Senshu Ikeda : Financial Results for the Third Quarter of the Fiscal Year ending March 31, 2022

Financial Results for the Third Quarter of the Fiscal Year ending March 31, 2022

(Consolidated Data)

January 28, 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

February 4, 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 Third Quarter of the Fiscal Year ending March 31, 2022

(April 1, 2021 － December 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

%

Nine months ended

62,239

2.5

12,911

61.6

10,205

61.9

December 31, 2021

Nine months ended

60,662

(7.4)

7,988

93.3

6,301

79.9

December 31, 2020

(Note) Comprehensive income:

Nine months ended December 31, 2021:

10,120million yen

[7.7％]

Nine months ended December 31, 2020:

9,391million yen

[ 7.9％ ]

Net income

Diluted earnings

per share

per share

Yen

Yen

Nine months ended

35.07

30.50

December 31, 2021

Nine months ended

21.11

18.81

December 31, 2020

(2) Consolidated Financial Position

Total assets

Total net assets

Equity ratio

Million yen

Million yen

%

As of December 31, 2021

7,266,253

254,015

3.4

As of March 31, 2021

6,705,548

247,042

3.6

(Reference) capital: As of December 31, 2021: 251,307 million yen; As of March 31, 2021: 244,531 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	－		3.75	7.50
March 31, 2021
Fiscal Year ending	－	3.75	－
March 31, 2022
Fiscal Year ending
March 31, 2022					3.75	7.50
(Forecasts)

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

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 the parent
		Million yen	%	Million yen	%	Million yen	%	Yen
Full Year	82,500	1.4	12,000	55.5	9,000	76.3	29.43
Note:	Revisions of the forecasts from recently announced figures: None
Note
(1)	Changes in significant subsidiaries during the third quarter of the fiscal year ending March 31, 2022 : 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. :		Yes
	(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 December 31, 2021	281,008,632	shares
As of March 31, 2021	281,008,632	shares
(b) Number of treasury shares
As of December 31, 2021	716,063	shares
As of March 31, 2021	804,214	shares
(c) Average number of shares for the period under review
Nine months ended December 31, 2021	280,265,952	shares
Nine months ended December 31, 2020	280,700,769	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.

• 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, 2021
Fiscal Year ending	－	15.00	－
March 31, 2022
Fiscal Year ending
March 31, 2022				15.00	30.00
(Forecasts)

Consolidated Financial Statements

(1) Consolidated Balance Sheets

		(Unit: Millions of yen)
	As of March 31, 2021	As of December 31, 2021
Assets
Cash and due from banks	1,671,441	1,922,561
Call loans and bills bought	9,414	2,547
Monetary claims bought	79	59
Trading account securities	－	20
Money held in trust	20,001	24,473
Securities	564,580	663,809
Loans and bills discounted	4,291,531	4,508,387
Foreign exchange assets	5,061	5,501
Other assets	83,958	81,597
Tangible fixed assets	37,122	36,287
Intangible fixed assets	4,632	4,087
Net defined benefit assets	23,462	23,789
Deferred tax assets	2,751	1,317
Customers' liabilities for acceptances and guarantees	7,407	7,479
Reserve for possible loan losses	(15,899)	(15,667)
Total assets	6,705,548	7,266,253
Liabilities
Deposits	5,408,845	5,623,919
Negotiable certificates of deposit	－	4,500
Call money and bills sold	－	185,000
Payables under securities lending transactions	10,323	71,201
Borrowed money	973,225	1,067,580
Foreign exchange liabilities	487	413
Borrowed money from trust account	－	312
Other liabilities	54,420	48,973
Provision for employees' bonuses	1,655	886
Net defined benefit liability	136	144
Accrued retirement benefits for directors and audit & supervisory	4	4
board members
Reserve for reimbursement of deposits	392	333
Reserve for point services	175	67
Reserve for contingent losses	1,171	1,163
Reserve under special laws	8	11
Deferred tax liabilities	250	244
Acceptances and guarantees	7,407	7,479
Total liabilities	6,458,505	7,012,237
Net Assets
Capital stock	102,999	102,999
Capital surplus	42,107	42,108
Retained earnings	81,087	88,126
Treasury stock	(163)	(145)
Total shareholders' equity	226,030	233,088
Net unrealized gain (loss) on available-for-sale securities	10,744	11,269
Net unrealized gain (loss) on deferred hedges	(133)	(78)
Remeasurements of defined benefit plans	7,889	7,027
Total accumulated other comprehensive income	18,500	18,218
Stock subscription rights	76	76
Non-controlling interests	2,434	2,631
Total net assets	247,042	254,015
Total liabilities and net assets	6,705,548	7,266,253

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

		(Unit: Millions of yen)
	For the Nine months	For the Nine months
	ended December 31, 2020	ended December 31, 2021
Ordinary revenue	60,662	62,239
Interest income	31,973	33,446
Interest on loans and bills discounted	29,618	29,960
Interest and dividends on securities	1,942	1,789
Trust fees	－	6
Fees and commissions	15,040	15,991
Other ordinary income	1,954	1,710
Other income	11,694	11,085
Ordinary expenses	52,674	49,328
Interest expenses	1,029	747
Interest on deposits	848	699
Fees and commissions payments	5,537	5,283
Other ordinary expenses	21	34
General and administrative expenses	34,189	33,816
Other expenses	11,896	9,446
Ordinary income	7,988	12,911
Extraordinary income	27	6
Gain on sales or disposal of fixed assets	27	6
Extraordinary loss	92	58
Loss on sales or disposal of fixed assets	30	44
Impairment loss	3	3
Transfer to reserve for financial products transaction liabilities	2	2
Other extraordinary loss	55	8
Income before income taxes	7,924	12,859
Income taxes - current	331	1,377
Income taxes - deferred	1,244	1,079
Total income taxes	1,575	2,456
Profit	6,349	10,403
Profit attributable to non-controlling interests	47	197
Profit attributable to owners of the parent	6,301	10,205

Consolidated Statements of Comprehensive Income

		(Unit: Millions of yen)
	For the Nine months	For the Nine months
	ended December 31, 2020	ended December 31, 2021
Profit	6,349	10,403
Other comprehensive income	3,042	(282)
Net unrealized gain (loss) on available-for-sale securities	3,228	525
Net unrealized gain (loss) on deferred hedges	13	55
Remeasurements of defined benefit plans	(199)	(862)
Comprehensive income	9,391	10,120
Comprehensive income attributable to
Owners of the parent	9,344	9,923
Non-controlling interests	47	197