Financial Statements
For the Six Months Ended Sep.30,2008

THE JOYO BANK, LTD.

THE JOYO BANK, LTD.

Table of Contents

A．CONSOLIDATED FINANCIAL INFORMATION
１． Consolidated balance sheets･････････････････････････････････････

１

２． Consolidated statements of income･･･････････････････････････････

３

３． Consolidated statements of changes in net assets･･････････････････

４

４． Consolidated statements of cash flows････････････････････････････

６

B．NON-CONSOLIDATED FINANCIAL INFORMATION
１． Non-Consolidated Balance sheets････････････････････････････････

８

２． Non-Consolidated statements of income･･････････････････････････ １０
３． Statements of changes in net assets･･････････････････････････････ １１(Note)
Information presented herein has been extracted from the original material, solely forthe convenience of the readers outside Japan.
The amounts presented herein have not been audited.

-THE JOYO BANK, LTD.

CONSOLIDATED FINANCIAL INFORMATION
１．Consolidated Balance Sheet(Millions of yen)

As of Sep. As of Sep.
30,2007 30,2008
AssetsCash and due from banks
Call loans and bills bought
Monetary claims bought
Trading assets
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investment assets
Other assets
Property, plant and equipment
Intangible assets
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 soldPayables under securities lending transactions
Trading liabilities
Borrowed money
Foreign exchanges
Bonds payable
Borrowed money from trust account
Other liabilities
Provision for retirement benefits
Provision for directors' retirement benefits
Provision for repayment for prescribed deposits
Provision for frequent users services
Provision for losses on interest repayment
Provision for other contingent losses
Reserves under the special laws
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Negative goodwill
Acceptances and guarantees
Total liabilities

-1-

As of
Mar.31,2007

146,495
16,26380,927
26,031
4,290
2,520,467
4,453,065
1,044―
52,755120,512
11,081
2,645
30,816△41,135△69
7,425,191

120,022
7,459
56,81524,76523,324
2,188,231
4,696,582
1,521
31,857
133,904
93,651
7,789
41,20028,822△39,349△48
7,416,551

136,252
3,885
65,725
26,0633,281
2,301,379
4,635,216
1,037―
69,531
122,929
10,50019,33028,363△38,879△48
7,384,570

6,246,043
39,845
250,392
115,595
94
78,327318
15,00013
90,350
4,652
571
1,094
138
5
793
―
27,822
14,064
3,001
30,816
6,918,943

6,396,909
76,271
208,631
101,450
106
70,477331
15,00016
95,992
4,219
669
1,194
105
8
1,720
0
―
14,0382,844
28,822
7,018,811

6,340,119
45,411
162,682
166,230
203
71,445303
15,00017
98,483
4,173
650
1,223
160
8
1,093
―
―
14,061
2,923
28,363
6,952,553

THE JOYO BANK, LTD.

(Millions of yen)

As of Sep. As of Sep.
30,2007 30,2008
Net assets
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Total valuation and translation adjustments
Minority interests
Total net assets
Total liabilities and net assets-2-

85,11358,574
259,710△15,996
387,400
107,369△421
10,759117,7071,139
506,248
7,425,191

85,11358,574
256,407△23,013377,081
9,266△691
10,786
19,362
1,296
397,740
7,416,551

As ofMar.31,2007
85,11358,574
255,255△21,671377,271
43,833△1,13010,81953,521
1,222
432,016
7,384,570

THE JOYO BANK, LTD.

