July 30, 2021 Resona Holdings, Inc. Consolidated Financial Results for the First Quarter of Fiscal Year 2021 (Three months ended June 30, 2021/ Unaudited) <under Japanese GAAP> Code number: 8308 Stock exchange listings: Tokyo URL: https://www.resona-gr.co.jp/holdings/english/index.html Representative: Masahiro Minami, Director, President and Representative Executive Officer Contact: Hiroshi Saito, General Manager, Finance and Accounting Division Telephone: +81-3-6704-3111 Quarterly securities report issuing date: August 6, 2021 Dividends payment date: - Supplemental information for the financial results: Available Trading accounts: Established Quarterly investor meeting presentation: Scheduled (for institutional investors and analysts) Note: Amounts of less than one million yen are rounded down. 1. Consolidated Financial Results for the First Quarter of Fiscal Year 2021 (April 1, 2021- June 30, 2021) (1) Consolidated Operating Results (% represents the change from the same period in previous fiscal year) Ordinary Income Ordinary Profits Net Income Attributable to Owners of Parent Million yen % Million yen % Million yen % 1Q of FY2021 198,931 ( 8.9 ) 49,201 ( 54.9 ) 34,230 ( 56.9 ) 1Q of FY2020 182,750 ( -8.1 ) 31,769 ( -37.3 ) 21,821 ( -40.6 ) Note: Comprehensive Income: 1Q of FY2021: 69,331 million yen ( -37.6%) 1Q of FY2020: 111,125 million yen (1,939.3%) Net Income per Share of Common Stock Diluted Net Income per Share of Common Stock Yen Yen 1Q of FY2021 13.88 13.88 1Q of FY2020 9.49 9.49 (2) Consolidated Financial Conditions Total Assets Net Assets Net Assets Attributable to Stockholders to Total Assets Ratio Million yen Million yen % June 30, 2021 74,690,817 2,520,603 3.4 March 31, 2021 73,697,682 2,519,645 3.1 (Reference) Net Assets Attributable to Stockholders: June 30, 2021: 2,502,902 million yen March 31, 2021: 2,317,265 million yen Note: Net Assets Attributable to Stockholders to Total Assets Ratio is calculated at (Net assets at period-end minus Share award rights at period-end minus Stock acquisition rights at period-end minus Non-controlling interests at period-end) divided by Total assets at period-end. This ratio is not capital adequacy ratio defined in the “Notification on Consolidated Capital Adequacy.” 2. Dividends on Common Stock Dividends per Share 1st Quarter-end 2nd Quarter-end 3rd Quarter-end Fiscal Year-end Total Yen Yen Yen Yen Yen FY2020 - 10.50 - 10.50 21.00 FY2021 - FY2021(Forecast) 10.50 - 10.50 21.00 Note: Revision of forecasts for dividends from the latest announcement: No 3. Earnings Targets for Fiscal Year 2021 (April 1, 2021 - March 31, 2022) (% represents the change from the previous fiscal year) Net Income Attributable to Owners of Parent Net Income per Share of Common Stock FY2021 (Full year) Million yen % Yen 145,000 ( 16.5 ) 59.66 Notes: 1. Revision of earnings targets from the latest announcement: No 2. The Group provides financial services, including credit card administration, etc. in addition to the banking and trust asset management and a variety of uncertainty caused by the economic environment, such as a negative interest rate introduced by the Bank of Japan, spread of COVID-19, exists in the financial operation. Therefore, the Company discloses “Earnings targets” instead of “Earnings forecasts.”
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July 30, 2021
Resona Holdings, Inc. Consolidated Financial Results for the First Quarter of Fiscal Year 2021
(Three months ended June 30, 2021/ Unaudited) <under Japanese GAAP>
Code number: 8308 Stock exchange listings: Tokyo URL: https://www.resona-gr.co.jp/holdings/english/index.html Representative: Masahiro Minami, Director, President and Representative Executive Officer Contact: Hiroshi Saito, General Manager, Finance and Accounting Division Telephone: +81-3-6704-3111 Quarterly securities report issuing date: August 6, 2021 Dividends payment date: - Supplemental information for the financial results: Available Trading accounts: Established Quarterly investor meeting presentation: Scheduled (for institutional investors and analysts)
Note: Amounts of less than one million yen are rounded down.
