Consolidated Financial Statements
CONSOLIDATED BALANCE SHEETSMarch 31, 2016 and 2015

ASSETS
AssetsMillions of yen
2015

Thousands of
U.S. dollars (Note 1)
2016¥ 1,174,642
356,719
7,909
4,250
47,6552,120,651
6,448,887
14,991
13,785
146,530
88,666
9,173
21,694
2,212
47,719(67,478)¥ 10,438,005¥

965,275
283,251
8,362
6,244
48,0962,323,985
6,228,014
14,281
13,349185,284
87,99916,88633,4762,880
52,293(74,491)¥ 10,195,184$ 10,424,583
3,165,770
70,19037,717422,923
18,820,119
57,231,869
133,040
122,338
1,300,408
786,883
81,408
192,528
19,631
423,491(598,846)$ 92,634,052¥ 9,510,090
73,34332,001
3,525
34,553375—
67,60863,755
3,439
2,057
40
30
1,405
75
18
3,932
10,87247,7199,854,837
50,00060,781
415,101(23,426)
502,456
54,020(307)
24,523(3,289)74,947601
5,164
583,168¥ 10,438,005¥ 9,209,080
75,071
24,0285,424
39,822309
25,00072,102
81,218
3,015
3,467
36
37
1,357
71
12
12,991
11,46352,2939,616,796
50,00059,686386,187(24,320)
471,553
71,146(316)
23,994
5,003
99,827512
6,496
578,388¥ 10,195,184$ 84,399,095
650,896
283,999
31,283306,647
3,328—
600,000
565,806
30,52018,255355
266
12,469666
160
34,89596,486423,491
87,458,617
443,734
539,4123,683,893(207,898)
4,459,141
479,411(2,725)
217,634(29,189)
665,1315,334
45,8295,175,435$ 92,634,052

Millions of yen
2016

Cash and due from banks (Notes 3, 4 and 9)
Call loans and bills purchased (Note 4)
Monetary claims bought
Trading assets (Notes 4 and 6)
Money held in trust (Notes 4 and 6)
Securities (Notes 4, 5, 6 and 9)
Loans and bills discounted (Notes 4 and 7)
Foreign exchanges
Lease receivables and investment assets
Other assets
Tangible fixed assets (Notes 10, 11, 16 and 21)
Intangible fixed assets (Note 21)
Net defined benefit asset
Deferred tax assets (Note 22)
Customers’ liabilities for acceptances and guarantees (Note 17)
Allowance for loan losses
Total assets

LIABILITIES AND NET ASSETS
Liabilities

Net Assets(Notes 21
and 22)

Deposits (Notes 4 and 9)
Call money and bills sold (Note 9)
Payables under securities lending transactions (Note 9)
Trading liabilities (Notes 4 and 6)
Borrowed money (Notes 9 and 13)
Foreign exchanges
Bonds payable (Notes 4 and 14)
Bonds with warrants
Other liabilities
Provision for bonuses
Net defined benefit liability
Provision for directors’ retirement benefits
Provision for loss on interest repayments
Provision for reimbursement of deposits
Provision for customers point services
Reserves under special laws
Deferred tax liabilities (Note 22)
Deferred tax liabilities for land revaluation (Notes 16 and 22)
Acceptances and guarantees (Note 17)
Total liabilities
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Unrealized gains on available-for-sale securities
Deferred losses on hedges
Revaluation reserve for land (Note 16)
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Stock options
Non-controlling interests
Total net assets
Total liabilities and net assets

See accompanying notes.

21

YMFG Annual Report 2016

CONSOLIDATED STATEMENTS OF INCOME
Years ended March 31, 2016 and 2015

Millions of yen
2016

IncomeInterest income:Interest on loans and discounts
Interest and dividends on securities
Other interest income
Trust fees
Fees and commissions
Trading income
Other operating income
Recoveries of written-off claims
Negative goodwill generated
Gain on returns of retirement benefit trust
Other income (Note 18)
Total income
Expenses
Interest expense:
Interest on deposits
Interest on borrowings and rediscounts
Interest on bonds payable
Other interest expense
Fees and commissions payments
Trading expenses
Other operating expenses
General and administrative expenses (Note 19)
Impairment losses (Note 12)
Losses related to staged acquisition
Other expenses (Note 20)
Total expenses
Income before income taxes
Income taxes (Note 22):
Current
Deferred
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of the parent
Amounts per share of common stock:
Net income attributable to owners of the parent (Note 30)¥¥

76,625
20,3772,021
124,304
1,816
22,00915—
1,339
18,351
166,858

Millions of yen
2015

¥

$

680,023
180,840
17,9369215,690
16,116
195,323133—
11,883
162,860
1,480,813

6,574
833
107
378
7,871
25
17,035
79,101
118—
3,957
115,999
50,859

6,859
684
418
283
7,465
—
7,318
85,423
132
200
3,340
112,122
49,31558,342
7,393
950
3,355
69,853
222
151,180
701,997
1,047—
35,116
1,029,455
451,358

