Note:This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Six Months Ended September 30, 2022
[Japanese GAAP]
November 11, 2022
Company name: The Awa Bank, Ltd.
Stock exchange listing: Tokyo
Code number: 8388
URL: https://www.awabank.co.jp/
Representative: Susumu Nagaoka
President and Director
Contact: Seiji Fujikura
Executive Officer, General Manager, Business Management Division
Phone: 088-623-3131
Scheduled date of filing quarterly securities report: November 11, 2022
Scheduled date of commencing dividend payments: December 05, 2022
Trading Accounts: No
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down)
1. Consolidated Financial Results for the Six Months Ended September 30, 2022 (April 01, 2022 to September 30, 2022)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to owners of
Ordinary revenues
Ordinary profit
parentMillion yen%
Million yen%
Million yen%Six months ended
September 30, 2022
40,266
21.9
7,793
10.9
5,270
7.1
September 30, 2021
33,006
3.7
7,022
15.3
4,919
22.3
(Note) Comprehensive income:Six months ended September 30, 2022:¥(9,708) million [-%]
Six months ended September 30, 2021:¥10,453 million [(58.0) %]Basic earnings
per share
Six months ended
September 30, 2022
September 30, 2021

Diluted earnings pershareYen

Yen

127.58117.20-(2) Consolidated Financial Position
Total assets
Million yen
As ofSeptember 30, 2022
3,789,706
March 31, 2022
3,977,726(Reference) Equity: As of September 30, 2022:
As of March 31, 2022:

Net assets

Capital adequacy ratio

Million yen¥¥

276,923
288,404
276,923 million
288,404 million

%

7.3
7.2

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2022

-20.00

-

22.50

42.50

Fiscal year ending March 31, 2023

-22.50
22.50

45.00

Year-end

Fiscal year ending March 31, 2023

(Forecast)(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 2nd quarter (interim) dividend for the fiscal year ending March 31, 2023 :Commemorative dividend- yenSpecial dividend
- yen

Total

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable toOrdinary revenues
Ordinary profit
Basic earnings per shareowners of parent
Million yen%

Million yen%

Million yen%

Yen

8,800(20.8)

213.45Full year
86,10026.7
13,500(16.3)(Note) Revision to the financial results forecast announced most recently:
Yes* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:
Exclusion:(Company name:No(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: Yes
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2022:
43,240,000 shares
March 31, 2022:
43,240,000 shares2) Total number of treasury shares at the end of the period:
September 30, 2022:
2,014,355 shares
March 31, 2022:
1,603,702 shares
3) Average number of shares during the period:
Six months ended September 30, 2022:
Six months ended September 30, 2021:

41,309,332 shares
41,976,872 shares))(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Six Months Ended September 30, 2022 (April 01, 2022 to September 30, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Ordinary revenues
Six months ended
September 30, 2022
September 30, 2021

Ordinary profit

Net income

Million yen%

Million yen%

Million yen%

31,99924,990

28.0
5.1

7,044
6,589

6.9
18.9

4,749
4,605

3.1
25.4

Basic earnings
per share
Six months ended
September 30, 2022
September 30, 2021

Yen

114.96109.71(2) Non-consolidated Financial Position
Total assets

Net assets

Million yen
As ofSeptember 30, 2022
3,766,543
March 31, 2022
3,956,485(Reference) Equity: As of September 30, 2022:
As of March 31, 2022:¥¥

Capital adequacy ratio
Million yen%

267,171
279,273
267,171 million
279,273 million

7.0
7.0

2. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023(April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Ordinary revenues
Full year

Ordinary profit

Net income

Basic earnings per share

Million yen%

Million yen%

Million yen%

Yen

70,60034.2

13,100(16.3)

8,800(20.2)

213.45

Interim Consolidated Financial Statements
Interim Consolidated Balance Sheets(Million yen)
As of March 31,2022
AssetsCash and due from banks
Call loans and bills bought
Monetary claims bought
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investments in leases
Other assets
Tangible fixed assets
Intangible fixed assets
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money and bills soldCash collateral received for securities lent
Borrowed money
Foreign exchanges
Other liabilities
Provision for bonuses
Provision for bonuses for directors (and other officers)
Provision for retirement benefits for directors (andother officers)
Provision for share-based compensation
Provision for reimbursement of deposits
Provision for contingent loss
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Acceptances and guarantees
Total liabilities

As of September 30,2022

690,236
18,3581,398
1,031,863
2,117,033
9,240
28,93548,70038,147
4,528
214
8,482
(19,414)
3,977,726

415,052
128,774749
970,322
2,132,555
14,907
29,16164,90938,230
4,263
208
9,440
(18,869)
3,789,706

3,167,043
133,504
12,85040,945
266,375
18
40,15422
54

3,143,620
155,58330,616
102,38523
57,391
23
18

14

12

257
271
1,205
15,4272,691
8,482
3,689,322

250
246
1,288
9,245
2,634
9,440
3,512,782

(Million yen)
As of March 31,2022
Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

