Mebuki Financial Group,Inc.

7167

JP3117700009

Banks

Market Closed - Japan Exchange Other stock markets 02:00:00 2024-05-10 am EDT			5-day change	1st Jan Change
565.4 ^JPY	+3.01%		+2.73%	+31.83%

May. 10	Mebuki Financial Group,Inc. announces an Equity Buyback for 20,000,000 shares, representing 1.97% for ¥10,000 million.	CI
May. 10	Mebuki Financial Group,Inc. authorizes a Buyback Plan.	CI

Mebuki Financial : Financial Results for the 1st Quarter of FY2023

August 04, 2023 at 02:14 am EDT

August, 4 2023

Mebuki Financial Group, Inc.

Financial Results for the First Quarter of Fiscal Year 2023, ending March 31, 2024

Stock Exchange Listing:	Tokyo (code: 7167)
URL:	https://www.mebuki-fg.co.jp/
Representative:	Tetsuya Akino, President
For Inquiry:	Shinich Onose, General Manager of Corporate Planning Dept.
Filing date of Financial Statements:	August 9, 2023 (scheduled)
	(Japanese yen amounts of less than 1 million or the first decimal place have been rounded down.)

1. Financial Highlights (from April 1, 2023 to June 30, 2023)

(1)Consolidated Operating Results

(%: Changes from the corresponding period of the previous fiscal year)

Ordinary Income

Ordinary Profit

Net Income attributable to

owners of the parent

First quarter

¥Million

％

¥Million

％

¥Million

％

Ended June 30, 2023

79,190

(2.6)

22,085

1.5

15,602

1.6

Ended June 30, 2022

81,355

16.0

21,747

(18.5)

15,356

(18.3)

(Note) Comprehensive Income

First quarter of FY2023: ¥43,249 million [-%]

First quarter of FY2022: ¥(37,830) million [-%]

Net Income per

Share (Diluted)

First quarter

Ended June 30, 2023

14.65

Ended June 30, 2022

14.22

14.21

(2)Consolidated Financial Conditions

Total Assets

Net Assets

Capital Assets to

Total Assets

First quarter

¥Million

％

Ended June 30, 2023

21,002,955

942,174

4.4

Fiscal year 2022

21,387,481

904,779

4.2

(Reference) Capital assets

First

quarter of FY2023: ¥942,099

million

FY2022: ¥904,685

million

(Note) "Capital assets to total assets" represents ("Net assets"-"Equitywarrants"-"Non-controlling interest") / "Total assets" at the end of each period.

The ratio above is not the one based on the regulation of Capital Adequacy Ratio.

2. Cash Dividends for Shareholders

				Cash Dividends per Share
		End of 1Q	End of 2Q		End of 3Q		End of FY	Annual

	Fiscal year	¥	¥				¥				¥	¥
	Ended March 31, 2023		―	5.50		―				5.50	11.00
	Ending March 31, 2024		―
	Ending March 31, 2024 (Forecast)			5.50		―				5.50	11.00
	(Note) 1.Revisions of released cash dividend forecasts : No
3. Consolidated Earnings Forecasts for Fiscal Year 2023, ending March 31, 2024
			(%: Changes from the corresponding period of the previous fiscal year)
				Ordinary Profit	Net Income Attributable to	Net Income per Share
				Owners of the Parent


			¥Million			％	¥Million			％	¥
	Six months ending Sep. 30, 2023		28,500		(26.2)	20,000		(25.7)	19.04
	Fiscal Year ending March 31, 2024		57,500		23.3	40,000		24.3	38.46

(Note) Revisions of released consolidated earnings forecasts : No

*Notes

Material changes in consolidated subsidiaries during the period (changes in specific subsidiaries accompanied by changes in scope of consolidation): No
Adoption of special accounting methods for preparation of quarterly consolidated financial statements : No
Changes in accounting principles, accounting estimates and restatement

- Changes in accounting principles in accordance with changes in accounting standard, etc.: No
  ② Other changes in accounting principles: No
  ③ Changes in accounting estimates: No
  ④ Restatement: No
Number of issued shares (common stock)
- Number of issued shares (including treasury stock):

June 30, 2023	1,089,055,218 shares	March 31, 2023	1,089,055,218 shares
② Number of treasury stock:
June 30, 2023	24,549,179 shares	March 31, 2023	24,621,524 shares
③ Average number of shares:
For the three months ended June 30, 2023		1,064,458,587 shares
For the three months ended June 30, 2022		1,079,831,396 shares

Statement relating to the status of the quarterly review procedures

This quarterly report is not subject to the quarterly review procedures based on the Financial Instruments and Exchange Law.

