The Shimizu Bank,Ltd.
Annual Report 2012

ProfileThe Shimizu Bank, Ltd. was establishedin 1928 with the merger of six banks
and has always been a valuable
partner of the local community.
The Bank has its headquarters in
Shizuoka City, which has the Shimizu
Port, the largest in the prefecture.
Shimizu Port, located halfway between
Tokyo and Osaka, plays a significant
role in international trade andeconomic development.
We will provide customers with a wide
range of financial services, seek
further business expansion as acustomer-friendly bank and contributeto the development of the local
community.

Bank Data
Head Office

As of March 31, 2012
2-1 Fujimicho, Shimizu-ku, Shizuoka-shi,
Shizuoka 424-0941 Japan

Date of Incorporation:
July 1, 1928
Paid-up Capital:¥8,670,500,000
Number of Branches:78
Number of Sub-branches:2
Number of Employees:
997
Consolidated Capital Adequancy Ratio(based on domestic standards): 11.07%
Non-Consolidated Capital Adequancy Ratio(based on domestic standards): 10.66%

Consolidated Subsidiaries

As of March 31, 2012

CapitalName of Company(Millions of Yen)

Ratio of Voting
Right

Ratio of Voting Right

EstablishedLine of Business

Other Group
Companies

The Shimizu Business Service Co., Ltd.

10100.00%−December 10,1981

Calculating cash

The Shimizugin Career Up Co., Ltd.

30

100.00%−

October 22,1990

Delegation of personnel

The Shimizu General Maintenance Co., Ltd.

30

100.00%−December 24,1991

Management of real estate

The Shimizu General Lease Co., Ltd.

30

5.26%

45.61%

December 1,1975

Leasing, Factoring

The Shimizu Credit Guarantee Co., Ltd.

50

5.00%

90.00%

November 1,1978

Credit guaranteeing

The Shimizu General Computer Service Co., Ltd.

30

5.45%

45.45%

July 1,1989

Calculation operations

The Shimizu Card Service Co., Ltd.

30

28.00%

72.00%

April 14,1999

Credit card

The Shimizu Regional Economy Research Center, INC

12

9.95%

64.15%

October 28,1965

Financial and economic
research services, Training

The Shimizu Bank ,Ltd.
1

The 24th Medium-term Management Plan

From April 1, 2012 toMarch 31, 2014 (Two years)

Bold Advancement《 Demonstrate the significance of our existence 》

In the 24th medium-term management plan, while further promoting the expansion of sound relationships withcustomers and keeping its 90th anniversary of foundation in mind, we shall build a trusting relationship with clients byproposing their best solutions and establishing community-based finance, in order to “demonstrate the significanceof our existence” for individual customers in Shizuoka prefecture.
We named its 24th medium-term management plan “Bold Advancement” because each one of all directors andemployees shall take a bold approach toward realization of “demonstrating the significance of our existence.”
We set a management goal to “exercise strong on-site capability further by superb human resources and a robust
organization so as to establish community-based finance,” and achieve “demonstrating the significance of ourexistence” by steadily carrying out the “basic policy in management” and “key measures.”Management
philosophy

Value social and public interests and pursue sound management of the company.
Make the Shimizu Bank which is familiar to, appreciated by,
and useful for customers.
Create a workplace where workers respect personal relationships andare satisfied with their job requirements.

Ideal goals“Demonstrate the significance of our existence”

Management
goals“Exercise strong on-site capability further by superb human resources anda robust organization so as to establish community-based finance.”

Basic policy inmanagement

1) Reinforcing marketing, 2) Strengthening human resource development,
3) Reforming business operations, 4) Enhancing organizational strength2) Strengthening humanresource development

1) Reinforcing marketing[ Revision of the personnel system ][ Promotion in the corporate
sector business ][ Strengthening OJT ][ Promotion in the retail sectorbusiness ][ Reviewing the block
system and measures atbranch offices ]Key measures[ Reinforcing the training
system ]Demonstrate
the significanceof our existence“Exercise strong on-site

3) Reforming business
operations

capability further by superb
human resources and a robust
organization so as to establish4) Enhancing
organizational strengthcommunity-based[ Creation of sales staff bystreamlining business
operations ][ Creation of business hours bystreamlining business
operations ]finance.”[ Enhancing functions ofaffiliated companies][ Advancing the business
management attitude ][ Cost reduction ]The Shimizu Bank ,Ltd.
2

