HIROGIN SECURITIES

Advantages

• ✓Hirogin Holdings, Inc. will be the parent company of Hiroshima Bank, Ltd. after a sole share transfer scheduled on October 1, 2020.
• ✓The Hiroshima Bank, Ltd. is 100% owned subsidiary of Hirogin Holdings, Inc. with a stated capital of 54,573 million yen.
• ✓Hirogin Holdings is listed on the First Section of Tokyo Stock Exchange by technical listing effective October 1, 2020.
• ✓The Company and its subsidiary have a strong capitalization with stated capital of 60 billion yen and consolidated net assets of 482,057 million yen as of March 31, 2020.
• ✓Hirogin Holdings has a board of directors with nine directors including three independent outside directors to ensure corporate governance and transparency.
• ✓The capital adequacy ratio for Hiroshima Bank remained stable at 5.1% as of FY 2019, above domestic minimum standards.
• ✓The share acquisition rights issued by Hiroshima Bank will be converted to stock acquisition rights of Hirogin Holdings on October 1, 2020, maintaining shareholder equity rights.
• ✓Hirogin Holdings employs a group governance system with various committees for risk management, compliance, and corporate governance.
• ✓The consolidated operating income of Hiroshima Bank was approximately 127,149 million yen in FY 2019.
• ✓Hirogin Holdings has a group management meeting responsible for overseeing important management decisions.