２．Consolidated Statement of Income(Millions of yen)

For the six For the six For FY
monthsmonths2007 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
Ordinary income
108,705
102,339
226,793
Interest income
73,80167,002145,058
Interest on loans and discounts
46,832
48,25895,268Interest and dividends on securities
25,616
17,652
46,606
Trust fees
13
11
25
Fees and commissions
13,197
12,23625,268
Trading income
261
230
474
Other ordinary income
8,592
1,477
23,148Other income
12,83821,38032,816
Ordinary expenses
82,537
92,238200,538
Interest expenses
19,721
14,75637,749Interest on deposits
8,150
9,250
16,771Fees and commissions payments
3,470
3,395
6,998
Other ordinary expenses
7,475
15,75247,258General and administrative expenses
36,52238,316
71,903
Other expenses
15,34820,01736,628
Ordinary income
26,167
10,101
26,254Extraordinary income
1,386
1,437
2,285
Gain on disposal of noncurrent assets
808Recoveries of written-off claims
1,378
1,402
2,277
Other
―
34
―
Extraordinary loss
2,105
1,104
2,370
Loss on disposal of noncurrent assets
130
302
373
Impairment loss
93
23
115
Transfer to reserve for financial products transaction liabilities―
0―
Provision for directors' retirement benefits
692
―
692
Provision for repayment for prescribed deposits
1,094
―
1,094
Provision for point card certificates
94
―
94
Other
0
778
0
Income before income taxes and minority interests
25,44810,434
26,169
Income taxes-current
7,329
5,535
13,331
Income taxes-deferred
2,928
510
△1,218
Total income taxes
―
6,045
―
Minority interests in income
46
75
131
Net income
15,143
4,313
13,924-3-

THE JOYO BANK, LTD.

３．Consolidated Statements of Changes in Net Asset(Millions of yen)

For the six For the six For FY
monthsmonths2007 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
Shareholders' equity
Capital stock
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Retirement of treasury stock
Total changes of items during the period
Balance at the end of current period
Retained earnings
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Disposal of treasury stock
Retirement of treasury stockReversal of revaluation reserve for land
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock
Disposal of treasury stock
Retirement of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for land
Total changes of items during the period
Balance at the end of current period
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period-4-85,113

85,113

85,113―
85,113―
85,113―
85,11358,57458,57458,5742△2―
58,574―――58,5740
0―58,574

256,069

255,255

256,069△2,797
15,143―△8,898
194
3,641
259,710△3,136
4,313
△57
―
32
1,151
256,407△5,97013,924―△8,901
134△813
255,255△21,174△21,671△21,174△3,751
28
8,901
5,178
△15,996△1,659318―△1,341△23,013△9,482
83
8,901
△496
△21,671378,581377,271378,581△2,797
15,143△3,751
31
194
8,819
387,400△3,136
4,313△1,659260
32△190
377,081△5,97013,924△9,48284
134△1,309377,271

128,938

43,833

128,938△21,568△21,568
107,369△34,566△34,566
9,266△85,104△85,104
43,833

THE JOYO BANK, LTD.

(Millions of yen)

For the six For the six
For FYmonthsmonths
2006 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
Deferred gains or losses on hedges
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Revaluation reserve for land
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Minority interests
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for land
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period

-5-

△791

△1,130

△791

370
370
△421

439
439
△691

△339
△339
△1,13010,953

10,81910,953△194△194
10,759△32△32
10,786△134△134
10,819139,100

53,521

139,100△21,392△21,392
117,707△34,159△34,159
19,362△85,578△85,578
53,521

1,128

1,222

1,128

11
11
1,139

74
74
1,296

94
94
1,222

518,810432,016

518,810△2,797
15,143△3,75131
194△21,381△12,561
506,248△3,136
4,313△1,659260
32△34,085△34,275
397,740△5,97013,924△9,482
84
134△85,484△86,793432,016

THE JOYO BANK, LTD.

