Japan Securities Finance : Consolidated Financial Results for the First Quarter ended June 30, 2022 (PDF 0.08MB)

JAPAN SECURITIES FINANCE CO., LTD.

Consolidated Financial Results

for the First Quarter ended June 30, 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 the First Quarter of Fiscal 2022 (April 1,2022－June 30,2022)

(1) Consolidated Results of Operations

(% change from year-on-year for those items)

	Operating Revenues	Operating Income	Recurring Income	Net Income
	(Millions of Yen)	(％ change)	(Millions of Yen)	(％ change)	(Millions of Yen)	(％ change)	(Millions of Yen)	(％ change)
First Quarter	11,092	49.8	1,783	△21.4	2,199	△10.8	2,063	16.0
of Fiscal 2022
F i r s t Q u a r t e r	7,406	△6.7	2,268	41.2	2,464	40.0	1,778	35.2
of Fiscal 2021
Fiscal 2021	30,138	△2.5	6,235	30.5	7,164	28.9	5,174	30.3
Note : Comprehensive	Income	Fiscal2022	1Q : ¥539million(－%)	Fiscal2021 1Q : △¥	90million (－%)
	Net Income per Share	Net Income per Share
	EPS	(Yen)	(Yen) (fully diluted)
First Quarter		23.10			-
of Fiscal 2022
F i r s t Q u a r t e r		19.38			-
of Fiscal 2021
Fiscal 2021		56.61			-
(2) Consolidated Financial Position
	Total Assets			Net Assets			Equity Ratio
		(Millions	of Yen)			(Millions of Yen)			(％)
As of		14,263,073			137,245			1.0
Jun.30, 2022
Fiscal 2021		14,168,656			137,996			1.0
Reference : Shareholders Equity	Fiscal2022 1Q :	¥137,245million Fiscal2021 :	¥137,996million

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2. Dividends

	Dividends per Share
	Interim	Year-End		Annual
	(Yen)	(Yen)		(Yen)
Fiscal 2021	15.00	15.00		30.00
Fiscal 2022	16.00	16.00		32.00
(Forecast)
Note : Amendment	of Forecast	None

3. Consolidated Estimated Figures for fiscal 2022(April 1,2022－March 31,2023)

	Operating	Recurring	Net Income	Net Income
	Income	Income	per Share
	(Millions of yen)	(Millions of yen)	(Millions of yen)	EPS (Yen)
Full-year	6,500	7,400	5,600	65.03

Note: Amendment of Estimated Figures Yes

4. Others

1. Changes in the scope of important consolidation for subsidiaries (yes/no): No
2. Adoption of specified accounting methods for quarterly consolidated financial statements : No
3. 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

(4) Number of Issued Shares(common stock)

① Number of issued shares (Including treasury stock)

as of Jun.30, 2022 : 96,000,000	as of Mar.31, 2022 : 96,000,000
②Number of Treasury stocks
as of Jun.30, 2022 : 6,628,144	as of Mar.31, 2022 : 6,683,572
③Average number of shares
For three months ended Jun.30, 2022 :	89,320,621
For three months ended Jun.30, 2021 :	91,771,612

(Note) The number of treasury stocks to be deducted from the calculation of the number of treasury stocks at the end of the period and the average number of shares outstanding during the period (cumulative quarter) includes our shares held by the Share Benefit Trust (BBT).

Note : Quarterly financial report is not subject to quarterly review by a certified public accountant or auditing firm.

Note : Explanations and other special notes concerning the appropriate use of business performance forecasts.

The Company does not disclose earnings forecasts because the performance of the securities finance business, which is the Group's main business, is significantly affected by trends in the stock market, interest rates, and other factors.

In addition, for the purpose of disclosing information according to the type of business of the Group, the figures calculated on the basis of the outstanding balance of Margin Loan business and other assumptions are presented.

Financial results are disclosed as soon as reasonable estimates can be made quarterly.

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Consolidated Balance Sheets

【Assets】	Fiscal 2021	First Quarter
Mar.31,2022	Jun.30,2022
	(millions of yen)	(millions of yen)
Ⅰ Current Assets	13,083,009	13,304,451
Cash	1,299,070	1,280,055
Call Loans	－	－
Short-term Investments	109,724	119,650
Operating Loans	891,485	941,499
Receivables under resale agreements	3,928,146	4,923,323
Collateral Money for Securities Borrowed	6,499,422	5,638,717
Other Current Assets	355,293	401,324
Allowance for Doubtful Receivables	△ 133	△ 118
Ⅱ Non-current Assets	1,085,646	958,621
Investments in Securities	1,042,496	905,809
Other Non-current Assets	43,245	52,904
Allowance for Doubtful Receivables	△ 95	△ 92
Total Assets	14,168,656	14,263,073

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【Liabilities and Net Assets】	Fiscal 2021	First Quarter
Mar.31,2022	Jun.30,2022
	(millions of yen)	(millions of yen)
Ⅰ Current Liabilities	14,015,456	14,115,148
Call Money	1,858,400	1,811,000
Short-term Borrowings	239,210	168,010
Commercial Paper	496,000	461,500
Payables under repurchase agreements	5,544,898	6,465,606
Collateral Money for Securities Lent	4,706,496	4,234,477
Borrowed Money from Trust Account	1,031,412	874,660
Other Current Liabilities	139,039	99,894
Ⅱ Non-current Liabilities	15,202	10,680
Long-term Borrowings	4,000	4,000
Deferred Tax Liabilities	3,011	2,693
Derivatives Liabilities	7,054	2,865
Other Non-current Liabilities	1,136	1,121
Total Liabilities	14,030,659	14,125,828
Ⅰ Shareholders' Equity	129,719	130,453
Ⅱ Accumulated Other Comprehensive Income	8,277	6,791
Net Unrealized Gain on Other Securities	9,920	△ 43
Deferred Losses on Hedges	△ 1,967	6,477
Others	324	357
Total Net Assets	137,996	137,245
Total Liabilities and Net Assets	14,168,656	14,263,073

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Consolidated Statement of Operations

	First Quarter	First Quarter	Fiscal 2021
	Apr.1,2021-	Apr.1,2022-	Apr.1,20201-
	Jun.30,2021	Jun.30,2022	Mar.31,2022
	(millions of yen)	(millions of yen)	(millions of yen)
Operating Revenues	7,406	11,092	30,138
Interest on Loans	693	601	2,708
Interest on Receivables under Resale Agreements	1,303	2,227	5,714
Interest on Collateral Money for Securities Borrowed	502	611	2,250
Fees on Lending Securities	2,286	2,548	9,457
Other Operating Revenues	2,621	5,104	10,006
Operating Expenses	3,620	7,530	16,533
Interest on Borrowing & Commercial Paper	208	204	747
Interest on Payables under Repurchase Agreements	807	1,419	3,614
Fees on Borrowing Securities	2,239	2,515	9,357
Other Operating Expenses	364	3,392	2,814
Operating Profit	3,785	3,562	13,604
General and Administrative Expenses	1,517	1,778	7,368
Operating Income	2,268	1,783	6,235
Non-operating Revenues	206	415	959
Non-operating Expenses	10	0	29
Recurring Income	2,464	2,199	7,164
Extraordinary Profit	40	671	40
Extraordinary Loss	0	－	58
Net Income before Income Taxes	2,504	2,870	7,147
Current Income Taxes	495	421	2,071
Deferred Income Taxes	229	385	△ 98
Net Income	1,778	2,063	5,174

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