13,4504,721
32,688392
32,296

11,244
6,992
31,079556
30,523

119,365
41,897290,096
3,479
286,617

¥

Yen
2016

¥

78,181
25,3261,289
124,3482,574
14,580321
2,391—
12,426
161,437

Thousands of
U.S. dollars (Note 1)
2016

132.43

Yen
2015

¥

120.88$

U.S. dollars (Note 1)
2016

$

1.18

See accompanying notes.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years ended March 31, 2016 and 2015

Millions of yen
2016

Net income
Other comprehensive income (Note 27)
Unrealized gains (losses) on available-for-sale securities
Deferred gains (losses) on hedges
Revaluation reserve for landRemeasurements of defined benefit plans
Share of other comprehensive income in affiliated companies
accounted for using equity method
Comprehensive income (Note 27)
Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests¥

32,688(24,848)(17,136)9571(8,292)
(0)
7,840
7,459
381

Millions of yen
2015¥

31,07944,132
34,454
36
1,187
8,468
(13)
75,211
74,645
566

Thousands of
U.S. dollars (Note 1)
2016$

290,096(220,518)(152,076)
80
5,067(73,589)(0)
69,57866,197
3,381

See accompanying notes.

YMFG Annual Report 201622

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
Years ended March 31, 2016 and 2015

Millions of yen
Shareholders’ Equity

Balance at 31st March 2014
Cumulative effects of changes inaccounting policies
Restated balance
Changes of items during the year
Dividend paid
Net income attributable to ownersof the parent
Purchase of treasury stock
Disposal of treasury stock
Increase in treasury stock associated withan increase in consolidated subsidiaries
Decrease in treasury stock associatedwith a decrease in affiliates accounted
for under the equity method
Reversal of revaluation reserve for land
Net changes of items other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2015
Changes of items during the year
Dividend paid
Net income attributable to ownersof the parent
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for land
Changes of consolidated subsidiaries
Net changes of items other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2016

Retained
Earnings

Accumulated other comprehensive income

Unrealized
Total
gains onTreasury
Shareholders’ availableStock
Equityfor-salesecurities

CapitalStock

CapitalSurplus¥50,000¥59,713 ¥361,184 ¥(10,393) ¥460,504 ¥ 36,706

50,00059,713(1,994)359,190(10,393)(3,564)¥(352)¥22,845¥(3,465) ¥ 55,734¥431¥ 4,801 ¥521,470(352)

22,845(3,465)

431

4,801

55,734(1,994)519,476(14,320)407

30,523(14,320)380

30,523(14,320)
380

(29)

(29)

(29)

15

15
38

15
38

34,440(27) 26,997 (13,927) 13,043
34,440¥59,686 ¥386,187 ¥(24,320) ¥471,553 ¥ 71,146(3,424)32,296
(40)
877

10
42
1,085

—
¥50,000

NonTotal Net
controlling
AssetsInterests(3,564)38—¥50,000

36,706Stock
options(3,564)30,523(27)(1,994)
458,510

Total
Deferred Revaluation Remeasurements accumulated
losses on reserve forof definedotherhedgeslandbenefit plans comprehensive
income573636¥(316)

1,149
1,149¥23,994

8,468
44,093
8,468
44,093¥ 5,003 ¥ 99,827

81
81
¥512

1,695
45,8691,695
58,912¥ 6,496 ¥578,388(3,424)(3,424)32,296
(40)
887
42
1,142

32,296
(40)
887
42
1,142

(17,126)
1,095
28,914894
30,903 (17,126)¥60,781 ¥415,101 ¥(23,426) ¥502,456 ¥ 54,020

99¥(307)

529
529¥24,523(8,292) (24,880)(8,292) (24,880)¥(3,289) ¥ 74,947

89
89
¥601

(1,332) (26,123)(1,332)
4,780¥ 5,164 ¥583,168

Stock
options

NonTotal Net
controlling
AssetsInterests$4,544$ 57,650 $5,133,015

Thousands of U.S. dollars (Note 1)
Shareholders’ Equity

Balance at 31st March 2015
Changes of items during the year
Dividend paid
Net income attributable to ownersof the parent
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for land
Changes of consolidated subsidiaries
Net changes of items other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2016
See accompanying notes.

