東海東京フィナンシャル・ホールディングス（8616） – Consolidated Financial Summary (for the year ended March 31, 2022)

Consolidated Financial Summary (for the year ended March 31, 2022)Member of the Financial Accounting Standards FoundationApril 28, 2022URL: http://www.tokaitokyo-fh.jp/ Company Name: Stock Listings: Stock Code: Representative: Contact:Tokai Tokyo Financial Holdings, Inc.Tokyo Stock Exchange/Nagoya Stock Exchange8616Ichirou Gouda, PresidentJunichi TakahashiGeneral Manager – Finance Planning DepartmentTelephone: +81-(0)3-3517-8391 Scheduled date for general meeting of shareholders: Scheduled date for filing securities report: Scheduled day of commencing dividend payment: Supplementary explanation documents for earnings: Yes Earnings presentation for the fiscal year:June 28, 2022June 28, 2022June 29, 2022Yes (for financial analysts and institutional investors)1. Consolidated Financial Results for the Year Ended March 31, 2022 (from April 1, 2021 to March 31, 2022) (1) Consolidated Results of Operation (Figures in percentages denote the year-on-year change.)(Figures are rounded down to the nearest one million yen and those in parentheses are negative figures.)Operating revenueNet operating revenueOperating profitOrdinary profitYear ended March 31,2022March 31,2021million yen 80,97569,362 %16.712.4 (Note) Comprehensive income:million yenmillion yen %16.7 12.2 March 31, 2022: 13,593 million yen [4.6 %]78,24967,0419,8819,685March 31, 2021: 12,991 million yen [－%]Year ended March 31,2022March 31,2021 yen 52.9436.62Diluted net incomeper shareyen 52.7936.62Net income per shareReturn on equityReturn on assetsOperating income/Operating revenue %12.213.3 %0.91.0Profit attributable toowners of parentmillion yen %2.0－million yen 12,97912,548 %3.4－ 13,1509,094 %44.6229.1 (Reference) Share of profit of entities accounted for using equity method March 31, 2022: 1,179 million yen March 31, 2021: 1,591 million yen (Note) From the current consolidated fiscal year, the Company has made changes in the presentation method. Therefore, the operating income ofprevious year’s consolidated results of operation reflect that. (2) Consolidated Financial PositionTotal assetsAs ofMarch 31,2022March 31,2021 (Reference) Shareholders’ equity March 31, 2022: 172,730 million yen March 31, 2021: 165,572 million yenmillion yen 1,581,2311,416,569million yen 185,568172,684yen694.86666.65Net assetsEquity ratioNet asset per share (3) Consolidated Cash Flows PositionCash flowsfrom operationCash flowsfrom investmentCash flowsfrom financingCash andcash equivalentsmillion yen 5,672(73,074)million yen (23,011)(12,397)million yen 32,355104,805 million yen 98,44281,950Dividend per shareEnd of firstquarterEnd of secondquarterEnd of thirdquarterEnd of yearAnnualTotal cashdividends(annual)Dividendspayout ratio(consolidated)Net assetsdividend ratio(consolidated) Ended March 31, 2021yenyen8.0010.00 －－yen yen 14.0014.00 yen 22.0024.00 million yen 5,4645,963 % 60.145.3 % 3.43.5 －－ Ended March 31, 2022 Ending March 31, 2023 (Forecast)(Note)　1) The dividend of 8.00 yen at the end of second quarter for the year ending March 31, 2021 includes commemorative dividend　　　　　　 of 2.00 yen.－－－－－－ 2) The dividend of 14.00 yen at the end of year for the year ended March 31, 2021 includes commemorative dividend　　　 of 2.00 yen.Year ended March 31,2022March 31,20212. Dividends(Base date) %7.85.6% 10.911.73. Forecast of Consolidated Operating Results for Fiscal 2022 (from April 1, 2022 to March 31, 2023)The Group operates principally in the financial instruments business, and its operating results are likely to be affected by market fluctuations.Due to such nature of its business and consequential difficulty in predicting its performance, the Group does not disclose the forecast ofoperating results.