Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Nine Months Ended December 31, 2018
(Based on Japanese GAAP)
February 13, 2019
Company name:
The Musashino Bank, Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

8336
President

URL

http://www.musashinobank.co.jp
Kikuo Kato

Inquiries:

Managing Executive Officer and General
Manager ofKen Otomo

TEL

048-641-6111

General Planning and Management Division
Scheduled date to file Quarterly Securities Report:
February 13, 2019
Scheduled date to commence dividend payments:
Trading accounts:–No

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:YesNo(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the nine months ended December 31, 2018 (from April 1, 2018 to December 31, 2018)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2018
54,612(0.0)
2,004 (84.0)(1,285)–
Nine months ended December 31, 2017
54,646
2.1
12,547
23.3
8,886
10.3
Earnings per share

Diluted earnings per shareYen(38.38)265.28Nine months ended December 31, 2018
Nine months ended December 31, 2017

Yen–
265.12(2) Consolidated financial position
Total assets
As of December 31, 2018
As of March 31, 2018

Net assets

Millions of yen
4,497,981
4,560,693

Equity ratio

Millions of yen
235,241
247,043%
5.2
5.4

2. Cash dividends
Annual dividends per share

Year ended March 31, 2018Year ending March 31, 2019

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
40.00
40.00

Yen
––

Yen
40.00

Yen
80.00

40.00

80.00

Year ending March 31, 2019 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)

Full year

Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen%
Yen
76,1005.3
10,400 (33.8)
4,500 (58.7)
134.3514. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2018(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

NoNo

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 201833,805,456 shares As of March 31, 201833,805,456 shares

Number of treasury shares at the end of the period
As of December 31, 2018

310,016 shares As of March 31, 2018308,515 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 201833,496,211 shares Nine months ended December 31, 201733,496,963 shares(5) Revisions to forecast of financial results for the year ending March 31, 2019 (from April 1, 2018 to March 31, 2019)<Revisions to forecast of consolidated financial results>
Ordinary income

Ordinary profit

Profit attributable toEarnings per shareowners of parent
Millions of yen
Yen
11,100331.38Previous projections (A)Millions of yen
70,500Millions of yen
16,200

Revised projections (B)76,10010,4004,500

Change in amount (B-A)

5,600(5,800)(6,600)Change (%)(Reference)
Results for the previous
year ended March 31,
2018

7.9(35.8)(59.4)

72,263

15,732

10,9172

134.35325.91

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2018

As of December 31, 2018

AssetsCash and due from banks

250,530

241,931

Monetary claims bought
Trading account securities

10,558364

13,957
13

Money held in trustSecurities

1,490
740,176

1,491
704,804

3,457,846
4,951

3,445,611
2,070

Lease receivables and investment assets
Other assets

20,98534,455

21,23036,914

Tangible fixed assets
Intangible fixed assets

37,3742,863

36,981
3,648

Net defined benefit asset
Deferred tax assets

6,659
1,010

7,132
981

4,802
(13,377)

4,467(23,255)

4,560,693

4,497,981

Loans and bills discounted
Foreign exchanges

Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits

4,030,917

4,034,805

Negotiable certificates of deposit
Call money and bills sold163,420
22,187

126,240
27,750

Payables under securities lending transactions
Borrowed money

21,62915,71520,901
11,768Foreign exchanges
Bonds payable239
15,000269–

Other liabilities
Provision for bonuses

22,5291,210

23,500290

Provision for directors' bonuses
Net defined benefit liability

11
3,810

7
3,627

Provision for directors' retirement benefits
Provision for loss on interest repayment

2959

2744

Provision for reimbursement of deposits
Provision for point card certificates65178774
85

Provision for contingent loss
Provision for share-based compensation

219
38200
61

Allowance for demolition of non-current assets
Deferred tax liabilities

294
6,578

586
3,103

Deferred tax liabilities for land revaluation
Acceptances and guarantees

4,227
4,802

4,227
4,467

4,313,650

4,262,740

Total liabilities

3

(Millions of yen)
As of March 31, 2018

As of December 31, 2018

Net assets
Capital stock
Capital surplus

45,74338,29145,74338,291Retained earnings
Treasury shares

128,901(900)

124,932(905)

Total shareholders' equity212,036

208,062

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

28,754(1,279)20,700(1,296)

Revaluation reserve for landRemeasurements of defined benefit plans

8,286(1,105)

8,286
(885)

Total accumulated other comprehensive income

34,65526,804

66
285

66
307

247,043

235,241

4,560,693

4,497,981

Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)

Ordinary income
Interest income

Nine months ended

Nine months ended

December 31, 2017

December 31, 2018

54,646
31,91054,612
31,17825,416
6,290

24,993
6,047

10,115
1,105

10,102
1,114

11,51542,09912,21652,608Interest expenses
Interest on deposits

1,413
480

1,901
568

Fees and commissions payments
Other ordinary expenses

2,658
879

2,863
1,624

General and administrative expenses
Other expenses

27,573
9,574

26,38919,82912,5472,004

Extraordinary income
Gain on disposal of non-current assets

0000

Extraordinary losses
Loss on disposal of non-current assets

87430
151––
414

Profit before income taxes

12,538

1,574

Income taxes - current
Income taxes - deferred

3,571
39

3,062
(223)

Total income taxes

3,610

2,838

Profit (loss)

8,928(1,264)

Interest on loans and discounts
Interest and dividends on securities
Fees and commissions
Other ordinary income
Other income
Ordinary expenses

Ordinary profit

Impairment loss
OtherProfit attributable to non-controlling interests

4221

Profit (loss) attributable to owners of parent

8,886(1,285)5

Consolidated statements of comprehensive income (cumulative)(Millions of yen)

Profit (loss)
Other comprehensive income

Nine months ended

Nine months ended

December 31, 2017

December 31, 2018

8,928
8,533

(1,264)(7,850)

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

8,063
120

(8,053)(16)

Remeasurements of defined benefit plans, net of tax

349

220

17,462(9,114)

17,418(9,136)43

22

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests6