Seven Bank : Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022 (Consolidated Data)

Financial Results for the Third Quarter of the Fiscal Year Ending March 31, 2022 [JGAAP]

(Consolidated Data)

				February 4, 2022
Company name:	Seven Bank, Ltd.	Stock exchange listing:	Tokyo Stock Exchange
Stock code:	8410	URL	https://www.sevenbank.co.jp/
Representative:	(title) President and Representative Director
	(name) Yasuaki Funatake
For inquiries:	(title) Senior Managing Executive Officer, General Manager of Planning Division
	(name) Hisanao Kawada
	Telephone: [phone]

Scheduled date for filing of

February 8, 2022

Scheduled date for cash dividends:

-

quarterly financial report: Trading accounts: Not established

Quarterly earnings supplementary explanatory documents: Yes

Quarterly earnings presentation: Yes (Analysts, institutional investors)

(Amounts of less than one million yen are rounded down and percentages are rounded to the first decimal place, etc.)

1. Financial Highlights for the Third Quarter of the Fiscal Year Ending March 31, 2022 (April 1, 2021-December 31, 2021)

(1) Consolidated Operating Results (Accumulated)			(% represents the year-on-year change from
		the same period of the previous fiscal year.)
	Ordinary income		Ordinary profit		Net income attributable to
			owners of the parent
	Million yen		%	Million yen		%		Million yen	%
Nine months ended December 31, 2021	103,199		(0.7)	23,502		(18.1)		15,968	(25.3)
Nine months ended December 31, 2020	104,002		(7.4)	28,731		(8.9)		21,386	2.8
Note: Comprehensive income: Nine months ended December 31, 2021	16,848 million yen (-18.9%)
Nine months ended December 31, 2020	20,781 million yen (+0.1%)
	Net income per share	Diluted earnings per share
			Yen			Yen
Nine months ended December 31, 2021			13.58			-
Nine months ended December 31, 2020			18.16		18.16

Note: "Diluted earnings per share" for the nine months ended December 31, 2021, is not described because there were no dilutive shares.

(2) Consolidated Financial Position

	Total assets		Total net assets	Net assets to total assets ratio
		Million yen		Million yen	%
As of December 31, 2021		1,310,130		238,697	18.1
As of March 31, 2021		1,197,158		234,676	19.4
(Reference) Capital: As of December 31, 2021	237,149 million yen
As of March 31, 2021	233,269 million yen

Note: "Net assets to total assets ratio" is calculated as: (Total net assets at the end of the period - Non-controlling interests at the end of the period) / Total assets at the end of the period. Please note that this "Net assets to total assets ratio" is not the capital adequacy ratio specified in the notification of capital adequacy ratio.

2. Dividends

		Dividend per share
	First quarter	Semi-annual		Third quarter		Year end	Total
	Yen	Yen		Yen		Yen	Yen
Fiscal year ended March 31, 2021	-	5.50		-		5.50	11.00
Fiscal year ending March 31, 2022	-	5.50		-
Fiscal year ending March 31, 2022						5.50	11.00
(Forecasts)
Note: Revisions to most recently announced dividend forecasts (Yes/No): No

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

(% represents the year-on-year change from the previous fiscal year.)

	Ordinary income	Ordinary profit	Net income attributable	Net income per share
	to owners of the parent
	Million yen	%	Million yen	%	Million yen	%	Yen
Full year	137,600	0.2	28,300	(20.5)	19,700	(23.9)	16.75

Note: Revisions to most recently announced performance forecasts (Yes/No): No

Notes

1. Changes in important subsidiaries during the first 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)-

1. Application of accounting methods specific to the preparation of quarterly consolidated financial statements: None
2. Changes in accounting policy, changes in accounting estimates, and retrospective restatements

(a) Changes in accounting policy arising from revision of accounting standards, etc.	:	Yes
(b) Changes in accounting policy 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	As of December 31, 2021	1,179,308,000 shares	As of March 31, 2021	1,179,308,000 shares
treasury stock)
(b) Number of treasury shares	As of December 31, 2021	3,987,445 shares	As of March 31, 2021	3,587,793 shares
(c) Average number of shares for the period
Nine months ended	1,175,685,519 shares	Nine months ended	1,177,094,803 shares
under review (Three-month period)	December 31, 2021	December 31, 2020

Note: Number of treasury shares and average number of shares for the period under review include shares of the Company held by "Directors' Compensation BIP Trust" and "Stock Grant ESOP Trust."

