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Financial Results for the Three Months Ended June 30 , 2026 August 2026 ZENKOKU HOSHO Co. , Ltd. 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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3,568 million yen 3,519 million yen 3,964 million yen FY2025/3 1Q FY2026/3 1Q FY2027/3 1Q 17.9 trillion yen 19.7 trillion yen 21.5 trillion yen 2024/6 2025/6 2026/6 2 Summary of Business Results for the Three Months Ended June 30, 2026 (P/L) ✓ Operating revenue increased as the outstanding guarantee exposure remained steady. Profit increased year -on-year due to higher non- operating income from investment income and an increase in equity-method affiliates FY2026/3 1Q FY2027/3 1Q YoY Operating revenue 11,481 11,772 2.5% Operating expenses 3,768 4,048 7.4% Expenses related to credit 1,000 1,066 6.5% Provision for loss on guarantees 1,056 1,321 25.1% Provision of allowance for doubtful accounts -56 -255 - Salaries, allowances and bonuses 583 623 6.8% Other 2,184 2,358 8.0% Operating profit 7,712 7,724 0.1% Non-operating income 1,166 1,850 58.6% Non-operating expenses 227 239 5.5% Ordinary profit 8,652 9,335 7.9% Extraordinary income and loss 0 160 - Profit attributable to owners of parent 5,999 6,562 9.4% Outstanding guarantee exposure 403.8 billion yen 429.7 billion yen 488.6 billion yen FY2025/3 1Q FY2026/3 1Q FY2027/3 1Q Amount of new guarantees granted Amount repaid in subrogation +10.4% +9.0% +6.4% +13.7% -1.4% +12.6% (Unit: million yen)
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3 Main Factors for Changes in Profit Attributable to Owners of Parent +0.2bn yen FY2026/3 1Q Profit attributable to owners of parent 6.5bn yen-0.06bn yen +0.6bn yen Increase in operating revenue Increase in expenses related to credit Non-operating income and loss Increase in other operating expenses -0.2bn yen Operating revenue +0.0bn yen 5.9bn yen FY2027/3 1Q Profit attributable to owners of parent +0.4bn yen Increases in interest income and dividend income +0.1bn yen Share of profit of entities accounted for using equity method Nakanihon Sogo Shinyo (amount equivalent to gain on bargain purchase) Non-recurring factors 0.1bn yen Extraordinary income and loss Income taxes and other -0.2bn yen +0.1bn yen Gains on the sale of cross- shareholdings ✓ Profit attributable to owners of parent increased by 0.5 billion yen year-on-year, mainly due to increases in interest income and dividend income and the recording of share of profit of entities accounted for using equity method +0.09bn yen Share of profit of entities accounted for using equity method INTELLEX HOLDINGS
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4 Forecast of Earnings for the Fiscal Year Ending March 31, 2027 (Announced on May 8, 2026) (Unit: million yen) FY2026/3 FY2027/3 Change Operating revenue 58,739 60,600 3.2% Operating expenses 17,357 18,600 7.2% Expenses related to credit 5,550 6,000 8.1% Provision for loss on guarantees 5,983 6,200 3.6% Provision of allowance for doubtful accounts -433 -200 - Salaries, allowances and bonuses 2,739 2,900 5.9% Other 9,067 9,700 7.0% Operating profit 41,382 42,000 1.5% Non-operating income 6,344 6,400 0.9% Non-operating expenses 1,145 1,200 4.8% Ordinary profit 46,581 47,200 1.3% Extraordinary income and loss 0 300 - Profit attributable to owners of parent 32,526 32,700 0.5% Assumptions of earnings forecast FY2026/3 FY2027/3 Change Outstanding guarantee exposure* (unit: trillion yen) 21.4 22.5 5.0% New guarantees granted (unit: billion yen) 1,919.4 1,960.0 2.1% Amount repaid in subrogation (unit: billion yen) 16.5 17.0 2.8% Collected right to reimbursement (unit: billion yen) 10.5 11.0 4.3% Key figures FY2026/3 FY2027/3 Change EPS ¥243.70 Forecast ¥ 246.12 1.0% Dividend per share ¥120 Forecast ¥123 2.5% ROE 13.4% Target 14% - * Total housing loan receivables (including some for investment purposes) backing RMBS, ABLs, and loss compensation contracts in addition to outstanding guarantee exposure of ZENKOKU HOSHO and Group companies ✓ We plan to achieve increases in both revenue and profit through the accumulation of outstanding guarantee exposure, as well a s the leveling off of the pace of increase in expenses related to credit (Note) As the presentation method was changed beginning with the three months ended June 30, 2026, the amounts of non -operating income, ordinary profit, and extraordinary income and loss for the fiscal year ended March 31, 2026, as well as the year-on-year changes for the fiscal year ending March 31, 2027, have been calculated using the reclassified figures reflecting this change in the presentation method.
