Tokyo Kiraboshi Financial Group, Inc.
Listed Code: 7173
(URL: https://www.tokyo-kiraboshifg.co.jp/)
Listed Stock Exchange: TSE1
November 10, 2021

Consolidated Financial Reportfor the First Half of the Fiscal Year Ending March 31, 2022
<Under Japanese GAAP>
Representative: Hisanobu Watanabe, President
Responsible person for inquiries: Nobuyuki Yasuda, Director and General Manager of Corporate Planning
Division
Telephone: +81-3-6447-5799
Date of submission of quarterly security report: November 24, 2021
Date to start dividend payment: December 2, 2021
Establishment of special transaction account: Not establishedPreparation of supplementary material on financial results: Yes
Holding of financial results presentation meeting: Yes
Note: Figures have been rounded down to the nearest million yen.

1. Consolidated Operating Performance for the First Half of the Fiscal Year Ending March 31, 2022
(From April 1, 2021 to September 30, 2021)(1) Results in consolidated operations
Ordinary income(Percentages represent year-on-year changes.)
Profit attributable toOrdinary profit
owners of parent(¥ million)(%)(¥ million)(%)(¥ million)(%)

First half of the fiscal year ending March 31, 2022

46,930

(0.0)

7,399

109.0

First half of the fiscal year ended March 31, 2021

46,965

5.0

3,540

24.7

4,765

131.6

2,057

(39.2)(Note) Comprehensive income: First half of the fiscal year ending March 31, 2022: ¥ 11,420 million

81.8%First half of the fiscal year ended March 31, 2021: ¥ 6,280 million(1.3%)

Profit attributable to owners ofparent per share (¥)

Profit attributable to owners ofparent per share (Diluted) (¥)

First half of the fiscal year ending March 31, 2022

152.6475.42

First half of the fiscal year ended March 31, 2021

63.68

31.61

(2) Consolidated financial position
Total assets(¥ million)

Total net assets(¥ million)

Net assets tototal assets ratio (%)

First half of the fiscal year ending March 31, 2022
6,386,845
321,123
5.0
5,921,945
310,880
5.2
Fiscal year ended March 31, 2021
(Reference)
Equity:First half of the fiscal year ending March 31, 2022: ¥ 321,110 million
Fiscal year ended March 31, 2021: ¥ 310,849 million(Note)“Equity” consists of subscription rights to shares at the end of the period and non-controlling interests at the end of the period
subtracted from net assets, and the “Net assets to total assets ratio” is calculated by dividing equity by total assets at the end of
the period. Note that this “Net assets to total assets ratio” is not the net assets to total assets ratio required for the Capital
Adequacy Ratio Notification (Financial Services Agency Notification No. 20 of 2006).

2. Dividends

Fiscal year ended March 31, 2021

First quarter–

Fiscal year ending March 31, 2022–

Annual dividend per share (¥)
Second quarter Third quarter Fiscal year-end
30.00
–
30.00

Annual
60.00

30.00

Fiscal year ending March 31, 2022

–
30.00
60.00
(Forecast)(Note 1) Changes to the dividend forecast most recently announced: None
(Note 2) “Dividends” above refers to dividends for common stock. With regard to dividends for class shares (unlisted) issued by
the Company with different rights than those of common stock, refer to “Dividend situation for class shares” below.

3. Forecast of Consolidated Operating Performance for the Fiscal Year Ending March 31, 2022
(From April 1, 2021 to March 31, 2022)(Percentages represent increases or decreases from the previous year results.)

