Member of the Financial Accounting Standards Foundation
Consolidated Financial Summary (for the nine months ended December 31, 2021)
January 28, 2022 | ||||||||||
Company Name: | Tokai Tokyo Financial Holdings, Inc. | |||||||||
Stock Listings: | First sections of the Tokyo Stock Exchange and Nagoya Stock Exchange | |||||||||
Stock Code: | 8616 | URL:http://www.tokaitokyo-fh.jp/ | ||||||||
Representative: | Ichirou Gouda, President | |||||||||
Contact: | Junichi Takahashi | |||||||||
General Manager - Finance Planning Department | ||||||||||
Telephone: +81-(0)3-3517-8391 | ||||||||||
Expected date for submission of quarterly report: | February 9, 2022 | |||||||||
Scheduled day of commencing dividend payment: | ||||||||||
Supplementary explanation documents for quarterly earnings: Yes | ||||||||||
Quarterly results briefing planned: | None | |||||||||
(Figures are rounded down to the nearest one million yen and those in parentheses are negative figures.) | ||||||||||
1. Consolidated Financial Results for the Nine Months Ended December 31, 2021 | ||||||||||
(1) Consolidated Results of Operation | (Figures in percentages denote the year-on-year change.) | |||||||||
Operating revenue | Net operating revenue | Operating income | Ordinary income | Profit attributable to | ||||||
owners of parent | ||||||||||
Nine months ended | million yen | % | million yen | % | million yen | % | million yen | % | million yen | % |
December 31,2021 | 62,071 | 24.1 |
December 31,2020 | 50,004 | 8.0 |
(Note) Comprehensive income | ||
Net income per share | ||
Nine months ended | yen |
60,364 | 25.5 | 9,294 | 62.2 | 11,190 | 57.1 | 12,259 | 141.0 |
48,111 | 7.1 | 5,730 | - | 7,121 | - | 5,087 | 102.9 |
Nine-month ended December 31, 2021: | 12,652 million yen [111.5%] | ||||||
Nine-month ended December 31, 2020: | 5,983 million yen [202.9%] | ||||||
Diluted net income | |||||||
per share | |||||||
yen |
December 31,2021 | 49.35 | 49.23 |
December 31,2020 | 20.48 | - |
(Note) We post no figure of diluted net income per share for the 3rd Quarter of FYE March 2021 as the Company has no potential stock that has dilution effect.
(Note) From the 1st Quarter of FYE March, 2022 the Company has made changes in the presentation method. Therefore, the operating income of previous year's consolidated results of operation reflect that.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio | Net assets per share | ||
As of | million yen | million yen | % | yen | |
December 31,2021 | 1,536,495 | 184,655 | 11.2 | 690.95 | |
March 31,2021 | 1,416,569 | 172,684 | 11.7 | 666.65 | |
(Reference) Shareholders' equity | December 31, 2021: 171,676 million yen | March 31, 2021: 165,572 million yen |
2. Dividends
(Base date)
Fiscal year
Ended March 31, 2021 Ending March 31, 2022
Ending March 31, 2022 (Forecast)
Dividend per share
End of | End of | End of | End of year | Annual | |
first quarter | second quarter | third quarter | |||
yen | yen | yen | yen | yen | |
- | 8.00 | - | 14.00 | 22.00 | |
- | 10.00 | ||||
- | - | ||||
(Note) 1) Revision to the dividend forecast that has been disclosed lastly: None
2) The dividend of 8.00 yen at the end of second quarter for the year ending March 31, 2021 includes commemorative dividend of 2.00 yen.
- The dividend of 14.00 yen at the end of year for the year ended March 31, 2021 includes commemorative dividend of 2.00 yen.
- Dividend forecast for the fiscal year ending March 31, 2022 has not been determined.
