INTERIM CONSOLIDATED BALANCE SHEETSThe Iyo Bank, Ltd. and Its consolidated subsidiaries
As of September 30, 2020 and 2019
Millions of yen
2020

2019

ＡＳＳＥＴＳCash and due from banks ----------------------------------------------------------------------------￥ 1,282,559￥
931,174
Receivables under resale agreements -----------------------69,046
Monetary claims purchased --------------------------------6,986
8,351
Trading account securities ----------------------------------------717
754
Money held in trust -------------------------------------------------------------------------8,233
6,109
Securities -------------------------------------------------------------------------1,839,219
1,684,986
Loans and bills discounted ----------------------------------------- 4,851,440
4,594,920
Reserve for loan losses ------------------------------(29,453)(28,639)
Foreign exchange ----------------------------------------------------------------37,254
11,709Lease receivables and investment assets -------------------------32,818
33,353
Other assets -------------------------------------------------------------------------123,515
88,014
Tangible fixed assets---------------------------------------------------72,035
73,515Intangible fixed assets------------------------------------------------ 7,751
7,777
Net defined benefit asset--------------------------------19,864
18,640
Customers' liabilities for acceptances and guarantees --------------26,675
32,726
Deferred tax assets ----------------------------------------------194
191
Total assets ------------------------------------------------------------------------------￥ 8,348,860￥ 7,463,586
ＬＩＡＢＩＬＩＴＩＥＳ ＡＮＤ NET ASSETS
Liabilities
Deposits -----------------------------------------------------------------------------￥ 6,160,914￥ 5,793,076
Call money and bills sold -------------------------------------------------------------------------88,464
60,251
Payables under repurchase agreements --------------------216,091
36,921
Payables under securities lending transactions----------------------163,019
351,979
Borrowed money ---------------------------------------------------------791,302
395,655
Foreign exchanges --------------------------------------------------------210
172
Borrwed money from trust account -------------------------------15
31
Other liabilities ------------------------------------------------86,953
35,799Accrued employees' bonuses ------------------------------------1,658
1,666
Net defined benefit liability------------------------------12,287
12,315Reserve for losses on repayments of dormant bank accounts -----------2,084
2,831
Reserve for contingent losses ----------------------------------584
559
Reserve for share-based payments------------------------225
133
Reserve under the special laws --------------------------2
1
Deferred tax liabilities -----------------------------------------77,032
60,300
Deferred taxes on revaluation excess --------------------------------------------------9,607
9,765
Acceptances and guarantees ---------------------------------------------26,675
32,726
Total liabilities --------------------------------------------------------￥ 7,637,126￥ 6,794,187
Net Assets
Common stock
Authorized－600,000,000 shares
Issued－323,775,366 shares as of September 30, 2020-----------------------￥
20,948
Capital surplus ------------------------------------------------20,352
Retained earnings ----------------------------------------------444,931
Treasury stock -------------------------------------------(5,045)
Total stockholders' equity ------------------------------------481,187
Net unrealized holding gains(losses) on securities ------------------205,071
Net deferred gains (losses) on derivatives under hedge accounting -----(1,092)
Land revaluation excess----------------------------------------19,245
Remeasurements of defined benefit plans---------------------(794)
Total accumulated other comprehensive income ------------------------ 222,430
Stock acquisition rights ----------------------------------273
Noncontrolling interests--------------------------------------7,842
Total net assets----------------------------------------711,733
Total liabilities and net assets-------------------------------￥ 8,348,860
Note:

￥

￥

20,948
11,612
427,153(5,131)
454,583
171,771(1,448)19,579436
190,339
343
24,132
669,399
7,463,586

Thousands of U.S.
dollars
2020
＄

＄

＄

＄

＄

＄

12,122,485
652,608
66,0306,776
77,816
17,383,922
45,854,820(278,383)
352,117
310,189
1,167,438
680,860
73,260187,750
252,126
1,833
78,911,720

58,231,701
836,143
2,042,448
1,540,822
7,479,224
1,984
141
821,862
15,671
116,134
19,697
5,519
2,126
18
728,090
90,803
252,126
72,184,555

197,996
192,362
4,205,396(47,684)
4,548,081
1,938,289(10,321)
181,899(7,504)
2,102,362
2,580
74,1206,727,155
78,911,720(1) Japanese yen figures are expressed with amounts under one million omitted. Accordingly figures may not add up to sums.
(2) U.S. dollar amounts represent translation of Japanese yen at the exchange rate of \105.80 to U.S. $1.00 on September 30, 2020.

INTERIM CONSOLIDATED STATEMENTS OF INCOME
The Iyo Bank, Ltd. and Its consolidated subsidiaries
For the six months ended September 30, 2020 and 2019
Thousands of U.S.

