The Chiba Bank, Ltd.

Financial Data
2024

01

Five-Year Summary (Consolidated)

02

Consolidated Balance Sheet

03

Consolidated Statement of Income

03

Consolidated Statement of Comprehensive Income

04

Consolidated Statement of Changes in Net Assets

05

Consolidated Statement of Cash Flows06

Notes to Consolidated Financial Statements

28

Independent Auditor’s Report

34

Non-Consolidated Balance Sheet (Unaudited)35

Non-Consolidated Statement of Income (Unaudited)36

Supplementary Information (Unaudited)Five-Year Summary (Consolidated)
The Chiba Bank, Ltd. and Consolidated Subsidiaries
Years ended March 31

Thousands of
U.S. Dollars (Note1)

Millions of Yen (Note1)

2024

2023

2022

2021

2020

2024

¥311,701¥278,467¥236,185¥232,943¥242,984$2,058,656

Total Expenses

221,032

191,797

157,807

161,481

174,208

1,459,830

Profit before Income Taxes

90,66886,67078,37871,462

68,775598,826

Profit62,44060,27654,49849,641

48,037412,392

—

—

—

—

—

—

62,44060,27654,49849,641

48,037412,392

Total Assets¥21,323,895¥19,787,882¥19,104,764¥17,898,168¥15,609,936$140,835,451

Loans and Bills Discounted

12,721,829

12,107,066

11,646,721

11,166,329

10,565,697

84,022,389

Securities

2,906,067

2,576,106

2,482,224

2,401,246

2,118,588

19,193,363

Deposits

16,307,293

15,903,940

15,324,161

14,543,283

13,216,977

107,702,883

Net Assets

1,181,503

1,061,115

1,059,091

1,041,756

929,334

7,803,338

16.24%

11.63%

12.11%

12.79%

12.12%

16.24%PER (Times)

14.57

10.36

9.86

10.85

7.39

14.57

PBR (Times)

0.76

0.58

0.50

0.51

0.37

0.76

For the Year
Total Income

Profit Attributable toNon-controlling Interests
Profit Attributable to
Owners of Parent
At Year-End

Capital Ratio (BIS guidelines)

Yen

U.S. Dollars

Per Share
ProfitNet Assets
See notes to consolidated financial statements.

1

The Chiba Bank Ltd. Integrated Report 2024

¥86.53
1,651.46¥

82.52
1,464.45¥

73.47
1,436.74¥

66.82
1,401.40

¥

63.99

$0.571,250.41

10.91

Consolidated Balance Sheet
The Chiba Bank, Ltd. and Consolidated Subsidiaries
As of March 31, 2024

Millions of Yen (Note 1)

Thousands of
U.S. Dollars (Note 1)

2024

2023

2024

AssetsCash and Due from Banks (Note 27)
Call Loans and Bills Bought
Receivables under Resale Agreements
Receivables under Securities Borrowing Transactions
Monetary Claims Bought
Trading Assets (Notes 6 and 32)
Money Held in Trust (Note 34)
Securities (Notes 5, 7, 8, 12, 32 and 33)
Loans and Bills Discounted (Notes 8, 12 and 32)
Foreign Exchanges (Notes 8 and 9)
Other Assets (Notes 8, 10 and 12)
Tangible Fixed Assets (Notes 11 and 20)
Intangible Fixed Assets
Net Defined Benefit Asset (Note 19)
Deferred Tax Assets (Note 30)
Customers' Liabilities for Acceptances and Guarantees (Note 8)
Allowance for Loan Losses
Total Assets¥ 4,689,382
391,822—
1,950
23,121
27,426
10,9032,906,067
12,721,829
6,084
378,746
123,612
14,63328,707
3,128
27,565(31,087)¥21,323,895¥ 4,065,850
335,089
17,9995,446
22,612
162,4449,279
2,576,106
12,107,066
5,375
320,687
124,473
14,222
18,5783,088
31,822(32,260)¥19,787,882$ 30,971,418
2,587,824—
12,885
152,708
181,138
72,01619,193,363
84,022,389
40,1892,501,461
816,409
96,648
189,601
20,660
182,060(205,319)$140,835,451

Liabilities
Deposits (Notes 12, 13 and 32)
Call Money and Bills Sold
Payables under Repurchase Agreements (Note 12)
Payables under Securities Lending Transactions (Note 12)
Trading Liabilities (Notes 14 and 32)
Borrowed Money (Notes 12 and 15)
Foreign Exchanges (Note 16)
Bonds Payable (Note 17)
Borrowed Money from Trust Account
Other Liabilities (Note 18)
Net Defined Benefit Liability (Note 19)
Provisions for Directors' Retirement Benefits
Provisions for Reimbursement of Deposits
Provisions for Point Loyalty Programs
Reserves under Special Laws
Deferred Tax Liabilities (Note 30)
Deferred Tax Liabilities for Land Revaluation (Note 20)
Acceptances and Guarantees
Total Liabilities¥16,307,293
1,499,383
44,481
203,429
21,4501,523,260
1,171
120,792
15,564305,193
688
192
637
790
24
60,07010,401
27,565¥20,142,392¥15,903,940
810,859
17,160337,074
18,6181,206,808
724
110,038
13,439237,725
4,476
160
910
838
24
21,742
10,402
31,822¥18,726,767$107,702,883
9,902,800
293,779
1,343,568
141,671
10,060,500
7,738
797,783
102,798
2,015,678
4,550
1,273
4,210
5,222
161
396,739
68,700
182,060$133,032,113

