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 Year Ended March 31, 2022
[Japanese GAAP]May 12, 2022
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 Division
Phone: 092-476-5050
Scheduled date of Annual General Meeting of Shareholders: June 29, 2022
Scheduled date of commencing dividend payments: June 30, 2022
Scheduled date of filing annual securities report: June 30, 2022
Trading Accounts: Yes
Availability of supplementary briefing material on annual financial results: Yes
Schedule of annual 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 Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(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%
Fiscal year ended
March 31, 2022
138,484
2.6
37,86841.5
24,236
34.0
March 31, 2021
134,949(4.8)
26,763(6.8)
18,088(10.6)(Note) Comprehensive income:Fiscal year ended March 31, 2022:¥(12,293) million [-%]
Fiscal year ended March 31, 2021:¥48,104 million [745.7%]
Basic earnings per Diluted earnings per Rate of return on
shareshareequity
Yen
Fiscal year ended
March 31, 2022
164.31March 31, 2021
121.03(Reference) Equity in earnings (losses) of affiliated companies:

Yen

Ordinary profit tototal assets ratio%

4.6
3.5
Fiscal year ended March 31, 2022:
Fiscal year ended March 31, 2021:

Ordinary profit toordinary revenues
ratio

%%0.3
0.2
¥
¥

27.3
19.8
56 million
86 million(2) Consolidated Financial Position
Total assets
As ofMarch 31, 2022
March 31, 2021
(Reference) Equity:

Million yen

Net assets

Capital adequacy ratio

Million yen

13,127,906
530,724
12,075,567
550,906
As of March 31, 2022:¥522,169 million
As of March 31, 2021:¥542,792 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.

Net assets per share%

Yen

4.0
4.5

3,618.44
3,663.71(3) Consolidated Cash Flows
Cash flows fromoperating activities
Fiscal year ended
March 31, 2022
March 31, 2021

Cash flows frominvesting activities

Cash flows fromfinancing activities

Cash and cash
equivalents at the endof period

Million yen

Million yen

Million yen

Million yen

1,151,099
243,056(268,495)(204,381)(7,610)(15,955)

2,608,074
1,733,067

2. Dividends
Annual dividends
1st
2nd
3rd
quarter-end quarter-end quarter-end

Year-end

Total

Total
dividends

Payoutratio(consolidated)

Dividends
to netassets(consolidated)

Fiscal year ended

Yen

Yen

Yen

Yen

Yen

Million yen%%March 31, 2021-

15.00

-

15.00

30.00

4,466

24.8

0.9

March 31, 2022-15.00

-

20.00

35.00

5,109

21.3

1.0-

17.50

-

17.50

35.00

Fiscal year ending
March 31, 2023-

(Forecast)
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2023 (April 01, 2022 to March 31, 2023)(% indicates changes from the previous corresponding period.)
Profit attributable to owners ofOrdinary profit
Basic earnings per shareparentMillion yen%

Million yen%

Yen

Six months ended
17,500(24.4)
11,500(26.5)
79.69
September 30, 2022
Full year
38,0000.3
25,0003.2
173.24(Note)The Company plans to make City Ascom Co., Ltd. a consolidated subsidiary and Kyushu Leasing Service Co., Ltd. an
equity-method affiliate by the end of October 2022, under the presumption of receiving permission from the authorities andothers concerned.
The impact of the reorganization described above is closely examining, and the earnings forecast does not include this impact.
* Notes:(1) Changes in significant subsidiaries during the period under review (changes in specified subsidiaries resulting in changes inscope 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: Yes
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):
March 31, 2022:
151,596,955 shares
March 31, 2021:
159,596,955 shares2) Total number of treasury shares at the end of the period:
March 31, 2022:
7,288,911 shares
March 31, 2021:
11,443,334 shares
3) Average number of shares during the period:
Fiscal Year ended March 31, 2022:
Fiscal Year ended March 31, 2021:

147,500,789 shares
149,450,687 shares

(Reference) Summary of Non-consolidated Financial Results
1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2022 (April 01, 2021 to March 31, 2022)(1) Non-consolidated Operating Results(% indicates changes from the previous corresponding period.)
Operating revenues
Fiscal year ended
March 31, 2022
March 31, 2021

Operating profit

Ordinary profit

Net incomeMillion yen%

Million yen%

Million yen%

Million yen%

8,249
6,281

31.3
(14.8)

7,390
5,547

33.2
(15.7)

7,199
5,416

32.9
(15.3)

7,182
5,393

33.2
(15.5)

Basic earnings per share
Fiscal year ended
March 31, 2022
March 31, 2021

Yen

48.69
36.08

(2) Non-consolidated Financial Position
Total assets
As ofMarch 31, 2022
March 31, 2021
(Reference) Equity:

Net assets

Million yen

421,938
414,794
As of March 31, 2022:
As of March 31, 2021:

Capital adequacy ratio

Million yen¥¥

370,610
370,961
370,610 million370,961 million

Net assets per share%

Yen

87.8
89.4

2,567.82
2,503.54(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.