Explanation for proper use of forecasts and other notes

The above forecasts are based on the information which is presently available and the certain assumptions which are considered to be reasonable. Actual results may differ from those forecasts depending on various future factors.

Financial Results for the First Quarter of Fiscal Year 2023, Ending March 31, 2024

-------------------------------------- Contents ---------------------------------------

Quarterly Consolidated Financial Information

1.	Quarterly Consolidated Balance Sheet	1
2.	Quarterly Consolidated Statement of Income and Consolidated Statement of Comprehensive Income	3
3.	Note for the Assumption of Going Concern	4
4.	Note for Material Changes in Shareholders' Equity	4
5.	Changes in Accounting Policies and Estimates and Modified Restatement	4
6.	Subsequent Events	4

Financial Data for the First Quarter of Fiscal Year 2023 ending March 31, 2024

1.	Income Status	5
2.	Interest Rate Spread (Domestic operations)	9
3.	Gains and Losses on Securities	10
4.	Unrealized Valuation Gains (Losses)	11
5.	Status of Disclosed Claims under the Financial Revitalization Law and Risk-monitored Loans	12
6.	Loans and Deposits	13
7.	Consumer loans / Loans to SMEs	13

Ⅰ Quarterly Consolidated Financial Information

1. Quarterly Consolidated Balance Sheet

											(Millions of yen）
Item				(Japanese)				As of Mar. 31,	As of Jun. 30,
						2023	2023

Assets				(資産の部)
Cash and due from banks	現		金		預		け		金	4,818,749	4,445,673
Call loans and bills bought	コールローン及び買入手形	24,115	60,809
Monetary claims bought	買	入	金		銭	債	権	10,341	9,371
Trading assets	特	定	取		引	資	産	3,962	3,570
Money held in trust	金		銭		の		信		託	3,010	2,813
Securities	有			価		証			券	3,662,309	3,630,220
Loans and bills discounted	貸				出				金	12,436,196	12,411,620
Foreign exchanges	外			国		為			替	17,216	9,107
Lease receivable and investments in lease	リース債権及びリース投資資産	60,454	59,462
Other assets	そ		の		他		資		産	247,636	275,520
Tangible fixed assets	有	形	固		定	資	産	101,567	101,217
Intangible fixed assets	無	形	固		定	資	産	13,523	13,785
Asset for retirement benefits	退	職	給	付	に	係	る	資	産	40,791	42,037
Deferred tax assets	繰	延	税		金	資	産	20,027	8,334
Customers' liabilities for acceptances and guarantees	支	払	承		諾	見	返	19,448	19,471
Allowance for loan losses	貸		倒		引		当		金	(91,859)	(90,051)
Reserve for devaluation of investment securities	投	資		損	失	引		当	金	(8)	(8)
Total Assets	資	産	の		部	合	計	21,387,481	21,002,955
Liabilities				(負債の部)

Deposits	預								金	17,137,285	17,238,155
Negotiable certificates of deposit	譲		渡		性		預		金	371,289	431,259
Call money and bills sold	コールマネー及び売渡手形	555,552	42,286
Payables under repurchase agreements	売		現		先		勘		定	112,902	155,550
Payables under securities lending transactions	債	券貸借取引	受入担保金	111,887	113,432
Trading liabilities	特	定	取		引	負	債	1,122	780
Borrowed money	借				用				金	2,000,858	1,870,525
Foreign Exchanges	外			国		為			替	8,350	1,476
Due to trust account	信		託		勘		定		借	2,983	3,059
Other liabilities	そ		の		他		負		債	147,695	170,726
Provision for bonuses for directors	役	員		賞	与	引		当	金	183	－
Provision for retirement benefits for directors	役	員	退	職	慰	労	引	当	金	29	21
Provision for reimbursement of deposits	睡	眠預金払	戻	損失引当金	1,954	1,898
Provision for contingent loss	偶	発		損	失	引		当	金	2,103	1,689
Provision for point card certificates	ポ	イ		ン	ト	引		当	金	564	550
Provision for loss on interest repayment	利	息	返	還	損	失	引	当	金	4	4
Reserves under special laws	特	別	法上		の引	当	金	2	2
Deferred tax liabilities	繰	延	税		金	負	債	0	1,452
Deferred tax liabilities for land revaluation	再評価に係る繰延税金負債	7,929	7,923
Negative goodwill	負		の		の		れ		ん	553	513
Acceptances and guarantees	支			払		承			諾	19,448	19,471
Total liabilities
負	債	の		部	合	計	20,482,702	20,060,781

