Consolidated Financial Results for the Fiscal Year Ended March 31,2025

Consolidated Financial Results

for the Fiscal Year Ended March 31, 2025 [Japanese GAAP]

May 13, 2025

Company name: The San-in Godo Bank,Ltd. Listing: Tokyo Stock Exchange Securities code: 8381

URL: https://www.gogin.co.jp/

Representative: Hiroshi Yoshikawa, President and Representative Director

Inquiries: Tsuyoshi Takahashi, Executive Officer ,General Manager,Management Planning Dept. Telephone: +81-852-55-1000

Scheduled date of annual general meeting of shareholders: June 26, 2025 Scheduled date to commence dividend payments: June 27, 2025 Scheduled date to file annual securities report: June 20, 2025 Trading Accounts: None

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing : Yes (For institutional investors and analysts)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (from April 1, 2024 to March 31, 2025)

   (1) Consolidated Operating Results (Percentages indicate year-on-year changes.)

   	Ordinary income		Ordinary profit		Profit attributable to owners of parent
   Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 135,314 120,176	% 12.5 6.6	Millions of yen 26,716 24,727	% 8.0 13.8	Millions of yen 18,737 16,800	% 11.5 8.6

   (Note) Comprehensive income:	Fiscal year ended March 31, 2025:	¥	(3,602) million	[	- %]
   	Fiscal year ended March 31, 2024:	¥	18,217 million	[	- %]

   	Basic earnings per share	Diluted earnings per share	Rate of return on equity	Ordinary profit to total assets ratio	Ordinary profit to ordinary income ratio
   Fiscal year ended	Yen	Yen	%	%	%
   March 31, 2025	122.89	122.86	5.8	0.3	19.7
   March 31, 2024	109.28	109.24	5.2	0.3	20.5

   (Reference) Equity in earnings (losses) of affiliated companies:	Fiscal year ended March 31, 2025:	¥	- million
   (2) Consolidated Financial Position	Fiscal year ended March 31, 2024:	¥	- million

   	Total assets	Net assets	Net assets ratio	Net assets per share
   As of March 31, 2025 March 31, 2024	Millions of yen 8,549,438 7,360,564	Millions of yen 312,568 325,089	% 3.6 4.4	Yen 2,053.29 2,114.72

   (Reference) Equity: As of March 31, 2025:	¥	312,387 million
   As of March 31, 2024:	¥	324,584 million

   (Note) Net assets ratio = (Net assets - Share acquisition rights - Non-controlling interests) / Total assets

   (3) Consolidated Cash Flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 872,171 63,473	Millions of yen (528,145) 8,302	Millions of yen (8,995) (6,425)	Millions of yen 1,220,027 884,996

2. Dividends

   	Annual dividends					Total dividends	Payout ratio (Consolidated)	Dividends to net assets (Consolidated)
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended March 31, 2024 March 31, 2025	Yen - -	Yen 18.00 24.00	Yen - -	Yen 21.00 24.00	Yen 39.00 48.00	Millions of yen 6,020 7,340	% 35.6 39.0	% 1.8 2.3
   Fiscal year ending March 31, 2026 (Forecast)	-	28.00	-	28.00	56.00		40.5

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026 (from April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

* Notes:

1. Significant changes in the scope of consolidation during the period: None

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): March 31, 2025: 156,977,472 shares

      March 31, 2024: 156,977,472 shares

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

      March 31, 2025: 4,837,415 shares

      March 31, 2024: 3,489,463 shares

   3. Average number of shares outstanding during the period:

Fiscal Year ended March 31, 2025: 152,468,211 shares

Fiscal Year ended March 31, 2024: 153,727,489 shares

(Notes) The period-end treasury stock includes the Bank's shares held by a trust account for Board Benefit Trust(BBT) (781,300 shares as of March 31, 2025 and 891,300 shares as of March 31, 2024 ).

