Annual Report 2022
Year Ended March 31, 2022

Message from the Management
Thank you for your continued support.
In our second medium-term management plan, whichstarted in April 2021, we set a period of three years to
fully integrate our strengths after our merger, achieve
full-scale results, and then strengthen our eﬀorts forfurther growth. Speciﬁcally, the plan establishes threebasic policies: deepen relations and solutions,increasemanagement eﬃciency and optimization, and establish
a solid management base,and we are working tomaximize our merger synergies for each policy.
We aim to realize our vision of becoming the region s
No.1 high-quality ﬁnancial group by demonstrating theGroup s combined abilities to realize a sustainable local
community through the eﬀorts of this medium-term
management plan.
In addition, thanks to your understanding and support,
San ju San Bank celebrated its ﬁrst anniversary since its
founding in May 2021. We will continue to do our best to
meet your expectations.
We look forward to your continued support in the future.
June 2022

Representative Directorand Chairman

Hiroshi IwamaRepresentative Directorand President

Mitsunori Watanabe

Name“Wish”
contained in thecompany name

San ju San means that by adding（＋）the respective
strengths of former Mie Bank and former Daisan Bank,we wish to develop with the region and contribute to
the creation of a vibrant future.

Corporate philosophy

Contributing to creating a vibrant future as a ﬁnancialgroup which is favorable for clients and grows alongwith the region.
Annual Report 20222Logo

Connotations contained within our logo mark
Our logo features two birds based around the motif of the number 33. These two birds signify former Mie
Bank and former Daisan Bank, and are also representative of members of the community and San ju San
Financial Group. This image of two birds taking ﬂight into the heavens together depicts both the growthof local communities and San ju San Financial Group, as well as a dynamic future.

Corporate Data
Address of Head Office

510 Kyomachi, Matsusaka, Mie

Address of Headquarters

7-8 Nishishinchi, Yokkaichi, Mie

Capital

MATSUSAKA（Head Oﬃce）
YOKKAICHI（Headquarters）
Mie Prefecture

NAGOYA
Aichi Prefecture

OSAKATOKYOJPY 10 billion

Listing Stock ExchangeTokyo Stock Exchange,
Nagoya Stock Exchange

Board Members
Representative Director and Chairman

Hiroshi Iwama

Representative Director and President

Mitsunori Watanabe

Director and Executive Oﬃcer

Hiroki Horiuchi

Director and Executive Oﬃcer

Yoshiki Kato

Director and Executive Oﬃcer

Kenichi Yamakawa

Director and Executive Oﬃcer

Kazuya KawaseDirector（Audit Committee Member）

Hiroshi Kyodo

Outside Director（Audit Committee Member）

Tsuneaki Furukawa

Outside Director（Audit Committee Member）

Hitoshi Tanemura

Outside Director（Audit Committee Member）

Sumie Yoshida

Outside Director（Audit Committee Member）

Kenichi MatsuiNote 1： Director（Audit Committee Member）Tsuneaki Furukawa, Hitoshi Tanemura, Sumie Yoshida andKenichi Matsui are outside directors as deﬁned under Article 2（ xv）of the Companies Act.（As of June24, 2022）

Annual Report 20223

Consolidated Balance Sheets
San ju San Financial Group, Inc

March 31, 2022 and 2021
Millions of JP Yen
2022
2021

AssetsCash and Due from Banks
Call Loans and Bills Bought
Monetary Claims Bought
Trading Securities
Securities
Loans and Bills Discounted
Foreign Exchanges
Lease Receivables and Investments in Leases
Other Assets
Tangible Fixed Assets
Buildings, NetLand
Leased Assets, Net
Construction in Progress
Other Tangible Fixed Assets
Intangible Fixed Assets
Software
Software in Progress
Leased Assets
Other Intangible Fixed Assets
Retirement Benefit AssetDeferred Tax Assets
Customers' Liabilities for Acceptances and Guarantees
Allowance for Loan Losses

Total Assets

Liabilities

Deposits
Negotiable Certificates of Deposit
Borrowed Money
Foreign Exchanges
Other Liabilities
Provision for Bonuses
Retirement Benefit Liability
Provision for Retirement Benefits for Directors (and Other Officers)
Provision for Share Awards
Provision for Reimbursement of Deposits
Provision for Contingent Loss
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
Non-Controlling Interests

Total Net Assets
Total Liabilities and Net Assets￥

903,101
981
1,204
656
830,670
2,776,098
8,479
27,80860,42423,961
8,548
10,699
4
278
4,430
9,889
9,559
105
2
221
2,562
2,796
12,147（24,767）
4,636,016￥

3,705,296
73,802
578,134
15
33,847
1,086
129
40
182
241
567
889
12,147
4,406,380￥

10,00079,416
131,865（265）
221,015
9,209
（27）
（896）
8,285
334
229,635
4,636,016

￥

￥

￥

￥

Thousands of
US Dollars
2022

535,489
885
2,301
983
842,4222,801,203
8,332
29,426
65,51525,208
7,929
11,332
6
1,320
4,619
10,488
4,377
5,830
17
263
4,940
593
12,204（27,151）
4,312,845$