Profit attributable toowners of parent

Ordinary profit(¥ million)(%)(¥ million)

Profit attributable toowners of parent per share

(%)

(¥)

15,00082.3
10,000140.2
Full-year(Note) Changes to the forecast of consolidated operating performance most recently announced: None

320.82* Notes(1) Changes in significant subsidiaries during the current period (Changes in specified subsidiaries
resulting in change in scope of consolidation): None
New subsidiaries: ___ (name of company(ies))

Excluded subsidiaries: ___ (name of company(ies))(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period
financial statements after error corrections
a. Changes in accounting policies due to revisions to accounting standards: Yes
b. Changes in accounting policies due to other reasons: Nonec. Changes in accounting estimates: None
d. Restatement of prior period financial statements after error corrections: None

(3) Number of shares issued (common stock)a. Total number of shares issued at the end of the period (including treasury stock)
First half of the fiscal year ending March 31, 2022

30,650,115 sharesFiscal year ended March 31, 2021

30,650,115 sharesb. Number of treasury stock at the end of the period
First half of the fiscal year ending March 31, 2022

254,641 sharesFiscal year ended March 31, 2021

264,532 sharesc. Average number of shares during the period (cumulative from the beginning of the fiscal year)
First half of the fiscal year ending March 31, 2022

30,394,304 sharesFirst half of the fiscal year ended March 31, 2021

30,372,359 shares(Note)The Company introduced Board Benefit Trust and the Company’s shares held by the said trust are included in treasury stock.

(Non-consolidated Financial Statements)
1. Non-consolidated Operating Performance for the First Half of the Fiscal Year Ending March 31, 2022
(From April 1, 2021 to September 30, 2021)(1) Results in non-consolidated operations(Percentages represent year-on-year changes.)

Operating income
First half of the fiscal
year ending March 31,
2022
First half of the fiscal
year ended March 31,
2021

Operating profit

Ordinary profit

Net income(¥ million)(%)(¥ million)(%)(¥ million)(%)(¥ million)

(%)

1,737

10.2

1,103

6.2

1,132

8.4

1,104

5.0

1,576

2.1

1,037

(4.7)

1,044

(3.1)

1,051

(1.6)

Net income per
share
(¥)
First half of the fiscal
year ending March
31, 2022
First half of the fiscal
year ended March 31,
2021

32.21

30.57

(2) Non-consolidated financial position
Total assets(¥ million)

Total net assets(¥ million)

Net assets tototal assets ratio(%)

First half of the fiscal year ending March 31, 2022
199,908
199,73499.9
200,350
199,655
99.6
Fiscal year ended March 31, 2021
(Reference)
Equity:First half of the fiscal year ending March 31, 2022: ¥199,720 million
Fiscal year ended March 31, 2021: ¥199,624
million(Note)“Equity” consists of subscription rights to shares at the end of the fiscal year subtracted from net assets, and the “Net assets tototal assets ratio” is calculated by dividing equity by total assets at the end of the fiscal year. Note that this “Net assets to total
assets ratio” is not the net assets to total assets ratio required for the Capital Adequacy Ratio Notification (Financial Services
Agency Notification No. 20 of 2006).

* This report is not subject to the scope of review by certified public accountants and audit corporations.
* Disclaimer and special note for referring to the forecast of operating performance
1. Since the Company falls under the category of specified company (a company undertaking businesses specified in
Article 17-15, Paragraph 2 of the Cabinet Office Ordinance on Disclosure of Corporate Affairs, etc.), it prepares theInterim Consolidated and Non-consolidated Financial Statements for the first-half accounting period.
2. Forward-looking statements concerning financial forecasts contained in these materials are based on information
available when the forecasts were made and certain assumptions judged to be reasonable. However, the Company
makes no guarantee that these forecasts will be achieved, and actual results may differ significantly from theforecasts due to a variety of factors.