Consolidated Financial Statements
Consolidated Balance Sheets(Million yen)
As of March 31,2021
AssetsCash and due from banks
Monetary claims bought
Trading account assets
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Other assets
Tangible fixed assets
Buildings, netLand
Leased assets, net
Construction in progress
Other tangible fixed assets
Intangible fixed assets
Software
Other 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 soldSecurities sold under repurchase agreements
Cash collateral received for securities lent
Borrowed money
Foreign exchanges
Borrowed money from trust account
Other liabilities
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 March 31,2022

1,738,761
36,722
131
11,273
1,506,834
8,543,946
11,074
115,565
117,551
32,491
74,282391354
10,031
3,542
3,123
419
17,770473
16,565(44,068)(577)
12,075,567

2,614,747
39,621
11,682
1,773,344
8,470,861
22,75790,311
116,172
32,542
74,273
324
55
8,977
4,160
3,748
411
7,548
2,109
17,639(42,473)(577)
13,127,906

9,295,489
188,520
208,128
194,294
41,135
1,437,688
210
3,205
107,648477

9,570,343
264,293510,000
251,120
87,1881,755,240
201
4,794
113,952
4,773

256

201

1,185
1,254
12
13,841
14,746
16,565
11,524,660

825
1,096
12
844
14,652
17,63912,597,181

(Million yen)
As of March 31,2021
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

50,000127,202284,535(8,597)453,140
65,238(1,428)29,592(3,751)89,651
8,114
550,906
12,075,567

As of March 31,2022

50,000121,123
304,236(5,522)469,837
38,616(8)
29,438(15,715)
52,332
8,555
530,724
13,127,906

Consolidated Statements of Income and Comprehensive Income
Consolidated Statements of Income(Million yen)
For the fiscal year
ended March 31,2021
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
Trust fees
Fees and commissions
Gain on trading account transactions
Other ordinary income
Other income
Recoveries of written off receivables
Other
Ordinary expensesInterest expenses
Interest on deposits
Interest on negotiable certificates of deposit
Interest on call money and bills soldInterest expenses on securities sold under
repurchase agreements
Interest expenses on cash collateral received for
securities lentInterest on borrowings and rediscounts
Interest on bonds
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
OtherExtraordinary 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

For the fiscal year
ended March 31,2022

134,949
94,09082,193
9,985
2
546
1,362
0
30,879
1,842
4,972
3,164
239
2,925
108,186
2,064
659
39(39)

138,484
98,228
81,10912,893
0
2,852
1,372
0
32,468
1,919
3,069
2,799
378
2,421
100,616855
416
26(113)

911

383

44

13253
61
133
11,832
1,855
81,272
11,161
6,218
4,942
26,763
421
401
20
1,285
436
818
30
25,898
6,719
552
7,272
18,626537
18,08852
75
11,536
1,654
79,173
7,397
1,939
5,457
37,868
142
142
856
390
465
37,154
10,824
1,518
12,342
24,811
575
24,236

Consolidated Statements of Comprehensive Income(Million yen)
For the fiscal year
ended March 31,2021
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 incomeComprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

For the fiscal year
ended March 31,2022

18,62629,47818,329413
10,735
48,104

24,811(37,104)(26,560)
1,419(11,963)(12,293)47,443(12,928)661

635

Consolidated Statements of Changes in Net Assets
For the fiscal year ended March 31,2021(Million yen)
Shareholders' equity

Balance at beginning ofperiod

Share capital

Capital surplus

50,000129,477

Retainedearnings

270,954

Treasury shares

Total
shareholders'equity(9,868)440,563

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesCancellation oftreasury shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period(4,861)(4,861)

18,08818,088(1,004)(1,004)(0)00(2,274)

2,274

-

353

353

-

(2,274)

13,5801,270

12,57750,000127,202284,535(8,597)453,140

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 ofperiod

47,032(1,841)

29,946(14,486)

60,6507,544

508,758

Changes during period(4,861)Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesCancellation oftreasury shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

18,088(1,004)0353
18,205413(353)

