San-in Godo Bank Ltd.TSE: 8381

Consolidated Financial Results for the Six Months Ended September 30,2025

· Issued by San-in Godo Bank Ltd.

Note: This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.



November 13, 2025



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

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 to file semi-annual securities report: November 21, 2025 Scheduled date to commence dividend payments: December 8, 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 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

      Profit attributable to owners of parent

      Six months ended September 30, 2025

      September 30, 2024

      Millions of yen

      76,075

      63,497

      %

      19.8

      10.2

      Millions of yen

      15,039

      12,070

      %

      24.5

      21.3

      Millions of yen

      10,707

      8,356

      %

      28.1

      26.0

      Note: Comprehensive income

      For the six months ended September 30, 2025:

      ¥

      15,079 million [

      321.6%]

      For the six months ended September 30, 2024:

      ¥

      3,576 million [

      - %]

      Basic earnings per share

      Diluted earnings per share

      Six months ended

      Yen

      Yen

      September 30, 2025

      70.61

      70.59

      September 30, 2024

      54.69

      54.67

    2. Consolidated financial position

    Total assets

    Net assets

    Net assets ratio

    As of

    September 30, 2025

    March 31, 2025

    Millions of yen

    8,495,593

    8,549,438

    Millions of yen

    323,006

    312,568

    %

    3.7

    3.6

    Reference: Equity

    As of September 30, 2025:

    ¥

    322,826 million

    As of March 31, 2025:

    ¥

    312,387 million

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

  2. Cash dividends

    Annual dividends per share

    First quarter-end

    Second quarter-end

    Third quarter-end

    Fiscal year-end

    Total

    Yen

    Yen

    Yen

    Yen

    Yen

    Fiscal year ended March 31, 2025

    -

    24.00

    -

    24.00

    48.00

    Fiscal year ending March 31, 2026

    -

    28.00

    Fiscal year ending March 31, 2026

    (Forecast)

    -

    28.00

    56.00

    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.)

Ordinary income

Ordinary profit

Profit attributable to owners of parent

Basic earnings per share

Full year

Millions of yen

160,300

%

18.4

Millions of yen

29,800

%

11.5

Millions of yen

21,000

%

12.0

Yen

138.59

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

* 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)

      As of September 30, 2025

      156,977,472 shares

      As of March 31, 2025

      156,977,472 shares

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

      As of September 30, 2025

      5,579,714 shares

      As of March 31, 2025

      4,837,415 shares

    3. Average number of shares outstanding during the period

Six months ended September 30, 2025

151,633,114 shares

Six months ended September 30, 2024

152,794,176 shares

Note: The period-end treasury stock includes the Bank's shares held by a trust account for Board Benefit Trust (BBT) and Japan Employee Stock Ownership Plan (J-ESOP) (1,099,200 shares as of September 30, 2025 and 781,300 shares as of March 31, 2025 ).

The treasury stock deducted to calculate the average number of outstanding shares includes the Bank's shares held by the trust accounts (803,636 shares as of September 30, 2025 and 850,425 shares as of September 30, 2024 ).

Overview of non-consolidated financial results
  1. Non-consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)
    1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

      Ordinary income

      Ordinary profit

      Profit

      Six months ended September 30, 2025

      September 30, 2024

      Millions of yen

      66,580

      54,930

      %

      21.2

      14.3

      Millions of yen

      15,021

      12,053

      %

      24.6

      39.5

      Millions of yen

      10,765

      8,368

      %

      28.6

      34.1

      Basic earnings per share

      Six months ended

      Yen

      September 30, 2025

      70.99

      September 30, 2024

      54.77

    2. Non-consolidated financial position

    Total assets

    Net assets

    Net assets ratio

    As of

    September 30, 2025

    March 31, 2025

    Millions of yen

    8,468,494

    8,521,764

    Millions of yen

    303,588

    293,028

    %

    3.5

    3.4

    Reference: Equity

    As of September 30, 2025: ¥ 303,560 million

    As of March 31, 2025: ¥ 292,997 million Note: Net assets ratio = (Net assets - Share acquisition rights) / Total assets

  2. Non-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.)

Ordinary income

Ordinary profit

Profit

Basic earnings per share

Full year

Millions of yen

139,400

%

19.1

Millions of yen

28,900

%

11.1

Millions of yen

20,500

%

12.4

Yen

135.29

  • 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 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.

