Financial Results for the Fiscal Year
Ended March 31, 2012

Ashikaga Holdings Co., Ltd
The Ashikaga Bank, Ltd

Financial Results for the Fiscal Year Ended March 31, 2012--------Contents---------------------------------------------------------Ⅰ Consolidated Financial Information for Fiscal 2011
1. Consolidated Balance Sheets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 1
2. Consolidated Statements of Income and Consolidated Statements of Comprehensive Income・・・・・・・・

2

3. Consolidated Statement of Shareholders' Equity・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4
4. Consolidated Statements of Cash Flows・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5
5. Non-consolidated Balance Sheets・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 6
6. Non-consolidated Statements of Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 8
7. Non-consolidated Statement of Shareholders' Equity・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 9
Ⅱ Financial Data for Fiscal 2011 (ended March 31, 2012)
1. Income Status・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・10
2. Net Business Income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 12
3. Interest Rate Spread・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 12
4. Gains and Losses on Securities・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 12
5. Capital Adequacy Ratio・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 13
6. Return on Equity・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 13
Ⅲ Status of Loans
1. Risk-monitored Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 14
2. Reserve for Possible Loan Losses・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 15
3. Ratio to Reserve for Total Risk-monitored Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 15
4. Loans subject to mandatory disclosure under the Financial Reconstruction Law・・・・・・ 16
5. Coverage of loans subject to mandatory disclosure under the Financial Reconstruction Law 16

6. Loan Portfolio・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 17(1) Classification of loans by type of industry(2) Classification of risk-monitored loans by type of industry(3) Individual loans(4) Loans to small-and-medium-sized enterprises
7. Loans to Entities Overseas by Country・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 18
8. Balance of Deposits and Loans・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 18
Ⅳ Valuation Gains (Losses) on Securities
1. Valuation Standards of Securities・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 19
2. Unrealized Valuation Gains (Losses) on Other Securities （available-for-sale securities)・・・・ 19

Ⅴ Employees' Severance and Retirement Benefits
1. Projected Retirement Benefit Obligation・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 20
2. Retirement Benefit Costs・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 20

ⅠConsolidated Financial Information for Fiscal 2011
1. Consolidated Balance Sheets【Ashikaga Holdings Co., Ltd.】
Item
AssetsCash and due from banks
Call loans and bills purchased
Commercial paper and other debt purchased
Trading securities
Securities
Loans and bills discounted
Foreign exchanges
Other assets
Tangible fixed assets
Buildings
Land
Lease assets
Construction in progress
Other tangible fixed assets
Intangible fixed assets
Software
Goodwill
Lease assets
Other intangible fixed assets
Deferred tax assets
Customer liabilities for acceptances and guarantees
Reserve for possible loan losses
Total Assets
Liabilities
Deposits
Negotiable certificates of deposit
Collateral deposits received for securities lending
Borrowed money
Foreign Exchanges
Other liabilities
Reserve for directors’ bonuses
Reserve for employee retirement benefits
Reserve for directors’ retirement benefits
Reserve for reimbursement of deposits
Reserve for contingent losses
Reserve for credit card rewards points
Reserve for losses on disaster
Acceptances and guarantees
Total liabilities
Net Assets
Capital stock
Capital surplus
Retained earnings
Total shareholders’ equity
Net unrealized valuation gains (losses) on other securities(available for sale securities)

Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets(Note) Figures are rounded down to the nearest million.

1(Millions of yen）
As of March 31, 2011

As of March 31, 2012

119,674
130,3857,848
3,536
1,335,264
3,474,628
6,223
26,456
26,208
6,765
13,083
21
748
5,589
112,9025,360
106,99112
537
10,403
20,247(55,097)
5,218,682

167,543
185,694
8,395
3,230
1,202,480
3,642,549
5,664
26,321
24,7907,189
12,67319
6
4,900
108,206
6,872
100,7898536
8,247
19,167(48,519)
5,353,772

4,481,517
107,119
19,700289,236463
43,08070
15,610
174
1,350
286
65
518
20,247
4,979,438

4,657,316
139,914−221,647
435
40,21473
16,057
219
1,440
263
80
170
19,167
5,097,001

105,010
95,78035,494
236,285

105,010
95,78046,995
247,785

2,958

8,984

2,958
239,243
5,218,682

8,984
256,770
5,353,772

2. Consolidated Statements of Income and Consolidated Statements ofComprehensive Income【Ashikaga Holdings Co., Ltd.】(1)Consolidated Statements of Income
Item
Operating income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Interest on call loans and bills boughtInterest on deposits with other banks
Other interest income
Fees and commissions
Other business income
Other operating income
Recoveries of written-off claims
Gains on sales of stocks and other securities
OthersOperating expenses
Interest expenses
Interest on deposits
Interest on negotiable certificates of deposit
Interest on call money and bills soldInterest on deposits for bonds lending transaction
Interest on borrowed money
Other interest expenses
Fees and commissions
Other business expenses
General and administrative expenses
Other operating expenses
Provision for reserve for possible loan losses
Write-off amount of loans
Losses on sales of stocks
Write-off amount of stocks
Losses on sales of loans
Other expenses or losses
Operating profit
Special gains
Gains on dispositions of fixed assets
Recoveries of written-off claims
Special losses
Losses on dispositions of fixed assets
Impairment losses
Losses caused by adoption of accounting standard for
asset retirement obligations
Provision for reserve for losses on disaster
Losses on advanced depreciation of fixed assets
Net profit before income taxes
Corporate, inhabitant, business taxes
Corporate tax adjustments, etc.
Total corporate taxes, etc.
Income before minority interests
Net profit(Note) Figures are rounded down to the nearest million.

