Summary of the Financial Statements for the First Nine Months of FY2025 (Consolidated)

Summary of the Financial Statements

for the First Nine Months of FY2025 [JGAAP] (Consolidated)

February 4, 2026

Company name Aozora Bank, Ltd.

Listed exchange Tokyo Stock Exchange

TSE code 8304 URL https://www.aozorabank.co.jp/

Representative Hideto Oomi, President and CEO

Contact person Yukie Tajima, Joint General Manager of Financial Control Division Dividend payable date March 9, 2026

Reference material Affirmative Trading accounts Affirmative

Investor meeting Affirmative TEL (03)6752-1111

(Unit: JPY millions, rounded down)

1. Business highlights for the first nine months of FY2025

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

      	Ordinary income		Ordinary profit		Profit attributable to owners of parent
      Nine months ended	Millions of yen	%	Millions of yen	%	Millions of yen	%
      December 31, 2025	179,774	4.6	23,662	78.0	21,825	34.5
      December 31, 2024	171,940	(11.0)	13,294	-	16,231	-

      (Note) Comprehensive income JPY 32,473 million 122.6% (Nine months ended December 31, 2025)

      JPY 14,589 million －% (Nine months ended December 31, 2024)

      	Net income per common share (basic)	Net income per common share (diluted)
      Nine months ended	Yen	Yen
      December 31, 2025	157.72	157.43
      	123.67	123.46
      December 31, 2024

   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
   December 31, 2025	8,419,380	483,106	5.6	3,423.77
   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 473,785 million (December 31, 2025)

   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.

2. Dividend

   	Annual dividend
   	1Q end	2Q end	3Q end	Year-end	Annual
   FY2024(common share)	Yen 19.00	Yen 19.00	Yen 19.00	Yen 22.00	Yen 79.00
   FY2025(common share)	22.00	22.00	22.00
   FY2025(common share) (Forecast)				22.00	88.00

   (Note) Revision of dividends forecast to the latest announcement Affirmative

   Because the dividend forecast for year-end FY2025 has become a fixed amount, revision of dividends forecast to the latest announcement is shown as 'Affirmative'. The common share dividend forecast for FY2025 would be 88.00 yen per common share, which remains unchanged from the dividend forecast previously announced on May 14, 2025.

3. Consolidated earnings forecast for the year ending March 31, 2026 (FY2025)

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

   	Ordinary profit		Profit attributable to owners of parent		Net income per common share
   FY2025 (Full Year)	Millions of yen 30,000	% 70.8	Millions of yen 22,000	% 7.2	Yen 158.98

   (Note) Revision of consolidated earnings forecast to the latest announcement None

   • Notes

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

     2. Accounting treatments particularly used for the quarterly financial statements None

     3. 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

     4. The number of common shares issued

        	December 31, 2025	March 31, 2025
        (a) The number of common shares issued ( including treasury shares )	139,789,418	139,789,418
        (b) The number of treasury shares	1,408,294	1,408,328

        	Nine months ended December 31, 2025	Nine months ended December 31, 2024
        (c) The average number of common shares outstanding ( 9 months )	138,381,117	131,246,989

   • Review of the Japanese-language originals of the attached consolidated quarterly financial statements by CPAs or audit firms None

   • 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.

[ Attachment ]

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

2. Quarterly consolidated financial statements and main notes・・・・・・・・・・・・・・・・・ 3

   1. Quarterly consolidated balance sheet・・・・・・・・・・・・・・・・・・・・・・・・・ 3

   2. Quarterly consolidated statement of income and quarterly consolidated statement of comprehensive income・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 4Quarterly consolidated statement of income・・・・・・・・・・・・・・・・・・・・・・・・・ 4Quarterly consolidated statement of comprehensive income ・・・・・・・・・・・・・・・・・・・・・・・・・ 4

   3. Notes to quarterly consolidated financial statements・・・・・・・・・・・ ・・・・・・・・ 5(Information on going concern assumption) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5(Additional information)・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5(Quarterly consolidated statement of income) ・・・・・・・・・・・・・・・・・・・・・・・・・・ 5(Changes in shareholders' equity) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 5(Quarterly consolidated statement of cash flows) ・・・・・・・・・・・・・・・・・・・・・・ 6(Segment information) ・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・・ 7

1. Overview of operating results

   For more details, please refer to 'FY2025 3rd Quarter Financial Results Overview' that was announced today (February 4, 2026) on TDnet or the Bank's website (https://www.aozorabank.co.jp/english/ir/library/results/).

2. Quarterly consolidated financial statements and main notes

(1) Quarterly consolidated balance sheet

(Millions of yen) As of March 31, 2025 As of December 31, 2025