Interim report
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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. Consolidated Summary Report <under Japanese GAAP> for the six months ended September 30, 2026 November 2, 2026 Company name: SBI Shinsei Bank, Limited Stock exchange listings: Tokyo Code number: 8303 URL: https://www.sbishinseibank.co.jp/english/ Representative: Katsuya Kawashima, Representative Director, President For inquiry: Tsuyoshi Miyake, Executive Officer, Group Deputy CFO, General Manager of Group Financial and Regulatory Accounting Division TEL +81-3-6880-7000 Semi-annual securities report issuing date: November 13, 2026 Dividend payment date: December 1, 2026 Trading accounts: Established Supplemental information for financial statements: Available Investor meeting presentation: Scheduled (for institutional investors and analysts) (1) Results of Operations (% represents the change from the same period in the previous fiscal year) Ordinary Income Ordinary Profit Profit Attributable to Owners of Parent For the six months ended million yen % million yen % million yen % September 30, 2026 452,075 24.1 92,182 47.6 69,096 (0.4) September 30, 2025 364,215 25.3 62,439 103.2 69,366 56.2 September 30, 2026: 74,842 million yen, (35.1)% ; September 30, 2025: 115,364 million yen, 427.5% Basic Earnings per Share Diluted Earnings per Share For the six months ended yen yen September 30, 2026 77.89 77.75 September 30, 2025 86.92 - Total Assets Total Equity Equity-to-Asset Ratio As of million yen million yen % September 30, 2026 26,383,645 1,266,182 4.8 March 31, 2026 24,741,359 1,233,041 5.0 (Reference) Shareholders’ equity as of September 30, 2026: 1,258,118 million yen; March 31, 2026: 1,225,121 million yen (Amounts of less than one million yen are rounded down.) 1. Consolidated Financial Data for the Six Months ended September 30, 2026 Note: Comprehensive income Notes: 1. Effective on March 21, 2025, the Bank changed 12 shares of common stock into 12 shares of preferred stock; effective on July 27, 2025, the Bank conducted a stock split at a ratio of 14,000,000-for-1 of its common stock and its preferred stock, respectively; and effective on August 25, 2025, the Bank changed back all of the aforementioned preferred stock into common stock. Basic EPS was calculated assuming that the stock split had occurred at the beginning of the six-month period ended September 30, 2025. In addition, the average outstanding stocks for the six- month period ended September 30, 2025 also included preferred shares as equivalent to common stock. 2. For the six-month period ended September 30, 2025, the diluted EPS has not been disclosed because there are no dilutive potential common shares. (2) Financial Conditions Note: “Equity-to-asset ratio” is computed under the formula shown below (Total equity – Stock acquisition rights – Noncontrolling interests) / Total assets
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Dividends per Share 1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end Total For the fiscal year ended March 31, 2026 yen yen yen yen yen - 0.00 - 42.00 42.00 ending March 31, 2027 - 10.00 ending March 31, 2027 (Forecast) - - - (at least 42.00) (% represents the change from the previous fiscal year) Income Before Income Taxes million yen % For the fiscal year ending March 31, 2027 132,000 8.1 (A) Total stocks outstanding including treasury stocks: September 30, 2026 895,500,000 shares March 31, 2026 895,500,000 shares (B) Treasury stocks: September 30, 2026 8,500,010 shares March 31, 2026 8,500,000 shares (C) Average outstanding of total stocks: Six months ended September 30, 2026 886,999,996 shares Six months ended September 30, 2025 798,000,000 shares 2. Dividends on Common Stock Note: Revision of forecasts for dividends from the latest announcement: No 3. Consolidated Earnings Forecast for the Fiscal Year ending March 31, 2027 Note: Revision of consolidated earnings forecast from the latest announcement: No ※ Notes (1) Significant changes in the scope of consolidation during the period: Yes Newly included: 2 equity-method affiliates (The Shimane Bank, Ltd. and The Fukushima Bank, Ltd.). Note: For further details, please refer to page 14 of the attached document, "Notes to the Interim Consolidated Financial Statements (Business Combinations, etc.)". (2) Changes in accounting policies, changes in accounting estimates and restatements (A) Changes in accounting policies due to revision of accounting standards: No (B) Changes in accounting policies due to reasons other than (A) : No (C)Changes in accounting estimates: No (D)Restatements: No (3) Number of common stocks outstanding at the end of the period Note: Effective on March 21, 2025, the Bank changed 12 shares of common stock into 12 shares of preferred stock; effective on July 27, 2025, the Bank conducted a stock split at a ratio of 14,000,000-for-1 of its common stock and its preferred stock, respectively; and effective on August 25, 2025, the Bank changed back all of the aforementioned preferred stock into common stock. Average outstanding stocks were calculated assuming that the stock split had occurred at the beginning of the six-month period ended September 30, 2025. In addition, the average outstanding stocks for the six- month period ended September 30, 2025 also included preferred shares as equivalent to common stock.
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(1) Results of Operations (%represents the change from the same period in the previous fiscal year) Ordinary Income Ordinary Profit Net Income For the six months ended million yen % million yen % million yen % September 30, 2026 263,217 38.2 61,035 78.4 46,175 53.4 September 30, 2025 190,470 20.9 34,206 (17.5) 30,091 (21.0) Basic Earnings per Share For the six months ended yen September 30, 2026 52.05 September 30, 2025 37.70 Total Assets Total Equity Equity-to-Asset Ratio As of million yen million yen % September 30, 2026 24,175,410 1,081,494 4.5 March 31, 2026 22,732,671 1,065,297 4.7 (Reference) Shareholders’ equity as of September 30, 2026: 1,081,485 million yen; March 31, 2026: 1,065,289 million yen (Reference)Summary of Non-Consolidated Financial Statements Non-Consolidated Financial Data for the Six Months ended September 30, 2026 Note: Effective on March 21, 2025, the Bank changed 12 shares of common stock into 12 shares of preferred stock; effective on July 27, 2025, the Bank conducted a stock split at a ratio of 14,000,000-for-1 of its common stock and its preferred stock, respectively; and effective on August 25, 2025, the Bank changed back all of the aforementioned preferred stock into common stock. Basic EPS was calculated assuming that the stock split had occurred at the beginning of the six-month period ended September 30, 2025. In addition, the average outstanding stocks for the six- month period ended September 30, 2025 also included preferred shares as equivalent to common stock. (2) Financial Conditions Note: “Equity-to-asset ratio” is computed under the formula shown below (Total equity – Stock acquisition rights) / Total assets ※ This “Consolidated Summary Report” is outside the scope of the external auditor’s interim audit procedures. ※ Explanation of the appropriate use of earnings forecasts and other important notes The earnings forecasts and other forward-looking statements contained in this document have been prepared based on information currently available to the Bank and certain assumptions that the Bank believes to be reasonable, taking into account the Bank's management policies and financial position. However, the Bank does not guarantee the realization of these forecasts. Actual results may differ significantly due to various future factors.