* Dividend situation for class shares
The breakdown of dividend per share for class shares with different rights than those of common stock is as follows.
(First series Class I preferred shares)

Fiscal year ended March 31, 2021

First quarter–

Fiscal year ending March 31, 2022–

Dividend per share (¥)
Second quarter
Third quarter
Fiscal year-end
125.00–125.00

Annual
250.00126.00Fiscal year ending March 31, 2022–
126.00252.00(Forecast)(Notes)1. Changes to the dividend forecast most recently announced: None
2. Amount paid per share: ¥20,000
3. Computation used to calculate dividend per share(1) Fiscal year ended March 31, 2021
(a) Computation
Dividend = amount paid per share × annual dividend rate(b) Annual dividend rate (*)
Annual dividend rate = Japanese yen TIBOR + 1.1%(c) Japanese yen TIBOROn April 1, 2020, the Japanese yen TIBOR (12-month maturity) = 0.14636%(d) Shares issued
750,000(2) Fiscal year ending March 31, 2022 (Forecast)(a) Computation
Dividend = amount paid per share × annual dividend rate(b) Annual dividend rate (*)
Annual dividend rate = Japanese yen TIBOR + 1.1%(c) Japanese yen TIBOROn April 1, 2021, the Japanese yen TIBOR (12-month maturity) = 0.15636%(d) Shares issued
750,000(*Annual dividend rate: Figures less than % are calculated to three decimal places with the third decimal place rounded off tothe second decimal place.)(Class II preferred shares)

Fiscal year ended March 31, 2021

First quarter–

Second quarter
14.636

Fiscal year ending March 31, 2022–

15.636

Fiscal year ending March 31, 2022

Dividend per share (¥)
Third quarter
Fiscal year-end–
14.636–(Forecast)(Notes)1. Changes to the dividend forecast most recently announced: None
2. Amount paid per share: ¥20,000
3. Computation used to calculate dividend per share(1) Fiscal year ended March 31, 2021
(a) Computation
Dividend = amount paid per share × annual dividend rate(b) Annual dividend rate
Annual dividend rate = Japanese yen TIBOR + 0.0%(c) Japanese yen TIBOROn April 1, 2020, the Japanese yen TIBOR (12-month maturity) = 0.14636%(d) Shares issued
2,000,000(2) Fiscal year ending March 31, 2022
(a) Computation
Dividend = amount paid per share × annual dividend rate(b) Annual dividend rate
Annual dividend rate = Japanese yen TIBOR + 0.0%(c) Japanese yen TIBOROn April 1, 2021, the Japanese yen TIBOR (12-month maturity) = 0.15636%(d) Shares issued
2,000,000

15.636

Annual29.27231.272

Attached Materials

Index
1. Qualitative Information Regarding Consolidated Results for the First Half of the Fiscal Year Ending March 31,
2022
(1)

Operating Results ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 2(2)

Financial Position ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 2(3)

Note on the Forecast of the Consolidated Operating Performance and Other Forward-Looking Statements ꞏꞏꞏꞏꞏꞏ 2

2. Consolidated Interim Financial Statements and Notes(1)

Consolidated Interim Balance Sheets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

(2)

Consolidated Interim Statements of Income and Consolidated Interim Statements of

3-4

Comprehensive Income ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

5-6

(3)

Consolidated Interim Statements of Changes in Net Assets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

7-8

(4)

Notes on Premise of Going Concern ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

9(5)

Changes in Significant Subsidiaries during the First Half of the Fiscal Year Ending March 31, 2022ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

9(6)

Changes in Accounting Policies(7)

Additional Information ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

9(8)

Significant Subsequent Event ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

9(Reference) Trust Asset Balance Tableꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 10
3. (Reference) Non-consolidated Financial Statements of Kiraboshi Bank,Ltd.
(1)

Overview of Non-consolidated Financial Statements ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 11(2)

Non-consolidated Interim Balance Sheets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 12(3)

Non-consolidated Interim Statements of Income ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ 13* Financial Results for the First Half of the Fiscal Year Ending March 31, 2022
- Supplementary Information-

