Hyakujushi Bank : Consolidated Financial Results for the Six Months Ended September 30,2022

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 Six Months Ended September 30, 2022

[Japanese GAAP]

Company name: The Hyakujushi Bank, Ltd.					November 14, 2022
Stock exchange listing: Tokyo
Code number: 8386
URL: https://www.114bank.co.jp/
Representative: Yujiro Ayada	Representative Director, President
Contact: Yuichi Oshima	Executive Officer and General Manager, Corporate Planning Division
Phone: [phone]
Scheduled date of filing quarterly securities report: November 15, 2022
Scheduled date of commencing dividend payments: December 09, 2022
Trading Accounts: No
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 Six Months Ended September 30, 2022 (April 01, 2022 to September 30, 2022)
(1) Consolidated Operating Results				(% indicates changes from the previous corresponding period.)
		Ordinary income		Ordinary profit		Profit attributable to owners of
				parent
Six months ended		Million yen		%	Million yen		%	Million yen		%
September 30, 2022		44,484		21.2	8,766		(10.5)	5,969		(10.5)
September 30, 2021		36,707		5.4	9,791		-	6,667		-

(Note) Comprehensive income:	Six months ended September 30, 2022:
	Six months ended September 30, 2021:

¥	(11,396) million	[	-%]
¥	5,491 million	[	(75.1) %]

	Basic earnings	Diluted earnings per
	per share	share
Six months ended	Yen	Yen
September 30, 2022	204.35	204.31
September 30, 2021	226.11	226.04

(2) Consolidated Financial Position

	Total assets	Net assets	Capital adequacy ratio
As of	Million yen		Million yen	%
September 30, 2022	5,636,428		270,788	4.8
March 31, 2022	5,747,266		284,336	4.9
(Reference) Equity: As of	September 30, 2022:	¥	270,766 million
As of	March 31, 2022:	¥	284,315 million

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			-		30.00	-		40.00	70.00
Fiscal year ending March 31, 2023			-		35.00
Fiscal year ending March 31, 2023						-		35.00	70.00
(Forecast)
(Note) Revision to the forecast for dividends	announced most	recently:	No
(Note) Breakdown of the 2nd quarter	(interim) dividend for the fiscal year ending March 31, 2023 :
Commemorative dividend	-	yen
Special dividend	-	yen

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 income	Ordinary profit		Profit attributable to	Basic earnings per share
				owners of parent
			Million yen	%	Million yen		%			Million yen	%	Yen
Full year			82,000	12.2	13,000		(14.4)			8,000	(31.6)	276.62
(Note) Revision to the financial results forecast announced most recently:	No
* Notes:
(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):	No
New	-	(Company name:									)
Exclusion:	-	(Company name:									)

1. Changes in accounting policies, changes in accounting estimates and retrospective restatement
2. 1. Changes in accounting policies due to the revision of accounting standards: Yes
   2. Changes in accounting policies other than 1) above: No
   3. Changes in accounting estimates: No
   4. Retrospective restatement: No
3. Total number of issued shares (common shares)
4. 1. Total number of issued shares at the end of the period (including treasury shares):

September 30, 2022:	29,100,000	shares
March 31, 2022:	30,000,000	shares
2) Total number of treasury shares at the end of the period:
September 30, 2022:	180,196	shares
March 31, 2022:	506,562	shares

3) Average number of shares during the period:
Six months ended September 30, 2022:	29,212,444	shares
Six months ended September 30, 2021:	29,487,906	shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Six Months Ended September 30, 2022 (April 01, 2022 to September 30, 2022)
(1) Non-consolidated Operating Results				(% indicates changes from the previous corresponding period.)
	Ordinary income		Ordinary profit	Net income
Six months ended	Million yen	%		Million yen		%	Million yen		%
September 30, 2022	39,966	23.8		8,170		(10.1)	5,628		(9.8)
September 30, 2021	32,285	6.6		9,086		-	6,240		-
	Basic earnings
	per share
Six months ended		Yen
September 30, 2022		192.68
September 30, 2021		211.64
(2) Non-consolidated Financial Position
	Total assets		Net assets		Capital adequacy ratio
As of		Million yen				Million yen			%
September 30, 2022		5,618,153				255,950			4.6
March 31, 2022		5,727,529				269,903			4.7
(Reference) Equity: As of	September 30, 2022:	¥	255,929 million
As of	March 31, 2022:			¥	269,882 million

2. Non-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 income	Ordinary profit	Net income		Basic earnings per share
	Million yen	%	Million yen	%	Million yen		%	Yen
Full year	72,000	12.6	12,000	(12.9)	7,500		(30.6)	259.33

• This report is out of the scope of the audit by certified public accountants or independent audit firms.
• Notes for using forecasts information, etc.

・The description of future performance of this report is based on information which is presently available and certain assumptions which are considered to be reasonable, and it does not guarantee future performance. Please take note that future performance may differ from forecasts.

・The Hyakujushi Bank, Ltd. falls under the category of "Specified Business Corporation" under Article 17-15-2 of the Cabinet Office Ordinance Concerning Disclosure of Public Companies; accordingly, it has prepared its interim consolidated financial statements and interim non-consolidated financial statements for the six months ended September 30, 2022.

Interim Consolidated Financial Statements

Interim Consolidated Balance Sheets

			(Million yen)
		As of March 31,2022	As of September 30,2022
Assets
	Cash and due from banks	1,115,997	1,014,813
	Call loans and bills bought	9,730	2,172
	Monetary claims bought	28,445	29,023
	Trading securities	-	20
	Securities	1,274,877	1,079,562
	Loans and bills discounted	3,159,889	3,358,629
	Foreign exchanges	6,236	6,342
	Lease receivables and investments in leases	21,265	19,642
	Other assets	75,424	69,450
	Tangible fixed assets	37,134	36,736
	Intangible fixed assets	4,654	4,459
	Retirement benefit asset	8,276	8,829
	Deferred tax assets	737	1,277
	Customers' liabilities for acceptances and guarantees	22,881	23,375
	Allowance for loan losses	(18,285)	(17,908)
	Total assets	5,747,266	5,636,428
Liabilities
	Deposits	4,558,239	4,605,372
	Negotiable certificates of deposit	74,576	79,246
	Call money and bills sold	23,254	51,612
	Cash collateral received for securities lent	12,696	14,141
	Borrowed money	700,615	520,322
	Foreign exchanges	321	897
	Other liabilities	58,400	65,022
	Provision for bonuses for directors (and other officers)	57	-
	Retirement benefit liability	208	212
	Provision for retirement benefits for directors (and	39	29
	other officers)
	Provision for reimbursement of deposits	125	111
	Provision for contingent loss	107	67
	Provision for share-based compensation	147	149
	Deferred tax liabilities	6,180	-
	Deferred tax liabilities for land revaluation	5,077	5,077
	Acceptances and guarantees	22,881	23,375
	Total liabilities	5,462,929	5,365,639

		(Million yen)
	As of March 31,2022	As of September 30,2022
Net assets
Share capital	37,322	37,322
Capital surplus	30,486	30,486
Retained earnings	183,444	185,730
Treasury shares	(2,030)	(512)
Total shareholders' equity	249,223	253,026
Valuation difference on available-for-sale securities	25,891	10,173
Deferred gains or losses on hedges	2,611	909
Revaluation reserve for land	7,927	7,942
Remeasurements of defined benefit plans	(1,339)	(1,285)
Total accumulated other comprehensive income	35,091	17,740
Share acquisition rights	21	21
Total net assets	284,336	270,788
Total liabilities and net assets	5,747,266	5,636,428