Japan Securities Finance : Consolidated Financial Results for Fiscal 2022

JAPAN SECURITIES FINANCE CO.,LTD.

Consolidated Financial Results

for Fiscal 2022

Name：JAPAN SECURITIES FINANCE CO.,LTD.

Listing：Tokyo Stock Exchange Prime Market

Stock code number：8511

Address：1－2－10, Nihonbashi Kayaba－cho, Chuo－ku, Tokyo, Japan 103－0025 Phone：[phone]

(Millions of yen, rounded down to nearest million)

1.Consolidated Financial Results for Fiscal 2022 (April 1,2022－March 31,2023) (1)Consolidated Results of Operations

(% change from previous year)

	Operating Revenues	Operating Income	Recurring Income	Net Income
	(millions of Yen)	(％ change)	(millions of Yen)	(％ change)	(millions of Yen)	(％ change)	(millions of Yen)	(％ change)
Fiscal 2022	42,518	41.1	6,354	1.9	7,601	6.1	5,966	15.3
Fiscal 2021	30,138	△2.5	6,235	30.5	7,164	28.9	5,174	30.3

Reference: Comprehensive Income: Fiscal2022: ¥3,491million(△55.7%)	Fiscal2021: ¥7,889million(△24.9%)
	Net Income per Share	Net Income per Share	Return on Equity	Recurring Income	Operating Income
	／Total Assets	／Operating Revenues
	EPS	(Yen)		ROE	( )
	(Yen) (fully diluted)	ROA ( )	(％)
				％	％
Fiscal 2022		67.76	－		4.4	0.1	14.9
Fiscal 2021		56.61	－		3.8	0.1	20.7

(2)Consolidated Financial Position

	Total Assets	Net Assets	Equity Ratio	Net Assets per Share
	(Millions of Yen)	(Millions of Yen)	(％)	(Yen)
Fiscal 2022	14,056,217	135,728	1.0	1,574.64
Fiscal 2021	14,168,656	137,996	1.0	1,545.03

Reference: Shareholders Equity: Fiscal2022: ¥135,728million (Fiscal2021: ¥137,996million)

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2. Dividends

	Dividends per Share		Total Cash	Dividends		Dividends on
	Interim	Year-End	Annual	Dividends	Payout Ratio		Equity
	(Full-year)	(Consolidated)	(Consolidated)
	(Yen)	(Yen)		(Yen)	(Millions of Yen)	％	)	％
			(	DOE ( )
Fiscal 2021	15.00	15.00		30.00	2,749	53.0	2.0
Fiscal 2022	16.00	16.00		32.00	2,825	47.2	2.1
Fiscal 2023	17.00	17.00		34.00		47.1
(Forecast)

The year-end dividend for the fiscal year ended March 31, 2023 will be approved at the Board of Directors meeting held in May.

3.	Consolidated Estimated Figures for fiscal 2023(April 1,2023－March 31,2024)
			Operating Income	Recurring Income	Net Income	Net Income per Share
			(Millions of yen)	(% change)	(Millions of yen)	(% change)	(Millions of yen)	(% change)	EPS (Yen)
		Full- year	7,500	18.0	8,500	11.8	6,100	2.2	72.15
4.	Others

1. Changes in the scope of important consolidation for subsidiaries (yes/no): No
2. Changes in accounting policies and changes or restatement of accounting estimates

① Changes in accounting policies caused by revision of accounting standards: Yes

②Changes in accounting policies other than ① : No

③Changes in accounting estimates: No

④Restatement: No

(3) Number of Issued Shares (common stock)

① Number of issued shares (Including treasury stock)

as of Mar.31, 2023 : 96,000,000 as of Mar.31, 2022 : 96,000,000

Note) On April. 20, 2023, 8,000,000 shares of treasury stock (common stock) were cancelled (Resolution of the Board of Directors on March 20, 2023). The number of shares outstanding after this cancellation will be 88,000,000 shares.

②Number of Treasury stocks

as of Mar.31, 2023 : 9,803,815 as of Mar.31, 2022 : 6,683,572 ③Average number of shares

Fiscal 2022 : 88,051,380 Fiscal 2021 : 91,401,267

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Consolidated Balance Sheets

【Assets】	Fiscal 2021	Fiscal 2022
Mar.31,2022	Mar.31,2023
	(millions of yen)	(millions of yen)
Ⅰ Current Assets	13,083,009	13,261,853
Cash	1,299,070	1,598,274
Call Loans	-	-
Short-term Investments	109,724	71,013
Operating Loans	891,485	955,550
Receivables under resale agreements	3,928,146	3,561,406
Collateral Money for Securities Borrowed	6,499,422	6,669,821
Other Current Assets	355,293	405,951
Allowance for Doubtful Receivables	△ 133	△ 165
Ⅱ Non-current Assets	1,085,646	794,364
Investments in Securities	1,042,496	745,621
Other Non-current Assets	43,245	48,824
Allowance for Doubtful Receivables	△ 95	△ 81
Total Assets	14,168,656	14,056,217

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【Liabilities and Net Assets】	Fiscal 2021	Fiscal 2022
Mar.31,2022	Mar.31,2023
	(millions of yen)	(millions of yen)
Ⅰ Current Liabilities	14,015,456	13,682,448
Call Money	1,858,400	2,190,400
Short-term Borrowings	239,210	92,010
Commercial Paper	496,000	451,000
Payables under repurchase agreements	5,544,898	4,781,801
Collateral Money for Securities Lent	4,706,496	5,073,776
Borrowed Money from Trust Account	1,031,412	871,335
Other Current Liabilities	139,040	222,126
Ⅱ Non-current Liabilities	15,202	238,040
Long-term Borrowings	4,000	232,700
Deferred Tax Liabilities	3,011	2,196
Derivatives Liabilities	7,054	2,013
Other Non-current Liabilities	1,137	1,131
Total Liabilities	14,030,659	13,920,489
Ⅰ Shareholders' Equity	129,719	129,925
Ⅱ Accumulated Other Comprehensive Income	8,277	5,802
Net Unrealized Gain on Other Securities	9,920	△ 4,300
Deferred Losses on Hedges	△ 1,967	9,782
Others	324	320
Total Net Assets	137,996	135,728
Total Liabilities and Net Assets	14,168,656	14,056,217

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Consolidated Statement of Income

	Fiscal 2021	Fiscal 2022
	Apr.1,2021 -	Apr.1,2022 -
	Mar.31,2022	Mar.31,2023
	(millions of yen)	(millions of yen)
Operating Revenues	30,138	42,518
Interest on Loans	2,708	2,486
Interest on Receivables under Resale Agreements	5,714	10,683
Interest on Collateral Money for Securities Borrowed	2,250	2,553
Fees on Lending Securities	9,457	12,844
Other Operating Revenues	10,006	13,949
Operating Expenses	16,533	28,765
Interest on Borrowing & Commercial Paper	747	1,033
Interest on Payables under Repurchase Agreements	3,614	6,015
Fees on Borrowing Securities	9,357	13,456
Other Operating Expenses	2,814	8,258
Operating Profit	13,604	13,753
General and Administrative Expenses	7,368	7,398
Operating Income	6,235	6,354
Non-operating Revenues	959	1,257
Non-operating Expenses	29	10
Recurring Income	7,164	7,601
Extraordinary Profit	40	671
Extraordinary Loss	58	－
Net Income before Income Taxes	7,147	8,273
Current Income Taxes	2,071	1,965
Deferred Income Taxes	△ 98	340
Net Income	5,174	5,966

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