Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Year Ended March 31, 2022
(Based on Japanese GAAP)May 11, 2022
Company name:

The Chukyo Bank, Limited

Stock exchange listing: Tokyo, Nagoya
Stock code:
8530
URL

https://www.chukyo-bank.co.jp/

Representative:

President
Executive Officer and General Manager ,Hideo Kobayashi

Inquiries:

General Planning and Administration
Department

Hisashi Sebayashi

Scheduled date of ordinary general meeting of shareholders:
Scheduled date to file Securities Report:

June 24, 2022
June 24, 2022

Scheduled date to commence dividend payments:
Trading accounts:

June 27, 2022
No

Preparation of supplementary material on financial results:
Holding of financial results meeting:

Yes
Yes

TEL

052-249-1613(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2022 (from April 1, 2021 to March 31, 2022)(1) Consolidated operating results
Ordinary income
Year ended March 31, 2022
Year ended March 31, 2021

Ordinary profit

Millions of yen
31,52831,446%0.2
1.6

Millions of yen
6,067
3,632

Earnings per share

Diluted earnings pershare

Profit attributable toOrdinary profit/totalowners ofassets
parent/equity
Yen%%
170.303.40.2106.792.20.1

Yen
171.30107.51

Year ended March 31, 2022
Year ended March 31, 2021

%
67.0
4.0

Percentages indicate year-on-year changes
Profit attributable toowners of parent
Millions of yen%
3,728
59.7
2,333
0.7
Ordinary
profit/ordinary
income%19.2
11.5(2) Consolidated financial position
Total assets
As of March 31, 2022
As of March 31, 2021

Net assets

Equity ratio

Millions of yen
2,348,196
2,107,003

Millions of yen
108,146
110,691

Cash flows fromoperating activities
Millions of yen
231,238(71,880)

Cash flows frominvesting activities
Millions of yen
28,61991,616

Net assets per share%
4.5
5.2

Yen
4,955.94
5,083.59(3) Consolidated cash flows

Year ended March 31, 2022
Year ended March 31, 2021

Cash flows fromCash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(1,179)349,803(1,303)
91,124

2. Cash dividends
Annual dividends per share
1st quarter-end 2nd quarter-end 3rd quarter-end Fiscal year-end

Year ended March 31, 2021
Year ended March 31, 2022
Year ending March 31, 2023
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

Total

Yen

Yen

Yen

Yen

Yen

Millions of yen%%

––

20.00
20.00

––

20.00
35.0040.00
55.00

867
1,197

37.2
32.1

0.8
1.0–

141.00–––1–

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen%
Yen
Six months ending
September 30, 2022
Full year

1,700(22.4)

800

75.0

36.74

4,200(30.8)

2,800(24.9)

128.594. Notes(1) Changes in significant subsidiaries during the year ended March 31, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
Yes

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2022

21,780,058 shares As of March 31, 2021

21,745,958 shares

Number of treasury shares at the end of the period
As of March 31, 2022

5,150 shares As of March 31, 2021

30,473 shares

Average number of shares during the period
Year ended March 31, 2022

21,763,215 shares Year ended March 31, 2021

221,706,615 shares

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2021

As of March 31, 2022

AssetsCash and due from banks

92,026350,633

Securities
Loans and bills discounted

430,763
1,535,869

405,263
1,549,464

Foreign exchanges
Other assets

15,931
15,2886,589
21,757

Tangible fixed assets
Buildings, net

18,4193,682

17,802
3,409

Land
Leased assets, net

13,862465

13,060
291

5
403

397
642

1,814
1,367

1,724
1,361

337
110

228
133

Retirement benefit asset
Deferred tax assets

2,943
387

3,251
341

Customers' liabilities for acceptances and guarantees
Allowance for loan losses

2,813(9,255)2,462(11,093)

2,107,003

2,348,196

1,891,435

1,854,796

Negotiable certificates of deposit
Call money and bills sold

5,310
–

5,310
45,000Cash collateral received for securities lent
Borrowed money–
56,300

9,001
291,500

Foreign exchanges
Bonds payable

22
5,000

57
5,000

Other liabilities
Provision for bonuses

27,636622

22,374
534

149
149

–
122

Provision for contingent loss
Deferred tax liabilities

492
3,842

562
1,030

Deferred tax liabilities for land revaluation
Acceptances and guarantees

2,537
2,813

2,298
2,462

1,996,311

2,240,049

Construction in progress
Other tangible fixed assets
Intangible fixed assets
SoftwareLeased assets
Other intangible fixed assets

