Summary of the Financial Statements for FY2025 (Consolidated)

Summary of the Financial Statements for FY2025 [JGAAP] (Consolidated)

Company name Aozora Bank, Ltd. TSE code 8304

Representative Hideto Oomi, President and CEO

May 14, 2026

Listed exchange Tokyo Stock Exchange

Contact person Norihide Tate, Joint General Manager of Financial Management Division

Date of ordinary shareholders' meeting June 23, 2026 URL https://www.aozorabank.co.jp/

Dividend payable date June 12, 2026 TEL (03)6752-1111 Scheduled filing date of securities report June 17, 2026 Trading accounts Affirmative Reference material Affirmative

Investor meeting Affirmative

(Unit: JPY millions, rounded down)

1. Business highlights for the fiscal year ended March 31, 2026 (FY2025)

   1. Consolidated business results (Note: Percentages show year-on-year rates of change)

      	Ordinary income		Ordinary profit		Profit attributable to owners of parent
      	Millions of yen	%	Millions of yen	%	Millions of yen	%
      FY2025	242,314	4.7	27,183	54.8	25,705	25.3
      FY2024	231,460	(6.0)	17,561	-	20,518	-

      (Note) Comprehensive income JPY 41,523 million 92.6% (FY2025) JPY 21,561 million －% (FY2024)

      	Net income per common share (basic)	Net income per common share (diluted)	ROE	Ordinary profit per total assets	Ordinary profit per ordinary income
      	Yen	Yen	%	%	%
      FY2025	185.75	185.41	5.5	0.3	11.2
      FY2024	154.26	154.02	4.9	0.2	7.6

      (Reference) Gains (losses) on equity method investments JPY 2,926 million (FY2025) JPY 2,265 million (FY2024)

   2. Consolidated financial condition

      	Total assets	Total net assets	Net assets to total assets ratio	Net assets per common share
      	Millions of yen	Millions of yen	%	Yen
      March 31, 2026	8,601,673	491,611	5.6	3,463.73
      March 31, 2025	7,762,434	459,685	5.8	3,258.51

      (Reference) Total net assets (less Share acquisition rights and Non-controlling interests) JPY 479,315 million (March 31, 2026)

      JPY 450,916 million (March 31, 2025) (Note) Net assets to total assets ratio = (Total net assets - Share acquisition rights - Non-controlling interests) / Total assets

      The above Net assets to total assets ratio is different from the capital adequacy ratio prescribed in the notification of the Financial Services Agency.

   3. Consolidated Cash Flows

   	Operating activities	Investing activities	Financing activities	Cash and cash equivalents at the end of the period
   FY2025	Millions of yen 132,619	Millions of yen (14,281)	Millions of yen (9,947)	Millions of yen 1,449,989
   FY2024	(56,900)	(147,849)	46,592	1,341,599

2. Dividend

   	Annual dividend					Total dividends (Annual)	Dividend ratio (Consolidated)	Dividends to net assets ratio (Consolidated)
   	1Q end	2Q end	3Q end	Year-end	Annual
   	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   FY2024(common share)	19.00	19.00	19.00	22.00	79.00	10,522	51.2	2.4
   FY2025(common share)	22.00	22.00	22.00	25.00	91.00	12,592	49.0	2.7
   FY2026(common share) (Forecast)	-	-	-	-	100.00		51.3

   (Note) Aozora will continue to pay dividends on a quarterly basis, although dividend payment forecast was announced only on an annual basis.

3. Consolidated earnings forecast for the year ending March 31, 2027 (FY2026)

(Note: Percentages show year-on-year rates of change)

* Notes

1. Significant changes in the scope of consolidation during the term Affirmative Excluded: 1 company (Aozora Asia Pacific Limited)

2. Changes in accounting policy, accounting estimates, or retrospective restatements

   1. Changes with revisions of accounting standards None

   2. Changes other than (a) above None

   3. Changes in accounting estimates None

   4. Retrospective restatements None

3. The number of common shares issued

(Summary of non-consolidated financial statements)