Table of Contents

Semi-annual Consolidated Financial Statements

2

Semi-annual Consolidated Balance Sheet

2

Semi-annual Consolidated Statements of Income and Comprehensive Income

4

Semi-annual Consolidated Statement of Income

4

Semi-annual Consolidated Statement of Comprehensive Income

5

Semi-annual Consolidated Statements of Changes in Equity

6

For the six months ended September 30, 2024

6

For the six months ended September 30, 2025

7

Semi-annual Non-consolidated Financial Statements

8

Semi-annual Non-consolidated Balance Sheet

8

Semi-annual Non-consolidated Statements of Income

10

Semi-annual Non-consolidated Statements of Changes in Equity

11

For the six months ended September 30, 2024

11

For the six months ended September 30, 2025

13

Financial Highlights for 1H/FY2025

15

Semi-annual Consolidated Financial Statements Semi-annual Consolidated Balance Sheet

(Millions of yen) As of March 31, 2025 As of September 30, 2025

Assets

Cash and due from banks

1,220,745

1,394,491

Call loans and bills bought

6,653

3,870

Monetary claims bought

14,407

14,053

Money held in trust

5,000

5,003

Securities

1,983,510

1,724,713

Loans and bills discounted

5,099,488

5,169,416

Foreign exchanges

2,354

3,337

Lease receivables and investment assets

30,702

32,197

Other assets

130,636

92,985

Tangible fixed assets

34,992

36,290

Intangible fixed assets

2,736

2,772

Retirement benefit asset

10,481

11,205

Deferred tax assets

47,362

45,303

Customers' liabilities for acceptances and guarantees

11,524

12,019

Allowance for loan losses

(51,084)

(52,021)

Allowance for investment loss

(74)

(46)

Total assets

8,549,438

8,495,593

Liabilities

Deposits

6,222,992

6,342,975

Negotiable certificates of deposit

431,400

308,900

Call money and bills sold

663,276

624,597

Cash collateral received for securities lent

93,940

157,162

Borrowed money

687,885

622,770

Foreign exchanges

143

36

Other liabilities

113,410

91,808

Provision for bonuses

947

932

Retirement benefit liability

7,821

7,725

Provision for stocks payment

446

573

Provision for retirement benefits for directors (and other officers)

100

93

Provision for reimbursement of deposits

151

124

Provision for contingencies

792

840

Deferred tax liabilities

17

19

Deferred tax liabilities for land revaluation

2,020

2,007

Acceptances and guarantees

11,524

12,019

Total liabilities

8,236,870

8,172,586

(Millions of yen) As of March 31, 2025 As of September 30, 2025

Net assets

Share capital

20,705

20,705

Capital surplus

22,292

22,411

Retained earnings

334,017

341,061

Treasury shares

(4,604)

(5,689)

Total shareholders' equity

372,410

378,488

Valuation difference on available-for-sale securities

(71,967)

(76,301)

Deferred gains or losses on hedges

7,714

16,368

Revaluation reserve for land

2,072

2,065

Remeasurements of defined benefit plans

2,158

2,204

Total accumulated other comprehensive income

(60,022)

(55,662)

Share acquisition rights

30

28

Non-controlling interests

150

152

Total net assets

312,568

323,006

Total liabilities and net assets

8,549,438

8,495,593

Semi-annual Consolidated Statements of Income and Comprehensive Income

Semi-annual Consolidated Statement of Income

(Millions of yen)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Ordinary income

63,497

76,075

Interest income

42,909

55,395

Interest on loans and discounts

29,270

36,823

Interest and dividends on securities

11,124

14,485

Fees and commissions

9,015

9,161

Other ordinary income

8,255

9,527

Other income

3,316

1,990

Ordinary expenses

51,426

61,035

Interest expenses

5,705

17,629

Interest on deposits

1,795

11,305

Fees and commissions payments

2,519

2,857

Other ordinary expenses

15,464

16,271

General and administrative expenses

20,473

20,905

Other expenses

7,264

3,371

Ordinary profit

12,070

15,039

Extraordinary income

110

293

Gain on disposal of non-current assets

110

293

Extraordinary losses

124

156

Loss on disposal of non-current assets

22

3

Impairment losses

101

152

Profit before income taxes

12,056

15,176

Income taxes - current

4,493

4,404

Income taxes - deferred

(788)

59

Total income taxes

3,705

4,464

Profit

8,351

10,712

Profit (loss) attributable to non-controlling interests

(5)

4

Profit attributable to owners of parent

8,356

10,707

Semi-annual Consolidated Statement of Comprehensive Income

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Profit 8,351 10,712

(Millions of yen)

Other comprehensive income

Valuation difference on available-for-sale securities (3,671) (4,334)

Deferred gains or losses on hedges (1,246) 8,654

Comprehensive income attributable to owners of parent

3,589

15,074

Total other comprehensive income

(4,774)

4,366

Comprehensive income attributable to

Comprehensive income 3,576 15,079

Remeasurements of defined benefit plans, net of tax 143 46

Comprehensive income attributable to non-controlling

interests

(12) 4

Semi-annual Consolidated Statement of Changes in Equity

For the six months ended September 30, 2024

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders' equity

Balance at beginning of period

20,705

22,058

322,070

(2,679)

362,155

Changes during period

Dividends of surplus

(3,241)

(3,241)

