Senshu Ikeda Holdings,inc.TSE: 8714

Financial Results for the First Quarter of the Fiscal Year ending March 31, 2021

Jul 31, 2020 at 7:35 AM UTC · Issued by Senshu Ikeda Holdings,inc.

(Consolidated Data)

July 31, 2020

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:

Osamu Tsukagoshi, Executive Officer, General Manager of the

Corporate Planning and General Affairs Division

Telephone: +81-6-4802-0013

Scheduled date for filing quarterly securities report

August 7, 2020

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, 2021

(April 1, 2020 － June 30, 2020)

(1) Consolidated Operating Results

(%: Changes from previous fiscal year)

Ordinary revenue

Ordinary income

Profit attributable to

owners of the parent

Million yen

Three months ended

19,365

(17.5)

2,016

(4.7)

1,503

(10.9)

June 30, 2020

Three months ended

23,486

(2.0)

2,116

(53.0)

1,688

(49.8)

June 30, 2019

(Note) Comprehensive income:

Three months ended June 30, 2020:

4,250million yen

[139.0％]

Three months ended June 30, 2019:

1,777million yen

[ (65.2％) ]

Net income

Diluted earnings

per share

Yen

Three months ended

5.35

4.48

June 30, 2020

Three months ended

6.04

5.06

June 30, 2019

(2) Consolidated Financial Position

Total assets

Total net assets

Equity ratio

Million yen

As of June 30, 2020

5,758,904

235,276

4.0

As of March 31, 2020

5,492,555

232,373

4.1

(Reference) capital: As of June 30, 2020: 232,901 million yen; As of March 31, 2020: 230,071 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, 2020

Fiscal Year ending	－

March 31, 2021

Fiscal Year ending
March 31, 2021		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, 2021 (April 1, 2020－March 31, 2021)

(%: 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	40,000	(11.3)	2,500	42.2	2,000	9.7	5.78
Full Year	80,000	(9.3)	6,000	21.2	4,000	1.4	11.57

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, 2021	: 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. :	None
(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, 2020					281,008,632 shares
As of March 31, 2020					281,008,632 shares
(b) Number of treasury shares
As of June 30, 2020					277,248 shares
As of March 31, 2020					277,099 shares
(c) Average number of shares for the period under review
Three months ended June 30, 2020			280,731,473 shares
Three months ended June 30, 2019			279,321,882 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, 2020

Fiscal Year ending	－


March 31, 2021


Fiscal Year ending
March 31, 2021		15.00	－	15.00	30.00
(Forecasts)

Consolidated Financial Statements

(1) Consolidated Balance Sheets

		(Unit: Millions of yen)
	As of March 31, 2020	As of June 30, 2020

Assets

Cash and due from banks	807,879	990,330

Call loans and bills bought	6,651	13,494

Monetary claims bought	99	99

Trading account securities	50	36

Money held in trust	19,988	19,836

Securities	548,789	563,746

Loans and bills discounted	3,963,504	4,029,850

Foreign exchange assets	5,468	4,947

Other assets	77,889	76,756

Tangible fixed assets	38,539	37,939

Intangible fixed assets	5,175	4,854

Net defined benefit assets	12,587	12,695

Deferred tax assets	9,104	7,892

Customers' liabilities for acceptances and guarantees	8,210	8,080

Reserve for possible loan losses	(11,385)	(11,657)

Total assets	5,492,555	5,758,904

Liabilities

Deposits	4,987,885	5,211,273

Borrowed money	209,104	248,986

Foreign exchange liabilities	556	449

Other liabilities	51,320	52,485

Provision for employees' bonuses	1,201	471

Net defined benefit liability	139	137

Accrued retirement benefits for directors and corporate auditors	4	4

Reserve for reimbursement of deposits	519	519

Reserve for point services	183	129

Reserve for contingent losses	873	864

Reserve under special laws	6	7

Deferred tax liabilities	176	216

Acceptances and guarantees	8,210	8,080

Total liabilities	5,260,182	5,523,627

Net Assets

Capital stock	102,999	102,999

Capital surplus	42,105	42,106

Retained earnings	78,839	78,915

Treasury stock	(94)	(94)

