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 13, 2023
Company name: The Nanto Bank, Ltd.
Stock exchange listing: Tokyo
Code number: 8367
URL: https://www.nantobank.co.jp/
Representative: Takashi Hashimoto
President (Representative Director)
Contact: Hisayoshi Tahara
Executive Officer, General Manager Corporate Planning Division
Phone: +81-742-27-1552
Scheduled date of filing quarterly securities report: November 27, 2023
Scheduled date of commencing dividend payments: December 5, 2023
Trading Accounts: No
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(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
parentMillions of yen%
Millions of yen%
Millions of yen%
Six months ended
September 30, 2023
42,260
6.2
8,310
(9.2)
5,952
(8.4)
September 30, 2022
39,768
2.4
9,153
0.8
6,505
8.1
(Note) Comprehensive income:Six months ended September 30, 2023:¥
10,053 million [-%]Six months ended September 30, 2022:¥(24,253) million [-%]Basic earnings
per share
Six months ended
September 30, 2023
September 30, 2022

Diluted earnings per
share
Yen

Yen

187.45201.43-(2) Consolidated Financial Position
Total assets
Millions of yen
As ofSeptember 30, 2023
6,711,773
March 31, 2023
6,542,117(Reference) Equity: As of September 30, 2023:
As of March 31, 2023:

Net assets¥¥

Capital adequacy ratio

Millions of yen%

270,536
262,798
270,536 million
262,798 million

4.0
4.0

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

-

40.00

-

73.00

113.00Fiscal year ending March 31, 2024

-

40.00
-

64.00

104.00Fiscal year ending March 31, 2024
(Forecast)(Note) Revision to the forecast for dividends announced most recently:

Year-end

Total

No

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 of
Ordinary profit
Basic earnings per shareparentMillions of yen%

Full year
16,500160.9(Note) Revision to the financial results forecast announced most recently:

Millions of yen%

Yen

11,000132.4

343.48No* 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):
New(Company name:
Exclusion:(Company name: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:
33,025,656 shares
March 31, 2023:
33,025,656 shares
2) Number of treasury shares at the end of the period:
September 30, 2023:
1,269,576 shares
March 31, 2023:
1,273,761 shares
3) Average number of shares outstanding during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

31,753,831 shares
32,295,250 shares))

(Reference) Summary of Non-consolidated Financial Results
1. 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.)
Ordinary revenues
Six months ended
September 30, 2023
September 30, 2022

Ordinary profit

Net income

Millions of yen%

Millions of yen%

Millions of yen%

36,43334,354

6.0
1.3

8,225
9,125

(9.8)
0.9

6,108
6,787

(10.0)
7.8

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

Yen

192.38210.18(2) Non-consolidated Financial Position
Total assets

Net assets

Millions of yen
As ofSeptember 30, 2023
6,689,093
March 31, 2023
6,521,463(Reference) Equity: As of September 30, 2023:
As of March 31, 2023:¥¥

Capital adequacy ratio

Millions of yen%

259,222
251,439259,222 million
251,439 million

3.8
3.8

2. Non-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.)
Ordinary profit
Full year

Net income

Basic earnings per share

Millions of yen%

Millions of yen%

Yen

16,000177.3

11,000132.0343.48

Interim Consolidated Financial Statements
Interim Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCash and due from banks
Monetary claims bought
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investments in leases
Other assets
Tangible fixed assets
Intangible fixed assets
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money and bills soldCash collateral received for securities lent
Borrowed money
Foreign exchanges
Borrowed money from trust account
Other liabilities
Retirement benefit liability
Provision for reimbursement of deposits
Provision for contingent loss
Provision for share-based compensation
Reserves under special laws
Deferred tax liabilities
Acceptances and guarantees
Total liabilities
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
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Total net assets
Total liabilities and net assets

1

As of September 30, 2023

1,085,005
1,503
43,5791,320,545
3,944,387
1,354
26,221
72,00640,493
4,674
17,046
8,759(23,461)
6,542,117

1,123,688
1,576
43,987
1,362,017
4,021,400
3,041
27,082
81,20940,786
4,631
15,531
6,764(19,946)
6,711,773

5,715,665
8,140
139,161
356,490806
4,659
32,69911,916
76
831
96
3
11
8,759
6,279,318

5,756,417
67,315
1,047
183,839
354,930
675
4,265
53,16011,893
37
768
105
3
11
6,764
6,441,237

