YMFG Consolidated Financial Statements
CONSOLIDATED BALANCE SHEETSMarch 31, 2015 and 2014

Millions of yen
2014

Thousands of
U.S. dollars (Note 1)
2015¥

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¥

915,056
315,198
8,869
5,753
49,996
2,071,990
5,964,133
15,497—
171,199
89,34828,09822,882
15,63948,079(86,693)¥ 9,635,044$ 8,032,579
2,357,086
69,58551,960400,233
19,339,145
51,826,696
118,840
111,084
1,541,846
732,288
140,518
278,572
23,966435,159(619,880)$ 84,839,677¥ 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¥ 8,764,966
78,897
13,2693,188
29,769287
45,00030,87675,812
3,093
4,479
28
62
1,108
67
7
1,917
12,67048,079
9,113,574
50,00059,713361,184(10,393)
460,504
36,706(352)
22,845(3,465)55,734431
4,801
521,470¥ 9,635,044$ 76,633,769
624,707
199,950
45,136331,381
2,571
208,039
600,000
675,858
25,08928,851300
308
11,292591
100
108,105
95,390435,159
80,026,596
416,077
496,680
3,213,672(202,380)
3,924,049
592,045(2,630)199,667
41,633
830,715
4,261
54,056
4,813,081$ 84,839,677

Millions of yen
2015

ASSETS
AssetsCash 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, 15 and 20)
Intangible fixed assets (Note 20)
Net defined benefit asset
Deferred tax assets (Note 21)
Customers’ liabilities for acceptances and guarantees (Note 16)
Allowance for loan losses
Total assets

LIABILITIES AND NET ASSETS
Liabilities

Net Assets(Notes 20
and 21)

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 12)
Foreign exchanges
Bonds payable (Notes 4 and 13)
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 21)
Deferred tax liabilities for land revaluation (Notes 15 and 21)
Acceptances and guarantees (Note 16)
Total liabilities
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Unrealized gains (losses) on available-for-sale securities
Deferred gains (losses) on hedges
Revaluation reserve for land (Note 15)
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Stock options
Minority interests
Total net assets
Total liabilities and net assets

See accompanying notes.

21

YMFG Annual Report 2015

CONSOLIDATED STATEMENTS OF INCOME
Years ended March 31, 2015 and 2014

Millions of yen
2015

IncomeInterest income:Interest on loans and discounts
Interest and dividends on securities
Other interest income
Trust fees
Fees and commissions
Trading income
Other ordinary income
Recoveries of written-off claims
Negative goodwill generated
Other income (Note 17)
Total income
Expenses
Interest expense:
Interest on deposits
Interest on borrowings and rediscounts
Interest on bonds payable
Other interest expense
Fees and commissions payments
Other operating expenses
General and administrative expenses (Note 18)
Impairment losses (Note 11)
Losses related to staged acquisition
Other expenses (Note 19)
Total expenses
Income before income taxes
Income taxes (Note 21):
Current
DeferredIncome before minority interests
Minority interests in income
Net income
Amounts per share of common stock:
Net income (Note 29)¥¥

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

Millions of yen
2014

¥

$

650,587
210,751
10,7268
202,613
21,420121,328
2,671
19,897
103,404
1,343,405

6,859
684
418
283
7,465
7,318
85,423
132
200
3,340
112,122
49,315

7,606
519
581
287
7,331
5,321
87,387
46—
2,511
111,589
49,591

57,077
5,692
3,478
2,355
62,12060,897710,851
1,098
1,664
27,796
933,028
410,377

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

9,908
7,663
32,020778
31,242

93,56758,184
258,626
4,627
253,999

¥

Yen
2015

¥

80,457
21,3241,191
124,782
2,330
11,461
21—
19,613
161,180

Thousands of
U.S. dollars (Note 1)
2015

120.88

Yen
2014

¥

120.68$

U.S. dollars (Note 1)
2015

$

1.01

See accompanying notes.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME
Years ended March 31, 2015 and 2014

Millions of yen
2015

Income before minority interests
Other comprehensive income (Note 26)
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 26)
Total comprehensive income attributable to owners of the parent
Total comprehensive income attributable to minority interests¥

31,07944,132
34,454
36
1,187
8,468
(13)
75,211
74,645566

Millions of yen
2014¥

32,020
2,302
2,204
94
—
—
4
34,32233,544
778

Thousands of
U.S. dollars (Note 1)
2015$

258,626
367,246
286,709300
9,878
70,467(108)625,872
621,162
4,710

See accompanying notes.