Profit attributable to owners of parent

8,356

8,356

Purchase of treasury shares

(2,001)

(2,001)

Disposal of treasury shares

-

76

76

Reversal of revaluation reserve for land

25

25

Net changes in items other

than shareholders' equity

Total changes during period

-

-

5,140

(1,924)

3,216

Balance at end of period

20,705

22,058

327,211

(4,603)

365,371

Accumulated other comprehensive income

Share acquisition rights

Non-controlling interests

Total net assets

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Revaluation reserve for land

Remeasurements of defined benefit plans

Total accumulated other comprehensive income

Balance at beginning of period

(42,381)

1,434

2,251

1,125

(37,570)

30

475

325,089

Changes during

period

Dividends of surplus

(3,241)

Profit attributable

to owners of parent

8,356

Purchase of treasury shares

(2,001)

Disposal of

treasury shares

76

Reversal of revaluation reserve for land

25

Net changes in items other than shareholders'

equity

(3,664)

(1,246)

(25)

143

(4,793)

-

(14)

(4,807)

Total changes during period

(3,664)

(1,246)

(25)

143

(4,793)

-

(14)

(1,591)

Balance at end of

period

(46,045)

187

2,225

1,268

(42,363)

30

460

323,498

For the six months ended September 30, 2025

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Retained earnings

Treasury shares

Total shareholders' equity

Balance at beginning of period

20,705

22,292

334,017

(4,604)

372,410

Changes during period

Dividends of surplus

(3,670)

(3,670)

Profit attributable to owners of parent

10,707

10,707

Purchase of treasury shares

(1,500)

(1,500)

Disposal of treasury shares

118

415

534

Reversal of revaluation reserve for land

6

6

Net changes in items other

than shareholders' equity

Total changes during period

-

118

7,044

(1,085)

6,077

Balance at end of period

20,705

22,411

341,061

(5,689)

378,488

Accumulated other comprehensive income

Share acquisition rights

Non-controlling interests

Total net assets

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Revaluation reserve for land

Remeasurements of defined benefit plans

Total accumulated other comprehensive income

Balance at beginning

of period

(71,967)

7,714

2,072

2,158

(60,022)

30

150

312,568

Changes during period

Dividends of

surplus

(3,670)

Profit attributable to owners of parent

10,707

Purchase of

treasury shares

(1,500)

Disposal of treasury shares

534

Reversal of revaluation reserve

for land

6

Net changes in items other than shareholders' equity

(4,334)

8,654

(6)

46

4,360

(1)

2

4,360

Total changes

during period

(4,334)

8,654

(6)

46

4,360

(1)

2

10,438

Balance at end of period

(76,301)

16,368

2,065

2,204

(55,662)

28

152

323,006

Semi-annual Non-consolidated Financial Statements Semi-annual Non-consolidated Balance Sheet

(Millions of yen) As of March 31, 2025 As of September 30, 2025

Assets

Cash and due from banks

1,220,327

1,393,962

Call loans

6,653

3,870

Monetary claims bought

12,629

12,318

Money held in trust

5,000

5,003

Securities

1,983,075

1,724,532

Loans and bills discounted

5,132,213

5,206,298

Foreign exchanges

2,354

3,337

Other assets

110,192

71,559

Other

110,192

71,559

Tangible fixed assets

29,862

29,827

Intangible fixed assets

2,561

2,622

Prepaid pension costs

7,945

8,610

Deferred tax assets

47,923

45,739

Customers' liabilities for acceptances and guarantees

11,512

12,008

Allowance for loan losses

(50,422)

(51,161)

Allowance for investment loss

(64)

(37)

Total assets

8,521,764

8,468,494

Liabilities

Deposits

6,233,367

6,353,878

Negotiable certificates of deposit

431,400

308,900

Call money

663,276

624,597

Cash collateral received for securities lent

93,940

157,162

Borrowed money

677,300

612,000

Foreign exchanges

143

36

Other liabilities

105,341

83,856

Income taxes payable

5,698

3,660

Lease liabilities

128

120

Asset retirement obligations

506

490

Other

99,008

79,585

Provision for bonuses

889

867

Provision for retirement benefits

8,153

8,055

Provision for stocks payment

446

573

Provision for reimbursement of deposits

151

124

Provision for contingencies

792

840

Deferred tax liabilities for land revaluation

2,020

2,007

Acceptances and guarantees

11,512

12,008

Total liabilities

8,228,736

8,164,906

(Millions of yen) As of March 31, 2025 As of September 30, 2025

Net assets

Share capital

20,705

20,705

Capital surplus

15,516

15,635

Legal capital surplus

15,516

15,516

Other capital surplus

-

118

Retained earnings

324,108

331,210

Legal retained earnings

17,584

17,584

Other retained earnings

306,523

313,625

Reserve for tax purpose reduction entry of non-current assets

137

123

General revenue reserve

251,829

256,829

Retained earnings brought forward

54,556

56,672

Treasury shares

(4,604)