４．Consolidated Statement of Cash Flows(Millions of yen)

For the six For the six For FY
monthsmonths2007 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
Net cash provided by (used in) operating activities
Income before income taxes and minority interests
Depreciation and amortization
Impairment loss
Amortization of negative goodwill
Increase (decrease) in allowance for loan losses
Increase (decrease) in allowance for investment loss
Increase (decrease) in provision for directors'
Increase (decrease) in provision for repayment forprescribed deposits
Increase (decrease) in provision for point card
Increase (decrease) in provision for other contingent
Increase(decrease)provision for losses on interest
Increase (decrease) in provision for directors' bonuses
Increase (decrease) in provision for retirement benefits
Gain on fund management
Financing expenses
Loss (gain) related to securities
Loss (gain) on money held in trust
Foreign exchange losses (gains)
Loss (gain) on disposal of noncurrent assets
Net decrease (increase) in trading assets
Net increase (decrease) in trading liabilities
Net decrease (increase) in lease investment assets
Net decrease (increase) in loans and bills discounted
Net increase (decrease) in deposit
Net increase (decrease) in negotiable certificates of
Net increase (decrease) in borrowed money (excluding
subordinated borrowings)
Net decrease (increase) in deposit (excluding cash
Net decrease (increase) in call loans
Net increase (decrease) in call money
Net increase (decrease) in payables under securities
lending transactions
Net decrease (increase) in foreign exchanges-assets
Net increase (decrease) in foreign exchanges-liabilities
Net increase (decrease) in borrowed money from trust
Proceeds from fund management
Payments for finance
Other, net
Subtotal
Income taxes paid
Net cash provided by (used in) operating activities-6-

25,448
8,526
93
△103
△2,612△4571

10,434
2,264
23
△79
469
△0
19

26,16917,242
115△181△4,868
△25
650

1,094
138
242
―
△50
△633
△73,801
19,721△511△58△1,883
122
3,138
5
―
△50,485△27,184
3,454

△28
△55
627
―
―
45
△68,301
14,7566,627
78△2,595
301
1,298
△97
369
△61,366
56,78930,860

1,223
160
541
3
△50
△1,112△147,803
37,74917,553△935,953
365
3,106
114
―
△232,636
66,891
9,020

3,777△15,227△8,411
141,944△967
18,9995,336
45,9493,895
1,407
19,16754,235△87,658△60△32△2
74,797△17,587
4,579
1,348△15,312△13,963△64,779△484
27△0
68,924△14,145△10,624
40,676△4,08936,587△37,023△53△46
1
150,314△34,773△19,448△32,153△23,634△55,787

THE JOYO BANK, LTD.

(Millions of yen)

For the six For the six For FY
monthsmonths2007 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
Net cash provided by (used in) investment activities
Purchase of short-term investment securities
Proceeds from sales of short-term investment
Proceeds from redemption of securities
Increase in money held in trust
Purchase of property, plant and equipment
Proceeds from sales of property, plant and equipment
Net cash provided by (used in) investment activities
Net cash provided by (used in) financing activities
Decrease in subordinated borrowings
Cash dividends paid
Cash dividends paid to minority shareholders
Purchase of treasury stock
Proceeds from sales of treasury stock
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash
Net increase (decrease) in cash and cash equivalents
Cash and cash equivalents at beginning of period
Cash and cash equivalents at end of period-7-△469,326
357,478
133,152△1,500△8,689323
11,438―△2,797△0△3,751
31△6,518△2△9,046116,379
107,333△237,942 △1,567,160
63,124 1,388,788
167,662
273,855△20,000△1,500△2,208△18,66968
217△29,294
75,531―△3,136△0△1,659260△4,536
12
2,769
113,725
116,494△7,000△5,970△0△9,482
84△22,368△29△2,653116,379
113,725

THE JOYO BANK, LTD.

B．NON-CONSOLIDATED FINANCIAL INFORMATION
１．Non-Consolidated Balance Sheet(Millions of yen)

As of Sep. As of Sep.
30,2007 30,2008
AssetsCash and due from banks
Call loans
Monetary claims bought
Trading assets
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Other assets
Property, plant and equipment
Intangible assets
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
Payables under securities lending transactions
Trading liabilities
Borrowed money
Foreign exchanges
Bonds payable
Borrowed money from trust account
Other liabilities
Income taxes payable
Lease obligations
Other
Provision for retirement benefits
Provision for directors' retirement benefits
Provision for repayment for prescribed deposits
Provision for frequent users services
Provision for other contingent losses
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Acceptances and guarantees
Total liabilities

