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Shizuoka Financial Group Summary of FY2026 1Q Financial Result August 2026 Xover 2.0 -Into the future together
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➢ Strong positive trend for net income, which rose JPY 10.2 bn YoY to JPY 32.7 bn (progress rate of 31.1%). Nonconsolidated core gross operating profits for Shizuoka Bank were up JPY 8.1 bn, centered on net interest income and fees and commissions. Replacement operations intended to improve the profitability and soundness of bonds held continued to proceed in accordance with initial plans. ➢ Based on favorable progress of financial results, BoJ policy interest rate hikes, and other factors, forecast consolidated net income has been revised upward to JPY 115.0 bn. Profits were bolstered by rising net interest income (up JPY 12.5 bn), centered on higher profits on JPY loans, and other factors. ➢ Consolidated ROE (based on net assets) is projected to improve to 9.1% (up 0.7 pt from initial forecast). ➢ Enhancing returns to shareholders based on improved profit levels and capital efficiency conditions. Planned dividends revised to JPY 108 per share, an increase of JPY 28 YoY (JPY 10 above the figure from initial forecast). Commencement of purchase of treasury stock announced (max.: JPY 30.0 bn,10 million shares). [Forecasts] Dividend payout ratio 49.6% (up 1.9 pt YoY), total payout ratio 75.5% (down 5.1 pt YoY) Key messages 2 FY2026 1Q Financial Results Upward revisions to performance forecasts Capital policies
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(Up for fifth consecutive period) Summary of FY2026 1Q financial results (consolidated) 3 FY2025 1Q FY2026 1Q YoY change Increase/ decrease Increase/ decrease (%) Core gross operating profit*1 54.6 64.5 +10.0 +18.2 Gross operating profit 54.2 42.3 -11.9 -21.9 Operating expenses (−) 26.7 28.4 +1.7 +6.4 Share of profit (loss) of entities accounted for using equity method 0.2 1.3 +1.0 +416.5 Net operating profit*2 27.8 15.1 -12.7 -45.8 Credit-related costs (−) 1.7 2.4 +0.7 +39.7 Gain (loss) on stocks 4.4 32.9 +28.6 +652.7 Ordinary profit 31.1 47.0 +15.9 +51.0 Extraordinary profit (loss) 0.3 -0.1 -0.4 - Net income before taxes 31.4 46.9 +15.5 +49.4 Total income taxes (−) 8.8 14.1 +5.3 +60.6 Net income*3 22.6 32.7 +10.2 +44.9 ROE (based on net assets) 7.7 10.5 +2.7 - Gross operating profit JPY 42.3 bn (Down for the first time in fourth periods) JPY 15.1 bn JPY 47.0 bn Net operating profit Ordinary profit Progress rate: 30.9% (Down for the first time in fourth periods) Progress rate: 31.1% *1 Core gross operating profit = gross operating profit – income related to JGBs and other bonds *2 Net operating profit = net operating profit for Shizuoka Bank (nonconsolidated) + consolidated ordinary profit - ordinary profit for Shizuoka Bank (nonconsolidated) *3 Net income attributable to owners of the parent JPY 32.7 bn (Up for seventh consecutive period)Net income Increase of JPY 10.2 bn in net income as core business earnings increased steadily, centered on net interest income, alongside strategic bonds replacement operations. Decrease of JPY 11.9 bn due to higher losses on sale of bonds (up JPY 22.7 bn YoY) associated with actions taken to replace low-profit bonds. Core gross operating profit was up JPY 10.0 bn YoY, with higher core business profits, centered on net interest income. Decrease of JPY 12.7 bn due to increase in operating expenses (+JPY 1.7 bn) and decrease in gross operating profits. Increase of JPY 15.9 bn due to increase in gains and losses on equities (+JPY 28.6 bn) associated with sale of shareholdings. Steady increased in core gross operating profit due to growth in core business earnings centered on net interest income, and net income increased YoY by JPY 10.2 bn.
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1.3 1.5 0.5 0.8 1.3 2.23.0 4.4 FY2025 1Q FY2026 1Q Ordinary profit of Shizuoka Financial Group subsidiaries (excluding Shizuoka Bank) Fees for customer referrals to the Bank Ordinary profit of Shizuoka Bank subsidiaries Results for major Group companies Shizuoka Bank, Nonconsolidated 4 FY2026 1Q YoY change Increase/ decrease Increase/ decrease (%) Core gross operating profit*1 59.4 +8.1 +15.8 Gross operating profit 37.1 -13.8 -27.0 Net interest income Fees and commissions Trading income Other operating profit (Income related to JGBs and other bonds) (Foreign exchange trading profit) 48.7 9.4 0.2 -21.2 (-22.3) (0.1) +6.4 +1.9 -0.3 -21.8 (-21.9) (-0.5) +15.0 +25.2 -62.9 - (-) (-84.9) Expenses (-) 24.7 +1.1 +4.7 Actual net operating profit*2 12.4 -14.9 -54.6 Provision for general allowance for loan losses (-) 0.3 +0.3 - Net operating profit 12.0 -15.2 -55.8 Nonrecurring profit and loss 32.1 +28.8 +856.7 Bad debt written-off (-) Gain (loss) on stocks 1.9 32.9 +0.4 +28.6 +23.8 +652.0 Ordinary profit 43.9 +13.4 +43.7 Extraordinary profit (loss) -0.1 -0.4 -121.3 Net income before taxes 43.9 +13.0 +42.1 Total income taxes (-) 12.9 +4.8 +59.4 Net income 31.0 +8.2 +36.0 Credit related costs (-) 2.2 +0.7 +46.1 (JPY bn, %) *1 Core gross operating profit = gross operating profit – income related to JGBs and other bonds *2 Actual net operating profit = net operating profit + provision for general allowance for loan losses Core gross operating profits grew sharply, excluding the decrease in income related to JGBs and other bonds associated with the replacement of JPY bonds. Steady growth in the customer assets revenues of Shizugin TM Securities, drove profit contributions of Group companies are growing steadily. Profit contributions of Group companies +1.4 1.8 (JPY bn) Main breakdown Shizuoka Bank subsidiaries Shizugin Credit Guaranty 1.1 (+0.2) Shizugin Card 0.2 (-0.0) Shizuoka Financial Group subsidiaries Shizugin TM Securities 1.3 (+0.7) Shizugin Lease 0.4 (-0.0) ShizuginManagement Consulting 0.1 (+0.1) Fees for customer referrals to the Bank Shizugin TM Securities 0.4 (+0.1) Shizugin Lease 0.2 (+0.1) ShizuginManagement Consulting 0.2 (+0.0) 3.0 Group company profits (not including Shizuoka Bank) Total for SFG subsidiaries (7 companies) Total for consolidated subsidiaries (17 companies) FY2026 1Q YoY change Ordinary profit 3.6 +1.1 Net income 2.4 +0.7 FY2026 1Q YoY change Ordinary profit 2.2 +0.9 Net income 1.5 +0.6 Shizugin TM Securities Steady growth in sales of Investment trust drove well - balanced growth in both sales commissions and stock based income (trust fees). 1.0 1.3 0.9 1.5 FY2025 1Q FY2026 1Q Sales commissions Stock based income ＋0.9 ＋0.6 ＋0.3 1.9 2.8 [Trends in sales commissions and stock based income] (JPY bn) * Each profit increased by JPY 0.2 bn YoY, due to ShizuginSaison Card and Tokyo Gas Lease were made newly consolidated subsidiaries