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5 Major Factors for Changes in Profit Attributable to Owners of parent (Forecast of Earnings for the Fiscal Year Ending March 31, 2027) (Announced on May 8, 2026) +1.8bn yen -0.4bn yen +0.0bn yen Increase in operating revenue Increase in expenses related to credit Non-operating income and loss Other operating expenses -0.7bn yen Operating revenue +0.6bn yen +1.0bn yen Increases in interest and dividend income -0.9bn yen Decrease in share of profit of entities accounted for using equity method (absence of amount equivalent to a gain on bargain purchase, etc.) Recording of provision for benefit payments covering a five-year period, following the introduction of the Employee Stock Ownership Plan -0.9bn yen Increase in salaries, allowances, and bonuses -0.2bn yen Cost savings resulting from the discontinuation of the shareholder benefit program 0.4bn yen Income taxes and other -0.7bn yen ✓ Following the introduction of the Employee Stock Ownership Plan, a provision will be recorded for benefit payments covering a five-year period (approximately 0.9 billion yen) ✓ Revenue is expected to increase, despite the absence of share of profit of entities accounted for using equity method equival ent to gain on bargain purchase +0.2bn yen Recording of gain on sale of investment securities +0.2bn yen Extraordinary income and loss FY2026/3 Profit attributable to owners of parent FY2027/3 Profit attributable to owners of parent 32.7bn yen 32.5bn yen Increase in operating revenue of ZENKOKU HOSHO (non-consolidated) 2.3bn yen Transfer of credit card services of a subsidiary (ChibaKoginCard Service*) -0.4bn yen * ChibaKoginCard Service, Co., Ltd. changed its company name to Nanohana Guarantee Co., Ltd. in June 2026.
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Asset FY2026/3 FY2027/3 1Q Change Current assets 130,927 123,024 -6.0% Cash and deposits 72,545 69,293 -4.5% Right to reimbursement 19,880 21,465 8.0% Securities 44,094 39,108 -11.3% Allowance for doubtful accounts -9,905 -10,971 - Non-current assets 369,903 370,686 0.2% Investments and other assets 366,959 367,947 0.3% Investment securities 309,145 319,025 3.2% Long-term loans receivable 23,544 20,480 -13.0% Long-term time deposits 28,000 23,000 -17.9% Total assets 500,831 493,710 -1.4% Liabilities FY2026/3 FY2027/3 1Q Change Current liabilities 41,042 35,799 -12.8% Unearned revenue 19,364 19,076 -1.5% Income taxes payable 7,934 2,783 -64.9% Provision for loss on guarantees 9,181 9,154 -0.3% Non-current liabilities 214,640 214,940 0.1% Long-term borrowings 30,000 30,000 - Long-term unearned revenue 183,985 184,269 0.2% Total liabilities 255,682 250,739 -1.9% Net assets Shareholders’ equity 242,823 239,399 -1.4% Total accumulated other comprehensive income 2,325 3,571 53.6% Total net assets 245,148 242,970 -0.9% Total liabilities and net assets 500,831 493,710 -1.4% ✓ Investments and other assets increased due to the purchase of bonds and other instruments 6 Summary of Business Results for the Three Months Ended June 30, 2026 (B/S) (Unit: million yen)
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7 Impact of Rising Interest Rates on the Company ✓ Impact on expenses related to credit is limited ✓ Meanwhile, investment income is expected to increase, resulting in a significant positive impact overall Expenses related to credit ✓ Many variable interest rate housing loans are subject to the 125% rule*, making it unlikely that the subrogation rate will increase due to a higher burden on households ✓ Even when subrogation occurs, over 70% is recovered through property disposal, limiting the impact on expenses related to credit Non-operating income/expenses ✓ The