Management Environment and Financial Results
Environment of Financial Economy
In the Japanese economy in the period, the real GDP growthrate posted negative growth for the first time in two years,
due to damage in production facilities, divisions in the supply
chain, a downturn in consumer confidence, and otherreasons associated with the Great East Japan Earthquake.
The trade balance recorded a deficit due to an increase inimports to supplement lowered domestic production levels in
addition to a sharp downturn in exports in the aftermath of
the Great East Japan Earthquake. Then the trade deficit
became larger, since total imports demonstrated an upward
trend because of increases in amounts and prices ofimporting energy for thermal power plants, including LPG,
due to shifting electricity production stemming from theaccident at the Fukushima nuclear power plant, while
exports decreased due to the high yen and the flood
damage in Thailand.
Capital investments showed signs of postponement in the firsthalf of the period after the Great East Japan Earthquake, but
indications of recovery were observed in the latter half due
to the capital investment in reconstruction.
However, there is a growing concern over the reduction indomestic production, because it is anticipated that the trendof transferring production bases overseas will continue due tothe high value of the yen and a concern about the stablesupply of electricity in Japan, as well as possible overseas
demand expansion, especially in Asia.
The economy in Shizuoka prefecture, which is the primarybase of the Shimizu Bank, showed an unclear outlook lastyear due to the huge impact of the Great East Japan
Earthquake. Nevertheless, there have been visible signs of an
economic recovery since this January, although a portion ofprivate consumption remains weak. The situation of capital
investment improved because of construction of new plants
and expansion of production facilities, in addition to maintenance and renewal of existing facilities. Since Shizuoka
prefecture is an export-dependent economy and has a lot ofmanufacturing, there is a rising concern over the hollowing
out of industry, because many businesses promote shifting

production to overseas as a countermeasure to theirshrinking profits caused by the appreciation of the yen.
Regarding the financial environment, the unsecured
overnight call rate remained unchanged at 0.1% or lessthroughout the period. The newly-issued 10-year Japanese
Government Bond rate, which is a benchmark of thelong-term interest rate, gradually declined and has beenaround the 1% level since last September, after being above
the 1.2% level in the beginning of the period. The Nikkei Stock
Average started at the JPY 9,500 -10,000 level in the beginning of the term, but fell to the JPY 8-9,000 level in August. It
had been at the same level for a while, but gradually
improved since February, partially because the Bank ofJapan laid out its policy that “BOJ targets achieving the goalof 1% in terms of the year-on-year rate of increase in theConsumer Price Index and promotes the powerful monetaryeasing by primarily pursuing a virtually zero interest rate policy
and purchasing financial assets”, reaching the JPY 10,000
level in the end of March. With regard to the exchange rate,
a concern over the rapid rise of the yen in the short-term waseased due to the BOJ’s foreign exchange intervention, andthe upward momentum of the US economy. However, there
is a persistent sense of caution toward a strong yen, since theeconomic structure which causes the yen’s appreciation,such as having deflation, remains unchanged.

Consolidated Results
Operating income was JPY 29.304 billion, a decrease of JPY
1.483 billion from the previous term, due to a decrease ininterest income from fund management. Operating
expenses decreased by JPY 2.391 billion from the prior period
to JPY 24.85 billion due to a decrease in interest expenses.
Consequently, operating profit was JPY 4.453 billion, a JPY
908 million increase from the previous term.
Deposits increased to JPY 1,305.1 billion, an increase of JPY
16.9 billion from the end of the preceding term primarily due
to an increase of personal deposits, as a result of our efforts
to expand the business base in the local community. The
total of personal assets under management reached JPY
1,004.8 billion, an increase of JPY 17.4 billion from the end of
the last fiscal year, on account of an increase in personal

Consolidated Five-year Summary

deposits and the favorable sales of personal pension
insurance and other products, in order to accommodate thediversifying needs of customers.
In view of positively meeting capital demands from local
customers as a regional banking institution, loans for businesspurposes, largely for SMEs, increased, so that outstandingloans and discounts became JPY 974.8 billion, an increase of
JPY 10.6 billion from the end of the prior period.
Outstanding securities were JPY 338.7 billion as a result of
increasing outstanding debt while watching market trends
and giving attention to liquidity, an increase of JPY 43.3 billion
from the previous year-end.

