Tokyo Kiraboshi Financial Group, Inc.
(Formerly: Tokyo TY Financial Group, Inc.)
Listed Code: 7173
(URL: https://www.tokyo-kiraboshifg.co.jp)
Listed Stock Exchange: TSE1
May 13, 2020

Consolidated Financial Reportfor the Fiscal Year Ended March 31, 2020
<Under Japanese GAAP>
Representative: Keizo Ajioka, President
Responsible person for inquiries: Nobuyuki Yasuda, General Manager, Corporate Planning Division
Telephone: +81-3-5341-4301
Date of Ordinary General Meeting of Shareholders: June 26, 2020
Date of submission of annual security report: June 26, 2020
Date to start dividend payment: June 8, 2020
Preparation of supplementary material on financial results: Yes
Holding of financial results presentation meeting: Yes(by webcast)
Note: Figures have been rounded down to the nearest million yen.

1. Consolidated Operating Performance for the Fiscal Year Ended March 31, 2020
(From April 1, 2019 to March 31, 2020)(1) Results in consolidated operations(Percentages represent year-on-year changes.)
Ordinary income

Profit attributable to owners ofparentOrdinary profit(¥ million)(%)(¥ million)(%)(¥ million)(%)

Fiscal year ended March 31, 2020

94,031

19.3

2,347

(32.5)

7,657

55.8

Fiscal year ended March 31, 201978,777

(4.6)

3,480

(26.3)

4,914(33.6)(Note) Comprehensive income:Fiscal year ended March 31, 2020: ¥3,571 million (18.9 %)Fiscal year ended March 31, 2019: ¥4,408 million (55.6 %)Profit attributable toProfit attributable toowners of parent
owners of parent
per share (Diluted)
per share (¥)(¥)

Net income to
net assets (%)

Ordinary profit to
Ordinary profit toordinary income
total assets (%)(%)

Fiscal year ended March 31, 2020
244.21
127.49
2.6
Fiscal year ended March 31, 2019
153.52
94.60
1.6(Reference) Gain on equity-method investments:
Fiscal year ended March 31, 2020: ¥17 million
Fiscal year ended March 31, 2019: (¥39 million)

0.0
0.0

2.4
4.4

(2) Consolidated financial position
Net assets to
Net assets
total assets ratio
per share(%)(¥)
As of March 31, 2020
5,501,145
294,4625.3
7,880.94
As of March 31, 2019
5,373,212
293,124
5.4
7,820.80(Reference) Equity: As of March 31, 2020: ¥294,405 million
As of March 31, 2019: ¥292,663 million(Note) “Equity” consists of subscription rights to shares at the end of the fiscal year and non-controlling interests at the end of theperiod subtracted from net assets, and the “Net assets to total assets ratio” is calculated by dividing equity by total assets at the endof 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).
Total assets(¥ million)

Total net assets(¥ million)

Cash flow fromoperating activities(¥ million)

Cash flow frominvesting activities(¥ million)(3) Consolidated cash flows

Fiscal year ended March 31, 2020
Fiscal year ended March 31, 201925,433(106,587)

Cash flow fromfinancing activities(¥ million)

118,200
135,919

Cash and cash
equivalents
at year-end(¥ million)(7,277)(2,774)538,286
401,928

2. Dividends
Annual dividend per share (¥)

Total
dividends(full year)(¥ million)

Dividends ratio
to shareholders’equity(consolidated)(consolidated)(%)(%)
Payout ratio

First

SecondThird

Fiscalquarterquarterquarter

year-end

ended March 31, 2019

–

30.00

–

30.00

60.00

1,828

39.0

0.7

ended March 31, 2020

–

30.00

–

30.00

60.00

1,827

24.5

0.7

AnnualFiscal year

ending March 31, 2021 (Forecast)
–
30.00
–
30.00
60.00
48.5
(Note) “Dividends” above refers to dividends for common stock. With regard to dividends for class shares (unlisted) issued by theCompany 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, 2021
(From April 1, 2020 to March 31, 2021)(Percentages represent increases or decreases from the previous year for the full-year results and from the same quarter in the previous year for quarterly results.)

Ordinary profit

Second-quarter period (cumulative)
Full year

Profit attributable to ownersof parent

Profit attributable toowners of parent per share(¥ million)(%)(¥ million)

(%)

(¥)

3,000
5,700

5.6
142.7

1,900
4,000

(43.8)(47.7)

58.52
123.63

* Notes(1) Changes in significant subsidiaries during the current period (Changes in specified subsidiaries
resulting in change in scope of consolidation): Yes
Included subsidiaries: 1 (name of company(ies)) Kiraboshi Securities Preparatory Co., Ltd.
Excluded subsidiaries: ___ (name of company(ies) ) ______________________________(Note) For details, please refer to “(6) Changes to significant subsidiaries in “4. Consolidated Financial Statements
and Notes” on page 12 of the Attached Materials.

(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period
financial statements after error corrections
a.
b.
c.
d.

Changes in accounting policies due to revisions to accounting standards: None
Changes in accounting policies due to other reasons: None
Changes in accounting estimates: None
Restatement of prior period financial statements after error corrections: None

(3) Number of shares issued (common stock)
a.

b.

c.

Total number of shares issued at the end of the period (including treasury stock)
March 31, 2020
30,650,115 shares
March 31, 201930,650,115 shares
Number of treasury stock at the end of the period
March 31, 2020
287,585 shares
March 31, 2019276,867 shares
Average number of shares during the period
Fiscal year ended March 31, 2020
30,369,287 sharesFiscal year ended March 31, 2019
30,443,033 shares(Note) The Company introduced Board Benefit Trust and the Company’s shares held by the said trust are included in treasury
stock.

(Reference) Non-consolidated Financial Statements
1. Non-consolidated Operating Performance for the Fiscal Year Ended March 31, 2020

(From April 1, 2019 to March 31, 2020)(1) Results in non-consolidated operations(Percentages represent year-on-year changes.)
Operating income

Fiscal year ended March 31, 2020
Fiscal year ended March 31, 2019

Fiscal year ended March 31, 2020
Fiscal year ended March 31, 2019

Operating profit

Ordinary profit

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

(%)

6,190
3,110

99.0
(5.8)

5,284
2,311

128.6
1.8

5,274
2,275

131.7
1.8

5,225
2,149

143.1
(1.7)

Net income per share

Diluted net income
per share

(¥)

(¥)

164.16
62.70

87.01
41.38

(2) Non-consolidated financial position

As of March 31, 2020

Total assets(¥ million)

Total net assets(¥ million)

199,169

198,997

Net assets to total
assets ratio
(%)
99.8

Net assets
per share(¥)
4,736.77

195,961
195,85499.9
4,631.63
As of March 31, 2019
(Reference) Equity:
As of March 31, 2020: ¥198,940 million
As of March 31, 2019: ¥195,797 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).
<Reasons for the difference in the non-consolidated financial statements between fiscal years ended March 31, 2019 and 2020.>
The Company received an extraordinary dividend from its consolidated subsidiary, Kiraboshi Bank, Ltd., in the fiscal year ended
March 31, 2020, resulting in differences in actual numbers between the fiscal years ended March 31, 2019 and 2020.
* The consolidated financial report is outside the scope of review by certified public accountants and audit corporations.
* Disclaimer and special note for referring to the forecast of operating performance
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 the forecasts due to a variety of factors.

