Japan Finance 18-K Annual report (foreign governments)

Exhibit 4

BALANCE SHEET

Japan Bank for International Cooperation (as the international arm of JFC) (unaudited)

	March 31, 2010			March 31, 2009			March 31, 2010
	(In millions of yen)			(In millions of yen)			(In millions of U.S. dollars)
Assets:
Cash and due from banks	¥	455,113		¥	239,218		$	4,892
Cash		0			0			0
Due from bank		455,112			239,218			4,892
Securities		44,280			10,920			476
Other securities		44,280			10,920			476
Loans and bills discounted		8,771,342			7,243,068			94,275
Loans on deeds		8,771,342			7,243,068			94,275
Other assets		724,223			698,794			7,784
Prepaid expenses		225			253			2
Accrued income		30,685			44,979			330
Derivatives other than for trading-assets		693,022			633,638			7,449
Other		290			19,923			3
Property, plant and equipment		37,903			38,307			407
Buildings		3,554			3,798			38
Land		33,881			33,881			364
Lease assets		79			97			1
Construction in progress		90			123			1
Other		296			405			3
Intangible assets		2,320			2,821			25
Software		2,025			2,330			22
Lease assets		259			343			3
Other		34			147			0
Customers’ liabilities for acceptances and guarantees		1,977,071			1,650,329			21,250
Allowance for loan losses		(145,354	)		(126,500	)		(1,562	)
Total assets	¥	11,866,899		¥	9,756,961		$	127,547

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	March 31, 2010			March 31, 2009			March 31, 2010
	(In millions of yen)			(In millions of yen)			(In millions of U.S. dollars)
Liabilities:
Borrowed money	¥	5,267,246		¥	4,019,847		$	56,613
Borrowings		5,267,246			4,019,847			56,613
Bonds payable		2,598,954			2,093,214			27,934
Other liabilities		56,394			35,448			606
Accrued expenses		32,809			28,175			353
Unearned revenue		21,534			5,250			231
Derivatives other than for trading-liabilities		1,598			1,477			17
Lease obligations		356			463			4
Other		94			80			1
Provision for bonuses		511			581			5
Provision for directors’ bonuses		6			7			0
Provision for retirement benefits		11,872			11,611			128
Provision for directors’ retirement benefits		17			5			0
Acceptances and guarantees		1,977,071			1,650,329			21,250
Total liabilities	¥	9,912,072		¥	7,811,046		$	106,536
Net Assets:
Capital Stock	¥	1,055,500		¥	1,035,500		$	11,345
Retained earnings		759,218			739,430			8,160
Legal retained earnings		726,011			712,592			7,803
Other retained earnings		33,207			26,838			357
Retained earnings brought forward		33,207			26,838			357
Total shareholders’ equity		1,814,718			1,774,930			19,505
Valuation and difference on available for sale securities		(687	)		(1,064	)		(7	)
Deferred gains or losses on hedges		140,795			172,049			1,513
Valuation and translation adjustments		140,107			170,984			1,506
Total net assets	¥	1,954,826		¥	1,945,915		$	21,011
Total liabilities and net assets	¥	11,866,899		¥	9,756,961		$	127,547

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STATEMENTS OF OPERATIONS

Japan Bank for International Cooperation (as the international arm of JFC) (unaudited)