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1. Interim Consolidated Financial Statements and Notes to the Interim Consolidated Financial Statements …………… 2 (1) Interim Consolidated Balance Sheets……………………………………………………………………………………………… 2 (2) Interim Consolidated Statements of Income and Interim Consolidated Statements of Comprehensive Income ………… 4 (3) Interim Consolidated Statement of Changes in Equity ………………………………………………………………………… 5 (4) Notes to the Interim Consolidated Financial Statements………………………………………………………………………… 7 (Notes on Going Concern Assumptions) ………………………………………………………………………………………… 7 (Notes on Segment Information) …………………………………………………………………………………………………… 7 (Business Combinations, etc.) ……………………………………………………………………………………………………… 14 (Additional Information)……………………………………………………………………………………………………………… 15 2. Interim Non-Consolidated Financial Statements ………………………………………………………………………………… 16 (1) Interim Non-Consolidated Balance Sheet ………………………………………………………………………………………… 16 (2) Interim Non-Consolidated Statement of Income ………………………………………………………………………………… 18 (3) Interim Non-Consolidated Statement of Changes in Equity …………………………………………………………………… 19 3. Financial Summary for the six months ended September 30, 2026 (Reference) …………………………………………… 21 (1) Consolidated Information …………………………………………………………………………………………………………… 21 Results of Operations (Consolidated)……………………………………………………………………………………………… 21 (2) Nonconsolidated Information ……………………………………………………………………………………………………… 23 Results of Operations (Nonconsolidated) ………………………………………………………………………………………… 23 [Accompanying Materials] Table of Contents SBI Shinsei Bank, Limited 1
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(Millions of yen) As of March 31, 2026 As of September 30, 2026 Assets Cash and due from banks 4,787,504 4,645,153 Call loans and bills bought 55,000 30,000 Receivables under securities borrowing transactions 570,538 387,340 Other monetary claims purchased 289,642 294,928 Trading assets 451,260 598,019 Monetary assets held in trust 506,395 455,456 Securities 4,005,503 5,040,867 Loans and bills discounted 10,945,640 11,844,998 Foreign exchanges 54,021 69,821 Installment receivables 1,384,050 1,322,747 Lease receivables and leased investment assets 324,817 332,098 Other assets 516,000 504,466 Premises and equipment 59,321 56,563 Intangible assets 56,626 58,057 Assets for retirement benefits 51,719 52,359 Deferred tax assets 29,625 26,759 Customers' liabilities for acceptances and guarantees 802,790 816,191 Reserve for credit losses (149,098) (152,185) Total assets 24,741,359 26,383,645 Liabilities Deposits 13,021,673 14,340,531 Negotiable certificates of deposit 4,336,810 3,765,920 Call money and bills sold 443,586 601,141 Payables under repurchase agreements 879,286 1,074,882 Payables under securities lending transactions 383,899 410,580 Trading liabilities 395,202 540,370 Borrowed money 2,178,067 2,237,986 Foreign exchanges 2,393 1,964 Short-term corporate bonds 105,500 251,200 Corporate bonds 243,673 241,847 Other liabilities 659,093 786,693 Accrued employees' bonuses 12,468 6,268 Accrued directors' bonuses 18 55 Liabilities for retirement benefits 7,123 7,054 Reserve for directors' retirement benefits 131 134 Reserve for reimbursement of deposits 570 404 Reserve for reimbursement of debentures 2,778 2,081 Reserve for losses on interest repayments 15,224 13,122 Deferred tax liabilities 18,025 19,030 Acceptances and guarantees 802,790 816,191 Total liabilities 23,508,317 25,117,463 1. Interim Consolidated Financial Statements and Notes to the Interim Consolidated Financial Statements (1) Interim Consolidated Balance Sheets SBI Shinsei Bank, Limited 2
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(Millions of yen) As of March 31, 2026 As of September 30, 2026 Equity Common stock 178,507 178,507 Capital surplus 413,845 413,845 Retained earnings 589,875 621,729 Treasury stock, at cost (6,327) (6,327) Total shareholders' equity 1,175,900 1,207,754 Unrealized gain (loss) on available-for-sale securities (15,170) (34,794) Deferred gain (loss) on derivatives under hedge accounting 41,116 63,737 Foreign currency translation adjustments 3,518 2,633 Defined retirement benefit plans 19,756 18,787 Total accumulated other comprehensive income 49,221 50,363 Stock acquisition rights 8 8 Noncontrolling interests 7,911 8,055 Total equity 1,233,041 1,266,182 Total liabilities and equity 24,741,359 26,383,645 SBI Shinsei Bank, Limited 3
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(Millions of yen) For the six months ended September 30, 2025 For the six months ended September 30, 2026 Ordinary income 364,215 452,075 Interest income 166,562 245,755 Interest on loans and bills discounted 117,053 144,121 Interest and dividends on securities 34,728 72,925 Fees and commissions income 41,579 50,382 Trading income 4,772 1,129 Other business income 116,013 119,853 Other income 35,288 34,954 Ordinary expenses 301,776 359,892 Interest expenses 102,107 143,526 Interest on deposits 47,622 60,198 Interest on borrowings 3,316 8,156 Interest on corporate bonds 5,213 4,502 Fees and commissions expenses 17,663 21,049 Other business expenses 70,979 79,124 General and administrative expenses 86,802 93,169 Other expenses 24,222 23,022 Ordinary profit 62,439 92,182 Extraordinary gains 635 795 Extraordinary losses 1,381 32 Income before income taxes 61,693 92,945 Income taxes - current 7,615 22,229 Income taxes - deferred (15,284) 1,463 Total income taxes (7,669) 23,692 Profit 69,362 69,252 Profit (loss) attributable to noncontrolling interests (4) 156 Profit attributable to owners of parent 69,366 69,096 (Millions of Yen) For the six months ended September 30, 2025 For the six months ended September 30, 2026 Profit 69,362 69,252 Other comprehensive income (loss) 46,002 5,589 Unrealized gain (loss) on available-for-sale securities 36,669 (14,774) Deferred gain (loss) on derivatives under hedge accounting 9,855 21,975 Foreign currency translation adjustments (7) (910) Defined retirement benefit plans (751) (991) Share of other comprehensive income (loss) in affiliates 236 290 Comprehensive income 115,364 74,842 (Breakdown) Comprehensive income attributable to owners of parent 115,369 74,690 Comprehensive income attributable to noncontrolling interests (4) 151 (2) Interim Consolidated Statements of Income and Interim Consolidated Statements of Comprehensive Income (Interim Consolidated Statements of Income) (Interim Consolidated Statement of Comprehensive Income) SBI Shinsei Bank, Limited 4
