The Gunma Bank,Ltd.
February 3, 2022
The Gunma Bank, Ltd.
Financial Results for the Third Quarter of Fiscal Year 2021, ending March 31, 2022
Stock Exchange Listing: | Tokyo(code:8334) | |||||||||
URL: | https://www.gunmabank.co.jp/ | |||||||||
Representative: | Akihiko Fukai, President | |||||||||
For Inquiry: | Takeo Uchibori, Managing Executive Officer and General Manager, | |||||||||
Corporate Planning Department | ||||||||||
Filing date of Financial Statements: | February 4, 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. Financial Highlights (from April 1, 2021 to December 31, 2021) | ||||||||||
(1) Consolidated Operating Results | (%:Changes from corresponding period of the previous fiscal year) | |||||||||
Ordinary Income | Ordinary Profit | Profit Attributable to | ||||||||
Owners of Parent | ||||||||||
Third Quarter | million of yen | % | million of yen | % | million of yen | % | ||||
Ended Dec.31, 2021 | 113,437 | 4.7 | 33,212 | 31.5 | 23,417 | 26.8 | ||||
Ended Dec.31, 2020 | 108,319 | (2.4) | 25,253 | (17.9) | 18,470 | (15.8) | ||||
(Note) Comprehensive Income | Third Quarter ended Dec. 31, 2021: 17,501 million of yen [ (64.7)%] | ||||
Third Quarter ended Dec. 31, 2020: 49,541 million of yen [ | 51.3 %] | ||||
Profit per Share | Profit per Share | (Diluted) | |||
Third Quarter | yen | yen | |||
Ended Dec.31, 2021 | 55.83 | ― | |||
Ended Dec.31, 2020 | 43.98 | ― | |||
(2) Consolidated Financial Conditions | |||||
Total Assets | Total Net Assets | Capital Assets to | |||
Total Assets | |||||
As of | million of yen | million of yen | % | ||
Dec.31, 2021 | 11,074,330 | 557,143 | 5.0 | ||
Mar.31, 2021 | 10,615,756 | 548,093 | 5.2 |
(Reference) Capital assets as of | Dec. 31, 2021 | : 557,143 million of yen; | Mar. 31, 2021 : 548,093 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, 2021 | ― | 6.00 | ― | 7.00 | 13.00 |
Ending Mar. 31, 2022 | ― | 7.00 | ― | ||
Ending Mar. 31, 2022(Projection) | 7.00 | 14.00 | |||
(Note) Revisions of released cash dividends projections: No |
3. Consolidated Earnings Projections for Fiscal year 2021 | (from April 1, 2021 to March 31, 2022) | ||||||
(%:Changes from the previous fiscal year) | |||||||
Ordinary Profit | Profit Attributable to | Profit per Share | |||||
Owners of Parent | |||||||
Fiscal Year 2021 | million of yen | % | million of yen | % | yen | ||
Ending Mar. 31, 2022 | 37,000 | 84.2 | 26,000 | 92.6 | 62.22 | ||
(Note) Revisions of released earnings projections: No
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The Gunma Bank,Ltd. | ||||
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) : | Dec. 31, 2021 | 435,888,177 | Shares | |
Mar. 31, 2021 | 435,888,177 | Shares | ||
② Number of treasury shares : | Dec. 31, 2021 | 22,850,274 | Shares | |
Mar. 31, 2021 | 15,548,367 | Shares | ||
③ Average number of issued shares : | Nine months ended Dec. 31, 2021 | 419,468,869 | Shares | |
Nine months ended Dec. 31, 2020 | 420,005,145 | Shares |
This quarterly report is not subject to the quarterly review.
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.
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The Gunma Bank,Ltd.
Table of Contents
1. | Qualitative Information | ||
(1) | Qualitative Information related to the Results of Operations | ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 4 |
(2) | Qualitative Information related to the Financial Conditions | ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 4 |
(3) | Qualitative Information related to the Consolidated Earnings Projections ・・・・・・・・・・・・・・・・・・・・・・・・・・ | 4 |
2. Quarterly Consolidated Financial Statements
- Quarterly Consolidated Balance Sheets ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5
(2) Quarterly Consolidated Statements of Income and Comprehensive Income ・・・・・・・・・・・・・・・・・・・・・・・・・ 6
3. Notes to the Quarterly Consolidated Financial Statements
(Notes on Going Concern Assumption) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 7
(Note on Significant Changes in The Amounts of Shareholders' Equity) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 7 |
(Changes in accounting principles) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 7 |
(Additional Information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 7 |
Supplementaly Information ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ | 8 |
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The Gunma Bank,Ltd.