Millions of Yen
2010

2008

2009

2011

2012

Operating Income¥36,978¥32,320¥29,863¥30,788¥29,304

Operating Profit(Loss)

2,862(6,246)

3,631

3,545

4,453

Net Income (Loss)

1,696(6,285)

3,449

3,037

1,636

-

-

-

843

3,755

Net Assets

66,632

61,461

66,43966,702

69,879Total Assets

1,303,711

1,334,308

1,353,833

1,416,408

1,408,745

Net Assets per Share in Yen

6,700.61

6,173.01

6,691.82

6,703.33

7,026.55

177.68(658.35)

361.42318.34171.53Comprehensive Income

Net Income (Loss) per Share in Yen

The Shimizu Bank ,Ltd.
3

Non-consolidated Results
Operating income was JPY 24.506 billion, a decrease of JPY 826 million from the previous term, due to adecrease in interest income from fund management. Operating expenses decreased by JPY 1.751 billion
from the prior period to JPY 20.315 billion due to a decrease in interest expenses.
As a result, operating profit remained JPY 4.191 billion, an increase of JPY 925 million compared with theprevious year.
Non-Consolidated Five-year Summary

Millions of Yen
2010

2008

2009

2011

2012

Operating Income¥30,854¥26,541¥24,423¥25,333¥24,506

Operating Profit(Loss)

2,524(6,383)

3,423

3,265

4,191

Net Income (Loss)

1,657(6,276)

3,438

3,078

1,644

Common Stock

8,670

8,670

8,670

8,670

8,670

Net Assets

63,36358,326

63,25063,394

66,478

Total Assets

1,293,815

1,324,850

1,345,707

1,409,868

1,402,363

Deposits

1,212,438

1,222,050

1,255,582

1,292,464

1,309,404

Loans and Bills Discounted

929,043955,885

966,350

969,457

979,731

Securities

238,341

240,132

253,928

295,382338,770

Net Assets per Share in Yen

6,636.06

6,110.52

6,627.46

6,643.52

6,967.52

Cash Dividends per Share in Yen

70

60

60

60

60

Net Income(Loss) per Share in Yen

173.59(657.42)360.30322.61

172.37( Millions of Yen )( Millions of Yen )Deposits( Millions of Yen )Loans and Bills Discounted

Net Income(Loss)

1,000,000

1,350,000

6,000

1,309,404

4,000

979,731

1,292,464

1,300,000

966,350

969,457

2,000

3,078

1,657

1,644

955,885

1,255,582
950,000

1,250,000
1,212,438

3,438

0
2008

1,222,050

2009

2010

2011

2012

(2,000)929,043

1,200,000(6,000)(6,276)900,000

1,150,000
2008

2009

2010

2011

2012

(8,000)
2008

2009

2010

2011

2012

Credit Rating
Credit rating is assigned to debts as follows:
Concerning the relevant debt, a credit rating agency,
which is a fair and disinterested third party, rates thecertainty of payment of its principals and interest on acontractual basis, and such rating is represented using asimple code.
To ensure that customers and investors objectively
evaluate and understand our bank’s management
content, our bank has obtained a credit rating of “A”
from the Japan Credit Rating Agency, Ltd. (JCR).

AAA
AA
A
BBB

A

BB
B

Credit Rating : A
Relevant Debt : Long-term
Preferred Debt
Credit Rating Agency : Japan Credit Rating
Agency, Ltd.
(As of March 31, 2012)

CCC
CC
C
D

Issues We Need to Address
We understand that our mission as a regional
financial institution is to significantly contribute to thedevelopment of the regional economy throughsmooth funding and fulfilling our consultation
functions, as well as establishing trust with clients
through strengthening the relationship with ourclients further by proposing their optimal solutions,and establishing community-based finance.

by enhancing customer reliance and satisfaction
through corporate compliance based on fullawareness of our social responsibilities as a regional
financial institution.
All directors and employees shall continue ourconcerted efforts to deserve the trust and expectations of our shareholders and clients in the local
community.

