November 9, 2021
Resona Holdings, Inc.
Consolidated Financial Results for the First Half of Fiscal Year 2021
(Six months ended September 30, 2021/ Unaudited)
Code number: 8308 | Stock exchange listings: | Tokyo | |
URL: https://www.resona-gr.co.jp/holdings/english/index.html | |||
Representative: Masahiro Minami, Director, President and Representative Executive Officer | |||
Contact: Hiroshi Saito, General Manager, Finance and Accounting Division | Telephone: +81-3-6704-3111 | ||
Quarterly securities report issuing date: | November 19, 2021 | Dividends payment date: | December 8, 2021 |
Supplemental information for the financial results: Available | Trading accounts: | Established | |
Quarterly investor meeting presentation: | Scheduled (for institutional investors and analysts) |
Note: Amounts of less than one million yen are rounded down.
1. Consolidated Financial Results for the First Half of Fiscal Year 2021 (April 1, 2021- September 30, 2021)
(1) | Consolidated Operating Results | (% represents the change from the same period in previous fiscal year) | |||||||||||||
Ordinary Income | Ordinary Profits | Net Income Attributable to | |||||||||||||
Owners of Parent | |||||||||||||||
Million yen | % | Million yen | % | Million yen | % | ||||||||||
1H of FY2021 | 413,193 | ( 8.2 ) | 117,598 | ( 39.2 ) | 80,837 | ( 43.3 ) | |||||||||
1H of FY2020 | 381,925 | ( -11.4 ) | 84,488 | ( -25.0 ) | 56,395 | ( -26.7 ) | |||||||||
Note: Comprehensive Income: 1H of FY2021: 121,513 million yen (-33.3%) 1H of FY2020: 182,082 million yen (285.9%) | |||||||||||||||
Net Income per Share of | Diluted Net Income per | ||||||||||||||
Common Stock | Share of Common Stock | ||||||||||||||
Yen | Yen | ||||||||||||||
1H of FY2021 | 33.10 | 33.09 | |||||||||||||
1H of FY2020 | 24.54 | 24.54 | |||||||||||||
(2) | Consolidated Financial Conditions | ||||||||||||||
Total Assets | Net Assets | Net Assets Attributable to | |||||||||||||
Stockholders to | |||||||||||||||
Total Assets Ratio | |||||||||||||||
Million yen | Million yen | % | |||||||||||||
September 30, 2021 | 75,309,781 | 2,572,918 | 3.4 | ||||||||||||
March 31, 2021 | 73,697,682 | 2,519,645 | 3.1 | ||||||||||||
(Reference) Net Assets Attributable to Stockholders: September 30, 2021: 2,555,852 million yen | March 31, 2021: 2,317,265 million yen |
Note: Net Assets Attributable to Stockholders to Total Assets Ratio is calculated at (Net assets at period-end minus Share award rights at period-end minus Stock acquisition rights at period-end minus Non-controlling interests at period-end) divided by Total assets at period-end. This ratio is not capital adequacy ratio defined in the "Notification on Consolidated Capital Adequacy."
2. Dividends on Common Stock
Dividends per Share
1st | 2nd | 3rd | Fiscal | Total | |
Quarter-end | Quarter-end | Quarter-end | Year-end | ||
Yen | Yen | Yen | Yen | Yen | |
FY2020 | - | 10.50 | - | 10.50 | 21.00 |
FY2021 | - | 10.50 | |||
FY2021(Forecast) | - | 10.50 | 21.00 | ||
Note: Revision of forecasts for dividends from the latest announcement: No |
3. Earnings Targets for Fiscal Year 2021 (April 1, 2021 - March 31, 2022)
(% represents the change from the previous fiscal year) | ||||
Net Income Attributable to | Net Income per Share of Common Stock | |||
Owners of Parent | ||||
Million yen | % | Yen | ||
FY2021 (Full year) | 145,000 | 16.5 | 59.66 |
Notes: 1. Revision of earnings targets from the latest announcement: No
2. The Group provides financial services, including credit card administration, etc. in addition to the banking and trust asset management and a variety of uncertainty caused by the economic environment, such as a negative interest rate introduced by the Bank of Japan, spread of COVID-19, exists in the financial operation. Therefore, the Company discloses "Earnings targets" instead of "Earnings forecasts."
Resona Holdings, Inc.