37,92434,749200,383(3,418)269,639(6,537)95(398)(6,840)262,798
6,542,117

37,92434,749204,012(3,410)273,276(13,085)
10,675(330)(2,740)270,536
6,711,773

Interim Consolidated Statements of Income and Comprehensive Income
Interim Consolidated Statements of Income (For the six months)(Millions of 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
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
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
ProfitProfit attributable to owners of parent

39,76824,702
16,771
7,109
8
11,672
2,147
1,238
30,614
1,138
146
6,426
2,692
19,815
542
9,153
55
55
8
8
9,200
2,725
(30)
2,695
6,505
6,505

2

For the six months
ended September 30, 2023
42,26024,707
18,2465,020
12
11,986
1,567
3,985
33,949
3,826
137
6,819
1,729
19,860
1,712
8,310
57
57
98
98
8,270
2,492
(174)
2,317
5,952
5,952

Interim Consolidated Statements of Comprehensive Income (For the six months)(Millions of 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
Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners ofparent3

For the six months
ended September 30, 2023

6,505
(30,759)(35,567)4,735
73(24,253)

5,952
4,100
(6,547)
10,58067
10,053(24,253)

10,053

Interim Consolidated Statements of Changes in Equity
For the six months ended September 30, 2022
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesTransfer fromretained earnings tocapital surplus
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodBalance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesTransfer fromretained earnings tocapital surplus
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodCapital surplus

37,924Retained earnings

34,749199,208

Total shareholders'equityTreasury shares(1,799)270,083(2,283)(2,283)

6,505

6,505

(0)

(1,616)(1,616)

0

0

0

(0)

-

-

4,221

(1,616)2,604

37,92434,749203,430(3,416)272,687

Accumulated other comprehensive income
Valuation difference
Total accumulated
Deferred gains or Remeasurements ofon available-for-saleother comprehensive
losses on hedges defined benefit planssecurities
incomeTotal net assets

15,121

1,814

(546)

-

16,390286,473(2,283)
6,505(1,616)
0(35,567)

4,735

73

(30,759)(30,759)(35,567)

4,735

73

(30,759)(28,154)(20,446)

6,550

(472)

(14,368)

258,3194

For the six months ended September 30, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesTransfer fromretained earnings tocapital surplus
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodBalance at beginningof period
Changes during
periodDividends ofsurplusProfit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesTransfer fromretained earnings tocapital surplus
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodCapital surplus

37,924Retained earnings

34,749200,383

Total shareholders'equityTreasury shares(3,418)269,639(2,323)(2,323)

5,952

5,952

(0)

(1)

(1)

9

9

0

(0)

-

-

3,629

7

3,637

37,92434,749204,012(3,410)273,276

Accumulated other comprehensive income
Valuation difference
Total accumulated
Deferred gains or Remeasurements ofon available-for-saleother comprehensive
losses on hedges defined benefit planssecurities
incomeTotal net assets(6,537)

95

(398)

-

(6,840)262,798(2,323)5,952(1)
9(6,547)

10,580

67

4,100

4,100

(6,547)

10,580

67

4,100

7,737

(13,085)

10,675(330)(2,740)270,5365

Interim Non-consolidated Financial Statements
Interim Non-consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCash and due from banks
Monetary claims bought
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Other assets
Other
Tangible fixed assets
Intangible fixed assets
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money
Cash collateral received for securities lent
Borrowed money
Foreign exchanges
Borrowed money from trust account
Other liabilities
Income taxes payable
Lease liabilities
Asset retirement obligations
Other
Provision for retirement benefits
Provision for reimbursement of deposits
Provision for contingent loss
Provision for share-based compensation
Acceptances and guarantees
Total liabilities

6

As of September 30, 2023

1,084,191
1,503
40,9791,325,965
3,966,689
1,354
54,121
54,121
38,9904,391
15,7298,759(21,211)
6,521,463

1,122,805
1,576
40,907
1,367,385
4,043,533
3,041
63,00063,00039,251
4,362
14,231
6,764(17,767)
6,689,093

5,727,686
8,140
139,161
349,204
806
4,659
19,714563
461
18,688
10,886
76
831
96
8,759
6,270,024

5,769,117
67,315
1,047
183,839
346,455
675
4,265
38,525
1,829
425
462
35,808
10,952
37
768
105
6,764
6,429,870

(Millions of yen)
As of March 31, 2023
Net assets
Share capital
Capital surplus
Legal capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
General reserve
Retained earnings brought forward
Treasury shares
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

