Interim report
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 Consolidated Financial Results for the Three Months Ended June 30, 2025 (Under Japanese GAAP) August 6, 2025 Company name: Rakuten Bank, Ltd. Listing: Tokyo Stock Exchange Securities code: 5838 URL: https://www.rakuten-bank.co.jp/corp/english/ Representative: Tomotaka Torin, President and CEO Inquiries: Naoki Mizuguchi, Managing Executive Officer, Executive Manager of Planning Division Telephone: +81-50-5581-6120 Scheduled date to commence dividend payments: - Trading accounts: None Supplementary material on financial results: Yes Financial results briefing: Scheduled (for institutional investors and analysts) (Yen amounts are rounded down to millions, unless otherwise noted. ) 1. Consolidated Financial Results for the Three Months Ended June 30, 2025 (from April 1, 2025 to June 30, 2025) (1) Consolidated Operating Results (Percentages indicate year-on-year changes.) Ordinary Income Ordinary Profit Profit Attributable to Owners of Parent Three Months Ended JPY million % JPY million % JPY million % June 30, 2025 57,504 40.8 23,943 56.8 16,835 54.1 June 30, 2024 40,815 25.0 15,261 34.2 10,921 35.0 (Note) Comprehensive income For the three months ended June 30, 2025: JPY 22,177 million [117.9 %] For the three months ended June 30, 2024: JPY 10,176 million [ (15.6) %] Profit per Share Diluted Profit per Share Three Months Ended JPY JPY June 30, 2025 96.48 96.35 June 30, 2024 62.59 62.57 (2) Consolidated Financial Position Total Assets Net Assets Own Capital Ratio As of JPY million JPY million % June 30, 2025 15,253,841 341,454 2.1 March 31, 202 5 14,748,639 319,117 2.0 (Reference) Own Capital: June 30, 2025 JPY 322,842 million , March 31, 2025 JPY 301,837 million (Note) “Own Capital Ratio” is calculated as follows: (Total net assets – Subscription rights to share – Minority interest) / Total Assets x 100 at year end. Own Capital Ratio stated above is not Capital Adequacy Ratio (Japanese domestic standard). Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 2. Dividends Distribution Annual Dividends per Share First Quarter-End Second Quarter-End Third Quarter-End Fiscal Year-End Total Yen Yen Yen Yen Yen Fiscal Year Ended March 31, 2025 － 0.00 － 0.00 0.00 Fiscal Year Ending March 31, 2026 － Fiscal Year Ending March 31, 2026 (Forecast) 0.00 － 0.00 0.00 (Note) Revisions to the forecast of cash dividends most recently announced: None 3. Forecasts for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026) (Percentages indicate year-on-year changes.) Ordinary Income Ordinary Profit Profit Attributable to Owners of Parent Profit per Share Fiscal Year Ending JPY million % JPY million % JPY million % JPY March 31, 2026 246,884 33.7 91,221 27.5 64,348 26.7 368.79 (Note) Revisions to the forecast of consolidated earnings most recently announced: None ※ Special notes (1) Significant changes in the scope of consolidation during the period: None (2) Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None (3) Changes in accounting policies, changes in accounting estimates, and restatements (i) Changes in accounting policies due to revision of accounting standards and other regulations: None (ii) Changes in accounting policies due to reasons other reasons : None (iii) Changes in accounting estimates: None (iv) Restatements: None (4) Number of issued shares (common shares) (i) Total number of issued shares at the end of the period (including treasury shares) As of June 30, 2025 174,497,980 shares As of March 31, 2025 174,482,380 shares (ii) Number of treasury shares at the end of the period As of June 30, 2025 134 shares As of March 31, 2025 134 shares (iii) Average number of shares outstanding during the period Three Months Ended June 30, 2025 174,483,655 shares Three Months Ended June 30, 2024 174,482,301 shares * Review of the Japanese -language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: Yes (voluntary) * Proper use of earnings forecasts, and other special matters The forward -looking statements contained in this document, including the financial results forecasts, are based on information currently available to the Company and certain assumptions deemed to be reasonable, and the Company does not promise achievement. Actual results may differ significantly from these forecasts due to a wide range of factors.