3. Forecast of Consolidated Operating Results for Fiscal 2021 (from April 1, 2021 to March 31, 2022)
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
- Important Changes in Subsidiaries during the Term (Changes Pursuant to the Subsidiaries that Lead to a Change in the Scope of
Consolidation): Yes
New : 2 companies (ACE Securities Co.,Ltd. , Maruhachi Securities Co.,Ltd. )
Exclusion : None
- Application of Special Accounting Treatments in Preparing Quarterly Consolidated Financial Statements: None
- Changes in Accounting Policies or Estimates and Retrospective Restatements
- Changes in accounting policies in accordance with revision of accounting standards: Yes
- Changes in accounting policies other than item 1) above: None
- Change in accounting estimates: None
- Retrospective restatements: None
- Number of Shares Issued (Common Stock)
- Number of shares issued at the end of the term including treasury shares
As of December 31, 2021: | 260,582,115 | As of March 31, 2021: | 260,582,115 | |
2) | Number of treasury shares at the end of the term | |||
As of December 31, 2021: | 12,118,156 | As of March 31, 2021: | 12,218,314 | |
3) | Average number of shares outstanding (for the nine months) | |||
Nine months ended December 31, 2021: 248,394,798 | Nine months ended December 31, 2020: 248,365,067 |
- This consolidated financial summary is not subject to certified public accountant's or audit corporation's review.
- Note to proper use of forecast of operating results and other special remarks
Dividends for the fiscal year ending March 31, 2022 have not been determined because it is difficult to forecast operating results, as described similarly in "3.Forecast of Consolidated Operating Results for Fiscal 2021.''
* 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 website on Friday, January 28, 2021.
Consolidated Financial Statements
(1) Consolidated Balance Sheets
(Unit: million yen) | ||
As of | As of | |
March 31, 2021 | December 31, 2021 | |
Assets | ||
Current assets | ||
Cash and deposits | 83,589 | 131,352 |
Cash segregated as deposits | 83,622 | 77,224 |
Cash segregated as deposits for customers | 80,800 | 74,001 |
Cash segregated as deposits for others | 2,821 | 3,223 |
Trading products | 588,098 | 548,584 |
Trading securities and other | 583,391 | 543,265 |
Derivatives | 4,706 | 5,319 |
Trade date accrual | - | 2,598 |
Margin transaction assets | 100,450 | 78,120 |
Loans on margin transactions | 34,362 | 50,892 |
Cash collateral pledged for securities borrowing on margin | 66,087 | 27,227 |
transactions | ||
Loans secured by securities | 407,829 | 543,904 |
Cash collateral pledged for securities borrowed | 28,756 | 151,001 |
Loans on Gensaki transactions | 379,072 | 392,903 |
Advances paid | 8,395 | 614 |
Short-term guarantee deposits | 37,915 | 38,022 |
Short-term loans receivable | 14,492 | 31,766 |
Accrued income | 4,189 | 3,740 |
Other | 14,196 | 5,965 |
Allowance for doubtful accounts | (101) | (110) |
Total current assets | 1,342,676 | 1,461,785 |
Non-current assets | ||
Property, plant and equipment | 10,740 | 10,818 |
Intangible assets | 5,594 | 6,890 |
Investments and other assets | 57,557 | 57,001 |
Investment securities | 48,155 | 43,953 |
Long-term guarantee deposits | 3,862 | 5,450 |
Deferred tax assets | 35 | 42 |
Retirement benefit asset | 4,446 | 6,470 |
Other | 1,423 | 1,440 |
Allowance for doubtful accounts | (364) | (355) |
Total non-current assets | 73,893 | 74,710 |
Total assets | 1,416,569 | 1,536,495 |
(Unit: million yen) | ||
As of | As of | |
March 31, 2021 | December 31, 2021 | |
Liabilities | ||
Current liabilities | ||
Trading products | 379,293 | 479,024 |
Trading securities and other | 370,371 | 468,458 |
Derivatives | 8,921 | 10,565 |
Trade date accrual | 9,240 | - |
