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Consolidated Financial Results for FY2015

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Consolidated Financial Results for FY2015 May 12, 2016 Resona Holdings, Inc. Consolidated Financial Results for Fiscal Year 2015 (April 1, 2015 - March 31, 2016/ Unaudited) <under Japanese GAAP> Code number: 8308 Stock exchange listings: Tokyo URL: http://www.resona-gr.co.jp Representative: Kazuhiro Higashi, President and Representative Executive Officer Contact: Satoshi Fukuoka, Financial Accounting Division, General Manager TEL: 03-6704-3111 General Meeting of Stockholders: June 24, 2016 Dividends payment date: June 9, 2016 Annual securities report issuing date: June 28, 2016 Trading accounts: Established Supplemental information for the financial results: Available Investor relations meeting: Scheduled (for institutional investors and analysts) Note: Amounts of less than one million yen are rounded down. 1. Consolidated Financial Results for Fiscal Year 2015 (April 1, 2015- March 31, 2016） (1) Consolidated Operating Results (% represents the change from the previous fiscal year) Net Income Attributable to Ordinary Income Ordinary Profits Owners of the Parent Million yen % Million yen %Million yen % Fiscal Year 2015 817,408 ( -5.1) 251,705 ( -24.5) 183,840 ( -13.1) Fiscal Year 2014 861,278 ( 4.2) 333,316 ( 6.8) 211,477 ( -4.2) Note: Comprehensive Income: FY 2015: 91,607 million yen ( -78.0%) FY 2014: 416,856 million yen (45.4%) Net Income Diluted Net Ordinary Net Income to Net Ordinary per Share of Income per Assets Attributable Profits to Profits to Total Common Share of to Stockholders Ordinary Assets Ratio Stock Common Stock Ratio Income Ratio Yen Yen % % % Fiscal Year 2015 75.73 - 9.7 0.5 30.8 Fiscal Year 2014 91.07 84.28 11.1 0.7 38.7 (Reference) Equity in earnings of investments in affiliates: FY 2015: 116 million yen FY 2014: 153 million yen Note: Diluted Net Income per Share of Common Stock of FY 2015 is not disclosed because there are no potentially dilutive common shares. (2) Consolidated Financial Conditions Net Assets Attributable Net Assets per Total Assets Net Assets to Stockholders to Total Share of Common Assets Ratio Stock Million yen Million yen % Yen March 31, 2016 49,126,435 1,833,470 3.7 705.81 March 31, 2015 46,586,565 2,143,379 4.2 690.66 (Reference) Net Assets Attributable to Stockholders: March 31, 2016: 1,816,002 million yen March 31, 2015: 1,978,778 million yen Note: “Net Assets Attributable to Stockholders to Total Assets Ratio” is (Net assets at year-end minus Stock option at year-end minus Non-controlling interests at year-end) divided by Total assets at year-end. This ratio is not calculated based on the “Notification on Consolidated Capital Adequacy.” (3) Consolidated Cash Flows Cash and Cash Cash Flows from Cash Flows from Cash Flows from Equivalents at Operating Activities Investing Activities Financing Activities Fiscal Year-end Million yen Million yen Million yen Million yen Fiscal Year 2015 3,065,728 1,293,625 (464,969) 13,350,719 Fiscal Year 2014 1,103,471 2,328,201 (290,120) 9,456,393 2. Dividends on Common Stock Dividends per Share Dividends to Total Dividend 1st 2nd 3rd Net Assets Fiscal Dividends Payout Ratio Quarter- Quarter- Quarter- Total Ratio Year-end (Annual) (Consolidated) end end end (Consolidated) Yen Yen Yen Yen Yen Million yen % % Fiscal Year - 0.00 - 17.00 17.00 39,493 18.7 2.7 2014 Fiscal Year - 8.50 - 8.50 17.00 39,493 22.4 2.4 2015 Fiscal Year - 9.50 - 9.50 19.00 28.9 2016 (Forecast) Please refer to the Note on the next page. Resona Holdings, Inc. 3. Earnings Targets for Fiscal Year 2016 (April 1, 2016 - March 31, 2017) (% represents the change from the same period in the previous fiscal year) Net Income Attributable to Owners of Net Income per Share of Common Stock the Parent Million yen % Yen 1st Half of Fiscal Year 2016 82,000 ( -4.3) 33.76 Fiscal Year 2016 (Full year) 160,000 ( -13.0) 65.79 Please refer to the Note below. Note for “2. Dividends on Common Stock”; 1. The table shows dividends on common stock. Please refer to following "Dividends on Classified Stock" for the details of dividends on classified stock (unlisted) whose legal rights differ from common stock. 