(5,689)

Total shareholders' equity

355,725

361,861

Valuation difference on available-for-sale securities

(72,514)

(76,735)

Deferred gains or losses on hedges

7,714

16,368

Revaluation reserve for land

2,072

2,065

Total valuation and translation adjustments

(62,727)

(58,301)

Share acquisition rights

30

28

Total net assets

293,028

303,588

Total liabilities and net assets

8,521,764

8,468,494

Semi-annual Non-consolidated Statement of Income

(Millions of yen)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Ordinary income

54,930

66,580

Interest income

43,029

55,589

Interest on loans and discounts

29,313

36,965

Interest and dividends on securities

11,200

14,538

Fees and commissions

8,612

8,622

Other ordinary income

16

400

Other income

3,271

1,967

Ordinary expenses

42,876

51,559

Interest expenses

5,682

17,607

Interest on deposits

1,796

11,311

Fees and commissions payments

2,650

3,023

Other ordinary expenses

7,974

8,173

General and administrative expenses

19,481

19,630

Other expenses

7,088

3,125

Ordinary profit

12,053

15,021

Extraordinary income

8

288

Extraordinary losses

96

156

Profit before income taxes

11,965

15,154

Income taxes - current

4,447

4,237

Income taxes - deferred

(850)

151

Total income taxes

3,596

4,388

Profit

8,368

10,765

Semi-annual Non-consolidated Statement of Changes in Equity

For the six months ended September 30, 2024

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Legal capital surplus

Other capital surplus

Total capital surplus

Balance at beginning of period

20,705

15,516

-

15,516

Changes during period

Reversal of reserve for tax purpose reduction entry of non-current assets

Provision of general revenue

reserve

Dividends of surplus

Profit

Purchase of treasury shares

Disposal of treasury shares

-

-

Reversal of revaluation reserve for land

Net changes in items other than

shareholders' equity

Total changes during period

-

-

-

-

Balance at end of period

20,705

15,516

-

15,516

Shareholders' equity

Retained earnings

Treasury shares

Total shareholders' equity

Legal retained earnings

Other retained earnings

Total retained earnings

Reserve for tax purpose reduction entry of non-current assets

General revenue reserve

Retained earnings brought forward

Balance at beginning

of period

17,584

143

246,829

48,118

312,675

(2,679)

346,218

Changes during period

Reversal of reserve for tax purpose reduction entry of

non-current assets

(2)

2

-

Provision of general revenue reserve

5,000

(5,000)

-

Dividends of

surplus

(3,241)

(3,241)

(3,241)

Profit

8,368

8,368

8,368

Purchase of treasury shares

(2,001)

(2,001)

Disposal of treasury

shares

76

76

Reversal of revaluation reserve for land

25

25

25

Net changes in items other than

shareholders' equity

Total changes during period

-

(2)

5,000

155

5,152

(1,924)

3,228

Balance at end of

period

17,584

140

251,829

48,273

317,828

(4,603)

349,446

(Millions of yen)

Valuation and translation adjustments

Share acquisition rights

Total net assets

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Revaluation reserve for land

Total valuation and translation adjustments

Balance at beginning of period

(42,807)

1,434

2,251

(39,122)

30

307,125

Changes during

period

Reversal of reserve for tax purpose reduction entry of non-current assets

Provision of general

revenue reserve

Dividends of surplus

(3,241)

Profit

8,368

Purchase of treasury shares

(2,001)

Disposal of treasury

shares

76

Reversal of revaluation reserve for land

25

Net changes in items other than

shareholders' equity

(3,629)

(1,246)

(25)

(4,901)

-

(4,901)

Total changes during period

(3,629)

(1,246)

(25)

(4,901)

-

(1,673)

Balance at end of

period

(46,437)

187

2,225

(44,024)

30

305,452

For the six months ended September 30, 2025

(Millions of yen)

Shareholders' equity

Share capital

Capital surplus

Legal capital surplus

Other capital surplus

Total capital surplus

Balance at beginning of period

20,705

15,516

-

15,516

Changes during period

Reversal of reserve for tax purpose reduction entry of non-current assets

Provision of general revenue

reserve

Dividends of surplus

Profit

Purchase of treasury shares

Disposal of treasury shares

118

118

Reversal of revaluation reserve for land

Net changes in items other than

shareholders' equity

Total changes during period

-

-

118

118

Balance at end of period

20,705

15,516

118

15,635

Shareholders' equity

Retained earnings

Treasury shares

Total shareholders' equity

Legal retained earnings

Other retained earnings

Total retained earnings

Reserve for tax purpose reduction entry of non-current assets

General revenue reserve

Retained earnings brought forward

Balance at beginning

of period

17,584

137

251,829

54,556

324,108

(4,604)

355,725

Changes during period

Reversal of reserve for tax purpose reduction entry of

non-current assets

(14)