Total shareholders' equity	223,850	223,927

Net unrealized gain (loss) on available-for-sale securities	5,752	8,568

Net unrealized gain (loss) on deferred hedges	(170)	(166)

Remeasurements of defined benefit plans	638	572

Total accumulated other comprehensive income	6,220	8,974

Stock subscription rights	79	83

Non-controlling interests	2,223	2,291

Total net assets	232,373	235,276

Total liabilities and net assets	5,492,555	5,758,904

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, 2019	ended June 30, 2020
Ordinary revenue	23,486	19,365

Interest income	10,981	10,432

Interest on loans and bills discounted	9,823	9,759

Interest and dividends on securities	993	550

Fees and commissions	5,116	4,546

Other ordinary income	2,755	804

Other income	4,633	3,582

Ordinary expenses	21,370	17,349

Interest expenses	863	370

Interest on deposits	364	282

Fees and commissions payments	1,927	1,649

Other ordinary expenses	2,110	16

General and administrative expenses	12,180	11,304

Other expenses	4,288	4,008

Ordinary income	2,116	2,016

Extraordinary income	0	27

Gain on disposal of non-current assets	0	27

Extraordinary loss	16	36

Loss on disposal of non-current assets	7	11

Transfer to reserve for financial products transaction liabilities	0	0

Other extraordinary loss	8	24

Income before income taxes	2,100	2,007

Income taxes - current	698	86

Income taxes - deferred	(287)	423

Total income taxes	411	509

Profit	1,688	1,497

Profit attributable to non-controlling interests	0	(6)

Profit attributable to owners of the parent	1,688	1,503

Consolidated Statements of Comprehensive Income

		(Unit: Millions of yen)
	For the three months	For the three months
	ended June 30, 2019	ended June 30, 2020

Profit	1,688	1,497

Other comprehensive income	88	2,753

Net unrealized gain (loss) on available-for-sale securities	101	2,814

Net unrealized gain (loss) on deferred hedges	(13)	4

Remeasurements of defined benefit plans	0	(66)

Comprehensive income	1,777	4,250

Comprehensive income attributable to

Owners of the parent	1,775	4,257

Non-controlling interests	2	(7)

Selected Financial Information For the First Quarter of FY2020

(Ended June 30, 2020)

【Contents】

1	Summary of Profit and Loss
	(1)	Senshu Ikeda Holdings	Consolidated	・・・・・・・・・・ 1
	(2)	The Senshu Ikeda Bank	Non-consolidated	・・・・・・・・・・ 1
	(3)	Senshu Ikeda Tokai Tokyo Securities	Non-consolidated	・・・・・・・・・・ 1
	(4)	Interest Margins	Non-consolidated	・・・・・・・・・・ 2
	(5)	ROE	Consolidated	・・・・・・・・・・ 2
2	Information on Main Accounts
	(1)	Loans and Bills Discounted	Non-consolidated	・・・・・・・・・・ 3
	(2)	Deposits	Non-consolidated	・・・・・・・・・・ 4
	(3)	Assets under Management	Non-consolidated	・・・・・・・・・・ 4
	(4)	Securities	Non-consolidated	・・・・・・・・・・ 5
3	Status of Claims under the Financial Revitalization Law	Non-consolidated	・・・・・・・・・・ 6

(Notes) Recorded amounts are rounded down to the nearest million yen.

The Senshu Ikeda Bank transferred a portion of loans to the business rehabilitation subsidiaries on March 25, 2013.

For this reason, with regard to loans and bills discounted and status of claims under the Financial Revitalization Law, the total amounts of The Senshu Ikeda Bank and business rehabilitation subsidiaries are stated as well.

