January 31, 2022

Resona Holdings, Inc.

Consolidated Financial Results for the Third Quarter of Fiscal Year 2021

(Nine months ended December 31, 2021/ Unaudited)

Code number: 8308Stock 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: February 7, 2022

Dividends payment date: -

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 Third Quarter of Fiscal Year 2021 (April 1, 2021- December 31, 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

%

1-3Q of FY2021

4.1

23.0

30.2

620,422

180,723

126,549

1-3Q of FY2020

595,867

(4.7)

146,872

(4.5)

97,160

(8.6)

Note: Comprehensive Income: 1-3Q of FY2021: 117,571 million yen, (52.2)%

1-3Q of FY2020: 246,217 million yen, 74.4%

Net Income per Share of

Diluted Net Income per

Common Stock

Share of Common Stock

Yen

Yen

1-3Q of FY2021

52.04

52.03

1-3Q of FY2020

42.30

42.29

  1. Consolidated Financial Conditions

Total Assets

Net Assets

Net Assets Attributable to

Stockholders to

Total Assets Ratio

Million yen

Million yen

%

December 31, 2021

76,257,801

2,532,252

3.3

March 31, 2021

73,697,682

2,519,645

3.1

(Reference) Net Assets Attributable to Stockholders: December 31, 2021: 2,515,555 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

59.84

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 3Q of FY2021

※ Other

(1) Changes in significant subsidiaries during the period :

No

New

: Not applicable

Excluded

: Not applicable

  1. Adoption of any particular accounting methods for quarterly consolidated financial statements: No
  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 4 of the attachment

  1. Number of Shares of Common Stock Outstanding
    1. Total outstanding shares including treasury stock at the end of the period

December 31, 2021

:

2,424,042,866 shares

March 31, 2021

:

2,302,829,191 shares

  1. Treasury stock at the end of the period

December 31, 2021

:

27,786,962 shares

March 31, 2021

:

5,837,458 shares

  1. Average outstanding shares during the period

1-3Q of FY2021

:

2,431,656,262 shares

1-3Q of FY2020

:

2,296,847,504 shares

Note: Treasury stock at the end of Dec. 2021 included the stocks owned by Stock Benefit Trust for Officers.

Treasury stock at the end of Mar. 2021 included the stocks owned by ESOP-type Stock Benefit Trust for the Employee

Shareholding Association and Stock Benefit Trust for Officers.

December 31, 2021

:

3,789,600 shares

March 31, 2021

:

4,840,100 shares

Forecasted average number of shares of common stock (excluding treasury stock):

2,422,927,407 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 November 2021, at this point in time.

Resona Holdings, Inc.

Financial Results for 3Q of FY2021

《Contents of Attachment》

  • Consolidated Financial Statements
    1. Consolidated Balance Sheets………………………………….………………………………………………………. 2
    2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income……………….. 3
    3. Note on Going-Concern Assumption………………………………………………………………………………...... 4
    4. Note for Significant Changes in the Amount of Stockholders' Equity…………………………….....……....…….. 4
    5. Changes in Accounting Policies …………………………………………………………………………………....... 4
    6. Significant Subsequent Event …………………………………………………………………………………........... 5

[Reference Sheet]

Statements of Trust Assets and Liabilities……………………………………………………………………..………. 7

(Supplementary Explanatory Material)

Reference Materials for the Third Quarter of FY2021

-1-

Resona Holdings, Inc.

Financial Results for 3Q of FY2021

Consolidated Financial Statements

(1) Consolidated Balance Sheets

(Millions of yen)

March 31, 2021

December 31, 2021

Assets

Cash and due from banks

¥

25,223,147

¥

26,610,964

Call loans and bills bought

107,242

114,130

Monetary claims bought

221,739

248,926

Trading assets

231,695

190,121

Securities

7,147,733

7,940,507

Loans and bills discounted

38,978,959

39,346,078

Foreign exchange assets

139,436

211,628

Lease receivables and investments in leases

36,559

34,291

Other assets

965,192

910,969

Tangible fixed assets

361,178

358,176

Intangible fixed assets

53,339

56,017

Net defined benefit asset

43,949

35,190

Deferred tax assets

29,728

26,117

Customers' liabilities for acceptances and guarantees

347,904

369,645

Reserve for possible loan losses

(190,088)

(194,952)

Reserve for possible losses on investments

(36)