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

Second quarter

Third quarter

Fiscal year-end

AnnualFiscal year ended March 31, 2019–124.00–124.00248.00Fiscal year ended March 31, 2020–

124.00–124.00248.00Fiscal year ending March 31, 2021
(Forecast)–125.00–125.00250.00(Notes)
1. Amount paid per share: ¥20,000
2 Computation used to calculate dividend per share(1) Fiscal year ended March 31, 2019(a) Computation
Dividend in first fiscal year = amount paid per share × annual dividend rate(b) Annual dividend rate (*)
Annual dividend rate = Japanese yen TIBOR + 1.1%(c) Japanese yen TIBOROn March 30, 2018, the Japanese yen TIBOR (12-month maturity) = 0.13636%(d) Shares issued
750,000(2) Fiscal year ended March 31, 2020(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 March 30, 2019, the Japanese yen TIBOR (12-month maturity) = 0.13636%(d) Shares issued
750,000(3) Fiscal year ending March 31, 2021 (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, 2020, the Japanese yen TIBOR (12-month maturity) = 0.14636%(d) Shares issued
750,000* For annual dividend rate, figures less than one percent are calculated to three decimal places with the third decimal place isrounded off to the second decimal place.

(Class II preferred shares)
Dividend per share (¥)
First quarter

Second quarter

Third quarter

Fiscal year-end

AnnualFiscal year ended March 31, 2019–13.636–

13.63627.272

Fiscal year ended March 31, 2020–

13.636–

13.63627.272

Fiscal year ending March 31, 2021
(Forecast)–

14.636–

14.63629.272(Notes)
1. Amount paid per share: ¥20,000
2. Computation used to calculate dividend per share(1) Fiscal year ended March 31, 2019(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 March 30, 2018, the Japanese yen TIBOR (12-month maturity) = 0.13636%(d) Shares issued
2,000,000(2) Fiscal year ended March 31, 2020(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, 2019, the Japanese yen TIBOR (12-month maturity) =0.13636%(d) Shares issued
2,000,000(3) Fiscal year ending March 31, 2020 (Forecast)(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

Attached Materials
Index
1. Overview of Operating Results etc.
(1) Overview of Operating Results and Financial Position for the Consolidated Fiscal Year Ended March 31, 2020 ꞏꞏꞏ2(2) Projection ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

3(3) Basic Policy for Profit Distribution and Dividends for This Term and the Next Term ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

3

2. Overview of the Tokyo Kiraboshi Financial Group ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

3-5

3. Basic Views on Selection of Accounting Standards ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

6

4. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

7(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

8-9(3) Consolidated Statements of Changes in Net Assets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

10- 11(4) Consolidated Statements of Cash Flows ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

12(5) Notes on Premise of Going Concern ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

13(6) Changes in significant subsidiaries during the current period ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

13(7) Notes to Consolidated Financial Statements ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

13 - 21(Reference) Trust asset balance table ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

21

5. Non-consolidated Financial Statements and Notes(1) Non-consolidated Balance Sheets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

22(2) Non-consolidated Statements of Incomeꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

23(3) Non-consolidated Statements of Changes in Net Assets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

24(4) Notes on Premise of Going Concern ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

24

6. (Reference) Non-consolidated Financial Statements of Kiraboshi Bank, Limited(1) Overview of Non-consolidated Financial Statements ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

25(2) Non-consolidated Balance Sheets ꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

26 - 27(3) Non-consolidated Statements of Incomeꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏꞏ

28* Financial Results for the Fiscal Year Ended March 31, 2020 Supplementary Information11. Overview of Operating Results etc.
(1) Overview of Operating Results and Financial Position for the Consolidated Fiscal Year Ended
March 31, 2020
(Overview of operating results for the consolidated fiscal year ended March 31, 2020)
In the Tokyo Metropolis where the Group has its principal operational base, the business environmentfor SMEs had been following a gradual recovery trend, but more recently, signs of a recession growing
since the second half of the fiscal year with the spread of the new coronavirus (COVID-19) infection,
which has led to such consequences as a decrease in inbound tourist demand, postponement of large
scale events, including the Olympic Games Tokyo 2020, and calls for people to refrain from going out,
forcing retailers and restaurants to shut down. Looking ahead, it is anticipated that the impact on
economic activities will become more serious as the virus starts taking its toll on real estate and otherindustries. The outlook for the economy will likely continue to be extremely unclear.
In this situation, with an increasing social demand for the Group to fulfill its function as a financial
institution, the Group has been working on constructing a system to ensure business continuity by
reducing the risk of simultaneous infection of employees engaged in similar work, while at the sametime paying maximum attention to the health and safety of our customers and employees, andresponding to the stay-at-home request.
In particular, the Group has enhanced its support structure to help SMEs, which are faced with funding
difficulties or rapid worsening of business conditions, and have proactively implemented measures
including the establishment of an emergency lending facility in February 2020.
Operating in this environment, the Group proceeded to convert an equity-method affiliate to awholly-owned subsidiary with the aim of optimizing group-wide management resources andmaximizing synergies across the Group. This led to recognition of the subsidiary’s income in the
consolidated financial statements which, combined with such other factors as an increase in otherbusiness income arising from the sale of bonds, resulted in an increase of ¥15.2 billion year-on-year in
ordinary income for the fiscal year ended March 31, 2020, to ¥94.0 billion. Ordinary expenses increasedby ¥16.3 billion year-on-year to ¥91.6 billion, due largely to recognition of the aforementioned
consolidated subsidiary’s expenses in the consolidated financial statements, customer defaults caused byinappropriate accounting treatment, and an increase in credit-related costs arising from additional
provisions made in consideration of the effects of the COVID-19 infection. As a result, ordinary profit
decreased by ¥1.1 billion year-on-year to ¥2.3 billion. Meanwhile, the sale of the Shinjuku Office andother measures to realize merger and integration effects helped to increase profit attributable to ownersof parent by ¥2.7 billion year-on-year to ¥7.6 billion.
(Overview of financial position for the consolidated fiscal year ended March 31, 2020)
As of March 31, 2020, total assets amounted to ¥5,501.1 billion, up ¥127.9 billion from the end of theprevious fiscal year, and net assets stood at ¥294.4 billion, a ¥1.3 billion increase from the end of theprevious fiscal year.
With respect to major account balances, deposits increased ¥104.0 billion from the end of the previous
fiscal year to ¥4,631.1 billion, and loans and bills discounted increased ¥64.4 billion from the end of theprevious fiscal year to ¥3,760.8 billion, while securities decreased ¥147.0 billion from the end of theprevious fiscal year to ¥948.0 billion.
(Overview of cash flow for the consolidated fiscal year ended March 31, 2020)
During the fiscal year ended March 31, 2020, net cash provided by operating activities was ¥25.4
billion, due largely to the inflow from a net increase in deposits and call money. Net cash provided byinvesting activities was ¥118.2 billion, due largely to the inflow from the sale and redemption of
securities, while cash was used in purchase of securities. Net cash used in financing activities was ¥7.2
billion, attributable primarily to redemption of subordinated loans and payment of dividends. As a result,2