• This quarterly earnings report is exempt from quarterly review procedures by a certified public accountant or audit corporation.
• Explanation of the appropriate use of earnings forecasts, and other special notes

This report contains earnings projections and other forward-looking statements which represent the judgement of Seven Bank based on currently available information. Various factors may cause actual results to be materially different from projections in these forward-looking statements.

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1. Quarterly Consolidated Financial Statements

(1) Consolidated Balance Sheets

		(Millions of yen)
	As of March 31, 2021	As of December 31, 2021
Assets
Cash and due from banks	937,945	978,703
Securities	78,154	86,037
Loans	24,329	26,566
Foreign currency	0	0
ATM-related temporary payments	83,681	136,137
Other assets	17,442	24,888
Tangible fixed assets	19,218	23,287
Intangible fixed assets	34,857	33,378
Asset for retirement benefits	909	1,007
Deferred tax assets	707	439
Allowance for credit losses	(88)	(316)
Total assets	1,197,158	1,310,130
Liabilities
Deposits	782,658	870,083
Negotiable certificates of deposits	750	650
Borrowed money	591	2,956
Bonds	105,000	105,000
ATM-related temporary advances	47,046	65,171
Other liabilities	25,098	26,368
Reserve for bonuses	610	400
Liability for retirement benefits	6	6
Reserve for directors' benefit trust	634	736
Deferred tax liabilities	87	59
Total liabilities	962,482	1,071,433
Net assets
Common stock	30,724	30,724
Capital surplus	30,724	30,724
Retained earnings	168,694	171,689
Treasury stock	(1,081)	(1,174)
Total shareholders' equity	229,061	231,963
Net unrealized gains on available-for-sale securities	440	757
Foreign currency translation adjustments	3,407	4,100
Accumulated adjustments for retirement benefit	359	326
Total accumulated other comprehensive income	4,207	5,185
Non-controlling interests	1,407	1,548
Total net assets	234,676	238,697
Total liabilities and net assets	1,197,158	1,310,130

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(2) Consolidated Statement of Income and Consolidated Statement of Comprehensive Income

Consolidated Statement of Income

			(Millions of yen)
	Nine months ended December 31, Nine months ended December 31,
2020		2021
Ordinary income		104,002	103,199
Interest income	2,692	2,989
(Interest on loans)		2,596	2,883
(Interest and dividends on securities)	24	26
Fees and commissions income		99,925	99,019
(ATM-related fee income)	93,927	92,093
Other operating income		128	323
Other ordinary income	1,255	867
Ordinary expenses		75,271	79,697
Interest expenses	410	445
(Interest on deposits)		53	37
Fees and commissions expenses	27,035	26,924
(ATM placement fee expenses)		21,606	21,349
(ATM-related fee expenses)	1,929	1,777
General and administrative expenses		47,288	51,408
Other ordinary expenses	536	918
Ordinary profit		28,731	23,502
Extraordinary income		200	424
Gain on disposal of fixed assets		200	8
Gain on change in equity	-	415
Extraordinary losses		83	1,131
Loss on disposal of fixed assets		83	418
Impairment loss		-	712
Income before income taxes		28,848	22,795
Income taxes-current		7,325	6,830
Income taxes-deferred	262	111
Total income taxes		7,587	6,942
Net income		21,261	15,852
Net loss attributable to non-controlling interests		(125)	(115)
Net income attributable to owners of the parent		21,386	15,968

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Consolidated Statements of Comprehensive Income

			(Millions of yen)
	Nine months ended December 31, Nine months ended December 31,
2020		2021
Net income		21,261	15,852
Other comprehensive income	(479)	995
Net unrealized gains on available-for-sale securities		(152)	317
Foreign currency translation adjustments	(317)	710
Adjustments for retirement benefit		(10)	(32)
Comprehensive income		20,781	16,848
Comprehensive income attributable to:
Owners of the parent	20,935	16,946
Non-controlling interests		(153)	(98)

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