-8-

As of
Mar.31,2007

146,267
16,26380,927
26,031
4,290
2,522,399
4,488,663
1,044
41,894
81,075
8,905―
30,816△36,872△48
7,411,658

119,866
7,459
56,81524,76523,324
2,194,050
4,730,943
1,521
123,076
83,3107,506
37,04828,822△33,709△48
7,404,753

136,038
3,885
65,725
26,0633,281
2,306,788
4,669,468
1,037
58,77582,892
8,150
15,13528,363△34,293△48
7,371,265

6,258,929
44,475
250,392
115,595
94
71,000318
15,0001373,603
―
―
―
4,316
557
1,094
42
793
29,292
12,92530,816
6,909,262

6,412,407
80,951
208,631
101,450
106
64,000331
15,00016
79,364
7,051
576
71,736
3,858
650
1,194
58
1,720
―
12,89928,822
7,011,465

6,355,871
50,091
162,682
166,230
203
64,000303
15,00017
81,072
5,621
―
―
3,831
635
1,223
61
1,093
―
12,921
28,363
6,943,603

THE JOYO BANK, LTD.

(Millions of yen)

As of Sep. As of Sep.
30,2007 30,2008
Net assets
Capital stock
Capital surplus
Legal capital surplus
Retained earnings
Legal retained earnings
Other retained earnings
Reserve for advanced depreciation of noncurrent
assetsReserve for special account for advanced
depreciation of noncurrent assets
General reserve
Retained earnings brought forward
Treasury stock
Total shareholders' equity
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for land
Total valuation and translation adjustments
Total net assets
Total liabilities and net assets

-9-

As of
Mar.31,2007

85,11358,57458,574260,063
55,317204,746

85,11358,57458,574
256,291
55,317200,974

85,11358,57458,574
255,169
55,317
199,852

115

115

115

―
185,432
19,199△17,224
386,526
107,218△421
9,072
115,869
502,395
7,411,658

140
188,432
12,286△24,241
375,737
9,142
△691
9,099
17,551
393,288
7,404,753

140
185,432
14,163△22,899375,957
43,704△1,1309,132
51,705
427,662
7,371,265

THE JOYO BANK, LTD.

２．Non-Consolidated Statement of Income(Millions of yen)

For the six For the six For FY
monthsmonths2007 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
97,99391,728205,500
73,895
67,119145,30946,93848,384
95,49725,607
17,646
46,58913
11
25
11,692
10,786
22,294
261
221
474
8,592
1,477
23,148
3,538
12,112
14,24772,73281,874
180,678
19,67814,72337,671
8,167
9,278
16,813
3,827
3,806
7,707
7,475
15,75247,25836,68637,97972,087
5,064
9,612
15,95325,261
9,854
24,822
1,211
1,225
1,978
2,009
1,103
2,257
24,463
9,976
24,543
7,038
5,229
12,8592,825
463△1,256―
5,692―
14,5994,284
12,940Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Trust fees
Fees and commissions
Trading income
Other ordinary income
Other income
Ordinary expenses
Interest expenses
Interest on deposits
Fees and commissions payments
Other ordinary expenses
General and administrative expenses
Other expenses
Ordinary income
Extraordinary income
Extraordinary loss
Income before income taxes
Income taxes-current
Income taxes-deferred
Total income taxes
Net income- 10 -

THE JOYO BANK, LTD.