and cash equivalents at the end of the fiscal year ended March 31, 2020 were ¥538.2 billion, an increaseof ¥136.3 billion from the end of the previous fiscal year.
(2) Projection
The forecast of the consolidated operating performance for the fiscal year ending March 31,
2021, is as follows.
Ordinary income of ¥5.7 billion
Profit attributable to owners of parent of ¥4.0 billion
Looking ahead at economic conditions in the coming period, there is a risk that the domestic economy
will slow down throughout the year due to the spread of the COVID-19 infection, which is directly or
indirectly affecting industries on a broad front.
As it is difficult to forecast the development of the COVID-19 situation, which depends on the timingof its containment and other factors, there is a possibility that the Group’s business results and financial
positions for the fiscal year ending March 31, 2021, will be significantly affected.
The forecast presented above represents the judgment of management based on information currently
available, and may include uncertainties. Actual results, etc. may differ from the above forecast due tothe change of business condition, etc.
(3) Basic Policy for Profit Distribution and Dividends for This Term and the Next Term
The Company’s basic policy is to work to maintain a sound financial position throughsufficient and relevant internal reserves in consideration of its public nature as a bankholding company, while prioritizing returns to shareholders as an importantmanagement issue as it provides ongoing and stable dividends.
In consideration of this policy, the Company will pay out dividends of ¥60 per share (aninterim dividend of ¥30 and a year-end dividend of ¥30) for the fiscal year ended March
31, 2020. For First Series Class I preferred shares, in accordance with the provisions of
the Articles of Incorporation, an annual dividend of ¥248 per share (an interim dividendof ¥124 and a year-end dividend of ¥124) will be paid. For Class II preferred shares,
likewise in accordance with the provisions of the Articles of Incorporation, an annual
dividend of ¥27.272 per share (an interim dividend of ¥13.636 and a year-end dividend of¥13.636) will be paid.
Note that an annual dividend of ¥60 per share of common stock (an interim dividend of¥30 and a year-end dividend of ¥30) is scheduled for the fiscal year ending March 31,
2021 based on the policy described above. For First Series Class I preferred shares, inaccordance with the provisions of the Articles of Incorporation, an annual dividend of¥250 per share (an interim dividend of ¥125 and a year-end dividend of ¥125) will be
paid. For Class II preferred shares, likewise in accordance with the provisions of the
Articles of Incorporation, an annual dividend of ¥29.272 per share (an interim dividend of¥14.636 and a year-end dividend of ¥14.636) will be paid.
2. Overview of the Tokyo Kiraboshi Financial GroupThe Group (the Company and the Company’s affiliates) is composed of the Company, fifteen
consolidated subsidiaries, and one affiliates (equity-method affiliate), and is engaged in business related
to financial services with a focus on banking services.
Effective December 27, 2019, the Group established a wholly-owned subsidiary, Kiraboshi Securities
Preparatory Co., Ltd., which is scheduled to start operation in August 2020 under the trade name
“Kiraboshi Life Design Securities Co., Ltd.”.
Reflecting the above, the reportable segments of the Group comprise the banking business, leasing
business and other, and their operational positioning is as follows.

3

[Banking services]
Kiraboshi Bank, Limited is engaged primarily in deposit services, loan services, trading accountsecurities services, securities investment services, domestic exchange services, foreign exchange
services, and trust and other services which are provided through their head offices and branches, etc.,
located in a business area centered around the Tokyo Metropolis and the northeast of Kanagawa
Prefecture. The Group positions these banking services as its core businesses and provides financial
products and services that match each stage in life or lifecycle through high quality consulting
business, to contribute to the development of local communities.
In addition, two consolidated subsidiaries operate credit guarantee businesses.
[Leasing business]
Tokyo Kiraboshi Lease, Inc. is striving to contribute to the development of local economies by
responding to customers’ diverse leasing needs for items ranging from OA equipment to industrial
machinery and automobiles.
[Others]
The other eleven consolidated subsidiaries and one affiliates (equity-method affiliate)
are engaged in services ancillary to banking services such as consulting services,computer-related services, information provision services, and credit card services, andwork together with the Company to support the financial needs of customers.

Note that the Group qualifies as a specified listed company, etc. as prescribed in Article 49 Paragraph
2 of the Cabinet Office Order on Restrictions on Securities Transactions, and accordingly uses figures on
a consolidated basis in assessing the criteria for considering whether a material fact subject to insider
trading regulations is of minor importance.

The diagram on the following page illustrates the business portfolio, as describedabove.

4

(As of March 31, 2020)
Head office, 153 branches, 10 offices

Bankingbusiness

Kiraboshi Credit Guarantee Co., Ltd.
(Guarantee operations including housing loans)(Domestic consolidated subsidiary)
Yachiyo Credit Guarantee Co., Ltd.
(Guarantee operations including housing loans)(Domestic consolidated subsidiary)

Kiraboshi Service Co., Ltd.
(Building cleaning, maintenance, and management work; procurement andmanagement work for advertising equipment, etc.)(Domestic consolidated subsidiary)

Kiraboshi Bank, Limited(Consolidated subsidiary)
Kiraboshi Business Service Co., Ltd.
(Email, bill collection, concentrated administrative services)(Domestic consolidated subsidiary)
Kiraboshi Credit Service Co., Ltd.
(Credit card services)(Domestic consolidated subsidiary)

Other

Kiraboshi Tech, Inc.
(Development and provision of services using FinTech)(Domestic consolidated subsidiary)
Kiraboshi Business Consulting Shanghai Co., Ltd.
(Corporate management consulting services,trade information consulting services, investment consulting services)(Overseas consolidated subsidiary)Tokyo Kiraboshi Financial Group, Inc.

KIRABOSHI BUSINESS CONSULTING VIETNAM COMPANY LIMITED(Corporate management consulting services, trade information consulting services,
investment consulting services)
Overseas consolidated subsidiaries

Tokyo Kiraboshi Lease, Inc.

Leasingbusiness(Consolidated subsidiary)
Kiraboshi System, Inc.

Other

(Consolidated subsidiary)
Kiraboshi Consulting Co., Ltd.

Other(Consolidated subsidiary)
Kiraboshi JCB Co., Ltd.

Other(Consolidated subsidiary)
Kiraboshi Capital Co., Ltd.

Other(Consolidated subsidiary)
Kiraboshi Securities Preparatory Co., Ltd.

Other(Consolidated subsidiary)
Sky Ocean Asset Management Co., Ltd.
(Investment trust management business)(Domestic equity-method affiliate)

Other

Non-consolidated subsidiaries other than the above
・ Tokyo Kanagawa Innovation Support Series 1 Investment Limited Partnership for the Investment Business
・ Kiraboshi Capital-Mercuria Investment Limited Partnership for the Investment Business
・ Kiraboshi Capital Yume Habataki Series 1 Investment Limited Partnership for the Investment Business(Note 1) Effective May 28, 2019, the Group’s consolidated subsidiary of Kiraboshi Bank, Ltd. converted its equity-method affiliate of Tokyo Kiraboshi Lease, Inc. to a consolidated
subsidiary, and effective June 20, 2019, raised its ownership interest to 100%.
(Note 2) Effective August 1, 2019, Tokyo Kiraboshi Lease, Inc. was converted to a direct wholly-owned subsidiary of Tokyo Kiraboshi Financial Group.
(Note 3) Effective August 1, 2019, Kiraboshi System, Inc. was converted to a direct wholly-owned subsidiary of Tokyo Kiraboshi Financial Group.
(Note 4) Effective August 1, 2019, Kiraboshi JCB Co., Ltd. was converted to a direct wholly-owned subsidiary of Tokyo Kiraboshi Financial Group.
(Note 5) Effective August 9, 2019, the Group’s new consolidated subsidiary of KIRABOSHI BUSINESS CONSULTING VIETNAM COMPANY LIMITED was established in Ho Chi
Minh City, Vietnam, as a wholly-owned subsidiary of the Group’s consolidated subsidiary of Kiraboshi Bank Ltd.
(Note 6) Effective December 27, 2019, Tokyo Kiraboshi Financial Group established Kiraboshi Securities Preparatory Co., Ltd. as a wholly owned subsidiary which is scheduled to start
operation in August 2020 under the trade name of “Kiraboshi Life Design Securities Co., Ltd”.

5

3.

Basic Views on Selection of Accounting Standards
Over the near term, the Group will prepare its consolidated financial statements based on
J-GAAP, because the Group’s business activities are focused on Japan and to ensure that
consolidated financial statements can be compared across time.
In terms of the application of International Financial Reporting Standards (IFRS), an
appropriate response will be made in consideration of circumstances in Japan and overseas.

