Consolidated Financial Statements
CONSOLIDATED BALANCE SHEETSMarch 31, 2017 and 2016

Millions of yen
2017

Millions of yen
2016

Thousands ofU.S. dollars (Note 1)
2017¥960,386
278,732
8,882
2,800
46,953
1,900,271
6,751,378
16,053
14,285
125,829
91,502
8,729
29,596
1,711
43,068(54,393)¥ 10,225,782¥ 1,174,642
356,719
7,909
4,250
47,6552,120,651
6,448,887
14,991
13,785
146,530
88,666
9,173
21,694
2,212
47,719(67,478)¥ 10,438,005$ 8,560,353
2,484,464
79,16924,958418,513
16,937,971
60,178,073
143,088
127,329
1,121,570
815,599
77,806
263,802
15,251
383,884(484,829)$ 91,147,001¥ 9,229,795
82,66732,861
2,174
31,395476
67,314
91,107
3,154
1,879
259
15
1,541
77
108
24
9,943
10,87243,0689,608,729
50,00060,765442,259(22,702)530,322
55,524(217)
24,533981
80,821
513
5,397
617,053¥ 10,225,782¥ 9,510,090
73,34332,001
3,525
34,553375
67,60863,755
3,439
2,057
40
30
1,405
75
—
18
3,932
10,87247,7199,854,837
50,00060,781
415,101(23,426)
502,456
54,020(307)
24,523(3,289)74,947601
5,164
583,168¥ 10,438,005$ 82,269,320
736,848
292,905
19,378279,838
4,243
600,000
812,078
28,113
16,7482,309
134
13,736686963
214
88,62696,907
383,884
85,646,930
445,673541,626
3,942,053(202,353)
4,726,999
494,910(1,934)
218,6748,744
720,394
4,573
48,1055,500,071$ 91,147,001

ASSETS
AssetsCash and due from banks (Notes 3, 4 and 9)
Call loans and bills purchased (Note 4)
Monetary claims bought
Trading assets (Notes 4 and 6)
Money held in trust (Notes 4 and 6)
Securities (Notes 4, 5, 6 and 9)
Loans and bills discounted (Notes 4, 7 and 8)
Foreign exchanges
Lease receivables and investment assets
Other assets (Notes 4, 6 and 9)
Tangible fixed assets (Notes 10, 11, 15 and 20)
Intangible fixed assets (Note 20)
Net defined benefit asset (Notes 14)
Deferred tax assets (Note 21)
Customers’ liabilities for acceptances and guarantees (Note 16)
Allowance for loan losses
Total assets

LIABILITIES AND NET ASSETS
Liabilities

Net Assets(Notes 22and 23)

Deposits (Notes 4 and 9)
Call money and bills sold (Note 9)
Payables under securities lending transactions (Note 9)
Trading liabilities (Notes 4 and 6)
Borrowed money (Notes 9 and 13)
Foreign exchanges
Bonds with warrants
Other liabilities (Notes 4 and 6)
Provision for bonuses
Net defined benefit liability (Note 14)
Provision for directors’ retirement benefits
Provision for loss on interest repayments
Provision for reimbursement of deposits
Provision for customers point servicesProvision for directors’ stock benefits
Reserves under special laws
Deferred tax liabilities (Note 21)
Deferred tax liabilities for land revaluation (Notes 15 and 21)
Acceptances and guarantees (Note 16)
Total liabilities
Capital stock
Capital surplus
Retained earnings
Treasury stock
Total shareholders’ equity
Unrealized gains on available-for-sale securities (Note 6)
Deferred losses on hedges
Revaluation reserve for land (Note 15)
Remeasurements of defined benefit plans
Total accumulated other comprehensive income
Stock options (Note 24)
Non-controlling interestsTotal net assets
Total liabilities and net assets

See accompanying notes.

21

YMFG Annual Report 2017

CONSOLIDATED STATEMENTS OF INCOME
Years ended March 31, 2017 and 2016

Millions of yen
2017

IncomeInterest income:Interest on loans and discounts
Interest and dividends on securities
Other interest income
Trust fees
Fees and commissions
Trading income
Other operating income
Recoveries of written-off claims
Gain on returns of retirement benefit trust
Other income (Note 17)
Total income
Expenses
Interest expense:
Interest on deposits
Interest on borrowings and rediscounts
Interest on bonds payable
Other interest expense
Fees and commissions payments
Trading expenses
Other operating expenses
General and administrative expenses (Notes 18 and 24)
Impairment losses (Note 12)
Other expenses (Note 19)
Total expenses
Income before income taxes
Income taxes (Note 21):
Current
Deferred
Net income
Net income attributable to non-controlling interests
Net income attributable to owners of the parent
Amounts per share of common stock:
Net income attributable to owners of the parent (Note 29)¥¥

