FINANCIAL
STATEMENTS
Year Ended March 31,2016

2 0 1 6

7-8,Nishishinchi,Yokkaichi,Mie 510-0087,Japan
URL: http://www.miebank.co.jp

1 FINANCIAL STATEMENTS 2016

Our managerial ideal is to become and to be perceived as a bank which develops together with theregion in which it is based, a bank which is able to ﬂourish together with its customers, and a bankwhich strides forward hand in hand with its shareholders and employees.
The Mie Bank, Ltd. focuses on community-based development while implementing measures toincrease satisfaction among customers, shareholders, and employees based on our medium-termbusiness plan Growing̶together with the community .
We have set a goal of becoming an ever-growing bank with a strong presence in the community,
while expanding our range of customers and valuing increasing income.

Mitsunori Watanabe, President

2016

Years ended March 31

2015

Millions of Yen
2014

2013

2012

For the Year32,96027,233
5,727
3,677

Total Income
Total Expenses
Proﬁt before Income Taxes
Proﬁt Attributable to Owners of Parent￥

Total Assets
Loans and Bills Discounted
Securities
Deposits
Total Net Assets￥1,943,624
1,334,087
436,942
1,709,344
119,290￥

34,14428,283
5,860
3,891

￥

33,10028,465
4,635
2,594

￥

33,92529,811
4,114
2,536

￥

35,701
31,673
4,027
1,893

At Year End￥1,916,135
1,324,067
451,980
1,691,983
118,136￥1,782,491
1,233,712
413,378
1,608,724
99,422￥1,870,815
1,281,950
415,983
1,653,398
103,639￥1,698,036
1,192,386
344,933
1,556,643
88,193Proﬁt attributable to owners of parent for year ended March 31, 2016, decreased year over year, reﬂecting the decline ininterest income from loans due to a decrease in yields.
Total income decreased ￥1,184 million from the previous year to ￥32,960 million. Proﬁt attributable to owners of parent
decreased ￥214 million from the previous year to ￥3,677 million.

Profit Attributable to Owners of Parent

Deposits

Loans and Bills Discounted（Millions of Yen）

（Billions of Yen）

（Billions of Yen）

4,000

1,700

1,400

3,000

1,600

1,200

2,000

1,500

1,000

1,000

1,400

800

0

2012

2013

2014

2015

2016

1,300

2012

2013

2014

2015

2016

600

2012

2013

2014

2015

2016

Millions of Yen
Years ended March 31

Bankrupt loans
Non-accrual loans
Past due loans (3 months or more)
Restructured loans

Total

Note : Percentage in parentheses refer to total term-end loan balance.

2016

2015

￥ 868（0.07%）
22,866（1.71%）−（−%）
1,264（0.09%）
24,999（1.87%）￥ 456（0.03%）
26,024（1.97%）−（−%）
1,277（0.10%）
27,758（2.10%）

2 FINANCIAL STATEMENTS 2016

THE MIE BANK, LTD. AND CONSOLIDATED SUBSIDIARIESMarch 31, 2016 and 2015

Millions of Yen
2016
2015

Thousands of
U.S. Dollars
2016

AssetsCash and Due from Banks
Call Loans and Bills Bought
Monetary Claims Bought
Trading Account Securities
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
Software
Other Intangible Fixed Assets
Net Defined Benefit AssetDeferred Tax Assets
Customers' Liabilities for Acceptances and Guarantees
Reserve for Possible Loan Losses

Total Assets￥￥

123,045
2,292
2,394
71
436,942
1,334,087
2,338
7,003
15,574
11,003
5,757
3,514
53
196
1,481
1,806
1,587
219
3,757
292
8,953
(5,939)1,943,624￥￥

83,845
6,766
2,612
38
451,980
1,324,067
2,331
7,154
13,882
11,281
5,850
3,587
115
194
1,534
1,924
1,707
217
5,712
385
10,703(6,551)
1,916,135

Millions of Yen
2016
2015

$

$

1,092,568
20,35921,265636
3,879,794
11,845,920
20,76062,191
138,291
97,70351,12331,209476
1,745
13,15016,037
14,092
1,945
33,3652,601
79,498(52,736)
17,258,252