Company manages a total of over 400 billion yen, comprising guarantee fees (unearned revenue) and required capital, and investment yields will rise by replacing assets in the portfolio in line with the redemption of held-to-maturity securities ✓ Bonds held by the Company constitute a portfolio with diversified redemption terms, and continuous increase in yield can be expected. ✓ As interest rates rise, some financial institutions are once again adopting proactive promotion policies, increasing the needs to use ZENKOKU HOSHO as an external guarantor ✓ As the needs for the Company’s services increase, outstanding guarantee exposure will accumulate, leading to a gradual increase in operating revenue Operating revenue * Special clauses for variable interest rate housing loans that limit the repayment amount to 1.25 times at the time of review every five years. They apply to many housing loans in Japan. Demand is expected to increase Limited impact Positive Impact on the Company (1-5 years)
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8 Status of New Guarantees Granted (Organic Growth) 1Q 4,038 1Q 4,297 1Q 4,886 2Q 4,571 2Q 4,799 3Q 4,556 3Q 4,960 4Q 4,722 4Q 5,136 0 5,000 10,000 15,000 20,000 FY2025/3 FY2026/3 FY2027/3 17,889 (56,751) 19,194 YoY +7.3% (57,370) +13.7% Amount of new guarantees granted (Figures in parentheses indicate the number of guarantees granted) ✓ While the number of new housing starts remained sluggish, the amount of new guarantees granted increased due to the contribut ion from increase in the guarantee fee +8.9% +5.0% +6.4% +8.7% (12,998) (13,353) (14,186) (14,478) (14,817) (14,722) (14,818) (14,568) (14,367) Annual plan 19,600 YoY +2.1% ✓ Announced an initiative with INTELLEX HOLDINGS Group and Rakuten Bank • Press release issued on July 31, 2026. An overview is provided on the following page. ✓ Continued a support program targeting the child-rearing generation • Offered preferential terms on debt-to-income ratios and guarantee fees for applicants under 40 ✓ Improved convenience through the provision of DX services • Provided a web-based application service (WSS) specialized for preliminary screening applications, as well as the My Page service (ZEWS) that connects financial institutions, housing developers, and end users (Unit: 100 million yen) Initiatives for the fiscal year ended March 31, 2027 New housing loan market Addressable market Source: Japan Housing Finance Agency “New Lending and Outstanding Amounts for Housing Loans by Lender” Amount of new guarantees of ZENKOKU HOSHO 1.9 trillion yen Amount of new housing loans Approx. 21 trillion yen
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9 Initiative with INTELLEX HOLDINGS Group and Rakuten Bank (Released on July 31, 2026) ✓ Two companies in INTELLEX HOLDINGS Group (INTELLEX, Co., Ltd. and FLIE, Co., Ltd.), Rakuten Bank, Ltd., and the Company have launched a new initiative relating to housing loans ✓ About this initiative •Through this initiative, we will establish a framework to make it easier for prospective homebuyers to understand their eligible housing loan amount and the prospects for screening results at the stage of selecting a property. •This will make it easier for prospective homebuyers to consider properties that suit their financial plans. It is also expected to reduce uncertainty for companies involved in real estate transactions, regarding procedures and schedule coordination after the conclusion of a sale and purchase agreement. •Through this initiative, we will alleviate concerns about financial planning for the purchase of used housing and contribute to creating an environment in which prospective homebuyers can select a home with greater peace of mind.