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For the six months ended September 30, 2025 (Millions of yen) Shareholders' equity Common stock Capital surplus Retained earnings Treasury stock, at cost Total shareholders' equity Balance at beginning of the period 140,000 353,962 520,584 (31,267) 983,280 Changes during the period Dividends (43,721) (43,721) Profit attributable to owners of parent 69,366 69,366 Purchase of treasury stock - - Increase by exclusion of consolidated subsidiaries - - Decrease by exclusion of consolidated subsidiaries (263) (263) Net changes during the period excluding shareholders' equity Total changes during the period - - 25,382 - 25,382 Balance at end of the period 140,000 353,962 545,966 (31,267) 1,008,662 Accumulated other comprehensive income Stock acquisition rights Noncontrolling interests Total equity Unrealized gain (loss) on available- for-sale securities Deferred gain (loss) on derivatives under hedge accounting Foreign currency translation adjustments Defined retirement benefit plans Total accumulated other comprehensive income Balance at beginning of the period (41,742) 344 1,422 12,097 (27,878) - 3,848 959,249 Changes during the period Dividends (43,721) Profit attributable to owners of parent 69,366 Purchase of treasury stock - Increase by exclusion of consolidated subsidiaries - Decrease by exclusion of consolidated subsidiaries (263) Net changes during the period excluding shareholders' equity 37,089 10,053 (397) (742) 46,002 8 106 46,117 Total changes during the period 37,089 10,053 (397) (742) 46,002 8 106 71,500 Balance at end of the period (4,653) 10,397 1,025 11,355 18,124 8 3,954 1,030,749 (3) Interim Consolidated Statement of Changes in Equity SBI Shinsei Bank, Limited 5
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For the six months ended September 30, 2026 (Millions of yen) Shareholders' equity Common stock Capital surplus Retained earnings Treasury stock, at cost Total shareholders' equity Balance at beginning of the period 178,507 413,845 589,875 (6,327) 1,175,900 Changes during the period Dividends (37,254) (37,254) Profit attributable to owners of parent 69,096 69,096 Purchase of treasury stock (0) (0) Increase by exclusion of consolidated subsidiaries 11 11 Decrease by exclusion of consolidated subsidiaries - - Net changes during the period excluding shareholders' equity Total changes during the period - - 31,854 (0) 31,854 Balance at end of the period 178,507 413,845 621,729 (6,327) 1,207,754 Accumulated other comprehensive income Stock acquisition rights Noncontrolling interests Total equity Unrealized gain (loss) on available- for-sale securities Deferred gain (loss) on derivatives under hedge accounting Foreign currency translation adjustments Defined retirement benefit plans Total accumulated other comprehensive income Balance at beginning of the period (15,170) 41,116 3,518 19,756 49,221 8 7,911 1,233,041 Changes during the period Dividends (37,254) Profit attributable to owners of parent 69,096 Purchase of treasury stock (0) Increase by exclusion of consolidated subsidiaries 11 Decrease by exclusion of consolidated subsidiaries - Net changes during the period excluding shareholders' equity (19,624) 22,620 (885) (968) 1,142 - 143 1,286 Total changes during the period (19,624) 22,620 (885) (968) 1,142 - 143 33,140 Balance at end of the period (34,794) 63,737 2,633 18,787 50,363 8 8,055 1,266,182 SBI Shinsei Bank, Limited 6
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(4) Notes to the Interim Consolidated Financial Statements (Notes on Going Concern Assumptions) There is no applicable information. (Notes on Segment Information) 1. DESCRIPTION OF REPORTABLE SEGMENTS Our reportable segments are components of the Group whose individual financial information is available and regularly evaluated by the Group Executive Committee in order to decide how resources are allocated and to evaluate the financial performance. The Group provides a wide variety of financial products and services to customers through our Institutional Business, Individual Business and Overseas Business. These businesses consist of operating segments which provide their respective financial products and services. The Institutional Business consists of the "Corporate Business," "Structured Finance," "Principal Transactions," "Markets," and "Showa Leasing" as reportable segments. The Individual Business consists of the "Retail Banking," "Shinsei Financial," "APLUS," and "Other Individual." Also, the business and operations that do not belong to any of the Institutional Business and the Individual Business are classified as the "Overseas Business/Securities Investment/Other." The "Overseas Business" and the "Securities Investment" in the "Overseas Business/Securities Investment/Other" are the reportable segments. In the Institutional Business, the "Corporate Business" segment provides financial products and services for corporate, public, and financial sectors, advisory services, and wealth management business. The "Structured Finance" segment provides real estate finance such as nonrecourse loans, financial products and services related to project finance and specialty finance such as M&A finance, financial products and services for healthcare facilities and healthcare operators, and trust business. The "Principal Transactions" segment provides private equity businesses and business succession services, and financial products and services related to credit trading. The "Markets" segment engages in foreign exchanges, derivatives and other capital markets transactions. The "Showa Leasing" segment primarily provides financial products and services related to leasing. In the Individual Business, the "Retail Banking" segment provides financial products and services for retail customers. The "Shinsei Financial" segment provides unsecured card loan business and credit guarantee business (Shinsei Financial, SBI Shinsei Bank Card Loan L, Lake). The "APLUS" segment provides installment sales credit, credit cards, loans, and payment services. The "Other Individual" segment provides real estate finance services through consolidated subsidiaries and credit card services through affiliated companies. In the Overseas Business/Securities Investment/Other, the "Overseas Business" segment includes the majority of the Group's overseas consolidated subsidiaries and overseas affiliates, through which it mainly provides small scale financing. The "Securities Investment" segment includes gains and losses of marketable investments such as bonds. 2. METHODS OF MEASUREMENT FOR THE AMOUNTS OF REVENUE, PROFIT (LOSS), ASSETS, LIABILITIES AND OTHER ITEMS BY REPORTABLE SEGMENTS The accounting policies of each reportable segment are substantially consistent with those applied in preparing the interim consolidated financial statements, except for interest on inter-segment transactions and indirect expense. Interest on inter- segment transactions is calculated using an inter-office rate. Indirect expense is allocated based on the predetermined internal rule, to each reportable segment according to the budget, which is set at the beginning of the fiscal year. SBI Shinsei Bank, Limited 7