* Notes(1) Important Changes in Subsidiaries during the Term (Changes Pursuant to the Subsidiaries that Lead to a Change in the Scope of Consolidation): Yes New : 2 companies (ACE Securities Co.,Ltd. , Maruhachi Securities Co.,Ltd. ) Exclusion : None(2) Changes in Accounting Policies or Estimates and Retrospective Restatements 1) Changes in accounting policies in accordance with revision of accounting standards: Yes 2) Changes in accounting policies other than item 1) above: None 3) Change in accounting estimates: None 4) Retrospective restatements: None (3) Number of Shares Issued (Common Stock) 1) Number of shares issued at the end of the term including treasury shares As of March 31, 2022: 260,582,115 2) Number of treasury shares at the end of the term As of March 31, 2021:260,582,115 March 31, 2011: As of March 31, 2022:11,999,455 As of March 31, 2021:12,218,314 3) Average number of shares outstanding Year ended March 31, 2022: 248,425,425 Year ended March 31, 2021: 248,364,809 (Reference) Non-consolidated Financial Results for the Year Ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(1) Non-consolidated Results of Operations (Figures in percentages denote the year-on-year change.)Year ended million yenMarch 31,2022March 31,2021Operating revenueOperating profitOrdinary profitNet income % million yen6,066(624) 86.7(54.0)15,3958,244million yen 6,811 264 %－ (97.6)million yen 6,349213 %－ (98.0)Net income per shareDiluted net incomeper shareYear ended yen March 31,2022March 31,2021 25.560.86 25.490.86 %－－yen (Note) From the current fiscal year, the Company has made changes in the presentation method. Therefore, the operating income ofprevious year’s Non-consolidated results of operation reflect that.(2) Non-consolidated financial positionTotal assetsNet assetsEquity ratioAs ofMarch 31,2022March 31,2021 million yen 251,859206,114 million yen 109,451109,030 Net assets per shareyen 438.30437.21 % 43.352.7 (Reference) Shareholders’ equity March 31, 2022: 108,954 million yenMarch 31, 2021: 108,587 million yen * This consolidated financial summary is exempt from certified public accountant and audit corporations * Note to proper use of forecast of operating results and other special remarks Dividends for the fiscal year ending March 31, 2023 have not been determined because it is difficult to forecast operating results, as described similarly in “3.Forecast of Consolidated Operating Results for Fiscal 2022.” * How to view supplementary explanation documents for earnings Supplementary explanation documents for earnings will be available on both Timely Disclosure network and our website on Thursday, April 28, 2022.Consolidated Financial Statements(1) Consolidated Balance SheetsAssetsCurrent assetsCash and depositsCash segregated as depositsCash segregated as deposits for customersCash segregated as deposits for othersTrading productsTrading securities and otherDerivativesMargin transaction assetsLoans on margin transactionsCash collateral pledged for securities borrowing on margintransactionsLoans secured by securitiesCash collateral pledged for securities borrowedLoans on Gensaki transactionsAdvances paidDeposits paid for underwritten offeringShort-term guarantee depositsShort-term loans receivableAccrued incomeOtherAllowance for doubtful accountsTotal current assetsNon-current assetsProperty, plant and equipmentIntangible assetsBuildingsEquipmentLandGoodwillSoftwareOtherTelephone subscription rightInvestments and other assetsInvestment securitiesLong-term guarantee depositsDeferred tax assetsRetirement benefit assetOtherAllowance for doubtful accountsTotal non-current assets(Unit: million yen)As ofMarch 31, 2021As ofMarch 31, 202283,58983,62280,8002,821588,098583,3914,706100,45034,36266,087407,82928,756379,0728,395－37,91514,4924,18914,196(101)10,7403,9143,5253,3005,5941,5142,532341,51357,55748,1553,862354,4461,423(364)73,893100,36074,64871,2253,423529,440518,52710,913135,34743,33592,011551,58395,899455,6836,00615460,36536,7406,4964,66210,4783,8553,3223,3007,5851,2475,8793342557,45944,2065,511666,6181,389(332)75,5231,342,676(99)1,505,707Total