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 1 Table of Contents - Attachments 1. Overview of Operating Results, etc. ................................................................................................................... 2 (1) Overview of Operating Results .................................................................................................................. 2 (2) Overview of the Financial Position ............................................................................................................. 4 (3) Explanation of Consolidated Financial Forecasts and Other Forward-Looking Statements ....................... 4 2. Quarterly Consolidated Financial Statements ..................................................................................................... 5 (1) Quarterly Consolidated Balance Sheets ..................................................................................................... 5 (2) Quarterly Consolidated Statements of Income and Comprehensive Income .............................................. 6 (3) Notes to Quarterly Consolidated Financial Statements ............................................................................... 8 (Notes on segment information, etc.) .......................................................................................................... 8 (Notes on a substantial change in the amount of shareholders’ equity) ...................................................... 8 (Notes on going concern assumptions) ....................................................................................................... 8 (Notes on statements of cash flows) ........................................................................................................... 8
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 2 1. Overview of Operating Results, etc. (1) Overview of Operating Results During the three months ended June 30, 2025, the global economic recovery slowed down, showing stagnation in some regions. In the U.S., amid gradual economic growth, we saw market uncertainty driven by last-minute demand ahead of tariff rate increases and the subsequent backlash. In the Eurozone, economic growth continued to recover, partially due to last-minute exports to the U.S. In China, while various policies showed signs of effectiveness, economic growth remained stagnant. Meanwhile, the Japanese economy showed signs of a moderate recovery, although uncertainty emerged due to U.S. trade policy and associated initiatives. Personal consumption showed signs of recovery, supported by the ongoing improvement of the employment and income situations, despite persistently weak consumer sentiment. In addition, corporate earnings showed signs of improvement. As for the movement of monetary policy, the Federal Reserve Board (FRB) decided at the Federal Open Market Committee (FOMC) meeting in June 2025 not to cut its policy interest rate for the fourth consecutive time, while the European Central Bank (ECB) also decided at its Governing Council meeting in June 2025 to reduce key interest rates for the seventh consecutive time. In contrast, the Bank of Japan (BOJ) decided at its Monetary Policy Meeting in June 2025 not to raise its policy interest rate for the third consecutive time. Taking into account that banking services are a form of social infrastructure and considering the growing need for digital banking services against the background of the accelerating digital shift in individuals’ lives and corporate activities, during the three months ended June 30, 2025, we promoted the operation of convenient and stable settlement infrastructure, further enhanced security, and upgraded our internal control systems. Starting April 2025, we started offering account transfer services for public money of Kobe City in Hyogo Prefecture, Komae City in Tokyo Metropolis, and Chiba City in Chiba Prefecture, as well as account transfer and Pay-easy payment services for water and sewerage charges in Kawasaki City in Kanagawa Prefecture, enhancing convenience for customers who use their accounts with us as their main accounts. Furthermore, we focused more on increasing profitability and growth potential than ever before through the enhancement of product features, expansion of fund management, and other initiatives. In Japan, which is experiencing the on-going phenomenon of the ageing society, the balance of the Rakuten Bank Reverse Mortgage (lump-sum type), which is one of our key products in helping solve issues surrounding retirement funds, had exceeded ¥10 billion as of December 31, 2024. To better meet the diverse needs of our customers, the Company began offering the Rakuten Bank Reverse Mortgage (credit-line type) in May 2025, in addition to the existing lump-sum type. This credit-line type mortgage is a revolving loan that can be repeatedly used within the maximum amount stipulated in the agreement. It is designed not only for customers concerned about their retirement funds, but also for those seeking to secure extra funds in preparation for emergencies, prepare financially for possible health issues or caregiving needs, or pursue a variety of purposes that enrich the second stage of life, including hobbies and travel. Starting in June 2025, we launched the “Rakuten Bank Securities-Backed Loan,” which allows customers to borrow funds from the Company using their domestic listed stocks, domestic ETFs, and domestic REITs held with Rakuten Securities as collateral. By setting up the “Money Bridge account” linking service between the Company and Rakuten Securities and entering into a securities-backed loan agreement, customers can borrow funds starting from ¥10,000 without having to sell their domestic stock holdings, etc. The use of borrowed funds is generally unrestricted, enabling customers to secure the