1. Summary of Profit and Loss

(1) Senshu Ikeda Holdings【Consolidated】
							(Millions of yen)

					For the three months	For the three months
					ended June 30, 2019	ended June 30, 2020
					(a)	(b)	(b)-(a)

1	Ordinary revenue		23,486	19,365	(4,121)
2	Ordinary expenses (-)		21,370	17,349	(4,021)
3	Ordinary income		2,116	2,016	(100)
4	Income before income taxes		2,100	2,007	(93)
5	Profit attributable to owners of the parent		1,688	1,503	(185)
6	Comprehensive income		1,777	4,250	2,473
7	Net credit costs (-)		1,027	689	(338)

(2) The Senshu Ikeda Bank 【Non-consolidated】
							(Millions of yen)
					For the three months	For the three months
					ended June 30, 2019	ended June 30, 2020
					(a)	(b)	(b)-(a)

1	Gross profit		13,065	12,908	(157)
2	(Core gross profit)		13,122	12,549	(573)
3		Net interest income		11,152	11,089	(63)
4		Net fees and commissions income		1,639	1,364	(275)

5		Net other operating income		273	453	180
6			Net gains (losses) on debt securities		(56)	358	414
7	Expenses (excluding non-recurring expenses) (-)	10,663	10,204	(459)
8		Personnel expenses (-)		5,224	5,067	(157)
9		Non-personnel expenses (-)		4,638	4,416	(222)

10	Banking profit (before provision for general reserve for	2,401	2,703	302
possible loan losses)

11		Core banking profit		2,458	2,344	(114)

12			Core banking profit(excluding gains (losses)	2,458	2,344	(114)
		on cancellation of investment trusts)

13		Net gains (losses) on debt securities		(56)	358	414

14	Provision for general reserve for	①	(320)	420	740
possible loan losses (-)

15	Banking profit		2,721	2,282	(439)
16	Net non-recurring gains (losses)		(604)	1	605
17		Credit costs (-)	②	1,561	166	(1,395)

18		Net gains (losses) on equity securities		1,119	187	(932)

19	Ordinary income		2,117	2,284	167
20	Net extraordinary income (losses)		(19)	(2)	17

21	Income before income taxes		2,098	2,281	183
22	Total income taxes (-)		116	235	119
23		Income taxes-current(-)		466	(189)	(655)
24		Income taxes-deferred(-)		(349)	424	773

25	Net income		1,981	2,046	65
26	Net credit costs (-)	①+②	1,241	586	(655)
(3) Senshu Ikeda Tokai Tokyo Securities 【Non-consolidated】
							(Millions of yen)
					For the three months	For the three months
					ended June 30, 2019	ended June 30, 2020
					(a)	(b)	(b)-(a)

1	Net operating income		664	697	33
2	Administrative expenses (-)		641	697	56
3	Operating income		23	0	(23)
4	Income before income taxes		23	(1)	(24)
5	Net income		14	(2)	(16)

― 1 ―

	(4) Interest Margins
	The Senshu Ikeda Bank 【Non-consolidated】
		① All business
													(%)
						For the fiscal		For the three		For the fiscal	For the three
						year ended		months ended		year ended	months ended
						Mar.31, 2019		June 30, 2019		Mar.31, 2020	June 30, 2020
								(a)		(b)	(c)	(c)-(a)		(c)-(b)
Average yield on interest		(A)	1.07	1.05	1.00	1.00	(0.05)	0.00
earning assets

	Average yield on loans	and	(B)	1.05	1.02	1.01	0.99	(0.03)	(0.02)
	bills discounted

	Average yield on securities			1.18	1.26	0.94	1.10	(0.16)	0.16

Average yield on interest		(C)	0.91	0.88	0.84	0.78	(0.10)	(0.06)
bearing liabilities

	Average yield on deposits	and	(D)	0.90	0.88	0.86	0.81	(0.07)	(0.05)
	negotiable (including expenses)

		Average yield on			0.03	0.02	0.02	0.02	0.00	0.00
		deposits and negotiable

		Expense ratio			0.86	0.85	0.83	0.79	(0.06)	(0.04)

	Average yield on external liabilities	0.22	0.19	0.10	0.04	(0.15)	(0.06)

Average interest rate spread (A)-(C)	0.16	0.17	0.16	0.22	0.05	0.06

Difference between average yield		0.15	0.14	0.15	0.18	0.04	0.03
on loans and deposits (B) - (D)

		② Domestic business
													(%)

						For the fiscal		For the three		For the fiscal	For the three
						year ended		months ended		year ended	months ended
						Mar.31, 2019		June 30, 2019		Mar.31, 2020	June 30, 2020
								(a)		(b)	(c)	(c)-(a)		(c)-(b)
Average yield on interest		(A)	1.02	1.02	0.97	0.99	(0.03)	0.02
earning assets