With this recognition, we shall further devote
ourselves to establishing a robust business base bysoundly carrying out individual measures to achievegoals in our medium-term management plan, andThe Shimizu Bank ,Ltd.
4

Corporate Data
Consolidated Balance Sheets(Millions of Yen)

(Millions of Yen)

(Thousands of U.S.Dollars)

March 31, 2011

March 31, 2012

March 31, 2012

AssetsCash and Due from Banks
Call Loans
Trading Account Securities
Money Held in Trust
Securities
Loans and Bills Discounted
Foreign Exchanges
Lease Receivables and Investment Assets
Other Assets
Tangible Fixed Assets
Buildings
Land
Lease Assets
Construction in Progress
Other Tangible Fixed Assets
Intangible Fixed Assets
SoftwareLease Assets
Others Intangible Fixed Assets
Deferred Tax Assets
Customers' Liabilities for Acceptances andGuarantees
Allowance for Possible Loan Losses
Total Assets¥107,251
10,000114
1,501
295,365
964,182
390
8,525
7,626
21,92910,925
9,220
598
1,185
1,117
609
90
416
7,448

¥59,457
155
1,800
338,755
974,814
761
8,585
6,291
20,93010,356
9,033
483
8
1,048
1,063
673
67
321
4,144

US$723,413
1,895
21,901
4,121,614
11,860,499
9,268
104,459
76,551
254,657
126,003109,905
5,881
104
12,762
12,936
8,197
826
3,912
50,4203,802(12,848)
1,416,408

3,194(11,208)
1,408,745

38,863(136,378)
17,140,104(Millions of Yen)

(Millions of Yen)

(Thousands of U.S.Dollars)

March 31, 2011

March 31, 2012

March 31, 2012

Liabilities
Deposits
Negotiable Certificates of Deposit
Call Money
Borrowed Money
Foreign Exchanges
Bonds with Notes
Bonds with Warrants
Other Liabilities
Reserve for Employees' Bonus
Reserve for Employees' Retirement Benefits
Reserve for Directors' Retirement Benefits
Reserve for Reimbursement of Deposits
Acceptances and Guarantees
Total Liabilities¥1,288,299
16,25011,274
5,012
8
8,000
5,999
7,118
565
3,260
86
28
3,802
1,349,706¥1,305,199
821
4,830
32
8,000
5,999
6,858
566
3,235
100
27
3,194
1,338,865

US$15,880,269
10,00058,772398
97,33572,98983,447
6,889
39,363
1,225
329
38,863
16,289,882

8,670
5,272
50,702(282)
64,3638,670
5,272
51,766(285)
65,423

105,493
64,153629,836(3,476)
796,006

(396)

1,617

19,682

(1)
(398)
2,737
66,702
1,416,408

(0)
1,617
2,838
69,8791,408,745(2)
19,67934,534850,221
17,140,104

Net Assets
Common Stock
Capital Surplus
Retained Earnings
Treasury Stock
Total Shareholders' Equity
Net Unrealized Gain (Loss) on Securities
Available for Sale,Net of Taxes
Net Deferred Gain (Loss) on Hedging
Instruments,Net of Taxes
Total Accumulated Other Comprehensive Income
Minority Interests
Total Net Assets
Total Liabilities and Net Assets

Notes
1. The Japanese yen figures are rounded down to the nearest one million yen in this financial report.
2. Figures stated in U.S.dollars are translated solely for convenience at the rate of 㩯82.19 per U.S.$1, the approximate rate of exchange prevailing on March 31,2012.

The Shimizu Bank ,Ltd.
5

Consolidated Statements of Income

Operating Income
Interest Income
Interest on Loans and Discounts
Interest and Dividends on Securities
Interest on Call Loans
Interest on Deposits with Banks
Other Interest Income
Fees and Commissions
Other Operating Income
Other Income
Recovery of Written-off Claims
OthersOperating Expenses
Interest Expenses
Interest on Deposits
Interest on Negotiable Certificates of
DepositInterest on Call Money
Interest on Borrowings and Rediscounts
Interest on Bonds and Notes
Interest on Bonds with Warrants
Other Interest Expenses
Fees and Commissions
Other Operating Expenses
General and Administrative Expenses
Other Expenses
Provision for Possible Loan Losses
OthersOperating Profit
Extraordinary Profit
Gain on Disposal of Fixed Assets
Recovery of Written-off Claims