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14.4% 8.4% 0.2% 4.3% 1.2% -3.8% 4.0% 14.9% 0 2 4 6 8 10 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2025/3 FY2026/3 FY2027/3 Amounts of New Housing Loan Banks Shinkin Banks YoY(Unit: trillion yen) -1.9% -6.0% -2.1% 8.8% -27.7% -8.0% -2.4% -12.4% 19.2% 0 50 100 150 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2025/3 FY2026/3 FY2027/3 Number of New Housing Starts Owner-occupied + detached houses Condominiums YoY(Unit: thousand houses) 10.7% 5.7% 7.6% 26.8% 30.7% 34.1% 32.6% 4.6% -0.6% 0 20 40 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q FY2025/3 FY2026/3 FY2027/3 Number of Used Housing Transactions Used housing Used condominiums YoY(Unit: thousand cases) 138.5 140.8 140.7 145.9 144.3 146.0 148.0 135 140 145 150 155 160 24/6 24/9 24/12 25/3 25/6 25/9 25/12 26/3 26/6 26/9 26/12 27/3 Property Price Index (Residential) 10 The Housing Market and the Housing Loan Market ✓ The number of used housing transactions continues to show strong performance. Against the backdrop of rising housing prices, etc., the amounts of new housing loan provided by financial institutions are trending upward year -on-year Source: Prepared by ZENKOKU HOSHO based on “Housing Starts Statistics, Owner occupied houses and detached houses for sale,” Ministry of Land, Infrastructure, Transport and Tourism Source: Prepared by ZENKOKU HOSHO based on “Property Price Index ” (average price in 2010 = 100), Ministry of Land, Infrastructure, Transport and Tourism Source: Prepared by ZENKOKU HOSHO based on “Loans to individuals,” Bank of JapanSource: Prepared by ZENKOKU HOSHO based on “Property trends in the real estate information network system,” The Real Estate Transaction Promotion Center Not yet announced Not yet announced Not yet announced Not yet announced
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11 Acquisition of Outstanding Guarantee Exposure from the Existing Housing Loan Market (Inorganic Growth) Method FY2025/3 FY2026/3 FY2027/3 1Q M&A 869.5 billion yen ChibaKoginCard Service (currently Nanohana Guarantee) Mie Sogo-Shinyo Tohoku Guarantee Service - 241.0 billion yen* Nakanihon Sogo Shinyo ABLs, RMBS 2 cases 304.0 billion yen 4 cases 1,579.1 billion yen - Loss compensation 1 case 43.4 billion yen 1 case 94.5 billion yen - Total 1,217.0 billion yen 1,673.6 billion yen 241.0 billion yen ✓ We acquired shares of Nakanihon Sogo Shinyo Co., Ltd. and made it an equity-method affiliate * Calculated by multiplying Nakanihon Sogo Shinyo’s outstanding guarantee exposure of 625.9 billion yen by the Company’s shareholding ratio of 38.5% ✓ Acquired a guarantee company • Acquired shares of Nakanihon Sogo Shinyo Co., Ltd. (Headquarters: Nagoya-shi, Aichi Prefecture) and made it an equity-method affiliate • The company was established in February 1975 as a joint venture among second-tier regional banks in the Chubu region, with the aim of providing guarantee services. • Of the outstanding balance of 625.9 billion yen guaranteed by the company, 241.0 billion yen was recorded as the Company’s outstanding guarantee exposure based on its shareholding ratio. ✓ Demand from financial institutions remains strong • The existing housing market is immense, worth over 210 trillion yen. • Demand from financial institutions remains strong, leaving room for further growth. Results of acquisition of outstanding guarantee exposure from the existing housing loan market Initiatives for the year ended March 31, 2027 Serviceable market Existing housing loan market Source: Japan Housing Finance Agency “New Lending and Outstanding Amounts for Housing Loans by Lender” Outstanding guarantee exposure of ZENKOKU HOSHO 21.4 trillion yen Outstanding housing loans extended by private financial institutions Approx. 210 trillion yen