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Six-month period ended September 30, 2025 (Millions of yen) Institutional Business Corporate Business Structured Finance Principal Transactions Markets Showa Leasing Revenue 17,004 14,357 18,013 2,481 8,481 Net interest income (loss) 11,570 7,978 2,075 124 (712) Noninterest income (loss) 5,434 6,379 15,938 2,357 9,194 Expenses 6,001 7,040 2,917 1,193 7,286 Net credit costs (recoveries) (150) (935) (161) - 1,118 Segment Profit (loss) 11,153 8,252 15,258 1,288 75 Segment Assets 5,296,095 2,128,079 200,410 303,393 648,734 Segment Liabilities 7,865,119 306,847 50,893 254,831 18 Includes; Equity in net income (loss) of affiliates 1,436 - 1,885 - 486 Investment in affiliates 53,330 - 15,226 - 124 Individual Business Overseas Business/Securities Investment/Other Total Retail Banking Consumer Finance Overseas Business Securities Investment OtherShinsei Financial APLUS Other Individual Revenue; 15,779 33,442 37,615 6,241 8,391 5,707 (1,795) 165,721 Net interest income (loss) 10,149 30,904 (816) 1,165 686 4,825 (3,496) 64,454 Noninterest income (loss) 5,629 2,537 38,431 5,076 7,705 881 1,701 101,267 Expenses; 12,807 19,010 22,834 1,448 3,847 2,465 (334) 86,519 Net credit costs (recoveries); 37 7,350 8,935 126 858 - (10) 17,169 Segment Profit (loss) 2,934 7,081 5,845 4,666 3,684 3,242 (1,450) 62,032 Segment Assets; 1,899,475 516,550 1,891,364 165,508 516,056 2,903,639 798,835 17,268,142 Segment Liabilities; 8,146,809 59,647 627,285 2,685 80,916 - - 17,395,054 Includes Equity in net income (loss) of affiliates - - 3 138 (329) - 3,738 7,360 Investment in affiliates - - 103 4,887 3,902 - - 77,574 3. REVENUE, PROFIT (LOSS), ASSETS, LIABILITIES AND OTHER ITEMS BY REPORTABLE SEGMENTS SBI Shinsei Bank, Limited 8
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Notes: 1.“Revenue”, which represents gross operating profit under our management reporting, is presented as a substitute for sales in other industries. “Revenue” on the management reporting basis is defined as the total of net interest income, net fees and commissions, net trading income, net other business income, monetary assets held in trust and net gain on securities. “Revenue” represents income and related cost attributable to our core business. Interest on inter-segment transactions is calculated using an inter-office rate. Indirect expense is allocated, based on the predefined rule, to each reportable segment according to the budget which is set at the beginning of fiscal year. 2.”Expenses” are defined as general and administrative expenses on our consolidated statement of income deducting amortization of goodwill and intangible assets, amortization of actuarial gains or losses of retirement benefit cost and lump-sum payments. 3.“Net Credit Costs (Recoveries)” consists of provision/reversal of reserve for credit losses, losses on write-off/sales of loans and recoveries of written-off claims. 4.“Segment Assets” consists of other monetary claims purchased, trading assets, monetary assets held in trust, securities, loans and bills discounted, installment receivables, lease receivables and leased investment assets, tangible leased assets, intangible leased assets and customer’s liabilities for acceptances and guarantees. 5.“Segment Liabilities” consists of deposits, negotiable certificates of deposit, trading liabilities and acceptances and guarantees. 6.Regarding assets and liabilities not allocated to each business segment, there are related revenue and expense items which are allocated to each business segment based on a rational allocation method. For example, interest on other borrowings is considered a part of “Revenue” and included in segment income, although borrowed money is not allocated to each "Segment Liabilities." In addition, depreciation is considered a part of “Expenses” and included in segment income, although premises and equipment excluding tangible leased assets and intangible assets excluding intangible leased assets are not allocated to each "Segment Assets." 7."Shinsei Financial" includes profit (loss), “Segment Assets” and “Segment Liabilities” related to companies such as Shinsei Personal Loan Co., Ltd. and "SBI Shinsei Bank Card Loan L" which is unsecured card loan business for individual customers. 8.“Other” under the Overseas Business/Securities Investment/Other includes profit(loss), assets and liabilities which are not included in our reportable segments, allocation variance of indirect expense and elimination amount of inter-segment transactions. SBI Shinsei Bank, Limited 9
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Six-month period ended September 30, 2026 (Millions of yen) Institutional Business Corporate Business Structured Finance Principal Transactions Markets Showa Leasing Revenue; 29,760 20,341 1,998 2,995 8,449 Net interest income (loss) 22,460 11,815 1,670 98 (1,490) Noninterest income (loss) 7,299 8,526 328 2,896 9,939 Expenses; 7,758 6,370 2,599 1,245 7,118 Net credit costs (recoveries); (331) (298) (71) - (369) Segment Profit (loss); 22,332 14,268 (529) 1,750 1,700 Segment Assets; 6,103,967 2,345,983 250,253 598,019 654,993 Segment Liabilities; 9,085,142 268,359 57,110 540,370 14 Includes; Equity in net income (loss) of affiliates 2,696 9 (102) - 456 Investment in affiliates 59,350 521 12,989 - 140 Individual Business Overseas Business/Securities Investment/Other Total Retail Banking Consumer Finance Overseas Business Securities Investment OtherShinsei Financial APLUS Other Individual Revenue: 31,646 31,258 39,343 4,489 9,659 26,483 (6,616) 199,808 Net interest income (loss) 23,105 31,203 (3,335) 985 821 16,849 (1,956) 102,228 Noninterest income (loss) 8,541 54 42,678 3,504 8,837 9,633 (4,659) 97,580 Expenses; 18,165 18,598 23,819 1,390 3,699 2,183 398 93,348 Net credit costs (recoveries); 534 7,865 8,855 107 839 - (19) 17,111 Segment Profit (loss); 12,946 4,793 6,668 2,991 5,120 24,299 (6,994) 89,348 Segment Assets; 2,816,944 574,435 1,811,713 216,759 587,657 4,168,824 613,979 20,743,532 Segment Liabilities; 8,726,849 66,160 638,808 2,926 77,271 - - 19,463,013 Includes; Equity in net income (loss) of affiliates - - 8 115 214 - 8,600 12,000 Investment in affiliates - - 118 5,385 4,051 - 8,669 91,225 SBI Shinsei Bank, Limited 10