23,452
20,106
185,469(4,100)224,927
58,375(24)
5,12663,476
288,404
3,977,726

As of September 30,2022

23,452
20,106
189,926(4,928)228,557
42,740630
4,995
48,366276,923
3,789,706

Interim Consolidated Statements of Income and Comprehensive Income
Interim Consolidated Statements of Income (For the six months)(Million yen)
For the six months
ended September 30,2021
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Fees and commissions
Other ordinary income
Other income
Ordinary expenses
Interest expenses
Interest on deposits
Fees and commissions payments
Other ordinary expenses
General and administrative expenses
Other expenses
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Gain on termination of retirement benefit plan
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

33,006
18,797
11,914
6,619
4,882
7,989
1,336
25,984
809
199
565
6,912
15,058
2,638
7,022
44
044
79
74
5
6,986
2,331(265)
2,066
4,919
4,919

For the six months
ended September 30,2022
40,266
21,262
12,147
7,917
4,763
10,3533,887
32,473
2,812
350
553
13,455
14,877
773
7,793
00
339
78
260
7,453
1,858
324
2,183
5,270
5,270

Interim Consolidated Statements of Comprehensive Income (For the six months)(Million yen)
For the six months
ended September 30,2021
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax
Comprehensive incomeComprehensive income attributable toComprehensive income attributable to owners ofparent

For the six months
ended September 30,2022

4,919
5,533
5,544
7(18)
10,453

5,270(14,979)(15,634)654(9,708)10,453(9,708)

Interim Consolidated Statements of Changes in Net Assets
For the six months ended September 30,2021(Million yen)
Shareholders' equity

Balance at beginningof period
Changes during
periodDividends ofsurplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reservefor land
Net changes initems other thanshareholders' equity
Total changes
during period
Balance at end ofperiod

Share capital

Capital surplus

23,452

20,106

Retainedearnings
176,045

Treasury shares

Total
shareholders'equity(3,529)216,075

(848)

(848)

4,919

4,919
(0)

(0)

216

216
---

4,071

215

4,287

23,452

20,106

180,117(3,313)

220,362

Accumulated other comprehensive income
TotalValuation
Remeasurements accumulated Total net assets
difference on Deferred gains or Revaluationof definedotheravailable-for-sale losses on hedges reserve for land
benefit plans comprehensive
securities
incomeBalance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period73,194(1,528)5,134

1876,819292,894

(848)
4,919
(0)
216
5,544

7-

(18)

5,533

5,533

5,544

7-

(18)

5,533

9,820

78,739(1,520)5,134-

82,353302,715

For the six months ended September 30,2022(Million yen)
Shareholders' equity

Balance at beginningof period
Changes during
periodDividends ofsurplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve
for landNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodShare capital

Capital surplus

23,452

20,106

Retainedearnings
185,469

Treasury shares

Total
shareholders'equity(4,100)224,927

(943)

(943)

5,270

5,270(0)(1,067)(1,067)

239

239

130

130--

4,457

(828)

3,629

23,452

20,106

189,926(4,928)228,557

Accumulated other comprehensive income
TotalValuation
Remeasurements accumulated Total net assets
difference on Deferred gains or Revaluationof defined
otheravailable-for-sale losses on hedges reserve for land
benefit plans comprehensive
securities
incomeBalance at beginningof period
Changes during
periodDividends ofsurplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reservefor land
Net changes initems other thanshareholders' equity
Total changes
during period
Balance at end ofperiod

58,375

(24)

5,126

-

63,476

288,404

(943)
5,270
(1,067)239
130(15,634)

654

(130)

-

(15,110)(15,110)(15,634)

654

(130)

-

(15,110)(11,480)

42,740

630

4,995

-

48,366276,923

Interim Non-consolidated Financial Statements
Interim Non-consolidated Balance Sheets(Million yen)
As of March 31,2022
AssetsCash and due from banks
Call loans
Monetary claims bought
Securities
Loans and bills discounted
Foreign exchanges
Other assets
OtherTangible fixed assets
Intangible fixed assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money
Cash collateral received for securities lent
Borrowed money
Foreign exchanges
Other liabilities
Income taxes payable
Lease liabilities
Asset retirement obligations
Other
Provision for bonuses for directors (and other officers)
Provision for share-based compensation
Provision for reimbursement of deposits
Provision for contingent loss
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Acceptances and guarantees
Total liabilities

As of September 30,2022

690,232
18,3581,398
1,041,936
2,114,303
9,240
47,11847,11837,713
4,451
8,482(16,752)
3,956,485

415,046
128,774749
980,253
2,128,937
14,907
63,142
63,14237,3834,156
9,440(16,248)
3,766,543

3,172,026
137,504
12,85040,945
254,42518
31,497
2,581
106
140
28,668
54
257
271
1,205
14,9782,691
8,482
3,677,211

3,150,422
159,583
30,61687,25823
48,8281,225
78156
47,367
18250
246
1,288
8,759
2,634
9,440
3,499,372