73,887
21,437995
125,442
2,360
21,96257—
17,677
163,818

Millions of yen2016¥$658,588191,078
8,869
9
226,776
21,036
195,757
508—
157,563
1,460,184

5,125
1,758
98
649
8,424
—
18,337
77,867
69
4,692
117,019
46,799

6,574
833
107
378
7,871
25
17,035
79,101
118
3,957
115,999
50,85945,681
15,670874
5,785
75,087—
163,446
694,064
615
41,821
1,043,043
417,141

10,596
4,397
31,806219
31,587

13,4504,721
32,688392
32,296

94,44839,192
283,501
1,952
281,549¥Yen
2017¥76,625
20,3772,021
124,304
1,816
22,00915
1,339
18,351
166,858

Thousands ofU.S. dollars (Note 1)
2017

128.70Yen
2016¥132.43$

U.S. dollars (Note 1)
2017

$

1.15

See accompanying notes.

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Years ended March 31, 2017 and 2016

Millions of yen
2017

Net income
Other comprehensive income (Note 26)
Unrealized gains (losses) on available-for-sale securities
Deferred gains (losses) on hedges
Revaluation reserve for landRemeasurements of defined benefit plans
Share of other comprehensive income in affiliated companies
accounted for using equity method
Comprehensive income (Note 26)
Comprehensive income attributable to owners of the parent
Comprehensive income attributable to non-controlling interests

Millions of yen
2016

Thousands ofU.S. dollars (Note 1)
2017¥31,806
5,870
1,510
90
—
4,2700¥32,688(24,848)(17,136)9571(8,292)(0)$283,501
52,322
13,460802—
38,0600¥37,67637,451
225

¥

7,840
7,459
381

$

335,823
333,818
2,005

See accompanying notes.

YMFG Annual Report 201722

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS
Years ended March 31, 2017 and 2016

Millions of yen
Shareholders’ Equity

Balance at 31st March 2015
Changes of items during the year
Dividend paid
Net income attributable to ownersof the parent
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for land
Changes of consolidated subsidiaries
Net changes of items other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2016
Changes of items during the year
Dividend paid
Net income attributable to ownersof the parent
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for landNet changes of items other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2016

Retained
Earnings

Accumulated other comprehensive income

Unrealized
Total
gains onTreasury
Shareholders’ availableStock
Equityfor-salesecurities

CapitalStock

CapitalSurplus¥50,000¥59,686 ¥386,187 ¥(24,320) ¥471,553 ¥ 71,146(3,424)32,296
(40)
877

10
42
1,085

—
¥50,00057

31,587(2,733)
3,457

(16)
(10)

—
¥50,000¥(316)¥23,994¥ 5,003 ¥ 99,827

Stock
options

NonTotal Net
controlling
AssetsInterests¥512¥ 6,496 ¥578,388(3,424)(3,424)32,296
(40)
887
42
1,142

32,296
(40)
887
42
1,142

(17,126)
1,095
28,914894
30,903 (17,126)¥60,781 ¥415,101 ¥(23,426) ¥502,456 ¥ 54,020(4,419)Total
Deferred Revaluation Remeasurements accumulated
losses on reserve forof definedotherhedgeslandbenefit plans comprehensive
income99¥(307)529
529¥24,523(8,292) (24,880)(8,292) (24,880)¥(3,289) ¥ 74,947

89
89
¥601

(1,332) (26,123)(1,332)
4,780¥ 5,164 ¥583,168(4,419)(4,419)31,587(2,733)3,441(10)

31,587(2,733)
3,441
(10)

1,504
(16) 27,158
724
27,866
1,504¥60,765 ¥442,259 ¥(22,702) ¥530,322 ¥ 55,524

9090¥(217)1010¥24,533

4,270
5,874
4,270
5,874
¥ 981 ¥ 80,821

(88)
(88)
¥513

233
6,019
233
33,885¥ 5,397 ¥617,053

Thousands of U.S. dollars (Note 1)
Shareholders’ Equity

Balance at 31st March 2016
Changes of items during the year
Dividend paid
Net income attributable to ownersof the parent
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve for land
Net changes of items other thanshareholders’ equity
Total changes of items during the year
Balance at 31st March 2017
See accompanying notes.

