YMFG Consolidated Financial Statements
CONSOLIDATED BALANCE SHEETSMarch 31, 2014 and 2013
Millions of yen2014

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 and 7)
Foreign exchanges
Other assets
Tangible ﬁxed assets (Notes 10, 15 and 18)
Intangible ﬁxed assets (Note 18)
Net deﬁned beneﬁt asset
Deferred tax assets (Note 19)
Customers’ liabilities for acceptances and guarantees (Note 16)
Allowance for loan losses
Total assets¥¥

915,056
315,198
8,869
5,753
49,996
2,071,990
5,964,133
15,497
171,199
89,34828,09822,882
15,63948,079(86,693)
9,635,044

Millions of yen
2013

¥¥

Thousands of
U.S. dollars (Note 1)
2014

347,076
649,843
7,663
9,232
55,4892,144,382
5,811,966
12,739191,081
90,00938,932—
22,37144,605(98,152)
9,327,236$

8,890,944
3,062,553
86,17455,898
485,775
20,132,044
57,949,213
150,573
1,663,420
868,131
273,008
222,328
151,953
467,149(842,334)$ 93,616,829

8,453,058
42,9904,330
2,962
29,236469
95,000—113,995
2,912
1,114
—
22
85
1,086
75
4
932
12,93844,6058,805,813
50,00079,628332,868(2,731)
459,765
34,498(446)
23,333—57,385249
4,024
521,423
9,327,236$ 85,162,903
766,586
128,925
30,976289,2442,789
437,233
300,000
735,718
30,052—43,519272
602
10,766651
68
18,626
123,105467,149
88,549,184
485,814583,5993,509,775(103,906)
4,475,282
356,646(3,420)221,969(33,667)
541,528
4,188
46,647
5,067,645$ 93,616,829

LIABILITIES AND NET ASSETS
Liabilities

Net Assets(Notes 20and 21)

See accompanying notes.

24

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 12)
Foreign exchanges
Bonds payable (Notes 4 and 13)
Bonds with warrants
Other liabilitiesProvision for bonuses
Provision for retirement beneﬁts (Note 14)
Net deﬁned beneﬁt liability
Provision for directors’ retirement beneﬁts
Provision for loss on interest repayments
Provision for reimbursement of deposits
Provision for customers point services
Reserves under special laws
Deferred tax liabilities (Note 19)
Deferred tax liabilities for land revaluation (Notes 15 and 19)
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
Deferred losses on hedges
Revaluation reserve for land (Note 15)
Remeasurements of deﬁned beneﬁt plans
Total accumulated other comprehensive income
Stock options
Minority interests
Total net assets
Total liabilities and net assets¥¥

8,764,966
78,897
13,2693,188
29,769287
45,00030,87675,720
3,093
—
4,479
28
62
1,108
67
7
1,917
12,67048,079
9,113,482
50,00060,064361,226(10,694)
460,596
36,706(352)
22,845(3,465)55,734431
4,801
521,562
9,635,044¥¥

CONSOLIDATED STATEMENTS OF INCOME

Years ended March 31, 2014 and 2013
Millions of yen2014

IncomeInterest income:Interest on loans and discounts
Interest and dividends on securities
Other interest income
Trust fees
Fees and commissions
Trading income
Other ordinary income
Recoveries of written-oﬀ claims
Other income
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
Impairment losses (Note 11)
Other expenses (Note 17)
Total expenses
Income before income taxes
Income taxes (Note 19):
Current
DeferredIncome before minority interests
Minority interests in income
Net income¥¥¥¥

84,402
17,4731,621
122,411
1,572
26,51621
4,435
158,452

Thousands of
U.S. dollars (Note 1)
2014$

781,743
207,190
11,572
10
239,837
22,639111,359204
190,565
1,565,119

7,606
525
581
287
7,331
—
5,321
87,28846
2,512
111,497
49,585

7,891
447
777
294
7,552
4
2,546
89,693
179
5,109
114,492
43,96073,902
5,101
5,645
2,789
71,230—51,700848,115447
24,4081,083,337
481,782