Financial Results for 1H of FY2021
※ Other
(1) Changes in significant subsidiaries during the period : | No | |
New | : Not applicable | |
Excluded | : Not applicable |
(2) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements
A) Changes due to revision of accounting standards | : | Yes |
B) Changes due to other reasons | : | No |
C) Changes in accounting estimates | : | No |
D) Restatements | : | No |
Note: For more details, please refer to "Consolidated Financial Statements (5) Changes in Accounting Policies" on page 6 of the attachment
- Number of Shares of Common Stock Outstanding
- Total outstanding shares including treasury stock at the end of the period
September 30, 2021 | : | 2,424,042,866 shares |
March 31, 2021 | : | 2,302,829,191 shares |
- Treasury stock at the end of the period
September 30, 2021 | : | 4,764,664 shares |
March 31, 2021 | : | 5,837,458 shares |
C) Average outstanding shares during the period | ||
1H of FY2021 | : | 2,441,911,879 shares |
1H of FY2020 | : | 2,297,365,790 shares |
Note: Treasury stock at the end of the period included the stocks owned by ESOP-type Stock Benefit Trust for the Employee
Shareholding Association. | 3,789,600 shares | ||
September 30, 2021 | : | ||
March 31, 2021 | : | 4,840,100 shares | |
Forecasted average number of shares of common stock (excluding treasury stock): | 2,430,626,046 shares |
Note: This Consolidated Financial Results is not subject to audit by Certified Public Accountants or Audit Firm.
Note: Disclaimer regarding Forward-looking Statements
This report contains forward-looking statements, which are based on the information currently available and certain assumptions the Company considers to be reasonable. Risks, uncertainties and other factors may cause actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements.
Resona Holdings does not revise the full year targets announced in May 2021, at this point in time.
Note: How to get supplemental information for the financial results
Supplemental information for the financial results is disclosed through TD net.
The presentation video and materials of the investor relations meeting for institutional investor or analyst will be posted on the web site on November 18, 2021.
Resona Holdings, Inc.
Financial Results for 1H of FY2021
《Contents of Attachment》
- Consolidated Financial Statements
- Consolidated Balance Sheets………………………………….………………………………………………………. 2
- Consolidated Statements of Income and Consolidated Statements of Comprehensive Income……………….. 3
- Consolidated Statements of Changes in Net Assets………………………………..………………………………. 4
- Note on Going-Concern Assumption………………………………………………………………………………..... 6
- Changes in Accounting Policies …………………………………………………………………………………....... 6
- Significant Subsequent Event …………………………………………………………………………………........... 6
[Reference Sheet]
Statements of Trust Assets and Liabilities……………………………………………………………………..………. 7
(Supplementary Explanatory Material) Reference Materials for the First Half of FY2021
1
Resona Holdings, Inc.
Financial Results for 1H of FY2021
Consolidated Financial Statements
(1) Consolidated Balance Sheets
(Millions of yen) | ||||
March 31, 2021 | September 30, 2021 | |||
Assets | ||||
Cash and due from banks | ¥ | 25,223,147 | ¥ | 25,463,604 |
Call loans and bills bought | 107,242 | 294,684 | ||
Monetary claims bought | 221,739 | 229,848 | ||
Trading assets | 231,695 | 206,039 | ||
Securities | 7,147,733 | 8,009,592 | ||
Loans and bills discounted | 38,978,959 | 39,306,663 | ||
Foreign exchange assets | 139,436 | 154,073 | ||
Lease receivables and investments in leases | 36,559 | 35,183 | ||
Other assets | 965,192 | 960,946 | ||
Tangible fixed assets | 361,178 | 359,333 | ||
Intangible fixed assets | 53,339 | 54,356 | ||
Net defined benefit asset | 43,949 | 46,686 | ||
Deferred tax assets | 29,728 | 26,286 | ||
Customers' liabilities for acceptances and guarantees | 347,904 | 355,598 | ||
Reserve for possible loan losses | (190,088) | (193,102) | ||
Reserve for possible losses on investments | (36) | (13) | ||
Total Assets | ¥ | 73,697,682 | ¥ | 75,309,781 |
Liabilities and Net Assets | ||||
Liabilities | ||||
Deposits | ¥ | 58,691,223 | ¥ | 58,550,980 |
Negotiable certificates of deposit | 739,170 | 1,315,230 | ||
Call money and bills sold | 630,895 | 1,399,246 | ||
Payables under repurchase agreements | 3,000 | 5,000 | ||
Payables under securities lending transactions | 1,064,481 | 1,205,839 | ||
Trading liabilities | 39,626 | 36,418 | ||
Borrowed money | 7,218,168 | 7,622,694 | ||
Foreign exchange liabilities | 8,025 | 8,574 | ||
Bonds | 326,000 | 261,000 | ||
Due to trust account | 1,304,346 | 1,135,937 | ||
Other liabilities | 663,699 | 689,954 | ||
Reserve for employees' bonuses | 18,650 | 15,524 | ||
Net defined benefit liability | 15,371 | 14,457 | ||
Other reserves | 34,643 | 33,436 | ||
Deferred tax liabilities | 54,613 | 68,762 | ||
Deferred tax liabilities for land revaluation | 18,216 | 18,206 | ||
Acceptances and guarantees | 347,904 | 355,598 | ||
Total Liabilities | 71,178,037 | 72,736,863 | ||
Net Assets | ||||
Capital stock | 50,552 | 50,552 | ||
Capital surplus | 15,769 | 159,404 | ||
Retained earnings | 1,796,476 | 1,849,599 | ||
Treasury stock | (2,478) | (1,866) | ||
Total stockholders' equity | 1,860,319 | 2,057,690 | ||
Net unrealized gains on available-for-sale securities | 442,901 | 484,409 | ||
Net deferred gains on hedges | 10,671 | 6,662 | ||
Revaluation reserve for land | 39,702 | 39,679 | ||
Foreign currency translation adjustments | (5,851) | (3,982) | ||
Remeasurements of defined benefit plans | (30,478) | (28,607) | ||
Total accumulated other comprehensive income | 456,946 | 498,161 | ||
Stock acquisition rights | 279 | 263 | ||
Non-controlling interests | 202,099 | 16,802 | ||
Total Net Assets | 2,519,645 | 2,572,918 | ||
Total Liabilities and Net Assets | ¥ | 73,697,682 | ¥ | 75,309,781 |
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Resona Holdings, Inc.