	March 31, 2010		March 31, 2009		March 31, 2010
	In millions of yen		In millions of yen		In millions of U.S. dollars
Ordinary income:	¥	191,178	¥	97,740	$	2,055
Interest income		179,396		93,554		1,928
Interest on loans and discounts		143,212		93,512		1,539
Interest on deposit with banks		547		42		6
Interest on interest swaps		35,617		—		383
Other interest income		19		0		0
Fees and Commissions		11,144		3,697		120
Other fees and commissions		11,144		3,697		120
Other ordinary income		33		259		0
Income from derivatives other than for trading or hedging		—		259		—
Other		33		—		0
Other income		604		229		7
Other		604		229		7
Ordinary expenses:		163,355		77,810		1,756
Interest expenses		122,322		66,011		1,315
Interest on borrowings and rediscounts		58,349		24,392		627
Interest on bonds		63,973		28,806		688
Interest on interest swaps		—		12,812		—
Fees and commissions payments		1,107		578		12
Other fees and commissions		1,107		578		12
Other ordinary expenses		4,679		2,852		50
Loss on foreign exchange transactions		3,416		2,738		37
Amortization of bond issuance cost		854		—		9
Expenses on derivatives other than for trading or hedging		68		—		1
Other		340		114		3
General and administrative expenses		16,392		8,145		176
Other expenses		18,854		222		203
Provision of allowance for loan losses		18,853		195		203
Losses on devaluation of stocks and other securities		—		12		—
Other		0		14		0
Ordinary income		27,823		19,929		299
Extraordinary income		5,388		6,947		58
Gain on disposal of noncurrent assets		0		0		0
Recoveries of written-off claims		5,387		2,372		58
Gain on debt assumption agreement		—		4,575		—
Other		—		0		—
Extraordinary losses		3		39		0
Loss on disposal of noncurrent assets		3		39		0
Net income	¥	33,207	¥	26,838	$	357

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STATEMENTS OF CASH FLOWS

Japan Bank for International Cooperation (as the international arm of JFC) (unaudited)

	March 31, 2010			March 31, 2009			March 31, 2010
	In millions of yen			In millions of yen			In millions of U.S. dollars
Net cash used in operating activities
Net income	¥	33,207		¥	26,838		$	357
Depreciation and amortization		1,775			888			19
Increase in allowance for loan losses		18,853			187			202
Increase (Decrease) in provision for bonuses		(70	)		23			(1	)
Increase (Decrease) in provision for directors’ bonuses		(1	)		7			(0	)
Increase in provision for retirement benefits		260			272			3
Increase in provision for directors’ retirement benefits		11			5			0
Gain on fund management		(179,396	)		(93,554	)		(1,928	)
Financing expenses		122,322			66,011			1,315
Loss (Gain) related to securities		(215	)		26			(2	)
Foreign exchange losses		5,650			7,599			61
Loss on disposal of noncurrent assets		3			38			0
Net increase in loans and bills discounted		(1,528,273	)		(432,602	)		(16,426	)
Net increase in borrowed money		1,247,399			577,763			13,407
Net increase in deposit		(210,000	)		—			(2,257	)
Increase (Decrease) in straight bonds-issuance and redemption		504,973			(119,462	)		5,427
Proceeds from fund management		193,180			101,269			2,076
Payments for finance		(116,979	)		(72,950	)		(1,257	)
Other		(73,150	)		(86,742	)		(786	)
Subtotal		19,550			(24,379	)		210
Net cash used in operating activities		19,550			(24,379	)		210
Net cash used in investing activities
Purchase of securities		(13,634	)		(1,304	)		(146	)
Proceeds from sales of securities		38			—			0
Purchase of property, plant and equipment		(164	)		(220	)		(2	)
Proceeds from sales of property, plant and equipment		1			1			0
Purchase of intangible assets		(706	)		(216	)		(7	)
Net cash used in investing activities		(14,464	)		(1,740	)		(155	)
Net cash provided by financing activities
Proceeds from issuance of common stock		20,000			30,000			214
Repayments of lease obligations		(121	)		(59	)		(1	)
Payment to national treasury		(13,419	)		—			(144	)
Net cash provided by financing activities		6,459			29,940			69
Effect of exchange rate change on cash and cash equivalents		(5,650	)		(7,598	)		(61	)
Net increase (decrease) in cash and cash equivalents		5,894			(3,778	)		63
Cash and cash equivalents at the beginning of period		239,218			242,997			2,571
Cash and cash equivalents at the end of period	¥	245,113		¥	239,218		$	2,634

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