Slides
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First Quarter of FY2027 / 3 Financial Results Presentation Material ☑ Muninova
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Highlights 03-05 Consolidated Financial Results Summary AIFUL Financial Results Summary Group Companies Financial Results Summary Appendix 06-18 19-25 26-34 35-44 01 (Reference) Medium-Term Management Plan 2024 https://www.muninova.co.jp/ir/pdf/MPE2024.pdf 02 03 04 05
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Highlights 01
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① Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix [Consolidated] Earnings Highlights for FY2027/3 Q1 Personal Loan Business and Credit Guarantee Business Business-based Financial Business Credit Business ⚫ Core businesses performing well ⚫ Improvement in net profit due to change in the corporate classification for tax effect accounting (Classification 4→3) (¥ billion) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Total receivable outstanding 1,376.5 1,539.5 1,578.6 18.2% 14.7% 1,754.3 13.9% Operating revenue 51.6 214.6 57.3 24.0% 11.1% 238.6 11.1% Operating profit 7.2 34.1 9.8 23.9% 36.2% 41.3 21.1% Ordinary profit 6.7 35.5 9.7 23.3% 45.3% 42.0 18.2% Net profit attributable to owners of parent 4.0 27.1 10.4 32.8% 161.5% 32.0 18.0% Adjusted operating profit* 8.5 50.7 9.7 18.2% 15.0% 53.7 5.7% *Adjusted operating profit: (1) Operating profit + (2) (Credit cost + interest repayment-related expenses + Depreciation – Charge-offs) + M&A gains excluding consolidated items ((M&A Gains are calculated based on the acquired company's operating profit before goodwill amortization.)
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① Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix Topics Anshin Guarantor TOB ⚫ Tender offer for Anshin Guarantor Service Co., Ltd. successfully completed; scheduled to become a consolidated subsidiary ⚫ Expanding the Group's earnings base by incorporating the rent guarantee business AI Agent Award ⚫ Received the “AI Agent Award” at the GENIAC PRIZE ⚫ Significantly shortened the corporate loan screening process through AI agent- powered automation Hackathon Hosting Muninova Artist Award (AIFUL) ⚫ Fifteen winning works selected through a rigorous nationwide judging process ⚫ Exhibition at the Kyoto City Museum of Art Annex from August 29 to September 6, 2026 ⚫ Hosted the “aihack" hackathon for university students in Kyoto ⚫ Held the Group's first internal hackathon with participation from five Group SES companies and AG Solution Technology
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Consolidated Results Summary 02
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix [Consolidated] Financial Results Overview & Full-Year Plan (Balance & Revenue) (¥ billion) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Total receivable outstanding* 1,376.5 1,539.5 1,578.6 18.2% 14.7% 1,754.3 13.9% Loan business (Including overseas) 829.8 890.5 899.1 13.7% 8.4% 953.6 7.1% Credit business (Credit card / installment) 208.6 237.1 243.0 13.4% 16.5% 281.4 18.6% Credit guarantee business 308.5 380.5 404.4 24.6% 31.1% 477.6 25.5% Other 29.5 31.2 31.8 5.7% 7.7% 41.5 32.7% Operating revenue 51.6 214.6 57.3 24.0% 11.1% 238.6 11.1% Loan business (Interest on Operating Loans) 28.5 118.5 31.4 24.1% 10.0% 130.6 10.1% Credit business (Revenue from installment receivable) 7.7 33.3 8.5 23.1% 9.9% 37.0 11.0% Credit guarantee business (Credit guarantee income) 5.7 23.8 6.2 24.2% 8.8% 25.9 8.4% Other 9.5 38.8 11.1 24.7% 16.7% 45.0 15.7% * Progress rates indicate progress against the planned increase for the current fiscal year. The same applies to each business.
