Member of the Financial Accounting Standards Foundation
Consolidated Financial Summary (for the six months ended September 30, 2018)
October 26, 2018
Company Name:Tokai Tokyo Financial Holdings, Inc.
Stock Listings: First sections of the Tokyo Stock Exchange and Nagoya Stock Exchange
Stock Code: | 8616 |
Representative: | Tateaki Ishida, President & CEO |
Contact: | Tetsuji Oono |
URL:http://www.tokaitokyo-fh.jp/
Executive officer, General Manager - Finance Planning Departmen
Telephone: (03) 3517-8391
Expected date for submission of quarterly report: November 13, 2018 Scheduled day of commencing dividend payment: November 22, 2018 Supplementary explanation documents for quarterly earnings: Yes
Quarterly results briefing planned: Yes (for financial analysts and institutional investors)
(Figures are rounded down to the nearest one million yen and those in parentheses are negative figures.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2018
(1) Consolidated Results of Operation
(Figures in percentages denote the year-on-year change.)
(Note) Comprehensive income
Six-month period ended September 30, 2018: 2,381 million yen [(86.6%)]
Six-month period ended September 30, 2017: 17,759 million yen [628.3%]
Net income per share
Diluted net income per share
Six months ended
September 30,2018
September 30,2017
yen 11.85 64.81
yen 11.84 64.78
(Note) At the end of the fiscal year ended March 31, 2018, Tokai Tokyo Financial Group finalized provisional accounting treatment related to the business combination.The consolidated financial statements for the year ended September 30, 2017 reflect the finalized provisional accounting treatment.
(2) Consolidated Financial Position
As of
September 30,2018
March 31,2018
(Reference) Shareholders' equity
Total assets | Net assets | Net assets per share | |
million yen | million yen | % | yen |
987,218 | 171,095 | 17.1 | 653.13 |
964,533 | 174,849 | 17.9 | 668.18 |
September 30, 2018: 168,743 million yen
Equity ratio
March 31, 2018: 172,629 million yen
2. Dividends
(Base date)
Fiscal year
Ended March 31, 2018
Ending March 31, 2019
Ending March 31, 2019 (Forecast)
(Note) 1) Revision to the dividend forecast that has been disclosed lastly: None
2) Dividend forecast for the fiscal year ending March 31, 2019 has not been determined.
3. Forecast of Consolidated Operating Results for Fiscal 2018 (from April 1, 2018 to March 31, 2019)
The Group operates principally in the financial instruments business, and its operating results are likely to be affected by market fluctuations. Due to such nature of its business and consequential difficulty in predicting its performance, the Group does not disclose the forecast of operating results.
* Notes
(1) Important Changes in Subsidiaries during the Term (Changes Pursuant to the Subsidiaries that Lead to a Change in the Scope of Consolidation): None
New : None Exclusion : None
(2) Application of Special Accounting Treatments in Preparing Quarterly Consolidated Financial Statements: None
(3) Changes in Accounting Policies or Estimates and Retrospective Restatements
1) Changes in accounting policies in accordance with revision of accounting standards: None
2) Changes in accounting policies other than item 1) above: None
3) Change in accounting estimates: None
4) Retrospective restatements: None
(4) Number of Shares Issued (Common Stock)
1) Number of shares issued at the end of the term including treasury shares
As of September 30, 2018: 270,582,115 As of March 31, 2018: 270,582,115
2) Number of treasury shares at the end of the term
As of September 30, 2018:
12,222,607
As of March 31, 2018:
12,225,394
3) Average number of shares outstanding (for the six months)Six months ended September 30, 2018: 258,357,441
Six months ended September 30, 2017: 261,730,356
* This consolidated financial summary is exempt from certified public accountant and audit corporations
* Note to proper use of forecast of operating results and other special remarks
Dividends for the fiscal year ending March 31, 2019 have not been determined because it is difficult to forecast operating results, as described similarly in "3.Forecast of Consolidated Operating Results for Fiscal 2018.''
* How to view supplementary explanation documents for quarterly earnings
Supplementary explanation documents for quarterly earnings will be available on both Timely Disclosure network and our websiteon Friday, October 26, 2018.