Millions of yen
2020

2019

dollars
2020

ＩＮＣＯＭＥInterest and dividend income:Interest on loans and discounts ------------------------------------------------------------------------------------￥
25,082￥
27,332＄ 237,069
Interest and dividends on securities ---------------------------------------12,051
11,349113,903
Other interest income ------------------------------------------------------------358
740
3,383
Fees and commissions -------------------------------------------------------------------------6,985
7,842
66,020
Other operating income -----------------------------------------------------------15,953
13,203
150,784
Other income------------------------------------------------------------------------3,273
3,737
30,935
Total income ------------------------------------------------------------------------------63,705
64,206602,126
ＥＸＰＥＮＳＥＳInterest expense:
Interest on deposits -----------------------------------------------------------------------------------8872,488Interest on borrowings and rediscounts ---------------------------------------------------------795888Interest on payables under repurchase agreements-----76
301
Interest on payables under securities lending transactions
10851
Other interest expenses ------------------------------------------------------------795
2,328
Fees and commissions -------------------------------------------------------------------------2,519
2,542
Other operating expenses -----------------------------------------------------------9,046
7,791
General and administrative expenses -----------------------------------------------------------------25,979
26,147
Other expenses ------------------------------------------------------------------------3,670
4,594
Total expenses ------------------------------------------------------------------------------43,781
47,934
Interim income before income taxes ---------------------------------------------19,924
16,271
Income taxes
Current ----------------------------------------------------------------5,109
4,317
Deferred ----------------------------------------------------------------750
206
Total taxes -------------------------------------------5,860
4,523Interim net income------------------------------------14,063
11,747
Profit attributable to noncontrolling interests ----------66
707
Profit attributable to owners of parent -----------------13,997
11,039

8,383
7,514
718
94
7,514
23,80985,500245,548
34,688413,809
188,317
48,2897,088
55,387
132,920623
132,296

INTERIM CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
The Iyo Bank, Ltd. and Its Consolidated Subsidiaries
For the years ended September 30, 2020 and 2019
Thousands of U.S.
dollars
2020

Millions of yen
2020
Interim net income--------------------------------------------- ￥Other comprehensive income--------------------------------------------Net unrealized holding gains (losses) on securities---------------------Net deferred gains (losses) on derivatives under hedge accounting-----Remeasurements of defined benefit plans------------------------Comprehensive income--------------------------------------------------￥
Comprehensive income attribute to:Comprehensive income attribute to owners of parent ----------￥
Comprehensive income attribute to non-controlling interests----------

2019
14,06336,93238,962(1,885)(144)
50,996￥50,263732￥￥

11,747
11,522
11,767
97(342)
23,270＄21,8701,400＄＄

132,920
349,073368,260(17,816)(1,361)
482,003
475,075
6,918

INTERIM CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETSThe Iyo Bank, Ltd. and its Consolidated Subsidiaries
For the year ended September 30, 2020
Millions of yen
Stockholders' equity
Common stock
Balance at the beginningof the accounting period
Changes during theaccounting period
Dividends
Profit attributable to ownersof parent
Purchase of treasury stock
Disposal of treasury stockReversal of land revaluation
excess￥Capital surplus

20,948 ￥

14,578 ￥Treasury stock

433,082 ￥Total stockholders'equity(5,131) ￥463,478(2,217)(2,217)

13,997(0)
86

13,997
(0)
98

11
69

Purchase of shares of
consolidated subsidiaries
Changes in items other thanstockholders' equity, net
Total changes during
the accounting period
Balance at the endof the accounting period

Retained earnings

69

5,761

￥

5,761

-

5,773

11,84986

17,70820,948 ￥20,352 ￥444,931 ￥(5,045) ￥481,187

Thousands of U.S. dollars
Stockholders' equity
Common stock
Balance at the beginningof the accounting period
Changes during theaccounting period
Dividends
Profit attributable to ownersof parent
Purchase of treasury stock
Disposal of treasury stockReversal of land revaluation
excessPurchase of shares of
consolidated subsidiaries
Changes in items other thanstockholders' equity, net
Total changes during
the accounting period
Balance at the endof the accounting period$

Capital surplus

197,996

Purchase of treasury stock
Disposal of treasury stockReversal of land revaluation
excessPurchase of shares of
consolidated subsidiaries
Changes in items other thanstockholders' equity, net
Total changes during
the accounting period
Balance at the endof the accounting period$(48,497) $4,380,699(20,954)(20,954)

132,296(0)812

132,296(0)926

4,093,402$

Total stockholders'

