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 Three Months Ended June 30, 2023
[Japanese GAAP]
August 07, 2023
Company name: Nishi-Nippon Financial Holdings, Inc.
Stock exchange listing: Tokyo,Fukuoka
Code number: 7189
URL: https://www.nnfh.co.jp
Representative: Hideyuki Murakami
President
Contact: Hiroto Funatsu
General Manager of Corporate Planning Division
Phone: 092-476-5050
Scheduled date of filing quarterly securities report: August 10, 2023
Scheduled date of commencing dividend payments: Trading Accounts: Yes
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 Three Months Ended June 30, 2023 (April 01, 2023 to June 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable toOrdinary revenues
Ordinary profit
owners of parent
Million yen%
Million yen%
Million yen%Three months ended
June 30, 2023
45,29022.6
12,666
4.2
8,565
3.4
June 30, 2022
36,9301.0
12,150(14.6)
8,283(14.4)(Note) Comprehensive income:Three months ended June 30, 2023:¥
19,777 million [-%]
Three months ended June 30, 2022:¥(7,720) million [-%]
Basic earnings
per share
Three months ended
June 30, 2023
June 30, 2022

Diluted earnings pershare
YenYen

60.53
57.40

-(2) Consolidated Financial Position
Total assets
As ofJune 30, 2023
March 31, 2023
(Reference) Equity:

Net assets
Million yen

Capital adequacy ratio
Million yen%

555,137
539,444
As of June 30, 2023:¥545,484 million
As of March 31, 2023:¥
529,823 million(Note) Capital adequacy ratio = (Total net assets - Non-controlling interests ) / Total assets.
The ratio above is not based on the regulation of Capital Adequacy Ratio.

3.9
4.1

13,880,594
12,985,181

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-endYen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

17.50

-

27.50

45.00

Fiscal year ending March 31, 2024

25.00

-25.0050.00

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

Total

No

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024 (April 01, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to owners ofOrdinary profit
Basic earnings per shareparentMillion yen%Six months ended
18,500(2.8)
September 30, 2023
Full year
34,5002.4(Note) Revision to the financial results forecast announced most recently:

Million yen%

Yen

12,500

(7.4)

88.34

24,000No(7.9)

169.62* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):No(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

Yes(3) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
June 30, 2023:
148,596,955 shares
March 31, 2023:
148,596,955 shares2) Total number of treasury shares at the end of the period:
June 30, 2023:
7,102,265 sharesMarch 31, 2023:
7,102,038 shares
3) Average number of shares during the period:
Three months ended June 30, 2023:
Three months ended June 30, 2022:

141,494,801 shares
144,307,874 shares(Note) The total number of treasury shares at the end of the period includes treasury shares held by a trust account for Board
Benefit Trust (BBT) (121,000 shares as of June 30, 2023). In addition, treasury shares held by the trust account(121,000 shares for three months ended June 30, 2023) are included in the number of treasury shares that is deductedin the calculation of the average number of shares during the period.
(Note)This report is out of the scope of the quarterly review by certified public accountants or independent audit firms.
(Note)Explanation for proper use of forecasts and other notes
The above forecasts are based on the information which is presently available and certain assumptions which areconsidered to be reasonable.
Actual results may differ materially from those forecasts depending on various future factors.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Million yen)
As of March 31,2023
AssetsCash and due from banks
Call loans and bills bought
Monetary claims bought
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Other assets
Tangible fixed assets
Intangible fixed assets
Retirement benefit asset
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Allowance for investment loss
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money and bills sold
Securities sold under repurchase agreements
Cash collateral received for securities lent
Borrowed money
Foreign exchanges
Borrowed money from trust account
Other liabilities
Provision for share awards for directors (and otherofficers)
Retirement benefit liability
Provision for retirement benefits for directors (andother officers)
Provision for reimbursement of deposits
Provision for contingent loss
Reserves under special laws
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Acceptances and guarantees
Total liabilities

As of June 30,2023

1,946,575
8,011
42,733
11,6091,792,650
8,955,399
17,311
99,071
116,854
5,204
8,038
6,367
16,372(40,455)(562)
12,985,181

2,723,572
65,00042,43911,702
1,775,979
9,034,507
7,379
110,559
116,293
5,044
8,441
1,523
18,930(40,216)(561)
13,880,594

9,791,772
167,423
512,491
265,881
293,853
1,249,709
504
5,233
120,171

10,195,277
255,116
643,948309,381
388,469
1,351,777
288
5,401
134,991

4

5

4,647

4,108

200

196

545
1,194
12
1,070
14,646
16,372
12,445,737

466
1,163
12
1,272
14,646
18,93013,325,456

(Million yen)
As of March 31,2023
Net assets
Share capital
Capital surplus
Retained earningsTreasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for landRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

50,000118,706
325,460(5,698)488,468
25,757
1,015
29,425(14,843)
41,355
9,620
539,444
12,985,181

As of June 30,2023

50,000118,706
330,131(5,699)493,138
35,967
1,290
29,425(14,338)
52,346
9,652
555,13713,880,594

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Million yen)
For the three months
ended June 30,2022
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Trust fees
Fees and commissions
Gain on trading account transactions
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 losses
Loss on disposal of non-current assets
Profit before income taxes
Income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

36,93026,37620,080
5,197
0
8,170
396
961
1,026
24,779
1,064
93
1,951
1,122
20,086554
12,15022
2212,128
3,748
8,379
96
8,283

For the three months
ended June 30,2023
45,29028,293
20,525
6,847
0
9,593
295
3,135
3,972
32,624
5,948
120
3,184
2,183
20,836
470
12,66647
47
12,619
3,889
8,729
164
8,565

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Million yen)
For the three months
ended June 30,2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the three months
ended June 30,2023

8,379(16,100)(16,997)
433
462

8,729
11,048
10,263
275
505

-

4

(7,720)19,777(7,804)

19,55683

221