Member of the Financial Accounting Standards Foundation
Consolidated Financial Summary (for the year ended March 31, 2022)
April 28, 2022
Company Name: Tokai Tokyo Financial Holdings, Inc.
Stock Listings: Tokyo Stock Exchange/Nagoya Stock Exchange
Stock Code: | 8616 |
Representative: | Ichirou Gouda, President |
Contact: | Junichi Takahashi |
URL:http://www.tokaitokyo-fh.jp/
General Manager - Finance Planning Department
Telephone: +81-(0)3-3517-8391
Scheduled date for general meeting of shareholders: June 28, 2022
Scheduled date for filing securities report: June 28, 2022
Scheduled day of commencing dividend payment: June 29, 2022 Supplementary explanation documents for earnings: Yes
Earnings presentation for the fiscal year: Yes (for financial analysts and institutional investors)
(Figures are rounded down to the nearest one million yen and those in parentheses are negative figures.)
1. Consolidated Financial Results for the Year Ended March 31, 2022 (from April 1, 2021 to March 31, 2022)
(1) Consolidated Results of Operation
(Figures in percentages denote the year-on-year change.)
Year ended
March 31,2022
March 31,2021
yen 52.94 36.62
yen 52.79 36.62
%
12.2 13.3
(Reference) Share of profit of entities accounted for using equity method March 31, 2022: 1,179 million yen March 31, 2021: 1,591 million yen (Note) From the current consolidated fiscal year, the Company has made changes in the presentation method. Therefore, the operating income of previous year's consolidated results of operation reflect that.
(2) Consolidated Financial Position
As of
March 31,2022
March 31,2021
(Reference) Shareholders' equity
Total assets | Net assets | Net asset per share | |
million yen | million yen | % | yen |
1,581,231 | 185,568 | 10.9 | 694.86 |
1,416,569 | 172,684 | 11.7 | 666.65 |
March 31, 2022: 172,730 million yen
Equity ratio
March 31, 2021: 165,572 million yen
(3) Consolidated Cash Flows Position
Year ended
March 31,2022
March 31,2021
2. Dividends
Cash flows from operation
Cash flows | Cash flows | Cash and | |
from investment | from financing | cash equivalents | |
million yen | million yen | million yen | million yen |
5,672 | (23,011) | 32,355 | 98,442 |
(73,074) | (12,397) | 104,805 | 81,950 |
Dividend per share | Total cash |
(Note) 1) The dividend of 8.00 yen at the end of second quarter for the year ending March 31, 2021 includes commemorative dividend of 2.00 yen.
2) The dividend of 14.00 yen at the end of year for the year ended March 31, 2021 includes commemorative dividend of 2.00 yen.
3. Forecast of Consolidated Operating Results for Fiscal 2022 (from April 1, 2022 to March 31, 2023)
The Group operates principally in the financial instruments business, and its operating results are likely to be affected by market fluctuations. Due to such nature of its business and consequential difficulty in predicting its performance, the Group does not disclose the forecast of operating results.
* Notes
(1) Important Changes in Subsidiaries during the Term (Changes Pursuant to the Subsidiaries that Lead to a Change in the Scope of Consolidation): Yes
New : 2 companies (ACE Securities Co.,Ltd. , Maruhachi Securities Co.,Ltd. ) Exclusion : None
(2) Changes in Accounting Policies or Estimates and Retrospective Restatements
1) Changes in accounting policies in accordance with revision of accounting standards: Yes
2) Changes in accounting policies other than item 1) above: None
3) Change in accounting estimates: None
4) Retrospective restatements: None
(3) Number of Shares Issued (Common Stock)
1) Number of shares issued at the end of the term including treasury shares
As of March 31, 2022: 260,582,115 As of March 31, 2021: 260,582,115
2) Number of treasury shares at the end of the term
As oMf Maracrhch313,12,021012:2: 11,999,455 As of March 31, 2021: 12,218,314
3) Average number of shares outstanding
Year ended March 31, 2022: 248,425,425
Year ended March 31, 2021: 248,364,809
(Reference)
Non-consolidated Financial Results for the Year Ended March 31, 2022 (from April 1, 2021 to March 31, 2022)
(1) Non-consolidated Results of Operations
(Figures in percentages denote the year-on-year change.)
