Note: This document is a translation of a part of the original Japanese version and provided for reference purposes only. In the event of any discrepancy
between the Japanese original and this English translation, the Japanese original shall prevail.

Consolidated Financial Results
for the Six Months Ended September 30, 2023
[Japanese GAAP]
November 10, 2023
Company name: Chugin Financial Group,Inc.
Stock exchange listing: Tokyo
Code number: 5832
URL: https://www.chugin-fg.co.jp/
Representative: Sadanori Katoh
Director and President
Contact: Naoki Kenmochi
General Manager, Corporate Planning Department
Phone: +81-86-223-3110
Scheduled date of filing quarterly securities report: November 24, 2023
Scheduled date of commencing dividend payments: December 6, 2023
Trading Accounts: No
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: Yes(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Six Months Ended September 30, 2023 (April 1, 2023 to September 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Ordinary revenues
Six months ended
September 30, 2023
September 30, 2022
(Note) Comprehensive income:Millions of yen

Ordinary profit%

Millions of yen

88,35515,036Six months ended September 30, 2023:¥
Six months ended September 30, 2022:¥Basic earnings
per share%

Profit attributable to owners ofparent
Millions of yen

14,344 million- million

10,436[[%--%]-%]

Diluted earnings pershare

Yen
Yen
Six months ended
September 30, 2023
56.89
56.81
September 30, 2022
(Note) As the Company was established on October 3, 2022, figures and year-on-year comparison percentages for the first half ended
September, 2022 are not presented.

(2) Consolidated Financial Position
Total assets
Millions of yen
As ofSeptember 30, 2023
10,311,848
March 31, 2023
9,849,196(Reference) Equity: As of September 30, 2023:
As of March 31, 2023:

Net assets
Millions of yen

Capital adequacy ratio

538,224
527,948¥
538,003 million¥
527,675 million

%

5.2
5.3

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

YenYenYenYenYen

Fiscal year ended March 31, 2023

-

--

16.00

16.00

Fiscal year ending March 31, 2024

-

15.00
-

15.00

30.00

Fiscal year ending March 31, 2024
(Forecast)Year-endTotal(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 2nd quarter (interim) dividend for the fiscal year ending March 31, 2024 :Commemorative dividend- yenSpecial dividend- yen(Note) 1. As the Company was established on October 3, 2022, figures up to the 2nd quarter-end of the yaer ended March 31, 2023 are
not presented.
2. In the year ended March 31, 2023, The Chugoku Bank,Limited, which became a wholly-owned subsidiary of the Company asa result of a sole share transfer, paid an interim dividend of ¥14 per share.Combined with the year-end dividend paid by theCompany, cash dividends for the year came to ¥30 per share.
3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2024(April 1, 2023 to March 31, 2024)(% indicates changes from the previous corresponding period.)
Ordinary revenues
Millions of yen

Ordinary profit%Millions of yen%

Full year
167,200(8.9)
21,500(27.3)(Note) Revision to the financial results forecast announced most recently:
NoProfit attributable toowners of parent

Millions of yen

15,000

Basic earnings per share%(26.7)

Yen

82.64* Notes:(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
NoNew(Company name:)(Company name:Exclusion:)(2) Changes in accounting policies, changes in accounting estimates and retrospective restatement
1) Changes in accounting policies due to the revision of accounting standards: No
2) Changes in accounting policies other than 1) above: Yes
3) Changes in accounting estimates: No4) Retrospective restatement: No(3) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):
September 30, 2023:
184,771,461 shares
March 31, 2023:
184,771,461 shares
2) Number of treasury shares at the end of the period:
September 30, 2023:
2,163,491 shares
March 31, 2023:
1,071,607 shares
3) Average number of shares outstanding during the period:
Six months ended September 30, 2023:
Six months ended September 30, 2022:

183,428,213 shares- shares(Note) As the Company was established on October 3, 2022, figures for the first half ended September 30, 2022 are not presented.