1. Consolidated Financial Results for the First Quarter of Fiscal Year 2021 (April 1, 2021- June 30, 2021)
(1) Consolidated Operating Results (% represents the change from the same period in previous fiscal year)
Ordinary Income Ordinary Profits Net Income Attributable to
1Q of FY2020 182,750 ( -8.1 ) 31,769 ( -37.3 ) 21,821 ( -40.6 ) Note: Comprehensive Income: 1Q of FY2021: 69,331 million yen ( -37.6%) 1Q of FY2020: 111,125 million yen (1,939.3%)
Net Income per Share of Common Stock
Diluted Net Income per Share of Common Stock
Yen Yen
1Q of FY2021 13.88 13.88
1Q of FY2020 9.49 9.49
(2) Consolidated Financial Conditions
Total Assets Net Assets Net Assets Attributable to
Stockholders to Total Assets Ratio
Million yen Million yen %
June 30, 2021 74,690,817 2,520,603 3.4
March 31, 2021 73,697,682 2,519,645 3.1
(Reference) Net Assets Attributable to Stockholders: June 30, 2021: 2,502,902 million yen March 31, 2021: 2,317,265 million yen Note: Net Assets Attributable to Stockholders to Total Assets Ratio is calculated at (Net assets at period-end minus Share award rights
at period-end minus Stock acquisition rights at period-end minus Non-controlling interests at period-end) divided by Total assets at period-end. This ratio is not capital adequacy ratio defined in the “Notification on Consolidated Capital Adequacy.”
2. Dividends on Common StockDividends per Share
1st Quarter-end
2nd
Quarter-end 3rd
Quarter-end Fiscal
Year-end Total
Yen Yen Yen Yen Yen
FY2020 - 10.50 - 10.50 21.00
FY2021 -
FY2021(Forecast) 10.50 - 10.50 21.00
Note: Revision of forecasts for dividends from the latest announcement: No
3. Earnings Targets for Fiscal Year 2021 (April 1, 2021 - March 31, 2022)(% represents the change from the previous fiscal year)
Net Income Attributable to Owners of Parent
Net Income per Share of Common Stock
FY2021 (Full year)
Million yen % Yen
145,000 ( 16.5 ) 59.66
Notes: 1. Revision of earnings targets from the latest announcement: No
2. The Group provides financial services, including credit card administration, etc. in addition to the banking and trust asset
management and a variety of uncertainty caused by the economic environment, such as a negative interest rate introduced by
the Bank of Japan, spread of COVID-19, exists in the financial operation. Therefore, the Company discloses “Earnings targets”
instead of “Earnings forecasts.”
Resona Holdings, Inc.
Financial Results for 1Q of FY2021
※ Other
(1) Changes in significant subsidiaries during the period : No
New : Not applicable
Excluded : Not applicable
(2) Adoption of any particular accounting methods for quarterly consolidated financial statements: No
(3) Changes in Accounting Policies, Changes in Accounting Estimates and Restatements
A) Changes due to revision of accounting standards : Yes
B) Changes due to other reasons : No
C) Changes in accounting estimates : No
D) Restatements : No
Note: For more details, please refer to “Consolidated Financial Statements (5) Changes in Accounting Policies” on page 4 of the attachment.
(4) Number of Shares of Common Stock Outstanding
A) Total outstanding shares including treasury stock at the end of the period June 30, 2021 : 2,512,049,555 shares
March 31, 2021 : 2,302,829,191 shares
B) Treasury stock at the end of the period June 30, 2021 : 93,082,452 shares
March 31, 2021 : 5,837,458 shares
C) Average outstanding shares during the period 1Q of FY2021 : 2,464,922,530 shares
1Q of FY2020 : 2,297,754,588 shares
Note: Treasury stock at the end of the period included the stocks owned by ESOP-type Stock Benefit Trust for the Employee Shareholding Association.
June 30, 2021 : 4,090,500 shares March 31, 2021 : 4,840,100 shares
Forecasted average number of shares of common stock (excluding treasury stock): 2,430,424,484 shares
Note: Status of the quarterly review process
This report is out of the scope of the external auditor’s review procedure which is required by “Financial Instruments and Exchange Act.” Note: Disclaimer regarding Forward-looking Statements
This report contains forward-looking statements, which are based on the information currently available and certain assumptions the Company considers to be reasonable. Risks, uncertainties and other factors may cause actual results, performance, achievements or financial position to be materially different from any future results, performance, achievements or financial position expressed or implied by these forward-looking statements. Resona Holdings does not revise the full year targets announced in May 2021, at this point in time.
