August 2, 2022
The Gunma Bank, Ltd.
Financial Results for the First Quarter of Fiscal Year 2022, ending March 31, 2023
Stock Exchange Listing: | Tokyo(code:8334) | |||||||||
URL: | https://www.gunmabank.co.jp/ | |||||||||
Representative: | Akihiko Fukai, President | |||||||||
For Inquiry: | Hideyuki Saito, Managing Executive Officer and General Manager, | |||||||||
Corporate Planning Department | ||||||||||
Filing date of Financial Statements: | August 3, 2022 (scheduled) | |||||||||
Trading Accounts: | No | |||||||||
Payment date of cash dividends: | - | |||||||||
Supplementary Materials : | Attached | |||||||||
IR Conference : | Not scheduled | |||||||||
(Japanese yen amounts of less than 1 million have been rounded down.) | ||||||||||
1. Consolidated Financial Highlights (from April 1, 2022 to June 30, 2022) | ||||||||||
(1) Consolidated Operating Results | (%:Changes from corresponding period of the previous fiscal year) | |||||||||
Ordinary Income | Ordinary Profit | Profit Attributable to | ||||||||
Owners of Parent | ||||||||||
First Quarter | million of yen | % | million of yen | % | million of yen | % | ||||
Ended Jun.30, 2022 | 46,031 | 2.8 | 11,932 | (30.2) | 8,612 | (24.9) | ||||
Ended Jun.30, 2021 | 44,767 | 13.9 | 17,095 | 146.6 | 11,467 | 108.8 | ||||
(Note) Comprehensive Income First Quarter ended Jun. 30, 2022: (18,754) million of yen [ | ― %] | |||||||||
First Quarter ended Jun. 30, 2021: 13,841 | million of yen [(41.3)%] | |||||||||
Profit per Share | Profit per Share (Diluted) | |||||||||
First Quarter | yen | yen | ||||||||
Ended Jun.30, 2022 | 20.97 | ― | ||||||||
Ended Jun.30, 2021 | 27.28 | ― | ||||||||
(2) Consolidated Financial Conditions | ||||||||||
Total Assets | Total Net Assets | Capital Assets to | ||||||||
Total Assets | ||||||||||
As of | million of yen | million of yen | % | |||||||
Jun.30, 2022 | 10,296,231 | 507,626 | 4.9 | |||||||
Mar.31, 2022 | 11,148,539 | 529,256 | 4.7 |
(Reference) Capital assets as of | Jun. 30, 2022 | : 507,626 million of yen; | Mar. 31, 2022 : 529,256 million of yen |
(Note) "Capital Assets to Total Assets" represents | "Total Net Assets" ÷ "Total Assets" at term end. | ||
"Capital Assets to Total Assets" stated above was not calculated based on the public notice of "Capital Assets to Total Assets". |
2. Cash Dividends for Shareholders
Annual Cash 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, 2022 | ― | 7.00 | ― | 7.00 | 14.00 |
Ending Mar. 31, 2023 | ― | ||||
Ending Mar. 31, 2023(Projection) | 8.00 | ― | 8.00 | 16.00 | |
(Note) Revisions of released cash dividends projections: No |
3. Consolidated Earnings Projections for Fiscal year 2022 | (from April 1, 2022 to March 31, 2023) | ||||||
(%:Changes from corresponding period of the previous fiscal year) | |||||||
Ordinary Profit | Profit Attributable to | Profit per Share | |||||
Owners of Parent | |||||||
million of yen | % | million of yen | % | yen | |||
Six Months ending Sep. 30, 2022 | 19,000 | (19.6) | 13,000 | (15.4) | 31.66 | ||
Fiscal Year ending Mar. 31, 2023 | 39,000 | (0.3) | 27,000 | 2.1 | 65.75 | ||
(Note) Revisions of released earnings projections: No
Notes
(1) | Material changes in consolidated subsidiaries during the period | |||
(changes in specific subsidiaries accompanied by changes in scope of consolidation): | No | |||
(2) | Adoption of particular accounting methods for quarterly consolidated financial statements: | No | ||
(3) | Changes in accounting principles, accounting estimates and restatement | |||
① Changes in accounting principles accordance with changes in accounting standard, etc.: | Yes | |||
② Other changes in accounting principles: | No | |||
③ Changes in accounting estimates: | No | |||
④ Restatement: | No | |||
(4) | Number of issued shares (common stock) | |||
① Number of issued shares (including treasury shares): | Jun. 30, 2022 | 425,888,177 | Shares | |
Mar. 31, 2022 | 425,888,177 | Shares | ||
② Number of treasury shares: | Jun. 30, 2022 | 15,224,683 | Shares | |
Mar. 31, 2022 | 15,224,436 | Shares | ||
③ Average number of issued shares : | Three months ended Jun. 30, 2022 | 410,663,696 | Shares | |
Three months ended Jun. 30, 2021 | 420,339,647 | Shares |
This quarterly report is out of the scope of quarterly review 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 depending on various future factors.
The Gunma Bank, Ltd.
Financial Results for the 1st Quarter of FY 2022
Table of Contents
1. Qualitative Information
(1) | Qualitative Information related to the Results of Operations | ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 2 |
(2) | Qualitative Information related to the Financial Conditions | ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 2 |
(3) | Qualitative Information related to the Consolidated Earnings Projections ・・・・・・・・・・・・・・・・・・・・・ | 2 |
2. Quarterly Consolidated Financial Statements and Notes
(1) | Quarterly Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 3 |
(2) | Quarterly Consolidated Statements of Income and Comprehensive Income ・・・・・・・・・・・・・・・・・・・・ | 4 |
(3) | Notes to the Quarterly Consolidated Financial Statements ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 5 |
(Notes on Going Concern Assumption) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 5 | |
(Note on Significant Changes in The Amounts of Shareholders' Equity) ・・・・・・・・・・・・・・・・・・・・・・・・ | 5 | |
(Changes in Accounting Principles) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 5 | |
(Additional Information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 5 | |
Supplementary Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 6 |
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The Gunma Bank, Ltd.
