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Financial Results for the Interim of Fiscal 2007 (Non-Consolidated Date) November 2, 2007 Company Name: Seven Bank, Ltd

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Financial Results for the Interim of Fiscal 2007 (Non-Consolidated Date) November 2, 2007 Company Name: Seven Bank, Ltd Financial Results for the Interim of Fiscal 2007 (Non-consolidated Date) November 2, 2007 Company Name: Seven Bank, Ltd. URL http://www.sevenbank.co.jp/ President: Takashi Anzai, President For inquiries: Director, Executive Officer and General Manager of Planning Division Kensuke Futagoishi Telephone:+81- 3-3211-3041 Scheduled interim securities report issuing date: December 20, 2007 Trading accounts: Not established (Amounts of less than one million yen and decimal places are rounded down) 1. Financial Highlights for the Interim of Fiscal 2007 (April 1, 2007 - September 30, 2007) (1) Operating Results (% represents the change from the previous fiscal year) Ordinary income Ordinary profit Net income Million Yen % Million Yen % Million Yen % September 30, 2007 41,139 10.4 11,755 (9.0) 6,226 (17.2) September 30, 2006 37,234 20.2 12,919 32.0 7,524 24.4 March 31, 2007 75,427 - 25,021 - 12,667 - Net income per common share Diluted Net Income per Share Yen Yen September 30, 2007 5,337 . 94 - September 30, 2006 6,305 . 06 - March 31, 2007 10,736 . 56 - (Reference) Income from investment: September 30, 2007 none, September 30, 2006 none, March 31, 2007 none (2) Financial Conditions Non-Consolidated Net Assets to Total Net Assets per Capital Ratio (Japanese Total Assets Net Assets Assets Ratio Share Standards) (Note 1) Million Yen Million Yen % Yen % September 30, 2007 565,065 74,285 13.1 63,674 . 56 (preliminary) 36.52 September 30, 2006 440,703 68,670 15.5 58,894 . 16 161.88 March 31, 2007 532,757 73,849 13.8 63,317 . 15 37.94 (Reference) Shareholders` equity: September 30, 2007: 74,285 million yen, September 30, 2006: 68,670 million yen, March 31, 2007: 73,849 million yen (Note 1) From the beginning of the fiscal year ended March 31, 2007, “Non-consolidated capital ratio (Japanese Standards)” is computed based on the standards for capital adequacy ratio (the Notification of the Financial Services Agency No. 19, 2006), in light of bank’s holding assets under Paragraph 2 of Article 14 of the Banking Law. (3) Cash Flows Cash flows from Cash flows from Cash flows from Cash and cash operating activities investment activities financing activities equivalents at periodend Million Yen Million Yen Million Yen Million Yen September 30, 2007 14,768 (5,777) (5,792) 257,955 September 30, 2006 35,006 (23,445) (5,940) 258,739 March 31, 2007 39,750 (32,215) (5,895) 254,757 2. Dividends on Common Stock Dividends per share (Fiscal year ended) Interim Year-end Annual Yen Yen Yen March 31, 2007 - 5,000 .00 5,000 . 00 March 31, 2008 - 4,100 . 00 March 31, 2008 (estimate) 4,100 . 00 1 3. Earnings Forecasts for Fiscal 2007 (April 1, 2007 - March 31, 2008) (% represents the change from the previous fiscal year) Ordinary income Ordinary profit Net income Net income per common share Million Yen % Million Yen % Million Yen % Yen Full Year 83,400 10.5 23,300 (6.8) 13,100 3.4 11,232.50 4. Others (1) Changes in Accounting Methods and Presentations (Material Changes for the Preparation of the Interim Financial Statement) 1. Changes due to revisions of accounting standards, and so forth: Yes 2. Changes due to other reasons except above: None (Note) For details, please refer to “Notes 4 and 22 in the Interim Balance Sheet” on pages 11~13. (2) Number of Shares Outstanding (Common Shares) (A) Total outstanding at the end of the period (including Treasury shares) September 30, 2007:1,220,000 shares, September 30, 2006: 1,220,000 shares, March 31, 2007: 1,220,000 shares (B) Treasury shares at the end of the period September 30, 2007: 53,350 shares, September 30, 2006: 54,000 shares, March 31, 2007: 53,650 shares (Note) For the number of shares used in computing net income per common share, please refer to "Per Share Information" on page 23. *Notes for the use of earnings results forecasts, and so forth This Summary contains forward-looking statements regarding earnings results forecasts, and so forth. They were made based upon, among other things, the Company's currently available information. Therefore statements and assumptions arising may result in material differences from the actual results due to varying future factors. 