Japan Post Holdings Co., Ltd.
Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2023
May 15, 2023 | |||
Company name: | Japan Post Holdings Co., Ltd. | Stock exchange listing: | Tokyo Stock Exchange |
Code number: | 6178 | URL: | https://www.japanpost.jp/en/ |
Representative: | MASUDA Hiroya, Director and Representative Executive Officer, President & CEO | ||
Contact: | ISHIKAWA Takanori, Head of IR Office, Corporate Planning Dept. | ||
Phone: | +81-3-3477-0206 |
Scheduled date of Annual General Meeting of Shareholders: | June 21, 2023 |
Scheduled date of filing securities report: | June 22, 2023 |
Scheduled date of commencing dividend payments: | June 22, 2023 |
Trading accounts: | Unestablished | ||||||||||||||
Availability of supplementary briefing material on financial results: | Available | ||||||||||||||
Schedule of financial results briefing session: | Scheduled (for institutional investors and analysts) | ||||||||||||||
(Amounts of less than one million yen are rounded down.) | |||||||||||||||
1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2023 | |||||||||||||||
(April 1, 2022 to March 31, 2023) | |||||||||||||||
(1) Consolidated Results of Operations | (% indicates changes from the previous corresponding period.) | ||||||||||||||
Ordinary income | Net ordinary income | Net income attributable to | |||||||||||||
Japan Post Holdings | |||||||||||||||
Million yen | % | Million yen | % | Million yen | % | ||||||||||
Fiscal year ended | 11,138,580 | (1.1) | 657,499 | (33.7) | 431,066 | (14.1) | |||||||||
March 31, 2023 | |||||||||||||||
Fiscal year ended | 11,264,774 | (3.9) | 991,464 | 8.5 | 501,685 | 20.0 | |||||||||
March 31, 2022 | |||||||||||||||
(Note) Comprehensive income: Fiscal year ended March 31, 2023: ¥(305,224) million [- %] | |||||||||||||||
Fiscal year ended March 31, 2022: ¥(805,187) million [- %] | |||||||||||||||
Net income per | Diluted net | Net ordinary | Net ordinary | ||||||||||||
Return on equity | income to total | income to | |||||||||||||
share | income per share | ||||||||||||||
assets | ordinary income | ||||||||||||||
Yen | Yen | % | % | % | |||||||||||
Fiscal year ended | 120.82 | - | 3.9 | 0.2 | 5.9 | ||||||||||
March 31, 2023 | |||||||||||||||
Fiscal year ended | 131.93 | - | 3.8 | 0.3 | 8.8 | ||||||||||
March 31, 2022 | |||||||||||||||
(Reference) Equity in earnings (losses) of affiliates:Fiscal year ended March 31, 2023: ¥1,387 million Fiscal year ended March 31, 2022: ¥1,527 million
(Note) Because there was no potential common stock, the amount for diluted net income per share is omitted.
Japan Post Holdings Co., Ltd.
