Hyakujushi Bank, Ltd.TSE: 8386

Consolidated Summary Report for the Six Months Ended September 30,2024（285KB）

Nov 8, 2024 at 8:01 AM UTC · Issued by Hyakujushi Bank, Ltd.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.

Consolidated Summary Report

for the Six Months Ended September 30, 2024

[Japanese GAAP]

Company name: The Hyakujushi Bank, Ltd.					November 8, 2024

Listing: Tokyo
Securities code: 8386
URL: https://www.114bank.co.jp/
Representative: Masashi Mori	Representative Director, President
Inquiries: Takayuki Muramatsu	Executive Officer and General Manager, Corporate Planning Division
Telephone: +81-87-836-2721
Scheduled date to file semi-annual securities report: November 11, 2024
Scheduled date to commence dividend payments: December 10, 2024
Trading accounts: None
Preparation of supplementary material on financial results: Yes
Holding of financial results briefing: None
		(Yen amounts are rounded down to millions, unless otherwise noted.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2024 (April 1, 2024 to September 30, 2024)
(1) Consolidated Operating Results					(Percentages indicate year-on-year changes.)
	Ordinary income		Ordinary profit		Profit attributable to owners of
			parent

Six months ended	Millions of yen	%		Millions of yen		%	Millions of yen	%
September 30, 2024	41,716	4.1		10,046		34.5	6,662	34.4
September 30, 2023	40,078	(9.9)		7,470		(14.8)	4,957	(17.0)

(Note) Comprehensive income:	Six months ended September 30, 2024:
	Six months ended September 30, 2023:

¥	11,309 million	[	(12.3) %]
¥	12,898 million	[	-%]

	Basic earnings	Diluted earnings per
	per share	share
Six months ended	Yen	Yen
September 30, 2024	233.61	233.57
September 30, 2023	172.11	172.07

(2) Consolidated Financial Position

	Total assets	Net assets	Capital adequacy ratio
As of	Millions of yen	Millions of yen	%
September 30, 2024	5,784,499		338,473	5.9
March 31, 2024	5,840,650		329,186	5.6
(Reference) Equity: As of	September 30, 2024:	¥	338,465 million
As of	March 31, 2024:	¥	329,164 million

2. Dividends

						Annual dividends

			1st	2nd		3rd		Year-end	Total
		quarter-end	quarter-end		quarter-end

			Yen		Yen		Yen		Yen	Yen
Fiscal year ended March 31, 2024			-		35.00		-		55.00	90.00
Fiscal year ending March 31, 2025			-		60.00
Fiscal year ending March 31, 2025							-		60.00	120.00
(Forecast)

(Note) Revision to the forecast for dividends	announced most	recently:	Yes
(Note) Breakdown of the 2nd quarter	(interim) dividend for the fiscal year ending March 31, 2025 :
Commemorative dividend	-	yen
Special dividend	-	yen

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025)

(Percentages indicate year-on-year changes.)

		Ordinary income	Ordinary profit		Profit attributable to	Basic earnings per share
			owners of parent

		Millions of yen	%	Millions of yen		%	Millions of yen	%	Yen
Full year		84,500	2.9	17,600		20.9	11,500	19.3	404.62
(Note) Revision to the financial results forecast announced most recently:	Yes
* Notes:
(1) Significant changes in the scope of consolidation during the period:	None
Newly included:	-	(Company name:						)
Excluded:	-	(Company name:						)

Changes in accounting policies, changes in accounting estimates, and restatement
1. Changes in accounting policies due to revisions to accounting standards and other regulations: None
2. Changes in accounting policies due to other reasons: None
3. Changes in accounting estimates: None
4. Restatement: None
Number of issued shares (common shares)
1. Total number of issued shares at the end of the period (including treasury shares):

September 30, 2024:	28,630,000	shares
March 31, 2024:	28,790,000	shares
2) Number of treasury shares at the end of the period:
September 30, 2024:	208,836	shares
March 31, 2024:	234,170	shares

3) Average number of shares outstanding during the period:
Six months ended September 30, 2024:	28,518,541	shares
Six months ended September 30, 2023:	28,802,127	shares

(Reference) Overview of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Six Months Ended September 30, 2024 (April 1, 2024 to September 30, 2024)
(1) Non-consolidated Operating Results						(Percentages indicate year-on-year changes.)
	Ordinary income		Ordinary profit	Net income
Six months ended	Millions of yen	%		Millions of yen		%	Millions of yen	%
September 30, 2024	37,443	4.3		9,381		36.5	6,289	36.2
September 30, 2023	35,894	(10.2)		6,875		(15.9)	4,616	(18.0)

	Basic earnings
	per share
Six months ended		Yen
September 30, 2024		220.54
September 30, 2023		160.28
(2) Non-consolidated Financial Position
	Total assets		Net assets		Capital adequacy ratio
As of	Millions of yen		Millions of yen			%
September 30, 2024		5,750,049				311,490		5.4
March 31, 2024		5,805,865				301,845		5.2
(Reference) Equity: As of	September 30, 2024:	¥	311,481 million
As of	March 31, 2024:			¥	301,823 million

2. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2025(April 1, 2024 to March 31, 2025) (Percentages indicate year-on-year changes.)

