(Unofficial Translation)
Consolidated Summary Report under Japanese GAAP for the Three Months Ended June 30, 2023
August 10, 2023 | ||||||||||
Company Name: | Dai-ichi Life Holdings, Inc. | Stock exchange listings: Tokyo | ||||||||
Code Number: | 8750 | URL: https://www.dai-ichi-life-hd.com/ | ||||||||
Representative: | Tetsuya Kikuta, President, Representative Director | |||||||||
For inquiry: | Yoichi Sawada, General Manager, Investor Relations Group, Corporate Planning Unit | |||||||||
TEL: (03)3216-1222 | Dividend payment date: | - | ||||||||
Quarterly securities report issue date: August 10, 2023 | ||||||||||
Supplementary information for quarterly financial statements: Available | ||||||||||
Explanatory meeting to be held: Yes (for institutional investors and analysts) | ||||||||||
(Amounts of less than one million yen are truncated.) | ||||||||||
1. Consolidated Financial Data for the Three Months Ended June 30, 2023 | ||||||||||
(1) Consolidated results of operations | (% represents the change from the same period in the previous fiscal year) | |||||||||
Net Income attributable to | ||||||||||
Ordinary Revenues | Ordinary Profit | shareholders of parent | ||||||||
company | ||||||||||
Three Months Ended | million yen | % | million yen | % | million yen | % | ||||
June 30, 2023 | 3,003,428 | 3.9 | 115,438 | (27.4) | 67,323 | (24.7) | ||||
June 30, 2022 | 2,891,279 | 48.6 | 158,959 | (22.9) | 89,355 | (35.4) |
Note. Comprehensive income (loss) for the three months ended June 30, 2023 and 2022 were 534,961 million yen and (856,700) million yen, respectively.
Net Income | Diluted Net Income | ||
per Share | per Share | ||
Three Months Ended | yen | yen | |
June 30, 2023 | 68.47 | 68.45 | |
June 30, 2022 | 87.21 | 87.18 |
(2) Consolidated financial condition
Total Assets | Total Net Assets | Ratio of Net Assets Attributable | |
to the Company's Shareholders | |||
to Total Assets | |||
As of | million yen | million yen | % |
June 30, 2023 | 63,722,900 | 3,118,532 | 4.9 |
March 31, 2023 | 61,627,094 | 2,668,011 | 4.3 |
(Reference) Net assets attributable to the Company's shareholders as of June 30, 2023 and March 31, 2023 were 3,118,101 million yen and 2,667,525 million yen, respectively.
2. Dividends on Common Stock
Dividends per share | |||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Annual | |||
Fiscal Year Ended | yen | yen | yen | yen | yen | ||
March 31, 2023 | - | 0.00 | - | 86.00 | 86.00 | ||
March 31, 2024 | - | ||||||
March 31, 2024 | 0.00 | - | 86.00 | 86.00 | |||
(Forecast) | |||||||
Note. Revision of dividend forecasts on the presentation date of this consolidated summary report: No |
3. Consolidated Earnings Forecasts for the Fiscal Year ending March 31, 2024
(% represents the change from the previous fiscal year) | ||||||||
Net Income attributable to | Net Income | |||||||
Ordinary Revenues | Ordinary Profit | shareholders of parent | ||||||
per Share | ||||||||
company | ||||||||
Fiscal Year Ending | million yen | % | million yen | % | million yen | % | yen | |
March 31, 2024 | 8,353,000 | (12.3) | 465,000 | 13.2 | 273,000 | 42.0 | 277.65 |
Note. Revision of earnings forecasts on the presentation date of this consolidated summary report: No
"Net income per share" is presented in the Consolidated Earnings Forecasts for the Fiscal Year ending March 31, 2024, factoring in the status of total shares outstanding and the Company's own shares as of June 30, 2023.
- Notes
- Changes in significant subsidiaries during the period : No
- Adoption of unique accounting methods applied only to quarterly consolidated financial statements : Yes For details, please refer to (3) Notes to the Quarterly Consolidated Financial Statements in the Appendix.
- Changes in accounting policies, accounting estimates and correction of past errors:
- Changes in accounting policies due to revision of accounting standards: Yes
- Changes in accounting policies due to reasons other than item (A) above: No
- Changes in accounting estimates: No
- Correction of past errors: No
For details, please refer to (3) Notes to the Quarterly Consolidated Financial Statements in the Appendix.
(4) Number of shares outstanding (common stock)
As of June 30, 2023 | As of March 31, 2023 | ||
(A) Total shares outstanding including treasury stock: | 989,888,900 | 989,888,900 | |
(B) Shares of treasury stock held: | 6,627,646 | 6,699,946 | |
Three months ended | Three months ended | ||
June 30, 2023 | June 30, 2022 | ||
(C) Average outstanding shares: | 983,258,087 | 1,024,587,253 |
Note. The number of treasury stocks includes the shares of the Company (3,829,200 shares as of June 30, 2023 and 3,862,100 shares as of March 31, 2023)
held by the Stock Granting Trust (J-ESOP trust).
*This report is exempt from the quarterly review of CPAs or Audit firms.