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 594.2 610.5 625.9 648.7 668.2 692.8 713.1 738.6 756.3 774.1 789.3 815.2 829.8 846.9 865.2 890.5 899.1 20.0 20.8 21.4 20.8 22.5 23.4 24.7 24.6 25.6 26.1 27.6 27.1 28.5 29.2 30.4 30.3 31.4 0.0 5.0 10.0 15.0 20.0 25.0 30.0 0.0 200.0 400.0 600.0 800.0 1,000.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/3 24/3 25/3 26/3 27/3 [¥ billion] [Consolidated] Loan Business (Outstanding & Revenue) Loan outstanding 899.1 billion （YoY +8.4％） Revenue 31.4 billion （YoY +10.0％）
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix [¥ billion] 121.3 126.5 137.4 142.8 148.0 154.7 166.3 173.7 179.6 188.0 200.2 203.3 208.6 218.0 230.7 237.1 243.0 5.3 5.5 6.1 6.1 6.2 6.5 6.9 6.5 7.0 7.4 7.7 7.8 7.7 8.0 8.7 8.7 8.5 0.0 1.0 2.0 3.0 4.0 5.0 6.0 7.0 8.0 9.0 30.0 80.0 130.0 180.0 230.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/3 24/3 25/3 26/3 27/3 [Consolidated] Credit Business (Outstanding & Revenue) Credit business outstanding 243.0 billion （YoY +16.5％） Revenue 8.5 billion （YoY +9.9％）
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 177.6 186.2 194.5 203.4 211.6 222.1 231.3 241.1 251.7 263.8 275.9 291.6 308.5 329.7 354.7 380.5 404.4 4.0 4.1 4.3 4.4 4.6 4.7 4.9 5.0 5.0 5.3 5.5 5.5 5.7 5.9 6.0 6.1 6.2 0.0 1.0 2.0 3.0 4.0 5.0 6.0 100.0 150.0 200.0 250.0 300.0 350.0 400.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/3 24/3 25/3 26/3 27/3 [Consolidated] Credit Guarantee Business (Outstanding & Revenue) [¥ billion] Credit guarantee outstanding 404.4 billion （YoY+ 31.1％） Revenue 6.2 billion （YoY+ 8.8％）
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix Ordinary profit 9.7 billion （YoY +45.3％） 6.7 5.9 5.6 6.1 3.4 3.7 8.9 5.8 3.9 5.8 10.0 7.0 6.7 9.7 11.7 7.3 9.7 0 2 4 6 8 10 12 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 23/3 24/3 25/3 26/3 27/3 [Consolidated] Ordinary Profit 22/6 Revision to doubtful accounts provisioning standards 24/3 Increase in credit cost due to COVID-19 [¥ billion]
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix (¥ billion yen) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Operating revenue 51.6 214.6 57.3 24.0% 11.1% 238.6 11.1% Operating expenses 44.3 180.5 47.4 24.1% 7.0% 197.2 9.2% Financial expenses 2.8 12.4 3.9 22.3% 36.8% 17.7 42.0% Credit cost 15.5 59.1 15.8 26.0% 1.6% 60.9 3.0% Expenses for interest repayment - - - - - - - Advertising expenses 4.5 19.2 4.9 24.8% 9.0% 20.1 4.5% Personnel expenses 5.8 23.0 5.9 24.3% 1.9% 24.6 6.6% Other Expenses (Comission fee, sales promotion cost, etc.) 15.4 66.6 16.7 22.7% 8.1% 73.7 10.5% Operating profit 7.2 34.1 9.8 23.9% 36.2% 41.3 21.1% Ordinary profit 6.7 35.5 9.7 23.3% 45.3% 42.0 18.2% Extraordinary losses 0.1 0.9 0 - -61.0% - - Profit attributable to owners of parent 4.0 27.1 10.4 32.8% 161.5% 32.0 18.0% [Consolidated] Financial Results Overview & Full-Year Plan (Expenses & Profit) *¹ System related matters and phishing scam incidents etc. *² AIRA&AIFUL business restructuring cots (fixed costs reduction, etc.), losses arising from impersonation fraud incidents, and allowance for loans to subsidiaries *2*1
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix Q1 FY26/3 Operating profit 7.2bn Operating revenue +5.7bn Total outstanding growth AIFUL +2.8bn AG BUSINESS SUPPORT +0.6bn AG Payment Service +0.5bn LIFECARD +0.4bn FPC +0.5bn A&A +0.2bn Advertising expenses +0.4 bn Increased Customer Acquisition Efforts Financial expenses +1.0bn Increase in borrowing amount Rise in Funding rate Credit cost +0.2 bn Total outstanding growth Other +1.5 bn Commission fee +0.6bn Insurance claims +0.9bn Increase +5.7 bn Decrease -3.1 bn Q1 FY27/3 Operating profit 9.8bn [Consolidated] Operating Profit Variance Factors (FY2027/3 Q1, YoY)