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 3 necessary funds for various life events while continuing to manage their investments through Rakuten Securities. In June 2025, in addition to launching the “Summer Bonus Campaign” which applied special interest rates to yen time deposits, we also announced an expansion of our preferential interest rate program for ordinary deposits (referred to as “Bonus Interest”) targeting individual customers. “Bonus Interest” adds a higher interest rate to ordinary deposits based on the type of Rakuten Card for customers who have their Rakuten Card payments debited from their account. Furthermore, it offers an additional ordinary deposit interest rate based on usage conditions such as receiving salaries, bonuses, or pensions, using debit cards, or making account transfers other than Rakuten Card payments. Moving forward, we aim to encourage customers to deposit their ordinary savings with us in a way that is closely integrated with their daily lives, leveraging the Rakuten Ecosystem. The expanded “Bonus Interest” program began in July 2025. As a result of these initiatives, the scale of business of the Company as of June 30, 2025 reached 17.07 million accounts and the deposit balance on a non-consolidated basis was ¥11,728,220 million as of June 30, 2025. Consolidated ordinary income for the three months ended June 30, 2025 totaled ¥57,504 million, an increase of ¥16,688 million year on year. Looking at the breakdown of ordinary income, interest income increased by ¥17,457 million year on year to ¥43,612 million. This increase was attributable to an increase in assets under management and higher investment yields following the Bank of Japan’s policy interest rate increase. Fees and commissions increased by ¥82 million year on year to ¥11,967 million, owing to increases in exchange-related fees, and account transfer fees, because more individual customers use their accounts with the Company as their main bank accounts in line with the increase in the number of accounts. Other operating income decreased by ¥902 million year on year to ¥1,304 million mainly owing to a decrease in income pertaining to foreign currency deposits and income pertaining to the Company’s new time deposits (structured deposits). Moreover, Rakuten International Commercial Bank in Taiwan recorded ordinary income of ¥1,071 million, an increase of ¥249 million year on year. On the other hand, consolidated ordinary expenses totaled ¥33,561 million, an increase of ¥8,007 million year on year. Among ordinary expenses, interest expenses increased by ¥6,978 million year on year to ¥11,064 million, mainly due to the growth in deposit balances and the rise in deposit interest rates, which resulted from increases in the Company’s ordinary deposit interest rates implemented in September of 2024 and March of 2025. Fees and commissions decreased by ¥116 million year on year to ¥8,388 million due to a decrease in loan guarantee expenses for external guaranteed card loans. General and administrative expenses increased by ¥1,710 million year on year to ¥13,027 million owing mainly to increases in personnel expenses, amortization of software, outsourcing expenses, and advertising expenses. Rakuten International Commercial Bank recorded ordinary expenses of ¥1,899 million, an increase of ¥184 million year on year. As a result, consolidated ordinary profit totaled ¥23,943 million, an increase of ¥8,681 million year on year, and profit attributable to owners of parent totaled ¥16,835 million, an increase of ¥5,913 million year on year. Since the Group consists of a single segment of the banking business, information on operating results, etc. by segment is omitted.
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 4 (2) Overview of the Financial Position With regard to assets as of June 30, 2025, loans and bills discounted amounted to ¥4,869,347 million, a decrease of ¥174,783 million from the end of the previous fiscal year, owing to a decrease in loans to the Ministry of Finance despite increases in the balances of investment property loans, affiliated loans, and other assets. Monetary claims bought amounted to ¥2,973,316 million, an increase of ¥53,894 million from the end of the previous fiscal year due to increases in trust beneficiary rights backed by credit card receivables of Rakuten Card Co., Ltd. and trust beneficiary rights backed by various assets held externally to the Rakuten Group. Securities amounted to ¥1,895,761 million, an increase of ¥104,352 million from the end of the previous fiscal year due to the purchase of bonds, including government-guaranteed bonds, corporate bonds, and foreign bonds. Cash and due from banks amounted to ¥4,731,894 million, an increase of ¥490,036 million from the end of the previous fiscal year. As a result, total assets amounted to ¥15,253,841 million, having increased by ¥505,202 million from the end of the previous fiscal year. As for liabilities, ordinary deposits were ¥10,448,852 million, an increase of ¥253,320 million from the end of the previous fiscal year due to an increase in the number of accounts and because more individual customers use their accounts with the Company as their main bank accounts. Time deposits were ¥1,195,848 million, an increase of ¥32,901 million from the end of the previous fiscal year. Borrowed money amounted to ¥2,898,800 million, an increase of ¥149,000 million from the end of the previous fiscal year, reflecting the Company’s use of funds supplied by BOJ to support increased lending. As a result, total liabilities amounted to ¥14,912,387 million, having increased by ¥482,864 million from the end of the previous fiscal year. As for net assets, share capital amounted to ¥32,641 million, an increase of ¥25 million from the end of the previous fiscal year, and capital surplus was ¥10,568 million, also an increase of ¥25 million from the end of the previous fiscal year. Retained earnings increased by ¥16,835 million from the end of the previous fiscal year to ¥288,766 million due to the recording of profit attributable to owners of parent. As a result, total net assets amounted to ¥341,454 million, having increased by ¥22,337 million from the end of the previous fiscal year. (3) Explanation of Consolidated Financial Forecasts and Other Forward-Looking Statements There is no change to the consolidated financial forecasts for the full year announced on May 12, 2025. The financial forecasts are based on information currently available to the Company and certain assumptions deemed to be reasonable, and the Company does not promise achievement. Actual results may differ significantly from these forecasts due to a wide range of factors.
