Senshu Ikeda : Financial Results for the Fiscal Year ended March 31, 2021

Financial Results for the Fiscal Year ended March 31, 2021

(Consolidated Data)

			May 14, 2021
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:		Osamu	Tsukagoshi, Executive Officer, General Manager of the
	Corporate Planning and General Affairs Division
		Telephone: [phone]

Scheduled date for General Meeting of Shareholders	June 23, 2021
Scheduled date for filing securities report:	June 24, 2021
Scheduled date to commence dividend payments:	June 24, 2021
Segregated trading accounts:	None
Supplementary material on financial results:	Yes
Financial results presentation meeting:	Yes (Analysts, institutional investors)

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

1. Financial Results for the Fiscal Year ended March 31, 2021(April 1, 2020－March 31, 2021)

(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	%
Fiscal year ended	81,328		(7.8)				7,714		55.9			5,103	29.4
March 31, 2021
Fiscal year ended		88,221		(9.3)				4,946		(48.9)			3,943	(35.7)
March 31, 2020
(Note) Comprehensive income:	Fiscal year ended March 31, 2021:	17,448million yen		[－％]
		Fiscal year ended March 31, 2020:	(1,216)million yen	[ －％ ]
		Net income	Diluted earnings	Return on		Ordinary income	Ordinary income
			on ordinary
		per share	per share	net assets		on total assets
			revenue
		Yen	Yen				%				%		%
Fiscal year ended	15.51			15.24		2.1			0.1		9.4
March 31, 2021
Fiscal year ended		11.40			11.39		1.6			0.0		5.6
March 31, 2020

(Reference) Equity in earnings (loss) of affiliates:

Fiscal year ended March 31, 2021:	(28)million yen
Fiscal year ended March 31, 2020:	8million yen

(2) Consolidated Financial Position

			Total assets		Total net assets	Equity ratio			Net assets per share
			Million yen		Million yen	%			Yen
	As of March 31, 2021	6,705,548	247,042		3.6	782.13
	As of March 31, 2020		5,492,555		232,373		4.1		729.15

(Reference) capital: As of March 31, 2021: 244,531 million yen; As of March 31, 2020: 230,071 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.

(3) Consolidated Cash Flows

	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at
	operating activities	investing activities	financing activities
	end of year
	Million yen	Million yen	Million yen	Million yen
Fiscal year ended	880,026	(18,923)	(2,776)	1,660,156
March 31, 2021
Fiscal year ended	17,352	50,863	(2,896)	801,973
March 31, 2020

2. Dividends

		Annual Dividends per Share		Annual	Dividend	Dividend on
	First	Second	Third	Year	Total	Dividends	payout ratio	Net Assets
	(Total)	(Consolidated)	(Consolidated)
	Quarter	Quarter	Quarter	End
	Yen	Yen	Yen	Yen	Yen	Million yen	%	%
Fiscal Year ended	－	3.75	－	3.75	7.50	2,105	65.7	1.0
March 31, 2020
Fiscal Year ended	－	3.75	－	3.75	7.50	2,103	48.3	0.9
March 31, 2021
Fiscal Year ending
March31,2022	－	3.75	－	3.75	7.50		43.3
(Forecasts)

Note: Please refer to "Cash Dividends for Shareholders of Classified Stock" stated hereinafter for information on classified stock (unlisted) which has different rights relation from that of common stocks.

3. Financial Forecasts for the Fiscal Year ending March 31, 2022(April 1, 2021－March 31, 2022)

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

			Ordinary revenue			Ordinary income		Profit attributable to	Net income per share
						owners of parent
			Million yen	%			Million yen	%		Million yen	%		Yen
	First half of fiscal year	42,000		5.3	3,700	(32.4)	2,600	(41.5)		7.94
	Full Year		82,000		0.8		7,600		(1.4)		5,600		9.7		17.30

Note

1. Changes in significant subsidiaries during the fiscal year ended March 31, 2021 : None (Changes in specific subsidiaries involving changes in the scope of consolidation)

Added －(company name)－Excluded－(company name)－

(2) Changes in accounting policies, changes in accounting estimates, and retrospective restatements

(a) Changes in accounting policies due to revision of accounting standards etc. :	None
(b) Changes in accounting policies other than those noted in (a) above :	None
(c) Changes in accounting estimates :	None
(d) Retrospective restatements :	None

(3) Number of shares (common stock)
(a) Number of shares in issue (including treasury stock)
As of March 31, 2021	281,008,632	shares
As of March 31, 2020	281,008,632	shares
(b) Number of treasury shares
As of March 31, 2021	804,214	shares
As of March 31, 2020	277,099	shares
(c) Average number of shares for the period under review
Fiscal year ended March 31, 2021	280,578,514	shares
Fiscal year ended March 31, 2020	280,142,686	shares