2(Millions of yen)

FY 2010
104,644
78,16066,089
11,571
181
174
143
16,812
7,338
2,333
−
707
1,625
88,879
8,521
4,733
274
2
9
3,488
13
5,563
116
59,82914,848
1,608
9,032
773
1,752
695
986
15,765
888
200
687
1,317
234
−

FY 2011
101,268
72,83462,709
9,497
242
266
118
17,616
6,114
4,702
1,071
2,212
1,418
84,067
7,570
3,869
243
0
3
3,443
9
5,753
93
62,424
8,225
2,542
3,221
963
670
338
489
17,201
7
7
−
202
194
8

378

−

518
186
15,336649(1,298)(648)
15,985
15,985−−17,005
216
(381)
(164)
17,17017,170(2)Consolidated Statements of Comprehensive Income
Item
Income before minority interests
Other comprehensive income
Net unrealized valuation gains (losses) on other securities(available for sale securities)

Gains (losses) on deferred hedges
Comprehensive income
Comprehensive income attributable to owners of the parent
Comprehensive income attributable to minority interests(Note) Figures are rounded down to the nearest million.

3

FY 2010
15,985(5,808)FY 2011
17,1706,026(5,815)6,026

7
10,176
10,176−−23,19723,197−

3. Consolidated Statement of Shareholders’ Equity【Ashikaga Holdings Co., Ltd.】
Item
Shareholders’ equity(Millions of Yen)

FY 2011(ended March 31, 2012)

Capital stock
Balance at the beginning of the period
Changes of items during the period
Total changes of items during the period
Balance at the end of the period
Capital surplus
Balance at the beginning of the period
Changes of items during the period
Total changes of items during the period
Balance at the end of the period
Retained earnings
Balance at the beginning of the period
Changes of items during the period
Dividends from surplus
Net profit
Total changes of items during the period
Balance at the end of the period
Total shareholders’ equity
Balance at the beginning of the period
Changes of items during the period
Dividends from surplus
Net profit
Total changes of items during the period
Balance at the end of the period
Accumulated other comprehensive income
Net unrealized valuation gains (losses) on other securities(available for sale securities)
Balance at the beginning of the period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of the period
Total accumulated other comprehensive income
Balance at the beginning of the period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of the period
Total net assets
Balance at the beginning of the period
Changes of items during the period
Dividends from surplus
Net profit
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of the period(Note) Figures are rounded down to the nearest million.

4105,010−105,010
95,780−95,78035,494(5,670)17,17011,50046,995236,285(5,670)17,17011,500247,785

2,958
6,026
6,026
8,984
2,958
6,026
6,026
8,984
239,243(5,670)17,1706,026
17,527
256,770

4. Consolidated Statements of Cash Flows(Millions of yen）

【Ashikaga Holdings Co., Ltd.】Cash flows from operating activities
Net profit before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Increase (decrease) in reserve for loan losses
Increase (decrease) in reserve for directors' bonuses
Increase (decrease) in reserve for employee retirement benefits
Increase (decrease) in reserve for directors' retirement benefits
Increase (decrease) in reserve for reimbursement of deposits
Increase (decrease) in reserve for contingent losses
Increase (decrease) in reserve for credit card rewards points
Increase (decrease) in reserve for losses on disaster
Interest income
Interest expenses
Losses (gains) on securities
Losses (gains) on money held in trust
Losses (gains) on foreign exchange
Losses (gains) on dispositions of fixed assets
Losses on advanced depreciation of fixed assets
Net decrease (increase) in loans and bills discounted
Net increase (decrease) in deposits
Net increase (decrease) in negotiable certificates of deposit
Net increase (decrease) in borrowed money (excluding subordinated borrowed money)

Net decrease (increase) in due from banks (excluding due from the Bank of Japan)

Net decrease (increase) in call loans and bills purchased
Net decrease (increase) in trading securities
Net increase (decrease) in collateral deposits received for securities lending

Net decrease (increase) in foreign exchanges (assets)
Net increase (decrease) in foreign exchanges (liabilities)
Interest received
Interest paid
Other, net
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchases of securities
Proceeds from sales of securities
Proceeds from redemption of securities
Proceeds from sales of money held in trust
Purchases of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchases of intangible fixed assets
Other, net
Net cash provided by (used in) investing activities
Cash flows from financing activities
Dividends paid
Repayment of lease liabilities
Net cash provided by (used in) financing activities
Effect of exchange rate cahnges on cash and cash equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at the beginning of the period
Cash and cash equivalents at the end of the period

5

FY ended
Mar 31, 2011

FY ended
Mar 31, 201215,3363,770
6,202(15,703)
21
235
32
114
121
13
518
(78,160)
8,521(3,044)
(0)
(2)
33
186
(106,973)
117,580
19,38373,870(4,279)17,609829
9,384(1,745)
27
76,091(6,601)
3,163
136,537(501)
136,036

17,005
4,926
8
6,202
(6,578)
2
447
45
90
(22)
15
(347)
(72,834)
7,570(3,218)−315
186−(167,920)
175,799
32,795(67,589)
1,972(55,493)314(19,700)
558(27)
73,205(9,162)(1,608)(83,042)(547)(83,589)(1,701,732)
276,325
1,322,168
84(2,721)
191(2,636)
7(108,312)(565,369)
207,987
501,712−(1,117)
12(3,974)(137)
139,114(5,670)(8)(5,678)(22)
22,02288,367110,390(5,670)(9)(5,679)(4)
49,840110,390
160,230