	Ordinary income	Ordinary profit	Net income		Basic earnings per share

	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
Full year	75,500	2.7	16,600	25.0	11,000	24.2	387.03

Semi-annualfinancial results reports are exempt from interim audit conducted by certified public accountants or an audit firm.
Proper use of earnings forecasts, and other special matters
The description of future performance of this report is based on information which is presently available and certain assumptions which are considered to be reasonable, and it does not guarantee future performance. Please take note that future performance may differ from forecasts.

Semi-annual Consolidated Financial Statements

Semi-annual Consolidated Balance Sheets

		(Millions of yen)
	As of March 31, 2024	As of September 30, 2024

Assets
Cash and due from banks	1,080,562	886,271
Call loans and bills bought	5,829	4,353
Monetary claims bought	40,659	25,303
Securities	1,117,828	1,233,115
Loans and bills discounted	3,428,362	3,454,623
Foreign exchanges	4,793	4,335
Lease receivables and investments in leases	18,020	19,996
Other assets	71,965	84,761
Tangible fixed assets	37,348	37,594
Intangible fixed assets	4,841	5,515
Retirement benefit asset	27,207	27,837
Deferred tax assets	722	711
Customers' liabilities for acceptances and guarantees	19,808	17,903
Allowance for loan losses	(17,298)	(17,824)
Total assets	5,840,650	5,784,499
Liabilities
Deposits	4,676,957	4,600,846
Negotiable certificates of deposit	72,678	85,882
Call money and bills sold	15,673	9,543
Borrowed money	615,210	630,486
Foreign exchanges	180	216
Other liabilities	83,654	71,339
Provision for bonuses for directors (and other officers)	58	-
Retirement benefit liability	270	278
Provision for retirement benefits for directors (and	41	24
other officers)

Provision for reimbursement of deposits	117	183
Provision for contingent loss	121	137
Provision for share-based compensation	216	187
Deferred tax liabilities	21,446	23,969
Deferred tax liabilities for land revaluation	5,027	5,027
Acceptances and guarantees	19,808	17,903
Total liabilities	5,511,464	5,446,025

		(Millions of yen)
	As of March 31, 2024	As of September 30, 2024

Net assets
Share capital	37,322	37,322
Capital surplus	30,486	30,486
Retained earnings	194,802	199,448
Treasury shares	(569)	(562)
Total shareholders' equity	262,041	266,694
Valuation difference on available-for-sale securities	49,774	54,742
Deferred gains or losses on hedges	(11)	231
Revaluation reserve for land	7,865	7,865
Remeasurements of defined benefit plans	9,494	8,931
Total accumulated other comprehensive income	67,123	71,770
Share acquisition rights	21	8
Total net assets	329,186	338,473
Total liabilities and net assets	5,840,650	5,784,499

Semi-annual Consolidated Statements of Income and Comprehensive Income

Semi-annual Consolidated Statements of Income (For the six months)

		(Millions of yen)
	For the six months	For the six months
	ended September 30, 2023	ended September 30, 2024

Ordinary income	40,078	41,716
Interest income	25,515	27,613
Interest on loans and discounts	18,999	20,213
Interest and dividends on securities	5,795	6,059
Fees and commissions	6,168	6,286
Other ordinary income	2,351	3,145
Other income	6,043	4,671
Ordinary expenses	32,608	31,669
Interest expenses	6,995	7,136
Interest on deposits	2,376	2,721
Fees and commissions payments	1,768	1,883
Other ordinary expenses	2,009	1,580
General and administrative expenses	16,745	16,312
Other expenses	5,089	4,757
Ordinary profit	7,470	10,046
Extraordinary income	17	16
Gain on disposal of non-current assets	17	16
Extraordinary losses	183	152
Loss on disposal of non-current assets	38	102
Impairment losses	145	50
Profit before income taxes	7,304	9,910
Income taxes - current	1,911	2,744
Income taxes - deferred	435	504
Total income taxes	2,347	3,248
Profit	4,957	6,662
Profit attributable to owners of parent	4,957	6,662

Semi-annual Consolidated Statements of Comprehensive Income (For the six months)

		(Millions of yen)
	For the six months	For the six months
	ended September 30, 2023	ended September 30, 2024

Profit	4,957	6,662
Other comprehensive income	7,941	4,647
Valuation difference on available-for-sale securities	7,978	4,968
Deferred gains or losses on hedges	235	242
Remeasurements of defined benefit plans, net of tax	(272)	(563)
Comprehensive income	12,898	11,309
Comprehensive income attributable to
Comprehensive income attributable to owners of	12,898	11,309
parent

Semi-annual Consolidated Statements of Changes in Equity

For the six months ended September 30, 2023

				(Millions of yen)
		Shareholders' equity
			Retained	Treasury	Total
	Share capital	Capital surplus	shareholders'
	earnings	shares
			equity

