Kyoto Financial : Consolidated Financial Results (Under Japanese GAAP) for the Six Months Ended September 30, 2025

November 14, 2025

Consolidated Financial Results (Under Japanese GAAP) for the Six Months Ended September 30, 2025

Company name: Kyoto Financial Group, Inc. Listing: Tokyo Stock Exchange

Securities code: 5844

URL: https://www.kyoto-fg.co.jp/

Representative: Nobuhiro Doi Director and President

Inquiries: Hideki Onishi Executive Officer, General Manager, Corporate Planning Division Scheduled date to file semi-annual securities report: November 28, 2025

Scheduled date to commence dividend payments: December 1, 2025 Trading accounts: None

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes

(Yen amounts and percentages are rounded down to millions and the first decimal place, unless otherwise noted.)

1. Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)

   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Ordinary income		Ordinary profit		Net income attributable to owners of parent
      For the six months ended September 30, 2025 September 30, 2024	Millions of yen 105,512 82,762	% 27.4 -	Millions of yen 37,492 29,692	% 26.2 -	Millions of yen 26,861 21,247	% 26.4 -

      Note: Comprehensive income	For the six months ended September 30, 2025:	¥	182,985 million [	-%]
      	For the six months ended September 30, 2024:	¥	(49,634) million [	-%]

      	Net income per share	Diluted net income per share
      For the six months ended	Yen	Yen
      September 30, 2025	93.70	93.68
      September 30, 2024	72.72	72.67

      (Note) The Company was incorporated on October 2, 2023. Therefore, the percentage change from the interim period of the previous year is not stated for the interim period ended March 2025.

   2. Consolidated financial position

   	Total assets	Total net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	%
   September 30, 2025	12,155,790	1,245,119	10.2
   March 31, 2025	12,161,140	1,083,193	8.9

   Reference: Equity As of September 30, 2025: ¥ 1,244,878 million As of March 31, 2025: ¥ 1,082,794 million

   (Note) The Equity-to-asset ratio is computed by the formula shown below.

   (Total net assets - Share acquisition rights - Non-controlling interests) / Total net assets

   The figures for the equity-to-asset ratio on the above table are not based on the regulations of capital adequacy ratio.

2. Dividends

   	Annual dividends per share
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   For the fiscal year Ended March 31, 2025	Yen -	Yen 30.00	Yen -	Yen 30.00	Yen 60.00
   Ending March 31, 2026	-	40.00
   Ending March 31, 2026 (Forecast)			-	40.00	80.00

   Note: Revisions to the forecast of cash dividends most recently announced: Yes

   For more details, please refer to the "Notice Regarding the Dividend of Surplus (Interim Dividend) and Revision of Year-end Dividend Forecast" issued today (November 14, 2025).

3. Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

Note: Revisions to the financial result forecast most recently announced: Yes

For more details, please refer to the "Notice Regarding Revision of Consolidated Earnings Forecasts" issued today (November 14, 2025).

* Notes

1. Significant changes in the scope of consolidation during the period: Yes Newly included: 1 company ( Company name: Kyoto M&A Advisory Co., Ltd. )

2. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares) As of September 30, 2025 301,362,752 shares

      As of March 31, 2025 301,362,752 shares

   2. Number of treasury shares at the end of the period

      As of September 30, 2025 16,494,614 shares

      As of March 31, 2025 11,388,209 shares

   3. Average number of shares outstanding during the period

Six months ended September 30, 2025 286,671,248 shares

Six months ended September 30, 2024 292,179,353 shares

• Semi-annual financial results reports are exempt from interim audit conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters

The description of future performance of this report is based on information which is presently available and certain assumptions which are considered to be reasonable, and it does not guarantee future performance.

Please take note that future performance may differ from forecasts depending on various future factors.

The Company plans to hold a financial results briefing for institutional investors and analysts on December 2, 2025.

• Contents of Appendix

  1. Overview of Operating Results, etc. 2

     1. Overview of Operating Results for Six Months Ended September 30, 2025. 2

     2. Overview of Financial Position for Six Months Ended September 30, 2025. 2

  2. Semi-annual Consolidated Financial Statements and Primary Notes 3

1. Semi-annual Consolidated Balance Sheet 3

2. Semi-annual Consolidated Statement of Income and Comprehensive Income 4

3. Semi-annual Consolidated Statements of Changes in Equity 6

4. Notes to Semi-annual Consolidated Financial Statements 8

(Notes on Going Concern Assumption) 8

(Reference Materials) Supplement Information for the Six Months Ended September 30, 2025.

1. Overview of Operating Results, etc.

   1. Overview of Operating Results for Six Months Ended September 30, 2025.

      As for consolidated operating results, ordinary income increased by 22,750 million yen year-on-year to 105,512 million yen, due to an increase interest income, mainly interest on loans and bills discounted and an increase other income, mainly gains on sale of stocks and other securities.

      Ordinary expenses increased 14,950 million yen year-on-year to 68,019 million yen, due to an increase in deposit interest and an increase in operating expenses, mainly losses on sale of bonds.

      As a result, ordinary profit increased by 7,800 million yen year-on-year to 37,492 million yen and net income attributable to owners of the parent increased by 5,614 million yen year-on-year to 26,861 million yen.

   2. Overview of Financial Position for Six Months Ended September 30, 2025.

      Deposits and negotiable certificates of deposit decreased by 73.7 billion yen compared to the end of the previous consolidated fiscal year, reaching 9,498.2 billion yen, mainly due to a decrease in public money deposits.

      Loans increased by 137.6 billion yen compared to the end of the previous consolidated fiscal year, reaching 7,405.9 billion yen, primarily due to an increase in corporate lending.

      Securities increased by 114.1 billion yen from the end of the previous consolidated fiscal year to 3,419.0 billion yen, of which valuation differences (unrealized gains) resulting from mark-to-market accounting amounted to 1,051.9 billion yen.

      Total assets decreased by 5.3 billion yen compared to the end of the previous consolidated fiscal year, reaching 12,155.7 billion yen. Total net assets increased by 161.9 billion yen compared to the end of the previous consolidated fiscal year, reaching 1,245.1 billion yen.

      The consolidated capital adequacy ratio (domestic standard) was 11.96%.

2. Semi-annual Consolidated Financial Statements and Primary Notes

   1. Semi-annual Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025 As of September 30, 2025