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12 Overview of Inorganic Growth Methods Organic growth Inorganic growth New guarantees granted M&As ABLs, RMBS Loss compensation*1 Inorganic growth: cumulative acquisitions (As of June 30, 2026) ー 7 companies 1,520.7 billion yen 19 cases 2,685.3 billion yen 3 cases 377.9 billion yen Contents of contract Guarantee entrustment agreement Share transfer agreement Risk transfer agreement Loss compensation agreement Average payoff period*2 15 years 15 years ABLs: 6 years RMBS: 15 years 6 years [FY2026/3] Outstanding guarantee exposure at beginning of period 17,076.6 billion yen 1,141.4 billion yen 957.6 billion yen 283.4 billion yen Required capital*3 at beginning of period 199.1 billion yen 13.3 billion yen 4.4 billion yen 1.3 billion yen PL Operating revenue 55.7 billion yen Operating profit 40.0 billion yen Operating revenue 2.3 billion yen Operating profit 0.9 billion yen Non-operating income 0.63 billion yen Ordinary profit 0.63 billion yen Operating revenue 0.14 billion yen Operating profit 0.14 billion yen *1 A mechanism under which risks arising from housing loan receivables are assumed and guarantee fees are received as consideration *2 For ABLs and loss compensation, the contract period is used. *3 Capital required for outstanding guarantee exposure. Calculated as outstanding guarantee exposure × PD × LGD × average payoff period. PD, LGD, and average payoff period are set by the Company based on past results.
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13 Status of Outstanding Guarantee Exposure ✓ We steadily expanded the scale of the guarantee business through new guarantees granted and acquisition from the existing hou sing loan market Inorganic growth Net increase -0.0 trillion yen Organic growth Net increase +0.2 trillion yen New guarantees granted +0.4 trillion yen Decrease due to repayments -0.2 trillion yen Decrease due to repayments -0.3 trillion yen Acquisition from the existing housing loan market +0.2 trillion yen 2026/3 Outstanding guarantee exposure 21.4 trillion yen 2026/6 Outstanding guarantee exposure 21.5 trillion yen Group companies -0.0 trillion yen ABLs, RMBS, loss compensation -0.3 trillion yen
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2024/6 2024/9 2024/12 2025/3 2025/6 2025/9 2025/12 2026/3 2026/6 ZENKOKU HOSHO 164,982 166,756 168,667 170,766 172,469 174,507 177,144 179,173 181,538 Subsidiaries and affiliates 3,204 8,623 8,472 11,414 11,213 11,004 10,820 10,595 12,812 ABLs, RMBS 8,618 10,534 10,454 9,576 11,394 9,748 13,501 20,746 17,680 Loss compensation* 2,381 2,360 2,338 2,834 2,811 2,787 2,764 3,779 3,741 Total 179,187 188,274 189,933 194,591 197,889 198,047 204,230 214,294 215,773 14 Detail of Outstanding Guarantee Exposure ● 2024/7: ChibaKoginCard Service converted into a subsidiary (currently Nanohana Guarantee) ● 2025/2: Mie Sogo-Shinyo converted into a subsidiary ● 2025/2: Tohoku Guarantee Service converted into a subsidiary (2026/3: Merged with Tsukuba Shinyo Hosho) ● 2026/6: Nakanihon Sogo Shinyo became an equity-method affiliate * A mechanism under which risks arising from housing loan receivables are assumed and guarantee fees are received as consideration (Unit:100 million yen)
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15 Plan for Outstanding Guarantee Exposure (Announced on May 8, 2026) ✓ We plan to achieve net increases of 0.7 trillion yen from organic growth and 0.3 trillion yen from inorganic growth Inorganic growth Net increase +0.3 trillion yen Organic growth Net increase +0.7 trillion yen New guarantees granted +1.9 trillion yen Decrease due to repayments -1.2 trillion yen Decrease due to repayments -0.8 trillion yen Acquisition from the existing housing loan market +1.2 trillion yen 2026/3 Outstanding guarantee exposure 21.4 trillion yen 2027/3 Outstanding guarantee exposure 22.5 trillion yen Group companies -0.1 trillion yen ABLs,* RMBS, loss compensation -0.7 trillion yen * ABLs have a short average repayment period, and therefore tend to show larger decreases due to repayments.