assets1,416,5691,581,231 – 1 -LiabilitiesCurrent liabilitiesTrading productsTrading securities and otherDerivativesTrade date accrualMargin transaction liabilitiesBorrowings on margin transactionsCash received for securities lending on margin transactionsBorrowings secured by securitiesCash received on debt credit transaction of securitiesBorrowings on Gensaki transactionsDeposits receivedGuarantee deposits receivedShort-term borrowingsShort-term bonds payableCurrent portion of bonds payableIncome taxes payableProvision for bonusesProvision for bonuses for directors (and other officers)OtherTotal current liabilitiesNon-current liabilitiesBonds payableLong-term borrowingsDeferred tax liabilitiesProvision for retirement benefits for directors (and other officers)Retirement benefit liabilityOtherTotal non-current liabilitiesReserves under special lawsReserve for financial instruments transaction liabilitiesTotal reserves under special lawsTotal liabilitiesNet assetsShareholders’ equityShare capitalCapital surplusRetained earningsTreasury sharesTotal shareholders’ equityAccumulated other comprehensive incomeValuation difference on available-for-sale securitiesForeign currency translation adjustmentRemeasurements of defined benefit plansTotal accumulated other comprehensive incomeShare acquisition rightsNon-controlling interestsTotal net assetsTotal liabilities and net assets (Unit: million yen)As ofMarch 31, 2021As ofMarch 31, 2022379,293370,3718,9219,24011,5559,1282,426368,6714,123364,54772,41912,626244,78616,00017,5102,4142,283576,2141,143,07311,86384,2001,290921632,566100,1766356351,243,88436,00024,587107,390(5,292)162,6851,490(571)1,9672,8864426,669172,6841,416,569444,613431,95912,65378,17018,07213,3134,759326,72554,073272,65269,60922,627234,36414,50027,5941,1872,3877014,9221,254,84528,585107,3001,4681142562,389140,1147037031,395,66336,00024,569114,580(5,197)169,9521,083871,6072,77849712,340185,5681,581,231- 2 -(2) Consolidated Statements of Income and Comprehensive IncomeConsolidated Statements of IncomeOperating revenueCommission receivedBrokerage commissionCommission for underwriting, secondary distribution andsolicitation for selling and others for professional investorsFee for offering, secondary distribution and solicitation forselling and others for professional investorsOther fees receivedSelling, general and administrative expensesNet trading incomeFinancial revenueTotal operating revenueFinancial expensesNet operating revenueTrading related expensesPersonnel expensesReal estate expensesOffice expensesDepreciationTaxes and duesOtherOperating profitNon-operating incomeDividend incomeProvision of allowance for doubtful accountsTotal selling, general and administrative expensesShare of profit of entities accounted for using equity methodGain on investments in investment partnershipsGain on sale of investment securitiesGain on valuation of investment securitiesLoss on investments in investment partnershipsOtherTotal non-operating incomeNon-operating expensesForeign exchange lossesOtherTotal non-operating expensesOrdinary profitYear endedMarch 31, 2021(Unit: million yen)Year endedMarch 31, 202231,17313,9361,0766,4619,70034,0084,18069,3622,32167,04110,21027,5016,7946,7563,185761,3671,46357,3559,6856301,591530－2911903,234287－8337137,57513,9291,3339,93912,37233,9989,40180,9752,72678,24913,12732,3207,7328,6452,90211,7841,85268,3689,8816721,1794624144381733,34120473124312,54812,979 – 3 -Extraordinary incomeGain on sales of non-current assetsGain on sales of investment securitiesGain on bargain purchaseGain on reversal of share acquisition rightsTotal extraordinary incomeExtraordinary lossesLoss on sales of non-current assetsImpairment lossLoss