2. Regarding to the assumptions for the dividends forecast, please refer to attachment “1. Operating Results and Financial Conditions (3) Basic Policy on Profit Distribution and Dividends for Fiscal Year 2015 and 2016.” Note for “3. Earnings Targets for Fiscal Year 2016” 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 recent negative interest rate introduced by the Bank of Japan, exists in the financial operation. Therefore, the Company discloses “Earnings targets” instead of “Earnings forecasts.” ※ Other notes (1) Changes in Significant Subsidiaries during the Fiscal Year: No (2) Changes in Accounting Policies, Changes in Accounting Estimates and Restatement during the Fiscal Year A) Changes due to revision of accounting standards: Yes B) Changes due to other reasons: No C) Changes in accounting estimates: No D) Restatement: No (3) Number of Shares of Common Stock Outstanding A) Total outstanding shares including treasury stock at the fiscal year-end March 31, 2016: 2,324,118,091 shares March 31, 2015: 2,324,118,091 shares B) Treasury stock at the fiscal year-end March 31, 2016: 4,379,191 shares March 31, 2015: 5,999,097 shares C) Average outstanding shares during the fiscal year Fiscal Year 2015: 2,318,808,945 shares Fiscal Year 2014: 2,193,242,258 shares Note: Treasury stock at the fiscal year-end included the stocks owned by ESOP-type Stock Benefit Trust for the Employee Shareholding Association. March 31, 2016: 3,427,100 shares March 31, 2015: 5,057,000 shares (Reference) Summary of Non-Consolidated Financial Results Non-Consolidated Financial Results for Fiscal Year 2015 (April 1, 2015 - March 31, 2016) (1) Operating Results (% represents the change from the previous fiscal year) Operating Income Operating Profits Ordinary Profits Million yen % Million yen % Million yen % Fiscal Year 2015 196,739 ( 53.3) 189,241 ( 56.3) 189,768 ( 56.3) Fiscal Year 2014 128,333 ( -71.7) 121,106 ( -72.9) 121,374 ( -72.7) Net Income per Diluted Net Income per Net Income Share of Common Stock Share of Common Stock Million yen % Yen Yen Fiscal Year 2015 190,036 ( 56.1) 78.40 - Fiscal Year 2014 121,722 ( -72.7) 50.15 46.75 Note: Diluted Net Income per Share of Common Stock of FY 2015 is not disclosed because there are no potentially dilutive common shares. (2) Financial Conditions Net Assets Attributable Net Assets per Total Assets Net Assets to Stockholders to Total Assets Ratio Common Share Million yen Million yen % Yen March 31, 2016 1,379,348 996,077 72.2 352.36 March 31, 2015 1,458,116 1,071,955 73.5 299.47 (Reference) Net Assets Attributable to Stockholders: March 31, 2016: 996,077 million yen March 31, 2015: 1,071,955 million yen Resona Holdings, Inc. Note: Disclaimer regarding Audit status Audit of the consolidated and non-consolidated financial results in accordance with Financial Instruments and Exchange Act (“FIEA”) is still in process at the time of disclosing this report. 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. Please refer to attachment “1. Operating Results and Financial Condition (4) Risk factors” for important factors which may have an effect on actual financial results. Also, please refer to attachment “1. Operating Results and Financial Condition (1) Operating Results (Earnings Estimates)” for the assumptions used for the earnings targets. Note: How to get supplemental information for the financial results Supplemental information for the financial results is disclosed through TD net. Investor relations meeting for institutional investor or analyst is scheduled on May 18, 2016. Materials for the meeting will be available on the web site after the meeting. ○ Dividends on Classified Stock Dividends per share on classified stock whose legal rights differ from common stock are as follows: Dividends per Share 1st Quarter- 2nd Quarter- 3rd Quarter- Fiscal Year- Total end end end end Yen Yen Yen Yen Yen Class C No.1 Preferred Stock FY 2014 - 0.00 - 54.40 54.40 FY 2015 - - - - - FY 2016 (Forecast) - - - - - Class F No.1 Preferred Stock FY 2014 - 0.00 - 148.00 148.00 FY 2015 - - - - - FY 2016 (Forecast) - - - - - Class Four Preferred Stock FY 2014 - 0.00 - 992.50 992.50 FY 2015 - - - - - FY 2016 (Forecast) - - - - - Class Five Preferred Stock FY 2014 - 0.00 - 918.75 918.75 FY 2015 - 459.375 - 459.375 918.75 FY 2016 (Forecast) - 459.375 - 459.375 918.75 Class Six Preferred Stock FY 2014 - 0.00 - 1,237.50 1,237.50 FY 2015 - 618.75 - 618.75 1,237.50 FY 2016 (Forecast) - 618.75 - 618.75 1,237.50 Note: Regarding Class C No.1 Preferred Stock and Class F No.1 Preferred Stock, it was implemented special preferred distribution funded by other capital surplus (total annual amount is 12.0 billion yen and 20.0 billion yen, respectively, 1.1 % decrease in net assets) for the fiscal year 2015 in addition to above table. Subsequently, the Company implemented acquisition and cancellation of those stocks on June 25, 2015.
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