¥

¥

$

Net Assets
Capital Stock (Note 21)
Capital Surplus
Retained Earnings
Treasury Shares
Total Shareholders’ Equity
Valuation Difference on Available-for-sale Securities (Note 35)
Deferred Gains or Losses on Hedges
Revaluation Reserve for Land (Note 20)
Remeasurements of Defined Benefit Plans
Total Accumulated Other Comprehensive Income
Total Net Assets
Total Liabilities and Net Assets

145,069
122,185
796,209(72,800)
990,662
159,893
16,2799,929
4,738
190,840¥ 1,181,503¥21,323,895

145,069
122,146755,517(62,943)959,789
83,907
10,4089,921(2,911)
101,326¥ 1,061,115¥19,787,882

958,121806,9815,258,630(480,817)
6,542,915
1,056,028
107,52165,58031,295
1,260,423$ 7,803,338$140,835,451

See notes to consolidated financial statements.

The Chiba Bank Ltd. Integrated Report 20242

Consolidated Statement of Income
The Chiba Bank, Ltd. and Consolidated Subsidiaries
For the year ended March 31, 2024

Millions of Yen (Note 1)

IncomeInterest Income:Interest on Loans and Discounts
Interest and Dividends on Securities
Other Interest Income
Trust Fees
Fees and Commissions
Trading Income (Note 22)
Other Ordinary Income (Note 23)
Other Income (Note 24)
Total Income
Expenses
Interest Expenses:
Interest on Deposits
Interest on Borrowings and Rediscounts
Other Interest Expenses
Fees and Commissions Payments
Other Ordinary Expenses (Note 25)
General and Administrative Expenses
Other Expenses (Note 26)
Total Expenses
Profit before Income Taxes
Income Taxes—Current
Income Taxes—Deferred
ProfitProfit Attributable to Owners of Parent

Thousands of
U.S. Dollars (Note 1)

2024

2023

2024

¥140,388
49,166
9,027
93
63,1271,438
7,239
41,219¥311,701¥119,514
44,0356,025
12260,106
1,995
7,615
39,052¥278,467$  927,210
324,723
59,626619
416,931
9,497
47,811
272,237$2,058,656¥ 29,148
3,428
33,36022,262
6,870
92,22533,736¥221,032
90,66828,847(619)¥ 62,440¥ 62,440¥ 12,942
1,222
18,891
19,74422,44888,982
27,565¥191,797
86,67021,611
4,781¥ 60,276¥ 60,276$  192,516
22,641
220,331
147,035
45,380609,111
222,817$1,459,830
598,826
190,525(4,091)$  412,392$  412,392

See notes to consolidated financial statements.

Consolidated Statement of Comprehensive Income
The Chiba Bank, Ltd. and Consolidated Subsidiaries
For the year ended March 31, 2024
Millions of Yen (Note 1)

ProfitOther Comprehensive Income (Note 28)
Valuation Difference on Available-for-sale Securities
Deferred Gains or Losses on Hedges
Remeasurements of Defined Benefit Plans
Share of Other Comprehensive Income of Equity-method Affiliates
Total Other Comprehensive Income
Comprehensive Income(Breakdown)Comprehensive Income Attributable to Owners of Parent
See notes to consolidated financial statements.

3

The Chiba Bank Ltd. Integrated Report 2024

Thousands of
U.S. Dollars (Note 1)2024¥ 62,4402023¥ 60,276$

75,886
5,870
7,649
99
89,506¥ 151,946(30,648)
5,209(4,070)164(29,344)¥ 30,932

501,197
38,77550,522
657
591,152$ 1,003,544¥ 151,946¥ 30,932$ 1,003,544

2024
412,392

Consolidated Statement of Changes in Net Assets
The Chiba Bank, Ltd. and Consolidated Subsidiaries
For the year ended March 31, 2024

Millions of Yen (Note 1)
Accumulated Other Comprehensive Income

Shareholders’ Equity

Balance at March 31, 2022
Cash Dividends

Total
RemeasureAccumulated
ments of
Other
Defined Benefit Comprehensive
Plans
IncomeCapitalStock

CapitalSurplusRetained
Earnings

Treasury
Shares

Total
Shareholders’EquityValuation
Difference on Deferred Gains
Available-for- or Losses onsale Securities
Hedges¥145,069¥122,134¥714,455¥(53,108)¥928,550¥114,391¥  5,198¥9,791¥ 1,159——(19,084)—(19,084)

—

—

—

—

Revaluation
Reserve forLand

Total Net
Assets¥130,541 ¥1,059,091—(19,084)

Profit Attributable to Owners of
Parent——60,276—60,276

—

—

—

—

—

60,276

Purchase of Treasury Shares

—

—

—

(10,005)(10,005)

—

—

—

—

—

(10,005)

Disposal of Treasury Shares

—

12

—

170

182

—

—

—

—

—

182

Reversal of Revaluation Reserve for
Land

(130)

—

(130)

—

—

—

—

—

(130)

—

—

Net Changes of Items Other thanShareholders’ Equity

—

—

—

—

—

(30,483)

5,209

130

(4,070)(29,214)(29,214)

Total of Items during FY2022—

12

41,062(9,835)31,239(30,483)