1. Qualitative Information Regarding Consolidated Results for the First Half of the Fiscal
Year Ending March 31, 2022
(1) Operating Results
In the consolidated operating results for the first half of the fiscal year ending March 31, 2022, ordinary profit
increased by ¥3.8 billion year-on-year to ¥7.3 billion, and profit attributable to owners of parent increased by ¥2.7
billion year-on-year to ¥4.7 billion, reflecting growth in profit of Kiraboshi Bank which makes up the majority ofconsolidated results.
The main factors affecting operating results of Kiraboshi Bank,Ltd., are as follows.
(i) Net interest income
An increase of ¥1.0 billion year-on-year in interest on loans and discounts
attributable largely to promotion of main bank relationship building, businessfinancing activities and COVID-19 related loans.
(ii) Non-interest income
An increase of ¥0.6 billion year-on-year due to solid performance of commissions
from corporate customers such as in business financing.
(iii) Expenses
A decrease of ¥0.6 billion year-on-year reflecting decrease in personnel
expenses, despite an increase in non-personnel expenses due in part torecording of BIB (branch-in-branch) implementation expenses.
(iv) Credit-related costs
A decrease of ¥1.7 billion year-on-year resulting partly from enhancement ofcredit management system.
(v) Gains (losses) on bonds A decrease of ¥1.6 billion year-on-year due largely to absence of gain from saleof bonds.
(vi) Gains (losses) on stocks and other securities:
A decrease of ¥3.2 billion year-on-year given absence of gain from sale of stocks
held for strategic purposes which was recorded in the previous fiscal year.
(vii) Other non-recurring profit (loss):
An increase of ¥3.5 billion year-on-year as a result primarily of decrease inmerger and systems integration costs.
* Interest on loans and discounts includes interest subsidies associated with effectively interest-free, unsecuredloans on which interest would later be reimbursed by local governments.

(2) Financial Position
As of September 30, 2021, total assets amounted to ¥6,386.8 billion, up ¥464.8 billion from the end of theprevious fiscal year, and net assets stood at ¥321.1 billion, a ¥10.2 billion increase from the end of the previous
fiscal year.
With respect to major account balances, deposits increased by ¥143.7 billion from the end of the previous
fiscal year to ¥5,116.2 billion, loans and bills discounted increased by ¥248.4 billion from the end of the previous
fiscal year to ¥4,174.9 billion, and securities increased by ¥0.8 billion from the end of the previous fiscal year to¥1,020.2 billion.

(3) Note on the Forecast of the Consolidated Operating Performance and Other Forward-Looking
Statements
There is no change to the forecasts on operating performance for the fiscal year ending March 31, 2022,
announced on May 12, 2021.

22. Consolidated Interim Financial Statements and Notes(1) Consolidated Interim Balance Sheets(¥ million)
As of March 31, 2021
AssetsCash and due from banks
Other debt purchased
Trading account securities
Money held in trust
Securities
Loans and bills discounted
Foreign exchange
Lease receivables and investment assets
Other assets
Tangible fixed assets
Intangible fixed assets
Net defined benefit assets
Deferred tax assets
Customers’ liabilities for acceptances andguarantees
Reserve for possible loan losses
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money and bills soldPayables under securities lending transactions
Borrowed money
Foreign exchange
Bonds
Other liabilities
Reserve for employee bonuses
Provision for directors’ bonuses
Provision for stock compensation
Net defined benefit liabilities
Reserve for directors’ retirement benefits
Reserve for point card certificates
Provision for loss on interest repayments
Reserve for loss on dormant deposit repayments
Provision for contingent loss
Reserves under special laws
Deferred tax liabilities
Acceptances and guarantees
Total liabilities

3

As of September 30, 2021

753,974
68,935845
1,620
1,019,415
3,926,518
9,422
18,71462,99856,362
6,629
24,054
3,140

972,485
66,721827
1,524
1,020,279
4,174,928
11,42620,19958,92055,708
7,865
25,628
286

4,412

5,542

(35,101)
5,921,945(35,499)
6,386,845

4,972,473
9,500
59,632
271,382
241,372293
4,000
43,864
1,523
155
163
53
14
43
7
1,289
794
0
86
4,412
5,611,065