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix [Consolidated] Interest Bearing Liabilities 404.7 485.7 556.5 615.7 660.9 45.0 80.0 110.0 120.0 140.0 149.8 143.9 150.5 140.5 138.5 12.0 17.4 14.0 8.0 0 100 200 300 400 500 600 700 800 900 1,000 23/3 24/3 25/3 26/3 Q1 27/3 Financail institutions etc. Bonds Liquidation CP 30.2％ Direct 69.8％ Indirect 611.5 bn 709.6 bn 834.4 bn 890.2 bn 947.5 bn [¥ billion]
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix ＣＣＣ ＢＢＢ+ Ａ- ＢＢＢ ＢＢ+ 2.31% 3.20% 2.77% 2.37% 1.87% 1.64% 1.45% 1.38% 1.22% 1.11% 1.10% 1.42% 1.69% 1.84% 0.21% 0.17% 0.10% 0.06% 0.07% 0.07% 0.07% 0.07% 0.07% 0.07% 0.26% 0.82% 1.27% 1.41% 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 26/3 Q1 27/3 Funding rate 3M TIBOR BOJ raised policy interest rate Credit Ratings JCR: A- Stable R&I: BBB+ Positive [Consolidated] Funding Rate Trends
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix Responding to Rising Funding Rates ⚫ ROA can be improved even amid finding rate hikes through loan balance growth and cost structure improvements. 1. Improved Credit Assessment Accuracy Expand lending through optimized credit controls 2. Control of Charge-off Rates Reduce credit-related costs through optimized collection activities 3. Cost Reduction and Productivity Improvement Improve the expense ratio through continuous efficiency initiatives Offsetting the impact of funding rate hikes through these three initiatives 4 Revenue yield 15.0%→15.0% Expense 6.5%→5.5%2.0%→3.0% Finance cost Credit cost 3.0%→2.5% 3.5% 1.0% 0.5%1.0% 4.0% Offsetting the Impact of Policy Rate Hikes through Expense Ratio Improvement to Drive Higher ROA Future ROA Current ROA 0.0% * ROA Image Initiatives to Enhance Profitability
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 7.3 4.5 2.6 1.7 0.2 5.5 3.3 1.9 1.2 0.1 2.9 1.6 1.3 0.8 0.7 2.2 1.3 1.0 0.7 0.6 0.0 0.5 1.0 1.5 2.0 2.5 3.0 0.0 5.0 10.0 15.0 20.0 25.0 30.0 23/3 24/3 25/3 26/3 Q1 27/3 Number of interest repayment claims Num of claims (Consolidated) Num of claims (AIFUL) Num of pending settlement (Consolidated) Num of pending settlment (AIFUL) 2.3 1.9 1.0 0.8 0.4 1.9 1.5 0.7 0.5 1.9 1.4 0.8 0.5 1.6 1.3 0.7 0.5 0 20 40 60 80 100 120 140 23/3 24/3 25/3 26/3 27/3 Withdraw amount (Consolidated) Q4 Q3 Q2 Q1 YoY 25.8% decrease 7.9 bn 6.2 bn 3.3 bn 2.4 bn [Consolidated] Trends in Interest Repayment 1.8 bn (thousands)
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❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix [Consolidated] Trends in Adjusted Operating Profit 23.7 21.0 25.3 34.1 41.3 8.8 19.8 16.2 16.6 12.4 0.00 10.00 20.00 30.00 40.00 50.00 60.00 23/3 24/3 25/3 26/3 27/3（E） Adjustment (1+2) Operating profit Indicators Showing Actual Profitability *Adjusted operating profit: Operating profit + (1) (Doubt-related expenses + Interest repayment expenses + Depreciation - Doubtful Loss) + (2) M&A profit excluding consolidated items (M&A profit is individual operating profit excluding goodwill amortization)) 32.6bn 40.9bn 41.6bn 50.7bn 53.7bn [¥ billion]
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AIFUL Results Summary 03