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784.2 859.0 5.18% 4.65% 0.00% 2.00% 4.00% 6.00% 8.00% FY2025 1Q FY2026 1Q Average balance Yields 9,944.9 10,392.8 1.24% 1.47% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% FY2025 1Q FY2026 1Q Average balance Yields +74.8 5 (JPY bn) FY2024 1Q FY2025 1Q FY2026 1Q YoY change Net interest income 36.9 42.4 48.7 +6.4 Domestic 33.1 37.9 44.2 +6.2 Interest on loans 24.0 30.9 38.3 +7.4 Interest and dividend on securities 9.8 11.6 14.6 +2.9 (Bonds) 2.9 3.5 5.6 +2.0 (Investment trusts) 0.3 0.6 0.8 +0.2 Funding costs (−) 1.4 6.3 10.9 +4.6 (Interest paid on deposits, etc.) (−) 0.6 5.1 9.4 +4.4 Other 0.6 1.6 2.1 +0.5 International 3.8 4.5 4.6 +0.1 Interest on loans 12.8 10.1 10.0 -0.2 Interest and dividend on securities 8.4 7.6 7.0 -0.6 (Bonds) 7.7 6.9 6.4 -0.5 (Investment trusts) 0.8 0.7 0.6 -0.2 Funding costs (−) 19.7 14.6 13.5 -1.1 (Interest paid on deposits, etc.) (−) 10.4 7.4 6.5 -0.9 Other 2.3 1.3 1.1 -0.2 Net interest income (Shizuoka Bank nonconsolidated) Breakdown of net interest income Domestic International Loan balance (average balance) Loan balance (average balance) Balance factors: +1.7; Interest rate factors: +5.7 Balance factors: -0.1; Forex factors: +0.9; Interest rate factors: -1.0 (JPY bn) (JPY bn) FY2025 1Q FY2026 1Q YoY change Yield on loans 1.24 1.47 +0.23 Yield on deposits, etc. 0.17 0.32 +0.14 Loan-deposit rate spread 1.06 1.15 +0.08 Yield on funds management 1.29 1.62 +0.32 Cost of fund raising 0.88 1.05 +0.17 Total margin 0.41 0.56 +0.15 Yields, interest margin Yields, interest margin FY2025 1Q FY2026 1Q YoY change Yield on loans 5.18 4.65 -0.53 Yield on deposits, etc. 3.58 3.06 -0.52 Loan-deposit rate spread 1.60 1.59 -0.00 Yield on funds management 4.28 3.89 -0.39 Cost of fund raising 3.41 3.06 -0.35 Total margin 0.86 0.82 -0.04 Steady growth in the domestic segment, due mainly to an increase in interest on loans with rising JPY interest rates, drove net interest income up by JPY 6.4 bn YoY overall. +447.9 (%) (%) 大澤済
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34.2 36.8 36.4 34.8 36.8 36.7 37.3 37.6 29.2 28.9 27.9 27.2 27.7 29.7 30.6 30.7 11.3 8.7 8.3 8.8 9.1 11.7 12.2 11.9 25.3 25.6 27.4 29.0 26.3 21.8 19.8 19.7 FY2007 FY2010 FY2013 FY2016 FY2019 FY2022 FY2025 May.2026 5,289.4 5,354.9 5,514.2 4,803.5 5,056.9 5,390.9 318.4 317.4 346.710,411.3 10,729.1 11,251.9 FY2024 1Q FY2025 1Q FY2026 1Q Shizuoka Prefecture Outside Shizuoka Prefecture Overseas branches +29.3 +334.0 +159.3 +522.8 -1.0 +253.4 +65.5 +317.8 Kanagawa Prefecture 1,596.0 1,736.0 1,958.2 (+222.2) Shizuoka + Kanagawa Prefectures 6,885.4 7,090.9 7,472.4 (+381.5) Loans (Shizuoka Bank nonconsolidated) (%) （+140.0） （+205.5） （+131.3） （+154.1） 6 FY2026 1Q YoY change Annual rate Total loan balance 11,251.9 +522.8 +4.8% Loan balance to SMEs 4,602.9 +243.9 +5.5% Loan balance to large and medium-sized enterprises 1,831.6 -32.7 -1.7% Retail loans 4,392.6 +291.8 +7.1% Loan balance in foreign currency 789.8 +71.0 +9.8% Loan balance (average balance) Balance factors: -7.4, Forex factors: +78.5 SMEs loan balance (average balance) (JPY bn) 4,247.4 4,359.0 4,602.9 2,334.4 2,396.6 2,521.6 FY2024 1Q FY2025 1Q FY2026 1Q Bank as a whole Shizuoka Prefecture +111.6 +62.2 +125.0 +243.9 (JPY bn) Loan balance (by segment) (JPY bn) Share of loans in Shizuoka Prefecture Shizuoka Bank Shinkin banks Megabanks Other regional banks The total loan balance (average balance) increased due to growth mainly in loans to SMEs and retail loans (+4.8% annual). 大澤済
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0.1 0.1 0.0 3.4 4.1 5.3 1.6 1.7 1.8 6.2 7.7 9.8 1.6 1.8 2.0 1.7 2.0 2.8 14.6 17.3 21.6 1.210% 1.372% 1.552% FY2024 1Q FY2025 1Q FY2026 1Q +2.7 Home loans 672.0 692.7 745.1 511.2 585.5 719.1 1,183.2 1,278.2 1,464.1 June 30,2024 June 30,2025 June 30,2026 Shizuoka Prefecture Outside Shizuoka Prefecture 1,735.6 1,743.3 1,762.9 1,033.2 1,163.1 1,356.8 2,768.8 2,906.5 3,119.7 June 30,2024 June 30,2025 June 30,2026 Shizuoka Prefecture Outside Shizuoka Prefecture 7 Average rate Home loans, apartment loans, and other (Shizuoka Bank nonconsolidated) Term-end balance Interest amounts, fees, and rates Home loan and apartment loan balances by region (term-end balances) Delinquency rate and occupancy rate 44.7 34.1 22.8 1,183.2 1,278.2 1,464.1 184.1 180.6 176.7 2,768.8 2,906.5 3,119.7 114.9 124.5 136.04,295.7 4,523.8 4,919.3 June 30,2024 June 30,2025 June 30,2026 +228.1 +137.7 +395.5 +213.2 Unsecured loans Home loans Loans for asset building Apartment loans Other (JPY bn) Unsecured loans Loans for asset building Home loans Loan-related fees and commissions Other (JPY bn) +4.3 (JPY bn) (JPY bn) Apartment loans +129.9 +7.7 December 31, 2022 December 31, 2023 December 31, 2024 Shizuoka Prefecture 94.0% 94.3％ 94.2％ Outside Shizuoka Prefecture 95.1% 95.4％ 94.8％ June 30, 2024 June 30, 2025 June 30, 2026 Home loans 0.12% 0.12％ 0.11％ Apartment loans 0.02% 0.02％ 0.03％ Loans for asset building 0.42% 0.09％ 0.07％ Delinquency rate (three months or longer) Rental property occupancy rate +193.7 +19.6 +137.7 +213.2 +74.3 +20.7 +133.6 +52.4 +95.0 +185.9 The balance of home loans, apartment loans, and other loans continued to grow. Loan-related revenues grew JPY 4.3 bn YoY, due to higher interest revenue generated by revisions to short-term prime rate and other factors. Apartment loans 大澤済
