HIROGIN HOLDINGS, INC. 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 Financial Results for the Three Months Ended June 30, 2022
[Japanese GAAP]
Company name: Hirogin Holdings, Inc. | August 03, 2022 | |||||||||
Stock exchange listing: Tokyo | ||||||||||
Code number: 7337 | ||||||||||
URL: https://www.hirogin-hd.co.jp/ | ||||||||||
Representative: Toshio Heya | ,Representative Director and President | |||||||||
Contact: Atsushi Nakamuro | ,Senior Manager Accounting Department | |||||||||
Phone: 082-245-5151 | ||||||||||
Scheduled date of filing quarterly securities report: August 04, 2022 | ||||||||||
Scheduled date of commencing dividend payments: - | ||||||||||
Trading Accounts: Yes | ||||||||||
Availability of supplementary briefing material on quarterly financial results: Yes | ||||||||||
Schedule of quarterly 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, 2022 (April 01, 2022 to June 30, 2022) | ||||||||||
(1) Consolidated Operating Results | (% indicates changes from the previous corresponding period.) | |||||||||
Ordinary revenues | Ordinary profit | Profit attributable to owners of | ||||||||
parent | ||||||||||
Three months ended | Million yen | % | Million yen | % | Million yen | % | ||||
June 30, 2022 | 38,046 | 6.1 | 12,947 | 23.3 | 8,957 | 26.0 | ||||
June 30, 2021 | 35,867 | - | 10,499 | - | 7,110 | - |
(Note) Comprehensive income: | Three months ended June 30, 2022: |
Three months ended June 30, 2021: |
¥ | (10,045) million | [ | -%] |
¥ | 5,953 million | [ | -%] |
Basic earnings | Diluted earnings per | ||
per share | share | ||
Three months ended | Yen | Yen | |
June 30, 2022 | 28.83 | 28.81 | |
June 30, 2021 | 22.89 | 22.88 |
(Note) As the Company was incorporated on October 01, 2020, year-on-year changes for the three months ended June 30, 2021 are not presented.
(2) Consolidated Financial Position
Total assets | Net assets | Capital adequacy ratio | ||||||||
As of | Million yen | Million yen | % | |||||||
June 30, 2022 | 11,422,061 | 482,492 | 4.2 | |||||||
March 31, 2022 | 11,603,909 | 496,200 | 4.3 | |||||||
(Reference) Equity: As of | June 30, 2022: | ¥ | 482,241 million | |||||||
As of | March 31, 2022: | ¥ | 495,935 million | |||||||
(Note) Capital adequacy ratio = (Net assets − Share acquisition rights − Non-controlling interests) / Total assets | ||||||||||
This ratio is not the capital adequacy ratio specified by the Notice on Capital Adequacy Ratio Regulations. | ||||||||||
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, 2022 | - | 12.00 | - | 12.00 | 24.00 | |||||
Fiscal year ending March 31, 2023 | - | |||||||||
Fiscal year ending March 31, 2023 (Forecast) | 13.50 | - | 13.50 | 27.00 | ||||||
(Note) Revision to the forecast for dividends announced most recently: | No |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)
(% indicates changes from the previous corresponding period.)
Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Six months ended | Million yen | % | Million yen | % | Yen | ||
18,500 | 10.7 | 12,500 | 12.3 | 40.24 | |||
September 30, 2022 | |||||||
Full year | 37,000 | 36.7 | 25,000 | 9.1 | 80.49 | ||
(Note) Revision to the financial results forecast announced most recently: | No |
* Notes:
- Changes in significant subsidiaries during the three months ended June 30, 2022 (changes in specified subsidiaries resulting in changes in scope of consolidation): No
(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements: | No |
- Changes in accounting policies, changes in accounting estimates and retrospective restatement
- Changes in accounting policies due to the revision of accounting standards: Yes
- 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, 2022: | 312,370,921 | shares |
March 31, 2022: | 312,370,921 | shares |
2) Total number of treasury shares at the end of the period: | ||
June 30, 2022: | 1,620,082 | shares |
March 31, 2022: | 1,789,525 | shares |
3) Average number of shares during the period: | ||
Three months ended June 30, 2022: | 310,662,152 | shares |
Three months ended June 30, 2021: | 310,510,441 | shares |
- These quarterly consolidated financial results are exempt from quarterly review by certified public accountants or an audit corporation.