on sales of investment securitiesLoss on valuation of investment securitiesLoss on change in equityLoss on step acquisitionsExtra retirement paymentsCancellation penaltyRestoration costTotal extraordinary lossesProfit before income taxesIncome taxes-currentIncome taxes for prior periodsIncome taxes-deferredTotal income taxesProfitProfit attributable to non-controlling interestsProfit attributable to owners of parentProvision of reserve for financial instruments transaction liabilitiesYear endedMarch 31, 2021(Unit: million yen)Year endedMarch 31, 20221741931013174－215－－－－－163812,8272,152795312,76410,0629689,094662498,268－8,584288594348363425127112,4733,73617,8283,882－2414,12413,70455313,150 – 4 -Consolidated Statements of Comprehensive IncomeProfitOther comprehensive incomeValuation difference on available-for-sale securitiesForeign currency translation adjustmentRemeasurements of defined benefit plans, net of taxShare of other comprehensive income of entities accountedfor using equity methodTotal other comprehensive incomeComprehensive income(Comprehensive income attributable to)Owners of parentNon-controlling interestsYear endedMarch 31, 2021(Unit: million yen)Year endedMarch 31, 202210,06213,7041,571(184)1,3971442,92812,99112,023968(412)653(360)7(110)13,59313,042551 – 5 -(3) Consolidated Statements of Changes in Equity Year ended March 31, 2021（Fiscal 2020）Shareholders’ equitySharecapitalCapitalsurplusRetainedearningsTreasurysharesBalance at the beginning of current period36,00024,587101,276(5,292)(Unit: million yen)Totalshareholders’equity156,572(2,980)9,094(0)－－(2,980)9,094(0)Total changes of items during period－－Balance at the end of current period36,00024,5876,114107,390(0)6,113(5,292)162,685Accumulated other comprehensive incomeValuationdifference onavailable-for-salesecuritiesForeigncurrencytranslationadjustmentRemeasurementsof defined benefitplansTotalaccumulatedothercomprehensive income(Unit: million yen)ShareacquisitionrightsNon-controllinginterestsTotal netassetsBalance at the beginning of current period(151)(390)500(41)4783,395160,404Changes of items during the periodDividends from surplusProfit attributable to owners of parentPurchase of treasury sharesDisposal of treasury sharesChange in ownership interest of parentdue to transactions with non-controllinginterestsNet changes of items other thanshareholders’ equityChanges of items during the periodDividends from surplusProfit attributable to owners of parentPurchase of treasury sharesDisposal of treasury sharesChange in ownership interest of parentdue to transactions with non-controllinginterestsNet changes of items other thanshareholders’ equityTotal changes of items during periodBalance at the end of current period1,6411,6411,490(181)(181)(571)1,4671,4671,9672,9282,9282,886(36)(36)4423,2733,2736,6696,16612,279172,684(2,980)9,094(0)－－- 6 – Year ended March 31, 2022（Fiscal 2021）Shareholders’ equitySharecapitalCapitalsurplusRetainedearningsTreasurysharesBalance at the beginning of current period36,00024,587107,390(5,292)(Unit: million yen)Totalshareholders’equity162,685(0)95(5,960)13,150(0)770(5,960)13,150(17)0Changes of items during the periodDividends from surplusProfit attributable to owners of parentPurchase of treasury sharesDisposal of treasury sharesChange in ownership interest of parentdue to transactions with non-controllinginterestsNet changes of items other thanshareholders’ equityTotal changes of items during periodBalance at the end of current period－36,000(17)24,5697,189114,580947,266(5,197)169,952Accumulated other comprehensive incomeForeigncurrencytranslationadjustmentRemeasurementsof defined benefitplansTotalaccumulatedothercomprehensive incomeValuationdifference onavailable-for-salesecurities1,490(Unit: million yen)ShareacquisitionrightsNon-controllinginterestsTotal netassetsBalance at the beginning of current