Financial Results for 1H of FY2021
- Consolidated Statements of Income and Consolidated Statements of Comprehensive Income [Consolidated Statements of Income]
(Millions of yen) | ||||
First Half of FY2020 | First Half of FY2021 | |||
From April 1, 2020 | From April 1, 2021 | |||
to September 30, 2020 | to September 30, 2021 | |||
Ordinary income | ¥ | 381,925 | ¥ | 413,193 |
Interest income | 214,895 | 220,337 | ||
Interest on loans and bills discounted | 178,964 | 177,189 | ||
Interest and dividends on securities | 23,573 | 27,472 | ||
Trust fees | 9,287 | 10,173 | ||
Fees and commissions | 113,302 | 127,382 | ||
Trading income | 3,173 | 1,512 | ||
Other operating income | 24,434 | 19,114 | ||
Other ordinary income | 16,833 | 34,674 | ||
Ordinary expenses | 297,437 | 295,595 | ||
Interest expenses | 10,406 | 6,272 | ||
Interest on deposits | 5,351 | 3,726 | ||
Fees and commissions | 29,075 | 31,997 | ||
Trading expenses | 31 | 37 | ||
Other operating expenses | 8,181 | 17,012 | ||
General and administrative expenses | 212,865 | 212,201 | ||
Other ordinary expenses | 36,876 | 28,074 | ||
Ordinary profits | 84,488 | 117,598 | ||
Extraordinary gains | 841 | 348 | ||
Gains on disposal of fixed assets | 841 | 348 | ||
Extraordinary losses | 1,093 | 1,552 | ||
Losses on disposal of fixed assets | 495 | 616 | ||
Impairment losses on fixed assets | 598 | 935 | ||
Income before income taxes | 84,236 | 116,394 | ||
Income taxes - current | 24,676 | 34,228 | ||
Income taxes - deferred | (83) | 1,622 | ||
Total income taxes | 24,593 | 35,851 | ||
Net income | 59,643 | 80,543 | ||
Net income attributable to non-controlling interests | 3,247 | (294) | ||
Net income attributable to owners of parent | ¥ | 56,395 | ¥ | 80,837 |
[Consolidated Statements of Comprehensive Income] | ||||
(Millions of yen) | ||||
First Half of FY2020 | First Half of FY2021 | |||
From April 1, 2020 | From April 1, 2021 | |||
to September 30, 2020 | to September 30, 2021 | |||
Net income | ¥ | 59,643 | ¥ | 80,543 |
Other comprehensive income | 122,439 | 40,970 | ||
Net unrealized gains (losses) on available-for-sale securities | 124,956 | 39,194 | ||
Net deferred gains (losses) on hedges | (3,192) | (4,002) | ||
Foreign currency translation adjustments | (3,586) | 2,318 | ||
Remeasurements of defined benefit plans | 4,225 | 3,432 | ||
Share of other comprehensive income of affiliates accounted for using | ||||
the equity method | 36 | 27 | ||
Total comprehensive income | ||||
¥ | 182,082 | ¥ | 121,513 | |
Total comprehensive income attributable to: | ||||
Owners of parent | ¥ | 175,466 | ¥ | 121,358 |
Non-controlling interests | ¥ | 6,616 | ¥ | 154 |
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Resona Holdings Inc. published this content on 09 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 09 November 2021 07:02:12 UTC.