Senshu Ikeda : Financial Results for the First Quarter of the Fiscal Year ending March 31, 2022

Financial Results for the First Quarter of the Fiscal Year ending March 31, 2022

(Consolidated Data)

			July 30, 2021
Company Name: Senshu Ikeda Holdings, Inc.	Stock exchange listing: Tokyo Stock Exchange
Stock Code:	8714	URL	https://www.senshuikeda-hd.co.jp/
President and Representative Director:	Atsushi Ukawa
For inquiries:		Kazuo Nagai, General Manager of the Corporate Planning and General
	Affairs Division
		Telephone: [phone]
Scheduled date for filing quarterly securities report	August 6, 2021
Scheduled date to commence dividend payments:	None
Segregated trading accounts:		None
Supplementary material on quarterly financial results:	Yes
Quarterly financial results presentation meeting:		None

(Japanese yen amounts of less than 1 million and first decimal place have been rounded down) 1. Financial Results for the First Quarter of the Fiscal Year ending March 31, 2022 (April 1, 2021 － June 30, 2021)

(1) Consolidated Operating Results

(%: Changes from previous fiscal year)

		Ordinary revenue				Ordinary income	Profit attributable to
					owners of the parent
		Million yen		%		Million yen	%		Million yen	%
Three months ended	20,563			6.1				3,980	97.4		3,183	111.7
June 30, 2021
Three months ended		19,365			(17.5)				2,016	(4.7)		1,503	(10.9)
June 30,,2020
(Note) Comprehensive income:	Three months ended June 30, 2021:	3,033million yen	[(28.6％)]
		Three months ended June 30, 2020:	4,250million yen	[ 139.0％ ]
		Net income	Diluted earnings
		per share		per share
		Yen		Yen
Three months ended	11.36					9.51
June 30, 2021
Three months ended		5.35					4.48
June 30, 2020
(2) Consolidated Financial Position
		Total assets		Total net assets			Equity ratio
		Million yen		Million yen			%
As of June 30, 2021	6,914,199			248,341				3.5
As of March 31, 2021		6,705,548			247,042				3.6

(Reference) capital: As of June 30, 2021: 245,806 million yen; As of March 31, 2021: 244,531 million yen

Note: "Equity ratio" is calculated as: (Total net assets at the end of period －Stock subscription rights at the end of period －Non- controlling interests at the end of period)/ Total assets at the end of period.

The ratio above is not based on the regulation of Capital Adequacy Ratio.

2. Dividends

Annual Dividends per Share

	First	Second		Third		Year		Total
	Quarter	Quarter		Quarter		End
	Yen	Yen		Yen		Yen		Yen
Fiscal Year ended	－	3.75		－	3.75	7.50
March 31, 2021
Fiscal Year ending	－
March 31, 2022
Fiscal Year ending
March 31, 2022		3.75		－		3.75		7.50
(Forecasts)

Note: Revisions of the forecasts from recently announced figures: None

Please refer to "Cash Dividends for Shareholders of Classified Stock" stated hereinafter for information on classified stock (unlisted) which has different rights relation from that of common stocks.

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

(%: Changes from corresponding period of previous fiscal year)

Ordinary revenue

Ordinary income

Profit attributable to

Net income per share

owners of the parent

Million yen

%

Million yen

%

Million yen

%

Yen

First half of fiscal year

42,000

5.3

3,700

(32.4)

2,600

(41.5)

7.94

Full Year

82,000

0.8

7,600

(1.4)

5,600

9.7

17.30

Note: Revisions of the forecasts from recently announced figures: None

Note

(1) Changes in significant 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)－

(2) Changes in accounting policies, changes in accounting estimates, and retrospective restatements

(a) Changes in accounting policies due to revision of accounting standards etc. :

Yes

(b) Changes in accounting policies other than those noted in (a) above :

None

(c) Changes in accounting estimates :

None

(d) Retrospective restatements :

None

(3) Number of shares (common stock)

(a) Number of shares in issue (including treasury stock)

As of June 30, 2021

281,008,632 shares

As of March 31, 2021

281,008,632 shares

(b) Number of treasury shares

As of June 30, 2021

778,226 shares

As of March 31, 2021

804,214 shares

(c) Average number of shares for the period under review

Three months ended June 30, 2021

280,214,982 shares

Three months ended June 30, 2020

280,731,473 shares

Disclosure concerning the implementation status of audit procedures

This report is exempt from audit procedures based upon the Financial Instruments and Exchange Act of Japan. As of this report's publication, audit procedures of financial statements have not been completed as stipulated under the provisions of the Financial Instruments and Exchange Act.

Cautionary statement with respect to earnings forecasts, and disclaimer

This report contains projections and other forward-looking statements which are based on currently available information and certain assumptions that the Senshu Ikeda Holdings considers to be reasonable. Various factors may cause actual results to be materially different from projections in these forward-looking statements.

