Aozora Bank, Ltd.
June 11, 2009

ＮＥＷＳ
ＲＥＬＥＡＳＥ
Determination of the FY2008 Capital Adequacy Ratio, and Partial Revision of the ‘Summary of the Financial Statements for the Fiscal Year 2008’ and ‘Financial Results for the FY 2008’
Aozora Bank, Ltd. has made necessary revisions to the ’Summary of the Financial Statements for the Fiscal Year 2008’ and ‘Financial Results for the FY2008’, as follows, and discloses its capital adequacy ratio, which was previously released as a preliminary figure. 1. Reason for the corrections The consolidated and non-consolidated capital adequacy ratios as of March 31, 2009, were disclosed as preliminary figures on May 15, 2009. These figures have now been determined. In addition, corrections to some disclosed information have been made. 2. Corrections in detail ’Summary of the Financial Statements for the Fiscal Year 2008’ Page 1 1. Business highlights for the fiscal year ended March 31, 2009 (FY 2008)
(2) Consolidated financial condition (Before correction)
Total assets
Total net assets
Net assets to
total assets
ratio (note1)
Net assets per
common share
Consolidated BIS
capital adequacy ratio
(domestic standard)
(note2)
Million Yen
Million Yen
％
Yen
％
Mar.31, 2009
6,077,330
529,607
8.7
232.51
(preliminary) 11.60
Mar.31, 2008
7,259,076
768,060
10.6
355.01
14.29
(After correction)
Total assets
Total net assets
Net assets to
total assets
ratio (note1)
Net assets per
common share
Consolidated BIS
capital adequacy ratio
(domestic standard)
(note2)
Million Yen
Million Yen
％
Yen
％
Mar.31, 2009
6,077,330
529,607
8.7
232.51
11.60
Mar.31, 2008
7,259,076
768,060
10.6
355.01
14.29
Page 2 (Summary of non-consolidated financial statements) 1
year ended March 31, 2009 (FY 2008)

(Before correction)
. Business highlights for the fiscal
(2) Financial condition

1

Total assets
Total net assets
Net assets to
total assets
ratio (note1)
Net assets per
common share
BIS capital adequacy ratio
(domestic standard)
(note2)
Million Yen
Million Yen
％
Yen
％
Mar.31, 2009
6,091,269
530,452
8.7
233.51
(preliminary) 11.73
Mar.31, 2008
7,277,293
771,256
10.6
357.38
14.61

(After correction)
Total assets
Total net assets
Net assets to
total assets
ratio (note1)
Net assets per
common share
BIS capital adequacy ratio
(domestic standard)
(note2)
Million Yen
Million Yen
％
Yen
％
Mar.31, 2009
6,091,269
530,452
8.7
233.51
11.72
Mar.31, 2008
7,277,293
771,256
10.6
357.38
14.61
Page 6
Capital adequacy ratio
(Before correction)
As of March 31, 2009, the Bank’s BIS consolidated regulatory capital was ¥483.9
billion. Consolidated risk-weighted assets were ¥4,170.4 billion due mainly to a
ecrease in the balance of loans.
consolidated capital adequacy ratio (domestic standard,
d
As a result, the
preliminary) decreased by 2.69% from the previous fiscal year end to 11.60%, and the Tier 1 ratio was 12.58%. Despite the fact that the Bank recorded losses of over ¥200 billion, the Bank still maintains one of the highest capital ratios in the industry, (After correction)
As of March 31, 2009, the Bank’s BIS consolidated regulatory capital was ¥483.9
billion. Consolidated risk-weighted assets were ¥4,171.6 billion due mainly to a
ecrease in the balance of loans.
As a result, the consolidated capital adequacy ratio (domestic standard)
ious fiscal year end to 11.60%, and the Tier 1 ratio
d
decreased by 2.69% from the prevwas 12.57%. Despite the fact that the Bank recorded losses of over ¥200 billion, the
ne of the highest capital ratios in the industry,
)Despite the large loss, the Bank’s consolidated capital adequacy ratio of
1.60% and its Tier 1 ratio of 12.58%
Bank still maintains o Page 11 and 12 (C) Challenges Facing the Bank (Before correction) (Omission

2
1
as of March 31, 2009, respectively, enabled the
lization Plan submitted to the Financial Services
gency on August 25, 2008
Bank to maintain its position as one of the highest among major Japanese banks. Going forward, through putting its ample capital to use and aggressive business restructuring, the Bank will return to a business model focused on domestic business finance. (Omission)
Regrettably, Aozora failed by a large margin to achieve the targets that
it set for itself in the Business RevitaA
. However, we remain fully committed to realizing
gs and further strengthening of the Bank’s management base.
sustainable earninWe also prioritize the repayment of the remaining public funds above all else and

3
)Despite the large loss, the Bank’s consolidated capital adequacy ratio of
1.60% and its Tier 1 ratio of 12.57%
will make every effort to return to profitability for an early repayment, despite the adverse economic environment. (After correction) (Omission1
as of March 31, 2009, respectively, enabled the
lization Plan submitted to the Financial Services
gency in
Bank to maintain its position as one of the highest among major Japanese banks. Going forward, through putting its ample capital to use and aggressive business restructuring, the Bank will return to a business model focused on domestic business finance. (Omission)
Regrettably, Aozora failed by a large margin to achieve the targets that
it set for itself in the Business RevitaA
October 2008. However, we remain fully committed to realizing
ustainable earnings and further strengthening of the Bank’s management base.
We also prioritize the repayment of the remaining public funds above all else and will make every effort to return to profitability for an early repayment, despite the adverse economic environment.
s