Gains on disposal of fixed assets 791 159Extraordinary losses 513 269
Losses on disposal of fixed assets 268 127Impairment losses on fixed assets 244 142
Income before income taxes 32,048 49,091
Income taxes – current 8,398 12,674Income taxes – deferred 502 2,150Total income taxes 8,901 14,825Net income 23,146 34,265Net income attributable to non-controlling interests 1,325 35Net income attributable to owners of parent 21,821¥ 34,230¥
[Consolidated Statements of Comprehensive Income]
(Millions of yen)
Net income 23,146¥ 34,265¥ Other comprehensive income 87,979 35,065
Net unrealized gains (losses) on available-for-sale securities 95,761 32,637Net deferred gains (losses) on hedges (1,809) (2,150)Foreign currency translation adjustments (8,123) 2,851Remeasurements of defined benefit plans 2,128 1,709
22 17
Total comprehensive income 111,125¥ 69,331¥
Total comprehensive income attributable to:
Owners of parent 109,788¥ 68,582¥
Non-controlling interests 1,337¥ 748¥
First Quarter of FY2020
From April 1, 2020
to June 30, 2020
First Quarter of FY2021
From April 1, 2021
to June 30, 2021
First Quarter of FY2020
From April 1, 2020
to June 30, 2020
First Quarter of FY2021
From April 1, 2021
to June 30, 2021
Share of other comprehensive income of affiliates accounted for using
the equity method
-3-
Resona Holdings, Inc.
Financial Results for 1Q of FY2021
(3) Note on Going-Concern Assumption
Not applicable
(4) Note for Significant Changes in the Amount of Stockholders’ Equity
For the First Quarter of Fiscal Year 2021 (April 1, 2021- June 30, 2021)
(Millions of yen)
Balance at the beginning of the fiscal year 50,552¥ 15,769¥ 1,796,476¥ (2,478)¥ 1,860,319¥
Total liabilities ¥ 31,930,324 100.00 ¥ 32,027,022 100.00
Notes:1. Figures in the above table exclude trusts whose monetary value cannot be reliably estimated.
2. Subsidiaries subject to aggregation are Resona Bank, Limited, Saitama Resona Bank, Limited
and Kansai Mirai Bank, Limited.
Liabilities
March 31, 2021 June 30, 2021
Assets
March 31, 2021 June 30, 2021
-6-
Resona Holdings, Inc.
Financial Information for 1Q of FY2021
I. Highlights of Financial Results for the First Quarter of FY2021
1. Statements of income I 1-4
2. Claims disclosure according to the Financial Reconstruction Act I 5-6
3. Unrealized gains/(losses) on marketable securities I 7
4. Balance of deposits and loans I 8
<Reference> Domestic breakdown of individual, corporate and other deposits I 9
<Reference> Balance of investment trust and other investment products for individual customers I 10
II. Reference Materials (Consolidated Financial Statements)
Kansai Mirai Financial Group II 1-4
Reference Material for the First Quarter of FY2021
[Contents]
[Total of group banks under Resona Holdings (Resona HD)]
Sum of non-consolidated figures for Resona Bank (including the trust account), Saitama Resona Bank, and total
of banks under Kansai Mirai Financial Group
[Total of banks under Kansai Mirai Financial Group (KMFG)]
Sum of non-consolidated figures for Kansai Mirai Bank and Minato Bank
Note 1: Figures reported herein are unaudited.Note 2: Capital adequacy ratio will be announced soon after the calculation is completed.Note 1: Figures reported herein are unaudited.Note 2: Capital adequacy ratio will be announced soon after the calculation is completed.
Resona Holdings, Inc.
Financial Information for 1Q of FY2021
1. Statements of income(1)Resona Holdings (Consolidated) (Millions of yen)
2. Public bond: Government bonds, local government bonds, and government-guaranteed bonds in custody accounts (amounts in par value and on a delivery date basis)
3. Insurance: based on insurance premiums paid (yen equivalent)
Public bond
Insurance
Investment trust (Including fund wrap)
Public bond
Insurance
Notes: 1. Investment trust: based on market prices at each period-end
Investment trust (Including fund wrap)
Public bond
Insurance
Investment trust (Including fund wrap)
Insurance
Public bond
Investment trust (Including fund wrap)
End of Jun.
2021 (A)
End of Mar.
2021 (B)
End of Jun.
2020 (C)
Investment trust (Including fund wrap)
Public bond
Insurance
Investment trust (Including fund wrap)
Public bond
Insurance
I-10
Kansai Mirai Financial Group, Inc.