5,209

130

(4,070)(29,214)2,024¥145,069¥122,146¥755,517¥(62,943)¥959,789¥  83,907¥10,408¥9,921¥(2,911)——(21,740)—(21,740)

—

—

—

—

Balance at March 31, 2023
Cash Dividends¥101,326 ¥1,061,115—(21,740)

Profit Attributable to Owners of
Parent——62,440—62,440

—

—

—

—

—

62,440Purchase of Treasury Shares

—

—

—

(10,015)(10,015)

—

—

—

—

—

(10,015)

Disposal of Treasury Shares

—

38

—

158

197

—

—

—

—

—

197

Reversal of Revaluation Reserve for
Land

(7)

—

(7)

—

—

—

—

—

(7)

—

—

Net Changes of Items Other thanShareholders’ Equity

—

—

—

—

—

75,985

5,870

7

7,649

89,51489,514

Total of Items during FY2023—

38

40,691(9,856)30,87375,985

5,870

7

7,649

89,514

120,387¥145,069¥122,185¥796,209¥(72,800)¥990,662¥159,893¥16,279¥9,929¥ 4,738

Balance at March 31, 2024

Thousands of U.S. Dollars (Note 1)
Accumulated Other Comprehensive Income

Shareholders’ Equity

CapitalStock

Balance at March 31, 2023
Cash Dividends$958,121—

CapitalSurplusRetained
Earnings$806,725 $4,989,877—(143,589)¥190,840 ¥1,181,503

Treasury
Shares

Total
Shareholders’Equity$(415,716) $6,339,008—(143,589)

Valuation
Difference on Deferred Gains
Available-for- or Losses onsale Securities
Hedges

Revaluation
Reserve forLand$ 554,174$ 68,745$65,529———

Profit Attributable to Owners of
Parent——412,392—

412,392———

Purchase of Treasury Shares

—

—

—

(66,147)(66,147)———

Disposal of Treasury Shares

—

256

—

1,046

1,302

—

—

—

Reversal of Revaluation Reserve for
Land

—

—

(51)

—

(51)

—

—

—

Total
RemeasureAccumulated
ments of
Other
Defined Benefit Comprehensive
Plans
IncomeTotal Net
Assets$(19,228) $ 669,220 $7,008,228——(143,589)——

412,392——(66,147)

—

—

1,302

—

—

(51)

Net Changes of Items Other thanShareholders’ Equity

—

—

—

—

—

501,855

38,77551

50,522591,203591,203

Total of Items during FY2023—

256

268,752(65,101)

203,907

501,855

38,77551

50,522591,203795,110$(480,817) $6,542,915$1,056,028$107,521$65,580

Balance at March 31, 2024

$958,121$806,981 $5,258,630$ 31,295 $1,260,423 $7,803,338

See notes to consolidated financial statements.

The Chiba Bank Ltd. Integrated Report 2024

4

Consolidated Statement of Cash Flows
The Chiba Bank, Ltd. and Consolidated Subsidiaries
For the year ended March 31, 2024

Millions of Yen (Note 1)

2023

2024
Cash Flows from Operating Activities:
Profit before Income Taxes
Depreciation and Amortization
Impairment Loss
Equity in (Earnings) Losses of Affiliates
Increase (Decrease) in Allowance for Loan Losses
Decrease (Increase) in Net Defined Benefit Asset
Increase (Decrease) in Net Defined Benefit Liability
Increase (Decrease) in Provisions for Directors’ Retirement Benefits
Increase (Decrease) in Provisions for Reimbursement of Deposits
Increase (Decrease) in Provisions for Point Loyalty Programs
Interest Income
Financing Expenses
Losses (Gains) on securities
Losses (Gains) on Money Held in Trust
Foreign Exchange Losses (Gains)
Losses (Gains) on Disposal of Fixed Assets
Net Decrease (Increase) in Trading Assets
Net Increase (Decrease) in Trading Liabilities
Net Decrease (Increase) in Loans and Bills Discounted
Net Increase (Decrease) in Deposits (excluding Negotiable Certificates of Deposit)
Net Increase (Decrease) in Negotiable Certificates of Deposit
Net Increase (Decrease) in Borrowed Money (excluding Subordinated Borrowings)
Net Decrease (Increase) in Due from Banks (excluding Due from BOJ)
Net Decrease (Increase) in Call Loans and Bills Bought and Others
Net Decrease (Increase) in Receivables under Securities Borrowing Transactions
Net Increase (Decrease) in Call Money and Bills Sold
Net Increase (Decrease) in Payables under Securities Lending Transactions
Net Decrease (Increase) in Foreign Exchanges - Assets
Net Increase (Decrease) in Foreign Exchanges - Liabilities
Increase (Decrease) in Borrowed Money from Trust Accounts
Interest and Dividends Received
Interest Paid
Other, net
Subtotal
Income Taxes Paid
Net Cash Provided by (Used in) Operating Activities
Cash Flows from Investing Activities:
Purchase of Securities
Proceeds from Sales of Securities
Proceeds from Redemption of Securities
Increase in Money Held in Trust
Decrease in Money Held in Trust
Purchase of Tangible Fixed Assets
Proceeds from Sales of Tangible Fixed Assets
Purchase of Intangible Fixed Assets
Net Cash Provided by (Used in) Investing Activities
Cash Flows from Financing Activities:
Cash Dividends Paid
Purchase of Treasury Shares
Proceeds from Sales of Treasury Shares
Net Cash Provided by (Used in) Financing Activities
Effect of Exchange Rate Change on Cash and Cash Equivalents
Net Increase (Decrease) in Cash and Cash Equivalents
Cash and Cash Equivalents at Beginning of Period
Cash and Cash Equivalents at End of Period (Note 27)
See notes to consolidated financial statements.