652

652

54,451$

197,996￥

54,45154,565$

192,362

111,994$

4,205,396$

812

167,372(47,684) $4,548,081

Total other comprehensive income
Net deferred gains
Land revaluation Remeasurements of

166,775 ￥792 ￥19,315 ￥Total accumulated(650) ￥

Stock acquisitionrights186,233 ￥Noncontrollinginterests

343 ￥Millions of yen
Total net assets

21,792 ￥671,848(2,217)
13,997
(0)
98
69

￥

38,295(1,885)38,295(1,885)205,071 ￥(1,092) ￥Net unrealized
Balance at the beginningof the accounting period
Changes during theaccounting period
Dividends
Profit attributable to ownersof parent
Purchase of treasury stock
Disposal of treasury stockReversal of land revaluation
excessPurchase of shares of
consolidated subsidiaries
Changes in items other thanstockholders' equity, net
Total changes during
the accounting period
Balance at the endof the accounting period

137,788

Treasury stock103

Net unrealized
Balance at the beginningof the accounting period
Changes during theaccounting period
Dividends
Profit attributable to ownersof parent$

Retained earnings$

1,576,323

(69)

(144)

(69)

(144)
(794) ￥

19,245 ￥Total other comprehensive income
Net deferred gains
Land revaluation Remeasurements of

$

7,485

$

182,561$(5,761)-(69)(8,187)27,93836,196(69)(13,949)

222,430 ￥273 ￥36,196

Total accumulated(6,143) $1,760,236

3,241

711,733

Thousands of U.S. dollars
Noncontrolling
Total net assetsinterests

Stock acquisitionrights

$39,885

7,842 ￥$

205,973$

6,350,170(20,954)
132,296
(0)
926
652

$

(54,451)-

361,956(17,816)(652)(1,361)

342,117(652)(77,381)

264,064

361,956(17,816)(652)(1,361)

342,117(652)(131,843)

376,984(7,504) $2,102,362

1,938,289$(10,321) $181,899

$

$

2,580

$

74,120$6,727,155

INTERIM CONSOLIDATED STATEMENT OF CHANGES IN NET ASSETSThe Iyo Bank, Ltd. and its Consolidated Subsidiaries
For the year ended September 30, 2019
Millions of yen
Stockholders' equity
Common stock
Balance at the beginningof the accounting period
Changes during theaccounting period
Dividends
Profit attributable to ownersof parent
Purchase of treasury stock
Disposal of treasury stockReversal of land revaluation
excess￥Capital surplus

20,948 ￥Retained earnings

11,604 ￥Treasury stock

418,320 ￥Total stockholders'equity(5,189) ￥(2,217)445,684(2,217)

11,03911,039
(0)
66

(0)
58

8
10

10

Changes in items other thanstockholders' equity, net
Total changes during
the accounting period
Balance at the endof the accounting period

￥

-

8

8,833

58

8,899

20,948 ￥

11,612 ￥427,153 ￥(5,131) ￥454,583
Millions of yen

Total other comprehensive income
Net unrealized
Balance at the beginningof the accounting period
Changes during theaccounting period
Dividends
Profit attributable to ownersof parent
Purchase of treasury stock
Disposal of treasury stockReversal of land revaluation
excessChanges in items other thanstockholders' equity, net
Total changes during
the accounting period
Balance at the endof the accounting period￥

Net deferred gains

160,696 ￥Land revaluation(1,545) ￥Remeasurements of

19,590 ￥Total accumulated

779 ￥Stock acquisitionrights179,519 ￥Noncontrollinginterests

397 ￥Total net assets

22,725 ￥648,327(2,217)
11,039
(0)
66
10

￥

11,075

97

(10)

(342)

10,819

(54)

1,407

12,172

11,075

97

(10)

(342)

10,819

(54)

1,407

21,071

171,771 ￥(1,448) ￥19,579 ￥436 ￥190,339 ￥343 ￥24,132 ￥669,399

INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWSThe Iyo Bank, Ltd.and Its consolidated subsidiaries
For the six months ended September 30, 2020 and 2019
Millions of yen
2020
2019