	Average yield on loans	and	(B)	1.03	1.00	1.00	0.98	(0.02)	(0.02)
	bills discounted

	Average yield on securities			1.00	1.21	0.82	1.10	(0.11)	0.28

Average yield on interest		(C)	0.83	0.82	0.79	0.74	(0.08)	(0.05)
bearing liabilities

	Average yield on deposits	and	(D)	0.86	0.84	0.82	0.78	(0.06)	(0.04)
	negotiable (including expenses)

		Average yield on			0.03	0.02	0.02	0.02	0.00	0.00
		deposits and negotiable

		Expense ratio			0.82	0.81	0.79	0.76	(0.05)	(0.03)

	Average yield on external liabilities	(0.01)	(0.00)	(0.00)	(0.00)	0.00	0.00

Average interest rate spread (A)-(C)	0.19	0.20	0.18	0.25	0.05	0.07

Difference between average yield		0.17	0.16	0.18	0.20	0.04	0.02
on loans and deposits (B) - (D)

	(5) ROE
		Senshu Ikeda Holdings 【Consolidated】
													(%)
						For the fiscal		For the three		For the fiscal	For the three
						year ended		months ended		year ended	months ended
						Mar.31, 2019		June 30, 2019		Mar.31, 2020	June 30, 2020
								(a)		(b)	(c)	(c)-(a)		(c)-(b)
Shareholders' equity ROE				3.25		3.78		2.25	3.59		(0.19)	1.34
(Income before income taxes basis)

Shareholders' equity ROE				2.66		3.03		1.76	2.69		(0.34)	0.93
(Profit attributable to owners of the parent basis)

(Note) Shareholders' equity basis after deduction of total accumulated other comprehensive income.

						(%)
	For the fiscal	For the three	For the fiscal	For the three
	year ended	months ended	year ended	months ended
	Mar.31, 2019	June 30, 2019	Mar.31, 2020	June 30, 2020
		(a)	(b)	(c)	(c)-(a)	(c)-(b)
ROE	3.12	3.59	2.17	3.47	(0.12)	1.30
(Income before income taxes basis)

ROE	2.55	2.89	1.69	2.60	(0.29)	0.91
(Profit attributable to owners of the parent basis)

― 2 ―

2. Information on Main Accounts

The Senshu Ikeda Bank 【Non-consolidated】

(1) Loans and Bills Discounted
	① Breakdown of loan balance
						(Millions of yen)

		As of Mar.	As of June	As of Mar.	As of June
		31, 2019	30, 2019	31, 2020	30, 2020
			(a)	(b)	(c)	(c)-(a)	(c)-(b)
Corporate loans	2,115,162	2,092,094	2,154,097	2,220,398	128,304	66,301
Consumer loans	1,811,194	1,813,717	1,829,463	1,830,574	16,857	1,111
	Housing loans	1,758,960	1,759,936	1,772,948	1,773,983	14,047	1,035
	Other loans	52,234	53,781	56,514	56,591	2,810	77
Total	3,926,357	3,905,812	3,983,560	4,050,972	145,160	67,412
	Foreign currency loans	25,334	23,169	20,137	16,023	(7,146)	(4,114)
(Scale of enterprise)
Large and mid-tier enterprises	403,358	392,460	410,436	418,442	25,982	8,006
Small and medium-sized enterprises	1,509,319	1,501,241	1,554,815	1,612,277	111,036	57,462
Local governments	142,060	138,647	129,871	132,619	(6,028)	2,748
Japanese government	65,007	65,007	65,044	65,044	37	－
Individuals	1,806,612	1,808,456	1,823,392	1,822,589	14,133	(803)
Total	3,926,357	3,905,812	3,983,560	4,050,972	145,160	67,412

Average Balance	3,871,096	3,891,530	3,903,614	3,990,385	98,855	86,771
	Including business rehabilitation subsidiaries
						(Millions of yen)