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Transition of Interest rates on loans (by size, corporate/individual) 0.82 0.87 0.88 0.93 1.06 1.16 1.21 1.31 1.31 1.34 1.54 1.60 1.40 1.51 1.52 1.54 1.76 1.79 1.33 1.39 1.50 1.49 1.52 1.56 Large and medium-sized enterprises Corporate overall SMEs Individual 1.08 1.32 1.40 0.60 0.91 1.17 0.77 1.26 1.41 Jun. 2025 Sept. Dec. Mar. 2026 Jun. Lending based on market interest rates (fixed, variable) 1M TIBOR 3M TIBOR 市場金利 基準 （連動） 市場金利基準 （固定） (%) Improving yields on yen loans Domestic loans and its interestInterest rate on loans (by rate format) [Loans at market rates] [Loans based on prime rate] 1.94 2.14 2.12 1.47 1.61 1.651.63 1.79 1.81 Jun. 2025 Sept. Dec. Mar. 2026 Jun. Corporate Individual Overall Loan balance in June 2026: JPY 10.5 tn Composition of yen loans Variable rate Corporate JPY 6.0 tn (57%) Of which, Large and medium- sized enterprises JPY 1.8 tn (17%) SMEs JPY 4.0 tn (39%) Public sector, etc. JPY 0.1 tn ( 1%) Individual JPY 4.5 tn (43%) 15% 23% 15% 34% 13% Market interest rate-based (variable) Prime rate- based Market Interest rate- based (fixed) Prime rate- based Other (fixed) Individual Corporate Fixed rate (duration 3.8 years) Mar. 2025 Jun. Sept. Dec. Mar. 2026 Jun. (%) (%) Short-term prime rate 2.125% → 2.375% → 2.625% (Mar. 2025) (Feb. 2026) 30.9 33.0 33.9 36.3 38.3 1.24 1.30 1.32 1.42 1.47 FY2025 1Q FY2025 2Q FY2025 3Q FY2025 4Q FY2026 1Q Interest on loans (JPY bn) Interest on loans (JPY bn) BoJ policy interest rate trends From January 2025 0.50％ From December 2025 0.75％ From June 2026 1.00％ For both corporate overall and Individual, yield on loans continue to upward trend. Overall yields on domestic loans continue to trend up. The yield on loans is expected to increase further with the application of the higher rate to home loans (since July 2026) and the additional short-term prime rate revision in August 2026. 大澤済 8
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34.8 35.2 35.4 37.6 38.1 38.4 38.4 36.0 34.9 34.4 35.8 35.6 35.3 34.7 11.0 10.6 11.3 10.3 10.7 11.1 11.8 18.1 19.1 18.7 16.0 15.5 15.0 14.8 FY2010 FY2013 FY2016 FY2019 FY2022 FY2025 May.2026 Continued growth in average balance of deposits at JPY 313.5 bn YoY (+2.5% annual), centered on corporate deposits. Deposits and other (Shizuoka Bank nonconsolidated) 9 Trends in deposits and other balances (average balance) (JPY bn) FY2026 1Q YoY change Annual rate Total deposits and other 12,571.3 +313.5 +2.5% Total deposits 12,396.1 +404.7 +3.3% Corporate deposits 3,381.9 +252.6 +8.0% Retail deposits 7,849.7 +155.7 +2.0% Public deposits 449.9 +51.1 +12.8% NCDs 175.2 -91.2 -34.2% Deposits and other balances (by region) (JPY bn) 10,158.6 10,185.2 10,361.3 1,344.9 1,335.8 1,576.2 489.1 470.5 458.6 175.7 266.3 175.2 12,168.3 12,257.8 12,571.3 FY2024 1Q FY2025 1Q FY2026 1Q Shizuoka Prefecture Outside Shizuoka Prefecture Overseas NCDs +176.1 +240.4 +313.5 +26.6 -9.1 +89.5 Interest pass-through rate, Loan deposit ratio / Security deposit ratio [Interest pass-through rate] FY2024 （actual） FY2025 （actual） FY2026 1Q （actual） Yield Pass-through rate Yield Pass-through rate Yield Pass-through rate JPY deposits, etc. 0.06% - 0.21% 46.2% 0.32% 47.3% Of which current 0.06% - 0.18% 36.6% 0.25% 35.0% Of which non-current 0.07% - 0.29% 69.2% 0.49% 76.7% [Loan deposit ratio / Security deposit ratio] Loan deposit ratio 87.2% 88.8% 89.5% Security deposit ratio 26.2% 24.2% 22.5% (%) Share in Shizuoka Prefecture Megabanks Shizuoka Bank Shinkin banks Other regional banks
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June 30, 2025 March 31, 2026 June 30, 2026 vs. March 31, 2026After hedging Gains and losses on revaluation of securities +244.8 +267.9 +310.2 +354.6 +42.3 Equities +384.9 +471.3 +511.7 +40.3 JPY bonds -130.7 -189.4 -193.1 -154.2 -3.7 Foreign bonds -37.4 -34.4 -33.0 -27.5 +1.4 Investment trusts +11.7 +17.3 +21.4 +4.1 Investment funds, etc. +16.2 +3.2* +3.2* +0.0 Gains and losses on revaluation of securities 233.6 241.2 244.0 359.1 358.4 383.6 (408.0) (375.5) (418.9) (193.6) (208.2) (235.6) 479.8 560.8 599.4 538.1 486.2 480.1 156.4 5.8 0.0 936.3 831.1 781.6 3,304.9 3,067.2 3,143.2 June 30, 2025 March 31, 2026 June 30, 2026 10 Gains and losses on equities 4.4 32.9 +28.6 Gains on sale 5.2 33.0 +27.7 Losses on sale and amortization (−) 0.9 0.0 -0.8 Income related to JGBs and other bonds -0.4 -22.3 -21.9 Gains on sale 1.0 1.9 +0.8 Losses on sale and redemption (−) 1.4 24.1 +22.7 (JPY bn) FY2025 1Q FY2026 1Q YoY change Interest and dividends on securities 19.3 21.6 +2.3 JPY bonds 3.5 5.6 +2.0 Foreign bonds 6.9 6.4 -0.5 Investment trusts (gains [losses] on cancellation) 1.3 (0.7) 1.4 (0.6) +0.0 (-0.2) (JPY bn) +76.0 583.7 654.5 June 30, 2025 March 31, 2026 June 30, 2026 JPY bonds 6.95 years 7.33 years 7.00 years Foreign bonds 1.71 years 2.99 years 2.94 years JPY bonds 0.69% 1.30% 1.47% Foreign bonds 4.44% 3.85% 4.00% 601.6 -49.5 -5.8 -6.1 +38.6 +70.8 +25.2 +2.8 Gains and losses on securitiesSecurities JGBs Municipal bonds Corporate bonds Equities Investment trusts Other Foreign bonds (fixed) Foreign bonds (variable) -237.7 -105.2 -150.6 -51.9 +81.0 -17.9 -0.7 +7.6 [Average holding period (excluding bonds hedged against interest rate fluctuations)] * Excluding futures [Yields on bonds (as of the end of each period)] (JPY bn) * Not recognized for gains and losses on unlisted stock Breakdown of bonds: Corporate bonds: 312.1 (Private placement bonds: 19.9) Financial institution bonds: 167.1 Corporate bonds held to maturity: 0.9 Securities (1) (Shizuoka Bank nonconsolidated) Implementing replacement operations to improve yields on the bonds portfolio as a whole, using gains on sale of equities from rising stock prices. Continue to restructure our portfolio to target profitability, premised on appropriate risk management in consideration of the interest rate trends.