Interim Consolidated Financial Statements
Interim Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023
AssetsCash and due from banks
Call loans
Monetary claims bought
Trading securities
Money held in trustSecurities
Loans and bills discounted
Foreign exchanges
Lease receivables and investments in leases
Other assets
Tangible fixed assets
Intangible fixed assets
Retirement benefit asset
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits
Negotiable certificates of deposit
Call money
Securities sold under repurchase agreements
Cash collateral received for securities lentCommercial papers
Borrowed money
Foreign exchanges
Bonds payable
Borrowed money from trust account
Other liabilities
Provision for bonuses
Provision for bonuses for directors (and other officers)
Retirement benefit liability
Provision for retirement benefits for directors (andother officers)
Provision for reimbursement of deposits
Provision for point card certificates
Reserves under special laws
Deferred tax liabilities
Acceptances and guarantees
Total liabilities

As of September 30, 2023

1,510,394
178,907
22,3292,023
24,6002,324,053
5,555,795
14,74227,010157,594
35,631
1,712
17,594
31,110(54,302)

1,591,566
226,206
23,905
1,702
25,8952,371,587
5,787,030
11,25329,095
211,662
35,412
1,889
636
17,292
33,794(57,083)9,849,196

10,311,848

7,898,033
155,489
179,987
93,913
423,430
46,530320,843492
10,0008,496
147,012
1,547
25
3,466

7,955,371
225,572
169,751
120,737
493,266
7,459
566,453280
10,000
8,793
176,312
1,522
3,524

49

48

250
114
7
449
31,110

112
138
7
477
33,7949,321,248

9,773,624

(Millions of yen)
As of March 31, 2023
Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares

As of September 30, 2023

16,0007,302
479,276(1,000)16,0007,292
486,774(2,068)

Total shareholders' equity

501,579

507,998

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans

34,234(3,320)(4,818)18,752
15,547(4,294)

Total accumulated other comprehensive income

26,09630,004

Share acquisition rights
Total net assets
Total liabilities and net assets

272

220

527,948538,224

9,849,196

10,311,848

Interim Consolidated Statements of Income and Comprehensive Income
Interim Consolidated Statements of Income (For the six months)(Millions of yen)
For the six months
ended September 30, 2023
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities
Trust fees
Fees and commissions
Other ordinary income
Other income
Ordinary expenses
Interest expenses
Interest on deposits
Fees and commissions payments
Other ordinary expenses
General and administrative expenses
Other expenses

88,35559,161
39,957
17,6540
10,38014,411
4,401
73,31828,114
4,857
1,280
9,697
28,442
5,783

Ordinary profit

15,036Extraordinary income
Gain on disposal of non-current assets
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses

3333
128
6859

Profit before income taxes

14,941

Income taxes - current
Income taxes - deferred

5,866(1,361)

Total income taxes

4,505

Profit10,436

Profit attributable to non-controlling interests
Profit attributable to owners of parent

10,436

Interim Consolidated Statements of Comprehensive Income (For the six months)(Millions of yen)
For the six months
ended September 30, 2023
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax

10,436
3,908(15,482)
18,867523

Comprehensive income

14,344Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

14,344-Interim Consolidated Statements of Changes in Net Assets
For the six months ended September 30, 2023
(Millions of yen)
Shareholders' equity

Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes during
periodDividends ofsurplus
Profit attributable toowners of parent
Purchase oftreasury shares
Disposal of treasury
sharesNet changes initems other thanshareholders' equity
Total changes
during period
Balance at end ofperiod

Share capital

Capital surplus

16,0007,302

Retainedearnings

Treasury shares

Total
shareholders'equity(1,000)501,526

479,22353

16,0007,302

479,27653(1,000)501,579(2,939)(2,939)10,436

10,436(10)(1,255)(1,255)

187

177

-

(10)

7,497

(1,067)

6,419

16,0007,292

486,774(2,068)507,998

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginningof period
Cumulative effects ofchanges in accounting
policies
Restated balance
Changes duringperiod
Dividends ofsurplus
Profit attributable toowners of parent
Purchase oftreasury shares
Disposal of treasury
sharesNet changes in
items other thanshareholders' equity
Total changes
during period
Balance at end ofperiod

34,234

Total
Deferred gains Remeasurements accumulated Share acquisition Total net assets
rightsof definedor losses onotherbenefit plans comprehensive
hedgesincome(3,320)(4,818)26,096272

527,89453

34,234(3,320)(4,818)26,096272

527,948(2,939)10,436(1,255)
177(15,482)

18,867

523

3,908

(51)

3,856

(15,482)

18,867

523

3,908

(51)

10,27618,752

15,547(4,294)30,004220

538,224