June 10, 2024
To whom it may concern:Tokyo Kiraboshi Financial Group, Inc.

Notification of Partial Corrections to Annual Reports
Some figures in our Annual Report 2022 and Annual Report 2023 were incorrect. We have corrected themas indicated below.
These corrections are not reflected in the data already posted on our corporate website. Details of the corrections
can be found in the table on the page following the cover of each Annual Report.
* Items subject to correction are underlined.

1. 2023 Annual Report
P27～P29． Message from the Chief Financial Officer
Progress on Key Goal Indicators (KGI) in the Medium-Term Business Plan
(Before Correction)
Compared(¥ billion)

FY2021 (actual)

FY2022 (plan)

FY2022 (actual)

ROE (FG, consolidated)

5.7%

5.0%

6.5%

+1.5%pt

65.3%

59.8%

55.5%

–4.3%pt

18.1

16.0

21.1

+5.1

12.6

20.5

21.6

+1.1

0.1

0.4

(1.5)

(1.9)

8.4%

8.3%

8.1%

–0.2%pt

Core OHR (Kiraboshi Bank, nonconsolidated)
Net income (FG, consolidated)to the plan

Profit from customer business(Kiraboshi Bank, nonconsolidated)
Contribution of subsidiaries toconsolidated income (FG,consolidated)
Capital ratio (FG, consolidated)1

(After Correction)
Compared(¥ billion)

FY2021 (actual)

FY2022 (plan)

FY2022 (actual)

ROE (FG, consolidated)

5.7%

5.0%

6.5%

+1.5%pt

65.3%

59.8%

55.5%

–4.3%pt

18.1

16.0

21.1

+5.1

12.6

20.5

21.6

+1.1

0.1

0.4(1.5)

(1.9)

8.3%

8.3%

8.0%

–0.2%pt

Core OHR (Kiraboshi Bank, nonconsolidated)
Net income (FG, consolidated)to the plan

Profit from customer business(Kiraboshi Bank, nonconsolidated)
Contribution of subsidiaries toconsolidated income (FG,consolidated)
Capital ratio (FG, consolidated)

Analysis of Financial Management Factors to Improve ROE
Fig. 1: FG consolidated(Before Correction)(¥ billion)

FY2021 (actual)

FY2022 (actual)

YoY change

ROE

5.7%

6.5%+0.7%pt

11.6

17.5+5.9

Capital ratio

8.4%

8.1%

–0.2%pt

RORA

0.4%

0.5%+0.0%pt(¥ billion)

FY2021 (actual)

FY2022 (actual)

YoY change

ROE

5.7%

6.5%+0.7%pt

11.6

17.5+5.9

Capital ratio

8.3%

8.0%–0.2%pt

RORA

0.4%

0.5%

+0.0%pt

Net income (excluding specialfactors)(After Correction)

Net income (excluding specialfactors)

2

Changes in Risk Assets
Fig. 3: Changes in risk assets(Before Correction)
2021/3 Actual¥3,261.4 billion

Commercially viable loans+¥281.9 billion

Securities, etc.

–¥28.8 billion

PE funds+¥11.6 billion

Others+¥28.9 billion

2022/3 Actual¥3,555.0 billion

Commercially viable loans+¥315.9 billion

Securities, etc.

–¥21.9 billion

PE funds+¥10.8 billion

Others+¥19.9 billion

2023/3 Actual¥3,879.7 billion

Commercially viable loans+¥208.3 billion

Securities, etc.

–¥2.9 billion

PE funds+¥38.8 billion

Others+¥16.7 billion

2024/3 Published plan

¥4,140.6 billion(After Correction)
2021/3 Actual¥3,263.8 billion

Commercially viable loans+¥292.9 billion

Securities, etc.

–¥28.8 billion

PE funds+¥11.6 billion

Others+¥28.9 billion

2022/3 Actual¥3,568.4 billion

Commercially viable loans+¥329.4 billion

Securities, etc.

–¥21.9 billion

PE funds+¥10.8 billion

Others+¥19.9 billion

2023/3 Actual¥3,906.6 billion

Commercially viable loans+¥181.4 billion

Securities, etc.