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43.0% 18.7% 20.3% 7.1% 13.1% 7.0% 36.6% 15.6% 20.6% 11 Securities (2) (Shizuoka Bank nonconsolidated) ‒Progress on JPY bond replacement operations Through JPY bond replacement operations, we made strategic use of gains on sale of stock to steadily improve yields for the o verall bond portfolio. Implementing JPY bond replacement operations Structural changes to the yen portfolio Structural changes in bonds held (by yield) 4.1% Sales of low-yield bonds and stocks Purchase of JPY bonds Progress on and outlook for JPY bond replacement operations Sales are now complete for roughly 60% of the low-yield bonds and stocks initially expected to be sold As a result of exercising caution in making new purchases, the total purchase amount was limited to approximately 20% of the initial earmarks * Balances are based on acquisition costs (JPY bn) March 2026 (before replacement) June 2026 (actual) Change Balance* Yield Balance* Yield Balance* Yield JGBs 962.6 1.38% 919.4 1.54% -43.2 +0.16pt Municipal bonds 6.4 0.71% 0.0 - -6.4 - Public bonds 214.4 1.06% 204.8 1.55% -9.6 +0.49pt Corporate bonds, etc. 329.1 1.23% 330.7 1.23% +1.6 +0.00pt Total 1,512.5 1.30% 1,454.9 1.47% -57.6 +0.17pt Average holding period 7.33 years 7.00 years -0.33 years 0.5% or less More than 1.0% but no more than 2 .0% More than 2.0% Variable rate Improving profitability with the overall bond portfolio through steadily sales of low-yield bonds Rising stock prices (Balance of shareholdings: JPY bn) March 31, 2026 June 30, 2026 Change Nikkei Average (JPY) 51,063 70,062 +18,999 Balance of shareholdings 560.8 599.4 +38.6 (of which valuation gains/losses) (471.3) (511.7) (+40.3) Unrealized gains on shareholdings are on a rising trend FY2026 1Q market trends Asset management policies for FY2026 Q2 and beyond Stocks Continuing to reduce shareholdings in light of the stock prices conditions JPY bonds Sales Purchase Systematically shrinking low-yield bonds to decrease with using gains on sale of stock Purchase of JPY bonds at the right time to make the overall bond portfolio more profitable in light of recent interest rate conditions Stock prices increased further since the Start of Fiscal Year 2026 (JPY bn) Initial plans*1 June 30, 2026 (actual) vs. initial earmarks Balance sold Gain/loss on sale Balance sold Gain/loss on sale Balance sold Gain/loss on sale JPY bonds 193.7 -35.0 125.8 -21.5 -67.9 +13.5 Stocks*2 - +35.0 - +19.8 - -15.2 (JPY bn) Initial plans*1 June 30, 2026 (actual) vs. initial earmarks Balance of purchases Yields Balance of purchases Yields Balance of purchases Yields JPY bonds 243.4 2.97% 49.2 3.06% -194.2 +0.09pt *1 As of May 2026 *2 Balances are based on acquisition costs More than 0.5% but no more than 0 .75% More than 0.75% but no more than 1.0% 0.5% or less More than 1.0% but no more than 2 .0% More than 2.0% Variable rate More than 0.5% but no more than 0 .75% More than 0.75% but no more than 1.0% 6.7% 7.2%
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0.5 0.6 0.6 0.5 0.5 1.51.0 1.0 0.7 FY2024 1Q FY2025 1Q FY2026 1Q 115.5 142.6 232.0 1,050.5 1,024.6 1,122.1 732.1 759.2 979.0 1,898.0 1,926.5 2,333.1 June 30,2024 June 30,2025 June 30,2026 (JPY bn) Wholesale fee income Fees and commissions Retail Customer assets balance (term-end balance)Customer assets revenues +406.6 12 2.4 2.5 0.5 (0.2)* +0.8 3.3 Fees and commissions * Total ordinary profit for the following four companies: Shizugin Management Consulting, Shizugin Lease, SFG Marketing, and SFG Real Estate Investment Advisors (JPY bn) FY2024 1Q FY2025 1Q FY2026 1Q YoY change [Consolidated]Fees and commissions 13.3 12.8 16.5 +3.7*1 [ShizuokaBank nonconsolidated]Fees and commissions 8.1 7.5 9.4 +1.9 Fees and commissionsincome 9.8 9.9 11.7 +1.8 Fees and commissionsexpenses (-) 1.7 2.4 2.3 -0.1*2 *1 Including an increase of JPY 1.0 bn due to making Shizugin Saison Card and Tokyo Gas Lease consolidated subsidiary *2 Including a decrease of JPY 0.4 bn due to increased group trust dividends Major items Wholesale fee income 2.4 2.5 3.3 +0.8 Related to market credit investment 1.0 1.0 0.7 -0.3 Corporate lending (syndicated loans, etc.) 0.5 0.5 1.5 +1.0 Solutions-related (business matching, support for subsidies, etc.) 0.5 0.3 0.5 +0.2 Group company* wholesale fee income 0.5 0.6 0.6 -0.0 Other lending (home loan fee income, etc.) 1.7 1.8 2.5 +0.7 Fee income on customer assets 3.1 3.0 3.8 +0.8 Shizuoka Bank (insurance,investmenttrust) 1.1 1.1 1.0 -0.1 Shizugin TM Securities (investmenttrust) 2.0 1.9 2.8 +0.9 Forex fee income (revenues, expenditures) 1.3 1.4 1.6 +0.2 [Shizuoka Bank nonconsolidated] Trading income 0.3 0.4 0.2 -0.3 Corporate lending Related to market credit investment 0.3 Solutions-related (0.1)* Group company wholesale fee income (0.1)* 0.5 Profit contributions of Group companies (JPY bn) ■Shizugin TM Securities ■Annuities and insurance (Shizuoka Bank) ■Other (foreign currency deposits, investment trusts, public and corporate bonds) (Shizuoka Bank) (JPY bn) 0.3 0.4 0.4 0.7 0.7 0.5 0.9 1.0 1.4 1.2 0.9 1.5 3.1 3.0 3.8 39.9% 45.5% 47.5% FY2024 1Q FY2025 1Q FY2026 1Q Share of stock revenues Investment trust sales commission Investment trust stock revenues Insurance product sales commission Insurance product stock revenues +0.8 Revenues/balance on customer assets(Shizuoka Bank, Shizugin TM Securities) Corporate consulting income (Shizuoka Bank) * Figures in parentheses under solutions -related fees and commissions are fees and commissions paid by Group companies to Shizuoka Bank. Fees and commissions are trending favorably due mainly to wholesale fee income. Also on a consolidated basis remained in an increasing trend due to increases with fee income on customer assets of Shizugin TM Securities.
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2.2 2.3 2.7 8.1 8.5 8.9 12.5 12.8 13.1 22.8 23.6 24.7 50.3% 46.4% 66.6% FY2024 1Q FY2025 1Q FY2026 1Q Non-personnel expenses Personnel expenses (excluding nonrecurring personnel expenses*1) Tax OHR 2.2 2.3 2.8 10.9 11.6 12.5 12.3 12.8 13.1 25.5 26.7 28.5 51.9% 49.1% 67.0% FY2024 1Q FY2025 1Q FY2026 1Q Non-personnel expenses Personnel expenses (excluding nonrecurring personnel expenses*1) Tax OHR +1.8 Expenses +1.2 +0.8 13 +1.1 (43.9％)*2 (41.6％)*2 Key factors contributing to changes in expensesExpenses and OHR Consolidated Shizuoka Bank nonconsolidated Consolidated Shizuoka Bank nonconsolidated (JPY bn) (JPY bn) *1 Amortization of actuarial gains and losses in retirement benefit cost, and other *2 OHR based on core gross operating profit Change Main changes Non- personnel expenses +JPY0.4 bn IT-related expenses: +JPY 0.3 bn Increase in the number of consolidated subsidiaries*: +JPY 0.5 bn Depreciation expenses: JPY -0.5 bn etc. Personnel expenses +JPY1.0 bn Salaries (related to base pay increase): +JPY 0.3bn Bonuses: +JPY 0.3 bn Increase in the number of consolidated subsidiaries*: +JPY 0.2 bn Staff increases, etc.: +JPY 0.2bn Tax +JPY0.5 bn Shizuoka Bank: +JPY 0.4 bn Total +JPY1.8 bn * In connection with the acquisition of Shizugin Saison Card (in July 2025) and Tokyo Gas Lease (in April 2026) as consolidated subsidiaries, the expenses of both companies will be included in the consolidated financial statements Change Main changes Non- personnel expenses +JPY 0.3 bn IT-related expenses: +JPY 0.3 bn Administrative expenses: +JPY 0.1 bn Advertising expenses: +JPY 0.1 bn Depreciation expenses: JPY -0.5 bn etc. Personnel expenses +JPY 0.4 bn Salaries (related to base pay increase): +JPY 0.2 bn Bonuses: +JPY 0.2 bn etc. Tax +JPY 0.4 bn Consumption tax: +JPY 0.3 bn Pro forma taxation: +JPY 0.2 bn Total +JPY 1.1 bn (46.0％)(50.5％) (48.8％)(52.0％) While consolidated OHR rose, due mainly to lower gross operating profits associated with bonds replacement,and impact of the increase in consolidated subsidiaries, the ratio based on core gross operating profit remains low, at 43.9%.