9,908
7,663
32,014778
31,236

8,068
8,151
27,741
508
27,233

96,26974,456
311,057
7,559
303,498¥Yen
2014

Amounts per share of common stock:
Net income (Note 27)

80,457
21,3241,191
124,6842,330
11,461
21
19,613161,082

Millions of yen
2013

120.66

Yen
2013

¥

102.48$

U.S. dollars (Note 1)
2014

$

1.17

See accompanying notes.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME Years ended March 31, 2014 and 2013
Millions of yen
2014

Income before minority interests
Other comprehensive income (Note 24)
Unrealized gains (losses) on available-for-sale securities
Deferred gains (losses) on hedges
Share of other comprehensive income in aﬃliated companies accounted
for using equity method
Comprehensive income (Note 24)
Total comprehensive income attributable to owners of the parent
Total comprehensive income attributable to minority interests¥

32,014
2,302
2,204
94
4
34,31633,538
778

Millions of yen
2013¥

27,741
24,002
24,057(62)751,743
51,235508

Thousands ofU.S. dollars (Note 1)
2014$311,057
22,367
21,415913
39
333,424
325,865
7,559

See accompanying notes.

25

CONSOLIDATED STATEMENTS OF CHANGES IN NET ASSETS Years ended March 31, 2014 and 2013
Millions of yen
Shareholders’ Equity

Balance at 31st March 2012
Changes of items during the year
Dividend paid
Net income
Purchase of treasury stock
Disposal of treasury stockReversal of revaluation reserve
for landNet changes in terms other thanshareholders’ equity
Total changes of items during
the year
Balance at 31st March 2013
Changes of items during the year
Dividend paid
Net income
Purchase of treasury stock
Disposal of treasury stock
Retirement of treasury stockReversal of revaluation reservefor land
Net changes in terms other thanshareholders’ equity
Total changes of items during
the year
Balance at 31st March 2014

Retained
Earnings

Accumulated other comprehensive income

Unrealized
Total
Total
gains on Deferred Revaluation Remeasurements accumulated
Treasury
Shareholders’ available- losses on reserve forof definedotherStock
Equityhedgeslandbenefit plans comprehensive
for-salesecurities
incomeStockoptions

Minority
Interests

Total Net
AssetsCapitalStock

CapitalSurplus¥50,000¥ 79,796 ¥308,835¥ (3,333) ¥435,298(3,321)
27,233(3,321)
27,233(19)453(3,321)
27,233
(19)
453

121

121

(19)
621

(168)
121

¥10,436

24,062602¥(385) ¥23,454

(61)

¥—

¥33,505

¥ 85

(121)

—

23,880164¥3,517 ¥472,405

507

24,551—(168)

24,03324,46724,062

(61)

(121)

—

23,880164

507

49,01850,00079,628332,868(2,731) 459,765

34,498(446)

23,333—57,385249

4,024

521,423(3,366)
31,236(3,366)
31,236(27,972)445—(3,366)
31,236(27,972)
445
—488

488

(27,972)474
19,535(29)(19,535)488

2,208— (19,564) 28,358(7,963)831¥50,000 ¥ 60,064 ¥361,226 ¥(10,694) ¥460,596

2,208¥36,706

94(488)(3,465)(1,651)

182

94
(488)
(3,465)(1,651)¥(352) ¥22,845 ¥(3,465) ¥55,734

182
¥431

777

(692)

777
139
¥4,801 ¥521,562

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

Balance at 31st March 2013
Changes of items during the year
Dividend paid
Net income
Purchase of treasury stockDisposal of treasury stock
Retirement of treasury stockReversal of revaluation reservefor land
Net changes in terms other thanshareholders’ equity
Total changes of items during
the year
Balance at 31st March 2014
See accompanying notes.

