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Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any discrepancy between this translated document and the original Japanese document, the latter shall prevail.
Summary of Consolidated Financial Results
for the Year Ended March 31, 2021
(Based on Japanese GAAP)
Company name: | The Keiyo Bank, Ltd. | ||
Stock exchange listing: | Tokyo | ||
Stock code: | 8544 | URL https://www.keiyobank.co.jp/ | |
Representative: | President | Toshiyuki Kumagai | |
Inquiries: | General Manager of Accounting | Yukihiko Nezu | |
Corporate Planning Division | |||
Scheduled date of ordinary general meeting of shareholders: | June 25, 2021 | ||
Scheduled date to file Securities Report: | June 25, 2021 | ||
Scheduled date to commence dividend payments: | June 28, 2021 | ||
Trading accounts: | No | ||
Preparation of supplementary material on financial results: | Yes | ||
Holding of financial results meeting: | No |
May 12, 2021
TEL 043-306-2121
(Amounts less than one million yen are rounded down) | |||||||||||||||||||
1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021) | |||||||||||||||||||
(1) Consolidated operating results | Percentages indicate year-on-year changes | ||||||||||||||||||
Ordinary income | Ordinary profit | Profit attributable to | |||||||||||||||||
owners of parent | |||||||||||||||||||
Millions of yen | % | Millions of yen | % | Millions of yen | % | ||||||||||||||
Year ended March 31, 2021 | 62,957 | (7.5) | 11,987 | 46.5 | 7,383 | 32.6 | |||||||||||||
Year ended March 31, 2020 | 68,081 | 0.9 | 8,182 | (47.7) | 5,564 | (47.2) | |||||||||||||
Earnings per share | Diluted earnings per | Profit attributable to | Ordinary profit/total | Ordinary | |||||||||||||||
share | owners of | assets | profit/ordinary | ||||||||||||||||
parent/equity | income | ||||||||||||||||||
Yen | Yen | % | % | % | |||||||||||||||
Year ended March 31, 2021 | 56.52 | 56.32 | 2.5 | 0.2 | 19.0 | ||||||||||||||
Year ended March 31, 2020 | 42.52 | 42.39 | 1.9 | 0.1 | 12.0 | ||||||||||||||
(2) Consolidated financial position | |||||||||||||||||||
Total assets | Net assets | Equity ratio | Net assets per share | ||||||||||||||||
Millions of yen | Millions of yen | % | Yen | ||||||||||||||||
As of March 31, 2021 | 5,553,028 | 298,051 | 5.2 | 2,240.83 | |||||||||||||||
As of March 31, 2020 | 4,994,723 | 282,306 | 5.5 | 2,125.95 | |||||||||||||||
(3) Consolidated cash flows | |||||||||||||||||||
Cash flows from | Cash flows from | Cash flows from | Cash and cash equivalents | ||||||||||||||||
operating activities | investing activities | financing activities | at end of period | ||||||||||||||||
Millions of yen | Millions of yen | Millions of yen | Millions of yen | ||||||||||||||||
Year ended March 31, 2021 | 366,396 | (99,751) | (2,248) | 512,515 | |||||||||||||||
Year ended March 31, 2020 | 23,671 | (45,206) | (3,829) | 248,118 | |||||||||||||||
2. Cash dividends | |||||||||||||||||||
Annual dividends per share | Total cash | Dividend payout | Ratio of dividends | ||||||||||||||||
to net assets | |||||||||||||||||||
1st quarter-end | 2nd quarter-end | 3rd quarter-end | Fiscal year-end | Total | dividends (Total) | ratio (Consolidated) | (Consolidated) | ||||||||||||
Yen | Yen | Yen | Yen | Yen | Millions of yen | % | % | ||||||||||||
Year ended March 31, 2020 | - | 11.00 | - | 9.00 | 20.00 | 2,610 | 47.0 | 0.9 | |||||||||||
Year ended March 31, 2021 | - | 9.00 | - | 10.00 | 19.00 | 2,482 | 33.6 | 0.8 | |||||||||||
Year ending March 31, 2022 | - | 9.50 | - | 9.50 | 19.00 | 32.8 | |||||||||||||
(Forecast) | |||||||||||||||||||
1 |
3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes
Ordinary profit | Profit attributable to | Earnings per share | ||||
owners of parent | ||||||
Six months ending | Millions of yen | % | Millions of yen | % | Yen | |
5,600 | (10.7) | 3,700 | (12.4) | 28.51 | ||
September 30, 2021 | ||||||
Full year | 11,200 | (6.5) | 7,500 | 1.5 | 57.86 | |
4. Notes | ||||||
(1) Changes in significant subsidiaries during the year ended March 31, 2021 | No | |||||
(changes in specified subsidiaries resulting in the change in scope of consolidation): | ||||||
(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations: | No |
Changes in accounting policies due to other reasons: | No |
Changes in accounting estimates: | No |
Restatement of prior period financial statements: | No |
(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021 | 138,927,858 | shares | As of March 31, 2020 | 138,927,858 | shares | |
Number of treasury shares at the end of the period | ||||||
As of March 31, 2021 | 8,265,010 | shares | As of March 31, 2020 | 8,394,348 | shares | |
Average number of shares during the period | ||||||