Net income per share
Operating revenue | Operating profit | Ordinary profit | Net income | |
Year ended March 31,2022 March 31,2021 | million yen %
| million yen 6,066 (624) % - - | million yen 6,811 % - 264 (97.6) | million yen 6,349 % - 213 (98.0) |
Diluted net income per share
Year ended
yen
yen
March 31,2022
March 31,2021
25.56 0.86
25.49 0.86
(Note) From the current fiscal year, the Company has made changes in the presentation method. Therefore, the operating income of previous year's Non-consolidated results of operation reflect that.
(2) Non-consolidated financial position
Total assets | Net assets | Equity ratio | Net assets per share | |
As of March 31,2022 March 31,2021 | million yen 251,859 206,114 | million yen 109,451 109,030 | % 43.3 52.7 | yen 438.30 437.21 |
March 31, 2022: 108,954 million yen
(Reference) Shareholders' equity
March 31, 2021: 108,587 million yen
* This consolidated financial summary is exempt from certified public accountant and audit corporations
* Note to proper use of forecast of operating results and other special remarks
Dividends for the fiscal year ending March 31, 2023 have not been determined because it is difficult to forecast operating results, as described similarly in "3.Forecast of Consolidated Operating Results for Fiscal 2022.''
* How to view supplementary explanation documents for earnings
Supplementary explanation documents for earnings will be available on both Timely Disclosure network and our website on Thursday, April 28, 2022.
Consolidated Financial Statements
(1) Consolidated Balance Sheets
Assets
Current assets
Cash and deposits
Cash segregated as deposits
Cash segregated as deposits for customers
Cash segregated as deposits for others
Trading products
Trading securities and other
Derivatives
Margin transaction assets
Loans on margin transactions
Cash collateral pledged for securities borrowing on margin
transactions
Loans secured by securities
Cash collateral pledged for securities borrowed
Loans on Gensaki transactions
Advances paid
Deposits paid for underwritten offering
Short-term guarantee deposits
Short-term loans receivable
Accrued income
Other
Allowance for doubtful accounts Total current assets Non-current assets
Property, plant and equipment
Buildings
Equipment
Land
Intangible assets
Goodwill
Software
Telephone subscription right
Other
Investments and other assets
Investment securities
Long-term guarantee deposits
Deferred tax assets
Retirement benefit asset
Other
Allowance for doubtful accounts Total non-current assets
As of March 31, 2021
(Unit: million yen)
As of March 31, 2022
83,589 100,360
83,622 74,648
80,800 71,225
2,821 3,423
588,098 529,440
583,391 518,527
4,706 10,913
100,450 135,347
34,362 43,335
66,087 92,011
407,829 551,583
28,756 95,899
379,072 455,683
8,395 6,006
- 154
37,915 60,365
14,492 36,740
4,189 6,496
14,196 4,662
(101) (99)
1,342,676
1,505,707
10,740 10,478
3,914 3,855
3,525 3,322
3,300 3,300
5,594 7,585
1,514 1,247
2,532 5,879
34 33
1,513 425
57,557 57,459
48,155 44,206
3,862 5,511
35 66
4,446 6,618
1,423 1,389
(364) (332)
Total assets
73,893 1,416,569
75,523 1,581,231
(Unit: million yen)
As of | As of | |
March 31, 2021 | March 31, 2022 | |
Liabilities | ||
Current liabilities | ||
Trading products | 379,293 | 444,613 |
Trading securities and other | 370,371 | 431,959 |
Derivatives | 8,921 | 12,653 |
Trade date accrual | 9,240 | 78,170 |
Margin transaction liabilities | 11,555 | 18,072 |
Borrowings on margin transactions | 9,128 | 13,313 |
Cash received for securities lending on margin transactions | 2,426 | 4,759 |
Borrowings secured by securities | 368,671 | 326,725 |