6

4. Consolidated Financial Statements and Notes(1) Consolidated Balance Sheets
As of March 31, 2019(¥ million)
As of March 31, 2020

AssetsCash and due from banks
Call loans and bills bought
Monetary claims bought
Trading account securities
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investment assets
Other assets
Tangible fixed assets
Buildings
Land
Leased assets
Construction in progress
Other tangible fixed assets
Intangible fixed assets
SoftwareLeased assets
Other intangible fixed assets
Net defined benefit assets
Deferred tax assets
Customers’ liabilities for acceptances and guarantees
Reserve for possible loan losses
Total assets

402,718
2,308
59,326973－
1,095,059
3,696,398
5,984－
47,52560,266
19,69635,451
1,538
226
3,354
3,097
2,054
116
926
14,128
5,940
5,596(26,112)
5,373,212

538,902
2,513
74,1991,006
651
948,0423,760,834
5,593
17,622
93,27358,41917,11933,192
2,262
439
5,404
3,771
1,998
256
1,516
13,234
11,251
4,905(33,076)
5,501,145

4,527,089
16,100113,329
344,918
43,566533－
245
24,561
1,701
158
82
65
20
39
8
1,351
－
656
61
5,596
5,080,087

4,631,187
7,300
217,692
256,620
42,177232
4,200－
37,291
1,637
183
139
65
23
40
8
1,318
935
659
60
4,905
5,206,683

27,500150,473
109,053(804)
286,223
7,923
－
(242)
8
(1,250)
6,440
56
404
293,124
5,373,212

27,500150,684
114,641(814)
292,010
5,629
41
(242)
4
(3,038)2,394
56－
294,4625,501,145

Liabilities

Deposits
Negotiable certificates of deposit
Call money and bills soldPayables under securities lending transactions
Borrowed money
Foreign exchange
Corporate bonds
Borrowed money from trust account
Other liabilities
Reserve for employee bonuses
Provision for directors’ bonuses
Provision for stock compensations
Net defined benefit liabilities
Reserve for directors’retirement benefits
Reserve for point card certificates
Reserve for loss on interest repayments
Reserve for loss on dormant deposit repayments
Provision for loss on cancellation of system contracts
Provision for contingent loss
Deferred tax liabilities
Acceptances and guarantees
Total liabilities
Net Assets

Common stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Net unrealized gain on available-for-sale securities
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
Non-controlling interests
Total net assets
Total liabilities and net assets

7

(2) Consolidated Statements of Income and Consolidated Statements of Comprehensive Income
Consolidated Statements of Income
Year ended
March 31, 2019

Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Interest on call loans and bills boughtInterest on deposits with banks
Other interest income
Trust fees
Fees and commissions
Other operating income
Other ordinary income
Gain on recovery of write-off claims
OthersOrdinary expenses
Interest expenses
Interest on deposits
Interest on negotiable certificates of deposit
Interest on call money and bills soldInterest on payables under securities lending transactions

Interest on borrowed money
Interest on corporate bonds
Other interest expenses
Fees and commissions payments
Other operating expenses
General and administrative expenses
Other ordinary expenses
Provision of allowance for loan losses
Other ordinary expenses
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Gain on step acquisitions
Gain on bargain purchase
Extraordinary losses
Loss on disposal of fixed assets
Impairment losses
Provision for loss on cancellation of system contracts
Profit before income taxes
Income tax – current
Income tax – deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

8

78,77758,49743,07914,121
36
300
960
107
16,585
872
2,715
91
2,623
75,297
3,522
1,192
2
817
1,340
88
－
81
3,286
1,200
57,502
9,785
3,732
6,053
3,480
0
0
－
－
111
111
－
－
3,368
1,079
(2,655)(1,575)
4,944
30
4,914

(¥ million)
Year ended
March 31, 2020
94,031
56,98943,808
11,940
38
299
903
156
16,880
6,762
13,241
87
13,15391,683
2,381
1,094
1
606
584
76
7
9
3,045
1,621
55,814
28,821
11,17817,643
2,347
6,975
6,315
523
136
1,065
59
70
935
8,256
3,861
(3,264)
597
7,659
2
7,657

Consolidated Statements of Comprehensive Income

Year ended
March 31, 2019

ProfitOther comprehensive income
Net unrealized gain on available-for-sale securities
Net deferred gains (losses) on hedges
Foreign currency translation adjustments
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 of parent
Comprehensive income attributable to non-controlling interests

9

4,944
(535)
2,084
－
(1)
(2,396)
(222)
4,408

(¥ million)
Year ended
March 31, 2020
7,659
(4,088)(2,293)41(4)(1,788)
(44)
3,571

4,364
43

3,611
(40)

(3) Consolidated Statements of Changes in Net Assets(Year ended March 31, 2019)(¥ million)
Shareholders’ equity
Common stock

Balance at beginning of the year

Capital surplus

27,500Retained earnings

150,576

Total shareholders’equityTreasury stock(625)

106,206

283,657

Changes of items during the reporting period(1)

Purchase of shares of consolidated subsidiaries(1)

Dividends of surplus(2,066)(2,066)

Profit attributable to owners of parent

4,914

4,914

Acquisition of treasury stock
Disposition of treasury stock(7)

Change in interest in subsidiaries

(93)

(231)

(231)

52

45
(93)

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

－

(102)

2,847

(178)

2,566

27,500150,473

109,053(804)

286,223

Accumulated other comprehensive income

Balance at beginning of the year

Net unrealized
gain onavailable-forsale securities

Revaluation
reserve for land

6,075

(242)

Foreign currency Remeasurements
translationof definedadjustment
benefit plans

Total
accumulated
othercomprehensive

1,146

6,989

10

Subscription
rights toshares

Noncontrollinginterests

101

271

Total net
assets291,020

Changes of items during the reporting period(1)

Purchase of shares of consolidated subsidiaries
Dividends of surplus(2,066)

Profit attributable to owners of parent

4,914

Acquisition of treasury stock(231)

Disposition of treasury stock

45

Change in interest in subsidiaries(93)

Net changes of items other than shareholders’ equity
during the reporting period

1,848

－

(1)

(2,396)

(549)

(45)

133

(461)

Total changes of items during the reporting period

1,848

－

(1)

(2,396)

(549)

(45)

133

2,104

Balance at end of period

7,923

(242)

8

(1,250)

6,440

56

404

293,124

10

(Year ended March 31, 2020)(¥ million)
Shareholders’ equity
Common stock

Balance at beginning of the year

Capital surplus

27,500Retained earnings

Total shareholders’equityTreasury stock

150,473

109,053(804)

286,223

214

(0)

213

Dividends of surplus(2,068)(2,068)

Profit attributable to owners of parent

7,657

Changes of items during the reporting period
Purchase of shares of consolidated subsidiaries

Acquisition of treasury stock(4)

Disposition of treasury stock

7,657
(26)

(26)

15

11

Change in interest in subsidiaries
Net changes of items other than shareholders’equity during the reporting period
Total changes of items during the reporting period
Balance at end of period

－

210

5,587

(10)

5,787

27,500150,684

114,641(814)

292,010

Accumulated other comprehensive income
Net unrealized
Net deferredgain ongains (losses)
available-foron hedges
sale securities

Balance at beginning of the year

7,923

－

Revaluation
reserve for
land

(242)

Total
Subscription
Remeasurements accumulated
rights to sharesof definedotherbenefit planscomprehensive
incomeForeigncurrencytranslation
adjustment

8(1,250)6,44056

Noncontrollinginterests

404

Total net
assets

293,124

Changes of items during the reporting period
213

Purchase of shares of consolidated subsidiaries
Dividends of surplus(2,068)

Profit attributable to owners of parent

7,657

Acquisition of treasury stock(26)

Disposition of treasury stock

11

Change in interest in subsidiaries－

Net changes of items other than shareholders’equity during the reporting period(2,294)

41

－

(4)

(1,788)(4,045)－(404)(4,450)Total changes of items during the reporting period(2,294)

41

－

(4)

(1,788)(4,045)

－

(404)

1,337

Balance at end of period

5,629

41

(242)

4

(3,038)

2,394

56

－

294,46211

(4) Consolidated Statements of Cash Flows(¥ million)
Year ended
March 31, 2020

Year ended
March 31, 2019
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Retirement benefit expenses
Bargain purchase loss (gain)
Step acquisitions loss (gain)
Share profit of entities accounted for using equity method
Increase (decrease) in reserve for possible loan losses
Increase (decrease) in reserve for employee bonuses
Increase (decrease) in provision for directors’ bonuses
Increase (decrease) in provision for stock compensations
Decrease (increase) in net defined benefit assets
Increase (decrease) in net defined benefit liability
Increase (decrease) in reserve for directors’ retirement benefits
Increase (decrease) in reserve for point card certificates
Increase (decrease) in reserve for loss on interest repayments
Increase (decrease) in reserve for loss on dormant deposit repayments
Increase (decrease) in provision for loss on cancellation of system contracts

