Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results | ||
for the Six Months Ended September 30, 2021 | ||
(Based on Japanese GAAP) | ||
November 9, 2021 | ||
Company name: | The Keiyo Bank, Ltd. | |
Stock exchange listing: | Tokyo | |
Stock code: | 8544 | URL https://www.keiyobank.co.jp/ |
Representative: | President | Toshiyuki Kumagai |
Inquiries: | General Manager of Accounting | Yukihiko Nezu | TEL 043-306-2121 |
Corporate Planning Division | |||
Scheduled date to file Quarterly Securities Report: | November 19, 2021 | ||
Scheduled date to commence dividend payments: | December 3, 2021 | ||
Trading accounts: | No | ||
Preparation of supplementary material on quarterly financial results: | Yes | ||
Holding of quarterly financial results meeting: | No |
(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)
(1) Consolidated operating results (cumulative) | Percentages indicate year-on-year changes | |||||||||||||
Ordinary income | Ordinary profit | Profit attributable to | ||||||||||||
owners of parent | ||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||
Six months ended September 30, 2021 | 32,849 | 2.7 | 9,172 | 46.1 | 6,432 | 52.1 | ||||||||
Six months ended September 30, 2020 | 31,985 | (7.7) | 6,275 | 1.0 | 4,226 | 0.2 | ||||||||
Earnings per share | Diluted earnings per share | |||||||||||||
Yen | Yen | |||||||||||||
Six months ended September 30, 2021 | 49.63 | 49.44 | ||||||||||||
Six months ended September 30, 2020 | 32.36 | 32.25 | ||||||||||||
(2) Consolidated financial position | ||||||||||||||
Total assets | Net assets | Equity ratio | ||||||||||||
Millions of yen | Millions of yen | % | ||||||||||||
As of September 30, 2021 | 6,893,780 | 305,527 | 4.3 | |||||||||||
As of March 31, 2021 | 5,553,028 | 298,051 | 5.2 | |||||||||||
2. Cash dividends | ||||||||||||||
Annual dividends per share | ||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | ||||||||||
Yen | Yen | Yen | Yen | Yen | ||||||||||
Year ended March 31, 2021 | - | 9.00 | - | 10.00 | 19.00 | |||||||||
Year ending March 31, 2022 | - | 10.00 | ||||||||||||
Year ending March 31, 2022 (Forecast) | - | 10.00 | 20.00 |
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Ordinary profit | Profit attributable to | Earnings per share | |||
owners of parent | |||||
Millions of yen | % | Millions of yen | % | Yen | |
Full year | 15,000 | 25.1 | 10,400 | 40.8 | 80.63 |
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4. Notes
(1) | Changes in significant subsidiaries during the six months ended September 30, 2021 | No |
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||
(2) | Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements | |
Changes in accounting policies due to revisions to accounting standards and other regulations: | Yes | |
Changes in accounting policies due to other reasons: | No | |
Changes in accounting estimates: | No | |
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2021 | 138,927,858 | shares | As of March 31, 2021 | 138,927,858 | shares | |
Number of treasury shares at the end of the period | ||||||
As of September 30, 2021 | 10,555,557 | shares | As of March 31, 2021 | 8,265,010 | shares | |
Average number of shares during the period (cumulative from the beginning of the fiscal year) | ||||||
Six months ended September 30, 2021 | 129,590,633 | shares | Six months ended September 30, 2020 | 130,599,790 | shares |
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Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2021 | As of September 30, 2021 | ||
Assets | |||
Cash and due from banks | 514,412 | 1,781,409 | |
Call loans and bills bought | - | 2,070 | |
Trading securities | 3,656 | 3,736 | |
Money held in trust | 2,954 | 3,020 | |
Securities | 1,047,334 | 1,161,788 | |
Loans and bills discounted | 3,875,818 | 3,835,472 | |
Foreign exchanges | 7,739 | 7,696 | |
Other assets | 41,022 | 40,159 | |
Tangible fixed assets | 59,477 | 58,327 | |
Intangible fixed assets | 7,886 | 8,397 | |
Retirement benefit asset | 1,970 | 2,319 | |