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Notes: 1.“Revenue”, which represents gross operating profit under our management reporting, is presented as a substitute for sales in other industries. “Revenue” on the management reporting basis is defined as the total of net interest income, net fees and commissions, net trading income, net other business income, monetary assets held in trust and net gain on securities. “Revenue” represents income and related cost attributable to our core business. Interest on inter-segment transactions is calculated using an inter-office rate. Indirect expense is allocated, based on the predefined rule, to each reportable segment according to the budget which is set at the beginning of fiscal year. 2.”Expenses” are defined as general and administrative expenses on our consolidated statement of income deducting amortization of goodwill and intangible assets, amortization of actuarial gains or losses of retirement benefit cost and lump-sum payments. 3.“Net Credit Costs (Recoveries)” consists of provision/reversal of reserve for credit losses, losses on write-off/sales of loans and recoveries of written-off claims. 4.“Segment Assets” consists of other monetary claims purchased, trading assets, monetary assets held in trust, securities, loans and bills discounted, installment receivables, lease receivables and leased investment assets, tangible leased assets, intangible leased assets and customer’s liabilities for acceptances and guarantees. 5.“Segment Liabilities” consists of deposits, negotiable certificates of deposit, trading liabilities and acceptances and guarantees. 6.Regarding assets and liabilities not allocated to each business segment, there are related revenue and expense items which are allocated to each business segment based on a rational allocation method. For example, interest on other borrowings is considered a part of “Revenue” and included in segment income, although borrowed money is not allocated to each "Segment Liabilities." In addition, depreciation is considered a part of “Expenses” and included in segment income, although premises and equipment excluding tangible leased assets and intangible assets excluding intangible leased assets are not allocated to each "Segment Assets." 7."Shinsei Financial" includes profit (loss), “Segment Assets” and “Segment Liabilities” related to companies such as Shinsei Personal Loan Co., Ltd. and "SBI Shinsei Bank Card Loan L" which is unsecured card loan business for individual customers. 8.“Other” under the Overseas Business/Securities Investment/Other includes profit(loss), assets and liabilities which are not included in our reportable segments, allocation variance of indirect expense and elimination amount of inter-segment transactions. SBI Shinsei Bank, Limited 11
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(Millions of yen) Six-month period ended September 30, 2025 Six-month period ended September 30, 2026 Total segment profit 62,032 89,348 Amortization of goodwill (478) (494) Amortization of intangible assets (195) (198) Lump-sum payments 558 892 Provision for reimbursement of deposits (658) - Reversal of provision for reimbursement of deposits - 155 Gains on deposits derecognized from liabilities 61 46 Gain on reversal of provision for losses on interest repayments - 1,121 Other 1,120 1,311 Ordinary profit on the interim consolidated statement of income 62,439 92,182 (Millions of yen) As of September 30, 2025 As of September 30, 2026 Total segment assets 17,268,142 20,743,532 Cash and due from banks 4,673,136 4,645,153 Call loans and bills bought 52,233 30,000 Receivables under securities borrowing transactions - 387,340 Foreign exchanges 82,625 69,821 Other assets 510,216 504,466 Premises and equipment excluding tangible leased assets 19,000 18,499 Intangible assets excluding intangible leased assets 53,849 57,897 Assets for retirement benefits 37,789 52,359 Deferred tax assets 30,122 26,759 Reserve for credit losses (142,175) (152,185) Total assets on the interim consolidated balance sheet 22,584,938 26,383,645 4. RECONCILIATION BETWEEN THE SEGMENT INFORMATION AND THE INTERIM CONSOLIDATED FINANCIAL STATEMENTS (1) A reconciliation between total segment profit (loss) and ordinary profit (loss) on the interim consolidated statements of income (2) A reconciliation between total segment assets and total assets on the interim consolidated balance sheet. SBI Shinsei Bank, Limited 12
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(Millions of yen) As of September 30, 2025 As of September 30, 2026 Total segment liabilities 17,395,054 19,463,013 Call money and bills sold 394,345 601,141 Payables under repurchase agreements 356,774 1,074,882 Payables under securities lending transactions 617,025 410,580 Borrowed money 1,694,329 2,237,986 Foreign exchanges 1,701 1,964 Short-term corporate bonds 143,500 251,200 Corporate bonds 216,475 241,847 Other liabilities 692,901 786,693 Accrued employees' bonuses 5,781 6,268 Accrued directors' bonuses 11 55 Liabilities for retirement benefits 7,937 7,054 Reserve for directors' retirement benefits 262 134 Reserve for reimbursement of deposits 921 404 Reserve for reimbursement of debentures 3,368 2,081 Reserve for losses on interest repayments 19,001 13,122 Deferred tax liabilities 4,797 19,030 Total liabilities on the interim consolidated balance sheet 21,554,188 25,117,463 (3) A reconciliation between total segment liabilities and total liabilities on the interim consolidated balance sheet. 【GAINS ON NEGATIVE GOODWILL BY REPORTABLE SEGMENT】 Six-month period ended September 30, 2025 In the six-month period of the prior fiscal year, as a result of the additional acquisition of shares of NEC Capital Solutions Limited, an equity-method affiliate, a gain on negative goodwill equivalent to 3,738 million yen was recorded as equity in income of affiliates. This amount was allocated to Other under the Overseas Business / Securities Investment / Other category, as it does not fall under any reportable segment. Six-month period ended September 30, 2026 In the six-month period of the current fiscal year, as a result of including Shimane Bank, Ltd. and Fukushima Bank, Ltd. within the scope of the equity method, a gain on negative goodwill equivalent to 8,490 million yen (2,633 million yen attributable to Shimane Bank, Ltd. and 5,857 million yen attributable to Fukushima Bank, Ltd.) was recorded as equity in income of affiliates. This amount was allocated to Other under the Overseas Business / Securities Investment / Other category, as it does not fall under any reportable segment. SBI Shinsei Bank, Limited 13
