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 Three Months Ended June 30, 2023
[Japanese GAAP]
July 28, 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: August 10, 2023
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 Three Months Ended June 30, 2023 (April 1, 2023 to June 30, 2023)(1) Consolidated Operating Results(% indicates changes from the previous corresponding period.)
Ordinary revenues
Three months ended
June 30, 2023
June 30, 2022
(Note) Comprehensive income:Millions of yen

Ordinary profit%

Millions of yen

43,854Three months ended June 30, 2023:
Three months ended June 30, 2022:
Basic earnings
per share

10,275¥¥%

Profit attributable toowners of parent
Millions of yen

21,118 million- million

7,197-[[%--%]-%]

Diluted earnings pershare

Yen
Yen
Three months ended
June 30, 2023
39.17
39.11
June 30, 2022
(Note) As the Company was established on October 3, 2022, figures and year-on-year comparison percentages for the same quarter ofthe previous year are not presented.

(2) Consolidated Financial Position
Total assets
As ofJune 30, 2023
March 31, 2023
(Reference) Equity:

Net assets

Millions of yen

Millions of yen

10,152,375
9,849,196

As of June 30, 2023:
As of March 31, 2023:¥¥

546,137
527,948545,916 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

-15.0030.00

Fiscal year ending March 31, 2024
(Forecast)Year-end

Total(Note) Revision to the forecast for dividends announced most recently:
No(Note) Breakdown of the 1st 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 Cpmpany 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%

Profit attributable toowners of parent

Millions of yen

Basic earnings per share%

Yen

Six months ending
82,40011,8008,200
45.21
September 30, 2023
Full year
167,200(8.9)
21,500(27.3)
15,000(26.7)
82.70(Note) Revision to the financial results forecast announced most recently:
No(Note) As the Company was established on October 3, 2022, year-on-year comparison percentages for the first half of the year ending
March 31, 2023 are not presented.
* Notes:(1) Changes in significant subsidiaries during the three months ended June 30, 2023
(changes in specified subsidiaries resulting in changes in scope of consolidation):
New(Company name:)(Company name:Exclusion:)No(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):
June 30, 2023:
184,771,461 shares
March 31, 2023:
184,771,461 shares
2) Number of treasury shares at the end of the period:
June 30, 2023:
1,005,191 shares
March 31, 2023:
1,071,607 shares
3) Average number of shares outstanding during the period:
Three months ended June 30, 2023:
Three months ended June 30, 2022:

183,721,726 shares- shares(Note) As the Company was established on October 3, 2022, figures for the same quarter of the previous year are not presented.

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

As of June 30, 2023

AssetsCash and due from banks

1,510,394

1,504,519

Call loans
Monetary claims bought

178,907
22,329383,577
25,025

Trading securities
Money held in trust

2,023
24,6001,964
25,1132,324,053
5,555,795

2,316,268
5,639,735

Foreign exchanges
Lease receivables and investments in leases

14,74227,01012,63527,440

Other assets
Tangible fixed assets

157,594
35,631

190,156
35,462Intangible fixed assets
Retirement benefit asset

1,712
-

1,739
317

Deferred tax assets
Customers' liabilities for acceptances and guarantees

17,594
31,11011,51132,229Securities
Loans and bills discounted

Allowance for loan losses(54,302)(55,322)9,849,196

10,152,375

7,898,033

7,902,650

Negotiable certificates of deposit
Call money

155,489
179,987

263,039
153,576

Securities sold under repurchase agreements
Cash collateral received for securities lent

93,913
423,430

133,214389,296

Commercial papers
Borrowed money

46,530320,843

35,945487,890

Foreign exchanges
Bonds payable492
10,0002,414
10,000Borrowed money from trust account
Other liabilities

8,496
147,0128,621
183,066

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

1,547
25

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

3,466

3,441

4945250

184

114
7132
7449
31,110478
32,2299,321,248

9,606,238

Total assets
Liabilities
Deposits

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

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

As of June 30, 2023

16,00016,000Capital surplus
Retained earnings

7,302
479,276

7,302
483,535

Treasury shares(1,000)(938)

Total shareholders' equity

501,579

505,898

Valuation difference on available-for-sale securities

34,23445,699Deferred gains or losses on hedges
Remeasurements of defined benefit plans(3,320)(4,818)(1,126)(4,556)

Total accumulated other comprehensive income

26,09640,017

Share acquisition rights
Total net assetsTotal liabilities and net assets

272

220

527,948546,137

9,849,196

10,152,375

Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statements of Income (For the three months)(Millions of yen)
For the three months
ended June 30, 2023
Ordinary income
Interest income
Interest on loans and discounts
Interest and dividends on securities

43,85429,467
19,118
9,782

Trust fees
Fees and commissions

04,905

Other ordinary income
Other income

7,248
2,231

Ordinary expenses
Interest expenses

33,57812,987

Interest on deposits
Fees and commissions payments2,108
190

Other ordinary expenses
General and administrative expenses

4,423
14,238Other expenses

1,738

Ordinary profit

10,275Extraordinary income

14

Gain on disposal of non-current assets
Extraordinary losses

1473

Loss on disposal of non-current assets
Impairment losses

4231

Profit before income taxes

10,217

Income taxes

3,019

Profit7,197

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

7,197

Quarterly Consolidated Statements of Comprehensive Income (For the three months)(Millions of yen)
For the three months
ended June 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

7,197
13,92011,4652,193
261

Comprehensive income

21,118Comprehensive income attributable toComprehensive income attributable to owners ofparent
Comprehensive income attributable to non-controllinginterests

21,118-