Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Six Months Ended September 30, 2023
[Japanese GAAP]
November 7, 2023
Company name: Nishi-Nippon Financial Holdings, Inc.
Stock exchange listing: Tokyo,Fukuoka
Code number: 7189
URL: https://www.nnfh.co.jp
Representative: Hideyuki Murakami
President
Contact: Hiroto Funatsu
General Manager of Corporate Planning DivisionPhone: 092-476-5050
Scheduled date of filing quarterly securities report: November 24, 2023
Scheduled date of commencing dividend payments: December 8, 2023
Trading Accounts: Yes
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(for institutional investors, analysts)(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Profit attributable to owners of
Ordinary revenues
Ordinary profit
parentMillion yen%
Million yen%
Million yen%Six months ended
September 30, 2023
91,261
23.6
22,29317.1
15,40714.1
September 30, 2022
73,8395.4
19,032(17.7)
13,500(13.8)(Note) Comprehensive income:Six months ended September 30, 2023:¥
783 million [-%]
Six months ended September 30, 2022:¥(18,345) million [-%]
Basic earnings
per share
Six months ended
September 30, 2023
September 30, 2022

Diluted earnings pershareYen

Yen

108.8993.56-(2) Consolidated Financial Position
Total assets

Net assets

Million yen
Million yen
As ofSeptember 30, 2023
13,930,497
536,137
March 31, 2023
12,985,181
539,444(Reference) Equity: As of September 30, 2023:¥526,329 million
As of March 31, 2023:¥529,823 million(Note) Capital adequacy ratio = (Total net assets - Non-controlling interests ) / Total assets.
The ratio above is not based on the regulation of Capital Adequacy Ratio.

Capital adequacy ratio%

3.8
4.12. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

17.50

-

27.50

45.00

Fiscal year ending March 31, 2024

-

25.00
-

30.00

55.00

Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

Total

Yes

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Profit attributable to owners ofOrdinary profit
Basic earnings per shareparentMillion yen%

Full year
34,5002.4(Note) Revision to the financial results forecast announced most recently:

Million yen%

Yen

24,000No(7.9)

169.62* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: No
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2023:
148,596,955 shares
March 31, 2023:
148,596,955 shares2) Total number of treasury shares at the end of the period:
September 30, 2023:
7,105,279 shares
March 31, 2023:
7,102,038 shares
3) Average number of shares during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

141,493,824 shares
144,294,683 shares(Note) The total number of treasury shares at the end of the period includes treasury shares held by a trust account for Board
Benefit Trust (BBT) (120,000 shares as of September 30, 2023). In addition, treasury shares held by the trust account(120,000 shares for six months ended September 30, 2023) are included in the number of treasury shares that is deductedin the calculation of the average number of shares during the period.

(Reference) Summary of Non-consolidated Financial Results
Non-consolidated Financial Results for the Six Months Ended September 30, 2023 (April 1, 2023 to September 30, 2023)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Operating revenues
Six months ended
September 30, 2023
September 30, 2022

Operating profit

Ordinary profit

Net income

Million yen%

Million yen%

Million yen%

Million yen

%

6,793
5,607

21.2
25.0

6,201
5,116

21.2
26.5

6,100
5,010

21.8
26.1

6,027
4,997

20.6
26.1Basic earnings
per share
Six months ended
September 30, 2023
September 30, 2022

Yen

42.59
34.63

(2) Non-consolidated Financial Position
Total assets
Million yen
As ofSeptember 30, 2023
428,435
March 31, 2023
426,209(Reference) Equity: As of September 30, 2023:
As of March 31, 2023:

Net assets¥¥

Capital adequacy ratio
Million yen%

373,631371,503
373,631 million
371,503 million

87.2
87.2

(Note)This report is out of the scope of the audit by certified public accountants or independent audit firms.
(Note)Explanation for proper use of forecasts and other notes
The above forecasts are based on the information which is presently available and certain assumptions which areconsidered to be reasonable.
Actual results may differ materially from those forecasts depending on various future factors.

Interim Consolidated Financial Statements
Interim Consolidated Balance Sheets(Million yen)
As of March 31,2023
AssetsCash and due from banks
Call loans and bills bought
Monetary claims bought
Trading account assets
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Other assets
Tangible fixed assets
Intangible fixed assets
Retirement benefit asset
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Allowance for investment loss
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money and bills sold
Securities sold under repurchase agreements
Cash collateral received for securities lent
Borrowed money
Foreign exchanges
Borrowed money from trust account
Other liabilities
Provision for share awards for directors (and otherofficers)
Retirement benefit liability
Provision for retirement benefits for directors (andother officers)
Provision for reimbursement of deposits
Provision for contingent loss
Reserves under special laws
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Acceptances and guarantees
Total liabilities

As of September 30,2023

1,946,575
8,011
42,733
11,6091,792,650
8,955,399
17,311
99,071
116,854
5,204
8,038
6,367
16,372(40,455)(562)
12,985,181