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Name Business Description The Shimane Bank, Ltd. Banking business The Fukushima Bank, Ltd. Banking business Name Number of Shares Acquired Percentage of Voting Rights after the Acquisition Acquisition Cost The Shimane Bank, Ltd. 1,747,200 shares 20.90% 863 million yen The Fukushima Bank, Ltd. 11,900,000 shares 34.19% 4,144 million yen Item Share of Profit of Entities Accounted for Using Equity Method (Gain on Negative Goodwill Equivalent) The Shimane Bank, Ltd. 2,633 million yen The Fukushima Bank, Ltd. 5,857 million yen (Business Combinations, etc.) Transactions under common control (Acquisition of shares of affiliates) The Bank entered into a share purchase agreement, dated June 26, 2026, with SBI Regional Bank Holdings, Co., Ltd., a sister company of the Bank, or a consolidated subsidiary of SBI Holdings, Inc., the parent company of the Bank. Based on the share purchase agreement, the Bank acquired common shares of the Shimane Bank, Ltd. and the Fukushima Bank, Ltd. held by SBI Regional Bank Holdings, Co., Ltd. on June 30, 2026. As a result, the two banks became affiliates accounted for using equity method by the Bank. 1. Overview of the transaction (1) Names and business descriptions of the company to be an affiliate (2) The date of the acquisition June 30, 2026 (3) Legal form of the transaction Acquisition of shares with cash consideration (4) Other matters concerning outline of the transaction The Bank, as the core bank of “a regional platform with broad geographic scope” in “Fourth Megabank Concept” promoted by the SBI Group, acquired the shares of the two banks for the purpose of pursuing initiatives to enhance their earnings capacity and corporate value from medium- to long-term perspective as well as strengthening the collaboration with them. (5) Number of shares acquired, the percentage of voting rights after the acquisition, and the acquisition cost (Note) The Bank did not hold any shares of the two banks prior to the acquisition. Also, the percentage of voting rights after the acquisition is calculated based on the total number of voting rights of all shareholders as of March 31, 2026. 2. Overview of the accounting treatment Based on “Accounting Standard for Business Combinations (ASBJ Statement No. 21 of January 16, 2019)” and “Implementation Guidance on Accounting Standards for Business Combinations and Accounting Standard for Business Divestitures (ASBJ Guidance No. 10 of January 16, 2019)”, the Bank accounted for the above transaction as a transaction under common control, since the acquisition of shares was a transfer of shares of affiliates within the SBI Group with SBI Holdings, Inc. as the ultimate parent company. In addition, the Bank accounted for the two banks as equity-method affiliates, and negative goodwill equivalent, which is the difference between the acquisition costs and the corresponding shareholders’ equity of the affiliates as of the date of the acquisition, was recorded as share of profit of entities accounted for using equity method. SBI Shinsei Bank, Limited 14
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(1) Class of shares to be subscribed for Class-C preferred shares of The Shimane Bank, Ltd. (2) Number of shares to be subscribed for 10,000,000 shares (3) Subscription price ¥ 1,000 per share (4) Total subscription amount ¥ 10,000,000,000 (5) Payment date December 25, 2026 (planned) (Additional Information) Subscription to shares issued by The Shimane Bank, Ltd. through a third-party allotment The Bank entered into an agreement, dated October 16, 2026, to subscribe for Class-C preferred shares to be issued by The Shimane Bank, Ltd. (hereinafter, “Shimane Bank”), an affiliate accounted for using equity method by the Bank, through a third-party allotment. The purpose of the subscription is to contribute to the strengthening of regional financial capabilities by strengthening Shimane Bank’s capital base and enhancing earnings capacity over the medium to long term, thereby enabling it to further fulfill its financial intermediary functions, including the stable provision of financial services and the smooth supply of funds to regional customers. In addition, the initiative to support the sustainable growth of Shimane Bank and enhancement of corporate value through this subscription contributes to the sustainable development of regional customers and the local economy and represents one example of the SBI Group’s “Fourth Megabank Concept”, which seeks to contribute to regional revitalization through collaboration with regional financial institutions. Going forward, the Bank will further strengthen the collaboration with Shimane Bank across a broad range of areas, including the provision of expertise and know- how in market investment and risk management. The overview of the subscription is described below. As the Class-C preferred shares do not carry voting rights, the subscription does not result in any change in the percentage of voting rights held by the Bank. SBI Shinsei Bank, Limited 15
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(Millions of yen) As of March 31, 2026 As of September 30, 2026 Assets Cash and due from banks 4,686,621 4,491,815 Call loans 55,000 30,000 Receivables under securities borrowing transactions 570,538 387,340 Other monetary claims purchased 250,363 250,376 Trading assets 451,174 596,755 Monetary assets held in trust 437,293 387,617 Securities 4,322,876 5,348,115 Loans and bills discounted 11,394,194 12,105,002 Foreign exchanges 54,021 69,821 Other assets 388,334 371,061 Other 388,334 371,061 Premises and equipment 9,236 9,118 Intangible assets 20,010 21,302 Prepaid pension cost 16,320 17,597 Customers' liabilities for acceptances and guarantees 118,798 130,039 Reserve for credit losses (42,112) (40,554) Total assets 22,732,671 24,175,410 Liabilities Deposits 13,089,065 14,418,082 Negotiable certificates of deposit 4,336,810 3,765,920 Call money 443,586 601,141 Payables under repurchase agreements 879,286 1,074,882 Payables under securities lending transactions 383,899 410,580 Trading liabilities 393,246 539,860 Borrowed money 1,650,746 1,661,638 Foreign exchanges 2,393 1,964 Other liabilities 351,879 474,450 Income taxes payable 3,477 12,885 Asset retirement obligations 6,547 6,195 Other 341,854 455,369 Accrued employees' bonuses 6,526 3,308 Accrued directors' bonuses - 49 Reserve for employees' retirement benefits 73 73 Reserve for reimbursement of deposits 570 404 Reserve for reimbursement of debentures 2,778 2,081 Deferred tax liabilities 7,713 9,438 Acceptances and guarantees 118,798 130,039 Total liabilities 21,667,374 23,093,916 2. Interim Non-Consolidated Financial Statements (1) Interim Non-Consolidated Balance Sheet SBI Shinsei Bank, Limited 16
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(Millions of yen) As of March 31, 2026 As of September 30, 2026 Equity Common stock 178,507 178,507 Capital surplus 420,523 420,523 Additional paid-in capital 137,973 137,973 Other capital surplus 282,549 282,549 Retained earnings 458,314 467,236 Legal reserve 26,871 34,322 Other retained earnings 431,443 432,914 Unappropriated retained earnings 431,443 432,914 Treasury stock, at cost (6,327) (6,327) Total shareholders' equity 1,051,017 1,059,938 Unrealized gain (loss) on available-for-sale securities (16,960) (31,668) Deferred gain (loss) on derivatives under hedge accounting 31,232 53,215 Total net unrealized gain (loss) and translation adjustments 14,272 21,546 Stock acquisition rights 8 8 Total equity 1,065,297 1,081,494 Total liabilities and equity 22,732,671 24,175,410 SBI Shinsei Bank, Limited 17