Increase (decrease) in provision for loss on transfer of business
Increase (decrease) in reserve for contingent loss
Gain on fund management
Financing expenses
Gain (loss) on securities
Net losses (gains) on money held in trust
Foreign exchange losses (gains)
Net loss (gain) on disposal of fixed assets
Net increase (decrease) in trading account securities
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 loans)
Net decrease (increase) in deposit (excluding deposit paid to Bank of Japan)

Net (decrease) increase in call loans
Net increase (decrease) in call money
Net increase (decrease) in payables under securities lending transactions
Net decrease (increase) in foreign exchange (assets)
Net increase (decrease) in foreign exchange (liabilities)

Net decrease (increase) in lease receivables and investment assets
Increase (decrease) due to issuance and redemption of straight bonds
Net increase (decrease) in borrowed money from trust accountProceeds from fund management
Payments for finance
Other
Subtotal
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities

Cash flows from investing activities
Purchase of securities
Proceeds from sales of securities
Proceeds from redemption of securities

Payments due to increase in money held in trust
Purchase of tangible fixed assets
Retirement of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchase of intangible fixed assets
Payment from changes in ownership interests in subsidiaries
that result in changes in scope of consolidation
Proceeds from transfer of businessNet cash provided by (used in) investing activities

3,368
4,787
－
1,240
－
－
39
(83)
(438)
158
82
4,263
(2,780)
(46)
(19)
0
165
(200)
(194)
43
(58,497)
3,522(1,194)－(6,098)111(266)(20,252)(125,019)
6,560(29,991)
1,481(4,719)54,392(12,346)
7,572
309
－
－
191
58,936(3,979)11,897(107,004)(450)
867(106,587)

8,256
3,958
70
1,307
(136)
(523)
(17)
6,404
(78)
24
57
893
(0)
(10)
1
(0)
(32)
935
－
3
(56,989)
2,381(3,087)48
2,262(6,255)(32)(70,843)
104,275(8,800)(11,732)200(15,034)
104,363(88,297)391(300)(1,880)2,200(245)
59,334(2,715)(3,583)
26,774(1,744)403
25,433(219,130)
147,193
213,765－(3,905)(815)
0(1,495)(279,044)
264,935
126,400(700)(1,840)(566)
11,285(1,210)－118,200－(2,067)
(1)
(231)
0
0

(5,000)(2,069)
(4)
(72)
15
－

(4)
(469)
(2,774)
5
26,562
375,365
401,928(64)(83)(7,277)
1
136,357
401,928
538,286

Cash flows from financing activities
Repayments of subordinated borrowings
Cash dividends paid
Dividends paid to non-controlling interests
Purchase of treasury shares
Proceeds from sale of treasury stock
Proceeds from exercise of share options
Payments from changes in ownership interests in subsidiaries
that do not result in changes in scope of consolidation
Repayments of lease obligations
Net cash provided by (used in) financing activities

Effect of exchange rate changes on cash and cash equivalents
Net change in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year12

(1,057)－
307
135,919

(5) Notes on Premise of Going Concern
Not applicable.
(6) Changes in significant subsidiaries during the current period
Effective December 27, 2019, the Group established Kiraboshi Securities Preparatory Co., Ltd., as awholly-owned subsidiary. It is included in the scope of consolidation from the fiscal year ended March 31, 2020,
and is scheduled to start operation in August 2020 under the trade name “Kiraboshi Life Design Securities Co.,
Ltd.”
Effective May 28, 2019, the Group’s consolidated subsidiary of Kiraboshi Bank, Ltd., converted its
equity-method affiliate, Tokyo Kiraboshi Lease, Inc., into a consolidated subsidiary and, effective June 20, 2019,
raised its ownership interest to 100%. Note that this event does not constitute a change in specified subsidiaries.
Further, effective August 1, 2019, three of Kiraboshi Bank, Ltd.’s consolidated subsidiaries of Tokyo
Kiraboshi Lease, Inc., Kiraboshi System Inc. and Kiraboshi JCB Co., Ltd. were converted to direct
wholly-owned subsidiaries of the Group. Effective August 9, 2019, KIRABOSHI BUSINESS CONSULTING
VIETNAM COMPANY LIMITED was established in Ho Chi Minh City, Vietnam, as a wholly-owned
subsidiary of Kiraboshi Bank Ltd. The new subsidiary is included in the scope of consolidation from the fiscal
year ended March 31, 2020.
(7) Notes to Consolidated Financial Statements(Business combinations)(Acquisition of shares of subsidiaries)
1. Reasons for the share acquisition
Amidst diversifying customer needs, the Group deemed it more necessary than ever to provide
comprehensive financial services through the combined strength of the Group in order to further enhance its
financial services. To this end, it proceeded to raise Kiraboshi Bank’s ownership interest in its consolidated
subsidiaries, etc.
Through this business combination, the Group will push forward in strengthening its group managementwith a view to improving corporate value.

2. Additional acquisition of subsidiaries’ shares(1) Summary of the transaction(i) Names and business description of the parties to the business combination
Names of the parties to the businessBusiness description
combination
Kiraboshi System, Inc.
Computer-related services business
Kiraboshi JCB Co., Ltd.
Credit card businessYachiyo Credit Guarantee Co., Ltd.
Credit guarantee business(ii) Date of the business combination
Names of the parties to the businesscombination
Kiraboshi System, Inc.
Kiraboshi JCB Co., Ltd.
Yachiyo Credit Guarantee Co., Ltd.

Date of the business combination
May 28, 2019
May 28, 2019
September 27, 2019

Effective August 1, 2019, Kiraboshi System, Inc. and Kiraboshi JCB Co., Ltd., the consolidated
subsidiaries of Kiraboshi Bank, Ltd., were converted into direct wholly-owned subsidiaries of theGroup.
(iii) Legal form of the business combination
Purchase of shares from non-controlling interests with cash paid as consideration.

13

(iv) Name of the company after combination
There was no change in the names of the companies after combination(2) Outline of the accounting treatment applied
The transaction is treated as a transaction with non-controlling interests, which constitutes a transaction
under common control, etc., in accordance with “Accounting Standard for Business Combination”(Accounting Standards Board of Japan (“ASBJ”) Statement No 21, January 16, 2019) and“Implementation Guidance on Accounting Standard for Business Combinations and Accounting Standard
for Business Divestitures” (ASBJ Implementation Guidance No. 10, January 16, 2019).
(3) Matters related to the additional acquisition of subsidiaries’ shares(i) Kiraboshi System, Inc.
Consideration for the acquisition¥162 million in cash
Acquisition cost¥162 million(ii) Kiraboshi JCB Co., Ltd.
Consideration for the acquisition
Acquisition cost¥126 million in cash
¥126 million(iii) Yachiyo Credit Guarantee Co., Ltd.
Consideration for the acquisition¥45 million in cash
Acquisition cost
¥45 million(4) Matters related to changes in the Group’s equity associated with the transaction with non-controllinginterests(i) Major factor for the change in capital surplus
Additional purchase of subsidiaries’ shares(ii) Increment in capital surplus from the transaction with non-controlling interests¥217 million
3. Conversion of equity-method affiliate to a subsidiary through share acquisition(1) Name and business description of the acquired company(i) Name and business description of the acquired company
Name of the acquired company
Business description
Tokyo Kiraboshi Lease, Inc.
General leasing business(ii) Primary reasons for the business combination
In order to further enhance its financial services, the Group deemed it more necessary than ever toprovide comprehensive financial services through the combined strength of the Group. To this end, it
proceeded to raise Kiraboshi Bank Ltd.’s ownership interest in the company.
Note that, effective August 1, 2019, Tokyo Kiraboshi Lease Inc. was converted from a consolidated
subsidiary of Kiraboshi Bank, Ltd., to a direct wholly-owned subsidiary of Tokyo Kiraboshi Financial
Group.
(iii) Date of the business combination
May 28, 201914