Thousands of
U.S. Dollars
2016

Liabilities and Net Assets
Liabilities
Deposits
Payables under Securities Lending Transactions
Borrowed Money
Foreign Exchanges
Other Liabilities
Reserve for Employee Bonuses
Net Defined Benefit Liability
Reserve for Executive Officer Retirement Benefits
Reserve for Reimbursement of Deposits
Deferred Tax Liabilities
Acceptances and Guarantees

Total Liabilities￥￥

1,709,344
12,23867,173
1
17,155
625
183
56
161
8,439
8,953
1,824,333￥

15,295
11,38870,249(56)
96,87622,898(1,247)
(183)

￥

￥

1,691,983−
68,177
0
16,767
608
178
56
148
9,376
10,703
1,797,999$

15,295
11,14467,581(49)
93,971
23,234(1,471)
1,203

$

$

15,177,985
108,670
596,46212
152,332
5,551
1,631
503
1,434
74,941
79,49816,199,019

Net Assets
Capital Stock
Capital Surplus
Retained Earnings
Treasury Stock￥

Total Shareholders' Equity
Net Unrealized Gains on Other Securities
Net Deferred Losses on Hedges
Remeasurements of Defined Benefit Plans

Total Accumulated Other Comprehensive Income
Non-Controlling Interests
Total Net Assets
Total Liabilities and Net Assets￥

135,814101,122623,772(501)
860,207203,328(11,076)(1,626)

21,46822,966

945

1,198

8,400

119,290
1,943,624

118,136
1,916,135

1,059,233
17,258,252￥

190,626$

3 FINANCIAL STATEMENTS 2016

THE MIE BANK, LTD. AND CONSOLIDATED SUBSIDIARIES

Years ended March 31, 2016 and 2015
Thousands of
U.S. Dollars

Millions of Yen

Consolidated Statements of Income

2016

2015

2016

IncomeInterest and Dividends on:
Loans and Bills Discounts
Securities
Other
Fees and Commissions
Other Operating Income
Other Income￥

Total Income

14,935
3,751
86
6,157
1,383
6,645
32,96015,692
3,705
74
6,440
1,441
6,790
34,144￥$

132,616
33,315771
54,67812,28259,004
292,666

Expenses
Interest on:
Deposits
Borrowings and Rediscounts
Other
Fees and Commissions Payments
Other Operating Expenses
General and Administrative Expenses
Other Expenses

Total Expenses
Profit before Income Taxes

Income Taxes
Current
Deferred

Total Income Taxes

ProfitProﬁt Attributable to Non-Controlling Interests

Profit Attributable to Owners of Parent

￥

1,385
222
908
1,668
189
19,576
4,331
28,283
5,860

11,852
1,919
7,091
15,5491,649
168,272
35,481
241,81350,853

1,498
505
2,003
3,723
45
3,677

1,465
447
1,913
3,947
56
3,891

13,302
4,491
17,79333,060407
32,653

2016￥

Net Unrealized Gains on Other Securities
Net Deferred Losses on Hedges
Remeasurements of Deﬁned Beneﬁt Plans

Comprehensive Income

Comprehensive Income Attributable to
Owners of Parent
Comprehensive Income Attributable to
Non-Controlling Interests$

Thousands of
U.S. Dollars

2015

2016

3,723 ￥
(1,494)(331)
223(1,386)
2,228

3,947
11,94910,611353
985
15,897

2,178

15,82819,348

49

69

442

Per Share
Net Income
Cash Dividends
Net Assets￥

Millions of Yen

Consolidated Statements of Comprehensive Income
ProfitOther Comprehensive Income

1,334
216
798
1,751
185
18,9503,995
27,233
5,727

$

Yen

￥

27.30
7.50
878.87￥33,060(13,270)(2,943)
1,988(12,315)
19,790U.S.Dollars

28.88
6.50
868.25

$

0.24
0.07
7.80

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4 FINANCIAL STATEMENTS 2016

THE MIE BANK, LTD. AND CONSOLIDATED SUBSIDIARIES

Years ended March 31, 2016 and 2015

Millions of Yen

Balance at April 1,2014
Cumulative Eﬀects of
Changes in Accounting Policies

Restated Balance

Changes of Items during the Period
Cash Dividends
Proﬁt Attributable to Owners of Parent
Purchase of Treasury Stock
Disposal of Treasury Stock
Net Changes of Items
other than Shareholders Equity
Total Changes of Items during the Period