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(Millions of yen) For the six months ended September 30, 2025 For the six months ended September 30, 2026 Ordinary income 190,470 263,217 Interest income 143,096 219,244 Interest on loans and bills discounted 89,486 116,540 Interest and dividends on securities 39,650 75,022 Fees and commissions income 18,740 26,236 Trading income 5,195 1,487 Other business income 2,408 959 Other income 21,029 15,288 Ordinary expenses 156,264 202,181 Interest expenses 94,140 133,114 Interest on deposits 47,684 60,286 Interest on corporate bonds 29 - Fees and commissions expenses 12,413 15,397 Other business expenses 9,733 10,396 General and administrative expenses 39,165 43,172 Other expenses 812 101 Ordinary profit 34,206 61,035 Extraordinary gains 444 0 Extraordinary losses 1,026 668 Income before income taxes 33,624 60,367 Income taxes - current 3,899 15,677 Income taxes - deferred (367) (1,485) Total income taxes 3,532 14,192 Net income 30,091 46,175 (2) Interim Non-Consolidated Statement of Income SBI Shinsei Bank, Limited 18
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For the six months ended September 30, 2025 (Millions of yen) Shareholders’ equity Common stock Capital surplus Retained earnings Treasury stock, at cost Total shareholders’ equity Additional paid-in capital Other capital surplus Total capital surplus Legal reserve Other retained earnings Total retained earningsUnappropriated retained earnings Balance at beginning of the period 140,000 99,465 261,003 360,469 18,127 428,817 446,944 (31,267) 916,146 Changes during the period Dividends 8,744 (52,465) (43,721) (43,721) Net income 30,091 30,091 30,091 Purchase of treasury stock - - Net changes during the period excluding shareholders' equity Total changes during the period - - - - 8,744 (22,373) (13,629) - (13,629) Balance at end of the period 140,000 99,465 261,003 360,469 26,871 406,444 433,315 (31,267) 902,517 Net unrealized gain (loss) and translation adjustments Stock acquisition rights Total equityUnrealized gain (loss) on available- for- sale securities Deferred gain (loss) on derivatives under hedge accounting Total net unrealized gain (loss) and translation adjustments Balance at beginning of the period (42,870) (7,504) (50,375) - 865,771 Changes during the period Dividends (43,721) Net income 30,091 Purchase of treasury stock - Net changes during the period excluding shareholders' equity 36,778 13,008 49,786 8 49,795 Total changes during the period 36,778 13,008 49,786 8 36,165 Balance at end of the period (6,092) 5,503 (588) 8 901,936 (3) Interim Non-Consolidated Statement of Changes in Equity SBI Shinsei Bank, Limited 19
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For the six months ended September 30, 2026 (Millions of yen) Shareholders' equity Common stock Capital surplus Retained earnings Treasury stock, at cost Total shareholders' equity Additional paid-in capital Other capital surplus Total capital surplus Legal reserve Other retained earnings Total retained earningsUnappropriated retained earnings Balance at beginning of the period 178,507 137,973 282,549 420,523 26,871 431,443 458,314 (6,327) 1,051,017 Changes during the period Dividends 7,450 (44,704) (37,254) (37,254) Net income 46,175 46,175 46,175 Purchase of treasury stock (0) (0) Net changes during the period excluding shareholders' equity Total changes during the period - - - - 7,450 1,470 8,921 (0) 8,921 Balance at end of the period 178,507 137,973 282,549 420,523 34,322 432,914 467,236 (6,327) 1,059,938 Net unrealized gain (loss) and translation adjustments Stock acquisition rights Total equityUnrealized gain (loss) on available- for-sale securities Deferred gain (loss) on derivatives under hedge accounting Total net unrealized gain (loss) and translation adjustments Balance at beginning of the period (16,960) 31,232 14,272 8 1,065,297 Changes during the period Dividends (37,254) Net income 46,175 Purchase of treasury stock (0) Net changes during the period excluding shareholders' equity (14,708) 21,982 7,274 - 7,274 Total changes during the period (14,708) 21,982 7,274 - 16,196 Balance at end of the period (31,668) 53,215 21,546 8 1,081,494 SBI Shinsei Bank, Limited 20
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(Billions of yen) FY2025 (6 months) FY2026 (6 months) Change (Amount) FY2025 (12 months) Net interest income 64.4 102.2 37.7 154.9 Noninterest income 101.2 97.5 (3.6) 179.7 Net fees and commissions 23.9 29.3 5.4 55.2 Net trading income 4.7 1.1 (3.6) 18.3 Net other business income 72.5 67.1 (5.4) 106.1 Income on lease transactions and installment receivables 38.2 41.9 3.7 80.0 Total revenue 165.7 199.8 34.0 334.6 General and administrative expenses (86.5) (93.3) (6.8) (177.9) Ordinary business profit 79.2 106.4 27.2 156.6 Net credit costs (17.1) (17.1) 0.0 (38.2) Ordinary business profit after net credit costs 62.0 89.3 27.3 118.4 Amortization of goodwill and other intangible assets 2 (0.6) (0.6) (0.0) (1.4) Other gains 0.3 4.2 3.9 5.1 Income before income taxes 61.6 92.9 31.2 122.1 Income taxes - current (7.6) (22.2) (14.6) (23.4) Income taxes - deferred 15.2 (1.4) (16.7) 14.3 Profit attributable to noncontrolling interests 0.0 (0.1) (0.1) 0.4 Profit attributable to owners of parent 69.3 69.0 (0.2) 113.4 3. Financial Summary for the six months ended September 30, 2026 (Reference) (1) Consolidated Information Results of Operations (Consolidated) 1 1. The classifications above are based on management accounting and are generally prepared on the same basis as the nonconsolidated results, with necessary reclassifications for appropriate disclosure 2. In our consolidated financial statements, amortization of goodwill and other intangible assets is recorded in general and administrative expenses. Noninterest income in the table above is comprised of net fees and commissions, net trading income, and net other business income. Net fees and commissions is primarily comprised of fee income related to the lending business, fee income from the sale of products such as mutual funds and insurance and fee income associated with the guarantee-related business and the payment business. Net trading income is comprised of derivative related income from transactions with customers, as well as income from proprietary trade undertaken on our own account. Net other business income is primarily comprised of income on lease transactions and installment receivables, gains and losses on monetary trusts and gains and losses on the sale of securities. SBI Shinsei Bank, Limited 21