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16 Status of Subrogation and Collected Right to Reimbursement 20 16 15 20 24 23 18 18 20 20 24 17 16 21 25 27 14 19 25 29 28 73.0% 77.4% 74.8% 72.8% 71.2% 72.1% 0 50 100 150 2022/3 2023/3 2024/3 2025/3 2026/3 2027/3 22 26 29 35 35 39 24 24 27 37 41 18 27 32 36 39 29 29 33 35 48 0.07% 0.07% 0.08% 0.09% 0.09% 0.09% 0 50 100 150 200 2022/3 2023/3 2024/3 2025/3 2026/3 2027/3 ✓ The collateral disposal recovery rate has remained at a high level, given the soaring real estate prices, particularly in urban areas, and an increase in the number of used housing transactions. ✓ The amount repaid in subrogation remained at roughly the same level as the previous year, given the continued favorable employment. ✓ Rising mortgage rates have not been observed to affect the subrogation rate. 93 107 122 144 165 71 71 83 96 105 Subrogation rate Amount repaid in subrogation (Unit:100 million yen) Amount of collected right to reimbursement (Unit:100 million yen) Collateral disposal recovery rate 170 （Plan） 110 （Plan） （Plan） （Plan） *1 *2 *1 *2 Subrogation Collected right to reimbursement *1 Amount repaid in subrogation / outstanding guarantee exposure at the beginning of the period (total of ZENKOKU HOSHO non-consolidated and Group companies) *2 Includes Group companies from the fiscal year ended March 31, 2023. *1 Percentage of guarantees of housing loans extended by private financial institutions to individual borrowers that are recovered through the sale of properties pledged as collateral (voluntary sale or auction) *2 Includes Group companies from the fiscal year ended March 31, 2023.
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17 Unemployment Rate, Jobs-to-applicants Ratio, Number of Corporate Bankruptcies Source: Ministry of Health, Labour and Welfare. The job-to-applicants ratio does not include part-time jobs. 2.5 2.4 2.5 2.5 2.5 2.6 2.6 2.7 2.5 1.27 1.28 1.30 1.30 1.27 1.25 1.24 1.23 1.24 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 6 9 12 3 6 9 12 3 6 FY2025/3 FY2026/3 FY2027/3 Unemployment rate (Unit: %) Job-to-applicants ratio (Unit: times) 0 200 400 600 800 1,000 1,200 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 FY2025/3 FY2026/3 FY2027/3 ✓ The number is trending upward mainly due to sustained high prices and rising labor costs. 10,144 cases (YoY +12.1%) 10,505 cases (YoY +3.6%) 2,684 cases2,533 cases YoY +6.0% Unemployment Rate / Jobs-to-applicants Ratio Number of Corporate Bankruptcies ✓ Labor shortages persist in the labor market, and signs of deterioration have not been observed in the unemployment rate or the job-to-applicants ratio. (Unit: cases) Source: TOKYO SHOKO RESEARCH, LTD. (Unit: %, times)
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18 Improvement in Asset Management Yields 10 10 10 10 11 12 12 14 15 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q FY2025/3 FY2026/3 FY2027/3 Trend in interest income, dividend income, etc. YoY +36.0% Interest income, dividend income, etc.: 4.1 billion yen Interest income, dividend income, etc. : 5.0 billion yen (Unit:100 million yen) ✓ In a world with positive interest rates, interest income and dividend income are trending upward, and yields are improving th rough the replacement of held-to-maturity bonds upon redemption ✓ Bonds held by the Company constitute a portfolio with diversified redemption terms, and a continuous yield improvement is expected going forward Reference: Balance of Bonds Held* by Scheduled Fiscal Year of Redemption (as of March 31, 2026) 251 262 295 305 320 FY2027/3 FY2028/3 FY2029/3 FY2030/3 FY2031/3 (Unit:100 million yen) 0.68% 0.83% 1.37% 1.12% 1.13% Average yield Yields improve through replacement upon redemption (Average yield on bonds purchased from April to June 2026: 3.36%) * Domestic bonds held by ZENKOKU HOSHO (non-consolidated) (based on face value and excluding commercial papers) Scheduled fiscal year of redemption ・ ・ ・ ・ ・ ・
