Senshu Ikeda : Financial Results for the First Quarter of the Fiscal Year ending March 31,2023

Financial Results for the First Quarter of the Fiscal Year ending March 31, 2023

(Consolidated Data)

July 27, 2022

Company Name: Senshu Ikeda Holdings, Inc.

Stock exchange listing: Tokyo Stock Exchange

Stock Code:

8714

URL

https://www.senshuikeda-hd.co.jp/

President and Representative Director:

Atsushi Ukawa

For inquiries:

Kazuo Nagai, General Manager of the Corporate Planning and General

Affairs Division

Telephone: [phone]

Scheduled date for filing quarterly securities report

August 5, 2022

Scheduled date to commence dividend payments:

None

Segregated trading accounts:

None

Supplementary material on quarterly financial results:

Yes

Quarterly financial results presentation meeting:

None

(Japanese yen amounts of less than 1 million and first decimal place have been rounded down)

1. Financial Results for the First Quarter of the Fiscal Year ending March 31, 2023

(April 1, 2022 － June 30, 2022)

(1) Consolidated Operating Results

(%: Changes from previous fiscal year)

Ordinary revenue

Ordinary income

Profit attributable to

owners of the parent

Million yen

%

Million yen

%

Million yen

%

Three months ended

22,831

11.0

4,992

25.4

4,123

29.5

June 30, 2022

Three months ended

20,563

6.1

3,980

97.4

3,183

111.7

June 30,,2021

(Note) Comprehensive income:

Three months ended June 30, 2022:

223million yen

[

％ ]

Three months ended June 30, 2021:

3,033million yen

(28.6％) ]

[(92.6

)

Net income

Diluted earnings

per share

per share

Yen

Yen

Three months ended

14.71

12.31

June 30, 2022

Three months ended

11.36

9.51

June 30, 2021

(2) Consolidated Financial Position

Total assets

Total net assets

Equity ratio

Million yen

Million yen

%

As of June 30, 2022

7,111,424

248,962

3.4

As of March 31, 2022

7,044,417

250,860

3.5

(Reference) capital: As of June 30, 2022: 246,479 million yen; As of March 31, 2022: 248,334 million yen

Note: "Equity ratio" is calculated as: (Total net assets at the end of period Stock subscription rights at the end of period Non- controlling interests at the end of period)/ Total assets at the end of period.

The ratio above is not based on the regulation of Capital Adequacy Ratio.

2. Dividends

		Annual Dividends per Share
	First	Second	Third		Year	Total
	Quarter	Quarter	Quarter		End
	Yen	Yen	Yen		Yen	Yen
Fiscal Year ended	－	3.75	－		6.25	10.00
March 31, 2022
Fiscal Year ending	－
March 31, 2023
Fiscal Year ending
March 31, 2023		5.00	－		5.00	10.00
(Forecasts)

Note: Revisions of the forecasts from recently announced figures: None

The above-mentioned"Dividends"refers to the status of dividends on common stock.

First series of seventh-class preferred stock was acquired and cancelled on July 15,2022.

3. Financial Forecasts for the Fiscal Year ending March 31, 2023 (April 1, ,2022－March 31, 2023)

(%: Changes from corresponding period of previous fiscal year)

		Ordinary revenue	Ordinary income	Profit attributable to	Net income per share
		owners of the parent
		Million yen	%	Million yen	%	Million yen	%	Yen
First half of fiscal year	44,000	7.3	5,600	(19.3)	4,000	(26.6)	14.27
Full Year	86,000	2.3	11,300	(19.5)	7,900	(30.7)	28.18
Note:	Revisions of the	forecasts from recently announced figures: None
Note
(1)	Changes in significant subsidiaries during the first quarter of the fiscal year ending March 31, 2023 : None
	(Changes in specific subsidiaries involving changes in the scope of consolidation)
	Added (company name)			Excluded (company name)

(2)	Adoption of particular accounting methods for quarterly consolidated financial statements	: None
(3)	Changes in accounting policies, changes in accounting estimates, and retrospective restatements
	(a) Changes in accounting policies due to revision of accounting standards etc. :	Yes
	(b) Changes in accounting policies other than those noted in (a) above :	None
	(c) Changes in accounting estimates :	None
	(d) Retrospective restatements :	None

(4) Number of shares (common stock)
(a) Number of shares in issue (including treasury stock)
As of June 30, 2022	281,008,632	shares
As of March 31, 2022	281,008,632	shares
(b) Number of treasury shares
As of June 30, 2022	716,483	shares
As of March 31, 2022	716,407	shares
(c) Average number of shares for the period under review
Three months ended June 30, 2022	280,292,185	shares
Three months ended June 30, 2021	280,214,982	shares

Disclosure concerning the implementation status of audit procedures

This report is exempt from audit procedures based upon the Financial Instruments and Exchange Act of Japan. As of this report's publication, audit procedures of financial statements have not been completed as stipulated under the provisions of the Financial Instruments and Exchange Act.