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 5 2. Quarterly Consolidated Financial Statements (1) Quarterly Consolidated Balance Sheets (Millions of yen) As of March 31, 2025 As of June 30, 2025 Assets Cash and due from banks 4,241,858 4,731,894 Call loans 5,837 7,156 Cash collateral provided for securities borrowed 516,866 528,144 Monetary claims bought 2,919,421 2,973,316 Securities 1,791,408 1,895,761 Loans and bills discounted 5,044,131 4,869,347 Foreign exchanges 8,377 15,175 Other assets 158,614 165,807 Tangible fixed assets 4,619 5,374 Intangible fixed assets 30,582 33,273 Deferred tax assets 17,359 16,644 Customers' liabilities for acceptances and guarantees 15,776 18,815 Allowance for loan losses (6,214) (6,868) Total assets 14,748,639 15,253,841 Liabilities Deposits 11,451,517 11,747,730 Call money 15,838 29,613 Cash collateral received for securities lent 19,459 19,248 Borrowed money 8,726 9,522 Foreign exchanges 2,749,800 2,898,800 Other liabilities 10,637 5,599 Provision for bonuses 155,489 180,854 Provision for bonuses for directors (and other officers) 688 568 Retirement benefit liability 6 2 Provision for reimbursement of deposits 1,566 1,615 Acceptances and guarantees 15 15 Total liabilities 15,776 18,815 Deposits 14,429,522 14,912,387 Net assets Share capital 32,616 32,641 Capital surplus 10,543 10,568 Retained earnings 271,931 288,766 Treasury shares (0) (0) Total shareholders' equity 315,090 331,976 Valuation difference on available-for-sale securities (18,088) (15,856) Deferred gains or losses on hedges 277 631 Foreign currency translation adjustment 4,546 6,083 Remeasurements of defined benefit plans 10 7 Total accumulated other comprehensive income (13,253) (9,133) Share acquisition rights 409 518 Non-controlling interests 16,870 18,093 Total net assets 319,117 341,454 Total liabilities and net assets 14,748,639 15,253,841
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 6 (2) Quarterly Consolidated Statements of Income and Comprehensive Income (Quarterly Consolidated Statements of Income) (Millions of yen) Three months ended June 30, 2024 Three months ended June 30, 2025 Ordinary income 40,815 57,504 Interest income 26,155 43,612 Interest on loans and discounts 14,975 21,886 Interest and dividends on securities 2,624 5,612 Fees and commissions 11,885 11,967 Other operating income 2,207 1,304 Other ordinary income 167 181 Trust fees 399 437 Ordinary expenses 25,553 33,561 Interest expenses 4,085 11,064 Interest on deposits 2,248 7,725 Fees and commissions payments 8,505 8,388 General and administrative expenses 11,316 13,027 Other ordinary expenses 1,646 1,080 Ordinary profit 15,261 23,943 Extraordinary losses 0 ― Loss on disposal of non-current assets 0 ― Profit before income taxes 15,261 23,943 Income taxes - current 4,984 7,648 Income taxes - deferred (286) (203) Total income taxes 4,697 7,445 Profit 10,563 16,498 Loss attributable to non-controlling interests (357) (336) Profit attributable to owners of parent 10,921 16,835
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 7 (Quarterly Consolidated Statements of Comprehensive Income) (Millions of yen) Three months ended June 30, 2024 Three months ended June 30, 2025 Profit 10,563 16,498 Other comprehensive income Valuation difference on available-for-sale securities (2,351) 2,255 Deferred gains or losses on hedges 126 353 Foreign currency translation adjustment 1,838 3,073 Remeasurements of defined benefit plans, net of tax (0) (3) Total other comprehensive income (386) 5,679 Comprehensive income 10,176 22,177 Comprehensive income attributable to Comprehensive income attributable to owners of parent 9,716 20,954 Comprehensive income attributable to non-controlling interests 460 1,223