14

-

Provision of general revenue reserve

5,000

(5,000)

-

Dividends of

surplus

(3,670)

(3,670)

(3,670)

Profit

10,765

10,765

10,765

Purchase of treasury shares

(1,500)

(1,500)

Disposal of treasury

shares

415

534

Reversal of revaluation reserve for land

6

6

6

Net changes in items other than

shareholders' equity

Total changes during period

-

(14)

5,000

2,115

7,101

(1,085)

6,135

Balance at end of

period

17,584

123

256,829

56,672

331,210

(5,689)

361,861

(Millions of yen)

Valuation and translation adjustments

Share acquisition rights

Total net assets

Valuation difference on available-for-sale securities

Deferred gains or losses on hedges

Revaluation reserve for land

Total valuation and translation adjustments

Balance at beginning of period

(72,514)

7,714

2,072

(62,727)

30

293,028

Changes during

period

Reversal of reserve for tax purpose reduction entry of non-current assets

Provision of general

revenue reserve

Dividends of surplus

(3,670)

Profit

10,765

Purchase of treasury shares

(1,500)

Disposal of treasury

shares

534

Reversal of revaluation reserve for land

6

Net changes in items other than

shareholders' equity

(4,221)

8,654

(6)

4,426

(1)

4,424

Total changes during period

(4,221)

8,654

(6)

4,426

(1)

10,560

Balance at end of

period

(76,735)

16,368

2,065

(58,301)

28

303,588

Financial Highlights for 1H/FY2025

Nov 13,2025



１．Summary of Financial Results for 1H/FY2025 Summary of Financial Results

（Million yen）

（Japanese）

1H/

FY2024

1H/FY2025

Forecast

FY2025

YoY change

YoY change

(%)

Ordinary income

連結経常収益

63,497

76,075

12,578

19.8%

76,300

Gross business profit

連結粗利益

36,491

37,326

835

2.2%

Net interest income

資金利益

37,204

37,765

561

1.5%

Interest on loans and discounts

うち貸出金利息

29,270

36,823

7,553

25.8%

Interest on and dividends on securities

うち有価証券利息 配当金

11,124

14,485

3,361

30.2%

Net fees and commissions income

役務取引等利益

6,496

6,304

(192)

(2.9%)

Net other ordinary income

その他業務利益

(7,209)

(6,744)

465

Gains (losses) related to bonds, etc.

うち債券関係損益

(2,700)

(3,832)

(1,132)

General and administrative expenses

営業経

20,473

20,905

432

2.1%

Credit costs

与信

用

6,809

3,189

(3,620)

(53.1%)

Gains (losses) related to equity securities

株式等関係損益

1,530

551

(979)

(63.9%)

Others

その他

1,330

1,257

(73)

(5.4%)

Ordinary profit

経常利益

12,070

15,039

2,969

24.5%

15,100

Extraordinary income (losses)

特別損益

(14)

136

150

Profit attributable to owners of parent

親会社株主に帰属 する

中間純利益

8,356

10,707

2,351

28.1%

10,400

【Consolidated】



【Non-Consolidated】



1H/

（Million yen）

（Japanese)

1H/

FY2024

1H/FY2025

Forecast

FY2025

YoY change

YoY change

(%)

Ordinary income

経常収益

54,930

66,580

11,650

21.2%

66,300

Core net business profit*(excluding gains (losses)

on cancellation of investment trusts)

コア業務純益

16,583

18,019

1,436

8.6%

Ordinary profit

経常利益

12,053

15,021

2,968

24.6%

14,800

Profit

中間純利益

8,368

10,765

2,397

28.6%

10,200

1H/

Note： Forecast for 1H/FY2025 was announced on May 13, 2025.

*Core net business profit = Net business profit (before provisions to general allowance for loan losses) - gains(losses) related to bonds,etc.

Financial Summary Financial Results

(Billion yen)

14.4

15.4

16.8

18.7

21.0*

10.2

2H

10.7 1H

25.0

20.0

15.0

10.0

5.0

0.0

Profit attributable to owners of parent

FY2021 FY2022 FY2023 FY2024 FY2025

*Forecast

(Billion yen)

37.2

37.7

30.8

31.6

27.7

40.0

30.0

Net interest income

20.0

1H/FY2021 1H/FY2022 1H/FY2023 1H/FY2024 1H/FY2025



(Billion yen)

4.1

4.9

5.0

Net fees and commissions income

6.2 6.4 6.3

0.0

1H/FY2021 1H/FY2022 1H/FY2023 1H/FY2024 1H/FY2025

（Million yen）

(Japanese)

1H/ FY2024

1H/

FY2025

YoY change

YoY change (%)

