Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2023
(Based on Japanese GAAP)
August 2, 2023
Company name:
The Musashino Bank, Ltd.
Stock exchange listing: Tokyo
Stock code:
Representative:

8336
President

URL

https://www.musashinobank.co.jp
Kazumasa Nagahori

Inquiries:

Executive Officer and General Manager ofToshitaka Matsuura
General Planning and Management Division

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

August 4, 2023–

Trading accounts:
Preparation of supplementary material on quarterly financial results:

No
Yes

Holding of quarterly financial results meeting:

No

TEL

048-641-6111(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2023 (from April 1, 2023 to June 30, 2023)(1) Consolidated operating results (cumulative)

Three months ended June 30, 2023Three months ended June 30, 2022

Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen%
20,734
4.7
3,827
14.1
2,820
23.4
19,785
10.7
3,352 (34.8)
2,284 (37.8)
Earnings per share

Diluted earnings per share

Yen
84.48
68.20

Three months ended June 30, 2023
Three months ended June 30, 2022

Yen
84.45
68.18

(2) Consolidated financial position
Total assets
As of June 30, 2023
As of March 31, 2023

Net assets

Millions of yen
5,311,513
5,327,096

Equity ratio

Millions of yen
257,445
252,917%
4.8
4.7

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
45.00

Yen–

Yen
50.00

Yen
95.00

50.00

–

50.00

100.00Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen% Millions of yen%
Yen
Six months ending
36,800
(6.3)
7,700
7.1
5,300
0.5
158.76
September 30, 2023
Full year
74,200(9.4)
15,9001.6
10,9000.3
326.461

4. Notes(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

No(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2023

33,805,456 shares As of March 31, 2023

33,805,456 shares

Number of treasury shares at the end of the period
As of June 30, 2023

572,051 shares As of March 31, 2023

348,853 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2023

33,380,050 shares Three months ended June 30, 2022

233,492,756 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of June 30, 2023

AssetsCash and due from banks

484,394

439,454

Monetary claims bought
Trading securities

839
7853
–

1,489
810,296

1,496
855,256

3,909,853
7,257

3,894,937
5,064

Lease receivables and investments in leases
Other assets

17,46940,077

17,14142,446

Tangible fixed assets
Intangible fixed assets

54,9994,941

54,895
4,791

Retirement benefit asset
Deferred tax assets

7,596
2,798

7,852
1,429

4,834
(19,756)

5,025(19,132)

5,327,096

5,311,513

Money held in trust
Securities
Loans and bills discounted
Foreign exchanges

Customers' liabilities for acceptances and guaranteesAllowance for loan losses
Total assets
Liabilities
Deposits

4,875,224

4,918,606

Negotiable certificates of deposit
Call money and bills sold16,07057,551

16,17045,091

Cash collateral received for securities lent
Borrowed money

10,63868,276

16,96810,357

Foreign exchanges
Borrowed money from trust account

390
7,756

216
7,738

Other liabilities
Provision for bonuses

24,2781,129

25,616
283

Provision for bonuses for directors (and other officers)
Retirement benefit liability

37
2,810

32
2,725

Provision for retirement benefits for directors (and otherofficers)

35

25

Provision for loss on interest repayment
Provision for reimbursement of deposits

29142

33
142

Provision for point card certificates
Provision for contingent loss

110
219

111
215

Provision for share-based compensation
Deferred tax liabilities

83
331

79
401

Deferred tax liabilities for land revaluation
Acceptances and guarantees

4,227
4,834

4,227
5,025

5,074,179

5,054,067

Total liabilities

3

(Millions of yen)
As of March 31, 2023

As of June 30, 2023

Net assets
Share capital
Capital surplus

45,74338,35345,74338,353Retained earningsTreasury shares

156,284(951)

157,427(1,445)

Total shareholders' equity

239,430

240,079

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

6,500
(152)

10,683(508)

Revaluation reserve for landRemeasurements of defined benefit plans

8,286(1,219)8,286(1,168)

Total accumulated other comprehensive income

13,415

17,292

38
33

38
34

252,917

257,445

5,327,096

5,311,513

Share acquisition rights
Non-controlling interests
Total net assets
Total liabilities and net assets

4Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)

Ordinary income
Interest income

Three months ended

Three months ended

June 30, 2022

June 30, 2023
19,785
10,345

20,734
11,900

8,403
1,675

9,132
2,655

Trust fees
Fees and commissions

12
3,326

5
3,548

Other ordinary income
Other income

2,654
3,447

1,321
3,957

16,432347

16,906
1,277

86
742

144
599

Other ordinary expenses
General and administrative expenses

2,508
9,088

1,940
9,143

Other expenses

3,745

3,945

3,352

3,827

19

1

9

3,351

3,817

586

1,211

Interest on loans and discounts
Interest and dividends on securities

Ordinary expenses
Interest expenses
Interest on deposits
Fees and commissions payments

Ordinary profit
Extraordinary losses
Loss on disposal of non-current assets
Profit before income taxes
Income taxes - current
Income taxes - deferred

480(214)

Total income taxes

1,066

996

Profit

2,285

2,821

0

1

2,284

2,820

Profit attributable to non-controlling interests
Profit attributable to owners of parent5Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income

Three months ended

Three months ended

June 30, 2022

June 30, 2023
2,285(3,713)

2,821
3,877

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges(4,877)1,159

4,182(355)

Remeasurements of defined benefit plans, net of tax

450(1,428)

6,698(1,429)6,697

01

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests

6