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Rakuten Bank, Ltd. Consolidated Financial Results for the Three Months Ended June 30, 2025 8 (3) Notes to Quarterly Consolidated Financial Statements (Notes on segment information, etc.) Although the Group is engaged in some non -banking businesses, these businesses are not significant in terms of volume, and the reportable segment is the banking business only, and therefore, this information is omitted. (Notes on a substantial change in the amount of shareholders’ equity) Not applicable. (Notes on going concern assumption) Not applicable. (Notes on statements of cash flows) No quarterly consolidated statements of cash flows have been prepared for the three months ended June 30, 2025. Depreciation (including amortization of intangible fixed assets other than goodwill) and amortization of goodwill for the three months ended June 30 are as shown below. Three months ended June 30, 2024 Three months ended June 30, 2025 Depreciation ¥1,558 million ¥1,788 million Amortization of goodwill ¥8 million ¥‒ million (end)
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August 6, 2025 Supplementary Materials for the First Quarter of the FY2025 Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
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Table of Contents Supplementary Materials for the First Quarter of the FY2025 1. Income Analysis (Non-consolidated) .................................................................................................... 1 2. Disclosure Based on the Categories of the Financial Revitalization Act (Non -consolidated) ··· 2 3. Consolidated Capital Adequacy Ratios (Japanese Domestic Standard) ······································ 2 4. Non-consolidated Capital Adequacy Ratios (Japanese Domestic Standard) ······························· 2 5. Consolidated Return on Equity (ROE) ················································································· 2 6. Securities (Consolidated) ·································································································· 3 7. Derivative Transactions (Consolidated) ················································································ 5 8. Interest Spread (Non-consolidated) ····················································································· 8 9. Deposits (Non-consolidated) ····························································································· 8 10. Time Deposits by Maturity (Non-consolidated)······································································· 8 11. General and Administrative Expenses (Non-consolidated) ······················································· 8
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1 1. Income Analysis (Non -consolidated) (Note) 1. (2) Gross Operating Profit = (3) Net Interest Income +(4) Net Fees and Commissions +(5) Net Other Operating income 2. (11) Net Operating Profit before Provision of Allowance for Loan Losses =(2) Gross Operating Profit －(7) General and Administrative Expenses 3. (13) Net Operating Profit = (2) Gross Operating Profit －(7) General and Administrative Expenses －(12) Provision of General Allowance for Loan Losses 4. (14) Core Net Operating Profit = (13) Net Operating Profit －(6) Net Gains (Losses) on Bonds +(12) Provision of General Allowance for Loan Losses 5. (32) OHR = (7) General and Administrative Expenses / (2) Gross Operating Profit (Millions of yen) No. FY2025 FY2024 Q1 YoY Q1 Ordinary Income 1 55,821 16,309 39,511 Gross Operating Profit 2 37,108 9,730 27,377 Net Interest Income 3 32,248 10,424 21,823 Net Fees and Commissions 4 3,551 204 3,347 Net Other Operating Income 5 1,308 (898) 2,206 Net Gains (Losses) on Bonds 6 － － － General and Administrative Expenses (excluding Non-recurring Losses) 7 (12,019) (1,636) (10,382) Personnel Expenses 8 (2,458) (491) (1,966) Non-personnel Expenses 9 (8,582) (948) (7,633) Taxes 10 (978) (196) (782) Net Operating Profit before Provision of Allowance for Loan Losses 11 25,088 8,094 16,994 Provision of General Allowance for Loan Losses 12 (156) 42 (199) Net Operating Profit 13 24,931 8,136 16,795 Core Net Operating Profit 14 25,088 8,094 16,994 Net Non-recurring Gains (Losses) 15 (687) 367 (1,054) Write-Off of Loans 16 (184) (58) (126) Provision of Specific Allowance for Loan Losses 17 (596) (214) (381) Other Disposal of Non-performing Loans 18 (0) (0) (0) Gains on Recoveries of Written-Off Claims 19 1 (0) 2 Other Non-recurring Gains (Losses) 20 91 641 (550) Ordinary Profit 21 24,244 8,503 15,740 Net Extraordinary Gains (Losses) 22 － 0 (0) Income before Income Taxes 23 24,244 8,504 15,740 Income Taxes 24 (7,405) (2,685) (4,719) Net Income 25 16,839 5,818 11,020 Total Credit Cost 26 (936) (232) (703) Provision of General Allowance for Loan Losses 27 (156) 42 (199) Write-Off of Loans 28 (184) (58) (126) Provision of Specific Allowance for Loan Losses 29 (596) (214) (381) Other Disposal of Non-performing Loans 30 (0) (0) (0) Gains on Recoveries of Written-Off Claims 31 1 (0) 2 OHR 32 32.3% (5.5)pp 37.9%
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2 2. Disclosure Based on the Categories of the Financial Revitalization Act (Non -consolidated) (Millions of yen) June 2024 June 2025 March 2025 Bankrupt and Practically Bankrupt Claims － － － Doubtful Claims 1,415 2,504 2,159 Claims Requiring Close Watch 1,589 3,033 2,265 Normal Claims 4,296,795 4,800,686 4,978,835 Total 4,299,800 4,806,224 4,983,260 (Note) The above is based on the categories of the Financial Revitalization Act 3. Consolidated Capital Adequacy Ratio (Japanese Domestic Standard) (Millions of yen) June 2024 June 2025 March 2025 Capital Adequacy Ratio 11.38% 10.68% 10.61% Total Capital 274,957 325,001 307,871 Total Required Capital 96,614 121,706 116,057 (Note) Disclosed based on Financial Service Agency Public Notice No. 7 (2014). 4. Non-consolidated Capital Adequacy Ratio (Japanese Domestic Standard) (Millions of yen) June 2024 June 2025 March 2025 Capital Adequacy Ratio 11.18% 10.86% 10.77% Total Capital 263,444 315,107 299,727 Total Required Capital 94,193 115,969 111,306 (Note) Disclosed based on Financial Service Agency Public Notice No. 7 (2014). 5. Consolidated Return on Equity (ROE) FY2023 FY2024 Consolidated ROE (Return on Equity) 14.1% 18.0% (Note) Return on Equity = Profit Attributable to Owners of Parent for the Period / Average of the Balance of Own Capital at the Beginning and End of the Period. Own Capital = Total Net Assets – Stock Acquisition Rights – Non-controlling Interests The balance of own capital for the beginning of the FY2023 was calculated as if the capital increase through a public offering in April 2023 and the increase due to a third -party allotment in May 2023 had been conducted at the beginning of the period, resulting in an increase in shareholders’ equity by JPY13,324m m.
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3 6. Securities (Consolidated) (Note) Includes trust beneficiary rights within “monetary claims bought” in addition to “securities” in the quarterly consolidated balance sheets. (i) Held -To Maturity Debt Securities FY202 4 (March 31, 202 5) (Millions of yen) Type Consolidated Balance Sheet Amount Fair Value Unrealized Gains/Losses Securities with Fair Value Exceeding Consolidated Balance Sheet Amount Japanese Government Bonds － － － Japanese Municipal Bonds － － － Short-Term Corporate Bonds － － － Corporate Bonds 54,404 54,582 177 Others － － － Subtotal 54,404 54,582 177 Securities with Fair Value Not Exceeding Consolidated Balance Sheet Amount Japanese Government Bonds 617,229 587,682 (29,547) Japanese Municipal Bonds － － － Short-Term Corporate Bonds － － － Corporate Bonds 595,874 583,571 (12,303) Others － － － Subtotal 1,213,104 1,171,253 (41,850) Total 1,267,508 1,225,836 (41,672) Q1 FY202 5 (June 30 , 202 5) (Millions of yen) Type Quarterly Consolidated Balance Sheet Amount Fair Value Unrealized Gains/Losses Securities with Fair Value Exceeding Quarterly Consolidated Balance Sheet Amount Japanese Government Bonds － － － Japanese Municipal Bonds － － － Short-Term Corporate Bonds － － － Corporate Bonds 71,544 71,941 396 Others － － － Subtotal 71,544 71,941 396 Securities with Fair Value Not Exceeding Quarterly Consolidated Balance Sheet Amount Japanese Government Bonds 616,850 591,661 (25,188) Japanese Municipal Bonds － － － Short-Term Corporate Bonds － － － Corporate Bonds 674,538 664,050 (10,488) Others － － － Subtotal 1,291,388 1,255,711 (35,677) Total 1,362,933 1,327,653 (35,280)