1. Business highlights for the fiscal year ended March 31, 2026 (FY2025)

1. Business results (Note: Percentages show year-on-year rates of change)

   	Ordinary income		Ordinary profit		Profit
   	Millions of yen	%	Millions of yen	%	Millions of yen	%
   FY2025	207,531	1.6	21,814	58.4	22,254	41.8
   FY2024	204,228	(7.9)	13,769	-	15,698	-

   	Net income per common share (basic)	Net income per common share (diluted)
   	Yen	Yen
   FY2025	160.81	160.51
   FY2024	118.02	117.83

2. Financial condition

(Reference) Total net assets (less Share acquisition rights): JPY 429,764 million (March 31, 2026) JPY 406,225 million (March 31, 2025) (Note) Net assets to total assets ratio = (Total net assets - Share acquisition rights) / Total assets

The above Net assets to total assets ratio is different from the capital adequacy ratio prescribed in the notification of the Financial Services Agency.

• Summary of financial statements is out of scope of audit (by CPAs or audit firms).

• Notes and remarks for the proper use of earnings projection

The above earnings forecast involves certain risks and uncertainties since the calculations are based on

management's assumptions and beliefs in light of information currently available. This should not be interpreted as a promise or guarantee that the forecast will be achieved. Please be aware that actual results may be materially different from the forecast presented herein due to various factors.

Aozora Bank, Ltd.

[ Attachment ]

1. Overview of operating results ・・・・・・・・・・・・・・・・・・・・・・・・・・・ 2

   1. Overview of operating results for FY2025 ・・・・・・・・・・・・・・ ・・・・・・・ 2

   2. Overview of financial condition for FY2025 ・・・・・・・・・・・・・・・・・・・ 4

   3. Policy for appropriation of earnings and dividend for the year and next year・・・・ 4

2. Basic view on selection of Accounting Standards ・・・・・・・・・・・・・ ・・・・・・・ 5

3. Consolidated financial statements and main notes・・・・・・・・・・・・・・・・・・・・ 6

   1. Consolidated balance sheet ・・・・・・・・・・・・・・・・・・・・・・・・・・ 6

   2. Consolidated statement of income and Consolidated statement of

      comprehensive income ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 8 Consolidated statement of income ・・・・・・・・・・・・・・・・・・・・・・・・ 8 Consolidated statement of comprehensive income ・・・・・・・・・・・・・・・・・ 9

   3. Consolidated statement of changes in net assets ・・・・・・・・・・・・・ ・・・・ 10

   4. Consolidated statement of cash flows ・・・・・・・・・・・・・・・・・・・・・ 12

   5. Notes to consolidated financial statements ・・・・・・・・・・・・・・・・・・・ 14 (Information on going concern assumption) ・・・・・・・・・・・・・・・・・・・・・ 14 (Segment information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 15 (Per share information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 20 (Material subsequent event) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 20

4. Non-consolidated financial statements・・・・・・・・・・・・・・・ ・・・・・・・・・・ 21

   1. Non-consolidated balance sheet ・・・・・・・・・・・・・・・・・・・・・・・・・・・ 21

   2. Non-consolidated statement of income ・・・・・・・・・・・・・・・・・・・・・・・・ 23

   3. Non-consolidated statement of changes in net assets ・・・・・・・・・・・・ ・・・・・ 25

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Aozora Bank, Ltd.

1. Overview of operating results

   1. Overview of operating results for FY2025

① Consolidated results of operations

（Billions of yen）

Reference

※1 Net revenue = (Interest income - Interest expenses)

+ (Trust fees + Fees and commissions - Fees and commissions payments)

+ (Gain on trading account transactions - Loss on trading account transactions)

+ (Other ordinary income - Other ordinary expenses)

※2 Business profit (excluding gains/losses on stock transactions, etc.)

= Net revenue - General and administrative expenses

+ Gains (losses) on equity method investments

※3 Gains/losses on stock transactions, etc. = Gains/losses on stock transactions + Net provision of allowance for investment losses + Gains/losses on equity derivatives

※4 Regardless of nature of accounts, income or profits are shown as positive and expenses or losses are shown as negative amount on the table above.

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