–¥2.9 billion

PE funds+¥38.8 billion

Others+¥16.7 billion

2024/3 Published plan

¥4,140.6 billion

3Capital Management to Improve PBR
Changes in capital allocations(Before Correction)
21/3

8.74%
Accumulated internal reserves+1.28%

Financial intermediary function (local contributions) –1.16%
Growth investment–0.52%

Shareholder returns–0.19%

23/3

8.15%
Accumulated internal reserves+0.63%

Financial intermediary function (local contributions) –0.53%
Growth investment–0.11%

Shareholder returns–0.12%

24/3

8% level(After Correction)
21/3

8.73%
Accumulated internal reserves+1.25%

Financial intermediary function (local contributions) –1.23%
Growth investment–0.48%

Shareholder returns–0.18%

23/3

8.09%
Accumulated internal reserves+0.68%

Financial intermediary function (local contributions) –0.39%
Growth investment–0.18%

Shareholder returns–0.13%

24/38% level4P32. Overview of the Medium-Term Business Plan (FY2021 to FY2023)
Financial Targets (KGIs) and KPIs under the Medium-Term Business Plan(Before Correction)
23/3 <MediumKGIs

22/3 <results>

Term Business23/3 <results>Plan>(1) ROE <consolidated>(2) Core OHR <Kiraboshi Bank
non-consolidated>(3) Net income <consolidated>

5.0%

6.5%

+1.5%pt

65.3%

59.8%

55.5%

+4.3%pt¥18.1 billion¥16.0 billion¥21.1 billion¥12.6 billion¥20.5 billion¥21.6 billion¥0.12 billion¥0.4 billion¥(1.5) billion

8.4%

8.3%

8.1%

consolidated>(5) Contribution of subsidiaries
to consolidated income<consolidated>(6) Capital ratio <consolidated>to the plan

5.7%(4) Profit from customer business<Kiraboshi Bank non-Compared+¥5.1billion+¥1.1billion¥(1.9)
billion–0.2%pt(After Correction)
23/3 <MediumKGIs

22/3 <results>

Term Business23/3 <results>Plan>(1) ROE <consolidated>(2) Core OHR <Kiraboshi Bank
non-consolidated>(3) Net income <consolidated>

5.0%

6.5%

+1.5%pt

65.3%

59.8%

55.5%

+4.3%pt¥18.1 billion¥16.0 billion¥21.1 billion¥12.6 billion¥20.5 billion¥21.6 billion¥0.12 billion¥0.4 billion¥(1.5) billion

8.3%

8.3%8.0%

consolidated>(5) Contribution of subsidiaries
to consolidated income<consolidated>(6) Capital ratio <consolidated>to the plan

5.7%(4) Profit from customer business<Kiraboshi Bank non-Compared

5

+¥5.1
billion+¥1.1
billion¥(1.9)
billion–0.2%pt

P33. Financial Highlights/Financial Targets (KGIs) under the Medium-Term Business Plan
6. Capital ratio <FG consolidated> (%)(Before Correction)
20/3

8.6%

21/3

8.7%

22/3

8.4%

23/3

8.1%

24/3 (planned)

8.3%(After Correction)
20/3

8.6%

21/38.7%

22/3

8.3%

23/3

8.0%

24/3 (planned)

8.3%

2. Annual Report 2022
P14～16． Message from the Chief Financial Officer
Progress of major KGI in the Medium-Term Business Plan
(Before Correction)
Compared

FY2020 (actual)

FY2021 (plan)

FY2021 (actual)

ROE (FG consolidated)

1.3%

3.2%

5.7%

+2.5%pt

Core OHR (expense ratio)

75.7%

67.0%

65.3%

–1.7%pt¥4.1 billion¥10.0 billion¥18.1 billion¥1.4 billion¥12.4 billion¥12.6 billion¥0.3 billion¥(0.4) billion¥0.1 billion

8.7%

8.6%8.4%

Profit attributable to owners ofparent (FG consolidated)
Profit from customer businessContribution of subsidiaries toconsolidated income
Capital ratio (FG consolidated)