period(571)1,9672,8864426,669172,684Changes of items during the periodDividends from surplusProfit attributable to owners of parentPurchase of treasury sharesDisposal of treasury sharesChange in ownership interest of parentdue to transactions with non-controllinginterestsNet changes of items other thanshareholders’ equityTotal changes of items during periodBalance at the end of current period(5,960)13,150(0)770(407)(407)1,08365865887(360)(360)1,607(108)(108)2,77854544975,6705,6165,67012,34012,883185,568- 7 -(4) Consolidated Statements of Cash FlowsCash flows from operating activitiesIncome before income taxesDepreciationAmortization of goodwillShare of (profit) loss of entities accounted for using equity methodIncrease (decrease) in net defined benefit liabilityIncrease (decrease) in provision for directors’ retirement benefitsIncrease (decrease) in allowance for doubtful accountsInterest and dividend incomeInterest expensesImpairment lossLoss (gain) on sales of non-current assetsLoss (gain) on sale of investment securitiesLoss (gain) on valuation of investment securitiesLoss (gain) on change in equityGain on negative goodwillLoss (gain) on step acquisitionsGain on reversal of share acquisition rightsDecrease (increase) in cash segregated as deposits for customersDecrease (increase) in trading products -assetsIncrease (decrease) in trading products -liabilitiesDecrease (increase) in margin transaction assetsIncrease (decrease) in margin transaction liabilitiesDecrease (increase) in loans secured by securitiesIncrease (decrease) in loans payable secured by securitiesIncrease (decrease) in deposits receivedIncrease (decrease) in guarantee deposits receivedDecrease (increase) in other assetsIncrease (decrease) in other liabilitiesSubtotalInterest and dividend income receivedInterest expenses paidIncome taxes (paid) refundNet cash provided by (used in) operating activitiesYear endedMarch 31, 2021(Unit: million yen)Year endedMarch 31, 202212,8273,185146(1,591)(667)2876(4,810)2,321－(12)(2)15－(193)－(101)(31,499)(165,715)37,149(1,182)2,611(65,960)157,11326,093(1,621)(5,130)(39,618)(76,538)3,943(2,285)1,806(73,074)17,8282,902281(1,179)(990)21(34)(10,074)2,72685(38)(568)(90)36(8,268)2,473－17,37560,76165,319(24,714)3,974(143,754)(41,945)(9,966)8,597(12,702)76,8094,8668,481(2,167)(5,507)5,672 – 8 -Net cash provided by (used in) investing activities(12,397)(23,011)Cash flows from investing activitiesShort-term loan advancesCollection of short-term loans receivablePurchase of property, plant and equipmentProceeds from sales of property, plant and equipmentPurchase of intangible assetsPurchase of investment securitiesProceeds from sales of investment securitiesPurchase of shares of subsidiaries resulting in change in scopeof consolidationProceeds from purchase of shares of subsidiaries resulting in change inscope of consolidationPurchase of shares of subsidiaries and associatesPayments for guarantee depositsProceeds from collection of guarantee deposits Other, netCash flows from financing activitiesNet increase (decrease) in short-term loans payableProceeds from long-term loans payableRepayments of long-term loans payableProceeds from issuance of short-term bondsRedemption of short-term bondsProceeds from issuance of bondsRedemption of bondsProceeds from exercise of stock option Net decrease (increase) in treasury sharesCash dividends paidProceeds from share issuance to non-controlling interestsRepayments to non-controlling shareholdersDividends paid to non-controlling interestsOther, netNet cash provided by (used in) financing activitiesEffect of exchange rate changes on cash and cash equivalentsNet increase (decrease) in cash and cash equivalentsCash and cash equivalents at beginning of periodCash and cash equivalents at end of periodYear endedMarch 31, 2021(Unit: million yen)Year endedMarch 31, 