Extraordinary Loss
Loss on Disposal of Fixed Assets
Impairment Loss
Loss on Adjustment for Changes of AccountingStandard for Asset Retirement Obligations
Income Before Income Taxes and Minority Interests
Income Taxes - Current
Income Taxes - Deferred
Total Income Taxes
Income Before Minority Interests
Minority Interests in Income
Net Income(Millions of Yen)

(Millions of Yen)

(Thousands of U.S.Dollars)

Years ended
March 31, 2011

Years ended
March 31, 2012

Years ended
March 31, 2012

¥30,788
19,83817,302
2,462
52
2
18
8,537
2,135
276
㧙
276
27,242
1,800
1,461¥29,304
19,022
16,395
2,558
55
5
7
7,933
2,095
252
1
250
24,8501,397
1,096

US$356,550
231,451
199,485
31,130677
64
92
96,531
25,499
3,067
13
3,053
302,358
17,00813,342

8
46
81
169
5
26
5,431
76
17,635
2,300
1,513
787
3,545
2
2
27
9
13

0
48
63
169
5
13
4,691
36
17,569
1,156
416
739
4,453
197
197
159
53
105

1
592
768
2,067
72
162
57,078441
213,760
14,0695,068
9,001
54,191
2,403
2,403
1,942
652
1,289

4
3,520
60
241
302
3,217
179
3,037

4,491
324
2,430
2,754
1,737
100
1,636

54,652
3,945
29,56633,511
21,1401,227
19,913

Consolidated Statements of Comprehensive Income(Millions of Yen)

(Millions of Yen)

(Thousands of U.S.Dollars)

Years ended
March 31, 2011

Years ended
March 31, 2012

Years ended
March 31, 2012

Income Before Minority Interests

3,217¥1,737

US$21,140

Other Comprehensive Income(2,373)

2,018

24,556(2,388)2,017

24,543

Net Unrealized Gain (Loss) on Securities
Available for Sale, Net of Taxes
Net Deferred Gain (Loss) on Hedging
Instruments, Net of Taxes
Comprehensive Income

14

1

13

843

3,755

45,697678

3,652

44,437

165

103

1,260

Comprehensive Income Attributable to
Owners of the Parent
Comprehensive Income Attributable to
Minority Interests

Notes
1. The Japanese yen figures are rounded down to the nearest one million yen in this financial report.
2. Figures stated in U.S.dollars are translated solely for convenience at the rate of 㩯82.19 per U.S.$1, the approximate rate of007
exchange prevailing on March 31,2012.

The Shimizu Bank ,Ltd.
6

Consolidated Statements of Changes in Net Assets(Millions of Yen)

(Millions of Yen)

(Thousands of U.S.Dollars)

Years ended
March 31, 2011

Years ended
March 31, 2012

Years ended
March 31, 2012

Shareholders' Equity
Common Stock
Balance at the Beginning of Current Period¥8,670¥8,670

US$105,493

Changes of Items During the Period
-

-

-

8,670

8,670

105,493

5,272

5,272

64,153

Disposal of Treasury Stock

(0)

-

-

Total Changes of Items During the Period

(0)

-

-

5,272

5,272

64,153

48,23650,702616,889

Total Changes of Items During the Period
Balance at the End of Current Period
Capital Surplus
Balance at the Beginning of Current Period
Changes of Items During the Period

Balance at the End of Current Period
Retained Earnings
Balance at the Beginning of Current Period
Changes of Items During the Period
Dividends from Surplus

(572)

(572)

(6,965)Net Income

3,037

1,636

19,913

Total Changes of Items During the Period

2,465

1,064

12,94750,702

51,766

629,836

(277)

(282)

(3,433)Purchase of Treasury Stock

(5)

(3)

(43)

Disposal of Treasury Stock

0

-

-

(5)

(3)

(43)

(282)

(285)

(3,476)

61,90364,363

783,102

Balance at the End of Current Period
Treasury Stock
Balance at the Beginning of Current Period
Changes of Items During the Period

Total Changes of Items During the Period
Balance at the End of Current Period
Total Shareholders' Equity
Balance at the Beginning of Current Period
Changes of Items During the Period
Dividends from Surplus

(572)

(572)

(6,965)Net Income

3,037

1,636

19,913Purchase of Treasury Stock

(5)

(3)

(43)

Disposal of Treasury Stock

0

-

-

2,460

1,060

12,90464,36365,423

796,006

1,977

(396)