5. Non-consolidated Balance Sheets【The Ashikaga Bank, Ltd.】
Item
AssetsCash and due from banks
Cash
Due from banks
Call loans
Commercial paper and other debt purchased
Trading securities
Japanese government bonds
Local government bonds
Government guaranteed bonds
Securities
Japanese government bonds
Local government bonds
Corporate bonds
StocksOther securities
Loans and bills discounted
Bills discounted
Loans on bills
Loans on deeds
Overdrafts
Foreign exchanges
Due from foreign banks (our accounts)
Foreign bills bought
Foreign bills receivable
Other assets
Domestic exchange settlement account, debit
Prepaid expenses
Accrued income
Variation margins of future markets
Derivatives
OthersTangible fixed assets
Buildings
Land
Lease assets
Construction in progress
Other tangible fixed assets
Intangible fixed assets
Software
Other intangible fixed assets
Deferred tax assets
Customer liabilities for acceptances and guarantees
Reserve for possible loan losses
Total Assets

6(Millions of yen）
As of March 31, 2011

As of March 31, 2012

119,673
44,19375,480130,385
7,848
3,536
2,503
542
490
1,364,344
681,830
371,730
206,305
66,77437,703
3,473,289
28,524
220,463
2,847,623
376,678
6,223
6,004
138
79
21,805
17
103
5,985
3
5,287
10,40827,427
7,193
13,881
19
748
5,584
5,903
5,368
535
11,066
20,24750,217)
5,141,531

167,541
43,838
123,703
185,694
8,395
3,230
2,795
332
101
1,231,459
363,322414,503343,241
67,48342,9083,641,006
31,701
202,4313,052,809
354,064
5,664
5,525
119
20
22,120
4
96
5,952
0
3,760
12,30525,9607,567
13,471
18
6
4,896
7,396
6,862
533
8,874
19,167(44,750)
5,281,761

(Millions of yen）

Item
Liabilities
Deposits
Current deposits
Ordinary deposits
Savings deposits
Deposits at noticeTime deposits
Installment savings
Other deposits
Negotiable certificates of deposit
Collateral deposits received for securities lending
Borrowed money
Borrowings from other banks
Foreign Exchanges
Foreign bills sold
Foreign bills payable
Other liabilities
Domestic exchange settlement account, credit
Income taxes payable
Accrued expenses
Unearned income
Reserve for interest on installment savings
Derivatives
Lease liabilities
Asset retirement obligations
OthersReserve for directors’ bonuses
Reserve for employee retirement benefits
Reserve for directors’ retirement benefits

Reserve for reimbursement of deposits
Reserve for contingent losses
Reserve for credit card rewards points
Reserve for losses on disaster
Acceptances and guarantees
Total liabilities
Net Assets
Capital stock
Retained earnings
Earned surplus reserve
Other earned surplus
Earned surplus brought forward
Total shareholders’ equity
Net unrealized valuation gains (losses) on other securities(available for sale securities)

Total valuation and translation adjustments, etc.
Total net assets
Total liabilities and net assets(Note) Figures are rounded down to the nearest million.

7

As of March 31, 2011

As of March 31, 2012

4,539,546
149,552
2,281,664
63,48735,477
1,822,198
15,594
171,571
107,119
19,700209,236
209,236463
359
104
27,1691,798
220
10,056
1,926
8
4,147
20
429
8,561
42
14,885
114
1,350
286
23
518
20,2474,940,703

4,686,264
166,492
2,471,996
66,604
10,013
1,805,350
15,450150,355
169,914−141,647
141,647435
298
137
25,388
4,254
262
9,796
1,107
9
2,815
19
493
6,628
43
15,389
135
1,440
263
44
170
19,1675,060,304

135,000
57,9904,423
53,56753,567
192,990135,000
73,404
6,434
66,96966,969208,404

7,837

13,052

7,837
200,828
5,141,531

13,052
221,457
5,281,761

6. Non-consolidated Statements of Income【The Ashikaga Bank, Ltd.】
Item(Millions of yen)

FY 2010

Operating income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Interest on call loans
Interest on deposits with other banks
Other interest income
Fees and commissions
Fees and commissions on domestic and foreign exchanges
Other fees and commissions
Other business income
Gains on foreign exchange transactions
Gains on sales of trading securities
Gains on sales of bonds
Gains on redemption of bonds
Income from derivatives
OthersOther operating income
Recoveries of written-off claims
Gains on sales of stocks and other securities
Gains on money held in trust
OthersOperating expenses
Interest expenses
Interest on deposits
Interest on negotiable certificates of deposit
Interest on call money
Interest on deposits for bonds lending transaction
Interest on borrowed money
Other interest expenses
Fees and commissions
Fees and commissions on domestic and foreign exchanges
Other fees and commissions
Other business expenses
Losses on sales of trading securities
General and administrative expenses
Other operating expenses
Provision for reserve for possible loan losses
Write-off amount of loans
Losses on sales of stocks
Write-off amount of stocks
Losses on sales of loans
Other expenses or losses
Operating profit
Special gains
Gains on dispositions of fixed assets
Reversal of reserve for possible loan losses
Recoveries of written-off claims
Special losses
Losses on dispositions of fixed assets
Impairment losses
Losses caused by adoption of accounting standard for asset
retirement obligations
Provision for reserve for losses on disaster
Losses on advanced depreciation of fixed assets
Net profit before income taxes
Corporate, inhabitant, business taxes
Corporate tax adjustments, etc.
Corporate taxes, etc.
Net profit(Note) Figures are rounded down to the nearest million.

