Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy between the Japanese original and this English translation, the Japanese original shall prevail.
Consolidated Summary Report
for the Three Months Ended June 30, 2024
[Japanese GAAP]
Company name: The Hyakujushi Bank, Ltd. | August 6, 2024 | ||||||||||
Stock exchange listing: Tokyo | |||||||||||
Code number: 8386 | |||||||||||
URL: https://www.114bank.co.jp/ | |||||||||||
Representative: Masashi Mori | Representative Director, President | ||||||||||
Contact: Takayuki Muramatsu | Executive Officer and General Manager, Corporate Planning Division | ||||||||||
Phone: +81-87-836-2721 | |||||||||||
Scheduled date of commencing dividend payments: - | |||||||||||
Trading Accounts: No | |||||||||||
Availability of supplementary briefing material on financial results: Yes | |||||||||||
Schedule of financial results briefing session: No | |||||||||||
(Amounts of less than one million yen are rounded down.) | |||||||||||
1. Consolidated Financial Results for the Three Months Ended June 30, 2024 (April 1, 2024 to June 30, 2024) | |||||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | ||||||||||
Ordinary income | Ordinary profit | Profit attributable to | |||||||||
owners of parent | |||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||
June 30, 2024 | 22,235 | 9.2 | 6,981 | 21.9 | 4,527 | 21.0 | |||||
June 30, 2023 | 20,366 | (9.4) | 5,726 | 12.2 | 3,740 | 12.1 |
(Note) Comprehensive income: | Three months ended June 30, 2024: |
Three months ended June 30, 2023: |
¥ | 2,148 million | [ | (86.6) %] |
¥ | 16,022 million | [ | -%] |
Basic earnings | Diluted earnings per | |
per share | share | |
Three months ended | Yen | Yen |
June 30, 2024 | 158.56 | 158.53 |
June 30, 2023 | 129.33 | 129.30 |
(2) Consolidated Financial Position
Total assets | Net assets | Capital adequacy ratio | ||
As of | Millions of yen | Millions of yen | % | |
June 30, 2024 | 5,927,271 | 329,714 | 5.6 | |
March 31, 2024 | 5,840,650 | 329,186 | 5.6 | |
(Reference) Equity: As of | June 30, 2024: | ¥ | 329,692 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 | - | ||||||||
Fiscal year ending March 31, 2025 | 50.00 | - | 50.00 | 100.00 | |||||
(Forecast) | |||||||||
(Note) Revision to the forecast for dividends | announced most | recently: | No | ||||||
(Note) Breakdown of the 1st quarter 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)
(% indicates changes from the previous corresponding period.)
Ordinary income | Ordinary profit | Profit attributable to | Basic earnings per share | |||||||||
owners of parent | ||||||||||||
Six months ending | Millions of yen | % | Millions of yen | % | Millions of yen | % | Yen | |||||
40,500 | 1.1 | 8,000 | 7.1 | 5,500 | 11.0 | 192.68 | ||||||
September 30, 2024 | ||||||||||||
Full year | 83,000 | 1.0 | 15,500 | 6.5 | 10,000 | 3.7 | 350.33 | |||||
(Note) Revision to the financial results forecast announced most recently: No | ||||||||||||
* Notes: | ||||||||||||
(1) Significant changes in the scope of consolidation during the period: No | ||||||||||||
New | - | (Company name: | ) | |||||||||
Exclusion: | - | (Company name: | ) | |||||||||
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | Yes |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: No
- Changes in accounting policies other than 1) above: No
- Changes in accounting estimates: No
- Retrospective restatement: No
- Total number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares):
June 30, 2024: | 28,790,000 | shares |
March 31, 2024: | 28,790,000 | shares |
2) Number of treasury shares at the end of the period: | ||
June 30, 2024: | 245,551 | shares |
March 31, 2024: | 234,170 | shares |
3) Average number of shares outstanding during the period: | ||
Three months ended June 30, 2024: | 28,555,260 | shares |
Three months ended June 30, 2023: | 28,918,473 | shares |
- Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: No
- Proper use of earnings forecasts, and other special matters
The forecasts above were prepared based on information available as of the date of publication of this document. Actual financial results may differ from the forecast figures due to various factors in the future.
Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets
(Millions of yen) | ||
As of March 31, 2024 | As of June 30, 2024 | |
Assets | ||
Cash and due from banks | 1,080,562 | 1,049,688 |
Call loans and bills bought | 5,829 | 5,234 |
Monetary claims bought | 40,659 | 35,658 |
Securities | 1,117,828 | 1,219,429 |
Loans and bills discounted | 3,428,362 | 3,436,631 |
Foreign exchanges | 4,793 | 6,761 |
Lease receivables and investments in leases | 18,020 | 18,145 |
Other assets | 71,965 | 82,414 |
Tangible fixed assets | 37,348 | 37,589 |
Intangible fixed assets | 4,841 | 5,480 |
Retirement benefit asset | 27,207 | 27,597 |
Deferred tax assets | 722 | 722 |
Customers' liabilities for acceptances and guarantees | 19,808 | 18,240 |
Allowance for loan losses | (17,298) | (16,322) |
Total assets | 5,840,650 | 5,927,271 |
Liabilities | ||
Deposits | 4,676,957 | 4,733,240 |
Negotiable certificates of deposit | 72,678 | 77,010 |
Call money and bills sold | 15,673 | 16,613 |
Borrowed money | 615,210 | 640,925 |
Foreign exchanges | 180 | 233 |
Other liabilities | 83,654 | 85,005 |
Provision for bonuses for directors (and other officers) | 58 | - |
Retirement benefit liability | 270 | 267 |
Provision for retirement benefits for directors (and | 41 | 20 |
other officers) | ||
Provision for reimbursement of deposits | 117 | 195 |
Provision for contingent loss | 121 | 126 |
Provision for share-based compensation | 216 | 230 |
Deferred tax liabilities | 21,446 | 20,420 |
Deferred tax liabilities for land revaluation | 5,027 | 5,027 |
Acceptances and guarantees | 19,808 | 18,240 |
Total liabilities | 5,511,464 | 5,597,556 |
Net assets | ||
Share capital | 37,322 | 37,322 |
Capital surplus | 30,486 | 30,486 |
Retained earnings | 194,802 | 197,752 |
Treasury shares | (569) | (612) |
Total shareholders' equity | 262,041 | 264,948 |
Valuation difference on available-for-sale securities | 49,774 | 47,612 |
Deferred gains or losses on hedges | (11) | 52 |
Revaluation reserve for land | 7,865 | 7,865 |
Remeasurements of defined benefit plans | 9,494 | 9,212 |
Total accumulated other comprehensive income | 67,123 | 64,744 |
Share acquisition rights | 21 | 21 |
Total net assets | 329,186 | 329,714 |
Total liabilities and net assets | 5,840,650 | 5,927,271 |
Quarterly Consolidated Statements of Income and Comprehensive Income | ||
Quarterly Consolidated Statements of Income (For the three months) | ||
(Millions of yen) | ||
For the three months | For the three months | |
ended June 30, 2023 | ended June 30, 2024 | |
Ordinary income | 20,366 | 22,235 |
Interest income | 13,409 | 14,381 |
Interest on loans and discounts | 9,342 | 10,057 |
Interest and dividends on securities | 3,712 | 3,722 |
Fees and commissions | 2,993 | 3,018 |
Other ordinary income | 1,023 | 1,811 |
Other income | 2,940 | 3,024 |
Ordinary expenses | 14,640 | 15,254 |
Interest expenses | 3,381 | 3,685 |
Interest on deposits | 1,187 | 1,371 |
Fees and commissions payments | 883 | 945 |
Other ordinary expenses | 508 | 706 |
General and administrative expenses | 8,354 | 8,133 |
Other expenses | 1,513 | 1,782 |
Ordinary profit | 5,726 | 6,981 |
Extraordinary income | 6 | 10 |
Gain on disposal of non-current assets | 6 | 10 |
Extraordinary losses | 44 | 97 |
Loss on disposal of non-current assets | 15 | 93 |
Impairment losses | 29 | 3 |
Profit before income taxes | 5,688 | 6,895 |
Income taxes | 1,948 | 2,367 |
Profit | 3,740 | 4,527 |
Profit attributable to owners of parent | 3,740 | 4,527 |
Quarterly Consolidated Statements of Comprehensive Income (For the three months)
(Millions of yen) | ||
For the three months | For the three months | |
ended June 30, 2023 | ended June 30, 2024 | |
Profit | 3,740 | 4,527 |
Other comprehensive income | 12,282 | (2,379) |
Valuation difference on available-for-sale securities | 12,130 | (2,162) |
Deferred gains or losses on hedges | 288 | 64 |
Remeasurements of defined benefit plans, net of tax | (136) | (281) |
Comprehensive income | 16,022 | 2,148 |
Comprehensive income attributable to | ||
Comprehensive income attributable to owners of | 16,022 | 2,148 |
parent | ||