(4,828)Net Changes of Items Other Than Shareholders' Equity(2,374)2,014

24,510Total Changes of Items During the Period(2,374)2,014

24,510

(396)

1,617

19,682

(15)

(1)

(16)

Net Changes of Items Other Than Shareholders' Equity

14

1

13

Total Changes of Items During the Period

14

1

13

(1)

(0)

(2)

1,961

(398)

(4,844)

Net Changes of Items Other Than Shareholders' Equity(2,359)2,015

24,524

Total Changes of Items During the Period(2,359)2,015

24,524

(398)

1,617

19,679

2,574

2,737

33,302Net Changes of Items Other Than Shareholders' Equity

162

101

1,231

Total Changes of Items During the Period

162

101

1,231

2,737

2,838

34,53466,43966,702

811,561

Total Changes of Items During the Period
Balance at the End of Current Period

Accumulated Other Comprehensive Income
Net Unrealized Gain (Loss) on Securities Available for Sale, Net of Taxes
Balance at the Beginning of Current Period
Changes of Items During the Period

Balance at the End of Current Period
Net Deferred Gain (Loss) on Hedging Instruments, Net of Taxes
Balance at the Beginning of Current Period
Changes of Items During the Period

Balance at the End of Current Period
Total Accumulated Other Comprehensive Income
Balance at the Beginning of Current Period
Changes of Items During the Period

Balance at the End of Current Period

Minority Interests
Balance at the Beginning of Current Period
Changes of Items During the Period

Balance at the End of Current Period

Total Net Assets
Balance at the Beginning of Current Period
Changes of Items During the Period
Dividends from Surplus

(572)

(572)

(6,965)Net Income

3,037

1,636

19,913Purchase of Treasury Stock

(5)

(3)

(43)

Disposal of Treasury Stock

0

-

-

(2,197)2,116

25,755Net Changes of Items Other Than Shareholders' Equity
Total Changes of Items During the Period
Balance at the End of Current Period

262

3,177

38,65966,702

69,879850,221Notes
1. The Japanese yen figures are rounded down to the nearest one million yen in this financial report.
2. Figures stated in U.S.dollars are translated solely for convenience at the rate of 㩯82.19 per U.S.$1, the approximate rate of exchange prevailing on March 31,2012.

The Shimizu Bank ,Ltd.
7

Consolidated Statements of Cash Flows(Millions of Yen)

(Millions of Yen)

(Thousands of U.S.Dollars)

Years ended
March.31, 2011

Years ended
March.31, 2012

Years ended
March.31, 2012

¥3,520¥4,491

US$54,652

1,436

1,454

17,699

13

105

1,289

(1,832)(1,639)(19,947)

Cash Flows from Operating Activities
Income Before Income Taxes and Minority Interests
Depreciation and Amortization
Impairment Loss
Increase (Decrease) in Allowance for Possible Loan Losses

5

0

11

Increase (Decrease) in Reserve for Employees' Retirement Benefits

171

(24)

(303)

Increase (Decrease) in Reserve for Directors' Retirement Benefits

(13)

13

168

Increase(Decrease) in Reserve for Reimbursement of Deposits

(2)

(1)

(21)

Interest Income(19,838)(19,022)(231,451)

Interest Expenses

1,800

1,397

17,008(1,469)(1,689)(20,554)

Increase (Decrease) in Reserve for Employees' Bonuses

Loss (Gain) on Securities
Loss (Gain) on Money Held in Trust
Loss (Gain) on Disposal of Fixed Assets

(12)

(13)

(161)

9

(143)

(1,750)Net Decrease (Increase) in Trading Account Securities

(14)

(40)

(496)

Net Decrease (Increase) in Loans and Bills Discounted(3,725)(10,631)(129,356)

Net Increase (Decrease) in Deposits

36,694

16,900205,624Net Increase (Decrease) in Negotiable Certificates of Deposit

16,250(16,250)(197,712)

Net Increase (Decrease) in Borrowed Money Excluding Subordinated Borrowings(1,067)(182)(2,216)

377

813

9,895

Net Decrease (Increase) in Call Loans

70,00010,000121,669

Net Increase (Decrease) in Call Money

Net Decrease (Increase) in Due from Banks Other than The Bank of Japan

11,274(10,452)(127,176)

Net Decrease (Increase) in Foreign Exchange Assets

123

(371)

