Kyoto Financial : Consolidated Summary Report (Under Japanese GAAP) for the Nine Months Ended December 31, 2025

January 30, 2026

Consolidated Summary Report (Under Japanese GAAP) for the Nine Months Ended December 31, 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 commence dividend payments: -

Trading accounts: None

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

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

1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)

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

      	Ordinary income		Ordinary profit		Net income attributable to owners of parent
      For the nine months ended December 31, 2025 December 31, 2024	Millions of yen 160,585 129,246	% 24.2 18.5	Millions of yen 54,773 45,356	% 20.7 5.6	Millions of yen 39,178 32,425	% 20.8 2.6

      Note: Comprehensive income For the nine months ended December 31, 2025:	¥	134,032 million [	-%]
      For the nine months ended December 31, 2024:	¥	(15,790) million [	-%]

      	Net income per share	Diluted net income per share
      For the nine months ended	Yen	Yen
      December 31, 2025	137.02	137.00
      December 31, 2024	110.97	110.90

   2. Consolidated financial position

   	Total assets	Total net assets	Equity-to-asset ratio
   As of	Millions of yen	Millions of yen	%
   December 31, 2025	12,009,336	1,182,230	9.8
   March 31, 2025	12,161,140	1,083,193	8.9

   Reference: Equity

   As of December 31, 2025:	¥	1,181,992 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 on the capital adequacy ratio.

2. Dividends

   	Annual dividends per share
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   For the fiscal year	Yen	Yen	Yen	Yen	Yen
   Ended March 31, 2025 Ended March 31, 2026	- -	30.00 40.00	- -	30.00	60.00
   Ending March 31, 2026 (Forecast)				40.00	80.00

   Note: Revisions to the forecast of cash dividends most recently announced: None

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: None

* 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. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

3. 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

4. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of December 31, 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 December 31, 2025	17,303,078 shares
      As of March 31, 2025	11,388,209 shares

   3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• 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.

Quarterly supplement information for quarterly financial statements is attached to the Consolidated Summary Report.

• Contents of Appendix

  1. Overview of Operating Results, etc. 2

     1. Overview of Operating Results for Nine Months Ended December 31, 2025 2

     2. Overview of Financial Position for Nine Months Ended December 31, 2025 2

     3. Explanation of Forward-Looking Statements, including Consolidated Earnings Forecast. 2

  2. Quarterly Consolidated Financial Statements and Primary Notes 3

1. Quarterly Consolidated Balance Sheets 3

2. Quarterly Consolidated Statements of Income and Comprehensive Income 4

3. Notes to Quarterly Consolidated Financial Statements 6

(Segment Information) 6

(Notes on Significant Changes in the Amounts of Shareholders' Equity) 6

(Notes on Going Concern Assumption) 6

(Notes to Statements of Cash Flows) 6

(Business Combinations) 6

(Appendix) Supplement Information for the Nine Months Ended December 31, 2025

1. Overview of Operating Results, etc.

   1. Overview of Operating Results for Nine Months Ended December 31, 2025

      As for the consolidated operating results, ordinary income increased by 31,338 million yen year-on-year to 160,585 million yen, due to an increase in fund management income, mainly from an increase in interest on loans and bills discounted, as well as an increase in other ordinary income, primarily from gains on the sale of stocks and other securities. Ordinary expenses increased

      by 21,921 million yen year-on-year to 105,811 million yen, due to an increase in funding costs, primarily from an increase in deposit interest, and an increase in other operating expenses, mainly from losses on the sale of government and other bonds.

      As a result, ordinary profit increased by 9,417 million yen year-on-year to 54,773 million yen and net income attributable to owners of the parent increased by 6,753 million yen year-on-year to 39,178 million yen.

   2. Overview of Financial Position for Nine Months Ended December 31, 2025

      As for the consolidated financial position, deposits and negotiable certificates of deposit increased 33.7 billion yen from the end of the previous fiscal year to 9,605.7 billion yen, and loans and bills discounted increased 295.0 billion yen from the end of the previous fiscal year to 7,563.3 billion yen. Securities increased by 10.2 billion yen from the end of the previous fiscal year to 3,315.0 billion yen, of which valuation differences (unrealized gains) resulting from mark-to-market accounting amounted to

      960.6 billion yen.

      Total assets decreased 151.8 billion yen from the end of the previous fiscal year to 12,009.3 billion yen, and net assets increased

      99.0 billion yen from the end of the previous fiscal year to 1,182.2 billion yen.

   3. Explanation of Forward-Looking Statements, including Consolidated Earnings Forecast.

      The consolidated earnings forecast for the fiscal year ending March 2026 remains unchanged from the forecast announced on November 14, 2025.

2. Quarterly Consolidated Financial Statements and Primary Notes

   1. Quarterly Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025 As of December 31, 2025