Balance at March 31,2015

Balance at April 1,2014
Cumulative Eﬀects of
Changes in Accounting Policies

Restated Balance

Changes of Items during the Period
Cash Dividends
Proﬁt Attributable to Owners of Parent
Purchase of Treasury Stock
Disposal of Treasury Stock
Net Changes of Items
other than Shareholders Equity
Total Changes of Items during the Period

Balance at March 31,2015

Balance at April 1,2015
Changes of Items during the Period
Cash Dividends
Proﬁt Attributable to Owners of Parent
Purchase of Treasury Stock
Disposal of Treasury Stock
Purchase of Shares ofConsolidated Subsidiaries
Net Changes of Items
other than Shareholders Equity
Total Changes of Items during the Period

Balance at March 31,2016

CapitalStock￥ 15,295

CapitalSurplus￥ 11,144

15,295

11,144

Shareholders Equity
Retained
Treasury
Earnings
Stock￥ 63,918￥ (44)
648
64,566

Total Shareholders
Equity￥ 90,313(44)648
90,961

(6)
1

(875)
3,891
(6)
1

(4)
(49)

3,010
￥ 93,971

(875)
3,891
(0)
−
￥ 15,295−￥ 11,144

3,015￥ 67,581￥

Accumulated Other Comprehensive Income
Net Unrealized
Net Deferred Remeasurements Total Accumulated
Gains onLosses onof Deﬁned
Other Comprehensive
Other Securities
Hedges
Beneﬁt Plans
Income218￥ (1,824)￥￥ 11,029￥ 12,634(1,824)

12,634

218

NonTotal Net
Controlling
AssetsInterests￥ 2,296 ￥ 103,639
2,296

11,029648
104,287
(875)
3,891
(6)
1

10,59910,599￥ 23,234￥

CapitalStock￥ 15,295

353
353(1,471)￥

CapitalSurplus￥ 11,144

985
985
1,203

11,937
11,937￥ 22,966￥(1,098)
10,838(1,098)
13,8491,198 ￥ 118,136

Shareholders Equity
Retained
Treasury
Earnings
Stock￥ 67,581￥ (49)

Total Shareholders
Equity￥ 93,971(1,010)
3,677
(7)
0

(1,010)
3,677
(7)
0

(0)

244

244
244
￥ 11,388−￥ 15,295

2,667￥ 70,249￥

2,904￥ 96,876(7)(56)

Accumulated Other Comprehensive Income

Balance at April 1,2015
Changes of Items during the Period
Cash Dividends
Proﬁt Attributable to Owners of Parent
Purchase of Treasury Stock
Disposal of Treasury Stock
Purchase of Shares ofConsolidated Subsidiaries
Net Changes of Items
other than Shareholders Equity
Total Changes of Items during the Period

Balance at March 31,2016

Net Unrealized
Gains on
Other Securities

Net Deferred
Losses on
Hedges￥ 23,234￥(1,471)Remeasurements Total Accumulatedof Deﬁned
Other Comprehensive
Beneﬁt Plans
Income￥1,203￥ 22,966

NonControlling
Interests

Total Net
Assets

1,198￥ 118,136￥(1,010)
3,677
(7)
0
244
(335)
(335)
￥ 22,898

￥

223
223
(1,247)￥(1,386)(1,386)(183)(1,498)(1,498)￥ 21,468

￥

(252)
(252)
945

(1,750)1,154￥ 119,290

5 FINANCIAL STATEMENTS 2016

Thousands of U.S. Dollars
Shareholders Equity
CapitalStock

Balance at April 1,2015$

CapitalSurplus135,814$Retained
Earnings

98,952$

Treasury
Stock

600,087

Total Shareholders
Equity

(438)

$

$

834,415

Changes of Items during the Period
Cash Dividends(8,968)(8,968)Proﬁt Attributable to Owners of Parent

32,65332,653Purchase of Treasury Stock(0)

Disposal of Treasury Stock
Purchase of Shares ofConsolidated Subsidiaries

(63)

(63)

0

0

2,170

2,170

Net Changes of Items
other than Shareholders Equity
Total Changes of Items during the Period

Balance at March 31,2016

2,170

−
$

135,814$

23,685

101,122$(63)