Thousands of U.S.
dollars
2020

Cash flows from operating activities:
Interim income before income taxes ---------------------------------------------------------------------------￥
19,924￥ 16,271$
188,317
Depreciation -----------------------------------------------------------------------------------------------------------2,427
2,400
22,939Impairment losses ---------------------------------------------------------------128
20
1,209
Increase (decrease) in reserve for loan losses ---------------------------------------------------------------------------------------------(1,920)
736(18,147)
Increase (decrease) in accrued for employees' bonuses ----------------------------------9785
Decrease (increase) in net defined benefit asset------------------------------------(1,130)(1,140)(10,680)
Increase (decrease) in net defined benefit liability----------------------------------(199)34(1,880)
Increase (decrease) in reserve for losses on repayment of dormant bank accounts ----------(309)(470)(2,920)
Increase (decrease) in reserve for contingent losses -----------------------------------(7)42(66)
Increase (decrease) in reserve for share-based payments -----------------------32
46
302
Interest and dividend income ----------------------------------------------------------------------------------------------------------(37,492)(39,422)(354,366)
Interest expense --------------------------------------------------------------------------------------------------------------------2,564
6,857
24,234
Securities losses (gains), net ----------------------------------------------------------------------------------------------------------(4,890)(4,086)(46,219)
Money in trust losses (gains), net ------------------------------------------------------------------------------------------------------(6)
(171)
(56)
Foreign exchange losses (gains), net ----------------------------------------------------------------------------------------------------2,304
7,481
21,776
Losses (gains) on disposal of tangible fixed assets, net -------------------------------------- 91
37
860
Net changes in loans and bills discounted ------------------------------------------------------------------------------------------------(118,348)(67,109)(1,118,601)
Net changes in deposits --------------------------------------------------------------------------------------------------------------432,171
105,055
4,084,792
Net changes in borrowed money (excluding subordinated borrowings)--------------------------------------------------------------------------20,924
29,798
197,769
Net changes in deposits from banks ----------------------------------------------------------------------------------------------------(1,004)(485)(9,489)Net changes in call loans -------------------------------------------------------------------------------------------------------------287,699
2,573
2,719,272
Net changes in call money ----------------------------------------------------------------------------------------------------------56,579(130,961)
534,773
Net changes in payables under securities lending transactions--------------------(35,417)
275,011(334,754)
Net changes in foreign exchange assets -------------------------------------------------------------------------------------------------(26,512)(4,544)(250,586)
Net changes in foreign exchange liabilities -----------------------------------------------------------------------------------------------(85)
(77)
(803)
Net changes in lease receivables and investment assets ------------------------------985(1,909)9,310
Net changes in borrowed money from trust account----------------------------(13)0(122)
Interest income received -------------------------------------------------------------------------------------------------------------37,319
39,666
352,731
Interest expense paid ------------------------------------------------------------------------------------------------------------(3,113)(7,144)(29,423)
Other ------------------------------------------------------------------------- (30)
(2,017)(283)
Subtotal --------------------------------------------------------------632,679
226,5025,979,952
Income taxes paid -------------------------------------------------------------(4,022)(2,988)(38,015)
Net cash provided by (used in) operating activities -------------------------------------------------------------------------------------------628,656
223,513
5,941,928

Cash flows from investing activities:
Purchases of securities ---------------------------------------------------------------------------------------------------------------(374,847)(285,400)(3,542,977)
Proceeds from sales of securities -------------------------------------------------------------------------------------------------------253,327
138,170
2,394,395
Proceeds from maturities of securities --------------------------------------------------------------------------------------------------70,096
49,570662,533
Increase in money held in trust---------------------------------------------(1,885)(47)(17,816)
Decrease in money held in trust--------------------------------------------532
473
5,028
Purchases of tangible fixed assets-------------------------------------------(1,356)(1,257)(12,816)
Proceeds from sales of tangible fixed assets ------------------------------------36
10340
Purchases of intangible fixed assets-----------------------------------------(941)(1,792)(8,894)
Net cash provided by (used in) investing activities -------------------------------------------------------------------------------------------(55,039)(100,273)(520,217)

Cash flows from financing activities
Proceeds from share issuance to noncontrolling shareholders--------------------5
13
47
Cash dividends paid -----------------------------------------------------------------------------------------------------------------(2,217)(2,217)(20,954)
Cash dividends paid to noncontrolling stockholders ----------------------------------------------------------------------------------------(5)(5)(47)
Purchases of treasury stock -----------------------------------------------------------------------------------------------------------(0)(0)(0)
Proceeds from sales of treasury stock----------------------------------------0
0
0
Payments from changes in ownership interests in subsidiaries that do not resulg in(8,921)(84,319)change in scope of consolidation
Net cash provided by (used in) financing activities -------------------------------------------------------------------------------------------(11,138)(2,210)(105,274)

Foreign currency translation adjustments ------------------------------------------------------------------------------------(10)(9)(94)
Net increase (decrease) in cash and cash equivalents -------------------------------------------------------------------------------------562,467
121,020
5,316,323
Cash and cash equivalents at beginning of year ------------------------------------------------------------------------------------------717,887
808,389
6,785,321
Cash and cash equivalents at the end of year -----------------------------------------------------------------------------￥ 1,280,355￥ 929,410$
12,101,654