5

The Chiba Bank Ltd. Integrated Report 2024

Thousands of
U.S. Dollars (Note 1)

2024

¥

90,668
9,676
359
(462)
(1,173)(10,128)(3,787)
32
(273)
(47)
(198,583)
65,937(5,323)
(105)
(187)
(765)
135,018
2,832(614,763)
519,574(116,221)
316,452(3,237)(39,241)
3,495
715,843(133,644)
(709)
446
2,124
191,626(63,914)(51,578)¥ 809,940(22,069)¥ 787,870¥

86,670
9,439
140
(341)
(2,985)(2,002)
3,743
7
(385)
91
(169,575)
33,056
10,961
(119)
(71)
172
(23,686)
8,169(460,345)
636,989(57,210)(129,924)(2,316)(187,226)(5,446)132,297
74,526
595
148
4,556
159,453(29,796)(87,922)¥1,662(22,046)¥ (20,384)

598,826
63,911
2,376(3,054)(7,751)(66,895)(25,016)215(1,807)(315)(1,311,560)
435,488(35,157)(698)(1,238)(5,057)891,738
18,706(4,060,254)
3,431,571(767,593)
2,090,035(21,380)(259,177)
23,0894,727,850(882,666)(4,686)
2,952
14,033
1,265,616(422,132)(340,652)$ 5,349,317(145,763)$ 5,203,554¥ (968,637)
609,227
234,054(6,900)5,404(4,617)
1,002(5,539)¥ (136,006)¥(1,219,533)
936,016
205,547(3,000)3,600(6,531)93(4,685)¥ (88,492)$ (6,397,449)
4,023,691
1,545,833(45,572)
35,694(30,498)
6,623(36,588)$ (898,266)

¥

¥

$

(21,740)(10,015)0¥ (31,756)¥
187¥ 620,295¥ 4,045,159¥ 4,665,454(19,084)(10,005)0¥ (29,090)¥
71¥ (137,895)¥4,183,054¥4,045,159$(143,589)(66,147)1$ (209,735)$
1,238$ 4,096,791$26,716,591$30,813,382

Notes to Consolidated Financial Statements
The Chiba Bank, Ltd. and Consolidated Subsidiaries
For the year ended March 31, 2024

1. Basis of Presentation

The investments in these unconsolidated subsidiaries and affiliat-

The Chiba Bank, Ltd. (‘Chiba Bank’ or ‘the Bank’) and its consolidat-

ed companies, including Himawari Green Energy Co., Ltd., Chiba

ed subsidiaries (‘the Group’) produce their consolidated financial

SME Support Fund Series 4 Investment Limited and TSUBASA-AML

statements in accordance with the provisions set forth in the Japa-

Center Co., Ltd. established in the current fiscal year, are not ac-nese Financial Instruments and Exchange Act and other related ac-

counted for using the equity method because the profit (based on

counting regulations and in accordance with accounting principles

the owned interest), retained earnings (based on the owned interest)

and practices generally accepted in Japan, which are different in cer-and accumulated other comprehensive income (based on the owned

tain respects as to the application and disclosure requirements of In-

interest) of these subsidiaries and affiliated companies are not signifi-

ternational Financial Reporting Standards. The classification ofcant and would not have a material impact on the consolidated fi-

accounts is in compliance with Japan’s Ordinance for Enforcement

nancial statements of the Bank. Also, Onion Newspaper Co., Ltd.

of the Banking Act.

acquired in the current fiscal year is included in affiliated companies

The accompanying consolidated financial statements have been
compiled from the consolidated financial statements issued domestically and presented in a form which is more familiar to readers out-

but is not accounted for using the equity method because of thesame background as above.
The fiscal year ends on March 31 for all subsidiaries.

side Japan. Certain reclassifications and rearrangements have been
made to the financial statements for the previous year in order to

3. Significant Accounting Policies

conform to the classifications used in the financial statements for the(1) Trading Accountcurrent year. In addition, the accompanying notes include information

The following criteria are applied when accounting for the Bank’sthat is not required under the accounting principles generally accept-

trading assets and liabilities as well as trading income and expenses:

ed in Japan, but is presented herein for the convenience of readers
outside Japan.

Transactions for the purpose of capturing gains arising fromshort-term fluctuations in interest rates, currency exchange rates,

Japanese yen amounts are presented in millions of yen and fig-

market prices of securities and other market-related indices, or arbi-

ures of less than 1 million are truncated. As a result, the totals ex-

traging differentials between markets (hereinafter referred to as “trad-pressed in the accompanying consolidated financial statements do

ing purposes”) are included under “Trading Assets” or “Trading

not necessarily add up to the sums of the individual amounts.

Liabilities” in the consolidated balance sheet. Profit or loss from

U.S. dollar amounts are shown solely for the convenience of read-transactions for trading purposes are recorded under “Trading In-

ers of this Integrated Report and are calculated at a rate of ¥151.41

come” or “Trading Expenses” in the consolidated statement of in-to $1.00, the exchange rate as of March 31, 2024.

come.

When we refer in this financial data “we,” “us,” “our,” we mean the
Bank or the Group.