Margin transaction liabilities | 11,555 | 24,719 |
Borrowings on margin transactions | 9,128 | 23,266 |
Cash received for securities lending on margin transactions | 2,426 | 1,452 |
Borrowings secured by securities | 368,671 | 366,863 |
Cash received on debt credit transaction of securities | 4,123 | 36,672 |
Borrowings on Gensaki transactions | 364,547 | 330,190 |
Deposits received | 72,419 | 99,004 |
Guarantee deposits received | 12,626 | 17,292 |
Short-term borrowings | 244,786 | 194,977 |
Short-term bonds payable | 16,000 | 19,500 |
Current portion of bonds payable | 17,510 | 24,350 |
Income taxes payable | 2,414 | 702 |
Provision for bonuses | 2,283 | 1,335 |
Provision for directors' bonuses | 57 | 48 |
Other | 6,214 | 8,413 |
Total current liabilities | 1,143,073 | 1,236,232 |
Non-current liabilities | ||
Bonds payable | 11,863 | 22,885 |
Long-term borrowings | 84,200 | 87,300 |
Deferred tax liabilities | 1,290 | 2,014 |
Provision for retirement benefits for directors (and other officers) | 92 | 102 |
Retirement benefit liability | 163 | 221 |
Other | 2,566 | 2,381 |
Total non-current liabilities | 100,176 | 114,905 |
Reserves under special laws | ||
Reserve for financial instruments transaction liabilities | 635 | 702 |
Total reserves under special laws | 635 | 702 |
Total liabilities | 1,243,884 | 1,351,840 |
Net assets | ||
Shareholders' equity | ||
Share capital | 36,000 | 36,000 |
Capital surplus | 24,587 | 24,579 |
Retained earnings | 107,390 | 113,689 |
Treasury shares | (5,292) | (5,249) |
Total shareholders' equity | 162,685 | 169,019 |
Accumulated other comprehensive income |
Valuation difference on available-for-sale securities Foreign currency translation adjustment Remeasurements of defined benefit plans
Total accumulated other comprehensive income Share acquisition rights
Non-controlling interests Total net assets
Total liabilities and net assets
1,490 | 1,200 |
(571) | (167) |
1,967 | 1,623 |
2,886 | 2,657 |
442 | 485 |
6,669 | 12,493 |
172,684 | 184,655 |
1,416,569 | 1,536,495 |
-
Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income
(Nine months ended December 31)
(Unit: million yen) | |
Nine months ended | Nine months ended |
December 31, 2020 | December 31, 2021 |
Operating revenue
Commission received Brokerage commission
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
22,684 | 28,823 |
10,364 | 10,817 |
747 | 913 |
4,414 | 8,033 |
Other fees received | 7,157 | 9,058 |
Net trading income | 25,117 | 28,001 |
Financial revenue | 2,202 | 5,246 |
Total operating revenue | 50,004 | 62,071 |
Financial expenses | 1,892 | 1,707 |
Net operating revenue | 48,111 | 60,364 |
Selling, general and administrative expenses | ||
Trading related expenses | 7,441 | 9,663 |
Personnel expenses | 20,325 | 24,258 |
Real estate expenses | 5,085 | 5,815 |
Office expenses | 5,011 | 6,353 |
Depreciation | 2,292 | 2,148 |
Taxes and dues | 981 | 1,403 |
Provision of allowance for doubtful accounts | 33 | - |
Other | 1,208 | 1,426 |
Total selling, general and administrative expenses | 42,381 | 51,069 |
Operating income | 5,730 | 9,294 |
Non-operating income | ||
Dividend income | 223 | 341 |
Share of profit of entities accounted for using equity method | 837 | 1,298 |
Gain on investments in investment partnerships | 385 | 283 |
Other | 146 | 131 |
Total non-operating income | 1,592 | 2,055 |
Non-operating expenses | ||
Loss on investments in investment partnerships | 155 | 125 |
Foreign exchange losses | 4 | 10 |
Other | 40 | 23 |
Total non-operating expenses | 200 | 159 |
Ordinary income | 7,121 | 11,190 |
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Tokai Tokyo Financial Holdings Inc. published this content on 28 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2022 02:25:11 UTC.