’Financial Results for the FY 2008’
Page 3
4. ROE (Non-consolidated)
(Before correction)
FY2008

FY2007

FY2008
(A)
(A)
–
(B)
(B)

1
st
Half Period
Business profit before general allowance for loan losses basis
(4.15%)
(3.43%)
(0.72%)
11.99%
Business profit basis
(14.41%)
(13.69%)
(0.72%)
11.19%
Net income basis
(52.02%)
(52.24%)
0.22%
(11.06%)
(After correction)
FY2008

FY2007

FY2008
(A)
(A)
–
(B)
(B)

1
st
Half Period
Business profit before general allowance for loan losses basis
(4.61%)
(3.89%)
(0.72%)
11.99%
Business profit basis
(14.87%)
(14.15%)
(0.72%)
11.19%
Net income basis
(52.48%)
(52.70%)
0.22%
(11.06%)
Page 4
6. Investments and Funding 【Non-consolidated】
(Total)
(Before correction)
(Total)
(Unit:JPY millions)
Average balance Yield Average balance
Yield
Average balance
Yield
Average balance Yield
Total investments
6,153,510

1.99%
(273,649) (0.06%)
6,427,159

2.05%
6,691,016

1.01%
Due from banks
63,040

1.36%
4,798
(1.81%)
58,242

3.17%
44,480

1.10%
Call loans
193,451

0.40%
23,084
(0.14%)
170,367

0.54%
183,069

0.26%
Receivables under securitiesborrowing transactions
151,048

0.53%
(150,025) (0.03%)
301,073

0.56%
268,791

0.28%
Securities
1,888,298

2.00%
(388,535) (0.30%)
2,276,833

2.30%
2,171,699

1.04%
Loans and bills discounted
3,752,850

2.07%
228,542
0.01%
3,524,308

2.06%
3,926,366

1.05%
Total funding
5,637,812

1.18%
(1,107) (0.29%)
5,638,919

1.47%
6,001,891

0.61%
Deposits
2,425,600

0.85%
137,351
0.09%
2,288,249

0.76%
2,402,263

0.41%
Negotiable certificates ofdeposit
539,155

0.73%
(252,976)
0.07%
792,131

0.66%
732,464

0.35%
Debentures
1,921,973

1.12%
144,092
0.15%
1,777,881

0.97%
2,065,973

0.54%
Call money
209,032

1.14%
(60,234) (1.13%)
269,266

2.27%
291,820

0.65%
Payables under repurchaseagreements
26,842

2.66%
3,570
(2.35%)
23,272

5.01%
26,806

1.28%
Payables under securitieslending transactions
115,028

3.41%
(53,652) (1.14%)
168,680

4.55%
153,348

1.70%
Borrowed money
309,037

0.79%
81,062
(0.02%)
227,975

0.81%
236,130

0.44%
Corporate bonds
99,966

1.65%
(1)
0.00%
99,967

1.65%
99,975

0.83%
FY 2008
FY 2007
FY2008
(A)
(A) - (B)
(B)
1st Half Period
(After correction)

4

(Total)
(Unit:JPY millions)
Average balance Yield Average balance
Yield
Average balance
Yield
Average balance Yield
Total investments
6,153,510

1.99%
(273,649) (0.06%)
6,427,159

2.05%
6,691,016

2.02%
Due from banks
63,040

1.36%
4,798
(1.81%)
58,242

3.17%
44,480

2.20%
Call loans
193,451

0.40%
23,084
(0.14%)
170,367

0.54%
183,069

0.51%
Receivables under securitiesborrowing transactions
151,048

0.53%
(150,025) (0.03%)
301,073

0.56%
268,791

0.56%
Securities
1,888,298

2.00%
(388,535) (0.30%)
2,276,833

2.30%
2,171,699

2.09%
Loans and bills discounted
3,752,850

2.07%
228,542
0.01%
3,524,308

2.06%
3,926,366

2.10%
Total funding
5,637,812

1.18%
(1,107) (0.29%)
5,638,919

1.47%
6,001,891

1.21%
Deposits
2,425,600

0.85%
137,351
0.09%
2,288,249

0.76%
2,402,263

0.83%
Negotiable certificates ofdeposit
539,155

0.73%
(252,976)
0.07%
792,131

0.66%
732,464

0.70%
Debentures
1,921,973

1.12%
144,092
0.15%
1,777,881

0.97%
2,065,973

1.09%
Call money
209,032

1.14%
(60,234) (1.13%)
269,266

2.27%
291,820

1.31%
Payables under repurchaseagreements
26,842

2.66%
3,570
(2.35%)
23,272

5.01%
26,806

2.57%
Payables under securitieslending transactions
115,028

3.41%
(53,652) (1.14%)
168,680

4.55%
153,348

3.40%
Borrowed money
309,037

0.79%
81,062
(0.02%)
227,975

0.81%
236,130

0.88%
Corporate bonds
99,966

1.65%
(1)
0.00%
99,967

1.65%
99,975

1.65%
FY 2008
FY 2007
FY2008
(A)
(A) - (B)
(B)
1st Half Period

5