8

FY 2011

99,58674,39462,76011,144181
174
134
15,425
5,048
10,376
7,066
521
−
6,315
−
229
0
2,699
−
1,077
0
1,621
74,647
5,163
4,749
274
2
9
122
5
5,620
966
4,654
22
22
52,373
11,467
−
8,839
226
1,065
371
963
24,938
1,065
333
61
669
1,259
176
−

96,45069,61359,665
9,327
242
265
111
16,472
4,781
11,690
5,803
511
27
4,957
27
280
0
4,561
1,064
2,150
−
1,346
70,860
4,224
3,883
243
0
3
89
3
5,819
901
4,918
−
−
54,993
5,823
1,749
3,110
0
414
95
453
25,589
7
7
−
−
202
194
8

378

−

518
186
24,743
84
(781)
(697)
25,441−−
25,394
83
(156)
(72)
25,467

7. Non-consolidated Statement of Shareholders’ Equity【The Ashikaga Bank., Ltd.】(Millions of Yen)Item

FY 2011(ended March 31, 2012)

Stockholders’ equity
Capital stock
Balance at the beginning of the period
Changes of items during the period
Total changes of items during the period
Balance at the end of the period
Retained earnings
Earned surplus reserve
Balance at the beginning of the period
Changes of items during the period
Dividends from surplus
Total changes of items during the period
Balance at the end of the period
Other earned surplus
Earned surplus brought forward
Balance at the beginning of the period
Changes of items during the period
Dividends from surplus
Net profit
Total changes of items during the period
Balance at the end of the period
Total retained earnings
Balance at the beginning of the period
Changes of items during the period
Dividends from surplus
Net profit
Total changes of items during the period
Balance at the end of the period
Total shareholders’ equity
Balance at the beginning of the period
Changes of items during the period
Dividends from surplus
Net profit
Total changes of items during the period
Balance at the end of the period
Valuation and translation adjustments
Net unrealized valuation gains (losses) on other securities(available for sale securities)
Balance at the beginning of the period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of the period
Total valuation and translation adjustments
Balance at the beginning of the period
Changes of items during the period
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of the period
Total net assets
Balance at the beginning of the period
Changes of items during the period
Dividends from surplus
Net profit
Net changes of items other than shareholders’ equity
Total changes of items during the period
Balance at the end of the period(Note) Figures are rounded down to the nearest million.

9135,000−
135,000

4,423
2,010
2,010
6,434

53,567(12,064)
25,467
13,402
66,96957,990(10,053)
25,467
15,41373,404
192,990(10,053)
25,467
15,413
208,404

7,837
5,215
5,215
13,052
7,837
5,215
5,215
13,052200,828(10,053)
25,467
5,215
20,628221,457

Ⅱ Financial Data for Fiscal 2011（ended March 31, 2012）
1. Income Status【The Ashikaga Bank, Ltd. (Non-Consolidated basis）】
Item
Gross business profit
Domestic gross business profit
Core gross business profit
Net interest income
Net fees and commissions
Net trading income
Net other business income
International gross business profit
Core gross business profit
Net interest income
Net fees and commissions
Net trading income
Net other business income
Expenses
Personnel expenses
Non-personnel expenses
Taxes
Net business income (before provision for general reserve forpossible loan losses)
Gains (losses) on bonds
Provision for general reserve for possible loan losses
Net business income (after provision for general reserve forpossible loan losses)
Net non-recurrent gains (losses)
Gains (losses) on stocks
Disposal of non-performing loans
Write-off amount of loans
Provision for specific reserve for possible loan losses
Losses on sales of loans
Provision for reserve for contingent losses
Reversal of reserve for possible loan losses
Recoveries of written-off claims
Operating profit
Net special gains (losses)
Reversal of reserve for possible loan losses
Recovery of written-off claims
Net gains (losses) from fixed assets
Gains on dispositions of fixed assets
Losses on dispositions of fixed assets
Impairment losses
Losses caused by adoption of accounting standard for
asset retirement obligations
Provision for reserve for losses on disaster
Losses on advanced depreciation of fixed assets
Net profit before income taxes
Corporate, inhabitant, business taxes
Corporate tax adjustments, etc.
Net profit(Millions of yen)

FY 2011(A)
81,84480,74075,83865,032
10,548(A)-(B)(4,234)(3,915)(2,502)(3,691)857

FY 2010(B)
86,07984,65678,34068,723
9,691

−
5,159
1,103
1,022
356
103
−
644
54,127
25,77525,724
2,627−(1,081)
(319)
(401)
(151)
(9)
−
(158)
2,535
710
1,814
9

−
6,241
1,423
1,423
507
113
−
802
51,59225,06423,9092,618

27,717(6,769)34,486

4,984(2,593)(1,330)(2,593)6,315−

30,310(4,176)34,486(4,720)
1,736
7,525
3,110
4,342
95
(22)
−

4,828
1,950
(1,807)(5,729)
4,342
(276)
(144)
−

(9,548)
(214)
9,333
8,839
−
371
121
−

1,064

1,064

−

25,589
(195)
−

651
(1)
(61)

24,938
(194)
61

−
(186)
7
194
8

(669)
(343)
(326)
17
８

669
157
333
176
−

−

(378)

378

−
−
25,39483(156)
25,467

(518)
(186)
650
(0)
624
26

518
186
24,74384(781)
25,441(Note) Based on “Practical Guidelines on Accounting Standards for Financial Instruments” (JICPA Accounting Practice Committee Statements No.14),“Reversal of Reserves for possible Loan losses” and “Recovery of write-off claims” have been recorded in Net non-recurrent gains (losses)
beginning with this fiscal year. However retroactive adjustment was not made for the previous fiscal year.

10Reference (Credit related costs)【The Ashikaga Bank, Ltd.(Non-consolidated basis)】
Item
Provision for general reserve for possible loan losses①
Disposal of non-performing loans②
Write-off amount of loans
Provision for specific reserve for possible loan losses
Losses on sales of loans
Provision for reserve for contingent losses
Reversal of reserve for possible loan losses③
Reversal of general reserve for possible loan losses
Reversal of specific reserve for possible loan losses
Recovery of written-off claims④
Total ①＋②−③−④(Millions of yen)

FY 2011(A)(2,593)
7,525
3,110
4,342
95
(22)
−
−
−
1,064
3,868

(A)-(B)(2,593)(1,807)(5,729)
4,342
(276)
(144)
(61)
(5,606)
5,544
394(4,733)

Reference（Consolidated Income Status）【Ashikaga Holdings Co., Ltd.】FY 2010
(B)
−
9,333
8,839
−
371
121
61
5,606
(5,544)669
8,602(Millions of yen)