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix (¥ billion) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Total receivables outstanding 925.7 1,039.0 1,073.4 22.7% 15.9% 1,190.3 14.6% Loan Business 627.6 666.3 676.1 19.8% 7.7% 715.4 7.4% Credit Guarantee Business 280.7 353.1 377.5 24.5% 34.5% 452.5 28.1% N.of new customers (thousand ) (Unsecured loan) 78 299 72 24.5% -7.7% 295 -1.5% Loan Volume 79.1 308.7 76.2 - -3.7% - - New accounts 11.9 46.2 10.4 - -12.4% - - Existing accounts 67.2 262.5 65.7 - -2.2% - - Charge-offs 10.1 30.2 9.9 30.6% -1.8% 32.6 7.9% Charge-off rate 1.1% 2.9% 0.9% - -0.2Pt 2.7% -0.2Pt [AIFUL] Operating Results & Full-Year Plan
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix [AIFUL] Financial Summary & Full-Year Plan (¥ billion) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Operating revenue 29.2 121.7 32.0 24.1% 9.6% 132.7 9.0% Interest on operating loans 22.8 94.7 24.9 24.0% 9.2% 103.9 9.6% Revenue from credit guarantee 4.4 18.7 5.0 24.0% 14.2% 21.2 13.1% Gains on transfer of receivable - 0.6 - - - - - Other operating Revenue 1.9 7.5 1.9 26.7% 3.2% 7.5 -8.8% Operating expenses 24.5 96.3 25.5 25.7% 4.1% 99.7 3.5% Financial expenses 2.2 10.0 3.1 27.5% 35.1% 11.3 11.9% Credit cost 10.0 36.8 10.1 27.1% 0.5% 37.3 1.2% Advertising expenses 3.6 15.0 4.1 27.0% 12.7% 15.4 2.6% Personnel expenses 3.1 12.7 3.2 24.1% 1.0% 13.3 4.5% Other expenses 5.3 21.6 4.9 22.5% -6.5% 22.2 2.6% Operating profit 4.6 25.4 6.4 19.5% 38.7% 33.0 29.8% Ordinary profit 5.7 30.9 7.3 21.1% 28.7% 34.9 12.8% Extraordinary gains - - 1.2 100.0% - 1.2 - Extraordinary losses 0 3.0 0 - - - - Profit 4.0 23.1 9.6 31.7% 139.9% 30.5 32.0% *¹ An allowance and partial debt forgiveness for loans to subsidiaries, and losses arising from impersonation fraud, etc. *² Reversal of allowance for doubtful accounts due to transferring subsidiary loans to Muninova *1 *2
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix Q1 FY26/3 Operating profit 4.6bn Operating revenue +2.8bn Increase in Total receivables outstanding Advertising expenses +0.4bn Increased Customer Acquisition Efforts Financial expenses +0.8bn Increase in funding amount Rising interest rates Other operating expenses -0.2bn Depreciation expense -0.2bn Rent expenses and rents -0.2bn Commission fee +0.1bn Increase +3.0 bn Decrease -1.2 bn Q1 FY27/3 Operating profit 6.4bn [AIFUL] Operating Profit Variance Factors (FY2027/03 Q1, YoY)
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix [AIFUL] Unsecured Loan Business / New Accounts 63 60 67 82 83 86 71 66 85 79 74 78 78 74 76 70 72 51 53 51 51 50 49 41 40 43 47 48 53 48 47 47 59 58 0 20 40 60 80 100 120 0 10 20 30 40 50 60 70 80 90 100 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 23/3 24/3 25/3 26/3 27/3 3M CPA (¥ thousand) 3M new accounts (thousand) Controlled acquisition pace ⚫ New customer acquisition at 24.4% of the full-year plan, slightly below target ⚫ Loan applications remain among the industry's highest; working to improve the approval rate through optimized credit screening controls
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 183.5 200.7 215.2 217.1 56.2 69.7 82.5 84.5 1.2 20.3 80.3 100.2 250 254 259 258 200 210 220 230 240 250 260 40.0 90.0 140.0 190.0 240.0 290.0 340.0 390.0 440.0 490.0 24/3 25/3 26/3 Q1 27/3 27/3(E) Individual Small business Real estate Other than financial instituitions 241.1bn 291.6bn Plan 477.6bn Tie-up banks at AIFUL (number) Credit guarantee outstanding 380.5bn 404.4bn [AIFUL/LIFECARD] Credit Guarantee Business / Trends in Outstanding ⚫ Guarantee balance expanded to over 400 billion yen, driven primarily by growth in real estate-secured loan guarantees ⚫ Continued stable growth in guarantee balance, supported by an expanded range of guarantee products