(iv) Legal form of the business combination
Purchase of shares with cash paid as consideration.
(iv) Name of the company after combination
There is no change in the name of the company after combination(vi) Ratio of voting rights acquired
Tokyo Kiraboshi Lease, Inc.
Ratio of voting rights owned immediately prior
to the business combination
Ratio of voting rights acquired additionally on
the date of the business combination
Ratio of voting rights after the acquisition

35.5%
64.5%
100.0%(vii) Main grounds for deciding on the acquisition
Kiraboshi Bank, Ltd., acquired the voting rights of Tokyo Kiraboshi Lease, Inc., its equity-method
affiliate, through share acquisition with cash paid as consideration.
(2) Matters related to the calculation of acquisition cost(i) Breakdown of acquisition cost and consideration for acquisition of the acquired company, by categoryMarket price of ordinary shares owned immediately prior to the businesscombination, as of the date of business combination¥582 million
Consideration for the additional ordinary shares acquired
Cash¥1,057 million
Acquisition cost
¥1,640 million(ii) Difference between the cost of acquisition of the acquired company and total amount of acquisition
cost of each transaction in the acquisition
Difference associated with step acquisition ¥523 million yen(3) Description and amount of major acquisition-related costs
Advisory fees, commissions, etc. ¥1 million
The amount represents the aggregate of acquisition-related costs, including those related to additional
acquisition of other subsidiaries’ shares.
(4) Period of financial results of the acquired company included in the consolidated financial statements of
the Group
From April 1, 2019 to March 31, 2020
(5) Amount and cause of the gain on bargain purchase(i) Amount of the gain on bargain purchase¥136 million(ii) Cause
Because the cost of acquisition was less than the net amount of assets acquired and liabilities assumed,
the difference is recognized as a gain on bargain purchase.

15(6) Amounts and principal items of assets acquired and liabilities assumed on the date of the businesscombination(i) Amount of assets
Total assets
28,803 million yenof which, lease receivables and lease investment assets
17,376 million yen(ii) Amount of liabilities
Total liabilitiesof which, bondsof which, borrowings

27,069 million yen
2,000 million yen
21,752 million yen（Segment information, etc.）
1. Summary of reportable segments
The reportable segments of the Group are the business units for which the Group is able to obtainfinancial information separately for assessment of business results by the Management Committee, etc.,
and comprise banking and leasing business segments, the performance of which are reviewed
periodically.
In the banking business segment, the Group is engaged primarily in the principal banking operationsof deposit services, loan services, trading account securities services, securities investment services,
domestic exchange services, foreign exchange services and trust services. In the leasing businesssegment, the Group is engaged in leasing services as part of finance-related business. Operations notincluded in the reportable segments are recorded as an aggregate under “Other”.
In the fiscal year ended March 31, 2019, presentation of segment information was omitted as thebanking business was the sole reportable segment of the Group. Following the conversion of Tokyo
Kiraboshi Lease, Inc., from an equity-method affiliate to a consolidated subsidiary, the Group
conducted a review of reportable segments in the fiscal year ended March 31, 2020.
As a result of the review, a change was made to the reportable segments, which now comprise“banking business” and “leasing business”.
2. Calculation method of ordinary income, profit, assets, liabilities and other items by reportable segment
Accounting treatment of reportable segments is the same as that stated in “Basis of Presentation of theConsolidated Financial Statements”.
Reportable segment income is based on ordinary income. Intersegment ordinary income is based ontransaction prices among third parties.
3. Information related to ordinary income, profit, assets, liabilities and other items.
Consolidated fiscal year ended March 31, 2020 (from April 1, 2019 to March 31, 2020)(Millions of yen)
Reportable segments
Bankingbusiness

Leasingbusiness

Total

Other

Total

Ordinary income
Ordinary income fromexternal customers

84,273

11,102

95,376

1,786

97,162

Intersegment ordinary income

157

850

1,007

9,073

10,081

Total

84,431

11,95396,384

10,860107,244

16

Segment income

5,718

29

5,747

5,894

11,642

Segment assets

5,486,602

29,4525,516,054

205,382

5,721,437

Segment liabilities

5,194,129

29,192

5,223,322

4,381

5,227,703

Other items
Depreciation

3,880

28

3,908

50

3,958

Interest income

58,814

13

58,827

5,154

63,981

Interest expenses

2,381

121

2,502

21

2,524

-

-

-

17

17

5,575

-

5,575

-

5,575

5,575

-

5,575

-

5,575

-

-

-

-

-

-

-

-

47

47

5,265

634

5,899

261

6,160

Share of profit of entities
accounted for using theequity method
Extraordinary income(Gain on disposal of tangible
fixed assets)(Gain on bargain purchase)
Investments in entities accounted
for using the equity method
Increase in tangible andintangible fixed assets(Note) 1. Ordinary income is presented instead of net sales generally used by non-financial companies.
2. “Other” represents business segments other than those of the reportable segments and include
consulting services, computer-related services, information provision services, and the credit
card business.
4. Difference between total amount of reportable segments and the recorded amounts in the consolidated financial
statements, and the principal components of the difference (matters relating to adjustment of difference)(1) Total of ordinary income of reportable segments and ordinary income recognized in the consolidated statement ofincome(Millions of yen)
Ordinary income

Fiscal year ended March 30, 2020

Total of reportable segments

96,384

Ordinary income categorized in “Other”

10,860Purchase accounting adjustment(10,081)

Elimination of inter-segment transactions(3,130)Ordinary income in the consolidated

94,031statement of income(Note) Ordinary income is presented instead of net sales which is generally used by non-financial

companies. Reconciliation is stated for the difference between reportable segment ordinary
income and the ordinary income recognized in the consolidated statement of income.

17

(2) Total reportable segment income and ordinary income recognized in the consolidated statement of income(Millions of yen)
IncomeFiscal year ended March 31, 2020

Total of reportable segments

5,747

Income in “Other”

5,894

Purchase accounting adjustment(3,506)

Elimination of inter-segment transactions(5,788)

Ordinary income in the consolidated

2,347

statement of income(3) Total reportable segment assets and assets recognized in the consolidated balance sheet(Millions of yen)
AssetsFiscal year ended March 31, 2020

Total of reportable segments

5,516,054

Assets in “Other”

205,382

Purchase accounting adjustment(8,235)

Elimination of inter-segment transactions(212,056)

Total assets in the consolidated balance

5,501,145

sheet(4) Total reportable segment liabilities and liabilities recognized in the consolidated balance sheet(Millions of yen)
Liabilities

Fiscal year ended March 31, 2020

Total of reportable segments

5,223,322

Liabilities in “Other”

4,381

Purchase accounting adjustment(1,535)

Elimination of inter-segment transactions(19,484)

Total liabilities in the consolidated

5,206,683

balance sheet18

(5) Total of other items of reportable segments and amounts of corresponding items recognized in the consolidated
financial statements(Millions of yen)Amounts in

Total of reportable
Other items

Other

segments

Adjustments

consolidated financial
statements

Fiscal year ended

Fiscal year ended

Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2020

March 31, 2020

March 31, 2020

Depreciation

3,908

50

-

3,958

Interest income

58,827

5,154(6,991)

56,989Interest expenses

2,502

21

(143)

2,381

-

17

-

17

5,575

-

1,399

6,975

5,575

-

739

6,315

-

-

136

136

-

47

-

47

5,899

261

(1,458)

4,702

Share of profit of entities
accounted for using theequity method
Extraordinary income(Gain on disposal of
non-current assets)(Gain on bargain purchase)
Investments in entities
accounted for using theequity method
Increase in tangible andintangible fixed assets

19(Per Share Information)
Reporting period(Year ended March 31, 2020)
Net assets per share¥

Profit attributable to owners of parent per share¥

Profit attributable to owners of parent per share (Diluted)¥

7,880.94
244.21
127.49Notes:
1. The calculation basis for net asset amount per share is as follows.
Reporting period(As of March 31, 2020)
Total net assets
Amount deducted from total net assets(¥ million)(¥ million)

Paid-in amount of preferred stock(¥ million)

Cash dividends on preferred stock(¥ million)

Subscription rights to shares(¥ million)

Non-controlling interests
Net asset amount for common stock at the year-end(¥ million)(¥ million)

Number of shares of common stock at the year-end used for
calculating net asset amount per share

Thousandshares2.