Item
Consolidated gross business profit
Net interest income
Net fees and commissions
Net trading income
Net other business income
General and administrative expenses
Write-off and reserve expenses of loans①
Reversal of reserve for possible loan losses②
Recovery of written-off claims③
Gains (losses) on stocks
Equity in gains (losses) of affiliated companies
OthersOperating Profit
Special gains (losses)
Reversal of reserve for possible loan losses②
Recovery of written-off claims③
Net profit before income taxes
Corporate, inhabitant, business taxes
Corporate tax adjustments, etc.
Income before minority interests
Minority interests
Net profit

FY 2011(A)
83,14865,263
11,863−
6,021
62,424
6,078
−
1,071
578
−
905
17,201(195)−−
17,005216(381)
17,170−17,170(A)-(B)(4,960)(4,375)614−(1,200)2,595(5,379)
−
1,071
2,396
−
144
1,436
232
−
(687)
1,669
(432)
916
1,185
−
1,185

FY 2010(B)
88,10969,63911,248−7,221
59,82911,457−−(1,818)−760
15,765(428)−
687
15,336649(1,298)15,985−
15,985(Note) Consolidated gross business profit=(Interest income-Interest expenses)+(Fees and commissions income-Fees and commissions expenses)+(Trading income-Trading expenses)+(Other business income-Other business expenses)
2. Based on “Practical Guidelines on Accounting Standards for Financial Instruments” (JICPA Accounting Practice Committee Statements No.14),“Reversal of Reserves for possible Loan losses” and “Recovery of write-off claims” have been recorded in other operating income beginning withthis fiscal year. However retroactive adjustment was not made for the previous fiscal year.

5,006

Credit related costs (①−②−③)

Reference（Number of Consolidated Subsidiaries）【Ashikaga Holdings Co., Ltd.】
Item
Number of consolidated subsidiaries
Number of affiliated companies applicable to the equity method11

FY 2011(A)
7−(5,762)(A)-(B)−−

10,769FY 2010(B)
7−

2. Net Business Income【The Ashikaga Bank, Ltd. (Non-consolidated basis）】
Item
Net business income (before provision for reserve for possible loan losses)

Per head (in thousands of yen)
Net business income
Per head (in thousands of yen)

(Millions of yen)

FY 2011(A)
27,717
10,20130,310
11,155(A)-(B)(6,769)(2,797)(4,176)(1,843)

FY 2010(B)
34,486
12,99934,486
12,9993. Interest Rate Spread【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item (Whole bank operations)Average yield on interest earning assets①
Average yield on loans and bills discounted
Average yield on securities
Average yield on interest bearing liabilities②
Average yield on deposits and negotiable certificates of deposit

Average yield on call money and borrowed money
Average interest rate spread①−②（％)

FY 2011
(A)
1.40
1.72
0.78
1.21
0.08
0.10
0.19

(A)-(B)(0.15)(0.15)(0.05)(0.01)(0.03)
0.00(0.14)FY 2010
(B)
1.55
1.87
0.83
1.22
0.11
0.10
0.33
（％)

Item (Domestic operations)Average yield on interest earning assets①
Average yield on loans and bills discounted
Average yield on securities
Average yield on interest bearing liabilities②
Average yield on deposits and negotiable certificates of deposit

Average interest rate spread①−②

FY 2011
(A)
1.40
1.72
0.77
1.19
0.08
0.21

(A)-(B)(0.14)(0.15)(0.05)(0.01)(0.02)(0.13)FY 2010
(B)
1.54
1.87
0.82
1.20
0.10
0.34

4. Gains and Losses on Securities【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item
Gains (losses) on bonds（Japanese government bonds, etc.）
Gains on sales
Gains on redemption
Losses on sales
Losses on redemption
Write-offs
Gains (losses) on stocks
Gains on sales
Losses on sales
Write-offs

12(Millions of yen)

FY 2011
(A)
4,984
4,957
27
−
−
−

(A)-(B)(1,330)(1,357)27−−−

FY 2010
(B)
6,315
6,315
−
−
−
−

1,736
2,150
0
414

1,950
1,072
(226)
(650)

(214)
1,077
226
1,065

5. Capital Adequacy Ratio（Domestic standard）【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item

As of Mar 31,
2012

(A)
Capital adequacy ratio
Tier 1 Capital ①
Tier 2 Capital ②
General reserve for loan losses
qualified as capital
Deductions ③
Capital ①＋②−③
Risk assets(Millions of yen)

(A-B)

(A-C)

As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

8.32%
193,658
15,725(0.37%)(4,082)419

0.25%
10,721
383

8.69%
197,741
15,305

8.07%
182,936
15,341

15,725419

383

15,305

15,341−
209,383
2,516,038−(3,663)
67,130−
11,10561,394−
213,0462,448,907−
198,278
2,454,644【Ashikaga Holdings Co., Ltd. (Consolidated basis)】
Item

(A)
Capital adequacy ratio
Tier 1 Capital ①
Tier 2 Capital ②
General reserve for loan losses
qualified as capital
Subordinated debts(Portion of subordinated debts not
qualified as capital)
Deductions ③
Capital ①＋②−③
Risk assets(Millions of yen)

As of Mar 31,
2012

(A-B)

(A-C)

As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

9.47%
141,326
95,578(0.04%)
3,989
1,769

0.84%
17,702
8,578

9.51%
137,337
93,808

8.63%
123,623
86,99915,578438

390

15,14015,18780,000−−80,00080,000

−

1,331

8,188

(1,331)(8,188)669
236,235
2,492,504

(12)
5,770
70,086(55)
26,33762,473681
230,464
2,422,417

724
209,898
2,430,030

6. Return on Equity【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item
Net business income basis (before provision for general reservefor possible loan losses)
Net business income basis
Net profit basis(%)