Year ended March 31, 2021 | 130,631,503 | shares | Year ended March 31, 2020 | 130,874,973 | shares |
2
Consolidated financial statements
Consolidated balance sheets
(Millions of yen) | |||
As of March 31, 2020 | As of March 31, 2021 | ||
Assets | |||
Cash and due from banks | 250,132 | 514,412 | |
Call loans and bills bought | 3,980 | - | |
Trading securities | 3,931 | 3,656 | |
Money held in trust | - | 2,954 | |
Securities | 933,367 | 1,047,334 | |
Loans and bills discounted | 3,694,413 | 3,875,818 | |
Foreign exchanges | 3,498 | 7,739 | |
Other assets | 39,748 | 41,022 | |
Tangible fixed assets | 61,313 | 59,477 | |
Buildings, net | 25,388 | 23,642 | |
Land | 31,059 | 30,806 | |
Construction in progress | 134 | 583 | |
Other tangible fixed assets | 4,731 | 4,444 | |
Intangible fixed assets | 6,222 | 7,886 | |
Software | 1,966 | 2,160 | |
Software in progress | 4,056 | 5,557 | |
Other intangible fixed assets | 199 | 168 | |
Retirement benefit asset | - | 1,970 | |
Deferred tax assets | 6,809 | 3,197 | |
Customers' liabilities for acceptances and guarantees | 3,940 | 3,203 | |
Allowance for loan losses | (12,635) | (15,643) | |
Total assets | 4,994,723 | 5,553,028 | |
Liabilities | |||
Deposits | 4,665,243 | 4,926,199 | |
Negotiable certificates of deposit | 17,000 | 85,874 | |
Borrowed money | - | 216,600 | |
Foreign exchanges | 135 | 165 | |
Other liabilities | 15,242 | 14,569 | |
Provision for bonuses | 1,307 | 1,314 | |
Provision for bonuses for directors (and other officers) | 61 | 60 | |
Retirement benefit liability | 2,507 | 284 | |
Provision for retirement benefits for directors (and other | 2 | 5 | |
officers) | |||
Provision for loss on interest repayment | 5 | 2 | |
Provision for reimbursement of deposits | 799 | 589 | |
Provision for contingent loss | 1,165 | 1,023 | |
Deferred tax liabilities | 363 | 515 | |
Deferred tax liabilities for land revaluation | 4,639 | 4,570 | |
Acceptances and guarantees | 3,940 | 3,203 | |
Total liabilities | 4,712,416 | 5,254,977 |
3
(Millions of yen) | ||
As of March 31, 2020 | As of March 31, 2021 | |
Net assets | ||
Share capital | 49,759 | 49,759 |
Capital surplus | 39,704 | 39,704 |
Retained earnings | 171,957 | 177,123 |
Treasury shares | (8,432) | (8,301) |
Total shareholders' equity | 252,989 | 258,286 |
Valuation difference on available-for-sale securities | 20,065 | 27,015 |
Revaluation reserve for land | 7,198 | 7,040 |
Remeasurements of defined benefit plans | (2,744) | 451 |
Total accumulated other comprehensive income | 24,519 | 34,507 |
Share acquisition rights | 346 | 312 |
Non-controlling interests | 4,451 | 4,944 |
Total net assets | 282,306 | 298,051 |
Total liabilities and net assets | 4,994,723 | 5,553,028 |
4
Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income
(Millions of yen) | ||
Fiscal year ended | Fiscal year ended | |
March 31, 2020 | March 31, 2021 | |
Ordinary income | 68,081 | 62,957 |
Interest income | 47,930 | 47,810 |
Interest on loans and discounts | 36,557 | 36,097 |
Interest and dividends on securities | 10,818 | 11,151 |
Interest on call loans and bills bought | 87 | (3) |
Interest on deposits with banks | 466 | 564 |
Other interest income | 0 | 0 |
Fees and commissions | 10,849 | 11,648 |
Other ordinary income | 1,801 | 988 |
Other income | 7,499 | 2,510 |
Recoveries of written off receivables | 3 | 2 |
Other | 7,496 | 2,508 |
Ordinary expenses | 59,899 | 50,970 |
Interest expenses | 778 | 753 |
Interest on deposits | 454 | 323 |
Interest on negotiable certificates of deposit | 2 | 2 |
Interest on call money and bills sold | (12) | (5) |
Interest expenses on cash collateral received for securities | 334 | 433 |
lent | ||
Interest on borrowings and rediscounts | 0 | 0 |
Fees and commissions payments | 4,447 | 4,377 |
Other ordinary expenses | 471 | 2,201 |
General and administrative expenses | 37,067 | 36,647 |
Other expenses | 17,134 | 6,991 |
Provision of allowance for loan losses | 13,188 | 4,173 |
Other | 3,945 | 2,817 |
Ordinary profit | 8,182 | 11,987 |
Extraordinary income | 235 | 95 |
Gain on disposal of non-current assets | 235 | 95 |
Extraordinary losses | 329 | 1,217 |
Loss on disposal of non-current assets | 127 | 229 |
Impairment losses | 202 | 987 |
Profit before income taxes | 8,087 | 10,866 |
Income taxes - current | 5,514 | 4,124 |
Income taxes - deferred | (3,198) | (878) |
Total income taxes | 2,316 | 3,246 |
Profit | 5,771 | 7,620 |
Profit attributable to non-controlling interests | 206 | 236 |
Profit attributable to owners of parent | 5,564 | 7,383 |
5
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The Keiyo Bank Ltd. published this content on 19 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 19 May 2021 06:03:02 UTC.