Investor Presentaiton
The Board of Directors
The Yamagata Bank, Ltd.
Independent Auditor's Report
We have audited the accompanying consolidated financial statements of The Yamagata Bank, Ltd.
and its consolidated subsidiaries, which comprise the consolidated balance sheet as at March 31,
2014, and the consolidated statements of income, comprehensive income, changes in net assets,
and cash flows for the year then ended and a summary of significant accounting policies and other
explanatory information, all expressed in Japanese yen.
Management's Responsibility for the Consolidated Financial Statements
Management is responsible for the preparation and fair presentation of these consolidated financial
statements in accordance with accounting principles generally accepted in Japan, and for designing
and operating such internal control as management determines is necessary to enable the prepara-
tion and fair presentation of the consolidated financial statements that are free from material
misstatement, whether due to fraud or error.
Auditor's Responsibility
Our responsibility is to express an opinion on these consolidated financial statements based on our
audit. We conducted our audit in accordance with auditing standards generally accepted in Japan.
Those standards require that we plan and perform the audit to obtain reasonable assurance about
whether the consolidated financial statements are free from material misstatement.
An audit involves performing procedures to obtain audit evidence about the amounts and disclo-
sures in the consolidated financial statements. The procedures selected depend on the auditor's
judgment, including the assessment of the risks of material misstatement of the consolidated finan-
cial statements, whether due to fraud or error. The purpose of an audit of the consolidated financial
statements is not to express an opinion on the effectiveness of the entity's internal control, but in
making these risk assessments the auditor considers internal controls relevant to the entity's prepa-
ration and fair presentation of the consolidated financial statements in order to design audit
procedures that are appropriate in the circumstances. An audit also includes evaluating the appro-
priateness of accounting policies used and the reasonableness of accounting estimates made by
management, as well as evaluating the overall presentation of the consolidated financial statements.
We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our audit opinion.
Opinion
In our opinion, the consolidated financial statements referred to above present fairly, in all material
respects, the consolidated financial position of The Yamagata Bank, Ltd. and its consolidated subsid-
iaries as at March 31, 2014, and their consolidated financial performance and cash flows for the
year then ended in conformity with accounting principles generally accepted in Japan.
Convenience Translation
We have reviewed the translation of these consolidated financial statements into U.S. dollars,
presented for the convenience of readers, and, in our opinion, the accompanying consolidated
financial statements have been properly translated on the basis described in Note 2.
June 24, 2014
Yamagata, Japan
Non-Consolidated Balance Sheet
As of March 31, 2014 and 2013
Assets
Cash and due from banks
Call loans and bills purchased.
Trading securities
Securities
Loans and bills discounted
Foreign exchange
Other assets
Tangible fixed assets
Buildings
2014
2013
2014
(Millions of yen)
(Millions of yen)
(Thousands of U.S.dollars)
\
37,493
18,683
¥
87,769
72,644
$
364,301
181,535
57
854,127
1,418,297
34
771,931
557
8,298,943
1,333,899
13,780,585
1,510
1,029
14,677
12,549
10,518
121,933
13,228
13,057
128,530
3,010
3,128
29,250
8,923
8,933
86,704
64
60
626
319
13
3,104
910
922
8,845
1,144
1,325
11,121
929
1,109
9,033
Other intangible fixed assets
214
215
2,087
Customers' liabilities for acceptances and guarantees
Reserve for possible loan losses...
¥
15,940
(6,504)
2,366,529
16,754
154,882
¥
(8,596)
2,300,369
$
(63,195)
22,993,873
Land
Leased assets
Construction in process
Other tangible fixed assets
Intangible fixed assets
Software
Total assets
Liabilities and Net Assets
Liabilities:
Deposits
Call money
Other liabilities
¥
2,126,057
¥
Payables under securities lending transactions
Borrowed money
21,204
46,651
2,098,715
538
15,366
22,694
$
20,657,379
206,031
453,280
Foreign exchange
55
13,703
Reserve for bonuses to directors and corporate auditors
Reserve for employees' retirement benefits
Reserve for directors and corporate auditors' retirement benefits
Reserve for losses on dormant deposit repayments
Reserve for losses on contingencies
20
38
12,370
20
536
133,145
194
687
1,091
6,682
288
264
2,805
158
187
1,535
225
147
2,192
Deferred tax liabilities
5,593
3,433
54,352
Deferred tax liabilities arising from revaluation of land
Acceptances and guarantees
1,586
15,940
2,232,173
1,612
15,417
¥
16,754
2,173,235
$
154,882
21,688,436
Total liabilities....
Net Assets
Common stock
Issued
Authorized - 298,350,000 shares
Capital surplus
172,000,000 shares
¥
Retained earnings
Less treasury stock, at cost
Total Shareholder's equity
Unrealized holding gain on securities
Deferred loss on hedging instruments
12,008
4,937
101,203
(828)
¥
12,008
4,937
95,968
$
116,678
47,975
983,321
(820)
(8,053)
117,320
112,093
1,139,921
18,332
17,135
178,125
(2,370)
(3,108)
(23,036)
Revaluation of land
1,073
1,012
10,426
Total of net assets
\
134,355
2,366,529
¥
127,133
2,300,369
1,305,436
$
22,993,873
Ernst & Young Shin hihon LLC
Total of liabilities and net assets
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