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11.7 3.9 4.4 8.1 2.2 8.0 0.12% 0.03% 0.04% 0.07% 0.07% FY2020 2023年度 FY2024 FY2025 FY2026 1Q FY2026 (planned) Credit-related costs Credit-related costs ratio* Credit-related costs (Shizuoka Bank nonconsolidated) 14 Breakdown of credit-related costs Probability of default (PD) Provision for allowance for loan losses and other NPL disposal Credit-related costs and credit-related costs ratio FY2024 1Q FY2025 1Q FY2026 1Q YoY change [Consolidated] Credit-related costs -0.7 1.7 2.4 +0.7 [Shizuoka Bank nonconsolidated] Credit-related costs -1.1 1.5 2.2 ＋0.7 Provision for general allowance for loan losses -0.4*1 -0.0 0.3 +0.3 Provision for specific allowance for loan losses -0.9*1 1.3 1.7 +0.4 Other non-performing loans (NPL) disposal*2 0.2 0.3 0.2 -0.0 (JPY bn) *1 In 1Q of FY 2024, this was recorded as a gain on reversal of allowance for loan losses under extraordinary profit and loss. *2 This includes contributions to credit guarantee associations, and provision for contingent loss, etc. * PD of performing borrowers and borrowers warranting close monitoring (based on number of borrowers) * Credit-related costs ratio = credit -related costs / average loan balance (JPY bn) 0.79% 1.01% 1.05% 0.96% 1.42% 0.88% 1.05% 0.64% 0.62% 0.56% PD historical average since March 2008: 0.89% Excluding Business Quick Loan* users * Small loans backed by 100% external guarantees PD historical average since March 2008: 0.74% (excluding Business Quick Loan users) March 31, 2008 March 31, 2011 March 31, 2014 March 31, 2017 March 31, 2020 March 31, 2023 June 30, 2026 3.5 -0.5 0.3 1.0 0.3 7.8 4.1 3.7 6.6 1.7 0.4 0.3 0.4 0.5 0.2 11.7 3.9 Changes in credit category, etc. 2.2 Decrease in the value of collateral 0.0 Upgraded credit rating, decrease in loan and credit balance via collections, etc. -0.5 Total 1.7 Credit-related costs (Shizuoka Bank nonconsolidated) increased by JPY 0.7 bn YoY to JPY 2.2 bn. We will continue to manage appropriately within the scope of our full-year plan. (JPY bn) 8.1 2.2 4.4 大澤済 Other NPL disposal Provision for specific allowance for loan losses Provision for general allowance for loan losses (negative figures : transfers from provision)
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Loans under risk management 15 9.8 ～～ (Loans disclosed under the Financial Reconstruction Act) (Shizuoka Bank nonconsolidated) Loans under risk management Net loans under risk management NPL removal from balance sheet Ratio of loans under risk management Delinquency ratio (JPY bn) Breakdown of -JPY 4.4 bn Collected from borrower/ offset against deposits -1.1 Collateral disposal/ subrogated to guarantor -2.5 Loans sold/direct write off -0.1 Reclassified to lower risk categories -0.7 FY2025 FY2026 1Q Newly recognized NPLs +26.6 +7.2 Removal from balance sheet (NPL to borrowers classified as at risk of failure or in categories of greater risk) -30.4 (-28.0) -5.0 (-4.4) Loans under risk management 89.1 91.3 (JPY bn) Partial direct write-off Loans guaranteed by credit guarantee associations Collateral/reserves, etc. Expected loss (EL) in one year: JPY 0.8 bn Net loans under risk management (JPY bn) Loans under risk management and the ratio of loans under risk management both remained at low levels. 3.59% 1.01% 1.02% 0.85% 0.78% 0.79% 0.38% 0.15% 0.16% 0.09% 0.08% 0.08% March 31, 2011 March 31, 2020 March 31, 2023 June 30, 2025 March 31, 2026 June 30, 2026 Ratio of loans under risk management Ratio of net loans under risk management Not in arrears 76% In arrears 24% 18.4 13.8 13.3 8.4 8.0 7.5 216.2 75.0 89.4 79.6 78.2 78.9 8.8 3.4 2.2 4.7 3.0 4.9 243.4 92.2 104.9 92.7 89.1 91.3 March 31, 2011 March 31, 2020 March 31, 2023 June 30, 2025 March 31, 2026 June 30, 2026 Loans to borrowers in bankruptcy Loans to borrowers at risk of failure or effectively insolvent Loans requiring management ～～ 9.3 46.3 30.3 5.4 91.3 大澤済
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1.6 23.0 31.4 33.5 31.8 9.8 41.0 57.9 59.3 9.8 29.8 10.8 29.5 28.8 11.4 62.6 83.2 120.9 119.9 March 31, 2014 March 31, 2020 March 31, 2023 March 31, 2026 June 30, 2026 Real estate related (private REITs and real estate investment funds) PE (overseas) PE (domestic) 124.4 567.7 764.5 809.6 792.0 March 2014 (monthly) FY2019 FY2022 FY2025 FY2026 1Q 0.4 5.7 8.3 9.2 2.3 2.20.1 2.6 2.8 1.5 0.5 0.20.8 3.2 5.6 8.9 -0.3 -0.0 1.3 11.5 16.7 19.6 2.5 2.3 FY2013 FY2019 FY2022 FY2025 FY 2025 1Q FY 2026 1Q Private equity, etc. Fee revenues Lending revenues/expenditures CLO balance (June 30, 2026, including bond holdings) JPY 244.2 bn (32 details: JPY 7.6 bn average) All AAA-rated Subordination ratio: 36.0–40.0% Well-diversified portfolio(JPY : foreign currency = 4 : 5) 98% allocated to performing borrowers LTV real estate nonrecourse loan average: 58.9% (JPY bn) Revenue trend Lending balance (average) and composition (JPY bn) Composition (FY2026 1Q) Market credit investment Market credit investment balance (term-end balance) (JPY bn) Corporate (senior) 18% Corporate (mezzanine) 21% Asset finance 1% Project finance 12% Real estate nonrecourse loans 20% 28% Securitization loans (CLO, etc.) (JPY bn) FY2013 FY2019 FY2022 FY2025 FY2026 1Q Investment commitment (annual) 4.7 10.8 21.9 21.8 1.8 Investment commitment (total) 14.0 66.1 129.0 211.7 213.3 Domestic 14.0 45.5 63.2 89.8 88.8 Overseas 0.0 20.6 65.9 122.0 124.5 Investment balance (term end) 1.6 32.8 72.4 91.4 91.1 Investment gain/loss (annual) 0.7 1.7 4.4 7.8 -0.7 Revaluation gain/loss (term end) +1.2 +3.6 +10.1 +2.7* +2.7* • Building a time-diversified portfolio through renewed annual investments • Building a geographically and strategically diversified portfolio through well-balanced investments in various domestic and foreign funds • Securing average yields of approx. 8% the most recent five years Buyout 57% Growth VC 8% Mezzanine debt 28% Infrastructure 2% Other 5% Composition (FY2026 1Q) [Private equity investment results] Private equity investment (excluding private REITs and real estate investment funds) * Not recognized for gains and losses on unlisted stock Controlling balances of lending through selective transactionsbased on a keen awareness of profitability, and for investments, maintaining a diversified investment portfolio based on appropriate risk controls. 大澤済 16