2022(15,094)(27,696)3,537(311)154(1,880)(1,179)2,169(19)－(629)(218)460615114,63013,200(16,420)60,000(60,000)27,877(33,101)－(0)(2,973)2,444(119)(19)(711)104,805(583)18,74963,20181,9505,469(1,062)120(3,120)(3,141)2,983－4,539(1,001)(307)16640(5,972)26,100(7,509)81,600(83,100)60,493(33,687)67(0)(5,961)1,194(65)(150)(653)32,3551,47416,49181,95098,442 – 9 -Supplementary Information(1) Breakdown of Commission Received and Net Trading Income① Commission received (ⅰ) By itemYear endedMarch 31, 2021Year endedMarch 31, 2022 (Unit: million yen)Yr/Yr % change(0.0) %Increase(Decrease)Brokerage commissionStocksBondsBeneficiary certificatesCommission for underwriting, secondarydistribution and solicitation for selling andothers for professional investors　　　　Stocks　　　　BondsFee for offering, secondary distributionand solicitation for selling and others forprofessional investors　　　　Beneficiary certificates　 Other commissionsOther fees received　　　　Beneficiary certificatesTotal (ⅱ) By product　Stocks　Bonds　Others　Beneficiary certificates② Net trading income　Stocks　Bonds and ForexTotalTotal1,0761,33313,92913,266166427226109,9399,93112,3725,85137,57514,23964616,4256,26437,57516,18517,81333,998(6)(265)(19)274257(26)2833,4783,4802,6722,2036,401Increase(Decrease)(180)2655,9583586,401Increase(Decrease)(6,184)6,174(9)(2.0)(54.9)74.323.9(3.5)86.753.854.027.660.420.569.656.96.120.5 (Unit: million yen)Yr/Yr % change(1.2) % (Unit: million yen)Yr/Yr % change(27.6) %53.1(0.0)Year endedMarch 31, 2021Year endedMarch 31, 2022Year endedMarch 31, 2021Year endedMarch 31, 202213,93613,531363687493276,4616,4509,7003,64731,17314,41938110,4675,90631,17322,36911,63934,008 – 10 – (2) Comparative Quarterly Consolidated Statements of IncomeFiscal 2021 (Unit: million yen)1st quarter2nd quarter3rd quarter4th quarterApr. 1, 2021 -Jun. 30, 2021Jul. 1, 2021 -Sep. 30, 2021Oct. 1, 2021 -Dec. 31, 2021Jan. 1, 2022 -Mar. 31, 2022Total ofFY 2021Apr. 1, 2021 -Mar. 31, 2022 Operating revenuesCommission receivedBrokerage commission (Stocks)Commission for underwriting, secondarydistribution and solicitation for selling andothers for professional investorsFees for offering, secondary distributionand solicitation for selling and others forprofessional investors (Beneficiary certificates)Other fees received (Beneficiary certificates)Net trading income (Stocks) (Bonds and Forex)Financial revenueTotal operating revenue Financial expenses Net operating revenueSelling, general and administrative expensesTrading related expensesPersonnel expensesReal estate expensesOffice expensesDepreciationTaxes and duesProvision of allowance for doubtfulaccountsOtherTotal selling, general and administrativeexpenses Operating profit Non-operating incomeShare of profit of entities accounted forusing equity methodOther Non-operating expensesOther Ordinary profit Extraordinary income Extraordinary losses Profit before income taxes Income taxes-current Income taxes-deferred Profit Profit attributable to non-controlling interests Profit attributable to owners of parent2,8442,6262,5631,9059,9399,6423,5493,3793112,6213,1551,4987,9953,8494,1452,93120,56958819,9803,1298,0711,9162,066699406－5173,1741,0096153931321324,05186264,1101,326(340)3,1232212,9029,6753,7823,6161662,5613,1631,53810,4196,0684,3501,43321,52859220,9363,2608,1731,9402,253758501－4083,640441340100334,077－3433,7339222232,5872382,3488,7523,1112,91937,57513,92913,2664201,3331,9053,3141,4045,9971,1804,8164,15418,9041,01817,8853,4648,0611,9162,29275438114265861,286(119)1,40584841,789895381,3401,031(511)819(71)8919,93112,3725,85133,99816,18517,8139,40180,9752,72678,24913,12732,3207,7328,6452,9021,78411,85268,3689,8813,3411,1792,16224324312,9798,5843,73617,8283,88224113,70455313,15016,96616,80617,29617,298 9,5043,4853,3504362,8422,7381,4089,5875,0864,50088119,97352619,4473,2728,0131,9592,034690495－5002,48060534126323233,0618,4092,8278,6446018697,1721657,007 – 11 –