Consolidated Financial Statements
(1) Consolidated Balance Sheets
(Unit: million yen)
As of March 31, 2018
As of September 30, 2018
Assets
Current assets
Cash and deposits
Cash segregated as deposits
Cash segregated as deposits for customers
Cash segregated as deposits for others
Trading products
Trading securities and other
Derivatives
Trade date accrual
Margin transaction assets
Loans on margin transactions
Cash collateral pledged for securities borrowing on margin
transactions
Loans secured by securities
Cash collateral pledged for securities borrowed
Loans on Gensaki transactions
Advances paid
Short-term guarantee deposits
Short-term loans receivable
Short-term investment securities
Accrued income
Other
Allowance for doubtful accounts Total current assets Non-current assets
Property, plant and equipment
Intangible assets
Investments and other assets
Investment securities
Long-term guarantee deposits
Deferred tax assets
Net defined benefit asset
Other
Allowance for doubtful accounts Total non-current assets
90,594 56,101
45,830 41,630
45,000 40,900
830 730
388,099 364,273
384,823 362,043
3,276 2,229
- 27,567
57,297 57,952
52,161 37,127
5,135 20,824
289,117 345,884
289,117 27,494
- 318,389
1,170 386
15,411 13,042
157 243
3,000 3,000
2,417 2,721
9,058 5,791
(50) (35)
902,103
918,559
8,127 8,882
5,486 5,394
48,815 54,381
40,969 45,252
3,161 4,554
140 51
3,542 3,579
1,386 1,314
(385) (371)
Total assets
62,429 964,533
68,659 987,218
(Unit: million yen)
As of | As of | |
March 31, 2018 | September 30, 2018 | |
Liabilities | ||
Current liabilities | ||
Trading products | 281,709 | 309,221 |
Trading securities and other | 276,368 | 303,018 |
Derivatives | 5,340 | 6,202 |
Trade date accrual | 21,952 | - |
Margin transaction liabilities | 19,413 | 15,051 |
Borrowings on margin transactions | 17,879 | 12,348 |
Cash received for securities lending on margin transactions | 1,534 | 2,703 |
Loans payable secured by securities | 197,538 | 204,813 |
Cash received on debt credit transaction of securities | 197,538 | 23,373 |
Borrowings on Gensaki transactions | - | 181,439 |
Deposits received | 35,794 | 43,914 |
Guarantee deposits received | 12,794 | 10,474 |
Short-term loans payable | 78,752 | 90,216 |
Short-term bonds payable | 12,000 | 14,000 |
Current portion of bonds | 29,594 | 37,831 |
Income taxes payable | 4,090 | 802 |
Provision for bonuses | 3,222 | 2,123 |
Provision for directors' bonuses | 61 | 18 |
Other | 7,583 | 4,646 |
Total current liabilities | 704,507 | 733,114 |
Non-current liabilities | ||
Bonds payable | 16,200 | 17,458 |
Long-term loans payable | 64,906 | 61,440 |
Deferred tax liabilities | 1,716 | 1,678 |
Provision for directors' retirement benefits | 63 | 97 |
Net defined benefit liability | 208 | 198 |
Other | 1,468 | 1,517 |
Total non-current liabilities | 84,564 | 82,389 |
Reserves under special laws | ||
Reserve for financial products transaction liabilities | 611 | 617 |
Total reserves under special laws | 611 | 617 |
Total liabilities | 789,683 | 816,122 |
Net assets | ||
Shareholders' equity | ||
Capital stock | 36,000 | 36,000 |
Capital surplus | 28,958 | 28,960 |
Retained earnings | 108,761 | 105,621 |
Treasury shares | (6,188) | (6,187) |
Total shareholders' equity | 167,531 | 164,395 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 2,519 | 2,165 |
Foreign currency translation adjustment | (168) | (373) |
Remeasurements of defined benefit plans | 2,745 | 2,555 |
Total accumulated other comprehensive income | 5,097 | 4,348 |
Share acquisition rights | 556 | 607 |
Non-controlling interests | 1,664 | 1,745 |
Total net assets | 174,849 | 171,095 |
Total liabilities and net assets | 964,533 | 987,218 |
(2) Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income
(Six months ended September 30)
(Unit: million yen)Six months ended September 30, 2017
Six months ended September 30, 2018
Operating revenue
Commission received 16,378
Commission to consignees 7,991
Commission for underwriting, secondary distribution and solicitation for selling and others for professional investors Fee for offering, secondary distribution and solicitation for selling and others for professional investors
437 3,614
Other fees received 4,335
Net trading income 21,608
Financial revenue 1,843
Total operating revenue Financial expenses
Net operating revenue
Selling, general and administrative expenses
39,831 1,126 38,704
Trading related expenses 6,670
Personnel expenses 14,937
Real estate expenses 3,434
Office cost 3,963
Depreciation 930
Taxes and dues 817
Other 1,155
Total selling, general and administrative expenses Operating income
Non-operating income
31,909 6,795
Dividend income 303
Rent income 287
Share of profit of entities accounted for using equity method 721
Total non-operating income Non-operating expenses
Gain on investments in partnership Other
Loss on investments in partnership Foreign exchange losses
Other
Total non-operating expenses Ordinary income
14,736 5,895
518 3,389
4,933 18,474 2,632
35,842 1,128 34,714
6,145
15,023
3,699
3,962
1,072
659
1,085
31,648 3,066
266 245 415
143 96 1,553
71104 1,103
70 75
20 55
10 101 8,246
52 183 3,985
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Tokai Tokyo Financial Holdings Inc. published this content on 26 October 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 26 October 2018 02:46:02 UTC