5,116,223
9,500
189,457
275,287
408,999
366
3,900
51,699
1,518
－
121
56
10
36
8
1,162
804
0
1,026
5,542
6,065,722(¥ million)
As of March 31, 2021
Net Assets
Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Net unrealized gain on available-for-salesecurities
Net deferred gains (losses) on hedges
Revaluation reserve for land
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Subscription rights to shares
Total net assets
Total liabilities and net assets

4

As of September 30, 2021

27,500150,677
117,514(742)
294,949

27,500150,676
121,092(713)
298,555

13,07819,968

189
(242)
11
2,863
15,90030
310,880
5,921,945

135
(242)
13
2,680
22,555
13
321,123
6,386,845

(2) Consolidated Interim Statements of Income and Consolidated Interim Statements ofComprehensive Income(Consolidated Interim Statements of Income)(¥ million)
First half of the fiscal year
ended March 31, 2021
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Trust fees
Fees and commissions
Other operating income
Other ordinary income
Ordinary expenses
Financing expenses
Interest on deposits
Fees and commissions payments
Other operating expenses
General and administrative expenses
Other ordinary expenses
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Extraordinary losses
Loss on disposal of non-current assets
Profit before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

46,96528,78922,908
5,435
59
6,714
2,932
8,468
43,425
655
345
1,307
49
28,176
13,235
3,540
－
－
6
6
3,533
824
651
1,476
2,057
－
2,057

5

First half of the fiscal year
ending March 31, 2022
46,93030,03024,000
5,500
194
8,945
918
6,842
39,530
598
448
1,542
249
27,518
9,621
7,399
0
0
52
52
7,347
1,693
888
2,581
4,765
－
4,765

(Consolidated Interim Statements of Comprehensive Income)(¥ million)
First half of the fiscal year
ended March 31, 2021
ProfitOther comprehensive income
Net unrealized gain on available-for-salesecurities
Net deferred gains (losses) on hedges
Foreign currency translation adjustment
Remeasurements of defined benefit plans
Share of other comprehensive income of entities
accounted for using equity method
Comprehensive income(Breakdown)Comprehensive income attributable to owners ofparentComprehensive income attributable to noncontrolling interests

6

First half of the fiscal year
ending March 31, 2022

2,057
4,222

4,765
6,654

3,975

6,883

(0)
0
246

(54)
2
(183)

－

6

6,280

11,4206,280

11,420－－(3) Consolidated Interim Statements of Changes in Net Assets
First half of the fiscal year ended March 31, 2021(¥ million)
Shareholders’ equity
Common stock
Balance at beginning of theyear
Changes of items during thereporting period

Capital surplus

27,500Retained earnings

150,684

Total shareholders’equityTreasury stock

114,641(814)

292,010

Dividends of surplus(1,034)(1,034)

Profit attributable to ownersof parent

2,057

2,057

Acquisition of treasury stock
Disposition of treasury stock(3)

Net changes of items otherthan shareholders’ equity
during the reporting period
Total changes of items during
the reporting period
Balance at end of period

(5)

(5)

79

76

－

(3)

1,023

74

1,094

27,500150,680

115,664(740)

293,105

Accumulated other comprehensive income
Net
NonNetRemeas- Total accu- Subscripunrealized
Foreigndeferred Revaluation
urements of mulated tion rights to controllingcurrency
gain onsharesinterests
gains
other comreserve fordefinedtranslation
available(losses) on
prehensive
land
benefitfor-saleadjustment
hedgesincomeplans
securities
Balance at beginning of theyear
Changes of items during thereporting period

5,629

41

(242)

4

(3,038)

2,394

56

－

Total net
assets294,462

Dividends of surplus(1,034)

Profit attributable to ownersof parent

2,057

Acquisition of treasury stock(5)

Disposition of treasury stock76

Net changes of items otherthan shareholders’ equity
during the reporting period
Total changes of items during
the reporting period
Balance at end of period