26

Retained
Earnings

Accumulated other comprehensive income

Unrealized
Total
Total
gains on Deferred Revaluation Remeasurements accumulated
Treasury
Shareholders’ available- losses on reserve forof definedotherStock
Equityhedgeslandbenefit plans comprehensive
for-salesecurities
incomeCapitalStock

CapitalSurplus$485,814$773,688 $3,234,241 $ (26,535) $4,467,208(32,705)
303,498(271,784)
4,606
189,807(282)(189,807)
4,741$335,192$—$557,569$2,420Minority
Interests

Total Net
Assets$39,098 $5,066,295(32,705)
303,498(271,784)
4,324—(32,705)
303,498(271,784)
4,324
—

4,741

4,741
21,454—$485,814$(4,333) $226,710

Stock
options(190,089) 275,534(77,371)
8,074$583,599 $3,509,775 $(103,906) $4,475,282

21,454$356,646

913(4,741)913(4,741)$(3,420) $221,969(33,667)(16,041)

1,768(33,667)(16,041)$(33,667) $541,528

1,768$4,1887,549(6,724)

7,549
1,350
$46,647 $5,067,645

CONSOLIDATED STATEMENTS OF CASH FLOWS

Years ended March 31, 2014 and 2013
Millions of yen
2014

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 provision for retirement beneﬁts
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 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 gains from money held in trust
Net exchange gains
Net losses from disposition of ﬁxed assets
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 issuance and redemption of unsubordinated bonds payable
Interest received
Interest paid
Other, netSubtotal
Income taxes paid
Income taxes refunds
Net cash provided by 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
Net cash provided by (used in) investing activities

49,585
10,786
46
4,950
(31)
(11,459)
181—(11,476)
1,899
6(24)
22(8)
3(102,971)
8,998(13,646)(677)(8,479)203
3,479227(152,167)
278,468
33,440532(7,002)
333,440
35,906
8,939(2,758)(182)(30,000)
101,712(8,124)
13,295537,113(11,027)
18
526,104

Thousands of
U.S. dollars (Note 1)
2014

Millions of yen
2013¥

43,96010,913
179
4,950
(16)
(3,901)
13
25
—
—
3(16)
(179)
(2)
1
(103,496)
9,409(13,046)(522)(7,600)110(2,597)890(10,301)
265,470(127,365)(762)(1,171)(50,194)
23,717
2,684
(790)
233
—
106,616(8,748)(9,897)
128,570(8,736)
3,066
122,900$481,782
104,800
447
48,096(301)(111,339)
1,759—(111,504)
18,45158(233)214(78)29(1,000,496)
87,427(132,588)(6,578)(82,384)
1,972
33,8032,206(1,478,498)
2,705,674
324,913
5,169(68,033)
3,239,798
348,873
86,854(26,798)(1,768)(291,489)
988,263(78,935)
129,177
5,218,743(107,142)
175
5,111,776(2,758,575)
2,723,138
88,616(9,480)15,638(2,897)141(1,716)54,865(5,300,955)
5,165,197
104,581(6,810)24,879(2,046)266(1,835)(16,723)(26,803,099)
26,458,784
861,018(92,110)
151,943(28,149)
1,370(16,673)
533,084

Cash ﬂows from ﬁnancing activities:
Proceeds from issuance of bonds with warrants
Decrease in subordinated bonds payable
Dividends paid
Dividends paid to minority shareholders
Purchases of treasury stock
Proceeds from disposal of treasury stock
Net cash used in ﬁnancing activities

30,876(20,000)(3,366)(1)(27,972)445(20,018)——(3,321)
(1)
(19)
453
(2,888)300,000(194,326)(32,705)(10)(271,784)
4,324(194,501)

Eﬀect of exchange rate changes on cash and cash equivalents
Net change in cash and cash equivalents
Cash and cash equivalents at beginning of year
Cash and cash equivalents at end of year (Note 3)

28
560,979
313,226874,20533
103,322
209,906
313,228272
5,450,631
3,043,393
8,494,024

See accompanying notes.

¥¥$27