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 6.8bn 5.1bn 5.4bn 4.3bn 8.3bn 6.6bn 5.8bn 3.9bn 9.1bn 8.2bn 6.5bn 4.3bn 10.1bn 7.4bn 7.1bn 5.4bn 9.9bn 1.0% 0.7% 0.8% 0.6% 1.1% 0.8% 0.7% 0.5% 1.0% 0.9% 0.7% 0.5% 1.1% 0.8% 0.7% 0.4% 0.9% 0.0% 0.5% 1.0% 1.5% 2.0% 2.5% 3.0% 0.0 2.0 4.0 6.0 8.0 10.0 12.0 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 23/3 24/3 25/3 26/3 27/3 Quarterly charge-offs Quaterly charge-off rate [AIFUL] Charge-offs ⚫ Annual charge-off rate expected to remain stable at a low level of around 3% ⚫ Quarterly charge-offs expected to gradually decline as collections progress toward the fiscal year-end Annual charge-off 2.9％ 3.2％ 3.1％ 3.2％
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Group Companies Financial Results 04
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix Group Companies Financial Results Summary Q1 27/3 Progress 27/3(E) （¥ million） AIFUL AG BUSINESS SUPPORT AG MEDICAL A＆A Total outstanding 1,073,418 126,750 25,108 39,023 Operating revenue 32,027 4,442 580 2,436 Operating profit 6,442 22 246 544 Ordinary profit 7,377 24 246 546 Profit 9,668 1,754 237 443 AIFUL AG BUSINESS SUPPORT AG MEDICAL A＆A 22.7% - 75.3% - 24.1% 23.9% 25.2% 24.9% 19.5% 4.5% 27.4% 108.9% 21.1% 4.8% 27.4% 109.2% 31.7% 159.5% 41.7% 127.8% AIFUL AG BUSINESS SUPPORT AG MEDICAL A＆A 1,190,300 139,300 25,500 40,500 132,700 18,600 2,300 9,800 33,000 500 900 500 34,900 500 900 500 30,500 1,100 570 300
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix Group Companies Financial Results Summary Q1 27/3 Progress （¥ million） LIFECARD AG Payment Service BitCash Transaction amount 703,900 *GMV 120,293 *Installment outstanding 12,927 *Card sales amount Operating revenue 10,480 2,839 1,136 Operating profit 857 755 244 Ordinary profit 931 756 259 Profit 815 542 164 LIFECARD AG Payment Service BitCash 24.3% 23.7% 23.3% 24.7% 21.7% 24.2% 214.5% 15.1% 27.1% 232.9% 15.1% 28.8% 203.8% 16.9% 27.4% LIFECARD AG Payment Service BitCash 2,894,700 146,300 55,500 42,500 13,100 4,700 400 5,000 900 400 5,000 900 400 3,200 600 27/3(E)
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix Operating profit AG BUSINESS SUPPORT (Small Business Loan, Secured Loan and Factoring) 1.7bn -0.03bn 0.7bn 1.3bn 0.5bn 2… 71.3bn 90.0bn 108.0bn 127.3bn 139.3bn 0.04bn 0.3bn 1.2bn 2.3bn 3.8bn 2.7% 3.4% 4.1% 4.9% 6.4% 0.0% 2.0% 4.0% 6.0% 8.0% 10.0% 12.0% 14.0% 16.0% 18.0% 20.0% 0.0 20.0 40.0 60.0 80.0 100.0 120.0 140.0 160.0 180.0 200.0 23/3 24/3 25/3 26/3 27/3(E) Operating loan Factored receivables Charge-off rate (¥ milion) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Total receivable outstanding 111,301 127,314 126,750 - 13.9% 139,300 9.4% N. of new loan accounts 2,486 10,063 2,379 26.4% -4.3% 9,000 - N. of loan accounts (thousands) 40 44 43 - 7.7% - - Operating revenue 3,744 16,031 4,442 23.9% 18.6% 18,600 16.0% Loan (Including receivables securitization) 2,309 13,262 3,571 - 54.7% - - Other (Factoring, etc.) 429 2,769 870 - 102.8% - - Operating profit 519 1,350 22 4.5% -95.7% 500 -63.0% Ordinary profit 519 1,350 24 4.8% -95.4% 500 -63.0% Profit 246 809 1,754 159.5% 611.0% 1,100 35.8% ⚫ Revenue remained solid, while credit costs increased due to the write-off of receivables with potential future exposure, which is expected to continue through FY28/3. ⚫ The increase in net profit was attributable to an extraordinary gain on the transfer of shares within the Group
