Hyakujushi Bank : Consolidated Financial Results for the Year Ended March 31,2023（305KB）

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 Year Ended March 31, 2023

[Japanese GAAP]

Company name: The Hyakujushi Bank, Ltd.						May 11, 2023
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 Annual General Meeting of Shareholders: June 29, 2023
Scheduled date of commencing dividend payments: June 30, 2023
Scheduled date of filing annual securities report: June 30, 2023
Trading Accounts: No
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual financial results briefing session: Yes
						(Amounts of less than one millions of 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 Operating Results					(% indicates changes from the previous corresponding period.)
		Ordinary income			Ordinary profit		Profit attributable to owners of
					parent
Fiscal year ended		Millions of yen		%		Millions of yen		%	Millions of yen	%
March 31, 2023		84,888		16.1		13,295		(12.5)	9,172	(21.6)
March 31, 2022		73,092		6.0		15,187		186.1	11,702	356.2

(Note) Comprehensive income:	Fiscal year ended March 31, 2023:
	Fiscal year ended March 31, 2022:

¥	(70)	million	[	-%]
¥	(5,504)	million	[	-%]

	Basic earnings per	Diluted earnings per	Rate of return on	Ordinary profit to	Ordinary profit to
	ordinary income
	share	share	equity	total assets ratio
	ratio
Fiscal year ended	Yen	Yen	%	%	%
March 31, 2023	315.57	315.50	3.2	0.2	15.7
March 31, 2022	396.83	396.72	4.1	0.3	20.8

(Reference) Equity in earnings (losses) of affiliated companies: Fiscal year ended March 31, 2023: Fiscal year ended March 31, 2022:

(2) Consolidated Financial Position

• - million
• - million

	Total assets	Net assets	Capital adequacy ratio	Net assets per share
As of	Millions of yen		Millions of yen	%	Yen
March 31, 2023	5,809,359		281,098	4.8	9,719.34
March 31, 2022	5,747,266		284,336	4.9	9,639.96
(Reference) Equity: As of	March 31, 2023:	¥	281,077 million
As of	March 31, 2022:	¥	284,315 million
(3) Consolidated Cash Flows
	Cash flows from	Cash flows from	Cash flows from	Cash and cash
	equivalents at the end
	operating activities	investing activities	financing activities
	of period
Fiscal year ended	Millions of yen	Millions of yen	Millions of yen	Millions of yen
March 31, 2023	(152,153)		227,010	(3,191)	1,158,391
March 31, 2022	253,921		(29,105)	(1,772)	1,086,721

2. Dividends

Annual dividends

Payout

Dividends

Total

to net

ratio

1st

2nd

3rd

Year-end

Total

dividends

assets

(consolidated)

quarter-end

quarter-end

quarter-end

(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Millions of yen

%

%

March 31, 2022

30.00

40.00

70.00

2,070

17.6

0.7

March 31, 2023

35.00

40.00

75.00

2,174

23.8

0.8

Fiscal year ending

March 31, 2024

35.00

35.00

70.00

31.1

(Forecast)

(Note) Breakdown of the year-end dividend for the fiscal year ended March 31, 2023 :

Commemorative dividend

-

yen

Special dividend

-

yen

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	Ordinary profit	Profit attributable to	Basic earnings per share
	owners of parent
Six months ending	Millions of yen	%	Millions of yen	%	Millions of yen	%	Yen
38,000	(14.6)	5,500	(37.3)	3,700	(38.0)	127.94
September 30, 2023
Full year	75,000	(11.6)	10,000	(24.8)	6,500	(29.1)	224.76

* Notes:
(1) Changes in significant subsidiaries during the period under review (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):

March 31, 2023:	29,100,000	shares
March 31, 2022:	30,000,000	shares
2) Number of treasury shares at the end of the period:
March 31, 2023:	180,626	shares
March 31, 2022:	506,562	shares

3) Average number of shares outstanding during the period:
Fiscal Year ended March 31, 2023:	29,066,467	shares
Fiscal Year ended March 31, 2022:	29,490,794	shares