Cash received on debt credit transaction of securities | 4,123 | 54,073 |
Borrowings on Gensaki transactions | 364,547 | 272,652 |
Deposits received | 72,419 | 69,609 |
Guarantee deposits received | 12,626 | 22,627 |
Short-term borrowings | 244,786 | 234,364 |
Short-term bonds payable | 16,000 | 14,500 |
Current portion of bonds payable | 17,510 | 27,594 |
Income taxes payable | 2,414 | 1,187 |
Provision for bonuses | 2,283 | 2,387 |
Provision for bonuses for directors (and other officers) | 57 | 70 |
Other | 6,214 | 14,922 |
Total current liabilities | 1,143,073 | 1,254,845 |
Non-current liabilities | ||
Bonds payable | 11,863 | 28,585 |
Long-term borrowings | 84,200 | 107,300 |
Deferred tax liabilities | 1,290 | 1,468 |
Provision for retirement benefits for directors (and other officers) | 92 | 114 |
Retirement benefit liability | 163 | 256 |
Other | 2,566 | 2,389 |
Total non-current liabilities | 100,176 | 140,114 |
Reserves under special laws | ||
Reserve for financial instruments transaction liabilities | 635 | 703 |
Total reserves under special laws | 635 | 703 |
Total liabilities | 1,243,884 | 1,395,663 |
Net assets | ||
Shareholders' equity | ||
Share capital | 36,000 | 36,000 |
Capital surplus | 24,587 | 24,569 |
Retained earnings | 107,390 | 114,580 |
Treasury shares | (5,292) | (5,197) |
Total shareholders' equity | 162,685 | 169,952 |
Accumulated other comprehensive income | ||
Valuation difference on available-for-sale securities | 1,490 | 1,083 |
Foreign currency translation adjustment | (571) | 87 |
Remeasurements of defined benefit plans | 1,967 | 1,607 |
Total accumulated other comprehensive income | 2,886 | 2,778 |
Share acquisition rights | 442 | 497 |
Non-controlling interests | 6,669 | 12,340 |
Total net assets | 172,684 | 185,568 |
Total liabilities and net assets | 1,416,569 | 1,581,231 |
(2) Consolidated Statements of Income and Comprehensive Income Consolidated Statements of Income (Unit: million yen)Year ended March 31, 2021 Year ended March 31, 2022 |
Operating revenue |
Commission received 31,173 37,575 Brokerage commission 13,936 13,929 Commission for underwriting, secondary distribution and solicitation for selling and others for professional investors Fee for offering, secondary distribution and solicitation for selling and others for professional investors 1,076 1,333 6,461 9,939 Other fees received 9,700 12,372 Net trading income Financial revenue 34,008 33,998 4,180 9,401 |
Total operating revenue 69,362 80,975 |
Financial expenses 2,321 2,726 |
Net operating revenue 67,041 78,249 Selling, general and administrative expenses |
Trading related expenses Personnel expenses Real estate expenses Office expenses Depreciation 10,210 13,127 27,501 32,320 6,794 7,732 6,756 8,645 3,185 2,902 Provision of allowance for doubtful accounts Taxes and dues 76 1 1,367 1,784 Other 1,463 1,852 |
Total selling, general and administrative expenses Operating profit 57,355 9,685 68,368 9,881 Non-operating income |
Dividend income 630 672 Share of profit of entities accounted for using equity method Gain on investments in investment partnerships 1,591 1,179 530 462 Gain on sale of investment securities - 414 Gain on valuation of investment securities Other 291 438 190 173 |
Total non-operating income Non-operating expenses 3,234 3,341 |
Loss on investments in investment partnerships Foreign exchange losses 287 204 - 7 Other 83 31 |
Total non-operating expenses Ordinary profit 371 12,548 243 12,979 |
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Tokai Tokyo Financial Holdings Inc. published this content on 28 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 April 2022 03:23:02 UTC.