294,462
55,17655,000120
56
239,285
30,362

The following is the basis for calculating the amount of net income per share and the amount of diluted net income
per share for the reporting period.
Reporting period(Year ended March 31, 2020)

Profit attributable to owners of parent per share
Profit attributable to owners of parent
Amount not belonging to common stock
Cash dividends on preferred stock
Profit attributable to owners of parent in relation tocommon stock
Weighted-average shares of common stock during theperiodProfit attributable to owners of parent per share (Diluted)
Profit attributable to owners of parent adjustment amount
Cash dividends on preferred stock
Effect of dilutive securities
Preferred stock
Subscription rights to shares
Summary of residual securities not included in calculationof net profit per share after adjustment of residual
securities because they have no dilutive effects

3.

(¥ million)(¥ million)(¥ million)

7,657
240
240

(¥ million)

7,416

Thousandshares30,369(¥ million)(¥ million)
ThousandsharesThousandsharesThousandshares240240
29,687
29,66719－

The Company’s shares which are held by the trust in relation to the stock compensation plan and which are recorded
as treasury shares under shareholders’ equity are, in the calculation of net assets per share, included in the treasury
shares which are excluded from the total number of issued shares at fiscal year-end. In the calculation of profit
attributable to owners of parent per share and diluted profit attributable to owners of parent per share, the same is also
included in treasury shares which are excluded for calculating the weighted-average number of shares outstanding
during the period. The number of the said treasury shares at the end of the period which were excluded in calculating
net assets per share is 97,000 shares. The weighted-average number of the said treasury shares outstanding during theperiod which were excluded in calculating profit attributable to owners of parent per share and diluted profit
attributable to owners of parent per share is 98,000 shares.

20

(Significant Subsequent Events)
Not applicable.

(Reference)
Trust asset balance table(As of March 31, 2020)(Millions of yen)
Asset
Loans and bills discounted

Loans on deeds
Monetary claims
Other monetary claims
Property, plant and equipment
MovablesReal estate
Cash deposits
Deposits
Total

Value

Liability
2,476
2,476
26,718Specified money in trust
Monetary claims in trust
Composite trusts

Value
2,535
26,87015,104

26,71814,480634
13,846833
833
44,51021

Total44,5105. Non-consolidated Financial Statements and Notes(1) Non-consolidated Balance Sheets(¥ million)
As of March 31, 2020

As of March 31, 2019
AssetsCurrent assets
Cash and due from banks
Accounts receivable - otherPrepaid expenses
Income taxes receivable
Suspense payments
Deposits paid
Total current assets
Non-current assets
Investments and other assets
Shares of subsidiaries and associates
Deferred tax assets
Total investments and other assets
Total non-current assets
Deferred assets
Organization expenses
Share issuance cost
Total deferred assets
Total assets
Liabilities
Current liabilities
Accounts payable - other
Dividends payable
Income taxes
Deposits received
Suspense receipt
Reserve for employee bonuses
Provision for directors’ bonuses
Total current liabilities
Non-current liabilities
Provision for stock compensations
Total non-current liabilities
Total liabilities
Net assets
Shareholders’ equity
Common stock
Capital surplus
Capital reserve
Other capital surplus
Total capital surplus
Retained earnings
Other retained earnings
Retained earnings brought forward
Total retained earnings
Treasury stock
Total shareholders’ equity
Subscription rights to shares
Total net assets
Total liabilities and net assets

22

1,757
16
16
403
0
0
2,194

1,362
10
19
1,005
0
2
2,400

193,74411
193,755
193,755

196,74424
196,769
196,769

7
4
11
195,961－－－
199,169

1
44
17
3
0
24
9
102

31
55
23
6
0
28
14
160

5
5
107

11
11
172

27,50027,50056,219110,264
166,484

56,219110,260
166,480

2,618
2,618
(804)
195,79756
195,854
195,961

5,775
5,775
(814)
198,940
56
198,997
199,169

(2) Non-consolidated Statements of Income(¥ million)
Year ended
March 31, 2020

Year ended
March 31, 2019

Operating income
Dividends from subsidiaries and associates
Commissions from subsidiaries and associates
Other business revenue
Total operating income
Operating expenses
Selling, general and administrative expenses
Total operating expenses
Operating profit
Non-operating income
Interest income
Miscellaneous income
Total non-operating income
Non-operating expenses
Commission fee
Miscellaneous loss
Amortization of deferred organization expenses
Amortization of share issuance cost
Total non-operating expenses
Ordinary profit
Extraordinary losses
Loss on valuation of shares of subsidiaries and associates

Income before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Net income

23

2,118
992
－
3,110

5,121
1,053
15
6,190

798
798
2,311

905
905
5,284

0
0
0

0
1
1

3
0
14
18
36
2,275
74
74
2,201
46
5
51
2,149

－
0
7
4
11
5,274
－
－
5,274
61
(13)
48
5,225

(3) Non-consolidated Statements of Changes in Net Assets
Year ended March 31, 2019 (From April 1, 2018 to March 31, 2019)(¥ million)
Shareholders’ equity
Capital surplus
Commonstock

Balance at beginning of the year

27,500Capitalreserve
56,219Retained earnings
Other retained
earnings

Other
capitalsurplusTotal
capitalsurplus110,272

166,491

Retainedearnings brought
forwardTotal
retainedearnings

Treasury
stock

Total
shareholders’equity(625)

195,900

Subscription
rights toshares101

Total net
assets

2,535

2,535

196,002(2,066)(2,066)(2,066)(2,066)

2,149

2,149

2,149

2,149

(231)

(231)

(231)

52

45

45

Changes of items during thereporting period
Dividends of surplus
Net income
Acquisition of treasury stock(7)

Disposition of treasury stock(7)

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

(45)

(45)

－

－

(7)

(7)

82

82

(178)

(102)

(45)

(148)

27,50056,219110,264

166,484

2,618

2,618

(804)

195,79756

195,854

Year ended March 31, 2020 (From April 1, 2019 to March 31, 2020)(¥ million)
Shareholders’ equity
Capital surplus
Commonstock

Balance at beginning of the year

27,500Capitalreserve
56,219Retained earnings
Other retained
earnings

Other
capitalsurplusTotal
capitalsurplus110,264

166,484

Retainedearnings brought
forwardTotal
retainedearnings

Treasury
stock

Total
shareholders’equity(804)

195,797

Subscription
rights toshares56

Total net
assets

2,618

2,618

195,854(2,068)(2,068)(2,068)(2,068)

5,225

5,225

5,225

5,225

(26)

(26)

(26)

15

11

11

Changes of items during thereporting period
Dividends of surplus
Net income
Acquisition of treasury stock(4)

Disposition of treasury stock(4)

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

－

－

－

－

(4)

(4)

3,157

3,157

(10)

3,142

－

3,142

27,50056,219110,260

166,480

5,775

5,775

(814)

198,940

56

198,997(4) Notes on Premise of Going Concern
Not applicable.