6to the plan+¥8.1billion+¥0.2billion+¥0.5billion–0.2%pt

(After Correction)
Compared

FY2020 (actual)

FY2021 (plan)

FY2021 (actual)

ROE (FG consolidated)

1.3%

3.2%

5.7%+2.5%pt

Core OHR (expense ratio)

75.7%

67.0%

65.3%

–1.7%pt¥4.1 billion¥10.0 billion¥18.1 billion¥1.4 billion¥12.4 billion¥12.6 billion¥0.3 billion¥(0.4) billion¥0.1 billion

8.7%

8.6%

8.3%

Profit attributable to owners ofparent (FG consolidated)
Profit from customer businessContribution of subsidiaries toconsolidated income
Capital ratio (FG consolidated)

Financial Management and Capital Management

to the plan+¥8.1billion+¥0.2billion+¥0.5billion–0.3%pt

Analysis of financial management factors(Before Correction)
FY2021 (actual)

FY2022 (plan)

FY2023 (plan)

ROE (FG consolidated)

5.7%

5.9%

5.9%

Capital ratio (FG consolidated)

8.4%

8.3%

8.3%

RORA (FG consolidated net income basis)

0.4%

0.4%

0.5%

Total shareholder return ratio

20%20%

20～30%(After deducting ¥6.5 billion)(After deducting ¥3.5 billion)

FG profit: ¥11.6

FG profit: ¥16.0

FG profit: ¥20.0

billionbillionbillion¥75 dividend¥105 dividend

Assumption for total shareholder return ratio(after deducting equity method profit)(After Correction)
FY2021 (actual)

FY2022 (plan)

FY2023 (plan)

ROE (FG, consolidated)

5.7%

5.9%

5.9%

Capital ratio (FG consolidated)

8.3%

8.3%

8.3%

RORA (FG consolidated net income basis)

0.4%

0.4%

0.5%

Total shareholder return ratio

20%20%

20～30%(After deducting ¥6.5 billion)(After deducting ¥3.5 billion)

FG profit: ¥11.6

FG profit: ¥16.0

FG profit: ¥20.0

billionbillionbillion¥75 dividend¥105 dividend

Assumption for total shareholder return ratio(after deducting equity method profit)7

Changes in Risk Assets(Before Correction)●2021/3─2022/3
2021/3¥3,261.4 billion

Commercially viable loans+¥281.9 billion

Securities, etc.

–¥28.8 billion

PE funds+¥11.6 billion

Others+¥28.9 billion

2022/3¥3,555.0 billion●2022/3─2024/3
2022/3¥3,555.0 billion

Commercially viable loans+¥247.6 billion

Securities, etc.

+¥146.1 billion

PE funds+¥18.8 billion

Others+¥9.1 billion

2024/3 (Medium-Term Business Plan)¥3,976.6 billion(After Correction)●2021/3─2022/3
2021/3¥3,263.8 billion

Commercially viable loans+¥292.9 billion

Securities, etc.

–¥28.8 billion

PE funds+¥11.6 billion

Others+¥28.9 billion

2022/3¥3,568.4 billion●2022/3─2024/3
2022/3¥3,568.4 billion

Commercially viable loans+¥234.2 billion

Securities, etc.

+¥146.1 billion

PE funds+¥18.8 billion

Others+¥ 9.1 billion

2024/3 (Medium-Term Business Plan)¥3,976.6 billion

8P17. Financial Highlights
Consolidated capital ratio (JGAAP)(Before Correction)
Capital ratio
2020/3 end

8.65%

2021/3 end

8.74%

2022/3 end

8.41%(After Correction)
Capital ratio
2020/3 end

8.65%

2021/3 end

8.73%

2022/3 end

8.38%

P29. Status of Progress on the Medium-Term Business Plan
KGI

Financial targets

Capital ratio <FG consolidated>(Before Correction)
20/3

8.6%

21/3

8.7%

22/3

8.4%

23/3 (planned)

8.3%

24/3 (planned)

8.3%(After Correction)
20/3

8.6%

21/3

8.7%

22/3

8.3%

23/3 (planned)

8.3%

24/3 (planned)

8.3%

9