623,772(501)$

25,792$860,207

Accumulated Other Comprehensive Income
Net Unrealized
Gains on
Other Securities

Balance at April 1,2015$

206,306

Net Deferred
Losses on
Hedges$(13,064)

Remeasurements Total Accumulated
Nonof Deﬁned
Other Comprehensive Controlling
Beneﬁt Plans
IncomeInterests$

10,689$203,931$

10,638

Total Net
Assets$ 1,048,984

Changes of Items during the Period
Cash Dividends(8,968)Proﬁt Attributable to Owners of Parent

32,653(63)

Purchase of Treasury Stock
Disposal of Treasury Stock0

Purchase of Shares ofConsolidated Subsidiaries

2,170

Net Changes of Items
other than Shareholders Equity
Total Changes of Items during the Period

Balance at March 31,2016$(2,978)

1,988(12,315)(13,305)(2,238)(15,543)(2,978)

1,988(12,315)(13,305)(2,238)

10,2498,400$ 1,059,233

203,328$(11,076)$(1,626)$

190,626$

6 FINANCIAL STATEMENTS 2016

THE MIE BANK, LTD. AND CONSOLIDATED SUBSIDIARIES Years ended March 31, 2016 and 2015
Thousands of
U.S. Dollars
2016

Millions of Yen
2016
2015

Cash Flows from Operating Activities:
Proﬁt before Income Taxes
Depreciation
Losses on Impairment of Fixed Assets
Gains on Negative Goodwill
Decrease in Reserve for Possible Loan Losses
Increaseｉ
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ｏｙｅｅＢｏｎｕｓｅｓIncrease in Net Deﬁned Beneﬁt Asset
Increase in Net Deﬁned Beneﬁt Liability
Increase in Reserve for Executive Oﬃcer Retirement Beneﬁts
Increase(Decrease) in Reserve for Reimbursement of Deposits
Interest and Dividend Income
Interest Expense
Securities Gains, Net
Foreign Exchange Losses (Gains), Net
Losses(Gains) on Disposal of Fixed Assets, Net
Gains on Return of Assets from Retirement Beneﬁts Trust
Net Change in Loans and Bills Discounted
Net Change in Deposits
Net Change in Borrowed Money(Excluding Subordinated Borrowings)
Net Change in Deposits with Banks
Net Change in Call Loans and Bills Bought and Others
Net Change in Trading Account Securities
Net Change in Payables under Securities Lending Transactions
Net Change in Foreign Exchanges (Asset)
Net Change in Foreign Exchanges (Liability)
Net Change in Lease Receivables and Investment Assets
Interest Income Received
Interest Expense Paid
Others￥

Sub-Total
Income Taxes Paid

Net Cash Provided by Operating Activities

5,727
1,787
47
−
(612)
16
(588)
11
0
12
(18,773)
2,349
(599)
0
11
(80)
(10,020)
17,361

￥

5,860
2,229
63
(756)
(718)
30
(583)
9
13
(0)
(19,471)
2,517
(758)
(0)
(62)
−
(42,117)
38,584$50,853
15,871421−(5,436)148(5,222)104
4111(166,702)
20,862(5,322)2
104(716)(88,976)
154,160(1,003)
(157)
4,691
(33)
12,238(6)
1(41)
20,017(2,473)(1,386)28,498(1,406)27,092(1,270)(38)
16,226
(27)
−
(45)
(4)
92
20,688(2,677)(795)
16,988(1,507)
15,480(8,910)(1,397)41,659(298)
108,670
(56)
12
(364)
177,741(21,961)(12,311)
253,051(12,485)
240,566(66,501)
24,00257,003
(853)
(584)
33
−
(8)
13,090(96,970)
10,30152,801(1,020)
(641)
123
(408)
(16)
(35,830)(590,492)
213,125
506,155(7,578)(5,192)294−(79)
116,233(1,010)
(1)
(7)
0
(65)
(55)
(1,140)

(875)
(2)
(6)
1
(65)
−
(948)

(8,968)
(15)
(63)
0
(581)
(496)
(10,123)(0)
39,042
83,672
122,7150(21,297)
104,970
83,672(2)
346,674
742,966
1,089,640