3,697,464
80,402
243,48735
31,908
1,237
891
173
179
324
810
5,23212,204
4,074,354$

10,00079,416129,248（321）
218,342
19,611（37）
191
19,765383
238,491
4,312,845$$$

7,377,673
8,019
9,839
5,365
6,785,971
22,678,692
69,269227,172
493,626
195,748
69,83987,40936
2,271
36,19180,791
78,094862
22
1,812
20,934
22,84899,235（202,334）
37,872,854
30,269,558
602,908
4,722,932
129
276,506
8,878
1,055
331
1,492
1,974
4,632
7,265
99,23535,996,902

81,692648,771
1,077,245（2,172）
1,805,537
75,238（224）（7,327）
67,6862,728
1,875,952$ 37,872,854
Exchange Rate
1US$=¥122.41

Annual Report 20224

Consolidated Statements of Incomeand Consolidated Statements of Comprehensive Income
San ju San Financial Group, IncYears ended March 31, 2022 and 2021

Consolidated Statements of Income
Ordinary Income

Interest Income
Interest on Loans and Discounts
Interest and Dividends on Securities
Interest on Call Loans and Bills BoughtInterest on Deposits with Banks
Other Interest Income
Fees and Commissions
Other Ordinary Income
Other Income
Recoveries of Written Off Receivables
Other￥

Ordinary Expenses

Interest Expenses
Interest on Deposits
Interest on Negotiable Certificates of Deposit
Interest on Borrowings and Rediscounts
Other Interest Expenses
Fees and Commissions Payments
Other Ordinary Expenses
General and Administrative Expenses
Other Expenses
Provision of Allowanace for Loan Losses
OtherOrdinary Profit
Extraordinary Income

Gain on Disposal of Non-Current Assets

Extraordinary Losses

Loss on Disposal of Non-Current Assets
Impairment Losses
Loss on Revision of Retirement Benefit Plan

Profit before Income Taxes
Total Income Taxes
Income Taxes-Current
Income Taxes-DeferredProfit

Profit（Loss）Attributable to Non-Controlling Interests

Profit Attributable to Owners of Parent￥Consolidated Statements of Comprehensive Income
ProfitOther Comprehensive Income

Valuation Difference on Available-for-Sale Securities
Deffered Gains or Losses on Hedges
Remeasurements of Defined Benefit Plans, Net of Tax

Comprehensive Income

Comprehensive Income Attributable to Owners of Parent
Comprehensive Income Attributable to Non-Controlling Interests￥

Millions of JP Yen
2022
2021
70,47976,245￥34,30534,901
27,96328,566
5,385
6,084
1
3
888
197
66
49
14,055
14,427
2,123
2,582
19,99524,3341
2
19,99424,331
65,594
72,831
544
815
391
62645114
127
33
55
3,461
3,925
57
1,255
42,512
39,94419,01926,8892,723
10,70916,296
16,180
4,884
3,413
94
3,358
94
3,358
1,232
1,340
158
284
1,017
1,056
56
−
3,746
5,430
1,232
（1,114）553
5,252（1,668）（4,020）4,861
4,197
18（44）
4,905
4,179
￥

Millions of JP Yen
2022
2021
4,861
4,197
￥
9,049
（11,479）
8,261（10,400）
9
21
765（1,088）13,246（6,617）
13,218（6,574）28（43）

Thousands ofUS Dollars
2022
575,761$
280,249
228,440
43,997
117,260
539
114,819
17,345
163,3478
163,339535,860
4,444
3,198
39
931
275
28,274
470
347,296
155,375
22,249133,126
39,900771
771
10,067
1,296
8,310
460
30,605（9,106）
4,520（13,627）
39,712（360）
40,073$
Exchange Rate
1US$=¥122.41
Thousands of
US Dollars
2022
39,712$（93,775）（84,965）78（8,889）（54,063）（53,711）（352）
Exchange Rate
1US$=¥122.41

Annual Report 20225

Consolidated Balance Sheets
San ju San BANK, LTD. and Consolidated Subsidiaries

March 31, 2022
Millions ofJP Yen
2022

AssetsCash and Due from Banks
Call Loans and Bills Bought
Monetary Claims Bought
Trading Securities
Securities
Loans and Bills Discounted
Foreign Exchanges
Lease Receivables and Investments in Leases
Other Assets
Tangible Fixed Assets
Buildings, NetLand
Leased Assets, Net
Construction in Progress
Other Tangible Fixed Assets
Intangible Fixed Assets
Software
Software in Progress
Leased Assets
Other Intangible Fixed Assets
Retirement Benefit AssetDeferred Tax Assets
Customers' Liabilities for Acceptances and Guarantees
Allowance for Loan Losses

Total Assets

Liabilities

Deposits
Negotiable Certificates of Deposit
Borrowed Money
Foreign ExchangesOther Liabilities
Provision for Bonuses
Retirement Benefit Liability
Provision for Retirement Benefits for Directors (and Other Officers)
Provision for Share Awards
Provision for Reimbursement of Deposits
Provision for Contingent Loss
Deferred Tax Liabilities
Deferred Tax Liabilities for Land Revaluation
Acceptances and Guarantees