(Million yen)
As of March 31,2022
Net assets
Share capital
Capital surplus
Legal capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for tax purpose reduction entry of
non-current assets
Reserve for cancellation of shares
General reserve
Retained earnings brought forward
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Total valuation and translation adjustmentsTotal net assets
Total liabilities and net assets

As of September 30,2022

23,452
16,232
16,232
180,240
14,064
166,176

23,452
16,232
16,232
184,176
14,064
170,112

560

560

2,995
143,520
19,100(4,100)215,825
58,346(24)
5,126
63,448279,273
3,956,485

4,995
150,520
14,036(4,928)218,933
42,612630
4,995
48,238267,171
3,766,543

Interim Non-consolidated Statements of Income(Million yen)
For the six months
ended September 30,2021
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securitiesFees and commissions
Other ordinary income
Other income
Ordinary expenses
Interest expenses
Interest on deposits
Fees and commissions payments
Other ordinary expenses
General and administrative expenses
Other expenses
Ordinary profit
Extraordinary income
Extraordinary losses
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit24,99018,763
11,916
6,582
4,189
699
1,337
18,400
794
199
542
413
14,326
2,322
6,589
079
6,509
2,145(241)
1,904
4,605

For the six months
ended September 30,2022
31,99921,22912,1527,880
4,021
2,849
3,899
24,954
2,797
350
519
6,750
14,140
747
7,044
337
6,706
1,631
325
1,957
4,749

Interim Non-consolidated Statements of Changes in Net Assets
For the six months ended September 30,2021(Million yen)
Shareholders' equity
Capital surplus
Share capital Legal capital Total capitalsurplussurplus
Balance at beginning ofperiod
Changes during period
Dividends of surplus
Provision of reservefor cancellation ofsharesProvision of generalreserve
ProfitPurchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

23,452

16,232

16,232---

23,452

16,232

16,232
Shareholders' equity
Retained earnings

Other retained earnings
Reserve fortax purpose
Reserve for
reduction
Generalcancellation
entry ofreserveof shares
non-current
assetsLegalretainedearnings

Balance at beginning of
periodChanges during period
Dividends of surplus
Provision of reservefor cancellation ofshares
Provision of generalreserve
ProfitPurchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

14,064560

2,995

136,520

7,000

Total
Treasuryshareholders'sharesequityRetainedearnings
brought
forwardTotal
retainedearnings

16,758170,898

(848)

(848)

(848)

-

-

(7,000)

-

-

4,605

4,605

4,605

(3,529)207,054

(0)

(0)

216

216
-

-

-

-

7,000

(3,242)

3,757

215

3,972

14,064560

2,995

143,520

13,516

174,655(3,313)211,027

(Million yen)Valuation and translation adjustments
Valuation
Total
Deferreddifference
Revaluation valuation
gains oron
reserve for
andlosses onavailable-for-salelandtranslation
hedgessecurities
adjustments
Balance at beginning of
periodChanges during period
Dividends of surplus
Provision of reservefor cancellation ofsharesProvision of generalreserve
ProfitPurchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

73,014(1,528)5,13476,620

Total net
assets283,675(848)
4,605(0)
216
5,489

7-

5,497

5,497

5,489

7-

5,497

9,470

78,504(1,520)5,134

82,117

293,145

For the six months ended September 30,2022(Million yen)
Shareholders' equity
Capital surplus
Share capital Legal capital Total capitalsurplussurplus
Balance at beginning ofperiod
Changes during period
Dividends of surplus
Provision of reservefor cancellation ofshares
Provision of generalreserve
ProfitPurchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

23,452

16,232

16,232---

23,452

16,232

16,232
Shareholders' equity
Retained earnings

Other retained earnings
Reserve fortax purpose
Reserve for
reduction
Generalcancellation
entry ofreserveof shares
non-current
assetsLegalretainedearnings

Balance at beginning ofperiod
Changes during period
Dividends of surplus
Provision of reservefor cancellation ofshares
Provision of generalreserve
ProfitPurchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

14,064560

2,995

143,520

2,000
7,000

Total
Treasuryshareholders'sharesequityRetainedearnings
brought
forwardTotal
retainedearnings

19,100180,240

(943)

(943)

(943)

(2,000)--(7,000)

-

-

4,749

4,749

4,749

(0)

(0)

130

130

(4,100)215,825(1,067)(1,067)

239

239
130

-

-

2,000

7,000

(5,064)

3,935

(828)

3,107

14,064560

4,995

150,520

14,036

184,176(4,928)218,933

(Million yen)
Valuation and translation adjustments
Valuation
Total
Deferreddifference
Revaluation valuation
gains oron
reserve for
andlosses onavailable-for-salelandtranslation
hedgessecurities
adjustments
Balance at beginning of
periodChanges during period
Dividends of surplus
Provision of reservefor cancellation ofshares
Provision of generalreserve
ProfitPurchase of treasury
shares
Disposal of treasury
shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

58,346

(24)

5,126

63,448

Total net
assets279,273

(943)
4,749
(1,067)239
130(15,733)

654

(130)

(15,209)(15,209)(15,733)

654

(130)

(15,209)(12,102)42,612630

4,995

48,238267,171