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 0.1 bn 0.2 bn 0.2 bn 0.8 bn 0.9 bn 0億 0億 0億 1億 1億 1億 2… (¥ million) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Total receivable outstanding 22,128 23,913 25,108 75.3% 13.5% 25,500 6.6% Number of new cases acquired (cases) 100 431 85 21.2% -15.0% 400 - Number of accounts (cases) 1,296 1,472 1,501 - 15.8% - - Operating revenue 501 2,111 580 25.2% 15.7% 2,300 8.9% Operating profit 151 811 246 27.4% 62.5% 900 11.0% Ordinary profit 151 811 246 27.4% 62.5% 900 11.0% Profit 105 563 237 41.7% 126.1% 570 1.1% ⚫ Business performance remained solid, supported by strong repeat borrowing from existing customers AG MEDICAL (Medical Fee Secured Loan) Operating profit 12.7bn 18.5bn 21.7bn 23.9bn 25.5bn 1.2% 0.7% 1.5% 1.5% 1.5% 0 23/3 24/3 25/3 26/3 27/3(E) Loan outstanding Charge-off rate
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 795.7 934.0 1,053.9 1,121.7 1,264.3 711.4 739.9 770.3 803.2 857.2177.4 225.4 218.3 301.6 721.2 45.4 42.2 41.2 46.5 51.8 2.1% 2.3% 2.5% 2.4% 2.3% 0.5% 2.5% 4.5% 6.5% 8.5% 10.5% 12.5% 14.5% 0 500 1,000 1,500 2,000 2,500 3,000 3,500 4,000 23/3 24/3 25/3 26/3 27/3(E) Acquiring transaction volume Shopping volume BIN sponsor settlement volume Others Charge-off rate 1,730.2bn 1,941.8bn 2,084.0bnGMV 2,273.1bn 2,894.7bn 1.2bn 0.8bn 0.5bn 0.5bn 0.4bn 2.7bn 3.3bn 3.0bn 3.0bn 2.7bn Operating profit Advertising-related costs * ⚫ GMV continued to grow steadily ⚫ Credit costs decreased following a revision to the methodology for calculating the allowance for doubtful accounts, but are expected to remain in line with the full-year plan LIFECARD (Credit business) * Total of advertising expenses and related sales promotion expenses (¥ million) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY GMV (¥ billion) 538.7 2,273.1 703.9 24.3% 30.7% 2,894.7 27.3% Revolving/Installment outstanding (¥ billion) 57.0 59.6 61.0 - 7.0% - - N. of new card issuarance (thousand) 104 476 120 - 16 - - N. of active proper cardholder(thousand) 561 563 556 - -5 - - Operating revenue 10,047 40,297 10,480 24.7% 4.3% 42,500 5.5% Operating profit 265 568 857 214.5% 223.5% 400 -29.6% Ordinary profit 300 779 931 232.9% 210.1% 400 -48.7% Profit -109 123 815 203.8% - 400 224.4%
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 35.4bn 61.9bn 87.6bn 112.2bn 146.3bn 0.6% 1.7% 1.7% 1.9% 1.9% 0% 1% 2% 3% 4% 5% 6% 7% 0 650 1300 1950 23/3 24/3 25/3 26/3 27/3(E) Installment receivables Charge-off rate(installment sales receivables) -0.2bn -0.06bn 1.8bn 3.2bn 5.0bn Operating profit (¥ million) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Installment receivable 95,019 112,225 120,293 23.7% 26.6% 146,300 30.4% N. of affiliated merchants 3,456 3,116 3,114 - -342 - - Operating revenue 2,242 10,048 2,839 21.7% 26.6% 13,100 30.4% Operating profit 491 3,261 755 15.1% 53.7% 5,000 53.3% Ordinary profit 491 3,264 756 15.1% 53.9% 5,000 53.1% Profit 367 2,349 542 16.9% 47.7% 3,200 36.2% ⚫ Expanding partnerships with major merchants and entering new business sectors AG Payment Service (Installment receivables & BNPL) In January 2024, AG Guarantee merged with AG Mirai Barai. Past results are shown on a combined basis.
