Summary of Consolidated Financial Results for the Six Months Ended September 30, 2022

November 11, 2022

Company name:

Japan Post Holdings Co., Ltd.

Stock exchange listing:

Tokyo Stock Exchange

Code number:

6178

URL:

https://www.japanpost.jp/en/

Representative:

MASUDA Hiroya, Director and Representative Executive Officer, President & CEO

Contact:

ISHIKAWA Takanori, Head of IR Office, Corporate Planning Dept.

Phone:

+81-3-3477-0206

Scheduled date of filing interim securities report:

November 25, 2022

Scheduled date of commencing dividend payments:

-

Trading accounts:

Unestablished

Availability of supplementary briefing material on interim financial results:

Available

Schedule of interim financial results briefing session:

Scheduled (for institutional investors and analysts)

(Amounts of less than one million yen are rounded down.)

1. Consolidated Financial Results for the Six Months Ended September 30, 2022

(April 1, 2022 to September 30, 2022)

(1) Consolidated Results of Operations

(% indicates changes from the previous corresponding period.)

Ordinary income

Net ordinary income

Net income attributable to

Japan Post Holdings

Million yen

%

Million yen

%

Million yen

%

Six months ended

5,450,460

(5.2)

294,391

(46.2)

205,912

(22.3)

September 30, 2022

Six months ended

5,750,780

2.0

547,668

51.9

265,163

48.2

September 30, 2021

(Note) Comprehensive income: Six months ended September 30, 2022: ¥(860,052)

million [-%]

Six months ended September 30, 2021: ¥480,185 million [(82.6)%]

Net income per share

Diluted net income per share

Yen

Yen

Six months ended

56.81

-

September 30, 2022

Six months ended

68.33

-

September 30, 2021

(Note) Because there was no potential common stock, the amount for diluted net income per share is omitted.

(2) Consolidated Financial Position

Total assets

Net assets

Equity ratio (Note)

Million yen

Million yen

%

As of September 30, 2022

295,203,305

13,509,037

3.8

As of March 31, 2022

303,846,980

14,688,981

4.1

(Reference) Equity: As of September 30, 2022: ¥11,319,209 million

As of March 31, 2022:

¥12,309,391 million

(Note) Equity ratio = [(Net assets - Non-controlling interests) / Total assets] x 100

2. Dividends

Annual dividend

1st

2nd

3rd

Year-end

Total

quarter-end

quarter-end

quarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

-

0.00

-

50.00

50.00

Fiscal year ending March 31, 2023

-

0.00

Fiscal year ending March 31, 2023

-

50.00

50.00

(Forecast)

(Note) Revision of dividends forecast to the latest announcement: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 1, 2022 to March 31, 2023)

(% indicates changes from the previous corresponding period.)

Ordinary income

Net ordinary income

Net income attributable

Net income per share

to Japan Post Holdings

Fiscal year ending

Million yen

%

Million yen

%

Million yen

%

Yen

10,670,000

(5.3)

700,000

(29.4)

400,000

(20.3)

111.39

March 31, 2023

(Note) Revision of financial results forecast to the latest announcement: None

* Notes:

  1. Changes in significant subsidiaries during the fiscal period under review (changes in specified subsidiaries resulting in changes in scope of consolidation): No
  2. Changes in accounting policies, changes in accounting estimates and retrospective restatement
    1. Changes in accounting policies due to the revision of accounting standards: Yes
    2. Changes in accounting policies other than 1) above: No
    3. Changes in accounting estimates: No
    4. Retrospective restatement: No

(Note) Please refer to 2. Interim Consolidated Financial Statements and Primary Notes (4) Notes to Interim Consolidated Financial Statements (Changes in Accounting Policies) on page 10 of the Attachment for details.