246. (Reference) Non-consolidated Financial Statements of Kiraboshi Bank, Limited(1) Overview of Non-consolidated Financial Statements
May 13, 2020

Company name: Kiraboshi Bank, Limited
Representative: Hisanobu Watanabe, President
Responsible person for inquiries: Nobuyuki Yasuda, Director, Executive Officer and General Manager of Corporate Planning Division

URL: https://www.kiraboshibank.co.jp
Telephone: +81-3-6447-5799
Note: Figures have been rounded down to the nearest million yen.

1. Non-consolidated Operating Performance for the Fiscal Year Ended March 31, 2020
(From April 1, 2019 to March 31, 2020)(1) Results in non-consolidated operations(Percentages represent year-on-year changes.)

Ordinary income
Fiscal Year ended March 31, 2020
Fiscal Year ended March 31, 2019

Ordinary profit

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

83,73775,846

10.4
117.8

4,756
4,467

6.4
36.9

8,672
5,748

50.8
113.3

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

Total net assets(¥ million)

Net assets tototal assets ratio％

As of March 31, 2020
5,491,038
289,398
5.2
As of March 31, 2019
5,376,467
289,418
5.3(Reference) Equity: As of March 31, 2020: ¥289,398 million As of March 31, 2019: ¥289,418 million(Note) “Equity” is the value of total net assets at the end of the fiscal year, and “Net assets to total 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. 19 of 2006).

25

(2) Non-consolidated Balance Sheets
Kiraboshi Bank, Ltd.
As of March 31, 2019
AssetsCash and due from banks
Cash on handDue from banks
Call loans
Monetary claims bought
Trading account securities
Trading account Japanese government bonds
Trading account Municipal government bonds
Money held in trust
Securities
Japanese government bonds
Municipal government bonds
Corporate bonds
Corporate stocks
Other securities
Loans and bills discounted
Bills discounted
Loans on bills
Loans on deeds
Overdrafts
Foreign exchange
Due from foreign banks
Foreign bills of exchange bought
Foreign bills of exchange receivable
Other assets
Prepaid expenses
Accrued income
Initial margins of futures markets
Variation margins of futures markets
Financial derivatives
Cash collateral paid for financial instruments
Other assets
Tangible fixed assets
Buildings
Land
Leased assets
Construction in progress
Other tangible fixed assets
Intangible fixed assets
SoftwareLeased assets
Other intangible fixed assets
Prepaid pension cost
Deferred tax assets
Customers’ liabilities for acceptances and guarantees
Reserve for possible loan losses
Total assets

402,625
39,051
363,573
2,308
59,326
973
168
805
－
1,089,205
322,293
62,702
403,347
31,095
269,766
3,696,166
40,968167,592
3,197,730
289,875
5,984
3,309
172
2,502
43,812
468
4,579
46
307
1,632
8,376
28,402
68,662
19,692
43,985
1,468
226
3,289
3,011
1,995
94
920
15,8757,991
5,596(25,073)
5,376,467

26(¥ million)
As of March 31, 2020
538,775
37,052501,722
2,513
74,170
1,006
162
843
651
949,175
253,787
53,989370,044
27,008244,346
3,769,814
30,831
178,758
3,229,813
330,411
5,593
3,287
242
2,063
81,176
535
3,238
212
425
1,802
1,791
73,16963,776
17,112
40,986
2,164
439
3,073
3,380
1,860
192
1,328
17,10910,212
4,905(31,223)
5,491,038

Kiraboshi Bank, Ltd.
As of March 31, 2019
Liabilities
Deposits
Current deposits
Ordinary deposits
Savings deposits
Deposits at noticeTime deposits
Installment savings
Other deposits
Negotiable certificates of deposit
Call money
Payables under securities lending transactions
Borrowed money
Borrowings from other banks
Foreign exchange
Due to foreign banks
Foreign bills of exchange sold
Foreign bills of exchange payable
Borrowed money from trust account
Other liabilities
Income taxes
Accrued expenses
Unearned income
Deposits received from employees
Reserve for interest on installment savings
Variation margins of futures markets
Financial derivatives
Cash collateral received for financial instruments
Lease obligations
Asset retirement obligations
Other liabilities
Reserve for employee bonuses
Provision for directors’ bonuses
Provision for stock compensations
Reserve for point card certificates
Reserve for loss on dormant deposit repayments
Provision for loss on cancellation of system contracts
Provision for contingent loss
Deferred tax liabilities for land revaluation
Acceptances and guarantees
Total liabilities
Net Assets
Common stock
Capital surplus
Capital reserve
Other capital surplus
Retained earnings
Earned reserve
Other retained earnings
General reserve
Retained earnings brought forward
Total shareholders’ equity
Net unrealized gain on available-for-sale securities
Net deferred hedge gain (loss)
Revaluation reserve for land
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

27(¥ million)
As of March 31, 2020

4,539,073
232,8632,347,191
33,93522,422
1,778,792
64,48559,382
19,510113,329
344,918
43,36643,366
533
1
30
500
245
14,310
928
3,142
1,796
0
22
1
1,484
461
1,631
783
4,059
1,573
148
76
2
1,351
－
656
2,356
5,596
5,087,049

4,649,594
229,938
2,468,971
32,82526,0301,770,147
54,983
66,697
10,710217,692
256,620
28,35928,359
232
1
17
213
－
27,294
3,328
2,575
2,452
－
16
8
2,102
423
2,447
713
13,227
1,480
169
128
2
1,318
935
659
1,535
4,905
5,201,639

43,734
166,173
32,922
133,250
68,053
6,796
61,257
18,10043,157
277,961
11,367－89
11,456
289,418
5,376,467

43,734
166,173
32,922
133,250
71,1458,284
62,86018,10044,760281,053
10,07441(1,770)8,345
289,398
5,491,038

(3) Non-consolidated Statements of Income
Kiraboshi Bank, Ltd.

Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Interest on call loans
Interest on deposits with banks
Other interest income
Trust fees
Fees and commissions

Year ended
March 31, 2019

Fees and commissions on domestic and foreign exchange

Other fees and commissions
Other operating income
Gain on foreign exchange transactions
Gain on trading account securities transactions
Gain on sale of bonds
Gain on redemption of bonds
Other
Other ordinary income
Recoveries of written-off claims
Gain on sale of stocks and other securities
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest on negotiable certificates of deposit
Interest on call money
Interest on payables under securities lending transactions

Interest on borrowed money
Interest expenses on interest rate swaps
Other interest expenses
Fees and commissions
Fees and commissions on domestic and foreign exchange

Other fees and commissions
Other operating expenses
Loss on trading account securities transactions
Loss on sale of bonds
Amortization on bonds
Expenses on financial derivatives transaction
Other
General and administrative expenses
Other ordinary expenses
Provision of allowance for loan losses
Write-off of loans
Loss on sale of stocks and other securities
Losses on devaluation of stocks and other securities

Loss on money held in trust
Other
Ordinary profit
Extraordinary income
Gain on disposal of fixed assets
Extraordinary losses
Loss on deposition of fixed assets
Impairment losses
Provision for loss on cancellation of system contracts
Income before income taxes
Income taxes – current
Income taxes – deferred
Total income taxes
Net income

28

75,84657,971
41,006
15,645
34
278
1,007
104
14,047
3,716
10,331
522
32
4
484
0
0
3,200
79
2,215
906
71,379
3,327
1,128
2
819
1,229
76
－
70
3,837
869
2,967
979
－
743
9
222
4
53,805
9,430
3,831
136
198
163
－
5,099
4,467
0
0
96
96
－
－
4,370
619
(1,997)(1,377)
5,748(¥ million)
Year ended
March 31, 2020
83,73758,864
43,812
13,691
38
298
1,024
156
14,7873,790
10,996
7,694
678
－
7,015
－
－
2,233
83
1,425
724
78,980
2,382
1,096
2
606
584
0
0
92
3,802
901
2,900
1,304
5
720
71
506
－
54,25017,241
10,805
159
1,383
1,062
48
3,782
4,756
5,575
5,575
1,063
57
70
935
9,268
3,110
(2,514)595
8,672