(Reference) Overview of Non-Consolidated Financial Results

1. Non-consolidated Financial Highlights for the Fiscal Year ended March 31, 2021 (April 1, 2020－March 31, 2021)

(1) Non-consolidated Operating Results

(%: Changes from previous fiscal year)

		Operating revenue	Operating income	Ordinary income	Net income
		Million yen	%	Million yen	%	Million yen	%	Million yen	%
	Fiscal year ended	3,590		(23.0)	2,929		(20.6)	2,932		(21.9)	2,909		(22.8)
	March 31, 2021
	Fiscal year ended	4,667		(26.3)	3,691		(29.3)	3,756		(28.6)	3,773		(29.6)
	March 31, 2020
		Net income	Diluted earnings
		per share	per share
		Yen		Yen
	Fiscal year ended			7.69			7.68
	March 31, 2021
	Fiscal year ended			10.79			10.78
	March 31, 2020
(2) Non-consolidated Financial Conditions
		Total assets	Total net assets	Equity ratio	Net assets per share
		Million yen	Million yen	%		Yen
	As of March 31, 2021			193,747			192,229			99.1			595.20
	As of March 31, 2020			193,426			192,251			99.3			594.15

(Reference) Capital: As of March 31, 2021: 192,153million yen; As of March 31, 2020: 192,172 million yen

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

2. Non-Consolidated Performance Forecasts for the Fiscal Year ending March 31, 2022 (April 1, 2021－March 31, 2022)

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

			Operating revenue		Operating income		Ordinary income		Net income	Net income per share
			Million yen	%		Million yen	%		Million yen	%		Million yen	%		Yen
	First half of fiscal year	1,800	(3.2)	1,400	(5.5)	1,400	(5.6)	1,400	(4.3)		3.65
	Full Year		3,600		0.2		2,900		(1.0)		2,900		(1.1)		2,900		(0.3)		7.67

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.

〇Cash Dividends for Shareholders of Classified Stock

Cash dividends per share for shareholders of classified stock which has different rights relation from that of common stocks are as follows:

(First series of seventh-class preferred stock)

			Dividends per share
	First	Second	Third	Year	Total
	Quarter	Quarter	Quarter	End
	Yen	Yen	Yen	Yen	Yen
Fiscal Year ended	－	15.00	－	15.00	30.00
March 31, 2020
Fiscal Year ended	－	15.00	－	15.00	30.00
March 31, 2021
Fiscal Year ending
March 31, 2022	－	15.00	－	15.00	30.00
(Forecasts)

Consolidated Financial Statements

(1) Consolidated Balance Sheets

		(Unit: Millions of yen)
	As of March 31, 2020	As of March 31, 2021
Assets
Cash and due from banks	807,879	1,671,441
Call loans and bills bought	6,651	9,414
Monetary claims bought	99	79
Trading account securities	50	－
Money held in trust	19,988	20,001
Securities	548,789	564,580
Loans and bills discounted	3,963,504	4,291,531
Foreign exchange assets	5,468	5,061
Other assets	77,889	83,958
Tangible fixed assets	38,539	37,122
Buildings	14,859	14,277
Land	15,196	15,195
Lease assets	5	8
Construction in progress	3	－
Other tangible fixed assets	8,474	7,640
Intangible fixed assets	5,175	4,632
Software	4,153	3,833
Goodwill	55	27
Other intangible fixed assets	966	771
Net defined benefit assets	12,587	23,462
Deferred tax assets	9,104	2,751
Customers' liabilities for acceptances and guarantees	8,210	7,407
Reserve for possible loan losses	(11,385)	(15,899)
Total assets	5,492,555	6,705,548
Liabilities
Deposits	4,987,885	5,408,845
Payables under securities lending transactions	－	10,323
Borrowed money	209,104	973,225
Foreign exchange liabilities	556	487
Other liabilities	51,320	54,420
Provision for employees' bonuses	1,201	1,655
Net defined benefit liability	139	136
Accrued retirement benefits for directors and audit & supervisory	4	4
board members
Reserve for reimbursement of deposits	519	392
Reserve for point services	183	175
Reserve for contingent losses	873	1,171
Reserve under special laws	6	8
Deferred tax liabilities	176	250
Acceptances and guarantees	8,210	7,407
Total liabilities	5,260,182	6,458,505
Net Assets
Capital stock	102,999	102,999
Capital surplus	42,105	42,107
Retained earnings	78,839	81,087
Treasury stock	(94)	(163)
Total shareholders' equity	223,850	226,030
Net unrealized gain (loss) on available-for-sale securities	5,752	10,744
Net unrealized gain (loss) on deferred hedges	(170)	(133)
Remeasurements of defined benefit plans	638	7,889
Total accumulated other comprehensive income	6,220	18,500
Stock subscription rights	79	76
Non-controlling interests	2,223	2,434
Total net assets	232,373	247,042
Total liabilities and net assets	5,492,555	6,705,548