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4 (ii) Other Securities FY202 4 (March 31, 202 5) (Millions of yen) Type Acquisition Cost Consolidated Balance Sheet Amount Unrealized Gains/Losses Securities with Consolidated Balance Sheet Amount Exceeding Acquisition Costs Equity Securities － － － Bonds － － － Japanese Government Bonds － － － Japanese Municipal Bonds － － － Short-Term Corporate Bonds － － － Corporate Bonds － － － Others 256,314 256,055 258 Foreign Bonds 175,188 174,958 229 Others 81,126 81,097 29 Subtotal 256,314 256,055 258 Securities with Consolidated Balance Sheet Amount Not Exceeding Acquisition Costs Equity Securities － － － Bonds 152,064 161,464 (9,400) Japanese Government Bonds 115,088 123,473 (8,385) Japanese Municipal Bonds － － － Short-Term Corporate Bonds － － － Corporate Bonds 36,976 37,991 (1,014) Others 420,677 438,112 (17,434) Foreign Bonds 193,410 194,172 (762) Others 227,267 243,939 (16,672) Subtotal 572,741 599,576 (26,834) Total 829,056 855,632 (26,576) Q1 FY202 5 (June 30 , 202 5) (Millions of yen) Type Acquisition Cost Quarterly Consolidated Balance Sheet Amount Unrealized Gains/Losses Securities with Quarterly Consolidated Balance Sheet Amount Exceeding Acquisition Costs Equity Securities － － － Bonds 8,081 8,077 4 Japanese Government Bonds － － － Japanese Municipal Bonds － － － Short-Term Corporate Bonds － － － Corporate Bonds 8,081 8,077 4 Others 297,788 297,232 556 Foreign Bonds 223,930 223,404 526 Others 73,858 73,828 29 Subtotal 305,870 305,309 560 Securities with Quarterly Consolidated Balance Sheet Amount Not Exceeding Acquisition Costs Equity Securities － － － Bonds 142,421 150,736 (8,314) Japanese Government Bonds 115,968 123,348 (7,380) Japanese Municipal Bonds － － － Short-Term Corporate Bonds － － － Corporate Bonds 26,453 27,387 (933) Others 396,307 411,858 (15,551) Foreign Bonds 154,384 155,005 (620) Others 241,922 256,853 (14,930) Subtotal 538,728 562,594 (23,865) Total 844,599 867,904 (23,304)
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5 7. Derivative Transactions (Consolidated) (i) Interest Rate -Related Transactions FY202 4 (March 31, 202 5) (Millions of yen) Category Type Notional Amount Fair Value Unrealized Gains/Losses Total Over 1 Year OTC Interest Rate Swaption Sold 156,748 156,748 (19,799) (19,799) Purchased 156,862 156,862 19,786 19,786 Total － － (12) (12) (Note) 1. The above is based on a mark-to-market valuation and has been recorded on the consolidated statements of income. Derivative transactions to which hedge accounting is applied based on the rules of the “Accounting and Auditing Treatment of Accounting Standard for Financial Instruments in the Banking Industry” (Japanese Institute of Certified Public Accountants (“JICPA”) Industry Committee Practical Guideline No. 24, March 17, 2022,) etc. are not included in the above. 2. Interest swaps include interest swaption transactions which are difficult to differentiate for our bank. Q1 FY202 5 (June 30 , 202 5) (Millions of yen) Category Type Notional Amount Fair Value Unrealized Gains/Losses Total Over 1 Year OTC Interest Rate Swaption Sold 160,720 160,720 (19,842) (19,842) Purchased 160,813 160,813 19,759 19,759 Total － － (82) (82) (Note) 1. The above is based on a mark-to-market valuation and has been recorded on the quarterly consolidated statements of income. Derivative transactions to which hedge accounting is applied based on the rules of the “Accounting and Auditing Treatment of Accounting Standard for Financial Instruments in the Banking Industry” (Japanese Institute of Certified Public Accountants (“JICPA”) Industry Committee Practical Guideline No. 24, March 17, 2022,) etc. are not included in the above. 2. Interest swaps include interest swaption transactions which are difficult to differentiate for our bank.