2 1. Results of Operations (1) Analysis of the Results of Operations 1. Overview of this period The Japanese economy maintained solid growth. While public investment continued to falter, exports grew and overall business confidence remained at a high level. Under these conditions, consumer spending showed some signs of weakness due to the slowdown in the stock markets triggered by the US subprime loan problems, and so forth, negative sentiments reflecting a rise in the tax burden in the wake of the abolition of temporary tax cuts and the transfer of tax revenue, although capital investments continued to be strong. Meanwhile, with the coming privatization of Japan Post, the banking industry continued to strive to improve their services by, for example, strengthening alliances with others in an effort to expand free mutual-use ATMs (automated teller machine), abolishing charges for the use of ATMs in convenience stores and so forth. Also, there was a resurgence in ATM installations within convenience stores. Amidst the above business situation, ordinary income for the six months ended September 30, 2007 came to 41,139 million yen (up 10.4% on the previous period), ordinary profit 11,755 million yen (down 9.0%) and net income 6,226 million yen (down 17.2%). Overall business conditions by segment are as follows. ①. Overview of the ATM Business (Business alliances and regional developments) During this period, we agreed on business alliances with Banco do Brasil (in April, 2007), Kiyo Bank, Akita Bank and Howa Bank (all in July), Fukuho Bank (in August), Woori Bank, SBI Sumishin Net Bank, Ltd. and Oita Bank (all in September) as well as other financial institutions, resulting in a total of 554 business alliance firms as of September 30, 2007. Thanks to the expansion of business alliances, we opened up some new markets including Wakayama and Akita (both in July) and Oita (in September), and completed ATM installations at substantially all Seven-Eleven and Ito-Yokado stores in Japan. As of September 30, 2007, we had ATMs in a total of 36 prefectures including Tokyo, Shizuoka, Saitama, Osaka, Hyogo, Kanagawa, Chiba, Tochigi, Aichi, Kyoto, Nagano, Shiga, Fukuoka, Ibaragi, Hiroshima, Fukushima, Niigata, Kumamoto, Yamagata, Hokkaido, Yamaguchi, Gunma, Nagasaki, Okayama, Miyazaki, Yamanashi, Gifu, Saga, Mie, Miyagi, Nara, Iwate, Aomori, Wakayama, Akita and Oita (in order of installation date). In addition, we installed a total of 173 ATMs (as of September 30, 2007) at sales branches of Nomura Securities, with which we signed the Total ATM Operation and Management Service Agreement commenced from June. Also, following the extension of our service to foreign-issued cashcards from July, we installed ATMs at Narita Airport (4 machines) and Haneda Airport (2 machines). As a result of the development of new business areas and an increase in the density of ATM installations in our existing business areas, the total number of ATMs rose by 460 from the year ended March 31 2007 to 12,548 as of September 30 2007. * Of these, we counted JA Bank and JF Marine Bank separately as they fall into different business categories. (ATM availability) In addition to our conventional cashcard services, such as withdrawals, deposits, transfers, balance inquiries, withdrawals and balance inquiries, etc. using other tie-up financial institutions’ cashcards, and so forth, we introduced a service in July that allows users with foreign-issued cashcards to withdraw Japanese yen using any of our ATMs. We stressed the promotion of this service in collaboration with the Government’s “Visit Japan Campaign” (it is running the Yokoso! 3 Japan Campaign as part of its “Strategy for Increasing the Number of Overseas Visitors to Japan”), and the number of users of this service has since been showing solid growth. In the meantime, the number of financial institutions that have ATMs that accept IC cards increased to a total of 43 banks (including Seven Bank) in 5 different business types by the end of this period. The total number of ATM transactions during this period was 244 million (up 40 million from the same period last year), while the average number of transactions per day per machine rose to 109.3 (up 12.7). ②. Overview of the Financial Services Business As of September 30, 2007, the total number of accounts was 539,000 and the deposit balance (excluding negotiable certificates of deposit) was 211,745 million yen. Of these, individual customers, our main target, held a total of 519,000 accounts (a rise of 53,000 from the same period last year), and deposit balance (combined balance in savings and time-deposit accounts for individual customers) was 81,627 million yen (up 9,455 million yen), exhibiting sound growth in both the number of accounts and deposit balance. At the end of the period, we had a total of five “Minna-no-Ginko-Madoguchi (Everyone’s Bank Teller Window)”, which is a manned branch within Ito-Yokado stores, located in Soga, Yachiyo, Kawaguchi, Kasai and Kameari. 2. Full Year Outlook We are committed to strengthening our operating foundations further in the ATM and Financial Services businesses. In the ATM business, we will add one more ATM to each popular Seven-Eleven store in order to reduce customer queuing times (as of the end of September 2007, 213 stores were equipped with two ATMs). We also plan to install ATMs in facilities other than airports, public transportation facilities, hotels and Seven & i-related stores.
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