Trading securities and monetary claims, etc. which are held for
trading purposes are reported at market value as of the end of the
fiscal year. Trading-related financial derivatives such as swaps, fu-

2. Principles of Consolidationtures, or options are valued on the assumption that they were settled

The consolidated financial statements include the accounts of theat the end of the fiscal year.

Bank and its subsidiaries, including Chibagin Guarantee Co., Ltd.,In the case of trading-related financial derivatives, “Trading In-

Chibagin Leasing Co., Ltd., Chibagin Securities Co., Ltd. (‘Chibagincome/Expenses” includes the interest received/paid during the fiscal

Securities’) and other subsidiaries. The number of consolidated sub-year and the difference between the amount of profit/loss based on

sidiaries was nine as of March 31, 2024 (nine as of March 31, 2023).

the assumption that transactions were settled at the end of the cur-All significant inter-company balances and transactions have beenrent fiscal year and at the end of the previous fiscal year.

eliminated in consolidation. The consolidated financial statements do
not include the accounts of Chibagin Computer Service Co., Ltd.

(2) Securities

and five other subsidiaries because the combined total assets, total

Held-to-maturity bonds are reported at amortized cost, which is de-income, profit (based on the owned interest), retained earnings

termined by the moving average method. Investments in unconsoli-(based on the owned interest) and accumulated other comprehen-dated subsidiaries and affiliated companies not accounted for using

sive income (based on the owned interest) of these subsidiaries are

the equity method are reported at cost as determined by the moving

not significant and would not have a material impact on the consoli-

average method. Available-for-sale securities are recorded at market

dated financial statements of the Bank. Nevertheless, the invest-

value while their costs are calculated mainly via the moving-averagements in these unconsolidated subsidiaries are carried using themethod. Stocks and other securities without a market price are re-equity method and are included in securities in the consolidated bal-corded at the cost determined by the moving-average method.

ance sheet. Also, the consolidated financial statements do not include

Unrealized gains/losses on available-for-sale securities are includ-

the accounts of twelve unconsolidated subsidiaries and seven affiliat-

ed in net assets, net of income taxes. In addition, the valuation of se-

ed companies (respective number was nine and six as of March 31,

curities that are held as trust assets in individually managed cash2023).

trusts with the principal objective of securities portfolio management
is performed using the same method (1) and (2) above.
The Chiba Bank Ltd. Integrated Report 2024

6

Notes to Consolidated Financial Statements(3) Derivatives

independent from the operating divisions, audits these assessments.

Derivatives for purposes other than trading are reported at fair value.

Allowance for loan losses is determined based on the results of theseassessments.

(4) Tangible Fixed Assets

For collateralized or guaranteed claims to Bankrupt Borrowers or

Depreciation of buildings owned by the Bank as well as its consoli-

Effectively Bankrupt Borrowers, amounts exceeding the estimateddated subsidiaries is calculated using the straight-line method, andvalue of collateral and guarantees is deemed to be uncollectible andthe depreciation of other tangible fixed assets is calculated using thewritten-off against the total outstanding amount of the loan. The total

declining balance method. The main useful lives of tangible assets

amount deemed to be uncollectable or written-off was ¥29,662 mil-are as follows:lion as of March 31, 2024 (compared to ¥27,936 million as of March

Buildings.........................6 to 50 years

31, 2023). Regarding the allowance for loan losses made by the

Other..............................2 to 20 years

Bank’s consolidated subsidiaries, general allowances for loan losses
are determined for the amount deemed necessary based on the his-(5) Intangible Fixed Assets (excluding lease agreements)

torical loan-loss ratio and specific allowances for loan losses are pro-

Amortization of intangible fixed assets is calculated using thevided based on an assessment of the collectability of individual loans.

straight-line method. Amortization of internal software systems is calculated using the straight-line method based on the estimated usable(7) Provision for Directors’ Retirement Benefits

period as determined by the Bank and its consolidated subsidiaries

Provisions are made for the retirement benefits are paid to directors(5 years).

and corporate auditors of consolidated subsidiaries in the amountdeemed accrued until the end of the relevant fiscal year.

(6) Allowance for Loan Losses
Allowance for loan losses made by the Bank is provided in accor-(8) Provision for Reimbursements for Dormant Deposits

dance with the internally established standards for write-offs andProvisions are made for the reimbursement of dormant deposits thatprovisions.

will no longer be recorded as liabilities in the amount deemed neces-

For claims on borrowers that have entered into bankruptcy, special liquidation proceedings or similar legal proceedings (“Bankrupt

sary to cover possible losses arising from potential future withdrawal
claims from depositors.