(13)

Total Assets

¥

73,697,682

¥

76,257,801

Liabilities and Net Assets

Liabilities

Deposits

¥

58,691,223

¥

59,037,977

Negotiable certificates of deposit

739,170

1,004,530

Call money and bills sold

630,895

1,574,232

Payables under repurchase agreements

3,000

5,000

Payables under securities lending transactions

1,064,481

1,492,088

Trading liabilities

39,626

28,925

Borrowed money

7,218,168

8,060,839

Foreign exchange liabilities

8,025

13,013

Bonds

326,000

261,000

Due to trust account

1,304,346

962,228

Other liabilities

663,699

791,161

Reserve for employees' bonuses

18,650

10,171

Net defined benefit liability

15,371

14,148

Other reserves

34,643

33,153

Deferred tax liabilities

54,613

49,228

Deferred tax liabilities for land revaluation

18,216

18,206

Acceptances and guarantees

347,904

369,645

Total Liabilities

71,178,037

73,725,549

Net Assets

50,552

50,552

Capital stock

Capital surplus

15,769

159,293

Retained earnings

1,796,476

1,869,869

Treasury stock

(2,478)

(11,848)

Total stockholders' equity

1,860,319

2,067,867

Net unrealized gains on available-for-sale securities

442,901

434,017

Net deferred gains on hedges

10,671

5,469

Revaluation reserve for land

39,702

39,679

Foreign currency translation adjustments

(5,851)

(4,346)

Remeasurements of defined benefit plans

(30,478)

(27,132)

Total accumulated other comprehensive income

456,946

447,688

Stock acquisition rights

279

240

Non-controlling interests

202,099

16,455

Total Net Assets

2,519,645

2,532,252

Total Liabilities and Net Assets

¥

73,697,682

¥

76,257,801

-2-

Resona Holdings, Inc.

Financial Results for 3Q of FY2021

  1. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income [Consolidated Statements of Income]

(Millions of yen)

Third Quarter of FY2020

Third Quarter of FY2021

From April 1, 2020

From April 1, 2021

to December 31, 2020

to December 31 2021

Ordinary income

¥

595,867

¥

620,422

Interest income

321,951

327,252

Interest on loans and bills discounted

268,753

265,799

Interest and dividends on securities

33,476

36,891

Trust fees

14,092

15,380

Fees and commissions

170,643

185,128

Trading income

4,000

1,842

Other operating income

35,731

29,888

Other ordinary income

49,447

60,929

Ordinary expenses

448,994

439,699

Interest expenses

14,250

9,512

Interest on deposits

7,539

5,743

Fees and commissions

48,269

50,627

Trading expenses

63

－

Other operating expenses

11,930

23,186

General and administrative expenses

318,856

317,356

Other ordinary expenses

55,625

39,016

Ordinary profits

146,872

180,723

Extraordinary gains

1,726

1,032

Gains on disposal of fixed assets

1,726

1,032

Extraordinary losses

3,811

2,483

Losses on disposal of fixed assets

1,316

1,012

Impairment losses on fixed assets

2,495

1,471

Income before income taxes

144,787

179,271

Income taxes - current

41,814

50,650

Income taxes - deferred

565

1,744

Total income taxes

42,380

52,395

Net income

102,407

126,875

Net income attributable to non-controlling interests

5,246

326

Net income attributable to owners of parent

¥

97,160

¥

126,549

[Consolidated Statements of Comprehensive Income]

(Millions of yen)

Third Quarter of FY2020

Third Quarter of FY2021

From April 1, 2020

From April 1, 2021

to December 31, 2020

to December 31 2021

Net income

¥

102,407

¥

126,875

Other comprehensive income

143,810

(9,304)

Net unrealized gains (losses) on available-for-sale securities

148,078

(11,213)

Net deferred gains (losses) on hedges

(4,727)

(5,195)

Foreign currency translation adjustments

(5,936)

2,170

Remeasurements of defined benefit plans

6,350

4,904

Share of other comprehensive income of affiliates accounted for using

the equity method

43

29

Total comprehensive income

¥

246,217

¥

117,571

Total comprehensive income attributable to:

Owners of parent

¥

236,968

¥

116,597

Non-controlling interests

¥

9,248

¥

974

-3-

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Resona Holdings Inc. published this content on 31 January 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 31 January 2022 07:27:57 UTC.