３．Statements of Changes in Net Asset(Millions of yen)

For the six For the six For FY
monthsmonths2007 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
Shareholders' equity
Capital stock
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Capital surplus
Legal capital surplus
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Other capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Retirement of treasury stock
Total changes of items during the period
Balance at the end of current period
Total capital surplus
Balance at the end of previous period
Changes of items during the period
Disposal of treasury stock
Retirement of treasury stock
Total changes of items during the period
Balance at the end of current period
Retained earnings
Legal retained earnings
Balance at the end of previous period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Other retained earnings
Reserve for advanced depreciation of noncurrent
assetsBalance at the end of previous period
Changes of items during the period
Total changes of items during the period
Balance at the end of current period
Reserve for special account for advanced
depreciation of noncurrent assets
Balance at the end of previous period
Changes of items during the period
Provision of reserve for special account foradvanced depreciation of noncurrent assets
Total changes of items during the period
Balance at the end of current period- 11 -

85,113

85,113

85,113―
85,113―
85,113―
85,11358,57458,57458,574―58,574―58,574―58,574

―

―

―

2
△2
―
―

―
―
―
―

0
0
―
―

58,57458,57458,5742△2―
58,574―――58,5740
0―58,57455,31755,31755,317―55,317―55,317―55,317

115

115

115

―
115

―
115

―
115

―

140

―

―
―
―

―
―
140

140
140
140

THE JOYO BANK, LTD.

(Millions of yen)

For the six For the six For FY
monthsmonths2007 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
General reserve
Balance at the end of previous period
Changes of items during the period
Provision of general reserve
Total changes of items during the period
Balance at the end of current period
Retained earnings brought forward
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Provision of reserve for special account foradvanced depreciation of noncurrent assets
Provision of general reserve
Disposal of treasury stock
Retirement of treasury stockReversal of revaluation reserve for land
Total changes of items during the period
Balance at the end of current period
Total retained earnings
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Disposal of treasury stock
Retirement of treasury stockReversal of revaluation reserve for land
Total changes of items during the period
Balance at the end of current period
Treasury stock
Balance at the end of previous period
Changes of items during the period
Purchase of treasury stock
Disposal of treasury stock
Retirement of treasury stock
Total changes of items during the period
Balance at the end of current period
Total shareholders' equity
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for land
Total changes of items during the period
Balance at the end of current period- 12 -

173,432

185,432

173,432

12,00012,000185,432

3,000
3,000
188,432

12,00012,000185,432

28,102

14,163

28,102△2,797
14,599△3,136
4,284△5,97012,940―△12,000―△8,898194△8,90319,199―△3,000△57―
32△1,877
12,286△140△12,000―△8,901
134△13,938
14,163

256,967

255,169

256,967△2,797
14,599―△8,898194
3,096
260,063△3,136
4,284
△57
―
32
1,122
256,291△5,97012,940―△8,901134△1,797
255,169△22,403△22,899△22,403△3,751
28
8,901
5,178
△17,224△1,659318―△1,341△24,241△9,482
83
8,901
△496
△22,899378,251

375,957

378,251△2,797
14,599△3,75131
1948,275
386,526△3,136
4,284△1,659260
32△219
375,737△5,97012,940△9,48284
134△2,293375,957

THE JOYO BANK, LTD.

(Millions of yen)

For the six For the six For FY
monthsmonths2007 ended
ended
ended
Mar.31,2008
Sep.30,2007 Sep.30,2008
Valuation and translation adjustments
Valuation difference on available-for-sale securities
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Deferred gains or losses on hedges
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Revaluation reserve for land
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total valuation and translation adjustments
Balance at the end of previous period
Changes of items during the period
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period
Total net assets
Balance at the end of previous period
Changes of items during the period
Dividends from surplus
Net income
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for land
Net changes of items other than shareholders' equity
Total changes of items during the period
Balance at the end of current period- 13 -

128,905

43,704

128,905△21,687△21,687
107,218△34,561△34,561
9,142△85,201△85,201
43,704△791△1,130

△791

370
370
△421

439
439
△691

△339
△339
△1,130

9,266

9,132

9,266

△194
△194
9,072

△32
△32
9,099

△134
△134
9,132

137,380

51,705

137,380△21,511△21,511
115,869△34,154△34,154
17,551△85,675△85,675
51,705515,631427,662515,631△2,797
14,599△3,75131
194△21,511△13,235
502,395△3,136
4,284△1,659260
32△34,154△34,373
393,288△5,97012,940△9,48284134△85,675△87,969
427,662