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 Nine Months Ended December 31, 2023
[Japanese GAAP]
February 2, 2024
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: February 9, 2024
Scheduled date of commencing dividend payments: Trading Accounts: No
Availability of supplementary briefing material on quarterly financial results: Yes
Schedule of quarterly financial results briefing session: No(Amounts of less than one million yen are rounded down.)
1. Consolidated Financial Results for the Nine Months Ended December 31, 2023 (April 1, 2023 to December 31, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Ordinary revenues
Nine months ended
December 31, 2023
December 31, 2022
(Note) Comprehensive income:Millions of yen

Ordinary profit%

Millions of yen

136,104(0.0)
26,319136,145
25,466Nine months ended December 31, 2023: ¥Nine months ended December 31, 2022: ¥Basic earnings
per share%

Profit attributable to owners ofparent
Millions of yen

3.3
33,246 million(31,581) million

18,373
17,868[[%2.8-%]-%]

Diluted earnings pershareYen
Yen
Nine months ended
December 31, 2023
100.42100.27
December 31, 2022
96.6896.54(Note) As the Company was established on October 3, 2022, year-on-year comparison percentages for the 3rd quarter of the yaer
ended March 31, 2023 are not presented.

(2) Consolidated Financial Position
Total assets
Millions of yen
As ofDecember 31, 2023
10,322,157
March 31, 2023
9,849,196(Reference) Equity: As of December 31, 2023:
As of March 31, 2023:

Net assets
Millions of yen¥¥

553,642
527,948
553,422 million
527,675 million

Capital adequacy ratio%

5.3
5.3

2. Dividends
Annual dividends
1stquarter-end

2ndquarter-end

3rdquarter-end

Yen

Yen

Yen

Yen

Yen

Fiscal year ended March 31, 2023

---

16.00

16.00

Fiscal year ending March 31, 2024

-

15.00

15.00

30.00

Year-end

Fiscal year ending March 31, 2024
(Forecast)

Total(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 3rd quarter 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 yenOrdinary profit%

Millions of yen%

Full year
183,500
2.0
27,000(8.8)(Note) Revision to the financial results forecast announced most recently:
Yes

Profit attributable toowners of parent

Millions of yen

19,000

Basic earnings per share%

Yen

(7.2)

104.41* Notes:(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
NoNew(Company name:)
Exclusion:(Company name:)(2) Accounting policies adopted specially for the preparation of quarterly consolidated financial statements:

Yes(3) 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(4) Total number of issued shares (common shares)
1) Total number of issued shares at the end of the period (including treasury shares):December 31, 2023:
184,771,461 shares
March 31, 2023:
184,771,461 shares2) Number of treasury shares at the end of the period:
December 31, 2023:
2,809,672 shares
March 31, 2023:
1,071,607 shares
3) Average number of shares outstanding during the period:
Nine months ended December 31, 2023:
182,960,699 shares
Nine months ended December 31, 2022:
184,814,999 shares(Note) As the Company is a company established on October 3, 2022, through a solo share transfer, the average number of ordinary
shares for the 3rd quarter of the yaer ended March 31, 2023 during the period was computed by using the average number ofshares of The Chugoku Bank, Limited for the period from April 1, 2022 to October 2, 2022, and the average number of sharesof the Company for the period from October 3, 2022 to December 31, 2022.

Quarterly Consolidated Financial Statements
Quarterly Consolidated Balance Sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023

AssetsCash and due from banks

1,510,394

1,532,884

Call loans
Monetary claims bought

178,907
22,329225,263
24,278

Trading securities
Money held in trust

2,023
24,6001,687
25,8562,324,053
5,555,795

2,414,869
5,847,644

Foreign exchanges
Lease receivables and investments in leases

14,74227,01016,07029,040

Other assets
Tangible fixed assets

157,594
35,631

177,895
35,447

Intangible fixed assets
Retirement benefit asset

1,712
-

2,090
955

Deferred tax assets
Customers' liabilities for acceptances and guarantees

17,594
31,11011,801
33,517

Securities
Loans and bills discounted

Allowance for loan losses(54,302)(57,144)9,849,196

10,322,157

7,898,033

7,951,829

Negotiable certificates of deposit
Call money

155,489
179,987

230,097177,916

Securities sold under repurchase agreements
Cash collateral received for securities lent

93,913
423,430

125,936
500,511

Commercial papers
Borrowed money

46,530320,843

589,521

Foreign exchanges
Bonds payable492
10,000272
10,000Borrowed money from trust account
Other liabilities

8,496
147,012

9,906
134,596

Provision for bonuses
Provision for bonuses for directors (and other officers)

1,547
25-

Retirement benefit liability
Provision for retirement benefits for directors (andother officers)
Provision for reimbursement of deposits

3,466

3,492

4951

Total assets
Liabilities
Deposits

Provision for point card certificates
Reserves under special laws
Deferred tax liabilities
Acceptances and guarantees
Total liabilities

250

60

114
7134
7449
31,110663
33,5179,321,248

9,768,515

(Millions of yen)
As of March 31, 2023
Net assets
Share capital

As of December 31, 2023

16,00016,000Capital surplus
Retained earnings

7,302
479,276

7,292
491,971

Treasury shares(1,000)(2,812)

Total shareholders' equity

501,579

512,451

Valuation difference on available-for-sale securities

34,23440,900Deferred gains or losses on hedges
Remeasurements of defined benefit plans(3,320)(4,818)4,102(4,032)

Total accumulated other comprehensive income

26,09640,970Share acquisition rights
Total net assets
Total liabilities and net assets

272

220

527,948553,642

9,849,196

10,322,157

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022
Ordinary income
Interest income

For the nine months
ended December 31, 2023

136,14568,250

136,104
91,02643,017
22,79061,652
26,587

Trust fees
Fees and commissions

015,183

015,602

Other ordinary income
Other income

31,517
21,19322,382
7,093

110,679
17,365

109,784
43,965Interest on deposits
Fees and commissions payments

2,516
2,384

7,993
2,382

Other ordinary expenses
General and administrative expenses

43,696
41,518

13,84042,615

Other expenses

5,712

6,981

Interest on loans and discounts
Interest and dividends on securities

Ordinary expenses
Interest expenses

Ordinary profit

25,46626,319Extraordinary income

8833Gain on disposal of non-current assets
Extraordinary losses

88127

33
157

Loss on disposal of non-current assets
Impairment losses

7254

82
75

25,427

26,195

Profit before income taxes
Income taxes

7,558

7,822

Profit17,86818,373

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

17,86818,373

Quarterly Consolidated Statements of Comprehensive Income (For the nine months)(Millions of yen)
For the nine months
ended December 31, 2022
ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax

For the nine months
ended December 31, 2023

17,868(49,449)

18,373
14,873(58,813)
8,890

6,665
7,422

473

785

Comprehensive income(31,581)

33,246Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests(31,581)

33,246--