Total assets
Liabilities
Deposits

Retirement benefit liability
Provision for reimbursement of deposits

Total liabilities

3

(Millions of yen)
As of March 31, 2021

As of March 31, 2022

Net assets
Share capital
Capital surplus

31,84423,99431,87924,029Retained earnings
Treasury shares

35,211(78)

38,551(11)

Total shareholders' equity

90,973

94,448Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

14,393
(650)

8,110
472

Revaluation reserve for landRemeasurements of defined benefit plans

5,407
269

4,864
18

Total accumulated other comprehensive income

19,41913,466299

230

Share acquisition rights
Total net assets
Total liabilities and net assets

4110,691

108,146

2,107,003

2,348,196

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2021
Ordinary income

Fiscal year ended
March 31, 2022

31,446

31,52818,876
13,34419,085
13,459

5,427
65

5,231
375

Other interest income
Fees and commissions

395,399

195,985

Other ordinary income
Other income

3,598
3,571

1,415
5,042

0
3,570

1
5,041

27,814996

25,461
821

229
8149
8–(1)

16

Interest income
Interest on loans and discounts
Interest and dividends on securities
Interest on deposits with banks

Recoveries of written off receivables
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest on negotiable certificates of deposit
Interest on call money and bills soldInterest expenses on cash collateral received for securities
lentInterest on bonds

5656

Other interest expenses
Fees and commissions payments

701
2,022

602
1,993

Other ordinary expenses
General and administrative expenses

2,958
17,6901,404
17,025

Other expenses
Provision of allowance for loan losses

4,145
2,678

4,216
2,475

1,466

1,740

3,632

6,067

307

584

62
245

584
–

206
20

2,141
13

Impairment losses
Other185
–

1,250
876

Profit before income taxes

3,733

4,509

Income taxes - current
Income taxes - deferred

1,529
(129)

1,506
(725)

Total income taxes

1,399

781

Profit

2,333

3,728

Profit attributable to owners of parent

2,333

3,728

Other
Ordinary profit
Extraordinary income
Gain on disposal of non-current assets
Gain on liquidation of subsidiaries and associates
Extraordinary losses
Loss on disposal of non-current assets

5Consolidated statements of comprehensive income(Millions of yen)

ProfitOther comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2021

March 31, 2022
2,333
9,679

3,728
(5,410)

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

8,381
74(6,282)
1,123

Remeasurements of defined benefit plans, net of tax

1,223

(250)

12,013(1,682)

12,013(1,682)Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent

6

Consolidated statements of changes in equity
Fiscal year ended March 31, 2021
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

31,844Retained earnings

23,994

Total shareholders'equityTreasury shares

33,817(169)

89,487

Changes during period
Dividends of surplus

(867)

(867)

Profit attributable to ownersof parent

2,333

2,333Purchase of treasury shares
Disposal of treasury shares(21)

Reversal of revaluation
reserve for land

(49)

(3)

(3)

94

73
(49)

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

––

1,394

91

1,486

31,84423,99435,211(78)

90,973

Accumulated other comprehensive incomeValuationdifference on
available-forsale securities
Balance at beginning of period

6,011

Deferred
gains orlosses onhedges(725)

TotalRevaluation
reserve forland

Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

5,357

(953)

Share
acquisitionrightsTotal net
assetsincome9,690

295

99,472

Changes during period
Dividends of surplus(867)

Profit attributable to ownersof parent

2,333

Purchase of treasury shares(3)

Disposal of treasury shares

73

Reversal of revaluation
reserve for land(49)

Net changes in items otherthan shareholders' equity

8,381

74

49

1,223

9,729

3

9,733

Total changes during period

8,381

74

49

1,223

9,729

3

11,219Balance at end of period

14,393

(650)

5,407

269

19,419299

110,6917Fiscal year ended March 31, 2022
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

31,844Retained earnings

23,99435,211

Cumulative effects ofchanges in accounting
policies

Total shareholders'equityTreasury shares(78)

90,973(48)

Restated balance

31,84423,99435

35(48)

35,163(78)

90,924

Changes during period
Issuance of new shares

70

Dividends of surplus

(869)

(869)