Borrowers”), or borrowers that are not legally or formally insolvent
but are regarded as substantially in the same situation (“Effectively
Bankrupt Borrowers”), an allowance is provided based on theamount of claims, after the write-off stated below, net of the expected amount of recoveries from collateral and guarantees.
For claims on borrowers that are not currently bankrupt but likely
to become bankrupt in the future (“Potentially Bankrupt Borrowers”),
an allowance is provided in the amount deemed necessary based onan overall solvency assessment of the claims, net of the expectedamount of recoveries from collateral and guarantees.
For claims on Potentially Bankrupt Borrowers and on borrowers
whose loans are classified as “Loans past due 3 months or more” or“Restructured Loans” over a certain amount, if future cash flows fromthe collection of principal and interest are reasonably estimated, theallowance for loan losses is calculated by “Discounted Cash Flow
Method,” by which the allowance for loan losses is calculated as thedifference between the booked amounts of the loans and the cash
flows discounted by the original contractual interest rates.
For other claims, an allowance is mainly recorded based on the
expected losses for the next one year or the next three years, andthe expected losses are calculated by a loss ratio based on the historical average of the loan-loss ratio over a certain period of time,
which is based on one or three years of actual loan loss experience,
and adding necessary adjustments such as future projections.
The operating divisions review all claims in accordance with theBank’s policies and guidelines for the self-assessment of asset quality, and the internal Audit and Inspection Division, which is

7

The Chiba Bank Ltd. Integrated Report 2024

(9) Provision for Loyalty Point Programs
Provisions are made for loyalty point programs in the amountdeemed necessary to cover the potential future use of loyalty points
accumulated by customers through the use of credit cards, etc. issued by the Bank or its consolidated subsidiaries.
(10) Reserves under Special Laws
Reserves under special laws are financial instruments transaction liability reserves recorded by Chibagin Securities. These reserves areprovided for the compensation of losses from securities transactions
pursuant to Article 46-5-1 of the Financial Instruments and Exchange
Act and Article 175 of the Cabinet Office Ordinance on Financial Instrument Business Operators, etc.
(11) Accounting Methods related to Retirement Benefits
When calculating retirement benefit obligations, the estimated valueof retirement benefits for the current fiscal year is allocated based on
the benefit formula method. Prior service cost is amortized in gains/losses by the straight-line method over 10 years. The net actuarial
gain/loss is amortized using the straight-line method over 10 years
starting from following fiscal year. Consolidated subsidiaries calculate
net defined benefit liabilities and retirement benefit costs using thesimplified method which assumes the retirement benefit obligation tobe equal to the amount of payments necessary if all employees wereto voluntarily retire at the end of the fiscal year.

(12) Conversion of Foreign Currencies
The Bank’s assets and liabilities denominated in foreign currencies as(16) Scope of “Cash and Cash Equivalents” on Consolidated
Statements of Cash Flows

well as the accounts of overseas branches are converted into Japa-

When preparing the consolidated cash flow statement, cash and due

nese yen based primarily on the exchange rate as of the end of thefrom the Bank of Japan are considered to be “cash and cash equiva-

corresponding fiscal period. Consolidated subsidiaries’ assets and li-lents” in the consolidated balance sheet.

abilities denominated in foreign currencies are converted into Japanese yen based on the exchange rate as of the end of the fiscal(17) Appropriation of Retained Earnings

period for each company.

Dividends are recorded in the fiscal year in which the proposed appropriation of retained earnings is approved by the Board of Directors(13) Lease Transactions

and at the general meeting of shareholders. There is a dividend limit

Revenues and expenses from the finance lease transactions to les-specified under Article 18 of the Banking Act which states that ansees of the Bank’s consolidated subsidiaries are recorded on the net

amount equal to 20% of the aggregated dividend amount shall besales and cost of sales as of the contractual lease fee collection

set aside as a legal reserve or legal capital surplus, regardless of Arti-date.

cle 445-4 of the Companies Act of Japan.

(14) Hedge Accounting Practices

4. Significant Accounting Estimatesi) Hedging Interest Rate Risk

In the consolidated financial statements for the current fiscal year, al-

The Bank applies the deferred hedge accounting method tolowance for loan losses was recognized using accounting estimates,

hedging transactions against interest rate risk arising from its fi-

and this item could have a significant impact on the consolidated fi-

nancial assets and liabilities as stipulated in the “Treatment for

nancial statements for the following fiscal year.

Accounting and Auditing of Application of Accounting Standard(1) Amount Recorded in the Consolidated Financial Statements

for Financial Instruments in Banking Industry” (JICPA Industry
Committee Practical Guidelines No. 24, March 17, 2022).
The Bank evaluates the hedge effectiveness of its hedged

for the Current Fiscal Year
Allowance for Loan Losses as of March 31, 2024 was ¥31,087 million (¥32,260 million as of March 31, 2023).

items (such as deposits and loans) and hedging instruments(such as interest rate swaps) designed to offset interest rate fluctuations by classifying them based on maturation period.
ii) Hedging Foreign Currency Fluctuation Risk(2) Information That Contributes to Understanding the Contentsof Significant Accounting Estimates for Identified Itemsi) Calculation Method

The Bank applies the deferred hedge accounting method to

The calculation method of allowance for loan losses is described

hedging transactions against foreign currency fluctuation risk aris-

in “Significant Accounting Policies 3 (6) Allowance for Loaning from its foreign-currency-denominated financial assets and lia-

Losses”

bilities as stipulated in the “Treatment for Accounting and Auditingii) Key Assumptions

concerning Accounting for Foreign Currency Transactions in

The key assumptions related to the allowance for loan losses in-

Banking Industry” (JICPA Industry Committee Practical Guidelines

clude “future performance outlooks of borrowers in determining

No. 25, October 8, 2020).

borrower classification”. We evaluate and judge financial results,

The Bank designates certain currency swaps and foreign exchange swap transactions as hedges against foreign currency exchange rate fluctuations arising from foreign-currency monetaryclaims and debt obligations, and assesses hedge effectivenessfinancial conditions, and repayment capacities of borrowers, inaddition to other factors based on industry characteristics and regional economic trends.
iii)	Impact on the Consolidated Financial Statements for the Follow-

by verifying that the Bank holds foreign-currency positions of theing Fiscal Yearhedged items corresponding to the positions of the hedging in-

