Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
August 1, 2023
Consolidated Financial Results
for the Three Months Ended June 30, 2023
(Under Japanese GAAP)
Company name: | The Gunma Bank, Ltd. |
Listing: | Tokyo Stock Exchange |
Securities code: | 8334 |
URL: | https://www.gunmabank.co.jp/ |
Representative: | Akihiko Fukai, President |
Inquiries: | Hideyuki Saito, Managing Executive Officer and General Manager, Corporate Planning Department |
Scheduled date to file quarterly securities report: | August 3, 2023 |
Trading accounts: | None |
Scheduled date to commence dividend payments: | - |
Preparation of supplementary material on quarterly financial results: | Yes |
Holding of quarterly financial results briefing: | None |
(Yen amounts are rounded down to millions, unless otherwise noted.) |
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)
(1) Consolidated operating results | (Percentages indicate year-on-year changes.) | ||||||||||||||||||
Ordinary income | Ordinary profit | Profit attributable to | |||||||||||||||||
owners of parent | |||||||||||||||||||
Three months ended | Millions of yen | % | Millions of yen | % | Millions of yen | % | |||||||||||||
Jun.30, 2023 | 54,785 | 19.0 | 12,566 | 5.3 | 9,016 | 4.7 | |||||||||||||
Jun.30, 2022 | 46,031 | 2.8 | 11,932 | (30.2) | 8,612 | (24.9) | |||||||||||||
Note: | Comprehensive income For the three months ended Jun.30, 2023 : | 24,656 million | yen | [ | ― | %] | |||||||||||||
For the three months ended Jun.30, 2022 : | (18,754) million yen | [ | ― | %] | |||||||||||||||
Basic earnings | Diluted earnings | ||||||||||||||||||
per share | per share | ||||||||||||||||||
Three months ended | Yen | Yen | |||||||||||||||||
Jun.30, 2023 | 22.37 | ― | |||||||||||||||||
Jun.30, 2022 | 20.97 | ― | |||||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||
Total assets | Net assets | Equity-to-asset ratio | |||||||||||||||||
As of | Millions of yen | Millions of yen | % | ||||||||||||||||
Jun.30, 2023 | 10,752,887 | 531,883 | 4.9 | ||||||||||||||||
Mar.31, 2023 | 10,662,300 | 515,810 | 4.8 | ||||||||||||||||
Reference: Equity | As of Jun.30, 2023 | : | 531,883 million yen | ||||||||||||||||
As of Mar.31, 2023 | : | 515,810 million yen | |||||||||||||||||
Note: | "Equity-to-asset ratio" represents | "Net assets"/ "Total assets" at term end. | |||||||||||||||||
"Equity-to-asset ratio" stated above was not calculated based on the public notice of "Equity-to-asset ratio". | |||||||||||||||||||
2. Cash dividends | |||||||||||||||||||
Annual dividends per share | |||||||||||||||||||
First | Second | Third | Fiscal | Total | |||||||||||||||
quarter-end | quarter-end | quarter-end | year-end | ||||||||||||||||
Fiscal year | Yen | Yen | Yen | Yen | Yen | ||||||||||||||
ended | Mar. 31, 2023 | ― | 8.00 | ― | 10.00 | 18.00 | |||||||||||||
ending Mar. 31, 2024 | ― | ||||||||||||||||||
ending Mar. 31, 2024(Forecast) | 10.00 | ― | 10.00 | 20.00 | |||||||||||||||
Note: | 1. Revisions to the forecast of cash dividends most recently announced: None |
2. Fiscal year-end cash dividend of 10.00 yen for the fiscal year ended Mar. 31, 2023 included a commemorative dividend of 1.00 yen for the 90th anniversary of the establishment of the Gunma Bank, Ltd.
3. Consolidated earnings forecast for fiscal year 2023 (from April 1, 2023 to March 31, 2024)
(Percentages indicate year-on-year changes.)
Ordinary profit | Profit attributable to | Basic earnings | |||||
owners of parent | per share | ||||||
Fiscal year 2023 | Millions of yen | % | Millions of yen | % | Yen | ||
ending Sep.30, 2023 | 20,000 | 9.9 | 14,000 | 1.5 | 34.98 | ||
ending Mar.31, 2024 | 40,000 | 4.4 | 28,000 | 0.2 | 70.20 |
Note: | Revisions to the forecast of earnings most recently announced: None |
Notes | ||
(1) | Changes in significant subsidiaries during the period | |
(changes in specified subsidiaries resulting in the change in scope of consolidation): | None | |
(2) | Adoption of accounting treatment specific to the preparation of quarterly consolidated | |
financial statements | None | |
(3) | Changes in accounting policies, changes in accounting estimates, and restatement | |
① Changes in accounting policies due to revisions to accounting standards and other regulations: | None | |
② Changes in accounting policies due to other reasons: | None | |
③ Changes in accounting estimates: | None | |
④ Restatement: | None |
- Number of issued shares (common shares)
- Total number of issued shares at the end of the period (including treasury shares)
As of Jun.30, 2023 | 425,888,177 | shares | |
As of Mar.31, 2023 | 425,888,177 | shares | |
② Number of treasury shares at the end of the period | |||
As of Jun.30, 2023 | 28,413,174 | shares | |
As of Mar.31, 2023 | 19,344,421 | shares | |
③ Average number of shares outstanding during the period | |||
Three months ended Jun.30, 2023 | 403,053,674 | shares | |
Three months ended Jun.30, 2022 | 410,663,696 | shares |
- Quarterly financial results reports are exempt from quarterly review conducted by certified public accountants or an audit corporation.