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 60.7bn 51.9bn 45.1bn 43.8bn 44.8 10.7 0 23/3 24/3 25/3 26/3 27/3（E） Card sales amount (BitCash) Card sales amount (WebMoney) ⚫ Began initiatives related to the WebMoney business succeeded through an absorption-type company split ⚫ Profit in FY3/27 is expected to temporarily decline due to a change in the timing of recognizing breakage income on 10-year products, with recognition beginning in FY3/28 BitCash (Prepaid Electronic Money) 1.8bn 1.7bn 1.2bn 1.2bn 0.9bn 0 2 ― Operating profit 55.5bn (¥ million) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY N. of affiliated Merchants 1,327 1,350 1,356 - 29 - - Card Sales Amount 11,111 43,888 12,927 23.3% 16.3% 55,500 26.5% Transaction amount 11,118 44,219 13,192 23.8% 18.7% 55,400 25.3% Operating revenue 1,066 4,190 1,136 24.2% 6.6% 4,700 12.2% Fee income 952 3,717 1,061 - 11.5% - - Operating profit 314 1,200 244 27.1% -22.4% 900 -25.0% Ordinary profit 318 1,214 259 28.8% -18.6% 900 -25.9% Profit 204 769 164 27.4% -19.7% 600 -22.0%
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summary ❺ Appendix 0.1bn -1.3bn -1.1bn 0.1bn 0.5bn -80 -70 -60 -50 -40 -30 -20 -10 0 10 2… 29.3bn 35.5bn 39.8bn 40.4bn 40.5bn 8.0% 6.8% 15.4% 12.9% 14.7% 23/3 24/3 25/3 26/3 27/3(E) Loan outstanding Charge-off rate ⚫ New customer acquisitions continued to increase steadily under appropriate risk controls ⚫ Collections remained solid, with the charge-off rate stabilizing at a low level [Overseas] AIRA&AIFUL (Personal Loan / Kingdom of Thailand) ¥4.40 ¥4.97 4.86 - +0.46 ¥4.97 0.00 ¥4.49 ¥4.56 4.97 - +0.48 ¥5.00 0.44 Exchange rate (BS) (PL) *Fiscal period of A&A is from January to December. Operating profit (¥ million/ million THB) Q1 26/3 FY 26/3 Q1 27/3 Progress YoY FY 27/3(E) YoY Loan outstanding 37,200 (8,454) 40,460 (8,140) 39,023 （8,029) - (-) 4.9% (-5.0%) 40,500 (8,100) 0.1% (-0.5%) N. of new accounts 4,672 21,783 6,653 19.0% 42.4% 35,000 - N. of employees 361 357 365 - - - - N. of branches 20 20 20 - - - - Operating revenue 2,223 (495) 9,115 (1,999) 2,436 （490) 24.9% (25.8%) 9.6% (-1.0%) 9,800 (1,900) 7.5% (-5.0%) Operating profit -248 (-55) 173 (37) 544 (109) 108.9% (109.6%) - (-) 500 (100) 188.7% (163.3%) Ordinary profit -246 （-55) 177 (38) 546 (109) 109.2% (109.9%) - (-) 500 (100) 182.0% (157.2%) Profit -218 (-48) 130 (28) 443 (89) 127.8% (127.5%) - (-) 300 (70) 129.4% (144.1%)
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Appendix 05
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summay ❺ Appendix Improving ROE • Creating new profit sources • Business Portfolio transformation • Reducing fixed costs (streamlining branch network and optimizing workforce structure) • Reducing external IT outsourcing costs through in-house system development • Growth investment and balance expansion in loan/guarantee businesses • Expansion of fee-based businesses • Maintain an appropriate equity ratio • Strengthen shareholder returns Initiatives to Enhance Corporate Value z Aiming to improve both ROE and PER by successfully executing the various initiatives outlined in our medium - term management plan. Improving PER (1) Enhancing profitability (2) Cost Control (3) Optimizing of Capital Structure (4) M&A Enhancing Corporate Value (Improving PBR) • Proactive dialogue with shareholders & investors • Enhance IR activities (5) Strengthening Engagement with Capital Markets
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summay ❺ Appendix Domestic / Overseas M&A Target ✓ Non-bank area in general ・Loan & guarantee business ・Payment business ・Other financial business areas ✓ High affinity to existing businesses ・SES Business ・Real estate-related business ・Other businesses with high affinity ⚫ Businesses with high affinity, where value enhancement through roll-ups, etc., is expected ⚫ Companies where the Group's know-how can be utilized, mainly in financial businesses M&A Targets
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summay ❺ Appendix Shareholder Returns ¥1 ¥1 ¥1 ¥12 ¥20 0 10 20 30 23/3 24/3 25/3 26/3 27/3(E) 2.2% 2.1% 11.0% 21.2% 29.9% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% Total payout ratio: approx.30% Determined while considering the balance between shareholder returns and risk-appropriate equity levels (Interim ¥6 yen/Year end ¥6) (Year end ¥20) Total Payout Amount Total Payout Ratio Dividend per Share 0 50 100 150 23/3 24/3 25/3 26/3 27/3(E) ¥9,500MM ¥5,700MM ¥480MM¥480MM ¥2,400MM (Share Acquisition)