• Cash Dividends for Shareholders of Classified Stock

Cash dividends per share for shareholders of classified stock which has different rights relation from that of common stocks are as follows:

(First series of seventh-class preferred stock)

				Dividends per share
	First	Second		Third		Year		Total
	Quarter	Quarter		Quarter		End
	Yen	Yen		Yen		Yen		Yen
Fiscal Year ended	－	15.00		－	15.00	30.00
March 31, 2021
Fiscal Year ending	－
March 31, 2022
Fiscal Year ending
March 31, 2022		15.00		－		15.00		30.00
(Forecasts)

Consolidated Financial Statements

(1) Consolidated Balance Sheets

		(Unit: Millions of yen)
	As of March 31, 2021	As of June 30, 2021
Assets
Cash and due from banks	1,671,441	1,752,068
Call loans and bills bought	9,414	7,146
Monetary claims bought	79	109
Money held in trust	20,001	24,479
Securities	564,580	589,627
Loans and bills discounted	4,291,531	4,398,932
Foreign exchange assets	5,061	6,683
Other assets	83,958	76,628
Tangible fixed assets	37,122	36,782
Intangible fixed assets	4,632	4,434
Net defined benefit assets	23,462	23,603
Deferred tax assets	2,751	1,978
Customers' liabilities for acceptances and guarantees	7,407	6,960
Reserve for possible loan losses	(15,899)	(15,235)
Total assets	6,705,548	6,914,199
Liabilities
Deposits	5,408,845	5,561,577
Negotiable certificates of deposit	－	1,000
Payables under securities lending transactions	10,323	17,079
Borrowed money	973,225	1,017,883
Foreign exchange liabilities	487	611
Other liabilities	54,420	58,149
Provision for employees' bonuses	1,655	612
Net defined benefit liability	136	140
Accrued retirement benefits for directors and audit & supervisory	4	4
board members
Reserve for reimbursement of deposits	392	392
Reserve for point services	175	22
Reserve for contingent losses	1,171	1,159
Reserve under special laws	8	9
Deferred tax liabilities	250	255
Acceptances and guarantees	7,407	6,960
Total liabilities	6,458,505	6,665,858
Net Assets
Capital stock	102,999	102,999
Capital surplus	42,107	42,106
Retained earnings	81,087	82,530
Treasury stock	(163)	(158)
Total shareholders' equity	226,030	227,477
Net unrealized gain (loss) on available-for-sale securities	10,744	10,849
Net unrealized gain (loss) on deferred hedges	(133)	(123)
Remeasurements of defined benefit plans	7,889	7,602
Total accumulated other comprehensive income	18,500	18,328
Stock subscription rights	76	78
Non-controlling interests	2,434	2,456
Total net assets	247,042	248,341
Total liabilities and net assets	6,705,548	6,914,199

1. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income Consolidated Statements of Income

		(Unit: Millions of yen)
	For the three months	For the three months
	ended June 30, 2020	ended June 30, 2021
Ordinary revenue	19,365	20,563
Interest income	10,432	10,972
Interest on loans and bills discounted	9,759	9,943
Interest and dividends on securities	550	712
Fees and commissions	4,546	5,059
Other ordinary income	804	531
Other income	3,582	3,999
Ordinary expenses	17,349	16,582
Interest expenses	370	272
Interest on deposits	282	239
Fees and commissions payments	1,649	1,805
Other ordinary expenses	16	14
General and administrative expenses	11,304	11,332
Other expenses	4,008	3,157
Ordinary income	2,016	3,980
Extraordinary income	27	6
Gain on sales or disposal of fixed assets	27	6
Extraordinary loss	36	20
Loss on sales or disposal of fixed assets	11	11
Transfer to reserve for financial products transaction liabilities	0	0
Other extraordinary loss	24	8
Income before income taxes	2,007	3,965
Income taxes - current	86	263
Income taxes - deferred	423	495
Total income taxes	509	759
Profit	1,497	3,206
Profit attributable to non-controlling interests	(6)	22
Profit attributable to owners of the parent	1,503	3,183

Consolidated Statements of Comprehensive Income

		(Unit: Millions of yen)
	For the three months	For the three months
	ended June 30, 2020	ended June 30, 2021
Profit	1,497	3,206
Other comprehensive income	2,753	(172)
Net unrealized gain (loss) on available-for-sale securities	2,814	105
Net unrealized gain (loss) on deferred hedges	4	9
Remeasurements of defined benefit plans	(66)	(287)
Comprehensive income	4,250	3,033
Comprehensive income attributable to
Owners of the parent	4,257	3,011
Non-controlling interests	(7)	22