- 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
(Million yen) | |||
As of March 31,2022 | As of June 30,2022 | ||
Assets | |||
Cash and due from banks | 2,577,627 | 2,168,804 | |
Call loans and bills bought | 5,899 | 30,725 | |
Monetary claims bought | 8,000 | 8,027 | |
Trading account assets | 7,577 | 10,229 | |
Money held in trust | 42,415 | 45,044 | |
Securities | 1,668,228 | 1,763,762 | |
Loans and bills discounted | 6,901,858 | 6,981,236 | |
Foreign exchanges | 11,468 | 13,116 | |
Lease receivables and investments in leases | 63,275 | 62,525 | |
Other assets | 137,159 | 149,719 | |
Tangible fixed assets | 107,359 | 107,773 | |
Intangible fixed assets | 9,025 | 9,305 | |
Retirement benefit asset | 58,164 | 59,236 | |
Deferred tax assets | 6,060 | 13,300 | |
Customers' liabilities for acceptances and guarantees | 38,859 | 38,002 | |
Allowance for loan losses | (39,070) | (38,747) | |
Total assets | 11,603,909 | 11,422,061 | |
Liabilities | |||
Deposits | 8,729,837 | 8,669,660 | |
Negotiable certificates of deposit | 338,041 | 478,974 | |
Securities sold under repurchase agreements | 229,457 | 323,693 | |
Cash collateral received for securities lent | 448,183 | 491,499 | |
Trading account liabilities | 4,848 | 7,553 | |
Borrowed money | 1,201,839 | 815,927 | |
Foreign exchanges | 2,714 | 514 | |
Borrowed money from trust account | 51 | 48 | |
Other liabilities | 97,409 | 97,794 | |
Retirement benefit liability | 697 | 703 | |
Provision for retirement benefits for directors (and | 130 | 111 | |
other officers) | |||
Provision for reimbursement of deposits | 1,110 | 915 | |
Provision for point card certificates | 150 | 146 | |
Provision for stockshares | 799 | 754 | |
Allowance for demolition of non-current assets | 307 | - | |
Reserves under special laws | 28 | 28 | |
Deferred tax liabilities for land revaluation | 13,241 | 13,241 | |
Acceptances and guarantees | 38,859 | 38,002 | |
Total liabilities | 11,107,708 | 10,939,569 |
(Million yen) | ||
As of March 31,2022 | As of June 30,2022 | |
Net assets | ||
Share capital | 60,000 | 60,000 |
Capital surplus | 25,209 | 25,209 |
Retained earnings | 377,217 | 382,399 |
Treasury shares | (1,237) | (1,120) |
Total shareholders' equity | 461,189 | 466,488 |
Valuation difference on available-for-sale securities | 1,367 | (20,500) |
Deferred gains or losses on hedges | 908 | 3,953 |
Revaluation reserve for land | 26,993 | 27,020 |
Remeasurements of defined benefit plans | 5,476 | 5,280 |
Total accumulated other comprehensive income | 34,745 | 15,752 |
Share acquisition rights | 126 | 126 |
Non-controlling interests | 138 | 123 |
Total net assets | 496,200 | 482,492 |
Total liabilities and net assets | 11,603,909 | 11,422,061 |
Quarterly Consolidated Statements of Income and Comprehensive Income | |||
Quarterly Consolidated Statements of Income (For the three months) | |||
(Million yen) | |||
For the three months | For the three months | ||
ended June 30,2021 | ended June 30,2022 | ||
Ordinary income | 35,867 | 38,046 | |
Interest income | 17,728 | 19,997 | |
Interest on loans and discounts | 14,227 | 14,799 | |
Interest and dividends on securities | 2,910 | 4,167 | |
Trust fees | 42 | 30 | |
Fees and commissions | 8,041 | 7,664 | |
Gain on trading account transactions | 1,188 | 1,037 | |
Other ordinary income | 6,224 | 8,308 | |
Other income | 2,642 | 1,007 | |
Ordinary expenses | 25,368 | 25,099 | |
Interest expenses | 887 | 1,939 | |
Interest on deposits | 235 | 258 | |
Fees and commissions payments | 2,557 | 2,318 | |
Other ordinary expenses | 5,495 | 5,619 | |
General and administrative expenses | 15,005 | 15,099 | |
Other expenses | 1,422 | 123 | |
Ordinary profit | 10,499 | 12,947 | |
Extraordinary income | 0 | 13 | |
Gain on reversal of provision for dismantling of fixed | - | 12 | |
assets | |||
Gain on disposal of non-current assets | - | 0 | |
Reversal of reserve for financial instruments | 0 | 0 | |
transaction liabilities | |||
Extraordinary losses | 376 | 74 | |
Loss on disposal of non-current assets | 26 | 19 | |
Impairment losses | 350 | 55 | |
Profit before income taxes | 10,123 | 12,886 | |
Income taxes - current | 1,882 | 2,609 | |
Income taxes - deferred | 1,129 | 1,301 | |
Total income taxes | 3,011 | 3,911 | |
Profit | 7,112 | 8,975 | |
Profit attributable to non-controlling interests | 1 | 17 | |
Profit attributable to owners of parent | 7,110 | 8,957 |
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Hirogin Holdings Inc. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 06:11:02 UTC.