YMFG Annual Report 201522

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
Years ended March 31, 2015 and 2014

Millions of yen
Shareholders’ Equity
CapitalStock

Balance at 31st March 2013
Cumulative effects of changes inaccounting policies
Restated balance
Changes of items during the year
Dividend paid
Net income
Purchase of treasury stock
Disposal of treasury stock
Retirement of treasury stockReversal of revaluation reserve for land
Net changes in terms other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2014
Cumulative effects of changes inaccounting policies
Restated balance
Changes of items during the year
Dividend paid
Net income
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 in terms other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2015

CapitalSurplusRetained
Earnings

Accumulated other comprehensive income

Unrealized
Total
gains onTreasury
Shareholders’ availableStock
Equityfor-salesecurities¥50,000 ¥ 79,628 ¥332,868 ¥ (2,731) ¥459,765
50,000(367)
79,261(27)
332,841398(2,333)(3,387)
31,242(27,972)377
19,535(13)(19,535)488

4459,769

Total
Deferred Revaluation Remeasurements accumulated
losses on reserve forof definedotherhedgeslandbenefit plans comprehensive
income¥34,498¥(446)¥23,333

34,498(446)

23,333¥Stock
options

Minority
Interests

Total Net
Assets—¥57,385¥249¥4,024 ¥521,423—

57,385249

4,024(3,387)
31,242(27,972)
364
—
488

4
521,427(3,387)
31,242(27,972)364—
488— (19,548) 28,343(8,060)735¥50,000 ¥ 59,713 ¥361,184 ¥(10,393) ¥460,504

2,208
2,208
¥36,70694
94¥(352)(488)(488)¥22,845(3,465)(3,465)¥(3,465)(1,651)(1,651)¥55,734

182
182
¥431

777
(692)
777
43
¥4,801 ¥521,470(1,994)359,190

36,706(352)

22,845(3,465)55,734431

4,801

50,00059,713(10,393)(1,994)
458,510(14,320)407(3,564)30,523(14,320)380(3,564)30,523(14,320)
380

(29)

(29)

(29)

15

15
38

15
38

(3,564)30,523(27)38—(27) 26,997 (13,927) 13,043¥50,000 ¥ 59,686 ¥386,187 ¥(24,320) ¥471,553

34,44034,440¥71,14636
36¥(316)

1,149
1,149¥23,994

8,468
8,468
¥ 5,003

44,09344,093¥99,827

81
81
¥512

(1,994)519,476

1,695
45,8691,695
58,912¥6,496 ¥578,388

Thousands of U.S. dollars (Note 1)
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
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 in terms other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2015
See accompanying notes.

23

YMFG Annual Report 2015

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
incomeStockoptions

Minority
Interests

Total Net
AssetsCapitalStock

CapitalSurplus$416,077$496,904 $3,005,609$ (86,486) $3,832,104$305,451$(2,930)$190,106$(28,834)$463,793$3,587$39,960 $4,339,444

416,077

496,904(16,594)
2,989,015(16,594)(86,486) 3,815,510

305,451(2,930)190,106(28,834)

463,793

3,587

39,960(29,658)
253,999(119,165)
3,387(29,658)
253,999(119,165)
3,163(29,658)
253,999(119,165)
3,163

(241)

(241)

(241)

125
316

125
316

125
316

(224) 224,657$496,680 $3,213,672(115,894) 108,539$(202,380) $3,924,049

(224)

—
$416,077

286,594
286,594$592,045

300
300$(2,630)

9,561
9,561
$199,667

70,46770,467$ 41,633

366,922366,922$830,715

674
674$4,261(16,594)
4,322,850

14,096381,692
14,096490,231$54,056 $4,813,081

CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended March 31, 2015 and 2014
Millions of yen
2015

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
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

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

Thousands of
U.S. dollars (Note 1)
2015

Millions of yen
2014¥

49,591
10,786
46
4,950
—
—
(31)
(11,459)
181(11,476)
1,899
6
(24)
22
(8)
3
(102,971)
8,993(13,646)(677)(8,479)
203
3,479
227
(152,167)
278,468
33,440532(7,002)
333,440
35,906
8,939(2,758)(182)—(30,000)
101,712(8,118)13,390537,215(11,028)18
526,205$

410,377
87,526
1,098
41,067(19,897)
1,664
(366)
(101,548)(649)(88,158)(8,421)
75
(208)
2,080
25
42
(872,073)
68,603(107,647)
9,670(112,790)
583(4,094)18,607(2,195,897)
2,450,853
1,244,870
83,656
154,440
270,067(31,838)
89,531
10,119183(111,084)(166,431)
812,357(92,294)
124,820
1,968,918(86,419)
8,272
1,890,771(3,063,268)
2,775,634
113,275(11,000)
11,574(1,936)37(1,367)(94)(177,145)(2,758,575)
2,723,138
88,616(9,480)15,638(2,897)141(1,716)—54,865(25,491,121)
23,097,562
942,623(91,537)
96,314(16,111)308(11,376)(782)(1,474,120)

Cash flows from financing activities:
Proceeds from issuance of bonds with warrants
Decrease in subordinated bonds payable
Dividends paid
Dividends paid to minority shareholders
Purchases of treasury stock
Proceeds from disposal of treasury stock
Net cash provided by (used in) financing activities

36,051—(3,564)(1)(14,319)508
18,67530,876(20,000)(3,386)(1)(27,972)364(20,119)300,000—(29,658)(8)(119,156)
4,227
155,405

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)

33
68,777874,205
942,98228
560,979
313,226874,205275
572,3317,274,736
7,847,067¥¥$

See accompanying notes.

YMFG Annual Report 201524