(2) Consolidated Financial Position
Total assets | Net assets | Equity ratio (Note) | Net assets per share | |||||||||||||||||
Million yen | Million yen | % | Yen | |||||||||||||||||
As of March 31, 2023 | 296,111,587 | 15,098,256 | 3.4 | 2,912.76 | ||||||||||||||||
As of March 31, 2022 | 303,846,980 | 14,688,981 | 4.1 | 3,361.06 | ||||||||||||||||
(Reference) Equity: As of March 31, 2023: ¥10,077,594 million | ||||||||||||||||||||
As of March 31, 2022: ¥12,309,391 million | ||||||||||||||||||||
(Note) Equity ratio = [(Net assets - Non-controlling interests) / Total assets] x 100 | ||||||||||||||||||||
(3) Consolidated Cash Flows | ||||||||||||||||||||
Net cash provided by | Net cash provided by | Net cash provided by | Cash and cash | |||||||||||||||||
(used in) operating | (used in) investing | (used in) financing | equivalents at the end | |||||||||||||||||
activities | activities | activities | of the fiscal year | |||||||||||||||||
Million yen | Million yen | Million yen | Million yen | |||||||||||||||||
Fiscal year ended | (8,151,226) | 9,352,146 | 549,640 | 70,181,478 | ||||||||||||||||
March 31, 2023 | ||||||||||||||||||||
Fiscal year ended | 4,984,168 | 1,413,220 | (621,040) | 68,419,223 | ||||||||||||||||
March 31, 2022 | ||||||||||||||||||||
2. Dividends | ||||||||||||||||||||
Annual dividend | Total | Dividend | Dividends on | |||||||||||||||||
dividends paid | payout ratio | net assets ratio | ||||||||||||||||||
1st | 2nd | 3rd | Year-end | Total | ||||||||||||||||
quarter-end | quarter-end | quarter-end | (Annual) | (Consolidated) | (Consolidated) | |||||||||||||||
Yen | Yen | Yen | Yen | Yen | Million yen | % | % | |||||||||||||
Fiscal year ended | - | 0.00 | - | 50.00 | 50.00 | 183,136 | 37.9 | 1.5 | ||||||||||||
March 31, 2022 | ||||||||||||||||||||
Fiscal year ended | - | 0.00 | - | 50.00 | 50.00 | 173,047 | 41.4 | 1.6 | ||||||||||||
March 31, 2023 | ||||||||||||||||||||
Fiscal year ending | ||||||||||||||||||||
March 31, 2024 | - | 25.00 | - | 25.00 | 50.00 | 72.1 | ||||||||||||||
(Forecast) |
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 1, 2023 to March 31, 2024)
(% indicates changes from the previous corresponding period.)
Ordinary income | Net ordinary income | Net income attributable | Net income per share | ||||
to Japan Post Holdings | |||||||
Fiscal year ending | Million yen | % | Million yen | % | Million yen | % | Yen |
10,860,000 | (2.5) | 620,000 | (5.7) | 240,000 | (44.3) | 69.37 | |
March 31, 2024 | |||||||
(Note) Net income attributable to Japan Post Holdings has been calculated based on the ratio of shareholders' equity held by Japan Post Holdings in Japan Post Bank (approximately 60%) and Japan Post Insurance (approximately 49%), etc.
Net income per share in the consolidated financial results forecast has been calculated without considering the impact of the share repurchase based on the separate "Notice Concerning the Determination of Matters Related to the Acquisition of Treasury Stock" released today.
Japan Post Holdings Co., Ltd.
* Notes:
- Changes in significant subsidiaries during the fiscal year under review (changes in specified subsidiaries resulting in changes in scope of consolidation): 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
(Note) Please refer to 3. Consolidated Financial Statements and Primary Notes (5) Notes to Consolidated Financial Statements (Changes in Accounting Policies) on page 15 of the Attachment for details.
- Total number of shares issued (common stock)
-
Total number of shares issued at the end of the fiscal year (including treasury stock): As of March 31, 2023: 3,657,797,700 shares
As of March 31, 2022: 3,767,870,229 shares - Total number of treasury stock at the end of the fiscal year:
-
Total number of shares issued at the end of the fiscal year (including treasury stock): As of March 31, 2023: 3,657,797,700 shares
As of March 31, 2023: 197,988,773 shares
As of March 31, 2022: 105,519,251 shares
3) Average number of shares during the fiscal year:
Fiscal year ended March 31, 2023: 3,567,713,664 shares
Fiscal year ended March 31, 2022: 3,802,720,644 shares
(Note) The total number of treasury stock at the end of the fiscal year includes the shares of the Company held by the management board benefit trust of 1,140,500 shares and 375,400 shares as of March 31, 2023 and 2022, respectively. The number of treasury stock excluded from calculation of the average number of shares during the fiscal year includes the shares of the Company held by the management board benefit trust of 1,022,544 shares and 413,423 shares for the fiscal year ended March 31, 2023 and 2022, respectively.
Japan Post Holdings Co., Ltd.
