996 March 30, 1996
--------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
HO and Branches 292 290 290 289
Sub-branches 48 49 53 55
Others 7 7 8 8
(Overseas)
Branches 25 24 24 21
Sub-branches 1 1 1 1
Representative Offices
21 22 23 23
Subsidiaries* 21 20 19 19
*Direct majority shareholding more than 50%, or combined total direct/indirect
shareholding more than 50%
ROE
- ---
Sept. 30, 1997 March 30, 1997 Sept. 30, 1996 March 30, 1996
-----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Net Business Profit 16.10% 21.09% 22.89% 28.19%
Net Income 1.29% 3.48% 7.86% N.A.
(Annual Basis) (Annual Basis) Net Loss
Capital ratio (Million Yen)
- -------------
Sept. 30, 1997
(Provisional) March 30, 1997 Sept. 30, 1996
-------------------------------------------------------------
<S> <C> <C> <C>
Total Capital Ratio 9.41% 9.22% 8.69%
TIER 1 1,967,847 1,950,652 1,697,514
TIER 2 1,738,365 1,801,534 1,697,514
Risk-adjusted Assets 39,359,929 40,663,855 39,035,918
Lending Classification (Million Yen)
- ----------------------
Sept. 30, 1997 Sept. 30, 1996
--------------------------------------
<S> <C> <C>
Finance and Insurance 2,023,438 1,885,755
Construction 1,012,990 1,020,578
</TABLE>
14