37,92427,48827,488
195,923
13,257
182,665
176,540
6,125(3,418)257,917(6,573)95(6,478)251,439
6,521,463

7

As of September 30, 2023

37,92427,48827,488
199,708
13,257
186,451
177,740
8,711(3,410)261,711(13,164)
10,675(2,488)259,222
6,689,093

Interim Non-consolidated Statements of Income(Millions of 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
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
Profit before income taxes
Income taxes - current
Income taxes - deferred
Total income taxes
Profit34,35425,422
16,790
7,810
8
5,886
1,880
1,156
25,228
1,138
146
2,406
2,691
18,575
417
9,125
55
55
5
5
9,176
2,490
(101)
2,388
6,787

8

For the six months
ended September 30, 2023
36,43325,19818,270
5,486
12
5,769
1,518
3,935
28,208
3,817
137
2,546
1,729
18,681
1,433
8,225
57
57
97
97
8,185
2,220
(143)
2,076
6,108

Interim Non-consolidated Statements of Changes in Equity
For the six months ended September 30, 2022
(Millions of yen)
Shareholders' equity
Capital surplus

Retained earnings

Share capital Legal capital Other capital Total capitalsurplussurplussurplus
Balance at beginningof period
Changes during
periodDividends ofsurplusProfitProvision of generalreserve
Purchase of treasury
shares
Disposal of treasury
sharesTransfer fromretained earnings tocapital surplus
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period37,92427,488-27,488Other retained earnings
Retained
Generalearnings
reservebrought
forwardLegal
retainedearnings
13,257

168,240

8,300

(0)

(0)

0

0

13,243

194,740(2,283)(2,283)

6,787

6,787

(8,300)

-

(0)

(0)

-

-

-

-

-

8,300

(3,795)

4,504

37,92427,488-27,48813,257

176,540

9,447

199,244

Valuation and translation adjustments
Valuation
Total
DeferredTotal
difference
valuation
Treasurygains orshareholders'onandshareslosses onequityavailable-for-saletranslation
hedgessecurities
adjustments

Total net
assetsShareholders' equity

Balance at beginningof period
Changes during
periodDividends ofsurplusProfitProvision of generalreserve
Purchase of treasury
shares
Disposal of treasury
sharesTransfer fromretained earnings tocapital surplus
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodTotal
retainedearnings(1,799)258,353

15,106

1,814

16,921

275,274(2,283)(2,283)

6,787

6,787

-

-

(1,616)(1,616)(1,616)

0

0

0

-

(35,581)

4,735(30,846)(30,846)(1,616)

2,887(35,581)

4,735(30,846)(27,959)(3,416)261,240(20,475)

6,550(13,925)

247,3159

For the six months ended September 30, 2023
(Millions of yen)
Shareholders' equity
Capital surplus

Retained earnings

Share capital Legal capital Other capital Total capitalsurplussurplussurplus
Balance at beginningof period
Changes during
periodDividends ofsurplusProfitProvision of generalreserve
Purchase of treasury
shares
Disposal of treasury
sharesTransfer fromretained earnings tocapital surplus
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
period37,92427,488-27,488Other retained earnings
Retained
Generalearnings
reservebrought
forwardLegal
retainedearnings
13,257

176,540

1,200

(0)

(0)

0

0

6,125

195,923(2,323)(2,323)

6,108

6,108

(1,200)

(0)

(0)

-

-

-

-

-

1,200

2,585

3,785

37,92427,488-27,48813,257

177,740

8,711

199,708

Valuation and translation adjustments
Valuation
Total
DeferredTotal
difference
valuation
Treasurygains orshareholders'onandshareslosses onequityavailable-for-saletranslation
hedgessecurities
adjustments

Total net
assetsShareholders' equity

Balance at beginningof period
Changes during
periodDividends ofsurplusProfitProvision of generalreserve
Purchase of treasury
shares
Disposal of treasury
sharesTransfer fromretained earnings tocapital surplus
Net changes in
items other thanshareholders' equity
Total changes
during period
Balance at end of
periodTotal
retainedearnings(3,418)257,917(6,573)95(6,478)251,439(2,323)(2,323)

6,108

6,108

-

-

(1)

(1)

(1)

9

9

9

-

(6,591)

10,580

3,989

3,989

7

3,793

(6,591)

10,580

3,989

7,783

(3,410)261,711(13,164)

10,675(2,488)259,22210