23

YMFG Annual Report 2017

Retained
Earnings

Accumulated other comprehensive income

Unrealized
Total
gains onTreasury
Shareholders’ availableStock
Equityfor-salesecurities

Total
Deferred Revaluation Remeasurements accumulated
losses on reserve forof definedotherhedges
landbenefit plans comprehensive
incomeStockoptions

NonTotal Net
controllingAssets
Interests$5,357$46,028 $5,198,039

CapitalStock

CapitalSurplus$445,673$541,768 $3,699,982$(208,806) $4,478,617(39,389)(39,389)(39,389)(89)

281,549(24,360)
30,671(89)

281,549(24,360)
30,671(89)(142) 242,071$541,626 $3,942,053

6,453
248,382$(202,353) $4,726,999

281,549(24,360)
30,813(142)—$445,673$481,504

13,406
13,406$494,910$(2,736)802802$(1,934)$218,585

89
89$218,674$(29,316)

38,06038,060$ 8,744$668,037

52,35752,357$720,394

(784)
(784)
$4,573

2,077
53,6502,077
302,032$48,105 $5,500,071

CONSOLIDATED STATEMENTS OF CASH FLOWS
Years ended March 31, 2017 and 2016
Millions of yen
2017

Cash flows from operating activities:
Income before income taxes
Depreciation
Impairment losses
Amortization of goodwill
Equity in earnings of affiliates
Net change in allowance for loan losses
Net change in provision for bonuses
Net change in defined benefit asset
Net change in defined benefit liability
Net change in provision for directors’ retirement benefits
Net change in provision for directors’ stock benefits
Net change in provision for loss on interest repayments
Net change in provision for reimbursement of deposits
Net change in provision for customers point services
Net change in reserves under special laws
Interest income
Interest expenses
Net gains related to securities transactions
Net losses (gains) from money held in trust
Net exchange losses (gains)
Net losses (gains) from disposition of fixed assets
Gain on returns of retirement benefit trust
Net change in trading assets
Net change in trading liabilities
Net change in loans and bills discounted
Net change in deposits
Net change in negotiable certificates of deposits
Net change in borrowed money excluding subordinated loans
Net change in deposits with bank
Net change in call loans and bills purchased
Net change in call money and bills soldNet change in payables under securities lending transactions
Net change in foreign exchanges (asset account)
Net change in foreign exchanges (liability account)
Net change in lease receivables and investment assets
Interest received
Interest paid
Other, net
Subtotal
Income taxes paid
Income taxes refunds
Net cash provided by (used in) operating activities¥

Cash flows from investing activities:
Purchases of securities
Proceeds from sales of securities
Proceeds from maturity of securities
Purchases of money held in trust
Proceeds from sales of money held in trust
Purchases of tangible fixed assets
Proceeds from sales of tangible fixed assets
Purchases of intangible fixed assets
Purchases of shares in subsidiaries associated with changes in the scope ofconsolidation (Note 3)
Net cash provided by investing activities
Cash flows from financing activities:
Decrease in subordinated bonds payable
Dividends paid
Dividends paid to non-controlling shareholders
Purchases of treasury stock
Proceeds from disposal of treasury stock
Proceeds from sales of shares in subsidiaries that are not associated with changes
in the scope of consolidation
Net cash used in financing activities
Effect of exchange rate changes on cash and cash equivalents
Net change in cash and cash equivalents
Cash and cash equivalents at the beginning of fiscal year
Cash and cash equivalents at the end of fiscal year (Note 3)¥

46,799
5,675
69
2,661
(5)
(13,085)(285)(7,902)
(178)
219
108
(15)
137
2
6(96,319)
7,631(18,384)
1,107(2,278)
(84)
—
1,451
(1,352)(302,490)(249,853)(30,441)(3,158)(6,886)77,0149,324
860(1,062)101(501)
90,630(7,486)42,641(455,329)(16,380)—(471,709)

Thousands of
U.S. dollars (Note 1)
2017

Millions of yen
2016¥50,859
7,093
118
4,931
(4)
(7,012)424
11,783(1,411)
3
—
(7)
47
4
6(99,022)
7,893(18,751)
(639)
2,329
74
(1,339)1,994(1,899)(220,873)
262,139
38,871(5,269)6,358(73,015)(1,727)
7,973
(710)
66
(436)
95,775(7,620)(25,765)
33,241(11,432)2
21,811$

417,141
50,584615
23,719(45)(116,632)(2,540)(70,434)(1,587)
1,952
963
(134)
1,221
18
53
(858,535)
68,019(163,865)
9,867(20,305)(749)—
12,933(12,051)(2,696,230)(2,227,052)(271,334)(28,149)(61,378)
686,460
83,1097,666(9,466)900(4,466)
807,826(66,726)
380,080(4,058,552)(146,003)—(4,204,555)(1,686,047)
1,676,873
274,617(16,970)
16,068(4,576)259(2,391)(3,800)(1,800,773)
1,782,358
243,846(8,499)9,768(2,737)16(2,061)—(15,028,496)
14,946,724
2,447,785(151,261)
143,221(40,788)2,309(21,312)(33,871)254,033

221,918

2,264,311—(4,419)(2)(2,733)
3,690—(25,000)(3,424)
(2)
(40)
462
18

—
(39,389)(18)(24,360)
32,891—(3,464)(27,986)(30,876)(1)(221,141)
1,158,707
937,566(18)
215,725
942,982
1,158,707(9)(1,971,129)
10,328,077
8,356,948¥$See accompanying notes.

YMFG Annual Report 201724