3,975

(0)

－

0

246

4,222

(25)

－

4,196

3,975

(0)

－

0

246

4,222

(25)

－

5,291

9,605

41

(242)

5

(2,791)

6,617

30

－

299,753

7

First half of the fiscal year ending March 31, 2022(¥ million)
Shareholders’ equity
Common stock
Balance at beginning of theyear
Cumulative effects of changes
in accounting policies
Restated balance at beginningof the year reflecting changes
in accounting policies
Changes of items during thereporting period

Capital surplus

27,500Retained earnings

150,677

Total shareholders’equityTreasury stock

117,514(742)

294,949(151)
27,500150,677(151)

117,363(742)

294,798

Dividends of surplus(1,036)(1,036)

Profit attributable to ownersof parent

4,765

4,765

Acquisition of treasury stock
Disposition of treasury stock(1)

Net changes of items otherthan shareholders’ equity
during the reporting period
Total changes of items during
the reporting period
Balance at end of period

(7)

(7)

37

35

－

(1)

3,728

29

3,756

27,500150,676

121,092(713)

298,555

Accumulated other comprehensive income
Net
Net
Remeas- Total accu- SubscripTotal net
unrealized
Foreigndeferred Revaluation
urements of mulated tion rights toassetsgain oncurrency
sharesreserve for
gains
definedother comavailabletranslation
land(losses) on
benefitprehensive
for-saleadjustment
hedgesplans
incomesecurities
Balance at beginning of theyear
Cumulative effects of changes
in accounting policies
Restated balance at beginningof the year reflecting changes
in accounting policies
Changes of items during thereporting period

13,078

189

(242)

11

2,863

15,90030

310,880(151)

13,078

189

(242)

11

2,863

15,90030

310,729

Dividends of surplus(1,036)

Profit attributable to ownersof parent

4,765

Acquisition of treasury stock(7)

Disposition of treasury stock35

Net changes of items otherthan shareholders’ equity
during the reporting period
Total changes of items during
the reporting period
Balance at end of period

6,890

(54)

－

2

(183)

6,654

(17)

6,637

6,890

(54)

－

2

(183)

6,654

(17)

10,394

19,968

135

(242)

13

2,680

22,555

13

321,1238

(4) Notes on Premise of Going Concern
Not applicable.

(5) Changes in Significant Subsidiaries during the First Half of the Fiscal Year Ending March 31,
2022
Not applicable.
While not a transaction that constitutes a change in specified subsidiaries, an absorption type merger was
carried out between Kiraboshi Business Service Co., Ltd. as the surviving company and Kiraboshi Credit Service
Co., Ltd. as the absorbed company, effective April 1, 2021.
Further, effective April 1, 2021, a company split was carried out with Kiraboshi Service Co, Ltd. as the split
company and Kiraboshi Business Service Co., Ltd. as the successor company. Effective the same date, Kiraboshi
Service Co., Ltd. changed its name to Kiraboshi Business Office Service Co., Ltd.

