July 29, 2022

Resona Holdings, Inc.

Consolidated Financial Results for the First Quarter of Fiscal Year 2022

(Three months ended June 30, 2022/ Unaudited)

Code number: 8308Stock exchange listings: Tokyo

URL: https://www.resona-gr.co.jp/holdings/english/

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: August 5, 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 First Quarter of Fiscal Year 2022 (April 1, 2022- June 30, 2022)

(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

%

1Q of FY2022

3.5

(5.3)

(0.9)

205,959

46,584

33,910

1Q of FY2021

198,931

8.9

49,201

54.9

34,230

56.9

Note: Comprehensive Income: 1Q of FY2022: (20,260) million yen, (129.2)% 1Q of FY2021: 69,331 million yen, (37.6)%

Net Income per Share of

Diluted Net Income per

Common Stock

Share of Common Stock

Yen

Yen

1Q of FY2022

14.23

14.22

1Q of FY2021

13.88

13.88

  1. Consolidated Financial Conditions

Total Assets

Net Assets

Net Assets Attributable to

Stockholders to Total Assets

Ratio

Million yen

Million yen

%

June 30, 2022

78,636,777

2,414,075

3.0

March 31, 2022

78,155,071

2,459,023

3.1

(Reference) Net Assets Attributable to Stockholders: June 30, 2022: 2,397,695 million yen

March 31, 2022: 2,442,188 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

FY2021

-

10.50

-

10.50

21.00

FY2022

-

FY2022(Forecast)

10.50

-

10.50

21.00

Note: Revision of forecasts for dividends from the latest announcement: No

3. Earnings Targets for Fiscal Year 2022 (April 1, 2022 - March 31, 2023)

(% 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

FY2022 (Full year)

150,000

36.4

62.94

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 1Q of FY2022

※ 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

June 30, 2022

:

2,400,980,366 shares

March 31, 2022

:

2,400,980,366 shares

  1. Treasury stock at the end of the period

June 30, 2022

:

17,580,707 shares

March 31, 2022

:

18,392,224 shares

  1. Average outstanding shares during the period

1Q of FY2022

:

2,382,770,354 shares

1Q of FY2021

:

2,464,922,530 shares

Note: Treasury stock at the end of the period included the stocks owned by share benefit trust for officers and ESOP-type Stock Benefit Trust for the Employee Shareholding Association

June 30, 2022

:

16,672,000 shares

March 31, 2022

:

17,485,700 shares

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

2,383,242,765 shares

Note: Status of the quarterly review process

This report is out of the scope of the external auditor's review procedure which is required by "Financial Instruments and Exchange Act."

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 2022, at this point in time.

Resona Holdings, Inc.

Financial Results for 1Q of FY2022

《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

[Reference Sheet]

Statements of Trust Assets and Liabilities…………………………………………………………………….. 5

(Supplementary Explanatory Material)

Reference Materials for the First Quarter of FY2022

- 1 -

Resona Holdings, Inc.

Financial Results for 1Q of FY2022

○ Consolidated Financial Statements

(1) Consolidated Balance Sheets

(Millions of yen)

March 31, 2022

June 30, 2022

Assets

Cash and due from banks

¥

27,999,340

¥

28,338,659

Call loans and bills bought

127,949

139,239

Deposits paid for bonds borrowing transactions

－

622

Monetary claims bought

414,616

412,289

Trading assets

238,340

279,918

Securities

7,732,548

7,898,375

Loans and bills discounted

39,597,906

39,755,599

Foreign exchange assets

159,859

173,429

Leasing receivables and investments in leases

34,640

33,864

Other assets

1,221,612

965,975

Tangible fixed assets

356,644

354,754

Intangible fixed assets

55,114

54,161

Net defined benefit asset

43,546

44,177

Deferred tax assets

27,151

28,179

Customers' liabilities for acceptances and guarantees

379,505

393,064

Reserve for possible loan losses

(233,691)

(235,521)

Reserve for possible losses on investments

(14)

(11)