*Notes for using earnings forecast in this report and others:
This report contains forward-looking statements, such as earnings forecasts, regarding the intent, beliefs and current expectations of the Company and its management with respect to the expected financial condition and results of operations of the Company. These statements necessarily depend upon information currently available to the Company and its management and on assumptions that the Company and its management believe are appropriate. Forward-looking statements are not guarantees of future performance and actual results may differ materially from any future results expressed or implied by forward-looking statements. Forward-looking statements are subject to various risks and uncertainties, such as fluctuations in market conditions, including changes in the value of equity securities and changes in interest rates and forward exchange rates, the occurrence of illegal acts, operational and system risks, risks associated with general economic conditions in Japan and other factors. Important factors which may affect the Company's financial condition, results of operations and business performance are not limited to the factors described above. In light of the risks and uncertainties relating to forward-looking statements, investors are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date of this report.
Dai-ichi Life Holdings, Inc.
Table of Contents of Appendix
1. Unaudited Quarterly Consolidated Financial Statements and Notes …………………………………………… 2
(1) Quarterly Consolidated Balance Sheet ………………………………………………………………………… 2
(2) Quarterly Consolidated Statement of Earnings and Comprehensive Income ………………………………… 4
Quarterly Consolidated Statement of Earnings………………………………………………………………… | 4 |
Quarterly Consolidated Statement of Comprehensive Income………………………………………………… | 6 |
(3) Notes to the Quarterly Consolidated Financial Statements …………………………………………………… 7
(Notes on Going-Concern Assumptions) ……………………………………………………………………… 7
(Notes for Material Changes in Shareholders' Equity) ………………………………………………………… 7
(Adoption of Unique Accounting Methods Applied Only to Quarterly Consolidated Financial Statements) … 7 (Changes in Accounting Policies) ……………………………………………………………………………… 7
The Company plans to hold a conference call for institutional investors and analysts regarding its financial results for the three months ended June 30, 2023 on August 10, 2023. The material for the conference call will be posted on TDnet and the Company's website.
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Dai-ichi Life Holdings, Inc.
1. Unaudited Quarterly Consolidated Financial Statements and Notes
(1) Quarterly Consolidated Balance Sheet
(Unit: million yen) | ||
As of | As of | |
March 31, 2023 | June 30, 2023 | |
ASSETS | ||
Cash and deposits | 1,619,087 | 1,697,652 |
Call loans | 966,900 | 789,700 |
Monetary claims bought | 246,105 | 252,342 |
Money held in trust | 911,246 | 859,850 |
Securities | 46,711,704 | 48,830,511 |
Loans | 4,348,495 | 4,450,041 |
Tangible fixed assets | 1,239,953 | 1,238,790 |
Intangible fixed assets | 736,712 | 720,926 |
Reinsurance receivable | 1,623,872 | 1,699,116 |
Other assets | 2,858,354 | 2,987,392 |
Deferred tax assets | 334,466 | 184,419 |
Customers' liabilities for acceptances and guarantees | 48,987 | 36,542 |
Reserve for possible loan losses | (17,863) | (23,367) |
Reserve for possible investment losses | (927) | (1,020) |
Total assets | 61,627,094 | 63,722,900 |
LIABILITIES | ||
Policy reserves and others | 54,240,415 | 55,187,248 |
Reserves for outstanding claims | 1,328,482 | 1,369,937 |
Policy reserves | 52,488,528 | 53,412,491 |
Reserve for policyholder dividends | 423,403 | 404,819 |
Reinsurance payable | 584,172 | 588,693 |
Short-term bonds payable | 43,062 | 51,310 |
Bonds payable | 906,612 | 908,400 |
Other liabilities | 2,363,014 | 3,053,591 |
Payables under repurchase agreements | 432,210 | 777,744 |
Other liabilities | 1,930,803 | 2,275,846 |
Net defined benefit liabilities | 367,808 | 367,265 |
Reserve for retirement benefits of directors, executive officers and | 794 | 768 |
corporate auditors | ||
Reserve for possible reimbursement of prescribed claims | 800 | 663 |
Reserves under the special laws | 305,588 | 310,089 |
Reserve for price fluctuations | 305,588 | 310,089 |
Deferred tax liabilities | 27,629 | 29,708 |
Deferred tax liabilities for land revaluation | 70,197 | 70,085 |
Acceptances and guarantees | 48,987 | 36,542 |
Total liabilities | 58,959,083 | 60,604,367 |
2
Dai-ichi Life Holdings, Inc.
(Unit: million yen) | ||
As of | As of | |
March 31, 2023 | June 30, 2023 | |
NET ASSETS | ||
Capital stock | 344,074 | 344,074 |
Capital surplus | 330,407 | 330,407 |
Retained earnings | 1,099,495 | 1,082,490 |
Treasury stock | (13,918) | (13,747) |
Total shareholders' equity | 1,760,059 | 1,743,224 |
Net unrealized gains (losses) on securities, net of tax | 740,292 | 1,202,127 |
Deferred hedge gains (losses) | (38,114) | (55,402) |
Reserve for land revaluation | 30,369 | 30,145 |
Foreign currency translation adjustments | 149,733 | 174,880 |
Accumulated remeasurements of defined benefit plans | 22,778 | 21,306 |
Net unrealized gains (losses) on total policy reserves and other, net of | 2,407 | 1,819 |
tax | ||
Total accumulated other comprehensive income | 907,466 | 1,374,877 |
Subscription rights to shares | 483 | 425 |
Non-controlling interests | 1 | 5 |
Total net assets | 2,668,011 | 3,118,532 |
Total liabilities and net assets | 61,627,094 | 63,722,900 |
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Dai-ichi Life Holdings Inc. published this content on 10 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 August 2023 06:00:02 UTC.