		As of Mar.	As of June	As of Mar.	As of June
		31, 2019	30, 2019	31, 2020	30, 2020
			(a)	(b)	(c)	(c)-(a)	(c)-(b)
Corporate loans	2,119,006	2,094,042	2,154,097	2,220,398	126,356	66,301
Consumer loans	1,811,194	1,813,717	1,829,463	1,830,574	16,857	1,111
	Housing loans	1,758,960	1,759,936	1,772,948	1,773,983	14,047	1,035
	Other loans	52,234	53,781	56,514	56,591	2,810	77
Total	3,930,201	3,907,760	3,983,560	4,050,972	143,212	67,412
	Foreign currency loans	25,334	23,169	20,137	16,023	(7,146)	(4,114)
(Scale of enterprise)
Large and mid-tier enterprises	403,358	392,460	410,436	418,442	25,982	8,006
Small and medium-sized enterprises	1,513,163	1,503,190	1,554,815	1,612,277	109,087	57,462
Local governments	142,060	138,647	129,871	132,619	(6,028)	2,748
Japanese government	65,007	65,007	65,044	65,044	37	－
Individuals	1,806,612	1,808,456	1,823,392	1,822,589	14,133	(803)
Total	3,930,201	3,907,760	3,983,560	4,050,972	143,212	67,412

Average Balance	3,875,406	3,894,920	3,905,338	3,990,385	95,465	85,047

Loans to small and medium-sized enterprises (SMEs), etc.

					(Millions of yen, %)
	As of Mar.	As of June	As of Mar.	As of June
	31, 2019	30, 2019	31, 2020	30, 2020
		(a)	(b)	(c)	(c)-(a)	(c)-(b)
Loans to SMEs, etc.	3,315,931	3,309,698	3,378,208	3,434,866	125,168	56,658
Ratio of loans to SMEs, etc.	84.45	84.73	84.80	84.79	0.06	(0.01)
Including business rehabilitation subsidiaries
					(Millions of yen, %)
	As of Mar.	As of June	As of Mar.	As of June
	31, 2019	30, 2019	31, 2020	30, 2020
		(a)	(b)	(c)	(c)-(a)	(c)-(b)
Loans to SMEs, etc.	3,319,775	3,311,646	3,378,208	3,434,866	123,220	56,658
Ratio of loans to SMEs, etc.	84.46	84.74	84.80	84.79	0.05	(0.01)

― 3 ―

(2) Deposits
						(Millions of yen)
		As of Mar.	As of June	As of Mar.	As of June
		31, 2019	30, 2019	31, 2020	30, 2020
			(a)	(b)	(c)	(c)-(a)	(c)-(b)

Individual	3,842,757	3,873,679	3,844,283	3,963,159	89,480	118,876

	Online branch	40,289	38,347	33,154	32,078	(6,269)	(1,076)

Corporation	1,147,658	1,174,210	1,163,398	1,269,516	95,306	106,118

	General corporation	1,030,228	1,036,524	1,014,542	1,120,873	84,349	106,331

	Financial institutions	5,982	5,498	17,045	16,473	10,975	(572)

	Governmental funds	111,447	132,187	131,809	132,170	(17)	361

Subtotal	4,990,415	5,047,890	5,007,681	5,232,676	184,786	224,995

	Foreign currency deposits	14,567	15,814	13,617	14,786	(1,028)	1,169

Negotiable certificates of deposit	－	－	27,800	27,000	27,000	(800)

Total	4,990,415	5,047,890	5,035,481	5,259,676	211,786	224,195


Average Balance deposits	4,924,518	4,983,298	4,982,232	5,106,405	123,107	124,173

Average Balance deposits and	4,943,515	5,001,987	5,005,426	5,134,746	132,759	129,320
negotiable certificates of deposit

(3) Assets under Management
	① Investment products sales
						(Millions of yen)
		For the fiscal	For the fiscal		For the three	For the three
		year ended	year ended		months ended	months ended
		Mar.31, 2019	Mar.31, 2020		June 30, 2019	June 30, 2020
		(a)	(b)	(b)-(a)	(c)	(d)	(d)-(c)

The Senshu Ikeda Bank	165,069	166,518	1,449	36,913	28,249	(8,664)

	Investment trusts	81,567	101,845	20,278	17,445	18,276	831

	Public bonds	892	599	(293)	263	111	(152)