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10.87 11.23 11.16 11.41 2.14 2.19 2.29 2.59 March 31, 2025 June 30, 2025 March 31, 2026 June 30, 2026 13.61 14.28 12.95 13.24 2.68 2.79 2.65 3.00 March 31, 2025 June 30, 2025 March 31, 2026 June 30, 2026 The total capital ratio and CET1 ratio were both 16.24% as of June 30, 2026 (up 0.64 pt from March 31, 2026). The estimated ratio after full application of Basel III finalization is 14.00% (up 0.55 pt from March 31, 2026). Capital adequacy ratio 17 13.01 13.42 13.45 16.29 17.07 15.60 16.24 （%） （%） 14.00* +0.64 +0.55 Capital adequacy ratio (CET1 ratio) Trends in capital, risk-weighted assets, etc. After full application of Basel III finalization Valuation difference on available-for- sale securities * Estimated after accounting for capital floor adjustments and other factors after full application of Basel III finalization Valuation difference on available-for- sale securities [Basel III] March 31, 2025 June 30, 2025 March 31, 2026 June 30, 2026 vs. March 31, 2026 Total capital* 991.2 1,030.3 1,081.6 1,152.9 +71.4 CET1 991.2 1,030.3 1,081.6 1,152.9 +71.4 Excluding valuation difference on available-for-sale securities 828.0 861.9 897.5 939.7 +42.2 Other Tier1 - - - - - Tier2 - - - - - Risk-weighted assets 6,082.1 6,035.4 6,930.0 7,096.4 +166.4 Credit risk-weighted assets 5,869.5 5,793.0 6,321.6 6,463.2 +141.6 Amount corresponding to market risk 3.2 0.6 0.9 2.4 +1.6 Amount corresponding to operational risk 209.4 209.4 234.6 234.6 ±0.0 Floor adjustments - 32.4 372.9 396.1 +23.2 (JPY bn) * Capital excludes preferred shares, subordinated debt, etc.
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456.1 390.0 444.7 39.7% 31.6% 34.7% -15.0% -5.0% 5.0% 15.0% 25.0% 35.0% 45.0% 55.0% Approx.300.0 Use of gains on sale of stock in FY2026 ➢ Bonds replacement operations for a sounder and more profitable portfolio（p.11）Approx45.0 ～～ ～～ 18 ～～ +54.7 Reduction of strategic shareholdings Policy on reduction of strategic shareholdings * Verification of meaning of holding in terms of enhanced transaction relationships, business investment, and community contribution Eliminating strategic shareholdings for which holding is judged not to be meaningful* (1) Transfer to net investments, or (2) Sale execution Shareholding policy ➢ Consider dividends received as a source of returns to shareholders, aiming for shareholdings to play a role as capital to support stable management. Target valuation gain/loss on securities accounting for about 1.5–2% of the CET1 ratio (targeting reduction to less than 2% during the period covered by the 2nd Medium-term Business Plan) Factors behind increased balance of holdings (current value) Sale – JPY 0.6 bn Transfer to pure investments - Increase in valuation gains + JPY 54.6 bn New purchase, etc. + JPY 0.7 bn Approx. 25% Medium-to long-term target: less than 20% Enhanced transaction relationships Business investment and community contribution Amount on balance sheet Percentage of holdings at current value to consolidated net assets Trends in balance of strategic shareholdings (JPY bn) Status of Issues for which consent to sale has been received Number of stocks : 8 issuers Amount for which consent to sale has been received : JPY 13.5 bn Of which, valuation gains/losses : JPY 9.1 bn Status of shares transferred to shares held as pure investments Strategic use Due mainly to increasing valuation as a result of the recent rising stock prices, the balance of strategic shareholdings(current value) as of June 30 2026 increased by JPY 54.7 bn compared to the end of the previous fiscal year. Gains on sale of shareholdings will be strategically used for bonds replacement operations aimed at securing stable net interest income. March 31, 2023 March 31, 2026 June 30, 2026 March 31, 2029 March 31, 2031 Net assets (JPY tn) 1.1 1.2 1.3 1.25-1.3 1.3- Nikkei Average (JPY) 28,041 51,063 70,062 - - 100.6 69.1 69.5 Aquisition cost Current value Valuation gains/losses Balance as of March 31 2026 21.2 171.5 150.3 Balance as of June 30 2026 19.7 156.1 136.5 Yield on holdings 18.22% 2.29% - Aquisition cost Current value Valuation gains/losses Increase (Market price Fluctuations) 0 17.6 17.6 Decrease (Sale) –1.5 –33.0 –31.4 Increase/Decrease –1.5 –15.4 –13.8 （JPYbn） [Breakdown]
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FY1998 FY2016 FY2019 FY2022 FY2025 Earnings per share (EPS) Book value per share (BPS) 21.5 32.7 7.0 10.0 39.0 60.0 80.0 108.0 FY2023 FY2024 FY2025 FY2026 (projected) FY2028 (final FY of the 2nd Medium- term Business Plan) Total dividends (JPY bn) Purchase of treasury stock (JPY bn) Dividend per share (JPY) Policy on shareholder returns Dividend payout ratio 37.4% 44.0% 47.7% 49.6% 50.0%- Total payout ratio 49.3% 57.3% 80.6% 75.5% - Net income attributable to owners of the parent JPY 57.8 bn JPY 74.6 bn JPY 90.5 bn JPY 115.0 bn - Increased by JPY 21 (JPY) While the policy is based on dividends, we will also purchase treasury stock dynamically to improve capital efficiency. ～～ Based on the upward revision of full-year performance forecasts, the dividends planned for FY2026 have been revised upward by JPY 28 YoY (for an increase of JPY 10 vs. initial projected dividends). We will begin purchasing up to JPY 30.0 bn/10 million shares in treasury stock to improve capital efficiency as part of efforts to achieve our ROE target. *1 Estimates are based on the number of shares outstanding as of June 30 2026 (excluding treasury shares), considering taking in to account previously announced purchase/disposals of treasury stock *2 (Projected) shareholder returns for FY2026 are estimated based on performance forecasts and previously announced purchases of treasury stock EPS growth 29.9% 632.18 20.84 FY2026 projected growth rate ～～ Increased by JPY 28 30.0 56.9 42.9 *1 2,321.83 167.66 19 Increased by JPY 20 *2 August 2026: Beginning purchase of up to JPY 30.0 bn/10 million shares in treasury stock • Purchasing treasury stock dynamically at the level needed to reach the ROE target as part of capital controls • Beginning to purchase up to JPY 30.0 bn in August 2026 FY2025 FY2026 (projected) Contribution to EPSgrowth Consolidated net income*1 90.5 115.0 27.7% Total shares issued and outstanding(average balance) *2 540 528 2.2% EPS 167.66 217.91 - *1 Figures for FY2026 are from forecasts of financial results (JPY bn) *2 Excluding treasury stock (million shares) Purchase of treasury stock • Steadily increasing dividends to a dividend payout ratio of 50% or better by FY2027; maintaining a dividend payout ratio of 50% or better in FY2028 and beyond • Continuing to increase our dividend payments through sustained profit growth Dividends Policy on shareholder returns Distribution of profit to shareholders EPS/BPS trends (consolidated)
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FY2026 forecasts 20 ConsolidatedShizuoka Bank nonconsolidated FY2025 results FY2026 initial forecast (A) FY2026 revised forecast (B) Change (B−A) Ordinary profit 130.3 152.0 167.0 +15.0 Net income attributable to owners of the parent 90.5 105.0 115.0 +10.0 ROE (based on net assets) 7.5% 8.4% 9.1% +0.7pt OHR*1 58.4% (46.0%) 53.6% (46.0%) 53.2% (45.7%) -0.4pt (-0.3pt) CET1 ratio*2 15.60% (13.45%) 14.07% (13.35%) 14.29% (13.56%) +0.22pt (+0.21pt) Core gross operating profit * 203.4 218.0 231.5 +13.5 Gross operating profit 155.5 183.0 196.5 +13.5 Net interest income 172.2 186.0 198.5 +12.5 Fees and commissions 29.0 29.0 30.0 +1.0 Trading income 0.8 1.0 1.0 - Other operating profit -46.4 -33.0 -33.0 - Expenses (−) 90.8 97.0 97.0 - Ordinary profit 119.0 140.0 153.5 +13.5 Net income 81.6 95.5 104.5 +9.0 Credit-related costs (−) 8.1 8.0 8.0 - (JPY bn) FY2026 1Q result (C) Progress rate (C/B) 47.0 28.1% 32.7 28.4% 10.5% - 67.0% (43.9%) - 16.24% (14.00%) - 59.4 25.6% 37.1 18.8% 48.7 24.5% 9.4 31.4% 0.2 16.6% -21.2 64.3% 24.7 25.4% 43.9 28.6% 31.0 29.6% 2.2 27.5% *1 The figures in parentheses ( ) are based on core gross operating profit *2 The figures in parentheses ( ) represent estimates calculated under full application of the finalized Basel III framework * Core gross operating profit = gross operating profit – income related to JGBs and other bonds Revised the full-year forecasts considering factors, due mainly to growth in net interest income of Shizuoka Bank (nonconsolidated). Forecastordinary profit of JPY 167.0 bn (up JPY 15.0 bn from initial plans) and net income of JPY 115.0 bn (up JPY 10.0 bn from initial plans)on a consolidated basis. 大澤済
