Japan Post : Notice Concerning Differences between Subsidiary's Financial Results for the Fiscal Year Ended March 31, 2024 and March 31, 2023

UNOFFICIAL TRANSLATION

Although the Company pays close attention to provide English translation of the information disclosed in Japanese, the Japanese original prevails over its English translation in the case of any discrepancy.

	May 15, 2024
Company name:	Japan Post Holdings Co., Ltd.
Representative:	MASUDA Hiroya
	Director and Representative Executive Officer,
	President & CEO
	(Code number: 6178, Prime Market of the
	Tokyo Stock Exchange)
Contact:	IR Office, Corporate Planning Division
	(Phone: [phone])

Notice Concerning Differences between Subsidiary's Financial Results

for the Fiscal Year Ended March 31, 2024 and March 31, 2023

JAPAN POST HOLDINGS Co., Ltd. (the "Company") hereby announces that its subsidiary, JAPAN POST BANK Co., Ltd., has released "Notice Concerning Differences between Financial Results for the Fiscal Year Ended March 31, 2024 and March 31, 2023" today, as separately attached.

The impact of the difference on the Company's consolidated financial results forecast is minimal.

Attachment

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.

May 15, 2024

Company Name：JAPAN POST BANK Co., Ltd.

Representative：KASAMA Takayuki, Director, President and Representative Executive Officer (Securities Code: 7182, Tokyo Stock Exchange Prime Market)

Notice Concerning Differences between Financial Results for the Fiscal Year Ended March 31, 2024 and March 31, 2023

JAPAN POST BANK Co., Ltd. (the "Bank") hereby announces differences between its financial results of ordinary income for FY2024/3 and FY2023/3 as follows.

1. Differences in ordinary income between FY2024/3 and FY2023/3

				Ordinary Income
				(Millions of yen)
	FY2023/3		(A)	2,064,251
	FY2024/3		(B)	2,651,706
	Change	(B－A)	587,455
	Percentage change	(%)	28.4%
				Ordinary Income
				(Millions of yen)
	FY2023/3		(A)	2,053,137
	FY2024/3		(B)	2,650,083

Change (B－A)

Percentage change (%)

596,945

29.0%

2. Reason for the differences

Ordinary income for FY2024/3 increased by more than 10%, compare to FY2023/3, mainly due to an increase in gains on money held in trust in the Bank's non-consolidated results.

For further details, please refer to the "Summary of Consolidated Financial Results for the Fiscal Year Ended March 31, 2024" (released on May 15, 2024).

END