FY 2011(A)
13.12(A)-(B)(4.34)FY 2010
(B)
17.46

14.35
12.06

(3.11)(0.82)

17.46
12.88

*A denominator (Net average assets) is calculated as follows: (Net assets at the beginning of the period excludes
subscription rights to shares + Net assets at the end of the period excludes subscription rights to shares)/213

Ⅲ Status of Loans
1. Risk-monitored Loans【The Ashikaga Bank, Ltd. (Non-consolidated basis)】(1)Risk-monitored loans
Item

(A)
Loans to bankrupt borrowers
Non-accrual delinquent loans
Loans past due 3 month or more
Restructured loans
Total risk-monitored loans(Reference)Amount of partial direct write-off
executed
Total loans(Millions of yen)

As of Mar 31,
2012

(A-B)

3,659
84,831−
33,613
122,104

(827)
3,490
(60)
(212)
2,390

(A-C)
(731)
(3,488)
(18)
7,566
3,328

As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

4,487
81,34060
33,826
119,7144,390
88,31918
26,046
118,776

17,276(7,974)(6,179)25,251

23,456

3,641,006

211,734

167,7173,429,272

3,473,289

As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

(2)Ratio of Risk-monitored loans to total loans
Item

(%)

As of Mar 31,
2012

(A)
Loans to bankrupt borrowers
Non-accrual delinquent loans
Loans past due 3 month or more
Restructured loans
Total risk-monitored loans

(A-B)
0.10
2.32
−
0.92
3.35

(0.03)(0.05)(0.00)(0.06)(0.14)(A-C)(0.02)(0.22)(0.00)
0.18(0.06)

0.13
2.37
0.00
0.98
3.49

【Ashikaga Holdings Co., Ltd. (Consolidated basis)】(1)Risk-monitored loans
Item(Reference)Amount of partial direct write-off
executed
Total loans(Millions of yen)

As of Mar 31,
2012

(A)
Loans to bankrupt borrowers
Non-accrual delinquent loans
Loans past due 3 month or more
Restructured loans
Total risk-monitored loans

(A-B)

0.12
2.54
0.00
0.74
3.41

(A-C)

As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

3,757
86,454−33,613
123,825

(856)
3,507
(60)
(212)
2,377

(796)
(3,260)
(18)
7,566
3,491

4,614
82,94760
33,826
121,448

4,553
89,71418
26,046
120,333

20,331(8,116)(6,640)28,44826,972

3,642,549

211,832

167,9203,430,717

3,474,628

As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

(2)Ratio of Risk-monitored loans to total loans
Item

(A)
Loans to bankrupt borrowers
Non-accrual delinquent loans
Loans past due 3 month or more
Restructured loans
Total risk-monitored loans(%)

As of Mar 31,
2012

(A-B)
0.10
2.37
−
0.92
3.39

14

(0.03)(0.04)(0.00)(0.06)(0.15)(A-C)(0.03)(0.21)(0.00)
0.18(0.07)

0.13
2.41
0.00
0.98
3.54

0.13
2.58
0.00
0.74
3.46

2. Reserve for Possible Loan Losses【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item

(A)
Reserve for possible loan losses
General reserve for possible loan losses
Specific reserve for possible loan losses

Reserve for specific foreign debtors(Millions of yen)

As of Mar 31,
2012

(A-B)

44,75026,977
17,773
−

(A-C)

926
(725)
1,651
−

(5,467)(2,593)(2,874)−As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

43,82427,702
16,122−【Ashikaga Holdings Co., Ltd. (Consolidated basis)】
Item

General reserve for possible loan losses
Specific reserve for possible loan losses

Reserve for specific foreign debtors(Millions of yen)

As of Mar 31,
2012

(A)
Reserve for possible loan losses(A-B)

48,51927,156
21,362−50,21729,57020,647
−

(A-C)

(15)
(730)
714
−

(6,578)(2,599)(3,979)−As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

48,53427,886
20,648−55,09729,75525,342−As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

3. Ratio to Reserve for Total Risk-monitored Loans【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item

(%)

As of Mar 31,
2012

(A)

Before partial direct write-off

(A-B)
44.47
36.52

After partial direct write-off(3.10)
0.12(A-C)(7.38)(5.69)

47.57
36.40

51.85
42.21

As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

【Ashikaga Holdings Co., Ltd. (Consolidated basis)】
Item

As of Mar 31,
2012

(A)
Before partial direct write-off
After partial direct write-off

(%)

(A-B)
47.74
39.05

15

(3.54)(0.70)(A-C)(8.03)(6.67)

51.28
39.75

55.77
45.72

4. Loans subject to mandatory disclosure under the Financial Reconstruction
Law【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item

(A)

(A-B)

(A-C)

11,105(3,497)(6,414)

14,602

17,51977,582
33,613
122,301
3,557,822
3,680,123

6,095
(273)
2,324
217,215
219,540

2,122
7,548
3,255
173,404
176,660

71,48633,887
119,976
3,340,607
3,460,583

75,46026,065
119,0453,384,418
3,503,463

17,276(7,974)(6,179)25,251

23,456

Bankrupt and substantially bankrupt
claimsDoubtful claims
Claims requiring supervision
Subtotal ①
Normal claims
Total(Millions of yen）
As of Sep As of Mar
30, 2011
31, 2011

As of Mar 31,
2012(Reference) Amount of partial direct
write-off executed(B)【Ashikaga Holdings Co, Ltd. (Consolidated basis)】
Item
Bankrupt and substantially bankrupt
claimsDoubtful claims
Claims requiring supervision
Subtotal
Normal claims
Total(Reference) Amount of partial direct
write-off executed(Millions of yen）
As of Sep As of Mar
30, 2011
31, 2011

As of Mar 31,
2012

(A)