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(Millions of yen) FY2025 (6 months) (B) FY2026 (6 months) (A) Change (A)-(B) Gross Business Profit 142,152 178,503 36,350 (excluding Gains on Monetary Assets Held in Trust) 138,197 173,469 35,271 Net Interest Income 64,454 102,228 37,774 Net Fees and Commissions 23,915 29,334 5,418 Net Trading Income 4,772 1,129 (3,643) Net Other Business Income 49,009 45,811 (3,198) Gains on Monetary Assets Held in Trust 3,955 5,034 1,079 Gains related to Bonds (1,769) 607 2,376 General and Administrative Expenses (87,193) (94,041) (6,848) Personnel Expenses (33,415) (35,177) (1,761) Nonpersonnel Expenses (48,443) (53,084) (4,641) Amortization of Goodwill and Intangible Assets (673) (692) (19) Taxes (5,334) (5,779) (445) Net Business Profit 54,959 84,462 29,502 Credit Costs (17,169) (17,111) 57 Gains (losses) on Stock Transactions 16,208 9,305 (6,903) Equity in Earnings (losses) of Affiliates 7,360 12,000 4,639 Other 1,081 3,527 2,446 Ordinary Profit 62,439 92,182 29,743 Extraordinary Gains (losses) (746) 762 1,509 Gains (losses) from Sales of Fixed Assets and Impairment losses (1,308) (31) 1,277 Income before Income Taxes 61,693 92,945 31,252 Income taxes - current (7,615) (22,229) (14,613) Income taxes - deferred 15,284 (1,463) (16,748) Profit Attributable to Noncontrolling Interests 4 (156) (160) Profit Attributable to Owners of Parent 69,366 69,096 (270) (Reference) Results of Operations (Consolidated) Notes: 1. Gross Business Profit = (Net Interest Income + Expenses for Monetary Assets Held in Trust) + Net Fees and Commissions + Net Trading Income + Net Other Business Income + Gains on Monetary Assets Held in Trust Gains on Monetary Assets Held in Trust are deemed as revenue from core businesses. 2. Net Business Profit = Gross Business Profit - General and Administrative Expenses. SBI Shinsei Bank, Limited 22
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(Billions of yen) FY2025 (6 months) FY2026 (6 months) Change (Amount) FY2025 (12 months) Net interest income 50.4 88.0 37.6 127.6 Noninterest income 7.5 7.0 (0.5) 6.5 Net fees and commissions1 9.6 14.9 5.3 26.0 Net trading income 5.1 1.4 (3.7) 19.1 Net other business income (7.3) (9.4) (2.1) (38.7) Revenue1 57.9 95.1 37.1 134.2 Personnel expenses (15.6) (16.8) (1.1) (31.6) Nonpersonnel expenses (21.1) (23.9) (2.7) (45.0) Taxes (2.6) (3.2) (0.5) (6.1) Expenses (39.5) (44.0) (4.4) (82.8) Ordinary business profit1 18.3 51.0 32.6 51.4 Other gains Gains on the sales of equities 15.8 9.0 (6.8) 22.4 Net provision of reserve for credit losses 1.2 1.3 0.0 (4.5) Losses on write-off of loans (0.0) (0.0) (0.0) (0.0) Recoveries of written-off claims 0.0 0.0 0.0 0.2 Expenses for employees' retirement benefits 0.5 0.9 0.3 1.9 Others (1.9) (1.4) 0.4 (2.7) Ordinary profit 34.2 61.0 26.8 68.6 Extraordinary gains Gains from sales of fixed assets and impairment losses (0.8) (0.0) 0.8 (1.3) Others 0.2 (0.6) (0.9) 1.0 Income before income taxes 33.6 60.3 26.7 68.3 Income taxes - Current (3.8) (15.6) (11.7) (11.0) Income taxes - Deferred 0.3 1.4 1.1 (2.1) Net income 30.0 46.1 16.0 55.0 (2) Nonconsolidated Information Results of Operations (Nonconsolidated) 1.Includes income from monetary assets held in trust of 3.3 billion yen in 1HFY2025, 4.1 billion yen in 1HFY2026, and 6.7 billion yen in FY2025. Gains and losses on sales and impairments of equities are, reflecting their natures, recorded as other business income(loss) in the consolidated financial results. However, in the nonconsolidated financial results as shown in the above chart, they are included in other gains (losses). SBI Shinsei Bank, Limited 23
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(Millions of yen) FY2025 (6 months) FY2026 (6 months) Change Gross Business Profit 57,951 95,127 37,176 (excluding Gains on Monetary Assets Held in Trust) 54,600 90,971 36,371 Net Interest Income 50,401 88,081 37,679 Net Fees and Commissions 9,679 14,996 5,317 Gains on Monetary Assets Held in Trust 3,351 4,156 804 Net Trading Income 5,195 1,487 (3,708) Net Other Business Income (7,324) (9,437) (2,112) Gains related to Bonds (1,769) 607 2,376 General and Administrative Expenses (excluding Non-Recurring Expenses) (39,582) (44,065) (4,483) Personnel Expenses (15,694) (16,826) (1,132) Nonpersonnel Expenses (21,197) (23,951) (2,754) Amortization of Goodwill (32) - 32 Taxes (2,689) (3,286) (596) Net Operating Profit before Provision of General Reserve for Loan Losses 15,018 46,906 31,888 Provision of General Reserve for Loan Losses (1) - - - Net Operating Profit 15,018 46,906 31,888 Net Business Profit 18,369 51,062 32,692 Non-Recurring Gains (excluding Gains on Monetary Assets Held in Trust) 17,282 11,923 (5,358) Gains related to Stocks 15,898 9,092 (6,806) Credit Costs (2) 1,345 1,460 114 Losses on Write-Off of Loans (0) (0) (0) Provision of Specific Reserve for Loan Losses - - - Provision of Reserve for Loan Losses to Restructuring Countries - - - Recoveries of Written-off Claims 74 93 19 Reversal of Reserve for Loan Losses 1,271 1,367 95 Losses on Sale of Loans - - - Other 38 1,371 1,332 Ordinary Profit 34,206 61,035 26,829 Extraordinary Gains (582) (668) (85) Gains from Sales of Fixed Assets and Impairment losses (857) (29) 828 Income before Income Taxes 33,624 60,367 26,743 Income taxes - Current (3,899) (15,677) (11,777) Income taxes - Deferred 367 1,485 1,118 Net Income 30,091 46,175 16,083 Core Net Operating Profit 16,787 46,299 29,511 (excluding Gains on Cancellation of Investment Trusts) 16,787 46,299 29,511 Net Credit Costs (1) + (2) 1,345 1,460 114 (Reference) Results of Operations (Nonconsolidated) (Reference) Notes: 1.Gross Business Profit = (Net Interest Income + Expenses for Monetary Assets Held in Trust) + Net Fees and Commissions + Net Trading Income＋Net Other Business Income + Gains on Monetary Assets Held in Trust Gains on Monetary Assets Held in Trust are deemed as revenue from core businesses. 2.Core Net Operating Profit = Net Operating Profit + Provision of General Reserve for Loan Losses - Gains related to Bonds. 3.Net Operating Profit = Gross Business Profit (excluding Gains on Monetary Assets Held in Trust) - General and Administrative Expenses - Provision of General Reserve for Loan Losses. 4.Net Business Profit = Gross Business Profit - General and Administrative Expenses. 5.Expenses for Monetary Assets Held in Trust are funding costs to acquire Monetary Assets Held in Trust and are excluded from operating expenses because Gains on Monetary Assets Held in Trust are recorded in Non-Recurring Gains. 6.Non-Recurring Gains means Other ordinary income and expenses in Statements of Income, excluding Provision of General Reserve for Loan Losses and adding non-recurring expenses included in retirement benefit cost, etc. In this table, non-recurring gains exclude Gains on Monetary Assets Held in Trust. SBI Shinsei Bank, Limited 24