Exhibit 99(b)
CONSOLIDATED RATIO OF EARNINGS TO FIXED CHARGES
| Fiscal years ended March 31, | Six months ended September 30, | |||||||||||||||||||||||
| 2013 | 2014 | 2015 | 2016 | 2017 | 2017 | |||||||||||||||||||
| (In millions of yen, except for ratios) | ||||||||||||||||||||||||
Excluding interest on deposits | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Income before income tax expense | ¥ | 1,415,871 | ¥ | 1,420,443 | ¥ | 2,262,656 | ¥ | 1,162,670 | ¥ | 272,543 | ¥ | 1,014,434 | ||||||||||||
Add: Fixed charges | 353,043 | 344,548 | 375,926 | 409,479 | 436,564 | 248,457 | ||||||||||||||||||
Less: Equity in earnings of equity method investees—net | 60,210 | 110,520 | 172,946 | 176,857 | 197,821 | 88,717 | ||||||||||||||||||
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Total earnings | ¥ | 1,708,704 | ¥ | 1,654,471 | ¥ | 2,465,636 | ¥ | 1,395,292 | ¥ | 511,286 | ¥ | 1,174,174 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Interest expense, excluding interest on deposits | 344,351 | 334,317 | 362,492 | 394,029 | 422,209 | 241,129 | ||||||||||||||||||
Estimated interest component of net rental expense(1) | 8,692 | 10,231 | 13,434 | 15,450 | 14,355 | 7,328 | ||||||||||||||||||
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Total fixed charges | ¥ | 353,043 | ¥ | 344,548 | ¥ | 375,926 | ¥ | 409,479 | ¥ | 436,564 | ¥ | 248,457 | ||||||||||||
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Ratio of earnings to fixed charges | 4.8 | 4.8 | 6.6 | 3.4 | 1.2 | 4.7 | ||||||||||||||||||
| Fiscal years ended March 31, | Six months ended September 30, | |||||||||||||||||||||||
| 2013 | 2014 | 2015 | 2016 | 2017 | 2017 | |||||||||||||||||||
| (In millions of yen, except for ratios) | ||||||||||||||||||||||||
Including interest on deposits | ||||||||||||||||||||||||
Earnings: | ||||||||||||||||||||||||
Total earnings | ¥ | 1,708,704 | ¥ | 1,654,471 | ¥ | 2,465,636 | ¥ | 1,395,292 | ¥ | 511,286 | ¥ | 1,174,174 | ||||||||||||
Add: Interest on deposits | 212,067 | 226,655 | 300,692 | 350,335 | 347,430 | 240,723 | ||||||||||||||||||
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Total earnings including interest on deposits | ¥ | 1,920,771 | ¥ | 1,881,126 | ¥ | 2,766,328 | ¥ | 1,745,627 | ¥ | 858,716 | ¥ | 1,414,897 | ||||||||||||
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Fixed charges: | ||||||||||||||||||||||||
Total fixed charges | 353,043 | 344,548 | 375,926 | 409,479 | 436,564 | 248,457 | ||||||||||||||||||
Add: Interest on deposits | 212,067 | 226,655 | 300,692 | 350,335 | 347,430 | 240,723 | ||||||||||||||||||
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Total fixed charges including interest on deposits | ¥ | 565,110 | ¥ | 571,203 | ¥ | 676,618 | ¥ | 759,814 | ¥ | 783,994 | ¥ | 489,180 | ||||||||||||
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Ratio of earnings to fixed charges | 3.4 | 3.3 | 4.1 | 2.3 | 1.1 | 2.9 | ||||||||||||||||||
Note:
| (1) | The portion deemed representative of the interest factor |
The ratios of earnings to fixed charges are computed by dividing earnings by fixed charges. Earnings consist primarily of income (loss) before taxes, as adjusted for some equity method investments and for fixed charges. Fixed charges consist primarily of interest expense on deposits, debentures and short-term and long-term debt, amortization of debt expense and discount, and the portion deemed representative of the interest factor of net rental expense under long-term leases.