	Life insurance	82,609	64,073	(18,536)	19,204	9,861	(9,343)

Senshu Ikeda Tokai Tokyo Securities	46,805	44,748	(2,057)	10,704	4,922	(5,782)

	Total	211,874	211,267	(607)	47,618	33,172	(14,446)

Balance of assets under management (individual)

						(Millions of yen)
		As of Mar.	As of June	As of Mar.	As of June
		31, 2019	30, 2019	31, 2020	30, 2020
			(a)	(b)	(c)	(c)-(a)	(c)-(b)

Deposits	3,842,757	3,873,679	3,844,283	3,963,159	89,480	118,876

Investment trusts	177,445	176,462	156,837	174,506	(1,956)	17,669

Life insurance	539,046	536,015	514,588	518,204	(17,811)	3,616

Public bonds	10,293	9,897	9,147	8,864	(1,033)	(283)

Senshu Ikeda Tokai Tokyo Securities	102,777	100,792	87,293	96,186	(4,606)	8,893

	Total	4,672,319	4,696,848	4,612,149	4,760,921	64,073	148,772

	(Reference) Balance of assets under management
						(Millions of yen)

		As of Mar.	As of June	As of Mar.	As of June
		31, 2019	30, 2019	31, 2020	30, 2020
			(a)	(b)	(c)	(c)-(a)	(c)-(b)

The Senshu Ikeda Bank	197,691	195,915	174,003	191,508	(4,407)	17,505

	Investment trusts	184,405	183,134	162,286	180,314	(2,820)	18,028

	Public bonds	13,286	12,780	11,717	11,194	(1,586)	(523)

Senshu Ikeda Tokai Tokyo Securities	119,713	116,055	101,233	110,912	(5,143)	9,679

	Total	317,405	311,971	275,237	302,420	(9,551)	27,183

― 4 ―

Securities
- Breakdown of security balance

								(Millions of yen)
				As of Mar.	As of June	As of Mar.	As of June
				31, 2019	30, 2019	31, 2020	30, 2020
					(a)	(b)	(c)	(c)-(a)	(c)-(b)

Securities	629,846	663,480	566,004	580,879	(82,601)	14,875

	Government bonds	64,115	52,321	26,380	36,593	(15,728)	10,213

	Local government bonds	60,118	87,379	113,365	120,264	32,885	6,899

	Corporate bonds	256,712	285,174	299,306	292,328	7,154	(6,978)

		Authority bonds	181,769	199,926	206,816	200,762	836	(6,054)

		Bank debenture bonds	－	－	－	－	－	－

		General corporate bonds	74,943	85,248	92,490	91,566	6,318	(924)

	Stocks	48,356	44,703	40,866	43,542	(1,161)	2,676

	Other securities	200,544	193,901	86,085	88,149	(105,752)	2,064

		Foreign securities	91,847	90,344	5	5	(90,339)	0

			Euroyen bonds	1,000	1,000	－	－	(1,000)	－

			Dollar-dominated bonds	49,566	49,681	－	－	(49,681)	－

			Euro-dominated bonds	41,275	39,657	－	－	(39,657)	－

		REIT	37,775	33,431	26,852	27,962	(5,469)	1,110

		Investment trusts	61,901	61,147	50,617	51,446	(9,701)	829

			Hedging investment trust	－	－	－	－	－	－
			for cross-shareholdings etc.

		Investment partnership	9,019	8,978	8,609	8,734	(244)	125


Average Balance	753,944	639,403	623,823	565,953	(73,450)	(57,870)

Net unrealized gains (losses) on securities

								(Millions of yen)
				As of Mar.	As of June	As of Mar.	As of June
				31, 2019	30, 2019	31, 2020	30, 2020
					(a)	(b)	(c)	(c)-(a)	(c)-(b)

Held-to-maturity debt securities	5	2	－	－	(2)	－

Available-for-sale securities	11,529	11,820	7,532	11,064	(756)	3,532

	Stocks	10,955	8,429	5,662	8,294	(135)	2,632

	Bonds	1,073	1,444	(119)	(64)	(1,508)	55

		Government bonds	156	112	36	30	(82)	(6)