Total Liabilities

Net Assets

Share Capital
Capital Surplus
Retained Earnings

￥

￥￥

￥￥

Total Shareholders' Equity

Valuation Difference on Available-for-Sale Securities
Deferred Gains or Losses on Hedges
Revaluation Reserve for Land
Remeasurements of Defined Benefit Plans
Total Accumulated Other Comprehensive Income
Non-Controlling Interests

Total Net Assets
Total Liabilities and Net Assets￥903,045
981
1,204
656
830,670
2,776,098
8,479
27,80860,22631,141
9,481
16,947
4
278
4,430
9,886
9,559
105
2
219
2,562
2,788
12,147（24,767）
4,642,931

3,706,009
73,802
578,134
15
33,785
1,079
129
40
182
241
567
304
2,135
12,147
4,408,575

37,46160,820116,772
215,053
17,817（27）
2,489（1,311）
18,967334
234,355
4,642,931

Thousands ofUS Dollars
2022
$

$
$$7,377,219
8,019
9,839
5,365
6,785,971
22,678,692
69,269227,172
492,007
254,404
77,457
138,447
36
2,271
36,19180,76978,094862
22
1,790
20,934
22,77699,235（202,334）
37,929,344

30,275,379
602,908
4,722,932
129
276,002
8,818
1,055
331
1,492
1,974
4,632
2,489
17,44699,23536,014,829$

306,030
496,858
953,942
1,756,831
145,554（224）
20,337（10,712）
154,954
2,728
1,914,514$ 37,929,344
Exchange Rate
1US$=¥122.41

Annual Report 2022

6Consolidated Statements of Incomeand Consolidated Statements of Comprehensive Income
San ju San BANK, LTD. and Consolidated Subsidiaries

Years ended March 31, 2022
Millions ofJP Yen
2022

Consolidated Statements of Income
Ordinary Income

Interest Income
Interest on Loans and Discounts
Interest and Dividends on Securities
Interest on Call Loans and Bills BoughtInterest on Deposits with Banks
Other Interest Income
Fees and Commissions
Other Ordinary Income
Other Income
Recoveries of Written Off Receivables
Other￥Ordinary Expenses

Interest Expenses
Interest on Deposits
Interest on Negotiable Certificates of Deposit
Interest on Borrowings and Rediscounts
Other Interest Expenses
Fees and Commissions Payments
Other Ordinary Expenses
General and Administrative Expenses
Other Expenses
Provision of Allowance for Loan Losses
OtherOrdinary Profit
Extraordinary Income

Gain on Disposal of Non-Current Assets

Extraordinary Losses

Loss on Disposal of Non-Current Assets
Impairment Losses
Loss on Revision of Retirement Benefit Plan

Profit before Income Taxes
Total Income Taxes
Income Taxes-Current
Income Taxes-DeferredProfit

Loss Attributable to Non-Controlling Interests

Profit Attributable to Owners of Parent￥

Millions ofJP Yen
2022

Consolidated Statements of Comprehensive IncomeProfit
Other Comprehensive IncomeValuation Difference on Available-for-Sale Securities
Deffered Gains or Losses on Hedges
Revaluation Reserve for Land
Remeasurements of Defined Benefit Plans, Net of Tax

Comprehensive Income

Comprehensive Income Attributable to Owners of Parent
Comprehensive Income Attributable to Non-Controlling Interests

68,83433,37926,812
5,620
1879
65
13,584
1,968
19,901
1
19,90063,799
524
374
4
114
32
3,314
57
40,97418,9282,676
16,252
5,034
97
97
1,402
157
1,188
56
3,729
（1,218）327（1,546）
4,948
（44）
4,992

￥

4,948
4,340
4,451
（27）
（21）
（62）
9,288
9,331
（43）

Thousands of
US Dollars
2022$

562,328
272,683
219,034
45,912
10
7,188
536
110,976
16,084
162,5848
162,576
521,196
4,287
3,056
36
931
263
27,075
468
334,729
154,635
21,866
132,769
41,132793
793
11,456
1,285
9,710
460
30,469（9,957）
2,676（12,634）
40,426（360）
40,787$
Exchange Rate
1US$=¥122.41
Thousands of
US Dollars
2022$

40,42635,45436,369
（224）
（175）
（513）
75,881
76,233（352）
Exchange Rate
1US$=¥122.41

Annual Report 2022

7San ju San Financial Group, Inc.
Head Office : 510 Kyomachi, Matsusaka, Mie,515-8530,Japan
TEL : +81-598-21-3303
Headquarters : 7-8 Nishishinchi, Yokkaichi, Mie,510-0087,Japan
TEL : +81-59-357-3355
URL : https://www.33fg.co.jp/

San ju San Bank,Ltd.

7-8 Nishishinchi, Yokkaichi, Mie,510-0087,Japan
TEL : +81-59-353-3111
URL : https://www.33bank.co.jp/
E-mail : koho@33bank.co.jp