Balance at beginning	37,322	30,486	187,908	(513)	255,204
of period

Changes during
period
Dividends of			(1,159)		(1,159)
surplus

Profit attributable to			4,957		4,957
owners of parent

Purchase of treasury				(724)	(724)
shares

Disposal of treasury			(0)	0	0
shares

Retirement of			(670)	670	-
treasury stock

Reversal of
revaluation reserve			47		47
for land
Net changes in
items other than
shareholders' equity
Total changes	-	-	3,174	(54)	3,120
during period

Balance at end of	37,322	30,486	191,082	(567)	258,324
period


		Accumulated other comprehensive income
	Valuation				Total	Share	Total net
	Deferred gains	Revaluation	Remeasurements	accumulated
	difference on		acquisition	assets
	available-for-sale	or losses on	reserve for	of defined	other	rights
	securities	hedges	land	benefit plans	comprehensive
				income

Balance at beginning	14,669	138	7,952	3,113	25,873	21	281,098
of period

Changes during
period
Dividends of							(1,159)
surplus

Profit attributable to							4,957
owners of parent

Purchase of treasury							(724)
shares

Disposal of treasury							0
shares

Retirement of							-
treasury stock

Reversal of
revaluation reserve							47
for land
Net changes in
items other than	7,978	235	(47)	(272)	7,894	-	7,894
shareholders' equity
Total changes	7,978	235	(47)	(272)	7,894	-	11,014
during period

Balance at end of	22,647	373	7,904	2,841	33,767	21	292,112
period

For the six months ended September 30, 2024

				(Millions of yen)
		Shareholders' equity
			Retained	Treasury	Total
	Share capital	Capital surplus	shareholders'
	earnings	shares
			equity

Balance at beginning	37,322	30,486	194,802	(569)	262,041
of period

Changes during
period
Dividends of			(1,577)		(1,577)
surplus

Profit attributable to			6,662		6,662
owners of parent

Purchase of treasury				(501)	(501)
shares

Disposal of treasury		3		66	70
shares

Retirement of		(441)		441	-
treasury stock

Transfer from
retained earnings to		438	(438)		-
capital surplus
Reversal of
revaluation reserve					-
for land
Net changes in
items other than
shareholders' equity
Total changes	-	-	4,646	7	4,653
during period

Balance at end of	37,322	30,486	199,448	(562)	266,694
period


		Accumulated other comprehensive income
	Valuation				Total	Share	Total net
	Deferred gains	Revaluation	Remeasurements	accumulated
	difference on		acquisition	assets
	available-for-sale	or losses on	reserve for	of defined	other	rights
	securities	hedges	land	benefit plans	comprehensive
				income

Balance at beginning	49,774	(11)	7,865	9,494	67,123	21	329,186
of period

Changes during
period
Dividends of							(1,577)
surplus

Profit attributable to							6,662
owners of parent

Purchase of treasury							(501)
shares

Disposal of treasury							70
shares

Retirement of							-
treasury stock

Transfer from
retained earnings to							-
capital surplus
Reversal of
revaluation reserve							-
for land
Net changes in
items other than	4,968	242	-	(563)	4,647	(12)	4,634
shareholders' equity
Total changes	4,968	242	-	(563)	4,647	(12)	9,287
during period

Balance at end of	54,742	231	7,865	8,931	71,770	8	338,473
period

Semi-annual Non-consolidated Financial Statements

Semi-annual Non-consolidated Balance Sheets

		(Millions of yen)
	As of March 31, 2024	As of September 30, 2024

Assets
Cash and due from banks	1,080,435	885,627
Call loans	5,829	4,353
Monetary claims bought	40,456	25,109
Securities	1,118,802	1,234,328
Loans and bills discounted	3,433,173	3,460,605
Foreign exchanges	4,793	4,335
Other assets	66,687	80,097
Other	66,687	80,097
Tangible fixed assets	33,692	33,970
Intangible fixed assets	3,782	4,469
Prepaid pension costs	13,565	15,005
Customers' liabilities for acceptances and guarantees	19,808	17,903
Allowance for loan losses	(15,163)	(15,757)
Total assets	5,805,865	5,750,049
Liabilities
Deposits	4,684,606	4,608,017
Negotiable certificates of deposit	80,678	93,882
Call money	15,673	9,543
Borrowed money	606,205	620,917
Foreign exchanges	180	216
Other liabilities	74,257	62,661
Income taxes payable	2,578	2,084
Lease liabilities	880	788
Asset retirement obligations	276	235
Other	70,522	59,552
Provision for bonuses for directors (and other officers)	58	-
Provision for reimbursement of deposits	117	183
Provision for contingent loss	121	137
Provision for share-based compensation	216	187
Deferred tax liabilities	17,067	19,882
Deferred tax liabilities for land revaluation	5,027	5,027
Acceptances and guarantees	19,808	17,903
Total liabilities	5,504,020	5,438,558