Management Greeting

Thank you for your continuing support of Aozora Bank.

The banking sector has experienced increasingly severe business conditions since last summer including growing uncertainty in global markets and the introduction of negative interest rates in Japan. In the face of these conditions, we were pleased to have exceeded our full-year earnings forecast for fiscal year 2015. This positive result reflected our ongoing focus on disciplined balance sheet management and diversification of income sources.

In addition, we announced a full year dividend of 18.60 yen per common share for fiscal year 2015, exceeding the forecast by 0.20 yen.

In May of this year, we were pleased to announce the successful conversion of the Bank’s Kanjo-kei core banking system. We believe this complex, multi-year project will further enhance our operational efficiency and expand the number of products we can offer to our customers.

Going forward, we remain committed to leveraging our expertise and the provision of differentiated services in order to further enhance Aozora’s corporate value, while properly responding to changes in the environment. We also reaffirm our commitment to quality communications with our stakeholders. In addition, we expect to provide full support for our customers as well as contribute to the economic and social development of Japan.

On behalf of the management team of Aozora Bank, I would like to thank all of our stakeholders for their continued support.

June 2016
Shinsuke Baba
Representative Director, President
and Chief Executive Officer