(6) Changes in Accounting Policies(Application of accounting standard and related implementation guidance on revenue recognition)
The Group has applied the “Accounting Standard for Revenue Recognition” (ASBJ Statement No. 29, March 31,
2020, hereinafter referred to as “Accounting Standard for Revenue Recognition”) and related implementation
guidance from the beginning of the first half of the fiscal year ending March 31, 2022. Accordingly, revenue isrecognized at a point in time when control of promised goods or services is transferred to the customers, at theamount that is expected to be received in exchange for the goods or services.
The Accounting Standard for Revenue Recognition, etc. is applied from the balance at the beginning of the firsthalf of the fiscal year ending March 31, 2022, pursuant to the transitional treatment stipulated in the proviso ofparagraph 84 of the Accounting Standard for Revenue Recognition, in accordance with which the cumulative effectassuming the new accounting policy was applied retrospectively prior to the beginning of the first half of the fiscal
year ending March 31, 2022 was added to or deducted from the balance of retained earnings at the beginning of
the fiscal year ending March 31, 2022.
As a result, the beginning balance of retained earnings decreased by ¥158 million. The effect of this change in
the accounting policy on profit or loss of the first half of the consolidated fiscal year ending March 31 2022 isimmaterial.
(Application of accounting standard and related implementation guidance on far value measurement)
The Group has applied the “Accounting Standard for Fair Value Measurement” (ASBJ Statement No. 30, July 4,
2019, hereinafter referred to as “Accounting Standard for Fair Value Measurement”) and related implementation
guidance from the beginning of the first half of the fiscal year ending March 31, 2022. In accordance with paragraph
8 of the Accounting Standard for Fair Value Measurement, the fair value adjustment method for calculating the fairvalue of derivative transactions has been revised to a method that maximizes use of observable inputs estimatedfrom derivatives, etc. traded in the market. This revision was made pursuant to the application of the AccountingStandard for Fair Value Measurement, and the cumulative effect of applying the new accounting standard
retrospectively prior to the beginning of the first half of the fiscal year ending March 31, 2022 is reflected in retained
earnings as of the beginning of the first half of the fiscal year ending March 31, 2022, in accordance with thetransitional measures specified in paragraph 20 of the Accounting Standard for Fair Value Measurement. The effectof application of the Accounting Standard for Fair Value Measurement, etc. on the consolidated financial statementsof the first half of the fiscal year ending March 31, 2022 is immaterial.
In accordance with the transitional treatment set forth in paragraph 19 of the Accounting Standard for Fair Value
Measurement and paragraph 44-2 of the “Accounting Standard for Financial Instruments” (ASBJ Statement No. 10,
July 4, 2019), the new accounting policy prescribed by the Accounting Standard for Fair Value Measurement, etc.
will be applied prospectively.

(7) Additional Information(Accounting estimates related to the impact of COVID-19 pandemic)
With respect to accounting estimates related to the impact of the COVID-19 pandemic for the first half of the
fiscal year ending March 31, 2022, and assumptions used to calculate the estimates thereof, there are no materialchanges from the information provided under Additional Information in the Securities Report for the fiscal year
ended March 31, 2021.

(8) Significant Subsequent Event
Not applicable.
9(Reference)
Trust asset balance table(As of September 30, 2021)(¥ million)
AssetsLoans and bills discounted
Loans on deeds
Monetary claims

Value

Liability
2,737

Specified money in trust

2,856

2,737

Monetary claims in trust

12,436

12,367

Composite trusts

42,104

Total

57,397

Other monetary claims

12,367

Property, plant and equipment

40,815

Movables669

Real estate

40,146

Other receivables
Other receivables
Cash and due from banks

Value

0
0
1,476

Due from banks

1,476

Total

57,39710

3. (Reference) Non-consolidated Financial Statements of Kiraboshi Bank,Ltd.
(1) Overview of Non-consolidated Financial Statements
November 10, 2021
Company name: Kiraboshi Bank,Ltd.
Representative: Hisanobu Watanabe, President
Responsible person for inquiries: Taketoshi Doi, General manager of Corporate Planning Division
URL: https://www.kiraboshibank.co.jp
Telephone: +81-3-6447-5799
Note: Amounts less than one million yen and figures beyond the first decimal place have been truncated.

1.

Non-consolidated Operating Performance for the First Half of the Fiscal Year Ending March 31, 2022
(From April 1, 2021 to September 30, 2021)(1) Results in non-consolidated operations (cumulative)(Percentages represent year-on-year changes.)

