2017 FISCAL YEAR* FINANCIAL STATEMENTS

  JPY** USD***
Total Income ¥ 165,305 $ 1,556
Total Expenses ¥ 154,178 $ 1,451
Increase in Net Asset ¥ 11,128 $105

I. Juntendo was assigned an "AA Stable " in Febraury 22, 2018, by Rating and Investment Information, Inc.

100 JPY = 0.941 USD, March 30, 2018

*
Japanese fiscal year: April 1, 2017 - March 31, 2018
**
Unit: Million JPY
***
Unit: Million USD