Deferred tax assets | 3,197 | 1,912 | |
Customers' liabilities for acceptances and guarantees | 3,203 | 3,231 | |
Allowance for loan losses | (15,643) | (15,761) | |
Total assets | 5,553,028 | 6,893,780 | |
Liabilities | |||
Deposits | 4,926,199 | 5,007,581 | |
Negotiable certificates of deposit | 85,874 | 131,274 | |
Call money and bills sold | - | 130,000 | |
Cash collateral received for securities lent | - | 470,364 | |
Borrowed money | 216,600 | 822,900 | |
Foreign exchanges | 165 | 119 | |
Other liabilities | 14,569 | 14,445 | |
Provision for bonuses | 1,314 | 1,280 | |
Provision for bonuses for directors (and other officers) | 60 | 26 | |
Retirement benefit liability | 284 | 457 | |
Provision for retirement benefits for directors (and other | 5 | 4 | |
officers) | |||
Provision for share awards | - | 20 | |
Provision for loss on interest repayment | 2 | 1 | |
Provision for reimbursement of deposits | 589 | 526 | |
Provision for contingent loss | 1,023 | 894 | |
Deferred tax liabilities | 515 | 552 | |
Deferred tax liabilities for land revaluation | 4,570 | 4,570 | |
Acceptances and guarantees | 3,203 | 3,231 | |
Total liabilities | 5,254,977 | 6,588,252 | |
Net assets | |||
Share capital | 49,759 | 49,759 | |
Capital surplus | 39,704 | 39,704 | |
Retained earnings | 177,123 | 182,244 | |
Treasury shares | (8,301) | (9,280) | |
Total shareholders' equity | 258,286 | 262,427 | |
Valuation difference on available-for-sale securities | 27,015 | 30,303 | |
Revaluation reserve for land | 7,040 | 7,040 | |
Remeasurements of defined benefit plans | 451 | 414 | |
Total accumulated other comprehensive income | 34,507 | 37,758 | |
Share acquisition rights | 312 | 317 | |
Non-controlling interests | 4,944 | 5,023 | |
Total net assets | 298,051 | 305,527 | |
Total liabilities and net assets | 5,553,028 | 6,893,780 |
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Consolidated statements of income (cumulative) and consolidated statements of comprehensive income (cumulative)
Consolidated statements of income (cumulative)
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2020 | September 30, 2021 | |
Ordinary income | 31,985 | 32,849 |
Interest income | 24,147 | 24,291 |
Interest on loans and discounts | 18,046 | 17,866 |
Interest and dividends on securities | 5,854 | 6,059 |
Fees and commissions | 5,135 | 6,808 |
Other ordinary income | 641 | 417 |
Other income | 2,060 | 1,331 |
Ordinary expenses | 25,709 | 23,676 |
Interest expenses | 399 | 330 |
Interest on deposits | 182 | 112 |
Fees and commissions payments | 2,841 | 2,974 |
Other ordinary expenses | 411 | 380 |
General and administrative expenses | 18,355 | 17,787 |
Other expenses | 3,701 | 2,203 |
Ordinary profit | 6,275 | 9,172 |
Extraordinary income | - | 18 |
Gain on disposal of non-current assets | - | 18 |
Extraordinary losses | 71 | 72 |
Loss on disposal of non-current assets | 62 | 72 |
Impairment losses | 8 | - |
Profit before income taxes | 6,204 | 9,118 |
Income taxes - current | 2,166 | 2,802 |
Income taxes - deferred | (294) | (135) |
Total income taxes | 1,872 | 2,666 |
Profit | 4,331 | 6,452 |
Profit attributable to non-controlling interests | 105 | 19 |
Profit attributable to owners of parent | 4,226 | 6,432 |
4
Consolidated statements of comprehensive income (cumulative)
(Millions of yen) | ||
Six months ended | Six months ended | |
September 30, 2020 | September 30, 2021 | |
Profit | 4,331 | 6,452 |
Other comprehensive income | (682) | 3,314 |
Valuation difference on available-for-sale securities | (903) | 3,353 |
Remeasurements of defined benefit plans, net of tax | 221 | (38) |
Comprehensive income | 3,648 | 9,766 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of parent | 3,396 | 9,683 |
Comprehensive income attributable to non-controlling | 252 | 83 |
interests | ||
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The Keiyo Bank Ltd. published this content on 16 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 November 2021 01:15:01 UTC.