－ 1 －

									(Millions of yen）
Item			(Japanese)				As of Mar. 31,	As of Jun. 30,
					2023	2023

Net Assets			(純資産の部)
Capital stock	資			本			金	117,495	117,495
Capital surplus	資	本	剰	余	金	125,705	125,703
Retained earnings	利	益	剰	余	金	622,845	632,606
Treasury stock	自		己		株		式	(7,181)	(7,160)
Total shareholders' equity
株	主	資	本		合	計	858,864	868,644
Unrealized gains on available-for-sale securities
その他有価証券評価差額金	18,692	47,697
Deferred gains (losses) on hedges	繰	延	ヘ	ッ	ジ	損	益	7,435	6,275
Land revaluation surplus	土	地	再評	価	差	額	金	12,088	12,076
Defined retirement benefit plans	退職給付に係る調整累計額	7,604	7,405
Total accumulated other comprehensive income
その他の包括利益累計額合計	45,821	73,455
Equity warrants
新	株	予	約	権	62	43
Non-controlling interest
非	支	配	株	主	持	分	31	31
Total net assets	純	資	産	の	部	合	計	904,779	942,174
Total liabilities and net assets
負	債及び純	資産	の	部合計	21,387,481	21,002,955

(Note) Figures are rounded down to the nearest million.

－ 2 －

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Mebuki Financial Group Inc. published this content on 04 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 04 August 2023 06:13:43 UTC.

Latest news about Mebuki Financial Group,Inc.

Mebuki Financial Group,Inc. announces an Equity Buyback for 20,000,000 shares, representing 1.97% for ¥10,000 million.	May. 10	CI
Mebuki Financial Group,Inc. authorizes a Buyback Plan.	May. 09	CI
Mebuki Financial Group,Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024	Feb. 07	CI
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Tranche Update on Mebuki Financial Group,Inc.'s Equity Buyback Plan announced on November 10, 2023.	Dec. 22	CI
Mebuki Financial Group,Inc.'s Equity Buyback announced on November 10, 2023, has closed with 22,306,500 shares, representing 2.15% for ¥9,999.98 million.	Dec. 20	CI
Mebuki Financial Group,Inc. announces an Equity Buyback for 30,000,000 shares, representing 2.89% for ¥10,000 million.	Nov. 10	CI
Mebuki Financial Group,Inc. Provides Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024	Nov. 10	CI
Mebuki Financial Group, Inc. Announces Dividend for the Second Quarter Ended September 30, 2023, Payable on December 4, 2023 and Provides Dividend Guidance for the Full Year Ending March 31, 2024	Nov. 10	CI
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Mebuki Financial Group,Inc. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024	23-08-04	CI
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Mebuki Financial Group Plans 10 Billion Yen Share Buyback	23-05-14	MT
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Mebuki Financial Group,Inc. Provides Consolidated Earnings Guidance for the Six Months Ending September 30, 2023 and Fiscal Year Ending March 31, 2024	23-05-12	CI
Mebuki Financial Group,Inc. authorizes a Buyback Plan.	23-05-11	CI
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Company Profile

Mebuki Financial Group Inc is a Japan-based company mainly engaged in the provision of comprehensive financial services centered on banking business. The Company is mainly engaged in the provision of banking business, as well as other business related to financial services such as leasing business, securities business, credit guarantee business and credit card business.

Sector

Banks

Calendar

2024-08-01 - Q1 2024 Earnings Release (Projected)

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Income Statement Evolution

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Ratings for Mebuki Financial Group,Inc.

Trading Rating

Investor Rating

ESG Refinitiv

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Analysts' Consensus

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

565.4 JPY

Average target price

517.5 JPY

Spread / Average Target

-8.47%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Commercial Banks

Mebuki Financial Group,Inc.

Equities

7167

JP3117700009

Banks

Mebuki Financial : Financial Results for the 1st Quarter of FY2023

EPS Revisions