(C)

(A-B)

(A-C)

(B)

(C)

12,944(3,510)(6,229)16,455

19,174

77,72433,613
124,2823,560,098
3,684,381

6,088
(273)
2,305
217,396219,702

2,101
7,548
3,419
173,064
176,483

71,63533,887
121,977
3,342,701
3,464,678

75,622
26,065
120,863
3,387,034
3,507,897

20,331(8,116)(6,640)28,44826,972

5. Coverage of loans subject to mandatory disclosure under the Financial
Reconstruction Law【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item
Coverage amount ②
Portion covered by reserve
Portion covered by collateral andguarantees
Reserve for specific debtors（Millions of yen）
As of Sep As of Mar
30, 2011
31, 2011

As of Mar 31,
2012

(A)
80,841
22,614

(A-B)
794
1,744

(A-C)
(4,006)(1,394)(B)
80,046
20,870(C)84,84824,00958,226(949)(2,611)

59,17560,838

−

−

−

−

−

66.10

(0.61)(5.17)

66.71

71.27

(%)

Coverage ratio ②／①

16

6. Loan Portfolio(1) Classification of loans by type of industry【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item
Total
Manufacturing
Agriculture / Forestry
Fishery
Mining / Quarrying of stone / Gravel

Construction
Electricity, gas and water
Telecommunication
Transportation / Postal activities
Wholesale / Retail services
Financial and insurance services
Real estate / Goods rental and leasing

Services
Government / Local government
Others（Millions of yen）
As of Sep As of Mar
30, 2011
31, 2011

As of Mar 31,
2012

(A)

(A-B)

3,641,006
524,291
14,850561
4,748
138,686
20,804
41,522
97,574400,159
109,876354,944
317,624
431,873
1,183,484

211,734
2,063(1,115)
17
183
2,782
1,596
1,526
9,758
5,077
(3,122)
29,065
3,663
157,659
2,583

(A-C)
167,717(3,673)(4,837)(85)(199)(11,893)(1,153)
433
6,179
1,927
14,181
61,355(16,983)
106,286
16,180(2) Classification of risk-monitored loans by type of industry【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item
Total
Manufacturing
Agriculture / Forestry
Fishery
Mining / Quarrying of stone / Gravel

Construction
Electricity, gas and water
Telecommunication
Transportation / Postal activities
Wholesale / Retail services
Financial and insurance services
Real estate / Goods rental and leasing

Services
Government / Local government
Others(A-B)

122,104
30,215828−
56
13,093
4,005
850
2,557
17,551
2,163
17,675
19,241−
13,865

2,390
1,725
293
−
3
(1,131)
1,998
539
284
(778)
107
(400)
1,460
−
(1,714)

(A-C)
3,328
4,482
(124)
−
47
1,591
3,997
528
(97)
(1,897)(3,531)
1,714
(595)
−
(2,788)(3) Individual loans【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item
Individual loans
Housing loans
Other loans(A-B)

1,253,906
1,218,355
35,551

21,68823,172(1,484)

3,429,272
522,228
15,965544
4,565
135,904
19,20839,99687,816
395,082
112,998
325,879
313,961
274,214
1,180,901

3,473,289
527,964
19,687646
4,947
150,579
21,95741,08991,395398,232
95,695
293,589334,607
325,587
1,167,304

(B)

(C)

119,71428,490534−
52
14,224
2,006
311
2,272
18,3302,055
18,075
17,780−15,580(A-C)
26,53530,134(3,599)(B)(C)

1,232,218
1,195,183
37,035

1,227,371
1,188,221
39,150

As of Sep
30, 2011（%）
As of Mar31, 2011(B)(C)(4) Loans to small-and-medium-sized enterprises【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item
Ratio to total loans and bills discounted

As of Mar 31,
2012

(A)

(A-B)
70.74

17

(3.42)

118,776
25,732953−
911,5018
321
2,654
19,4495,694
15,96019,836−
16,654（Millions of yen）
As of Sep As of Mar
30, 2011
31, 2011

As of Mar 31,
2012

(A)

(C)

（Millions of yen）
As of Sep As of Mar
30, 2011
31, 2011

As of Mar 31,
2012

(A)

(B)

(A-C)
(3.30)

74.16

74.04

7. Loans to Entities Overseas by Country【The Ashikaga Bank, Ltd. (Non-consolidated basis)】(1) Specific overseas loans
Not applicable(2) Loans to Asian Countries(Millions of yen)

Item

As of Mar 31,
2012

(A)
China

(A-B)
328
−
328
−

(Risk-monitored loans included)
Total(Risk-monitored loans included)

(A-C)
22
−
22
−

As of Sep 30,
2011

As of Mar 31,
2011

(B)

(C)

(3)
−
(3)
−

306
−
306
−

332
−
332
−

(3) Loans to Latin American Countries
Not applicable(4) Loans to Russia
Not applicable

8. Balance of Deposits and Loans【The Ashikaga Bank, Ltd. (Non-consolidated basis)】(Millions of yen)

Item

As of Mar 31,
2012

(A)
Deposits
Deposits(Annual or semiannual average)

Loans
Loans
(Annual or semiannual average)(A-B)

As of Mar 31,
2011

(B)

(C)

4,686,264

162,201

146,717

4,524,062

4,539,546

4,528,944

6,351

158,908

4,522,592

4,370,035

3,641,006

211,734

167,7173,429,272

3,473,289

3,453,309

56,859113,466

3,396,449

3,339,842

18

(A-C)

As of Sep 30,
2011

Ⅳ Valuation Gains (Losses) on Securities
1. Valuation Standards of Securities
Market value method (Valuation differences are recognized as gains
or losses and stated in statement of income）

Trading purpose securities
Securities held to maturity

Amortized cost method

Other securities (available-for-sale securities)