Ordinary income

経常収益

63,497

76,075

12,578

19.8%

Interest income

資金運用収益

42,909

55,395

12,486

29.0%

Interest on loans and discounts

うち貸出金利 息

29,270

36,823

7,553

25.8%

Interest and dividends on

securities

うち有価証券 利息

配当金

11,124

14,485

3,361

30.2%

Gains on cancellation of investment trusts

うち投資信 託解約益

2,193

2,068

(125)

(5.6%)

Fees and commissions

役務取引等収 益

9,015

9,161

146

1.6%

Other ordinary income

その他業務収 益

8,255

9,527

1,272

15.4%

Other income

その他経常収 益

3,316

1,990

(1,326)

(39.9%)

Ordinary expenses

経常

用

51,426

61,035

9,609

18.6%

Interest expenses

資金調達

用

5,705

17,629

11,924

209.0%

Fees and commissions payments

役務取引等

用

2,519

2,857

338

13.4%

Other ordinary expenses

その他業務

用

15,464

16,271

807

5.2%

General and administrative expenses

営業経

20,473

20,905

432

2.1%

Other expenses

その他経常

用

7,264

3,371

(3,893)

(53.5%)

Ordinary profit

経常利益

12,070

15,039

2,969

24.5%

Extraordinary income (losses)

特別損益

(14)

136

150

Profit before income taxes

税金等調 整前中間純利益

12,056

15,176

3,120

25.8%

Total income taxes

法人税等合計

3,705

4,464

759

20.4%

Profit attributable to owners of parent

親会社株主 に帰属する中間純利益

8,356

10,707

2,351

28.1%

1H/







（Million yen）

(Japanese)

1H/ FY2024

FY2025

YoY change

YoY change

(%)

Ordinary income

経常収益

54,930

66,580

11,650

21.2%

Gross banking profit

業務粗利益

35,353

35,818

465

1.3%

Net interest income

資金利益

37,348

37,991

643

1.7%

Interest on loans and discounts

うち貸出金利息

29,313

36,965

7,652

26.1%

Interest and dividends on securities

うち有価証券利息配当 金

11,200

14,538

3,338

29.8%

Gains on cancellation of investment trusts

うち投資信託解約益

2,193

2,068

(125)

(5.6%)

Net fees and commissions

役務取引等利益

5,962

5,599

(363)

(6.0%)

Net other ordinary income

その他業務利益

(7,957)

(7,772)

185

Gains (losses) related to bonds, etc.

うち債券関係損益

(2,699)

(3,832)

(1,133)

Gains (losses) on derivatives

うち金融派生商品損益

(5,274)

(4,181)

1,093

Currency swap expenses (-)

うち通貨スワップ用

5,565

4,378

(1,187)

(21.3%)

Expenses (excluding non-recurrent expenses)

経

（除く臨時
用 処理分）

19,275

19,562

287

1.4%

Personnel expenses

うち人件

9,543

10,095

552

5.7%

Non-personnel expenses

うち物件

8,371

8,093

(278)

(3.3%)

Provision of general allowance for loan losses ①

一般貸倒引当金繰入額

3,921

(1,589)

(5,510)

Net business profit

業務純益

12,156

17,845

5,689

46.7%

Net business profit(before provisions to general allowance for

loan losses )

実質業務純益

16,077

16,255

178

1.1%

Core net business profit

コア業務純益

18,776

20,088

1,312

6.9%

Core net business profit (excluding gains (losses) on

cancellation of investment trusts)

コア業務純益

（除く投資信託解約損 益）

16,583

18,019

1,436

8.6%

Non-recurring gains (losses)

臨時損益

(101)

(2,814)

(2,713)

Disposal of non-performing loans ②

うち不良債権処理額

2,821

4,534

1,713

60.7%

Transfer to specific reserve for possible loan losses

うち個別貸倒引当金繰入額

2,353

4,186

1,833

77.9%

Reversal of allowance for loan losses, etc. ③

うち貸倒引当金戻入益

-

-

-

Gains (losses) related to equity securities

うち株式等関係損益

1,524

551

(973)

(63.8%)

Ordinary profit

経常利益

12,053

15,021

2,968

24.6%

Extraordinary income (losses)

特別損益

(87)

132

219

Impairment losses

うち減損損失（固定資産）

75

152

77

102.6%

Total income taxes

法人税等合計

3,596

4,388

792

22.0%

Profit

中間純利益

8,368

10,765

2,397

28.6%

Credit costs （①＋②－③）

与信

用

6,742

2,944

(3,798)

(56.3%)

Deposits, Loans and Securities(average balance) Total deposits (average balance)

（Billion yen）

（Japanese）

1H/ FY2024

1H/

FY2025

YoY

change

YoY

change (%)

Total deposits, etc.