Ⅱ.Reference Materials(Consolidated Financial Statements of Kansai Mirai FG)
【Consolidated Financial Results】
(% represents the change from the same period in previous fiscal year)
45,789 million yen (5.1%) 8,773 million yen (357.1%) 6,422 million yen (231.3%)
43,556 million yen (-3.2%) 1,919 million yen ( -40.5%) 1,938 million yen (-6.8%)
Total Assets Net Assets
15,182,554 million yen 484,025 million yen
14,602,919 million yen 477,696 million yen
Net Income per Share of
Common Stock
17.24 yen
5.20 yen
【Consolidated Balance Sheets】(Millions of yen)
Assets
Cash and due from banks ¥ 3,470,799 ¥ 3,968,177
Monetary claims bought 679 692
Trading securities 35 35
Securities 1,285,757 1,315,997
Loans and bills discounted 9,523,190 9,577,381
Foreign exchange assets 19,408 21,261
Lease receivables and investments in leases 34,007 32,530
Other assets 146,295 144,872
Tangible fixed assets 99,047 98,721
Intangible fixed assets 4,736 4,818
Net defined benefit asset 22,261 22,490
Deferred tax assets 27,756 24,717
Customers’ liabilities for acceptances and guarantees 26,096 28,140
Reserve for possible loan losses (57,155) (57,282)
Total Assets ¥ 14,602,919 ¥ 15,182,554
March 31, 2021 June 30, 2021
1Q of FY2021
1Q of FY2020
June 30, 2021
March 31, 2021
1Q of FY2021
1Q of FY2020
Ordinary Income Ordinary ProfitsNet Income Attributable to
Owners of Parent
II-1
Kansai Mirai Financial Group, Inc.
【Consolidated Balance Sheets- Continued】
(Millions of yen)
Liabilities and Net Assets
Liabilities
Deposits ¥ 11,087,191 ¥ 11,394,464
Negotiable certificates of deposit 231,460 250,560
Call money and bills sold 1,032,030 1,105,458
Payables under securities lending transactions 20,109 113,825
Borrowed money 1,606,374 1,685,483
Foreign exchange liabilities 456 406
Other liabilities 100,724 102,824
Reserve for employees’ bonuses 4,749 1,891
Net defined benefit liability 9,622 9,514
Other reserves 5,887 5,622
Deferred tax liabilities 520 337
Acceptances and guarantees 26,096 28,140
Total Liabilities 14,125,222 14,698,529
Net Assets
Capital stock 29,589 29,589
Capital surplus 309,389 309,050
Retained earnings 135,806 138,137
Treasury stock (339) -
Total stockholders’ equity 474,446 476,778
Net unrealized gains on available-for-sale securities 5,795 9,887
Net deferred gains on hedges (15) (16)
Remeasurements of defined benefit plans (3,967) (3,785)
Total accumulated other comprehensive income 1,812 6,085
Stock acquisition rights 279 -
Non-controlling interests 1,157 1,161
Total Net Assets 477,696 484,025
¥ 14,602,919 ¥ 15,182,554
June 30, 2021
Total Liabilities and Net Assets
March 31, 2021
II-2
Kansai Mirai Financial Group, Inc.
(Millions of yen)
Ordinary income ¥ 43,556 ¥ 45,789
Interest income 27,795 26,981
Interest on loans and bills discounted 24,981 24,671
Interest and dividends on securities 2,195 1,361
Fees and commissions 9,553 12,485
Other operating income 4,243 5,084
Other ordinary income 1,964 1,237
Ordinary expenses 41,636 37,016
Interest expenses 936 799
Interest on deposits 879 763
Fees and commissions 3,941 3,792
Other operating expenses 3,059 3,536
General and administrative expenses 28,239 26,997
Other ordinary expenses 5,460 1,889
Ordinary profits 1,919 8,773
Extraordinary gains 789 413
Gains on disposal of fixed assets 789 133
Gain on reversal of stock acquisition rights - 279
Extraordinary losses 94 147
Losses on disposal of fixed assets 94 78
Impairment losses on fixed assets - 68
Income before income taxes 2,614 9,038
Income taxes – current 552 1,511
Income taxes – deferred 135 1,098
Total income taxes 688 2,609
Net income 1,926 6,429
Net income (loss) attributable to non-controlling interests (12) 6
Net income attributable to owners of parent ¥ 1,938 ¥ 6,422
First Quarter of FY2020
From April 1, 2020
to June 30, 2020
First Quarter of FY2021
From April 1, 2021
to June 30, 2021
【Consolidated Statements of Income】
II-3
Kansai Mirai Financial Group, Inc.
(Millions of yen)
Net income ¥ 1,926 ¥ 6,429
Other comprehensive income 6,932 4,273
Net unrealized gains /(losses) on available-for-sale securities 6,654 4,091