Total Assets

¥

78,155,071

¥

78,636,777

Liabilities and Net Assets

Liabilities

Deposits

¥

60,922,036

¥

60,884,580

Negotiable certificates of deposit

975,640

904,260

Call money and bills sold

1,323,622

2,152,845

Payables under repurchase agreements

5,000

5,000

Payables under securities lending transactions

804,303

1,740,080

Trading liabilities

26,203

33,570

Borrowed money

9,134,782

7,866,709

Foreign exchange liabilities

3,886

5,470

Bonds

201,000

171,000

Due to trust account

1,109,114

1,191,593

Other liabilities

704,795

805,293

Reserve for employees' bonuses

20,208

7,998

Net defined benefit liability

12,392

12,047

Other reserves

33,199

28,900

Deferred tax liabilities

22,261

2,190

Deferred tax liabilities for land revaluation

18,094

18,094

Acceptances and guarantees

379,505

393,064

Total Liabilities

75,696,047

76,222,702

Net Assets

Capital stock

50,552

50,552

Capital surplus

149,263

149,263

Retained earnings

1,853,547

1,862,257

Treasury stock

(9,244)

(8,803)

Total stockholders' equity

2,044,119

2,053,270

Net unrealized gains on available-for-sale securities

378,562

326,043

Net deferred gains on hedges

4,676

2,448

Revaluation reserve for land

39,426

39,426

Foreign currency translation adjustments

(4,169)

(4,480)

Remeasurements of defined benefit plans

(20,427)

(19,012)

Total accumulated other comprehensive income

398,068

344,425

Stock acquisition rights

224

224

Non-controlling interests

16,610

16,154

Total Net Assets

2,459,023

2,414,075

Total Liabilities and Net Assets

¥

78,155,071

¥

78,636,777

-2-

Resona Holdings, Inc.

Financial Results for 1Q of FY2022

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

(Millions of yen)

First Quarter of FY2021

First Quarter of FY2022

From April 1, 2021

From April 1, 2022

to June 30, 2021

to June 30, 2022

Ordinary income

¥

198,931

¥

205,959

Interest income

107,056

106,724

Interest on loans and bills discounted

88,557

87,336

Interest and dividends on securities

10,859

10,271

Trust fees

4,957

5,353

Fees and commissions

57,484

59,266

Trading income

706

100

Other operating income

8,579

9,830

Other ordinary income

20,146

24,684

Ordinary expenses

149,730

159,375

Interest expenses

3,270

4,420

Interest on deposits

1,907

2,312

Fees and commissions

11,829

9,310

Trading expenses

66

544

Other operating expenses

14,643

31,299

General and administrative expenses

106,631

104,475

Other ordinary expenses

13,289

9,324

Ordinary profits

49,201

46,584

Extraordinary gains

159

173

Gains on disposal of fixed assets

159

173

Extraordinary losses

269

299

Losses on disposal of fixed assets

127

209

Impairment losses on fixed assets

142

90

Income before income taxes

49,091

46,457

Income taxes - current

12,674

10,598

Income taxes - deferred

2,150

1,784

Total income taxes

14,825

12,383

Net income

34,265

34,074

Net income attributable to non-controlling interests

35

164

Net income attributable to owners of parent

¥

34,230

¥

33,910

[Consolidated Statements of Comprehensive Income]

(Millions of yen)

First Quarter of FY2021

First Quarter of FY2022

From April 1, 2021

From April 1, 2022

to June 30, 2021

to June 30, 2022

Net income

¥

34,265

¥

34,074

Other comprehensive income

35,065

(54,334)

Net unrealized gains on available-for-sale securities

32,637

(52,476)

Net deferred gains on hedges

(2,150)

(2,228)

Foreign currency translation adjustments

2,851

(1,013)

Remeasurements of defined benefit plans

1,709

1,407

Share of other comprehensive income of affiliates accounted for using

the equity method

17

(23)

Total comprehensive income

¥

69,331

¥

(20,260)

Total comprehensive income attributable to:

Owners of parent

¥

68,582

¥

(19,732)

Non-controlling interests

¥

748

¥

(527)

-3-

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Resona Holdings Inc. published this content on 29 July 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 29 July 2022 07:24:08 UTC.