Cash Flows from Investing Activities:
Purchases of Securities
Proceeds from Sale of Securities
Proceeds from Redemption of Securities
Purchases of Tangible Fixed Assets
Purchases of Intangible Fixed Assets
Proceeds from Sale of Tangible Fixed Assets
Purchases of Shares of Subsidiaries
OthersNet Cash Provided by (Used in) Investing Activities
Cash Flows from Financing Activities:
Cash Dividends Paid
Cash Dividends Paid to Non-Controlling Interests
Purchases of Treasury Stock
Proceeds from Sale of Treasury Stock
Repayment of Lease Obligation
Purchases of Stocks of Subsidiaries not Resulting in Change in Scope of Consolidation

Net Cash Used in Financing Activities
Effect of Foreign Exchange Rate Changes
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 FINANCIAL STATEMENTS 2016

■Operating Structure of the Bank and subsidiaries
Banking operations
Leasing operations

The Mie Bank, Ltd.

Credit guarantee operations
Other operations

Head Office and 75 branches★The Miegin Sogo-Lease Co., Ltd.(Leasing business)★The Miegin Shinyo-Hosho Co.,Ltd.(Credit guarantee business)★The Miegin Institute of Research Co., Ltd.(Research and consulting)★The Miegin Card Co., Ltd.(Credit card business)★The Miegin Computer Service Co., Ltd.(Computer software development)★Consolidated subsidiaries■Organization Chart
Shareholders'Meeting

Board ofDirectors

General Planning & Co-ordination Department
Treasury Department
General Affairs Department
Personnel Department
Operations Administration Department
Information Technology Department
Quality Improvement Department
Business Planning Department
Business Promotion Department
Customers Loan Management Department
Credit Supervision Department
Secretariat
Tokyo Liaison Office
Audit Department
Auditor’s Office

Management
Committee

Board of Corporate Auditors■Foreign Exchange Offices
Main Office
7-8, Nishishinchi, Yokkaichi, Mie 510-0087 TEL : +81-59-353-3111

Tsu Branch

941, Sakaemachi 1-chome, Tsu, Mie 514-0004 TEL : +81-59-226-6155

Nagoya Branch

19-1, Nishiki 2-chome, Naka-ku, Nagoya 460-0003 TEL : +81-52-202-5585

Tokyo Branch

1-1, Kyobashi 1-chome, Chuo-ku, Tokyo 104-0031 TEL : +81-3-3241-7015

Osaka Branch

4-7, Imabashi 4-chome, Chuo-ku, Osaka 541-0042 TEL : +81-6-6222-1251

YOKKAICHI（Head Oﬃce）
Mie Prefecture

NAGOYA
Aichi Prefecture

OSAKA（July 2016）
Number of branches by region
Mie

TOKYO

Aichi Tokyo Osaka Total

Branches

57

16

1

1

75

Corporate Business Oﬃces

24

14

1

1

40

Consumer Loan Promotion Oﬃces

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（July 2016）■Board of Directors
Chairman of the Board
Junji Tanehashi
President
Mitsunori Watanabe
Directors
Ichiro Takuno
Takashi Yamamoto
Hiroya Yamamoto
Kozo Isshiki
Shinji Kataoka
Nobuyoshi Fujiwara
Kenichi Matsui
Hiromi Mochii■Corporate Outline■Auditors
Motohiro Yamaguchi
Eiji Maegawa
Tsuneaki Furukawa
Yuji Ito
Sumie Yoshida（July 2016）

Date of Establishment
November 15, 1895
Head Office
7-8, Nishishinchi, Yokkaichi, Mie 510-0087 Japan
TEL : +81-59-353-3111 FAX : +81-59-355-8225
URL : http://www.miebank.co.jp
E-mail : kikaku@miebank.co.jp
Treasury Department
7-8, Nishishinchi, Yokkaichi, Mie 510-0087 Japan
TEL : +81-59-354-7151 FAX : +81-59-351-8892
SWIFT code : MIEB JP JT
Number of Employees 1,268
Stock Exchange Listing Tokyo Stock Exchange
Nagoya Stock Exchange
Capital ¥15,295 million
Number of Shares of Common Stock
Authorized 250,000 thousand
Issued and Outstanding 134,830 thousand
Number of Shareholders 6,681
Capital Adequacy Ratio(based on domestic standards) 9.10%（As of March 31, 2016）■Ratings
Japan Credit Rating Agency, Ltd. A（July 2016）