Such estimates can be affected by uncertainties that are difficult

struments.

to predict, such as economic trends inside and outside Chiba

In addition to the aforementioned (i, ii) accounting methods,

Prefecture, Japan, changes in the financial and economic envi-

the Bank applies the deferred hedge accounting method or spe-ronment including real estate prices and interest rates and stock

cial treatment for intertest rate swaps to a portion of its assets

prices and changes in the business conditions of client compa-

and liabilities.

nies. Changes in the assumptions used in the original estimates
can materially affect the total amount of allowance for loan losses(15) Amortization of goodwill

in the consolidated financial statements for the following fiscal

In principle, the entire amount is amortized in the year incurred.

year.

The Chiba Bank Ltd. Integrated Report 20248

Notes to Consolidated Financial Statements

5. Securities Purchased under Resale Agreements

Since many of these commitments expire without being utilized,

As for securities purchased under resale agreements or securities

the unused amount does not necessarily represent a future cash re-accepted as collateral for derivative transactions, ¥— was held inquirement. Most of these contracts have conditions that the Bank

hand on March 31, 2024 (¥17,998 million on March 31, 2023).

can refuse customers’ application of loan or decrease the contract
limits with proper reasons (e.g., changes in financial situation, deteri-

6. Trading Assets

oration in customers’ creditworthiness). At the inception of contracts,
Millions of Yen (Note 1)

2023¥  8,2043
16,155138,080¥162,444

2024¥ 5,078—
22,115
232¥27,426

Trading Account Securities
Derivatives of Trading Securities
Trading-Related Financial Derivatives
Other Trading Assets
Total

Thousands of
U.S. Dollars (Note 1)

the Bank obtains real estate, securities, etc. as collateral if consid-

2024$ 33,538—
146,061
1,539$181,138

ered to be necessary. Subsequently, the Bank performs periodic review of the customers’ business results based on initial rules, andtakes necessary measures to reconsider conditions in contracts and/or require additional collateral and guarantees.
Additionally, the unused amount within the limits of overdraft facilities on General Accounts as of March 31, 2024 was ¥736,343 mil-

7. Securities

lion (¥767,777 million as of March 31, 2023). General Accounts are
Millions of Yen (Note 1)

Japanese Government Bonds
Japanese Local Government Bonds
Japanese Corporate Bonds
Japanese Stocks
Other Securities
Total

2024
¥ 420,373
265,529
472,485363,762
1,383,916¥2,906,067

2023¥ 284,858
308,074
502,115
270,467
1,210,590¥2,576,106

Thousands of
U.S. Dollars (Note 1)

the Ordinary Deposit Accounts that its depositors can overdraw up

2024$ 2,776,390
1,753,714
3,120,568
2,402,500
9,140,191$19,193,363

to the amounts calculated by multiplying incidental Time Deposits

Securities included investments in non-consolidated subsidiaries andaffiliates of ¥16,243 million on March 31, 2024 (¥15,226 million on
March 31, 2023).
Guarantee obligations for bonds in private placement (defined in
Article 2 (3) of Financial Instruments and Exchange Act) included inJapanese Corporate Bonds was ¥42,395 million as of March 31,
2024 (¥50,630 million as of March 31, 2023).

The following table presents claims under the Banking Law and the
Law Concerning Emergency Measures for Reconstruction of
Financial Functions. Claims refers to bonds (limited to those whose
redemption of principal and all or part of the payment of interest
thereon are guaranteed, and whose issuance is made through theprivate placement of securities (as set forth in Article 2, Paragraph 3of the Financial Instruments and Exchange Act)) included in“Securities” on the consolidated balance sheet, loans, foreignin “Other assets,” and items recorded under customers’ liabilities for
acceptances and guarantees, as well as securities on loan among(1) Loans and Bills Discounted :Millions of Yen (Note 1)

Thousands of
U.S. Dollars (Note 1)

2024
2023
¥     8,760 ¥     8,162
170,313
153,984
11,517,110
11,001,933
1,025,645
942,986¥12,721,829 ¥12,107,0662024$   57,859
1,124,850
76,065,716
6,773,964$84,022,389

Bills discounted are accounted for as financial transactions in accordance with JICPA Industry Committee Practical Guidelines No. 24.

the securities with notes (limited to those based on loan-for-use
agreements or loan agreements).
Millions of Yen (Note 1)

Bankrupt and Substantially Bankrupt
ClaimsDoubtful Claims
Loans past due 3 months or more
Restructured Loans
Total

Thousands of
U.S. Dollars (Note 1)

2024

2023

2024

¥ 17,692
50,025
1,871
47,632¥117,222¥ 16,672
52,989190
43,719¥113,571$116,853
330,396
12,361
314,595$774,205

The Bank has rights to sell or pledge bank acceptance bought, com-

Bankrupt and substantially bankrupt claims are claims to borrowers

mercial bills discounted, documentary bills and foreign exchanges

who are subject to bankruptcy, corporate reorganizationrehabilitationbought without restrictions.Their total face value as of March 31,

or other similar proceedings and other borrowers in serious financial

2024 was ¥9,029 million (¥8,165 million as of March 31, 2023).

difficulties.