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19 Capital Policy for the Fiscal Year Ending March 31, 2027 (Assumptions at the Time of the Initial Earnings Forecast) 2026/3 2027/3 Required capital will increase following the growth in outstanding guarantee exposure Forecast for dividends: 16.3 billion yen (FY2027/3) ・ Dividend per share: 123 yen (dividend payout ratio of 50.0%) Profit 32.7bn yen Shareholder return 16.3bn yen Required capital* 233.1bn yen Usable 28.3bn yen Required capital* 245.6bn yen Usable 32.2bn yen To be utilized for investment in housing-related fields (hurdle rate of 10% or more) Funds will be flexibly allocated for share buybacks when they are unused As of March 31, 2027 Outstanding guarantee exposure Required capital ZENKOKU HOSHO 18.6 trillion yen 217.7 billion yen Group companies 1.3 trillion yen 16.5 billion yen ABLs, loss compensation, etc. 2.4 trillion yen 11.4 billion yen Total 22.5 trillion yen 245.6 billion yen ✓ While securing capital required as a guarantee company, we will utilize capital to improve ROE Growth in outstanding guarantee exposure Required capital Organic growth (New guarantees granted) +0.7 trillion yen +8.8 billion yen Inorganic growth (Acquisition from the existing housing loan market) +0.3 trillion yen +3.7 billion yen Required capital 12.5bn yen * Capital required for outstanding guarantee exposure. Calculated as outstanding guarantee exposure × PD × LGD × average payoff period. PD, LGD, and average payoff period are set by the Company based on past results.
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22% 22% 22% 22% 22% 25% 25% 27% 30% 33% 36% 41% 45% 49% 50% 20 Shareholder Returns (Announced on May 8, 2026) Interim 45 Interim 5010.7 15 24 27.5 31 40 43.5 47.5 58.5 66.5 74 85 106 Year-end 75 Year-end 73 2013/3 2014/3 2015/3 2016/3 2017/3 2018/3 2019/3 2020/3 2021/3 2022/3 2023/3 2024/3 2025/3 2026/3 2027/3 6.9 bn yen 6.9 bn yen Total amount of treasury shares acquisition - - - - - - - - - - - - Forecast Dividend payout ratio Dividend per share (adjusted to reflect the share split) (Yen) 120 ✓ We maintained the dividend payout ratio of 50%. ✓ We ensured stable and consistent shareholder returns and flexibly deployed share buybacks. 123
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Disclaimer This material is prepared by ZENKOKU HOSHO Co., Ltd. (hereinafter, “Zenkoku Hosho”) with the aim of helping investors understand Zenkoku Hosho and is provided purely for reference. The information contained in the material is prepared based on generally accepted economic and social conditions as of August 5, 2026, and on certain assumptions that Zenkoku Hosho believes to be reasonable as well as on Zenkoku Hosho’s sole judgment. However, the information may change without notice subject to fluctuations in the business environment. Notes Regarding Future Prospects Data and information provided in this announcement include so-called “forward-looking statements.” These are based on assumptions associated with current estimations, predictions, and risks, and include uncertainties that could cause results to be substantially different from the description. The risks and uncertainties include general economic conditions both in Japan and overseas, such as general industrial and market situations, interest rates, and currency exchange fluctuations. Even in the case where there is new information or are related events in the future, etc., Zenkoku Hosho shall not be obliged to update and correct any “forward-looking statements” contained in this announcement. Disclaimer and Notes Regarding Future Prospects