Non-consolidated Financial Statements
Non-consolidated Balance Sheets
Chugin Financial Group, Inc.
March 31, 2023

Thousands ofU.S. Dollars(Note 1)Millions of Yen
2023

ASSETS:Cash and deposits......................................................................................................................................................................... ¥6,264
Income taxes refund receivable.......................................................................................................................................................

$

1,802

46,91013,495

Other............................................................................................................................................................................................

00

Tangible fixed assets .....................................................................................................................................................................

859

Intangible fixed assets ...................................................................................................................................................................

00

Investments and other assets.........................................................................................................................................................

474,0623,550,228

Total assets............................................................................................................................................................................... ¥482,138$ 3,610,709

LIABILITIES AND NET ASSETS:
Liabilities:
Accounts payable - other................................................................................................................................................................ ¥12$

89

Accrued expenses..........................................................................................................................................................................

1182Income taxes payable.....................................................................................................................................................................

19142

Accrued consumption taxes............................................................................................................................................................

60449

Accrued employees' bonuses.........................................................................................................................................................

49366

Other............................................................................................................................................................................................

17

Total liabilities............................................................................................................................................................................ ¥

155

$

1,160

Common stock.......................................................................................................................................................................... ¥

16,000$

Capital surplus...........................................................................................................................................................................

457,696

3,427,664

Retained earnings......................................................................................................................................................................

9,015

67,512Less treasury stock, at cost........................................................................................................................................................

(1,000)(7,488)

Net assets
Shareholders' equity
119,823

Subscription rights to shares..........................................................................................................................................................

272

2,036

Total net assets..............................................................................................................................................................................

481,983

3,609,548

Total liabilities and net assets......................................................................................................................................................... ¥

482,138$ 3,610,709

75

CHUGIN FINANCIAL GROUP, INC.

Non-consolidated Statements of Income
Chugin Financial Group, Inc.
For the Year Ended March 31, 2023				

Thousands ofU.S. Dollars(Note 1)Millions of Yen
2023

Income:Operating revenue:
Dividends from subsidiaries and associates.................................................................................................................................

¥ 9,000$ 67,400

Commissions from subsidiaries and associates............................................................................................................................

833

6,238

00

Other income:Interest income..........................................................................................................................................................................
Miscellaneous income................................................................................................................................................................

214

Total income..............................................................................................................................................................................

9,836

73,611

739

5,534

58434

Expenses:
Operating expenses:
Selling, general and administrative expenses...............................................................................................................................
Other expenses:
Organization expenses...............................................................................................................................................................
Other........................................................................................................................................................................................

00

Total expenses...............................................................................................................................................................................

798

5,976

Income before income taxes...........................................................................................................................................................

9,037

67,677

Income taxes:Current.....................................................................................................................................................................................

50

374

Deferred....................................................................................................................................................................................

(27)

(202)

22164

Net income................................................................................................................................................................................

¥ 9,015$ 67,512

CHUGIN FINANCIAL GROUP, INC.

76

Non-consolidated Statements of Changes in Net Assets
Chugin Financial Group, Inc.
For the Year Ended March 31, 2023

Millions of Yen
2023

Balance at beginning of year...............................................................

Commonstock

CapitalsurplusRetainedearnings

Treasurystock

Subscription
rights to shares

Total net
assets

¥—

¥—

¥—

¥—

¥—

¥—

Net income....................................................................................
Changes by share transfer..............................................................

9,015
16,0009,015

457,696473,696

Purchases of treasury stock...........................................................

(1,000)Net changes in items other than shareholders' equity......................

(1,000)272

272

Net changes during the year...............................................................

16,000457,696

9,015(1,000)272

481,983

Balance at end of year.......................................................................

¥16,000¥457,696¥9,015¥(1,000)¥272¥481,983

Thousands of U.S. Dollars (Note 1)
2023

Balance at beginning of year...............................................................

Commonstock

CapitalsurplusRetainedearnings

Treasurystock

Subscription
rights to shares

Total netassets

$—

$—

$—

$—

$—

$—

Net income....................................................................................
Changes by share transfer..............................................................

67,512
119,823

67,512

3,427,664

3,547,487

Purchases of treasury stock...........................................................

(7,488)Net changes in items other than shareholders' equity......................

(7,488)
2,036

2,036

Net changes during the year...............................................................

119,823

3,427,664

67,512(7,488)2,036

3,609,548

Balance at end of year.......................................................................

$119,823$3,427,664$67,512$(7,488)$2,036$3,609,548

77

CHUGIN FINANCIAL GROUP, INC.