(3) Total number of shares issued (common stock)

  1. Total number of shares issued at the end of the fiscal period (including treasury stock): As of September 30, 2022: 3,657,797,700 shares

As of March 31, 2022:

3,767,870,229 shares

  1. Total number of treasury stock at the end of the fiscal period: As of September 30, 2022: 100,488,423 shares

As of March 31, 2022:

105,519,251 shares

3) Average number of shares during the fiscal period:

Six months ended September 30, 2022: 3,624,799,705 shares

Six months ended September 30, 2021: 3,880,481,363 shares

(Note) The total number of treasury stock at the end of the fiscal period includes the shares of the Company held by the management board benefit trust of 1,140,500 shares and 375,400 shares as of September 30, 2022 and March 31, 2022, respectively. The number of treasury stock excluded from calculation of the average number of shares during the fiscal period includes the shares of the Company held by the management board benefit trust of 905,232 shares and 440,716 shares for the six months ended September 30, 2022 and 2021, respectively.

(Summary of non-consolidated financial results)

1. Non-consolidated Financial Results for the Six Months Ended September 30, 2022 (April 1, 2022 to September 30, 2022)

(1) Non-consolidated Results of Operations

(% indicates changes from the previous corresponding period.)

Operating income

Net operating income

Net ordinary income

Net income

Million yen

%

Million yen

%

Million yen

%

Million yen

%

Six months ended

213,022

(8.8)

174,025

(10.8)

183,095

(9.3)

195,445

(34.6)

September 30, 2022

Six months ended

233,574

82.1

195,036

93.9

201,962

91.5

298,990

-

September 30, 2021

Net income per share

Yen

Six months ended

53.92

September 30, 2022

Six months ended

77.05

September 30, 2021

(2) Non-consolidated Financial Position

Total assets

Net assets

Equity ratio (Note)

Million yen

Million yen

%

As of September 30, 2022

5,756,087

5,613,946

97.5

As of March 31, 2022

5,848,650

5,740,721

98.2

(Reference) Equity: As of September 30, 2022: ¥5,613,946 million

As of March 31, 2022:

¥5,740,721 million

(Note) Equity ratio = (Net assets / Total assets) x 100

  • This summary of interim consolidated financial results is outside the scope of interim audit procedures by Certified Public Accountants or Audit Firm.
  • Explanation on appropriate use of financial results forecast and other specific matters
    Forecasts and other forward-looking statements presented in this document are based on information that the Company is aware of at present and certain assumptions that the Company has deemed reasonable, and the Company provides no assurance that the forecasts will be achieved or with respect to any other forward-looking statements. The actual future results may vary considerably depending upon various factors, such as the impact of the spread of COVID-19, the impact of Russia's invasion of Ukraine, interest rate fluctuations, stock price fluctuations, foreign exchange fluctuations, asset value fluctuations, changes in the economic and financial environment, changes in the competitive environment, the occurrence of large-scale disasters, etc. and changes in laws and regulations. The Company disclaims any responsibility to update any forward-looking statements contained herein to the extent permitted by law or stock exchange rule.

Japan Post Holdings Co., Ltd

[Attachment]

Table of Contents

1. Qualitative Information on Interim Consolidated Financial Results for the Fiscal Period under Review..............

2

(1)

Explanation of Results of Operations.........................................................................................................

2

(2)

Explanation of Financial Position ..............................................................................................................

2

(3)

Explanation of Consolidated Financial Results Forecast and Other Future Projections ............................

3

2. Interim Consolidated Financial Statements and Primary Notes…………………………………………………...4

(1)

Interim Consolidated Balance Sheets.........................................................................................................

4

(2)

Interim Consolidated Statements of Income and Interim Consolidated Statements of Comprehensive

Income........................................................................................................................................................

6

(3)

Interim Consolidated Statements of Changes in Net Assets.......................................................................

8

(4)

Notes to Interim Consolidated Financial Statements ...............................................................................

10

(Notes on Going-Concern Assumption) ...................................................................................................

10

(Changes in Accounting Policies).............................................................................................................

10

(Segment Information) .............................................................................................................................

11

3. Interim Non-consolidated Financial Statements………………………………………………………….13

(1)

Interim Non-consolidated Balance Sheets ...............................................................................................

13

(2)

Interim Non-consolidated Statements of Income .....................................................................................

15

(3)

Interim Non-consolidated Statements of Changes in Net Assets .............................................................

16

Supplementary Briefing Material:

Materials for Consolidated Financial Results for the Six Months Ended September 30, 2022

1

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Japan Post Holdings Co. Ltd. published this content on 11 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 11 November 2022 08:11:02 UTC.