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Initial forecast FY2026 revised forecast Change Ordinary profit 152.0 167.0 +15.0 Net income attributable to owners of the parent 105.0 115.0 +10.0 ROE (based on net assets) 8.4％ 9.1％ +0.7pt Gross operating profit 183.0 196.5 +13.5 Net interest income 186.0 198.5 +12.5 Fees and commissions 29.0 30.0 +1.0 Trading income 1.0 1.0 - Other operating profit -33.0 -33.0 - -35.0 -35.0 - Expenses (-) 97.0 97.0 - Credit-related costs (-) 8.0 8.0 - Gains (loss) on stock 58.0 58.0 - Ordinary profit 140.0 153.5 +13.5 Net income 95.5 104.5 +9.0 Dividend/share 98 yen (+ JPY 18 YoY) 108 yen (+ JPY 28 YoY) +10 yen Key points of revisions to forecasts Income related to JGBs and other bonds Based on favorable progress of financial results, BoJ policy interest rate hikes, and other factors, forecast consolidated net income has been revised upward (+JPY 10.0 bn, +JPY 10 in dividend per share). Key points of revisions to FY2026 forecasts ConsolidatedShizuoka Bank nonconsolidated (JPY bn) +10.0 vs. initial forecast 115.0 105.0 FY2026 consolidated net income (initial forecast) JPY net interest income +11.0 Factors affecting changes in interest on Yen deposits and loans Balance factors: +1.6 Yield factors: +16.4 (Additional interest rate rise factors: +9.9) Growth in core business earnings (source of dividends) ✓With regard for upward trend of loan balance, and improving yields for loans due to BoJ policy rate hikes (JPY bn) Other -1.0 Tax, etc. -3.5 Fees and commissions +1.0 Net interest income on foreign currency +1.5Interest and dividend on securities +4.5 Interest paid on deposits, etc. -10.5 Interest on loans +18.0 FY2026 consolidated net income (revised) Balance factors: -0.4 Yield factors: -10.1 (Additional interest rate rise factors: -6.9) ✓Anticipating an increase in deposits balance commensurate with the increase in loans In light of current competitive environment, we anticipate deposits interest rate to rise 21
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Reference Materials
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23 変更なし Simulation of rising JPY interest rates Policy interest rate +0.25% change is expected to increase net interest income by +JPY7.9 bn on an annualized basis, assuming the JPY balance sheet in June 2026. Impact on JPY net interest income 1.8 0.4 1.2 1.5 1.2 2.8 3.3 5.1 7.2 2.5 1.2 Assets Liabilities Bonds Lending (Prime rate-based) Lending (Market rate-linked) Lending (Fixed rate) Deposits at BoJ* Other Liquid deposits (Non-interest-bearing) Liquid deposits (Interest-bearing) Time deposits (Including NCDs) Market funding Other JPY14.1 tn (June 2026 average balance) Impacts (FY2026) Impact on FY2026 financial resultsScenario: Policy interest rate +0.25% change TIBOR +0.25% Liquid deposit yield +0.1% Short-term prime rate +0.25% Time deposit yield +0.1% Swap rate +0.125% NCD +0.25% Bond yield +0.25% BoJ deposit interest-rate yield +0.25% Renewal of loan rates and redemption of investment bonds reflect interest rate hikes to the corresponding amount * Asset and liability balances are unchanged (June 2026) Impact (annualized) Lending +JPY18.7 bn Deposits -JPY11.5 bn Market rate-linked +JPY5.9 bn Liquid deposits -JPY7.2 bn Prime rate-based +JPY11.8 bn Time deposits -JPY4.3 bn Fixed rate +JPY1.0 bn Other fundraising -JPY0.3 bn Bonds +JPY0.1 bn Deposits at BOJ +JPY0.9 bn Net interest income: +JPY7.9 bn ROE: +0.5% JPY balance sheet structure (JPY tn) • The impact of policy rate hike (0.75% → 1.0%) on FY2026 results is estimated based on the JPY balance sheet for June 2026. Lending +JPY9.9 bn Deposits -JPY6.9 bn Market rate-linked +JPY4.5 bn Liquid deposits -JPY4.7 bn Prime rate-based +JPY4.9 bn Time deposits -JPY2.2 bn Fixed rate +JPY0.5 bn Other fundraising -JPY0.3 bn Bonds +JPY0.0 bn Deposits at BOJ +JPY0.8 bn Net interest income: +JPY3.5 bn ROE: +0.2% * Asset and liability balancesare unchanged (June 2026) *Effects of ROE increase is the estimation out of FY2026 1Q capital. (average of the two quarters, based on net assets) * Excluding required reserves amount
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Group companies（Excluding Shizuoka Bank） Company name Main businesses FY2026 1Q ordinary profit YoY change Shizugin Management Consulting Co., Ltd. Corporate and financial management advisory services; bill collection services 0.1 +0.1 Shizugin Lease Co., Ltd. Leasing 0.4 -0.0 Shizuoka Capital Co., Ltd. Support for public offering of stock shares; management support and business-succession support for SMEs 0.1 +0.1 Shizugin TM Securities Co., Ltd. Financial instruments brokerage 1.3 +0.7 SFG Marketing Co., Ltd. Marketing support; advertising agency services; fee-based job placement services -0.0 +0.0 SFG Real Estate Investment Advisors Co., Ltd. Investment advisory services regarding private real-estate investment funds; consulting services 0.1 -0.1 Tokyo Gas Lease Co., Ltd. Leasing; credit business; Insurance agency business; payment agency business and other businesses 0.1 +0.1 Subsidiaries of Shizuoka Bank(10 companies) Shizugin IT Solution Co., Ltd. Computer system development and operations; data processing services 0.0 -0.0 Shizugin Credit Guaranty Co., Ltd. Credit guarantees 1.1 +0.2 Shizugin Card Co., Ltd. Credit card business; credit guarantees 0.2 -0.0 Shizuoka Liquidity Reserve Ltd. Purchase of monetary receivables 0.0 -0.0 Shizuoka EU Liquidity Reserve Ltd. 0.0 +0.0 Shizuoka SG Liquidity Reserve Ltd. 0.0 -0.0 Shizugin General Service Co., Ltd. HR and general affairs services; fee-based job placement services 0.0 +0.0 Shizugin Business Partners Co., Ltd. Centralized processing operations services of deposits and loans; worker dispatch businesses; evaluation and appraisal of real estate -0.0 -0.0 Shizugin Saison Card Co., Ltd. Credit cards; credit guarantees 0.1 +0.1 Shizugin Heartful Co., Ltd. Production and printing of documents; creating business cards 0.0 -0.0 Total excluding Shizuoka Bank (17 companies) 3.6 +1.1 (Reference) Equity method affiliates Commons Asset Management, Inc. Asset management; investment trust sales 0.1 +0.1 Monex Group, Inc. Holding stocks of companies involved in financial instruments brokerage and other businesses 1.9 +0.1 Shizuoka Community Development Consulting Co., Ltd. Surveys, research and consulting services of contributing to regional development and revitalization -0.0 ー (JPY bn)The total ordinary profit of group companies (excluding Shizuoka Bank) in 1Q of FY2026 was JPY 3.6bn (up JPY 1.1bn YoY). *2 *1 Made consolidated subsidiary in April 2026 *2 Merged Shizugin Business Create with Shizugin Mortgage Service in April 2026 *3 A joint venture between SFG Real Estate Investment Advisors and SEKISUI HEIM Tokai in April 2026 *4 Pretax income *1 *3 *4 24