The treasury stock deducted to calculate the average number of outstanding shares includes the Bank's shares held by the trust account (815,957 shares as of March 31, 2025 and 931,487 shares as of March 31, 2024 ).

(Reference) Overview of Non-consolidated Financial Highlights

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (April 1, 2024 to March 31, 2025)

   1. Non-consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Ordinary income		Ordinary profit		Net income
      Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 117,006 101,821	% 14.9 5.6	Millions of yen 25,990 22,955	% 13.2 9.2	Millions of yen 18,224 15,975	% 14.0 10.0

      	Basic earnings per share	Diluted earnings per share
      Fiscal year ended	Yen	Yen
      March 31, 2025	119.53	119.49
      March 31, 2024	103.92	103.87

   2. Non-consolidated Financial Position

   	Total assets	Net assets	Net assets ratio	Net assets per share
   As of March 31, 2025 March 31, 2024	Millions of yen 8,521,764 7,333,169	Millions of yen 293,028 307,125	% 3.4 4.1	Yen 1,925.84 2,000.77

   (Reference) Equity: As of March 31, 2025: ¥ 292,997 million

   As of March 31, 2024: ¥ 307,095 million (Note) Net assets ratio = (Net assets - Share acquisition rights) / Total assets

2. Non-consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026 (April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

• This report is out of the scope of the audit by certified public accountants or independent audit firms.

• Proper use of financial results, forecasts and other notes

The forecasts above are based on information available to the Bank as of the date of this publication. Accordingly, actual results may differ significantly from those forecasts due to various factors.

The San-in Godo Bank,Ltd.

Consolidated Balance Sheets 2

Consolidated Statements of Income 4

Consolidated Statements of Comprehensive Income 5

For the fiscal year ended March 31, 2024 6

For the fiscal year ended March 31, 2025 7

Consolidated Statements of Cash Flows 8

Non-consolidated Balance Sheets 10

Non-consolidated Statements of Income 13

For the fiscal year ended March 31, 2024 15

For the fiscal year ended March 31, 2025 17

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The San-in Godo Bank,Ltd.

Consolidated Financial Statements

Consolidated Balance Sheets

(Millions of yen)

As of March 31, 2024 As of March 31, 2025

Assets

Cash and due from banks 886,423 1,220,745

Call loans and bills bought 4,012 6,653

Monetary claims bought 13,889 14,407

Money held in trust 4,993 5,000

Securities 1,558,741 1,983,510

Loans and bills discounted 4,744,248 5,099,488

Foreign exchanges 2,485 2,354

Lease receivables and investment assets 28,155 30,702

Other assets 67,907 130,636

Property, plant and equipment 34,326 34,992

Buildings, net 10,807 10,184

Land 19,910 19,507

Construction in progress 11 670

Other tangible fixed assets 3,596 4,630

Intangible assets 3,320 2,736

Software 2,974 2,401

Goodwill 85 74

Other intangible fixed assets 260 260

Retirement benefit asset 8,411 10,481

Deferred tax assets 34,614 47,362

Customers' liabilities for acceptances and guarantees 12,779 11,524

Allowance for loan losses (43,612) (51,084)

Allowance for investment loss (134) (74)

Total assets 7,360,564 8,549,438

Liabilities

Deposits 5,923,978 6,222,992

Negotiable certificates of deposit 306,743 431,400

Call money and bills sold 44,665 663,276

Cash collateral received for securities lent 92,129 93,940

Borrowed money 563,602 687,885

Foreign exchanges 41 143

Other liabilities 78,393 113,410

Provision for bonuses 948 947

Retirement benefit liability 8,706 7,821

Provision for stocks payment 418 446

Provision for retirement benefits for directors (and other officers)

77 100

Provision for reimbursement of deposits 168 151

Provision for contingencies 785 792

Deferred tax liabilities 20 17

Deferred tax liabilities for land revaluation 2,015 2,020

Acceptances and guarantees 12,779 11,524

Total liabilities 7,035,474 8,236,870

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