23

YMFG Annual Report 2016

Retained
Earnings

Accumulated other comprehensive income

Unrealized
Total
gains onTreasury
Shareholders’ availableStock
Equityfor-salesecurities

Total
Deferred Revaluation Remeasurements accumulated
losses on reserve forof definedotherhedgeslandbenefit plans comprehensive
incomeCapitalStock

CapitalSurplus$443,734$529,695 $3,427,290$(215,832) $4,184,887(30,387)(30,387)(30,387)

286,617
(355)
7,872
373
10,134

286,617
(355)
7,872
373
10,134

286,617
(355)
7,783

89
373
9,628

—
$443,734

9,717
256,603$539,412 $3,683,893

506

7,934
274,254$(207,898) $4,459,141$ 631,399(151,988)(151,988)$ 479,411$(2,804)

79
79$(2,725)$212,939

4,695
4,695
$217,634$ 44,400$ 885,934(73,589) (220,803)(73,589) (220,803)$(29,189) $ 665,131

790
790$5,334(11,821) (231,834)(11,821)42,420$ 45,829 $5,175,435

CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended March 31, 2016 and 2015
Millions of yen
2016

Cash flows from operating activities:
Income before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Negative goodwill generated
Losses related to staged acquisition
Equity in earnings of affiliates
Net change in allowance for loan losses
Net change in provision for bonuses
Net change in defined benefit asset
Net change in defined benefit liability
Net change in provision for directors’ retirement benefits
Net change in provision for loss on interest repayments
Net change in provision for reimbursement of deposits
Net change in provision for customers point services
Net change in reserves under special laws
Interest income
Interest expenses
Net gains related to securities transactions
Net losses (gains) from money held in trust
Net exchange gains
Net losses from disposition of fixed assets
Gain on returns of retirement benefit trust
Net change in trading assets
Net change in trading liabilities
Net change in loans and bills discounted
Net change in deposits
Net change in negotiable certificates of deposits
Net change in borrowed money excluding subordinated loans
Net change in deposits with bank
Net change in call loans and bills purchased
Net change in call money and bills soldNet change in payables under securities lending transactions
Net change in foreign exchanges (asset account)
Net change in foreign exchanges (liability account)
Net change in lease receivables and investment assets
Net change in issuance and redemption of unsubordinated bonds payable
Interest received
Interest paid
Other, net
Subtotal
Income taxes paid
Income taxes refunds
Net cash provided by operating activities¥

Cash flows from investing activities:
Purchases of securities
Proceeds from sales of securities
Proceeds from maturity of securities
Purchases of money held in trust
Proceeds from sales of money held in trust
Purchases of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchases of intangible fixed assets
Purchases of shares in subsidiaries associated with changes in the scope of consolidation
Net cash provided by (used in) investing activities
Cash flows from financing activities:
Proceeds from issuance of bonds with warrants
Decrease in subordinated bonds payable
Dividends paid
Dividends paid to non-controlling shareholders
Purchases of treasury stock
Proceeds from disposal of treasury stock
Proceeds from sales of shares in subsidiaries that are not associated with changes
in the scope of consolidation
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 the beginning of fiscal year
Cash and cash equivalents at the end of fiscal year (Note 3)¥

50,859
7,093
118
4,931
—
—
(4)
(7,012)424
11,783(1,411)
3
(7)
47
4
6
(99,022)
7,893(18,751)
(639)
2,329
74
(1,339)1,994(1,899)(220,873)
262,139
38,871(5,269)6,358(73,015)(1,727)
7,973
(710)
66
(436)
—
95,775(7,620)(25,765)
33,241(11,432)2
21,811Thousands of
U.S. dollars (Note 1)
2016

Millions of yen
2015¥

49,315
10,518132
4,935(2,391)200(44)(12,203)(78)(10,594)(1,012)
9
(25)
250
3
5
(104,797)
8,244(12,936)
1,162(13,554)
70
—
(492)
2,236
(263,881)
294,519
149,596
10,053
18,55932,454(3,826)
10,7591,216
22(13,349)(20,000)
97,621(11,091)
15,000236,605(10,385)994
227,214$451,358
62,9481,047
43,761——(35)(62,229)
3,763
104,570(12,522)
27
(62)
417
35
53
(878,789)
70,048(166,409)(5,671)
20,669657(11,883)
17,696(16,853)(1,960,179)
2,326,402
344,968(46,761)
56,425(647,985)(15,327)
70,758(6,301)586(3,869)—849,973(67,625)(228,657)
295,004(101,456)
18
193,566(1,800,773)
1,782,358
243,846(8,499)9,768(2,737)16(2,061)—
221,918(3,063,268)
2,775,634
113,275(11,000)
11,574(1,936)37(1,367)(94)(177,145)(15,981,302)
15,817,874
2,164,058(75,426)
86,688(24,290)142(18,291)—
1,969,453—(25,000)(3,424)
(2)
(40)
462
18

36,051—(3,564)(1)(14,319)508——(221,867)(30,387)
(18)
(355)
4,100
160

(27,986)

18,675(248,367)(18)
215,725
942,982
1,158,707

33
68,777874,205
942,982(159)
1,914,493
8,368,672
10,283,165¥$

See accompanying notes.

YMFG Annual Report 201624