Mebuki Financial Group, Inc.

Financial Results

for the First Quarter of FY2023 (IR Presentation Material)

1 Financial Results for 1Q23 / Forecast for FY23

Highlights / Main Points of 1Q23 Financial Results

3-4

Ordinary Profit (Bank Total) / Profit from Customer Services

5-6

Loans / Impact of Rising Yen Interest Rates on Interests on Loans

7-8

Fees from Corporate Customers/ Customer Assets under Custody

9-11

Securities (Portfolio / Foreign currency bonds / Domestic bonds)

12-15

Credit Related Costs

16

Shareholder Returns / Capital Adequacy Ratio

17

Forecast for FY2023

18-20

2 Details of Financial Results for 1Q23

Loans/ Average Yield of Loans/ Net Interest Income

22-24

Deposits

25

Expenses ・OHR

26

Credit Related Costs / Non-performing Loans and Delinquent Loans

27

3 Progress of the Third Medium-Term Group Business Plan

Challenges to Expand Business Areas

29-31

Promoting DX

32-37

Initiatives for Sustainability / Decarbonization

38-42

Human Resources Management / Promoting Diversity

43-47

【Reference】 Basic Data of Ibaraki and Tochigi Prefectures

49-55

【Data】 Breakdown of Banking subsidiaries

57-61

*Unless otherwise mentioned, figures are based on banking subsidiaries (non consolidated-basis). *The number used for the year is based on western calendar.

1

1. Financial Results for the First Quarter of FY 2023 Forecast for FY 2023

2

Highlights

Results for 1Q23

Financial Results /

Details

Medium-term Plan /

Forecast

Sustainability

Results for 1Q23

YoY Change

Progress

Profit from customer services*1

11.0bn

+1.3bn

-

Securities Income

7.1bn

-6.2bn

-

Core net business income*2

（Banks' total）

18.2bn

-4.8bn

-

Credit related costs

-0.1bn

-0.3bn

-

Gains/losses on securities *3

2.5bn

+4.9bn

-

Net income attributable to owners of the

(Consolidated )

15.6bn

+0.2bn

39.0%

parent

  • Profit from customer services *1, the core business, maintained increasing trend mainly due to the increase of deference of interests between loans and deposits.
  • Credit related costs remained stable and net income attributable to owners of the parent increased from the previous year.
  • As for investments in securities, although securities income (interest margin) decreased due to an increase in foreign currencies funding cost, we reduced a portion of our securities portfolio and recorded a gain on the

sale of securities based on rising domestic stock market conditions, etc.

*1 Difference of interests between loans and deposits＋Fees from Customers＋Expenses（-） *2 Excluding gains/losses on cancellation of investment trusts and futures and options

*3 Gains/losses on "Bond transactions +Related to stocks+Cancellation of investment trusts + Futures and options"

Forecast for FY23 (announced on May 12, 2023)

Forecast for FY23

YoY Change

Net income attributable to owners of the

(Consolidated )

40.0bn

+7.8bn

parent

3

Main Points of １Q23 Financial Results

Financial Results /

Details

Medium-term Plan /

Forecast

Sustainability

(bn)

【Mebuki FG (Consolidated)】

Gross Business profit

Net interest income

(o/w Deference of interests betw een loans and deposits)

1Q23 Results

44.5

35.9

(28.1)

(bn)

YoY

Progress

Chg

6.8 -

-5.3-

(+1.9) -

【Joyo + Ashikaga (Non-consolidated)】

Gross business profit

Net interest income

(o/w Gains/losses on cancellation of investment trusts)(1)

Net interest income

(excl.Gains/losses on cancellation of investment trusts)

1Q23

YoY

Results

Progress

chg

42.6

+6.7

-

36.3

-5.6

-

(1.2)

(-1.3)

-

35.0

-4.2

Net fees and commissions

11.2

+0.3

-

Net trading income

0.1

-0.6

-

Net other business income

-2.8

12.5

-

Expenses

27.1

-0.0

-

Credit related cost

0.4

-0.1

-

Gains/losses related to stocks

4.6

-6.5

-

Ordinary profit

22.0

+0.3

38.4%

Extraordinary income/losses

0.0

-0.0

-

Net income attributable to owners of

15.6

+0.2

39.0%

the parent

1Q23

Results

YoY

Bank Total Net income (a)

14.9

+0.2

Group Companies Net income (b)

1.1

-0.2

Mebuki Lease

0.2

-0.0

Mebuki Securities

0.1

-0.1

Mebuki Credit Guarantee

0.5

-0.0

Mebuki Card

0.1

-0.0

Total of banking subsidiaries

0.0

+0.0

Consolidation Adjustment*1 （c）

-0.4

+0.2

Net income attributable to owners of

15.6

+0.2

the parent （a）+（b）+（c）

*1 Adjustments related to securities, etc.

(o/w Deference of interests between loans and deposits(2))

(27.8)

(+1.9)

-

(o/w Securities Income)

(7.1)

(-6.2)

-

Net fees and commissions(3)

9.0

-0.1

-

Net other business income

-2.7

+12.5

-

(o/w gains/losses on bond transactions) (4)

(-7.5)

(+8.3)

-

(o/w gains/losses on futures and options) (5)

(4.0)

(+4.5)

-

(o/w other income related to customers) (6)

(0.7)

(-0.3)

-

Expenses(7)

26.6

+0.1

-

Net business income

16.0

+6.6

-

(before general allowance for loan losses)

Core net business income

23.6

-1.7

-

(excl. gains/losses on cancellation of investment trusts)

22.3

-0.3

-

Core net business income

18.2

-4.8

-

(excl. gains/losses on cancellation of investment trusts and futures

and options)

Net transfer to general allowance for loan losses (8)

-

-

-

Net business income

16.0

+6.6

-

Net non-recurrent gains/losses

4.9

-6.3

-

(o/w Disposal of non-performing loans (9))

(-0.1)

(-0.3)

-

(o/w Gains/losses related to stocks, etc. (10))

(4.6)

(-6.5)

-

Ordinary profit

21.0

+0.3

38.2%

Extraordinary income/losses

0.0

-0.0

Net income

14.9

+0.2

38.8%

Profit from customer services (2)+(3)+(6)-(7)

11.0

+1.3

Credit related cost (8)+(9)

-0.1

-0.3

Gains/losses on securities (1)+(4)+(5)+(10)

2.5

+4.9

4

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Mebuki Financial Group Inc. published this content on 30 August 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 August 2023 05:27:10 UTC.