Cautionary statement with respect to earnings forecasts, and disclaimer

This report contains projections and other forward-looking statements which are based on currently available information and certain assumptions that the Senshu Ikeda Holdings considers to be reasonable. Various factors may cause actual results to be materially different from projections in these forward-looking statements.

Consolidated Financial Statements

(1) Consolidated Balance Sheets

		(Unit: Millions of yen)
	As of March 31, 2022	As of June 30, 2022
Assets
Cash and due from banks	1,723,186	1,713,365
Call loans and bills bought	368	326
Monetary claims bought	49	59
Money held in trust	24,521	25,530
Securities	648,256	707,308
Loans and bills discounted	4,503,834	4,516,453
Foreign exchange assets	7,506	6,390
Other assets	76,322	79,885
Tangible fixed assets	36,452	36,405
Intangible fixed assets	4,165	3,989
Net defined benefit assets	23,402	23,544
Deferred tax assets	3,778	5,051
Customers' liabilities for acceptances and guarantees	7,437	7,130
Reserve for possible loan losses	(14,865)	(14,016)
Total assets	7,044,417	7,111,424
Liabilities
Deposits	5,557,248	5,667,293
Negotiable certificates of deposit	－	1,000
Call money and bills sold	－	956
Payables under securities lending transactions	84,792	140,835
Borrowed money	1,082,890	981,809
Foreign exchange liabilities	302	389
Borrowed money from trust account	513	780
Other liabilities	55,870	59,767
Provision for employees' bonuses	2,504	624
Provision for directors' bonuses	90	17
Net defined benefit liability	141	144
Accrued retirement benefits for directors and audit & supervisory	4	4
board members
Reserve for reimbursement of deposits	286	286
Reserve for point services	64	23
Reserve for contingent losses	1,160	1,156
Reserve under special laws	11	11
Deferred tax liabilities	237	228
Acceptances and guarantees	7,437	7,130
Total liabilities	6,793,557	6,862,462
Net Assets
Capital stock	102,999	102,999
Capital surplus	42,108	42,114
Retained earnings	89,320	91,317
Treasury stock	(145)	(145)
Total shareholders' equity	234,283	236,285
Net unrealized gain (loss) on available-for-sale securities	7,607	3,937
Net unrealized gain (loss) on deferred hedges	(24)	26
Remeasurements of defined benefit plans	6,468	6,231
Total accumulated other comprehensive income	14,051	10,194
Stock subscription rights	86	96
Non-controlling interests	2,438	2,385
Total net assets	250,860	248,962
Total liabilities and net assets	7,044,417	7,111,424

1. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income

		(Unit: Millions of yen)
	For the three months	For the three months
	ended June 30, 2021	ended June 30, 2022
Ordinary revenue	20,563	22,831
Interest income	10,972	11,750
Interest on loans and bills discounted	9,943	9,758
Interest and dividends on securities	712	1,394
Trust fees	－	6
Fees and commissions	5,059	5,441
Other ordinary income	531	1,035
Other income	3,999	4,597
Ordinary expenses	16,582	17,838
Interest expenses	272	391
Interest on deposits	239	191
Fees and commissions payments	1,805	2,056
Other ordinary expenses	14	867
General and administrative expenses	11,332	11,205
Other expenses	3,157	3,317
Ordinary income	3,980	4,992
Extraordinary income	6	1
Gain on sales or disposal of fixed assets	6	1
Extraordinary loss	20	36
Loss on sales or disposal of fixed assets	11	6
Transfer to reserve for financial products transaction liabilities	0	0
Other extraordinary loss	8	29
Income before income taxes	3,965	4,957
Income taxes - current	263	267
Income taxes - deferred	495	610
Total income taxes	759	877
Profit	3,206	4,080
Profit attributable to non-controlling interests	22	(43)
Profit attributable to owners of the parent	3,183	4,123

Consolidated Statements of Comprehensive Income

		(Unit: Millions of yen)
	For the three months	For the three months
	ended June 30, 2021	ended June 30, 2022
Profit	3,206	4,080
Other comprehensive income	(172)	(3,856)
Net unrealized gain (loss) on available-for-sale securities	105	(3,670)
Net unrealized gain (loss) on deferred hedges	9	50
Remeasurements of defined benefit plans	(287)	(237)
Comprehensive income	3,033	223
Comprehensive income attributable to
Owners of the parent	3,011	266
Non-controlling interests	22	(43)