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3.0 5.8 12.4 FY2025 FY2026 (forecast) FY2029 (forecast) 3.4 5.9 9.9 13.1 FY2023 FY2024 FY2025 FY2026 (forecast) Finance Other KPI: revenue effects of JPY 20.0 bn (total for three banks, cumulative for five years) Mt. Fuji/Alps Alliance (established March 2025) Creating social value Increasing corporate value Revenue effects (JPY bn) Status of initiatives Attracting people, investments, and businesses to the three prefectures to create new value while leveraging the potential of the regions to find solutions to shared regional issues, including declining populations and labor shortages Life planning Finance Shizuoka Nagoya Alliance (established April 2022) +2.5 +4.0 Revenue effects (JPY bn) TOPICs Support for sales channel development Life planning Finance Market credit investment field JPY 72.1 bn (Cumulative amounts executed since inception of the alliance) Corporate field JPY 40.4 bn Shizugin TM Securities Yamanashi Head Office Customer assets balance: JPY 53.1 bn (Results through June 30, 2026) Market credit investment field JPY 66.4 bn (Cumulative amounts executed since inception of the alliance) Corporate field JPY 53.7 bn Shizugin TM Securities Nagoya Head Office Customer assets balance: JPY 19.4 bn (Results through June 30, 2026) TOPICs Alliance Strategy with Regional Banks ‒Initiatives status 101% of revised target 62% of target Realizing sustained growth and expanded earnings opportunities for each region and the partner group through joint efforts with alliance partner banks on solutions to various regional challenges. Individual consultation meetings held 8 Business-matching cases 93 Initiatives to promote relocation Relocation support loans 483 loans (JPY 17.5 bn) executed (total for three banks) Focusing on solutions to customer’s challenges, chiefly supporting business partners in structural reforms of regional industries Achieved the revised revenue effects KPI JPY 13.0 bn ahead of schedule (total for both banks, cumulative for five years) Revised KPI: revenue effects of JPY 13.0 bn (total for both banks, cumulative for five years) Drawing on the knowledge and customer bases of both banks to support for industrial reforms across prefectural boundaries and addressing structural reforms of regionalindustries, centered on the auto industry Support for industrial reform Providing appropriate support for business reforms by the customers of both banks in anticipation of industrial structural reforms, including decarbonization, the shift to EVs, and digitalization. Status of initiatives Focusing on development projects and other initiatives to contribute solutions to the social issues facingall three prefectures Progress toward the JPY 20.0 bn KPI reached 62% on a five-year equivalent basis that significantly exceeded plan Held Mt. Fuji and Alps Relocation and Living Fair 2026 relocation event hosted by the three banks of the first since the alliance (Attendance Records: 149 groups, 200 people Number of Consultations: 292) An investment executed under second Shizuoka Nagoya Alliance fund Investee: a company involved in metal plating of engine and other parts for motorcycles, automobiles, and outboard motors The investment is intended to provide financial support for expansion of business domains from engine parts to EV parts and other areas. 25 ～～ Life planning Corporate Market credit investment
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Major initiatives in FY2026 June - May April ⚫ Began offering Shizugin Pro Sharing services to provide access to professional experts (Shizugin General Service) ⚫ Counselling and training services for regional firms commercialized, the second project under the in-house venture system (Shizugin General Service) ⚫ Merged Shizugin Business Create with Shizugin Mortgage Service, and renamed the merged company Shizugin Business Partners (ShizuginBusiness Create, ShizuginMortgage Service) ⚫ Launched of GOTEMBA MIRAI PROJECT 2026 powered by TGC, an HR development project for high-school students (SFG Marketing) Co - creation Growth Challenge ⚫ Established Shizuoka Mirai Cocreation Foundation to contribute to regional industrial promotion through side-by-side support for new business creation and other activities by regional firms. (Shizuoka Bank) Trans - formation 2.0 Corporate communi - cation ⚫ Consolidated digital transformation (DX) and IT consulting functions in the Group to support business transformation for regional firms using digital technologies. (Shizugin Management Consulting, Shizugin IT Solution) ⚫ Began demonstration testing of use of an AI agent for more advanced M&A and business succession support (Shizugin Management Consulting) ⚫ Launch of “Xover 2.0: Into the future together” ; Second Medium-term Business Plan (Shizuoka Financial Group) ⚫ Established Shizuoka Community Development Consultingthrough joint investments with regional firms (SFG Real Estate Investment Advisors) ⚫ Soccer coach Makoto Hasebe signed as a brand partner (Shizuoka Financial Group) ⚫ Expanded initiatives of the Mt. Fuji/Alps Alliance relocation promotion project (Shizuoka Bank) Cumulative execution of relocation support loans exceeds JPY 10.0 bn Landing page launched for those considering relocation based on the concept of Live in Shizuoka/Yamanashi/Nagano ⚫ Awarded top prize (large enterprises category) for the first time in the career reforms section of Career Ownership Management Award 2026 (Shizuoka Financial Group) ⚫ Launched Shizugin Mirai Athletes Support program to support the efforts of middle school athletes as representatives of the region’s future (Shizuoka Bank) 26
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This document includes statements concerning future business results. These statements do not represent guarantees of future business results and entail various risks and uncertainties. Note that future business results may differ from targets for various reasons, including changes in the business environment. Note: Figures in graphs that show year-on-year comparisons are calculated using the figures that appear in the graphs. Contact Yukimasa Okumoto, IR and SR Office, Corporate Governance Planning Department, Shizuoka Financial Group, Inc. Tel: +81-54-261-3111 (main switchboard) +81-54-345-5418 (direct) Fax: +81-54-344-0131 Email: ir@jp.shizugin.com URL: https://www.shizuoka-fg.co.jp/ Shizuoka Financial Group Website (IR News)