		Local government bonds	50	77	(93)	(104)	(181)	(11)

		Corporate bonds	867	1,253	(62)	9	(1,244)	71

	Other securities	(500)	1,946	1,988	2,834	888	846

		Foreign securities	(233)	561	－	－	(561)	－

			Euroyen bonds	－	－	－	－	－	－

			Dollar-dominated bonds	(1,265)	(1,230)	－	－	1,230	－

			Euro-dominated bonds	1,032	1,791	－	－	(1,791)	－

		REIT	3,308	3,723	3,618	3,660	(63)	42

		Investment trusts	(3,608)	(2,424)	(1,765)	(936)	1,488	829

			Hedging investment trust	－	－	－	－	－	－
			for cross-shareholdings etc.

		Investment partnership	33	85	135	110	25	(25)

― 5 ―

3. Status of Claims disclosed under the Financial Revitalization Law The Senshu Ikeda Bank 【Non-consolidated】

					(Millions of yen, %)
	As of Mar.	As of June	As of Mar.	As of June
	31, 2019	30, 2019	31, 2020	30, 2020
		(a)	(b)	(c)	(c)-(a)	(c)-(b)

Bankruptcy and quasi-bankrupt claims	4,509	4,519	3,519	2,202	(2,317)	(1,317)

Doubtful claims	21,314	22,224	22,218	23,207	983	989

Substandard claims	4,843	4,848	5,743	5,677	829	(66)

Subtotal (A)	30,668	31,592	31,481	31,087	(505)	(394)

Normal claims	3,923,411	3,903,492	3,987,388	4,056,005	152,513	68,617

Total (B)	3,954,079	3,935,084	4,018,870	4,087,093	152,009	68,223


Non-performing loans ratio (A)/(B)	0.77	0.80	0.78	0.76	(0.04)	(0.02)


Partial direct write-off	30,816	31,801	25,957	26,288	(5,513)	331

(Reference)
Including business rehabilitation subsidiaries
					(Millions of yen, %)

	As of Mar.	As of June	As of Mar.	As of June
	31, 2019	30, 2019	31, 2020	30, 2020
		(a)	(b)	(c)	(c)-(a)	(c)-(b)

Bankruptcy and quasi-bankrupt claims	5,156	4,519	3,519	2,202	(2,317)	(1,317)

Doubtful claims	24,368	24,036	22,218	23,207	(829)	989

Substandard claims	4,987	4,985	5,743	5,677	692	(66)

Subtotal (A)	34,512	33,541	31,481	31,087	(2,454)	(394)

Normal claims	3,923,411	3,903,492	3,987,388	4,056,005	152,513	68,617

Total (B)	3,957,923	3,937,033	4,018,870	4,087,093	150,060	68,223


Non-performing loans ratio (A)/(B)	0.87	0.85	0.78	0.76	(0.09)	(0.02)


Partial direct write-off	30,852	31,836	27,140	26,288	(5,548)	(852)

(Notes) Claims:

Claims represent loans and bills discounted; Foreign exchanges; Accrued income and suspense payment account under Other assets; and Customers' liabilities for acceptances and guarantees in the Balance Sheet; as the securities loaned (limited for use agreements or lease contracts), which are required to be stated in a note to the Balance Sheet.

Bankruptcy and quasi-bankrupt claims:

Bankruptcy and quasi-bankrupt claims represent the claims held by borrowers who have been classified as "bankrupt borrowers" and "effectively bankrupt borrowers" by the Bank's self-assessment.

Doubtful claims:

Doubtful claims represent the claims held by borrowers who have been classified as "potentially bankrupt borrowers" by the Bank's self-assessment.

Substandard claims:

Substandard claims represent the claims held by borrowers who have been classified as "loans past due three months or more" and "restructured loans" among the claims requiring special caution. (Borrowers requiring special caution: Borrowers who have concerns in lending conditions, exercising their obligations and financial situation, requiring special caution on their future situations.)

Normal claims:

Normal claims represent the claims held by borrowers who show no particular problems regarding financial conditions and business performances; therefore they are classified as an item other than the aforementioned claims.

― 6 ―

Company analysis