(4,520)Net Increase (Decrease) in Foreign Exchange Liabilities

1

24

293

268

(313)

(3,812)

Net Decrease (Increase) in Lease Receivables and Investment Assets
Interest Received

19,812

18,683

227,324

Interest Paid

(2,165)(1,696)(20,641)

Other, net
Subtotal

381

1,076

13,094

131,999(7,511)(91,391)

(37)

(84)

(1,024)

131,961(7,595)(92,416)(243,337)(249,204)(3,032,056)

190,786

150,619

1,832,576

8,219

60,459735,606

Increase in Money Held in Trust

-

(300)

(3,650)Decrease in Money Held in Trust

811

14

174

Purchases of Tangible Fixed Assets

(854)

(345)

(4,207)Purchases of Intangible Fixed Assets

Income Taxes Paid
Net Cash Provided by (Used in) Operating Activities

Cash Flows from Investing Activities
Purchases of Securities
Proceeds from Sales of Securities
Proceeds from Maturities of Securities

(440)

(285)

(3,477)

Proceeds from Sales of Tangible Fixed Assets

400

402

4,891

Proceeds from Sales of Intangible Fixed Assets

0

-

-

(44,414)(38,640)(470,141)Net Cash Provided by (Used in) Investing Activities

Cash Flows from Financing Activities
(570)

(571)

(6,953)

Cash Dividends Paid to Minority Shareholders

(2)

(2)

(28)

Purchases of Treasury Stock

(5)

(3)

(43)

0

-

-

Repayments of Lease Liabilities

(163)

(170)

(2,077)

Net Cash Provided by (Used in) Financing Activities

(741)

(748)

(9,102)1

4

49

86,807(46,980)(571,611)

Cash and Cash Equivalents at Beginning of Period

18,381

105,1881,279,821

Cash and Cash Equivalents at End of Period

105,188

58,207708,209

Cash Dividends Paid

Proceeds from Sales of Treasury Stock

Effect of Exchange Rate Changes on Cash and Cash Equivalents
Net Increase (Decrease) in Cash and Cash Equivalents

Notes
1. The Japanese yen figures are rounded down to the nearest one million yen in this financial report.
2. Figures stated in U.S.dollars are translated solely for convenience at the rate of 㩯82.19 per U.S.$1, the approximate rate of exchange prevailing on March 31,2012.

The Shimizu Bank ,Ltd.
8

Board of Directors and Corporate Auditors

•

•

•

•

Managing Director
Akihiro Mochizuki

Chairman(Representative Director)
Noriji Yamada
President(Representative Director)
Katsuichiro Toyoshima•

Senior Managing Director(Representative Director)
Kazuhito Kobayashi

As of June 22, 2012•

Corporate Auditors
Yasuyoshi Asahina•

Managing Executive Officers
Hiroshi Inaba

Toshiaki Iwaoka

Akihiro Sei

Directors
Sumiko Suzuki

Keisuke Takeshita

Shoichi Tanaka

Naoki Tobayama

Fujio Kaneda

Tetsuya Iikawa

Masaki Sano

Youichiro Ito

Syunji Usami

Shigeru Nonoyama

Syuji Sano

Naoyuki Shirakawa

Organization Chart

As of July 2, 2012

General Meeting of Shareholders

Board of Directors

Chairman

Directors

Auditors

Management Planning
Division

Board of Auditors

Secretariat OfficeBusiness Information Office TokyoManagement Committee
Business Information Office Nagoya

President
Deputy President
Senior Managing Director

Corporate Administration
Division

Finance Office
Legal Office

Managing Director
Risk Management OfficeCounselor
Directors in Charge

General Affairs and Human
Resources Division

Personnel Rating Office

Career Development Division
Executive Officers
Business Planning Division

Customer
Head Office / Branches

Branch Advisory Division

Customer Services Office
Loan Center

Markets and International
Division

Securities Office

Credit DivisionCorporate Support Division
Operations Division

Operations Center Office
Loan Administration OfficeInternal Audit Division

FUJI

MARKETS AND INTERNATIONAL DIVISIONTEL 81-54-353-5164 SWIFT : SMZGJPJT
http://www.shimizubank.co.jp/

HEAD OFFICENUMAZUSHIZUOKAYAIZU
HAMAMATSUTOKYO
NAGOYAThe Shimizu Bank ,Ltd.
9