Ordinary income

Ordinary profit

Net income(¥ million)(%)(¥ million)(%)(¥ million)(%)

First half of the fiscal year
ending March 31, 2022

39,368

(6.2)

6,959

63.3

4,659

73.3

First half of the fiscal year
ended March 31, 2021

41,987

7.3

4,259

18.7

2,688

(27.5)(2) Non-consolidated financial position
Total assets

Total net assets

Net assets to total assets ratio(¥ million)(¥ million)(%)

First half of the fiscal year
ending March 31, 2022

6,368,850

307,819

4.8

Fiscal year ended March
31, 2021

5,902,261

297,863

5.0(Reference)
Equity:First half of the fiscal year ending March 31, 2022: ¥307,819 million
Fiscal year ended March 31, 2021: ¥297,863 million(Note)“Equity” is the value of total net assets at the end of the period, and “Net assets to total assets ratio” is calculated by
dividing equity by total assets at the end of the period. Note that this “Net assets to total assets ratio” is not the net assets
to total assets ratio required for the Capital Adequacy Ratio Notification (Financial Services Agency Notification No. 19 of
2006).

11

○Non-consolidated Interim Financial Statements(2) Non-consolidated Interim Balance Sheets
Kiraboshi Bank,Ltd.
(¥ million)
As of March 31, 2021

As of September 30, 2021

AssetsCash and due from banks
Other debt purchased
Trading account securities
Money held in trust
Securities
Loans and bills discounted
Foreign exchange
Other assets
Tangible fixed assets
Intangible fixed assets
Prepaid pension cost
Deferred tax assets
Customers’ liabilities for acceptances andguarantees

753,826
68,906845
1,620
1,020,442
3,938,044
9,422
47,35562,247
4,513
19,196
4,825

972,317
66,699827
1,524
1,021,172
4,191,114
11,42642,86561,796
5,341
21,028
975

4,412

5,542

(33,400)(33,783)

5,902,261

6,368,850

4,990,468
12,91059,632
271,382
230,399
293
29,656
1,361
119
138
2
1,289
794
1,535
4,412

5,135,044
12,910189,457
275,287
400,431366
37,067
1,317－

5,604,397

6,061,031

Common stock
Capital surplus
Retained earnings

43,734
166,173
73,402

43,734
166,173
76,933

Reserve for possible loan losses
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money
Payables under securities lending transactions
Borrowed money
Foreign exchange
Other liabilities
Reserve for employee bonuses
Provision for directors’ bonuses
Provision for stock compensation
Reserve for point card certificates
Reserve for loss on dormant deposit repayments
Provision for contingent loss
Deferred tax liabilities for land revaluation
Acceptances and guarantees
Total liabilities

102
1
1,162
804
1,535
5,542

Net Assets

Total shareholders’ equity

283,310

286,841

Net unrealized gain on available-for-salesecurities

16,134

22,613Net deferred gains (losses) on hedges
Revaluation reserve for land

189
(1,770)135(1,770)Total valuation and translation adjustments

14,552

20,977

Total net assets
Total liabilities and net assets
12

297,863

307,819

5,902,261

6,368,850

(3) Non-consolidated Interim Statements of Income
Kiraboshi Bank,Ltd.
(¥ million)
First half of the fiscal year
ended March 31, 2021
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Trust fees
Fees and commissions
Other operating income
Other ordinary income
Ordinary expenses
Financing expenses
Interest on deposits
Fees and commissions payments
Other operating expenses
General and administrative expenses

First half of the fiscal year
ending March 31, 2022

41,98729,52522,910
6,108
59
5,749
3,134
3,518
37,727
669
345
1,644
34
26,96639,36830,492
23,985
5,921
194
7,225
825
631
32,408
620
448
1,871
206
25,522

8,412

4,187

4,259

6,959

－
3
3

0
0
42
42

4,256

6,917

594
972

1,211
1,046

Total income taxes

1,567

2,258

Net income

2,688

4,659

Other ordinary expenses
Ordinary profit
Extraordinary income
Gain on disposal of fixed assets
Extraordinary losses
Loss on disposal of non-current assets－

Income before income taxes
Income taxes – current
Income taxes – deferred13