Profit attributable to ownersof parent

3,728

3,728

Purchase of treasury shares
Disposal of treasury shares(13)

Reversal of revaluation
reserve for land

542

(2)

(2)

68

54542

Net changes in items otherthan shareholders' equity
Total changes during period
Balance at end of period

35

35

3,387

66

3,523

31,87924,02938,551(11)

94,448

Accumulated other comprehensive income
Valuationdifference on
available-forsale securities
Balance at beginning of period

14,393

Deferred
gains orlosses onhedges(650)

TotalRevaluation
reserve forland

Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

Shareacquisitionrightsincome5,407

269

19,419299

Cumulative effects ofchanges in accounting
policies
Restated balance

Total net
assets110,691(48)

14,393

(650)

5,407

269

19,419299

110,643

Changes during period
Issuance of new shares

70

Dividends of surplus(869)

Profit attributable to ownersof parent

3,728

Purchase of treasury shares(2)

Disposal of treasury shares

54

Reversal of revaluation
reserve for land542

Net changes in items otherthan shareholders' equity(6,282)

1,123

Total changes during period(6,282)

Balance at end of period

8,110

(542)

(250)

1,123

(542)

(250)

(5,952)(68)(2,497)

472

4,864

18

13,466

230

108,146

8(5,952)(68)(6,021)

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes

Fiscal year ended

Fiscal year ended

March 31, 2021

March 31, 2022
3,733

4,509

Depreciation
Impairment losses

1,412
185

1,188
1,250

Loss (gain) on liquidation of subsidiaries and associates
Other extraordinary loss (income)

(245)
––
292

Share of loss (profit) of entities accounted for using equity
method113–Increase (decrease) in allowance for loan losses
Increase (decrease) in provision for bonuses

1,216(0)

1,838
(88)

Decrease (increase) in retirement benefit asset
Increase (decrease) in retirement benefit liability(734)
52(653)(164)

Increase (decrease) in provision for reimbursement of deposits
Increase (decrease) in provision for contingent loss

(240)
(17)

(26)
70

Interest income
Interest expenses(18,876)996(19,085)
821

Loss (gain) related to securities
Foreign exchange losses (gains)(3,399)(429)(3,894)(3,971)

Loss (gain) on disposal of non-current assets
Net decrease (increase) in loans and bills discounted(37)(172,122)(598)(13,594)

Net increase (decrease) in deposits
Net increase (decrease) in borrowed money (excluding

121,645(36,639)

19,300235,200

246

71

subordinated borrowings)
Net decrease (increase) in due from banks (excluding duefrom Bank of Japan)
Net increase (decrease) in call money–

45,000Net increase (decrease) in cash collateral received forsecurities lent

(30,411)9,001

Net decrease (increase) in foreign exchanges - assets
Net increase (decrease) in foreign exchanges - liabilities(5,341)
(77)

9,341
34

Decrease (increase) in other assets
Increase (decrease) in other liabilities

1,104(1,230)(2,153)(7,934)

Interest received
Interest paid

13,357(1,000)13,808(797)

Subtotal(70,801)

232,829

Income taxes paid
Income taxes refund(1,415)335(1,652)61

Net cash provided by (used in) operating activities(71,880)

231,2389

(Millions of yen)

Cash flows from investing activities
Purchase of securities

Fiscal year ended

Fiscal year ended

March 31, 2021March 31, 2022

(78,290)(65,350)

Proceeds from sale of securities
Proceeds from redemption of securities

81,854
82,34255,43034,854

Proceeds from liquidation of associates
Proceeds from fund management as investing activities

1,746
5,159

–
4,748

Purchase of tangible fixed assets
Proceeds from sale of property, plant and equipment

(550)
155

(1,345)966

Purchase of intangible assets
Net cash provided by (used in) investing activities

(801)

(684)

91,616

28,619

(56)
(867)

(56)
(869)

(3)
73

(2)
54

Cash flows from financing activities
Payments as financing activities
Dividends paid
Purchase of treasury shares
Proceeds from sale of treasury shares
Repayments of lease liabilities
Net cash provided by (used in) financing activities
Effect of exchange rate change on cash and cash equivalents

(448)

(305)

(1,303)(1,179)00

Net increase (decrease) in cash and cash equivalents

18,432

258,679

Cash and cash equivalents at beginning of period

72,691

91,124

Cash and cash equivalents at end of period

91,124

349,80310