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6 (ii) Foreign Currency -Related Transactions FY202 4 (March 31, 202 5) (Millions of yen) Category Type Notional Amount Fair Value Unrealized Gains/Losses Total Over 1 Year OTC Forward Exchange Contracts Sold 681,330 330 2,212 2,212 Purchased 771,370 1,790 1,059 1,059 Currency Options Sold 59 － (0) (0) Purchased 59 － 0 0 Currency Swaps 12,262 12,262 (3,672) (3,672) Total － － (400) (400) (Note) The above is based on a mark-to-market valuation and has been recorded on the consolidated statements of income. Currency swap transactions, etc., to which hedge accounting is applied and those attached to foreign currency-denominated monetary claims and obligations, etc., that are reflected in the consolidated balance sheets of the relevant foreign currency- denominated monetary claims and obligations, etc., or foreign currency-denominated monetary claims and obligations, etc. that are eliminated in consolidation based on the rules of the “Accounting and Auditing Concerning Accounting for Foreign Currency Transactions in Banking Industry” (JICPA Industry Committee Practical Guidance No. 25, October 8, 2020,) etc. are not included in the above. Q1 FY202 5 (June 30 , 202 5) (Millions of yen) Category Type Notional Amount Fair Value Unrealized Gains/Losses Total Over 1 Year OTC Forward Exchange Contracts Sold 521,007 236 2,708 2,708 Purchased 626,417 1,684 1,618 1,618 Currency Options Sold － － － － Purchased － － － － Currency Swaps 12,262 12,262 (3,152) (3,152) Total － － 1,174 1,174 (Note) The above is based on a mark-to-market valuation and has been recorded on the quarterly consolidated statements of income. Currency swap transactions, etc., to which hedge accounting is applied and those attached to foreign currency- denominated monetary claims and obligations, etc., that are reflected in the quarterly consolidated balance sheets of the relevant foreign currency-denominated monetary claims and obligations, etc., or foreign currency-denominated monetary claims and obligations, etc. that are eliminated in consolidation based on the rules of the “Accounting and Auditing Concerning Accounting for Foreign Currency Transactions in Banking Industry” (JICPA Industry Committee Practical Guidance No. 25, October 8, 2020,) etc. are not included in the above.
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7 (iii) Bond-Related Transactions FY2024 (March 31, 2025) (Millions of yen) Category Type Notional Amount Fair Value Unrealized Gains/Losses Total Over 1 Year Listed Bond Futures Sold － － － － Purchased 274 － 2 2 Total － － 2 2 (Note) The above is based on a mark-to-market valuation and has been recorded on the consolidated statements of income. Derivative transactions to which hedge accounting is applied are not included in the above. Q1 FY2025 (June 30, 2025) Not applicable
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8 8. Interest Spread (Non-consolidated) (%) Q1 FY202 4 Q1 FY202 5 FY2024 Yield on interest earning assets 0.76 1.16 0.87 Total cost of funding (including expenses) 0.41 0.62 0.48 Overall interest spread 0.35 0.54 0.39 Cost of interest bearing liabilities 0.10 0.28 0.17 Interest spread 0.66 0.88 0.70 9. Deposits (Non-consolidated) (Millions of yen) June 2024 June 2025 March 202 5 Ordinary Deposits 9,978,361 10,532,616 10,310,507 Time Deposits 871,715 1,092,574 1,072,777 Other Deposits 93,896 103,028 93,037 Total 10,943,974 11,728,220 11,476,322 10. Time Deposits by Maturity (Non -consolidated) (Millions of yen) 1 Year or Less Over 1 Year 2 Years or Less Over 2 Years 3 Years or Less Over 3 Years Total June 2024 804,315 57,233 4,157 6,009 871,715 June 2025 921,008 152,464 5,786 13,315 1,092,574 March 2025 903,215 154,093 4,719 10,749 1,072,777 11. General and Administrative Expenses (Non -consolidated) (Millions of yen) Q1 FY202 4 Q1 FY202 5 FY2024 Personnel Expenses 1,966 2,458 7,913 Non-personnel Expenses 7,633 8,582 31,296 Depreciation and Amortization Expenses 1,324 1,551 5,426 Tax and Due 782 978 3,317 Total 10,382 12,019 42,527 (end)