(Reference) 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 Operating Results			(% indicates changes from the previous corresponding period.)
	Ordinary income				Ordinary profit				Net income
Fiscal year ended	Millions of yen		%		Millions of yen		%		Millions of yen		%
March 31, 2023	75,998		18.8			11,872		(13.9)			8,303		(23.2)
March 31, 2022	63,947		7.4			13,782		259.4			10,805		548.9
	Basic earnings per share	Diluted earnings per share
Fiscal year ended			Yen					Yen
March 31, 2023			285.68					285.62
March 31, 2022			366.41					366.31
(2) Non-consolidated Financial Position
	Total assets	Net assets		Capital adequacy ratio	Net assets per share
As of	Millions of yen			Millions of yen					%			Yen
March 31, 2023	5,784,550			261,274					4.5			9,033.84
March 31, 2022	5,727,529			269,903					4.7			9,150.59
(Reference) Equity: As of	March 31, 2023:			¥	261,253 million
As of	March 31, 2022:			¥	269,882 million

2. Non-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	Ordinary profit	Net income		Basic earnings per share
Six months ending	Millions of yen	%	Millions of yen	%	Millions of yen		%	Yen
33,000	(17.4)	5,000	(38.8)	3,500		(37.8)	121.02
September 30, 2023
Full year	65,500	(13.8)	9,000	(24.2)	6,000		(27.7)	207.47

• This report is out of the scope of the audit by certified public accountants or independent audit firms.
• Note 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.

Consolidated Financial Statements

Consolidated Balance Sheets

		(Millions of yen)
	As of March 31, 2022	As of March 31, 2023
Assets
Cash and due from banks	1,115,997	1,197,854
Call loans and bills bought	9,730	-
Monetary claims bought	28,445	34,950
Trading securities	-	9
Securities	1,274,877	1,044,665
Loans and bills discounted	3,159,889	3,362,245
Foreign exchanges	6,236	19,938
Lease receivables and investments in leases	21,265	18,677
Other assets	75,424	70,679
Tangible fixed assets	37,134	36,867
Buildings, net	8,949	8,630
Land	25,088	25,218
Construction in progress	-	30
Other tangible fixed assets	3,096	2,987
Intangible fixed assets	4,654	4,406
Software	3,139	3,111
Other intangible fixed assets	1,514	1,295
Retirement benefit asset	8,276	15,948
Deferred tax assets	737	732
Customers' liabilities for acceptances and guarantees	22,881	19,898
Allowance for loan losses	(18,285)	(17,514)
Total assets	5,747,266	5,809,359
Liabilities
Deposits	4,558,239	4,696,403
Negotiable certificates of deposit	74,576	84,267
Call money and bills sold	23,254	20,360
Cash collateral received for securities lent	12,696	-
Borrowed money	700,615	624,432
Foreign exchanges	321	248
Other liabilities	58,400	73,773
Provision for bonuses for directors (and other officers)	57	49
Retirement benefit liability	208	248
Provision for retirement benefits for directors (and	39	38
other officers)
Provision for reimbursement of deposits	125	163
Provision for contingent loss	107	69
Provision for share-based compensation	147	181
Deferred tax liabilities	6,180	3,048
Deferred tax liabilities for land revaluation	5,077	5,077
Acceptances and guarantees	22,881	19,898
Total liabilities	5,462,929	5,528,260

		(Millions of yen)
	As of March 31, 2022	As of March 31, 2023
Net assets
Share capital	37,322	37,322
Capital surplus	30,486	30,486
Retained earnings	183,444	187,908
Treasury shares	(2,030)	(513)
Total shareholders' equity	249,223	255,204
Valuation difference on available-for-sale securities	25,891	14,669
Deferred gains or losses on hedges	2,611	138
Revaluation reserve for land	7,927	7,952
Remeasurements of defined benefit plans	(1,339)	3,113
Total accumulated other comprehensive income	35,091	25,873
Share acquisition rights	21	21
Total net assets	284,336	281,098
Total liabilities and net assets	5,747,266	5,809,359