(Summary of non-consolidated financial results)
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2023 (April 1, 2022 to March 31, 2023)
(1) Non-consolidated Results of Operations | (% indicates changes from the previous corresponding period.) | ||||||||||
Operating income | Net operating income | Net ordinary income | Net income | ||||||||
Million yen | % | Million yen | % | Million yen | % | Million yen | % | ||||
Fiscal year ended | 257,559 | (9.5) | 180,637 | (11.3) | 198,881 | (8.7) | 293,787 | (9.7) | |||
March 31, 2023 | |||||||||||
Fiscal year ended | 284,688 | 69.5 | 203,545 | 94.1 | 217,753 | 89.7 | 325,460 | - | |||
March 31, 2022 | |||||||||||
Net income per share | Diluted net income | ||||||||||
per share | |||||||||||
Yen | Yen | ||||||||||
Fiscal year ended | 82.35 | - | |||||||||
March 31, 2023 | |||||||||||
Fiscal year ended | 85.59 | - | |||||||||
March 31, 2022 | |||||||||||
(Note) Because there was no potential common stock, the amount for diluted net income per share is omitted.
(2) Non-consolidated Financial Position
Total assets | Net assets | Equity ratio (Note) | Net assets per share | |
Million yen | Million yen | % | Yen | |
As of March 31, 2023 | 5,762,311 | 5,625,034 | 97.6 | 1,625.82 |
As of March 31, 2022 | 5,848,650 | 5,740,721 | 98.2 | 1,567.50 |
(Reference) Equity: As of March 31, 2023: ¥5,625,034 million As of March 31, 2022: ¥5,740,721 million
(Note) Equity ratio = (Net assets / Total assets) x 100
- This summary of consolidated financial results is outside the scope of audit procedures by Certified Public Accountants or Audit Firm.
- Explanation on appropriate use of financial results forecast and other specific matters
Forecasts and other forward-looking statements presented in this document are based on information that the Company is aware of at present and certain assumptions that the Company has deemed reasonable, and the Company provides no assurance that the forecasts will be achieved or with respect to any other forward-looking statements. The actual future results may vary considerably depending upon various factors, such as the impact of the spread of COVID-19, the impact of the invasion of Ukraine by Russia, interest rate fluctuations, stock price fluctuations, foreign exchange fluctuations, asset value fluctuations, changes in the economic and financial environment, changes in the competitive environment, the occurrence of large-scale disasters, etc. and changes in laws and regulations. The Company disclaims any responsibility to update any forward-looking statements contained herein to the extent permitted by law or stock exchange rule. Please refer to 1. Overview of Results of Operations, etc. (1) Explanation of Results of Operations (Consolidated financial results forecast for the fiscal year ending March 31, 2024) on page 5 of the Attachment for the assumptions on which the financial results forecasts have been based, and precautions, etc. regarding their use.
Japan Post Holdings Co., Ltd.
[Attachment] | ||
Table of Contents | ||
1. Overview of Results of Operations, etc | 2 | |
(1) | Explanation of Results of Operations | 2 |
(2) | Explanation of Financial Position | 5 |
(3) | Basic Policy on Profit Distribution and Dividends for the Current Fiscal Year and Next Fiscal Year | 6 |
2. Basic Approach Concerning Selection of Accounting Standards | 6 | |
3. Consolidated Financial Statements and Primary Notes | 7 | |
(1) | Consolidated Balance Sheets | 7 |
(2) | Consolidated Statements of Income and Consolidated Statements of Comprehensive Income | 9 |
Consolidated Statements of Income | 9 | |
Consolidated Statements of Comprehensive Income | 10 | |
(3) | Consolidated Statements of Changes in Net Assets | 11 |
(4) | Consolidated Statements of Cash Flows | 13 |
(5) | Notes to Consolidated Financial Statements | 15 |
(Notes on Going-Concern Assumption) | 15 | |
(Changes in Accounting Policies) | 15 | |
(Segment Information) | 16 | |
(Per Share Data) | 17 | |
(Subsequent Events) | 18 | |
4. Non-consolidated Financial Statements | 19 | |
(1) | Non-consolidated Balance Sheets | 19 |
(2) | Non-consolidated Statements of Income | 21 |
(3) | Non-consolidated Statements of Changes in Net Assets | 22 |
Supplementary Briefing Material:
Materials for Consolidated Financial Results for the Fiscal Year Ended March 31, 2023
1
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Japan Post Holdings Co. Ltd. published this content on 15 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 May 2023 07:17:05 UTC.