2,563,703
123,000
45,923
3
11,706
1,858,483
9,090,545
11,493103,187
116,760
4,880
8,834
13,585
19,284(40,333)(561)
13,930,497

9,791,772
167,423
512,491
265,881
293,853
1,249,709
504
5,233
120,171

10,224,124
243,629632,296
293,554423,517
1,444,486
385
5,549
85,977

4

7

4,647

3,809

200

209

545
1,194
12
1,070
14,646
16,372
12,445,737

511
1,211
12
1,143
14,646
19,284
13,394,360

(Million yen)
As of March 31,2023
Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for landRemeasurements of defined benefit plans
Total accumulated other comprehensive income
Non-controlling interests
Total net assets
Total liabilities and net assets

50,000118,706
325,460(5,698)488,468
25,757
1,015
29,425(14,843)
41,355
9,620
539,444
12,985,181

As of September 30,2023

50,000118,706
336,892(5,703)499,895
9,631
1,129
29,506(13,833)
26,433
9,808
536,137
13,930,497

Interim Consolidated Statements of Income and Comprehensive Income
Interim Consolidated Statements of Income (For the six months)(Million yen)
For the six months
ended September 30,2022
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Trust fees
Fees and commissions
Gain on trading account transactions
Other ordinary income
Other income
Ordinary expenses
Interest expenses
Interest on deposits
Fees and commissions payments
Other ordinary expenses
General and administrative expenses
Other expenses
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses
Other
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to non-controlling interests
Profit attributable to owners of parent

73,83952,65240,411
10,2040
16,375
823
1,947
2,040
54,807
3,521
201
5,243
3,566
40,271
2,203
19,032
29
29
147
124
23
18,914
5,276
(96)
5,180
13,733233
13,500For the six months
ended September 30,2023
91,261
57,03641,366
13,847
0
19,135
520
6,469
8,098
68,967
12,709
260
6,509
4,971
41,8282,947
22,293
32
32
209
155
52
1
22,116
6,630
(237)
6,392
15,724317
15,407

Interim Consolidated Statements of Comprehensive Income (For the six months)(Million yen)
For the six months
ended September 30,2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax
Share of other comprehensive income of entities
accounted for using equity method
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparentComprehensive income attributable to non-controllinginterests

For the six months
ended September 30,202313,733(32,079)(34,154)
1,148
925

15,724(14,940)(16,076)
113
1,010

-

11(18,345)

783(18,519)

405

173

378

Interim Consolidated Statements of Changes in Net Assets
For the six months ended September 30,2022(Million yen)
Shareholders' equity

Balance at beginning ofperiod

Share capital

Capital surplus

50,000121,123

Retainedearnings

304,236

Treasury shares

Total
shareholders'equity(5,522)469,837

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in ownershipinterest of parent due
to transactions withnon-controllinginterests
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period(2,886)(2,886)

13,50013,500
(92)

(92)

00(0)

-

88-

(0)

10,621(92)

10,52950,000121,123

314,858(5,614)

480,367

Accumulated other comprehensive income
TotalValuation
Remeasurements accumulated Non-controlling Total net assets
difference on Deferred gains or Revaluationinterestsof defined
otheravailable-for-sale losses on hedges reserve for land
benefit plans comprehensive
securities
incomeBalance at beginning of
period38,616(8)

29,438(15,715)

52,332

8,555

530,724

Changes during period(2,886)

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in ownershipinterest of parent due
to transactions withnon-controllinginterests
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

13,500(92)
0-8(34,094)

1,148(8)925(32,028)0(32,027)(34,094)

1,148(8)925(32,028)0(21,497)

4,522

1,140

29,430(14,789)

20,304

8,556

509,227

For the six months ended September 30,2023(Million yen)
Shareholders' equity

Balance at beginning ofperiod

Share capital

Capital surplus

50,000118,706

Retainedearnings

325,460

Treasury shares

Total
shareholders'equity(5,698)488,468

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in ownershipinterest of parent due
to transactions with
non-controllinginterests
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period(3,895)(3,895)

15,407

15,4070(5)(5)

0000(80)(80)-011,432(5)

11,42750,000118,706

336,892(5,703)499,895

Accumulated other comprehensive income
TotalValuation
Remeasurements accumulated Non-controlling Total net assets
difference on Deferred gains or Revaluationinterestsof defined
otheravailable-for-sale losses on hedges reserve for land
benefit plans comprehensive
securities
incomeBalance at beginning of
period25,757

1,015

29,425(14,843)

41,355

9,620

539,444

Changes during period(3,895)

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesChange in ownershipinterest of parent due
to transactions withnon-controllinginterests
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

15,407(5)00(80)(16,126)

113

80

1,010

(14,921)

187(14,733)(16,126)

113

80

1,010

(14,921)

187(3,306)

9,631

1,129

29,506(13,833)

26,433

9,808

536,137