Financial Results for the 1st Quarter of FY 2022
1. Qualitative Information
(1) Qualitative Information related to the Results of Operations
Operating results for the first quarter of the consolidated fiscal year under review were as follows. Ordinary income amounted to 46,031 million of yen , an increase of 1,263 million of yen year on year, mainly due to increases in other income such as gain on sales of stock and other securities, etc. Ordinary expenses amounted to 34,099 million of yen, an increase of 6,426 million of yen year on year, mainly due to increases in other ordinary expenses such as loss on sales of bonds, etc.
As a result, ordinary profit amounted to 11,932 million of yen, a decrease of 5,163 million of yen year on year. Also, profit attributable to owners of parent amounted to 8,612 million of yen, a decrease of 2,854 million of yen year on year.
(2) Qualitative Information related to the Financial Conditions
The financial status as of the end of the first quarter of the consolidated fiscal year under review was as follows. Total assets decreased by 852.3 billion of yen to 10,296.2 billion of yen during the period under review, whereas total liabilities decreased by 830.6 billion of yen to 9,788.6 billion of yen during the period under review.
Also, net assets decreased by 21.6 billion of yen to 507.6 billion of yen during the period under review.
As for the main accounts, loans and bills discounted increased by 9.2 billion of yen to 5,767.3 billion of yen during the period under review.
Securities decreased by 72.3 billion of yen to 2,428.6 billion of yen during the period under review. Deposits amounted to 7,959.3 billion of yen, the same level as the previous fiscal year.
(3) Qualitative Information related to the Consolidated Earnings Projections
Consolidated business forecast for the six months ending September 30, 2022 and the fiscal year ending March 31, 2023 remains unchanged from the figures announced on May 11, 2022.
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The Gunma Bank, Ltd.
Financial Results for the 1st Quarter of FY 2022
2.Quarterly Consolidated Financial Statements and Notes
(1) Quarterly Consolidated Balance Sheets
(Unit: million of yen) | ||
As of Mar. 31, 2022 | As of Jun. 30, 2022 | |
Assets: | ||
Cash and due from banks | 2,651,118 | 1,885,929 |
Call loans and bills bought | 6,119 | - |
Monetary claims bought | 5,706 | - |
Trading securities | 942 | 905 |
Money held in trust | 8,268 | 7,260 |
Securities | 2,501,019 | 2,428,650 |
Loans and bills discounted | 5,758,096 | 5,767,389 |
Foreign exchanges | 34,244 | 9,931 |
Lease receivables and investments in leases | 60,191 | 59,401 |
Other assets | 78,824 | 82,716 |
Tangible fixed assets | 66,191 | 65,853 |
Intangible fixed assets | 9,236 | 8,791 |
Retirement benefit asset | 10,813 | 11,362 |
Deferred tax assets | 1,488 | 11,802 |
Customers' liabilities for acceptances and guarantees | 8,764 | 8,521 |
Allowance for loan losses | (52,485) | (52,285) |
Total assets | 11,148,539 | 10,296,231 |
Liabilities: | ||
Deposits | 7,959,333 | 7,959,308 |
Negotiable certificates of deposit | 209,258 | 253,026 |
Call money and bills sold | 70,496 | 72,440 |
Securities sold under repurchase agreements | 8,153 | 8,374 |
Cash collateral received for securities lent | 732,995 | 475,307 |
Borrowed money | 1,500,795 | 882,138 |
Foreign exchanges | 534 | 346 |
Bonds payable | 50,000 | 40,000 |
Borrowed money from trust account | 12,056 | 12,526 |
Other liabilities | 57,106 | 67,387 |
Provision for bonuses for directors (and other officers) | 59 | 13 |
Retirement benefit liability | 362 | 369 |
Provision for retirement benefits for directors (and other officers) | 204 | 191 |
Provision for reimbursement of deposits | 367 | 337 |
Provision for point card certificates | 155 | - |
Provision for contingent loss | 900 | 936 |
Reserves under special laws | 0 | 0 |
Deferred tax liabilities | 359 | - |
Deferred tax liabilities for land revaluation | 7,377 | 7,377 |
Acceptances and guarantees | 8,764 | 8,521 |
Total liabilities | 10,619,283 | 9,788,604 |
Net assets: | ||
Share capital | 48,652 | 48,652 |
Capital surplus | 29,581 | 29,581 |
Retained earnings | 407,300 | 413,037 |
Treasury shares | (7,352) | (7,352) |
Total shareholders' equity | 478,181 | 483,919 |
Valuation difference on available-for-sale securities | 33,379 | 6,166 |
Deferred gains or losses on hedges | (137) | (156) |
Revaluation reserve for land | 13,415 | 13,415 |
Remeasurements of defined benefit plans | 4,417 | 4,282 |
Total accumulated other comprehensive income | 51,074 | 23,707 |
Total net assets | 529,256 | 507,626 |
Total liabilities and net assets | 11,148,539 | 10,296,231 |
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Gunma Bank Ltd. published this content on 02 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 August 2022 06:09:26 UTC.