February 20, 2023
Company name: Mebuki Financial Group, Inc.
Representative: Tetsuya Akino, President（Code number：7167 Prime Market,Tokyo Stock Exchange)

Revision of Consolidated Earnings Forecast for FY2022
Mebuki Financial Group Inc. (the "Company") hereby announces that its board of directors resolved at its
meeting held on February 20, 2023 to revise consolidated earnings forecast for the fiscal year ending March 31,
2023, which were announced on May 13, 2022.
The year-end dividend for the fiscal year ending March 31, 2023 is scheduled to be 5.5 yen per share (11yen for the year including the interim dividend), as originally planned.
1．Revision of consolidated earnings forecast for FY2022(From April 1, 2022 to March 31, 2023)(1) Revision
Net income
Ordinary profit

attributable toNet income per shareowners of the parent
Previous forecast（Ａ）
Revised forecast（Ｂ）
Amount of change（Ｂ－Ａ）
Rate of change（％）（Reference）
Results of FY2021¥Billion¥Billion

¥

65.0

45.0

41.82

43.0

30.0

27.88

-22.0

-15.0

-33.8

-33.3

64.9

42.9

38.96

(2) Reason for the revision
We are restructuring our portfolio of foreign and domestic bonds in the second half of the fiscal year
ending March 31, 2023. Although losses on securities were already recognized in the third quarter of thefiscal year, we will continue to restructure them in the fourth quarter. Considering loss estimates at thepresent, we revise the full-year earnings forecast for the fiscal year ending March 31, 2023.
In addition, business performances excluding losses due to portfolio restructuring is generally in line with
forecasts because core business profit increased year-on-year in the third quarter of the fiscal year. .
We will increase loan interests and fees and commissions according to the basic strategies of the Third
Medium-Term Group Business Plan, such as “Innovating traditional banking services” “Deepingcomprehensive financial services,” and “Challenges to expand business areas”. In addition, we willtransform to stable profit structure for improvement of business efficiency through DX. By restructuring
securities portfolio, it will be possible to aim for improvement of periodic profits/losses and steady growthfrom the next fiscal year onwards.

(Note)The forecasts in this document were determined based on available information at present, andtherefore actual results may differ from the forecasts due to various factors in the future.

(Reference)
Earnings forecast of the subsidiary banks for FY2022(¥Billion)

2 banks total (non-consolidated)
Change fromprevious
forecast

The Joyo Bank, Ltd.
Change fromprevious
forecast

The Ashikaga Bank, Ltd.
Change fromprevious
forecast

Ordinary profit

42.9

-19.6

28.5

-10.0

14.4-9.6

Net income

42.0-1.0(Note)32.0+6.0

10.0-7.0(Note) The amount of net income of The Joyo Bank, Ltd. includes dividends receivable of ¥12.0bn from The
Joyo Credit Guarantee Co., Ltd. (recognized on extraordinary income/losses) ,which is resolved at themeeting of the board of directors held on January 30, 2023 to transfer credit guarantee companies
within its group. Since this is removed from consolidated FS, there is no effect on consolidated net
income of the Company.
EndInquiries:
Corporate Planning Department Tel:029-300-2605