預金等

6,467.5

6,750.5

282.9

4.3%

Deposits

預金

5,878.8

6,440.2

561.4

9.5%

San-in

山陰

4,256.6

4,250.9

(5.7)

(0.1%)

Sanyo

山陽

311.0

304.1

(6.8)

(2.2%)

Kansai

関西

276.7

305.1

28.4

10.2%

Tokyo

東京

1,034.4

1,580.0

545.5

52.7%

NCDs

譲渡性預金

588.7

310.2

(278.4)

(47.2%)

Loans

貸出金

4,805.3

5,134.7

329.3

6.8%

San-in

山陰

1,775.7

1,797.5

21.7

1.2%

Sanyo

山陽

951.5

1,014.4

62.8

6.6%

Kansai

関西

1,163.9

1,284.5

120.6

10.3%

Tokyo

東京

914.0

1,038.1

124.1

13.5%

Securities

有価証券

1,805.5

1,785.5

(20.0)

(1.1%)

JGBs

国債

439.3

432.2

(7.1)

(1.6%)

Local bonds

地方債

253.9

231.1

(22.8)

(9.0%)

Corporate bonds

社債

174.7

179.0

4.2

2.4%

Stocks

株式

15.8

18.4

2.5

16.0%

Foreign securities

外国証券

268.9

329.1

60.1

22.3%

Others

(Investment trusts,etc.)

その他の証券

（投資信託 等）

652.6

595.6

(57.0)

(8.7%)

（Billion yen）

6,000.0

5,000.0

4,000.0

3,000.0

2,000.0

1,000.0

5,541.1

955.9

1,558.6

3,026.5

5,878.8

842.8

1,980.1

3,055.8

6,440.2

1,195.5

2,180.3

3,064.3

Local public

organizations and financial institutions

Corporations

Individuals

0.0

1H/FY2023 1H/FY2024 1H/FY2025

Loans (average balance)

（Billion yen）

5,000.0

4,000.0

3,000.0

2,000.0

1,000.0

0.0

4,375.4

603.3

2,654.5

1,117.5

4,805.3

659.3

2,910.2

1,235.7

5,134.7

685.4

3,111.9

1,337.3

Local public

organizations and financial institutions

Corporations

Individuals

1H/FY2023 1H/FY2024 1H/FY2025

Interest on loans and discounts/deposits Net fees and commissions (Non-Consolidated)

（Billion yen）

36.9

29.3

24.8

17.9

20.2

Increase for 8 consecutive fiscal years

40.0

30.0

20.0

10.0

（Billion yen）

5.5

4.6

2.0

1.7

1.2

Others

3.7

1.4

1.7

1.6

1.6

1.7

2.0

Assets under management related

Corporate

solutions

0.5

0.6

0.7

0.6

0.6

Credit card related

0.8

1.1

1.2

1.0

1.0

1.9

5.8

5.9

6.0

4.0

2.0

0.0

1H/FY2021 1H/FY2022 1H/FY2023 1H/FY2024 1H/FY2025

0.0

1H/FY2021 1H/FY2022 1H/FY2023 1H/FY2024 1H/FY2025

Income from customer services

（Billion yen）

9.2

8.2

6.6

4.3

1.6

10.0

8.0

Balance of assets under management

Balance of assets under management

Net increase in cash and other assets in securities accounts (accumulated)

(Billion yen) (Billion yen)

1,175.3

6.0

4.0

2.0

0.0

1H/FY2021 1H/FY2022 1H/FY2023 1H/FY2024 1H/FY2025

1,200.0

1,000.0

800.0

600.0

400.0

200.0

0.0

826.1

50.5

859.7

94.1

1,057.3 1,070.3

183.2

138.1

207.7

300.0

250.0

200.0

150.0

100.0

50.0

0.0

Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025

Loans Yield/Deposits Yield (Non-Consolidated, Domestic)

（Billion yen）

1.34%

NPL ratios

1.33%

1.31%

1.25%

1.33%

80.0

71.0

60.0

13.7

17.6

15.7

13.6

12.7

Substandard loans

40.0

31.8

30.5

32.0

34.4

39.1

20.0

16.5

16.9

18.0

18.0

Doubtful assets

Bankrupt and quasi-bankrupt

19.1 assets

0.0

62.1

66.1

65.8

65.2

Loans yield

Deposits yield

1.24

0.99

0.95

0.93

0.97

0.36

0.02

0.01

0.01

0.06



（％）

100.0

1.5

Soundness of loan assets (Non-Consolidated)

1.0

0.5

0.0

1H/FY2021 1H/FY2022 1H/FY2023 1H/FY2024 1H/FY2025

Sep 2023 Mar 2024 Sep 2024 Mar 2025 Sep 2025

Capital adequacy ratio (Domestic standard)

11.93%

11.54%

12.01%

11.50%

Consolidated

Non-Consolidated

362.6

347.5

11.12%

371.3

354.9

11.57%

376.4

360.0

Capital

(Non-Consolidated)

Capital (Consolidated)

（Billion yen）

Credit costs (Non-Consolidated)