10,73529,000570

29,571

18,205413(353)

10,73529,000570

42,14865,238(1,428)29,592(3,751)89,651

8,114

550,906

For the fiscal year ended March 31,2022(Million yen)
Shareholders' equity

Balance at beginning ofperiod
Cumulative effects ofchanges in accounting
policies
Restated balance

Share capital

Capital surplus

50,000127,202

Retainedearnings

284,535

Treasury shares

Totalshareholders'equity(8,597)453,140(244)
50,000127,202284,290(244)(8,597)452,895

Changes during period
Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesCancellation oftreasury shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period(4,445)(4,445)24,23624,236(3,004)(3,004)(0)00(6,078)

6,078

-

153

153-

(6,078)19,945

3,07416,941

50,000121,123

304,236(5,522)469,837

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
periodCumulative effects ofchanges in accounting
policies
Restated balance

65,23865,238(1,428)(1,428)29,592

29,592(3,751)(3,751)89,65189,651

8,114

550,906

(32)

(277)

8,081

550,629

Changes during period(4,445)

Dividends of surplus
Profit attributable toowners of parent
Purchase of treasury
shares
Disposal of treasury
sharesCancellation oftreasury shares
Reversal ofrevaluation reserve forland
Net changes in items
other thanshareholders' equity
Total changes during
periodBalance at end of period

24,236(3,004)0
153(26,621)

1,419

(153)

(11,963)(37,319)473(36,845)(26,621)

1,419

(153)

(11,963)(37,319)473(19,904)

38,616(8)

29,438(15,715)

52,332

8,555

530,724

Consolidated Statements of Cash Flows(Million yen)
For the fiscal year
ended March 31,2021
Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Share of loss (profit) of entities accounted for using
equity method
Increase (decrease) in allowance for loan losses
Increase (decrease) in allowance for investment loss
Decrease (increase) on net defined benefit assets
Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for retirement benefits
for directors (and other officers)
Increase (decrease) in provision for reimbursement ofdeposits
Increase (decrease) in provision for contingent loss
Interest income
Interest expenses
Loss (gain) related to securities
Loss (gain) on money held in trust
Foreign exchange losses (gains)
Loss (gain) on disposal of non-current assets
Net decrease (increase) in trading account assets
Net decrease (increase) in loans and bills discounted
Net increase (decrease) in deposits
Net increase (decrease) in negotiable certificates ofdeposit
Net increase (decrease) in borrowed money (excludingsubordinated borrowings)
Net decrease (increase) in due from banks (excluding
due from Bank of Japan)
Net decrease (increase) in call loans
Net increase (decrease) in call money
Net increase (decrease) in cash collateral received forsecurities lent
Net decrease (increase) in foreign exchanges - assets
Net increase (decrease) in foreign exchanges liabilities
Net increase (decrease) in borrowed money from trust
account
Interest received
Interest paid
Other, net
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities

For the fiscal year
ended March 31,2022

25,898
5,729
818

37,154
5,674465(86)

(56)

2,933
5(12,490)(3,230)(1,595)0
10,222
4,295

9(55)

(444)

(360)

(175)
(94,090)
2,064(4,698)11(589)34
1,254(989,802)
813,917(158)(98,228)855(45)5(674)
248
131
73,084
274,854(160,955)

75,772443,513317,552(1,368)

(979)

1,423
156,403(2,898)358,698(47,973)

46,053

3,332(11,682)

92

(9)

2,369

1,589

96,159(3,318)16,025
252,774(9,717)243,056

99,359(1,080)(32,145)
1,156,049(4,950)1,151,099

(Million yen)
For the fiscal year
ended March 31,2021
Cash flows from investing activities
Purchase of securities
Proceeds from sale of securities
Proceeds from redemption of securities
Increase in money held in trust
Purchase of tangible fixed assets
Proceeds from sale of tangible fixed assets
Purchase of intangible fixed assets
Net cash provided by (used in) investing activities
Cash flows from financing activities
Redemption of subordinated bonds
Dividends paid
Dividends paid to non-controlling interests
Purchase of treasury shares
Proceeds from sale of treasury shares
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
equivalents
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period

For the fiscal year
ended March 31,2022(551,762)
116,648
240,120(5,930)(3,701)
1,376(1,132)(204,381)(500,365)
126,185
111,026(426)(3,339)419(1,995)(268,495)(10,000)(4,860)(91)(1,004)0(15,955)(4,444)(162)(3,004)0(7,610)81322,7281,710,338
1,733,067

875,006
1,733,067
2,608,074