1. Qualitative Information
(1) Qualitative Information related to the Results of Operations
Operating results for the third quarter of the consolidated fiscal year under review were as follows. Ordinary income amounted to 113,437 million of yen , an increase of 5,118 million of yen year on year, mainly due to increases in interest income such as interest and dividends on securities. Ordinary expenses amounted to 80,225 million of yen, a decrease of 2,840 million of yen year on year, mainly due to decreases in other expenses such as net transfer to allowance for loan losses. As a result, ordinary profit amounted to 33,212 million of yen, an increase of 7,958 million of yen year on year. Also, profit attributable to owners of parent amounted to 23,417 million of yen,
an increase of 4,946 million of yen year on year.
(2) Qualitative Information related to the Financial Conditions
The financial status as of the end of the third quarter of the consolidated fiscal year under review was as follows. Total assets increased by 458.5 billion of yen to 11,074.3 billion of yen during the period under review, whereas total liabilities increased by 449.5 billion of yen to 10,517.1 billion of yen during the period under review.
Also, net assets increased by 9.0 billion of yen to 557.1 billion of yen during the period under review.
As for the main accounts, loans and bills discounted decreased by 20.2 billion of yen to 5,668.6 billion of yen during the period under review.
Securities increased by 83.5 billion of yen to 2,486.0 billion of yen during the period under review. Deposits increased by 69.5 billion of yen to 7,811.2 billion of yen during the period under review.
(3) Qualitative Information related to the Consolidated Earnings Projections
Consolidated business forecast for the fiscal year ending March 31, 2022 remains unchanged from the figures announced on November 8, 2021.
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The Gunma Bank,Ltd. | ||||
2.Quarterly Consolidated Financial Statements | ||||
(1) Quarterly Consolidated Balance Sheets | ||||
(Unit: million of yen) | ||||
As of Mar. 31, 2021 | As of Dec. 31, 2021 | |||
Assets: | ||||
Cash and due from banks | 2,326,681 | 2,715,911 | ||
Monetary claims bought | 5,621 | 6,193 | ||
Trading securities | 823 | 1,089 | ||
Money held in trust | 11,268 | 6,668 | ||
Securities | 2,402,460 | 2,486,021 | ||
Loans and bills discounted | 5,688,847 | 5,668,638 | ||
Foreign exchanges | 14,947 | 12,828 | ||
Lease receivables and investments in leases | 59,528 | 59,280 | ||
Other assets | 71,348 | 74,198 | ||
Tangible fixed assets | 69,463 | 66,530 | ||
Intangible fixed assets | 9,956 | 9,479 | ||
Retirement benefit asset | 6,631 | 7,705 | ||
Deferred tax assets | 1,571 | 1,408 | ||
Customers' liabilities for acceptances and guarantees | 9,632 | 9,179 | ||
Allowance for loan losses | (63,028) | (50,804) | ||
Total assets | 10,615,756 | 11,074,330 | ||
Liabilities: | ||||
Deposits | 7,741,661 | 7,811,231 | ||
Negotiable certificates of deposit | 167,674 | 202,775 | ||
Call money and bills sold | 37,087 | 112,604 | ||
Securities sold under repurchase agreements | 4,992 | 2,628 | ||
Cash collateral received for securities lent | 669,024 | 789,038 | ||
Borrowed money | 1,291,081 | 1,455,873 | ||
Foreign exchanges | 162 | 384 | ||
Bonds payable | 50,000 | 50,000 | ||
Borrowed money from trust account | 8,953 | 11,403 | ||
Other liabilities | 66,683 | 49,991 | ||
Provision for bonuses for directors (and other officers) | 56 | 40 | ||
Retirement benefit liability | 368 | 362 | ||
Provision for retirement benefits for directors (and other officers) | 244 | 214 | ||
Provision for reimbursement of deposits | 533 | 404 | ||
Provision for point card certificates | 144 | 152 | ||
Provision for contingent loss | 900 | 906 | ||
Reserves under special laws | 0 | 0 | ||
Deferred tax liabilities | 10,636 | 12,613 | ||
Deferred tax liabilities for land revaluation | 7,823 | 7,380 | ||
Acceptances and guarantees | 9,632 | 9,179 | ||
Total liabilities | 10,067,663 | 10,517,187 | ||
Net assets: | ||||
Share capital | 48,652 | 48,652 | ||
Capital surplus | 29,581 | 29,581 | ||
Retained earnings | 391,382 | 409,113 | ||
Treasury shares | (8,838) | (11,310) | ||
Total shareholders' equity | 460,778 | 476,037 | ||
Valuation difference on available-for-sale securities | 71,541 | 65,300 | ||
Deferred gains or losses on hedges | (231) | (96) | ||
Revaluation reserve for land | 13,715 | 13,421 | ||
Foreign currency translation adjustment | (98) | - | ||
Remeasurements of defined benefit plans | 2,387 | 2,480 | ||
Total accumulated other comprehensive income | 87,314 | 81,105 | ||
Total net assets | 548,093 | 557,143 | ||
Total liabilities and net assets | 10,615,756 | 11,074,330 |
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Gunma Bank Ltd. published this content on 03 February 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 February 2022 06:08:09 UTC.