Market value method (Valuation differences are stated in net assetsof balance sheet)

Stocks of subsidiaries and affiliated companies

Cost accounting method

2. Unrealized Valuation Gains (Losses) on Other Securities (available-for-sale securities)【The Ashikaga Bank, Ltd. (Non-consolidated basis)】(Millions of yen)
As of Mar 31, 2012

As of Sep 30, 2011
Unrealized valuation
gains (losses)

Unrealized valuation gains (losses)(A)
Held-tomaturity

Valuation
gains

Valuation
losses

2,751

4,130

9

(A-B)

(A-C)

4,121

167

Valuation
gains

Valuation
losses

3,953

3,960

6

(B)

As of Mar 31, 2011
Unrealized
valuation
gains (losses)
Valuation
gains

Valuation
losses

1,369

1,382

13

(C)

Bonds

4,041

104

2,707

4,041

−

3,936

3,936

−

1,334

1,334

−

Others

79

62

44

89

9

17

23

6

35

48

13

Other
(available-forsale)

17,537

7,889

7,564

21,978

4,441

9,647

16,530

6,883

9,972

17,1697,196

Stocks

10,093

5,478

2,159

10,648

555

4,614

6,013

1,399

7,933

8,958

1,025

Bonds

10,925582

4,544

11,170244

10,343

10,516

172

6,381

8,196

1,815

Others(3,481)

1,828

860

159

3,641

(5,310)1

5,311(4,341)

13

4,355

21,658

8,057

10,315

26,1094,451

13,601

20,491

6,890

11,342

18,551

7,209

10,093

5,478

2,159

10,648

555

4,614

6,013

1,399

7,933

8,958

1,025

Total
StocksBonds

14,966686

7,251

15,211

244

14,27914,452

172

7,715

9,531

1,815

Others(3,401)

1,891

904

249

3,650

(5,293)25

5,318(4,306)62

4,368(Note) Stocks in other securities (available-for-sale securities) that have market prices are stated at their average market prices
during the final month of the fiscal year, and bonds and others that have market prices are stated at their fiscal year-end
market prices.

【Ashikaga Holdings Co., Ltd. (Consolidated basis)】
As of Mar 31, 2012
Unrealized valuation gains (losses)(A)
Held-tomaturity

(A-B)

(A-C)

Valuation
gains(Millions of yen)

As of Sep 30, 2011
Unrealized valuation
gains (losses)

Valuation
lossesValuation
gains

(B)

Valuation
losses

As of Mar 31, 2011
Unrealized
valuation
gains (losses)(C)

Valuation
gains

Valuation
losses

4,121

167

2,751

4,130

9

3,953

3,960

6

1,369

1,382

13

Bonds

4,041

104

2,707

4,041

−

3,936

3,936

−

1,334

1,334

−

Others

79

62

44

89

9

17

23

６

35

48

13

Other
(available-forsale)

13,599

8,754

8,646

18,855

5,255

4,845

15,261

10,416

4,,952

14,2309,277

Stocks

4,272

6,389

3,417

7,445

3,172

(2,116)

4,600

6,717

855

5,754

4,899

Bonds

11,008520

4,353

11,253245

10,488

10,661

172

6,655

8,470

1,815

Others(1,681)

1,844

876

156

1,838

(3,526)−3,526(2,557)

5

2,563

17,7208,921

11,39822,985

5,265

8,799

19,222

10,422

6,322

15,613

9,291

Stocks

4,272

6,389

3,417

7,445

3,172

(2,116)

4,600

6,717

855

5,754

4,899

Bonds

15,049624

7,060

15,294245

14,424

14,597

172

7,989

9,805

1,815

Others(1,601)

1,907

920

245

1,847

(3,508)23

3,532(2,522)

53

2,576

Total

(Note) Stocks in other securities (available-for-sale securities) that have market prices are carried at their average market prices
during the final month of the fiscal year, and bonds and others that have market prices are carried at their fiscal year-end
market prices.

19

V Employees’ Severance and Retirement Benefits
1. Projected Retirement Benefit Obligation【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item(Millions of yen）
As of Mar 31, 2011

As of Mar 31, 2012

(A)

Projected retirement benefit obligation ①（Discount rate）
Fair value of plan assets ②
Unrealized actuarial differences ③
Sub total ①＋②＋③
Prepaid pension expenses
Reserve for employee retirement
benefits

(B)

(A-B)
(47,724)2%(233)(47,490)2％

30,4202,849(14,455)
933

869
(596)
38
542

29,5503,445(14,494)391(15,389)(503)(14,885)【Ashikaga Holdings Co., Ltd. (Consolidated basis)】
Item(Millions of yen）
As of Mar 31, 2011

As of Mar 31, 2012

(A)

Projected retirement benefit obligation ①（Discount rate）
Fair value of plan assets ②
Unrealized actuarial differences ③
Sub total ①＋②＋③
Prepaid pension expenses
Reserve for employee retirement
benefits

(B)

(A-B)
(49,610)2%（305)(49,304)2％

31,173
3,309(15,126)
930

937
(540)
91
539

30,2363,850(15,218)391(16,057)(447)(15,610)

2. Retirement Benefit Costs【The Ashikaga Bank, Ltd. (Non-consolidated basis)】
Item(Millions of yen）
As of Mar 31, 2011

As of Mar 31, 2012

(A)

(B)

(A-B)

Retirement benefit costs
Service cost
Interest cost

2,505
1,336
942
(591)
804
13

Expected return on plan assets

Recognized actuarial loss
Other retirement cost

91
8
4
(3)
82
0

【Ashikaga Holdings Co., Ltd. (Consolidated basis)】
Item(Millions of yen）
As of Mar 31, 2011

As of Mar 31, 2012

(A)

(B)

(A-B)

Retirement benefit costs

2,710

20

2,413
1,327
938
(587)
721
12

112

2,598