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summay ❺ Appendix 13.1 65.4 138.1 141.5 143.0bn 136.0 89.0 49.8 40.9 36.5 37.8 32.5 25.3 14.3 16.0 13.0 9.1 7.9 6.2 3.3 2.4 1.8bn 06/3 07/3 08/3 09/3 10/3 11/3 12/3 13/3 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 26/3 27/3(E) 0 200 400 600 800 1,000 1,200 1,400 ■ Total of interest repayment + waiver of principal Turnaround ADR Full enforcement of the Money Lending Business Act Supreme Court Decision on Interest Repayment Claims Declined 98% from peak Trends of Interest Repayment (Consolidated) (¥ billion)
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summay ❺ Appendix 4.5 2.9 2.4 2.1 2.1 2.1 2.2 2.3 2.4 2.5 2.6 2.5 2.6 2.7 2.6 2.7 3.0 4.8 3.7 2.9 2.5 2.0 1.9 1.8 1.8 1.7 1.7 1.7 1.4 1.3 1.3 1.6 1.7 1.7 3.9 3.8 3.9 4.1 4.7 5.2 5.7 6.2 6.4 6.3 6.1 5.5 5.3 5.3 5.5 5.6 5.8 0 5 10 15 20 10/3 11/3 12/3 13/3 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 26/3 Financial Institutions Credit Card Consumer Finance （¥ trillion） 8.7 15.5 10.4 9.2 8.7 9.2 9.7 10.3 10.5 10.5 10.4 9.4 9.2 9.3 9.7 10.0 10.6 Revision of the Money Lending Business Act and the interest repayment issue Market recovery driven by bank card loans Contraction due to the spread of COVID-19 Unsecured Loan Market *Source: Consumer finance and Credit card companies: Statistics by the Japan Financial Association. Financial institutions : Statistic by The Bank of Japan. (Consumer loan outstanding at domestic banks and credit unions) *July 2023: Consumer finance company with balance of about 300 billion yen shifted to credit card. *
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summay ❺ Appendix 16.8 12.1 11.5 11.2 11.2 11.1 8.4 8.2 7.1 7.9 8.7 8.7 9.8 10.8 10.8 12.3 12.6 0 5 10 15 20 09/3 10/3 11/3 12/3 13/3 14/3 15/3 16/3 17/3 18/3 19/3 20/3 21/3 22/3 23/3 24/3 25/3 （¥ trillion） The revision of the Money Lending Business Act Launch of "Zero -Zero Loans" (interest -free and collateral -free) as a COVID -19 business support measure Business Loan Market Source: Financial Services Agency
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summay ❺ Appendix 38 41 42 46 50 54 58 67 73 74 81 94 106 117 135 1 1 1 1 1 1 1 1 2 2 3 3 4 4 6 2 2 3 4 5 5 5 5 6 6 6 6 6 6 6 1 3 5 8 11 14 17 14.1% 15.1% 15.3% 16.9% 18.2% 20.0% 21.3% 24.1% 26.8% 29.7% 32.5% 36.0% 39.3% 42.8% 58.0% -30% -20% -10% 0% 10% 20% 30% 40% 50% 60% 0 20 40 60 80 100 120 140 160 180 200 12/12 13/12 14/12 15/12 16/12 17/12 18/12 19/12 20/12 20/12 21/12 22/12 23/12 24/12 25/12 QR code E-money Debit card Credit card Payment ratio （¥ trillion） *Source: Ministry of Economy, Trade and Industry 141 40 44 46 51 55 60 65 74 82 86 95 127 111 163 Cashless Payment Market
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❷ 連結決算概況❶ Highlights ❷ Consolidated Results Summary ❸ AIFUL Results Summary ❹ Group Company Results Summay ❺ Appendix Muninova Group's Business Leaseback/Rent Guarantee Loan/Credit Guarantee Crowdfunding Small Business Loans Venture Capital Small -amount , short -term insurance Credit/Electronic Payment Debt Collection System Engineering Services (Intermediate Holding Company) Individual Credit Purchase Intermediaries / BNPL Restructuring Overseas (Kingdom of Thailand) (Republic of Indonesia) (Republic of the Philippines)
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－Disclaimer－ The figures contained in this presentation material with respect to the Group’s plans and strategies and other statements that are not historical facts are forward-looking statements about the future performance of the Group which are based on management’s assumptions and belief in light of the information currently available to it and involve risks and uncertainties. Therefore, actual results may differ from those in the forward-looking statements due to various factors. This English-translated presentation material was prepared solely for the convenience of English-speaking investors. If any discrepancies exist, the original Japanese version always prevails. The Group shall not be liable for any loss or damages arising from translation.