Translation
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.

Consolidated Financial Results for the Three Months Ended June 30, 2023
(Based on Japanese GAAP)
August 4, 2023
Company name:Yamaguchi Financial Group, Inc.
Stock exchange listing: Tokyo
Stock code:
Representative:

8418
URL https://www.ymfg.co.jp
President and CEOInquiries:

General Manager of Accounting
Office,Corporate Planning Department

Keisuke Mukunashi
Kentaro Hama

TEL

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 10, 2023–

Trading accounts:
Preparation of supplementary material on quarterly financial results:

Yes
Yes

Holding of quarterly financial results meeting:No083-223-5511(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen%
Three months ended June 30, 2023
45,68022.6
12,673
21.7
8,773
15.0
Three months ended June 30, 2022
37,247(0.3)
10,409 (10.0)
7,627
10.5
Earnings per share

Diluted earnings per share

Yen
39.08
32.24

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen
39.07
32.23

(2) Consolidated financial position
Total assets
As of June 30, 2023
As of March 31, 2023

Net assets

Millions of yen12,420,443
12,211,645

Equity ratio

Millions of yen
631,800
614,665%
5.1
5.0

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
15.00

Yen–

Yen
16.00

Yen
31.00

21.00

–

22.00

43.00

Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen%
Yen
Six months ending
16,500(1.0)
11,000 (10.3)
49.18
September 30, 2023
Full year
35,00036.2
24,00034.1
107.31

1

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) 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:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

234,767,616 shares As of March 31, 2023

264,353,616 shares

Number of treasury shares at the end of the period
As of June 30, 2023

11,116,723 shares As of March 31, 2023

39,260,405 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023

224,495,584 shares Three months ended June 30, 2022

2236,585,330 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of June 30, 2023

AssetsCash and due from banks

1,878,858

1,789,465

Call loans and bills bought
Monetary claims bought

934
2,457

724
2,036

Trading account assets
Money held in trust

3,976
17,404

4,439
39,065

1,534,139
8,347,832

1,739,791
8,357,201

Foreign exchanges
Lease receivables and investments in leases

36,77219,80527,80020,076

Other assets
Tangible fixed assets

250,907
81,121

298,342
80,459Intangible fixed assets
Retirement benefit asset

6,577
34,335

6,685
34,806

Deferred tax assets
Customers' liabilities for acceptances and guarantees

9,964
58,967

3,977
86,961

Securities
Loans and bills discounted

Allowance for loan losses(72,410)(71,392)

12,211,645

12,420,443

9,954,008
371,711

10,008,375
405,121

Call money and bills soldCash collateral received for securities lent

340,052
285,322

266,990352,426

Trading account liabilities
Borrowed money

1,813
403,303

2,075
441,556

Foreign exchanges
Bonds payable

98
42,400158
42,400

Other liabilities
Provision for bonuses

123,479
2,695

167,217
1,323

2,588

2,639

281

277

Total assets
Liabilities
Deposits
Negotiable certificates of deposit

Retirement benefit liability
Provision for retirement benefits for directors (and otherofficers)
Provision for loss on interest repayment

1321

Provision for reimbursement of deposits
Provision for point card certificates

359
124

275
131

Provision for management board benefit trust
Reserves under special laws

427
17

469
17

Deferred tax liabilities
Deferred tax liabilities for land revaluation

683
8,628

1,590
8,614

Acceptances and guarantees
Total liabilities

3

58,96786,961

11,596,980

11,788,642

(Millions of yen)
As of March 31, 2023

As of June 30, 2023

Net assets
Share capital
Capital surplus

50,00058,63950,00033,111Retained earnings
Treasury shares

522,893(34,847)

528,087(10,639)

Total shareholders' equity

596,685

600,559

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges(17,237)
11,253(7,593)
14,975

Revaluation reserve for landRemeasurements of defined benefit plans

19,432
1,678

19,399
1,577

Total accumulated other comprehensive income

15,12628,359

Share acquisition rights
Non-controlling interests

432,80943
2,837

614,665

631,800

12,211,645

12,420,443

Total net assets
Total liabilities and net assets4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)

Ordinary income
Interest income

Three months ended

Three months ended

June 30, 2022

June 30, 2023
37,24723,78345,68032,167

18,333
4,842

25,336
6,235

Fees and commissions
Gain on trading account transactions

6,326
587

7,189
388

Other ordinary income
Other income

4,582
1,967

3,605
2,329

26,8381,361

33,007
8,784Interest on deposits
Fees and commissions payments

496
2,264

1,2422,358

Other ordinary expenses
General and administrative expenses

6,903
15,454

5,950
15,451

Interest on loans and discounts
Interest and dividends on securities

Ordinary expenses
Interest expenses

Other expenses

854

461

10,40912,673

206

82

161
2282
–

23
36–
219

36–

12206

Profit before income taxes

10,57912,536

Income taxes - current
Income taxes - deferred

1,659
1,180

2,621
1,114

Total income taxes

2,839

3,735

Profit

7,739

8,801

112

27

7,627

8,773

Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Gain on bargain purchase
Gain on step acquisitions
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses

Profit attributable to non-controlling interests
Profit attributable to owners of parent5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2022

June 30, 2023
7,739
(16,903)

8,801
13,265

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges(24,142)
7,348

9,644
3,721

Remeasurements of defined benefit plans, net of tax

(109)

(100)

(9,163)22,066(9,249)22,03885

27Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6