- Proper use of earnings forecasts, and other special matters
・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 depending on various future factors.
The Gunma Bank, Ltd.
Consolidated Financial Results for the Three Months Ended June 30, 2023
Table of contents
1. Qualitative information related to the quarterly financial results
(1) | Qualitative information related to the operating results | ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 2 |
(2) | Qualitative information related to the financial position | ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 2 |
(3) | Qualitative information related to the consolidated earnings forecast, etc ・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 2 |
2. Quarterly consolidated financial statements and notes
(1) | Quarterly consolidated balance sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 3 |
(2) | Quarterly consolidated statements of income and comprehensive income ・・・・・・・・・・・・・・・・・・・・・・・・・ | 5 |
(3) | Notes to the quarterly consolidated financial statements ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 7 |
(Note on going concern assumption) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 7 | |
(Note on significant changes in the amounts of shareholders' equity) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 7 | |
(Additional information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 7 | |
Supplementary Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 8 |
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The Gunma Bank, Ltd.
Consolidated Financial Results for the Three Months Ended June 30, 2023
1. Qualitative information related to the quarterly financial results
-
Qualitative information related to the operating results
Operating results for the first quarter of the consolidated fiscal year under review were as follows.
Ordinary income amounted to 54,785 million yen, an increase of 8,754 million yen year-on-year, mainly due to an increase in interest income.
Ordinary expenses amounted to 42,219 million yen, an increase of 8,120 million yen year-on-year, mainly due to an increase in interest expenses.
As a result, ordinary profit amounted to 12,566 million yen, an increase of 633 million yen year-on-year.
Also, profit attributable to owners of parent amounted to 9,016 million yen, an increase of 403 million yen year-on-year. - Qualitative information related to the financial position
The financial position as of the end of the first quarter of the consolidated fiscal year under review was as follows. Total assets increased by 90.5 billion yen to 10,752.8 billion yen during the period under review.
Total liabilities increased by 74.5 billion yen to 10,221.0 billion yen during the period under review. Also, net assets increased by 16.0 billion yen to 531.8 billion yen during the period under review.
As for the main accounts, loans and bills discounted increased by 45.6 billion yen to 6,036.9 billion yen during the period under review.
Securities decreased by 191.0 billion yen to 2,426.2 billion yen during the period under review. Deposits increased by 96.2 billion yen to 8,141.0 billion yen during the period under review. - Qualitative information related to the consolidated earnings forecasts, etc
Consolidated earnings forecasts for the six months ending September 30, 2023 and the fiscal year ending March 31, 2024 remain unchanged from the figures announced on May 10, 2023.
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The Gunma Bank, Ltd.
Consolidated Financial Results for the Three Months Ended June 30, 2023
2.Quarterly consolidated financial statements and notes
(1) Quarterly consolidated balance sheets
(Unit: Millions of yen) | ||
As of Mar. 31, 2023 | As of Jun. 30, 2023 | |
Assets: | ||
Cash and due from banks | 1,833,043 | 2,048,196 |
Trading securities | 541 | 531 |
Money held in trust | 9,854 | 12,054 |
Securities | 2,617,250 | 2,426,242 |
Loans and bills discounted | 5,991,297 | 6,036,967 |
Foreign exchanges | 10,045 | 6,949 |
Lease receivables and investments in leases | 60,554 | 60,616 |
Other assets | 74,120 | 102,325 |
Tangible fixed assets | 65,013 | 64,903 |
Intangible fixed assets | 8,053 | 8,098 |
Retirement benefit asset | 16,963 | 17,423 |
Deferred tax assets | 13,003 | 5,649 |
Customers' liabilities for acceptances and guarantees | 8,527 | 8,069 |
Allowance for loan losses | (45,967) | (45,140) |
Total assets | 10,662,300 | 10,752,887 |
Liabilities: | ||
Deposits | 8,044,837 | 8,141,090 |
Negotiable certificates of deposit | 199,419 | 208,873 |
Call money and bills sold | 28,708 | 82,644 |
Securities sold under repurchase agreements | 86,565 | 96,051 |
Cash collateral received for securities lent | 723,449 | 507,240 |
Borrowed money | 926,993 | 1,035,828 |
Foreign exchanges | 338 | 279 |
Bonds payable | 50,000 | 40,000 |
Borrowed money from trust account | 12,988 | 13,086 |
Other liabilities | 55,774 | 79,065 |
Provision for bonuses for directors (and other officers) | 56 | 12 |
Retirement benefit liability | 358 | 356 |
Provision for retirement benefits for directors (and other officers) | 167 | 156 |
Provision for reimbursement of deposits | 264 | 245 |
Provision for contingent loss | 926 | 887 |
Reserves under special laws | 0 | 0 |
Deferred tax liabilities for land revaluation | 7,112 | 7,112 |
Acceptances and guarantees | 8,527 | 8,069 |
Total liabilities | 10,146,489 | 10,221,003 |
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Gunma Bank Ltd. published this content on 01 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 01 August 2023 06:43:02 UTC.