6.1

7.5

6.0

5.0

3.0

1.8

1.5

0.2

2.0

1.0 0.9

6.7

2H

forecast

2.4

2.9

1H

12.8

（Billion yen）

400.0 10.0

300.0

5.0

200.0

Sep 2024 Mar 2025 Sep 2025

0.0

FY2021 FY2022 FY2023 FY2024 FY2025

Net holding gains (losses) on Other securities

（Billion yen）

(Japanese)

Mar 2025

(B)

Sep 2025

(A)

(A)-(B)

B/S amounts

*

Net

B/S amounts

*

Net

B/S amounts

*

Net

gains

(losses)

gains

losses

gains

(losses)

gains

losses

gains

(losses)

gains

losses

JGBs

国債

678.5

(48.2)

-

48.2

398.2

(67.5)

-

67.5

(280.2)

(19.3)

-

19.3

Local bonds

地方債

232.2

(9.5)

0.0

9.6

215.1

(9.4)

0.0

9.5

(17.0)

0.1

0.0

△ 0.1

Corporate bonds

社債

64.4

(3.1)

0.0

3.1

62.5

(3.5)

0.0

3.6

(1.9)

(0.4)

0.0

0.4

Stocks

株式

48.4

31.6

31.7

0.1

50.8

34.0

34.0

0.0

2.3

2.4

2.3

△ 0.0

Foreign securities

外国証券

268.6

(25.0)

0.4

25.4

348.5

(23.8)

2.0

25.8

79.9

1.2

1.5

0.3

Others

(Investment trusts,etc.)

その他の証券

（投資信託等 ）

578.4

(51.3)

15.4

66.7

533.6

(41.4)

18.0

59.4

(44.8)

9.9

2.6

△ 7.2

Total(C)

合計

1,870.7

(105.6)

47.7

153.4

1,608.9

(111.8)

54.3

166.1

(261.8)

(6.1)

6.5

12.6

*B/S amounts do not include held-to-maturity debt securities and investments in subsidiaries.

Aggregated amount of net holding gains(losses) on other securities and valuation gains(losses) on interest rate swap.

（Billion yen）

(Japanese)

Mar 2024 (E)

Mar 2025 (F)

(F)-(E)

Interest rate swap*(D)

金利スワップ

11.2

23.8

12.6

Total(C)+(D)

その他有価証 券の

評価損益との 合算

(94.4)

(87.9)

6.4

*Note :Interest rate swap to reduce the risk of interest rate, to which the deferred hedge accounting is applied.

Earnings Forecasts

（Million yen）

(Japanese)

1H/FY2025

Actual

FY2025

Forecast

Ordinary income

経常収益

76,075

160,300

Ordinary profit

経常利益

15,039

29,800

Profit attributable to

owners of parent

親会社株主に 帰属する当期（中間）純利益

10,707

21,000

【 Consolidated 】

Shareholder returns


34.3% 35.8%

Dividend

Payout Ratio

39.1%

Around 40%

2.0bn

Purchase of treasury shares

【 Non-Consolidated 】

（Yen）

1.0bn

Total 5.3bn

(34yen

per share）

23/3期

FY2022

1.0bn

Total 6.0bn

（39yen

per share）

24/3期

FY2023

Total 7.3bn

（48yen per share）

25/3期

FY2024

2.0bn

Total 85bn

（56yen Per share）

26/3期

FY2025

Dividends

（Million yen）

(Japanese)

1H/FY2025

Actual

FY2025

Forecast

Ordinary income

経常収益

66,580

139,400

Ordinary profit

経常利益

15,021

28,900

Profit

当期（中間 ）

純利益

10,765

20,500

Net business Profit

業務純益

17,845

30,400

Core net business profit(excluding gains (losses) on cancellation

of investment trusts)

コア業務純 益

（除く投資 信託解約損益）

18,019

40,400

※Dividend Payout Ratio：Total annual dividends /

（Forecast）

【 Credit costs ： Non-Consolidated 】

（Million yen）

(Japanese)

1H/FY2025

Actual

FY2025

Forecast

Credit costs

与信

用

2,944

6,000

Dividends

(Yen)

(Japanese)

FY2024

Actual

FY2025

Forecast*

Half year-end

中間配当

24

28

Year-end

期末配当

24

28

Total

年間配当

48

56

*The interim dividend

Profit attributable to owners of parent (consolidated)

Achievement of Medium-Term Management Plans

(Consolidated)

(Japanese)

1H/FY2025

Actual

FY2026

Plan

ROE

(Shareholders' equity basis)

ROE

（株主資本ベ ース）

5.68％

Over 6％

Profit attributable to owners of parent

親会社株主に 帰属する当期（中間）純利益

¥10.7 Billion

¥23.5 Billion

Capital adequacy ratio

自己資本 比率

12.01％

Around 11％

(Reference)

(Consolidated)

(Japanese)

1H/FY2025

Actual

ROE

(Equity basis)

ROE

（自己資本ベ ース）

6.72％

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