Contracts of overdraft facilities and loan commitment limits are

Doubtful Claims are claims to obligors (other than bankrupt andthe contracts that the Bank lends to customers up to the prescribed

substantially bankrupt claims) with deteriorated financial condition

limits in response to customers’ application of loan as long as there

and results of operations from which it is unlikely that the principal

is no violation of any condition in the contracts. The unused amountand interest on the loans will be recovered (Excludes bankrupt andwithin the limits was ¥2,625,551 million relating to these contracts,

substantially bankrupt claims).

including ¥2,305,299 million of which the term of contracts is less

9(2) Disclosed Claims under the Financial Reconstruction Law :exchanges, and accrued interest and suspense payments included

8. Loans and Bills Discounted

Bills Discounted
Loans on Bills
Loans on Deeds
Overdrafts
Total

and so on by certain weight.

Loans past due 3 months or more represent loans on which thethan one year or revocable at any time as of March 31, 2024 (re-payment of principal and/or interest has not been received for 3

spective amounts were ¥2,455,370 million and ¥2,167,083 million as

months or more from the due date, and which are not included inof March 31, 2023).

Loans to bankrupt and substantially bankrupt claims or doubtful claims.

The Chiba Bank Ltd. Integrated Report 2024

Restructured loans are loans which have been restructured tosupport the rehabilitation of certain borrowers who are encountering

In addition, the following was pledged as collateral for settlements of
exchange or margins for futures transactions.

financial difficulties, with the intention of ensuring recovery of theloans by providing easier repayment terms for the borrowers (suchas by reducing the rate of interest or by providing a grace period forMillions of Yen (Note 1)

2024¥5,986

Securities

2023¥3,230Thousands of
U.S. Dollars (Note 1)

2024$39,541

the payment of principal/interest, etc.) and are not classified in any of

Initial margins of futures markets of ¥7,281 million, cash collateral

the above categories.

paid for financial instruments of ¥128,021 million, cash collateral paid

The above claims amounts are before deduction of allowance forfor repurchase agreement of ¥4,632 million and guarantee depositsof ¥6,933 million were included in Other Assets as of March 31, 2024

loan losses.

(respective amounts were ¥6,523 million, ¥108,965 million, ¥— and¥7,021 million as of March 31, 2023).

9. Foreign Exchange Assets
Millions of Yen (Note 1)

Due from Foreign Banks (our accounts)
Foreign Bills Bought
Foreign Bills Receivable
Total

2024
¥4,209268
1,607¥6,0842023¥4,2242
1,147¥5,375

Thousands of
U.S. Dollars (Note 1)

2024$27,801
1,774
10,614$40,189

10. Other Assets
Millions of Yen (Note 1)

Accrued Income
Prepaid Expenses
Derivatives
Lease Investment Assets
Other
Total

2024
¥ 18,448
1,244
100,369
56,004
202,678¥378,746

2023¥ 16,212
1,460
79,09054,931
168,992¥320,687

Thousands of
U.S. Dollars (Note 1)

2024$ 121,845
8,222
662,900
369,885
1,338,609$2,501,461

11. Tangible Fixed Assets
Depreciation was computed using the declining-balance method.
Tangible fixed assets were shown at net of the following accumulated

13. Deposits

Current Deposits
Ordinary Deposits
Savings Deposits
Deposits at NoticeTime Deposits
Other Deposits
Subtotal
Negotiable Certificates of Deposit
Total

Millions of Yen (Note 1)

Thousands of
U.S. Dollars (Note 1)

2024
2023
¥   321,398 ¥   305,601
11,671,132
11,109,703
310,868
304,968
5,933
6,436
3,349,665
3,466,204
268,768
215,277¥15,927,766 ¥15,408,192
379,526
495,748¥16,307,293 ¥15,903,940

2024$  2,122,701
77,082,972
2,053,155
39,18822,123,147
1,775,102$105,196,266
2,506,617$107,702,883

Millions of Yen (Note 1)

Thousands of
U.S. Dollars (Note 1)

14. Trading Liabilities

Trading Securities Sold for Short Sales
Derivatives of Trading Securities
Trading-related Financial Derivatives
Total

2024
¥ 1,954
0
19,495¥21,4502023¥ 5,427
2
13,188¥18,6182024$ 12,905
6
128,760$141,671

depreciation:
Millions of Yen (Note 1)

2024¥98,3692023¥96,133

Thousands of
U.S. Dollars (Note 1)

15. Borrowed Money

2024$649,688

Deferred gain on real estate deductible for tax purposes amounted to¥11,737 million as of March 31, 2024 (¥11,766 million as of March
31, 2023).

Millions of Yen (Note 1)

Borrowings from the Bank of Japanand Other Financial Institutions

2023

2024

¥1,523,260¥1,206,808$10,060,500

Millions of Yen (Note 1)
Millions of Yen (Note 1)

2024¥1,045,783
1,424,157

2023¥1,001,636
1,182,829

Thousands of
U.S. Dollars (Note 1)

2024$6,906,965
9,405,968

Liabilities related to the above pledged assets were as follows:
Millions of Yen (Note 1)

Deposits
Payables under Repurchase
Agreements
Payables under Securities Lending
Transactions
Borrowed Money2024

16. Foreign Exchange Liabilities

12. Assets Pledged

Securities
Loans and Bills Discounted

Thousands of
U.S. Dollars (Note 1)

Foreign Bills Sold
Foreign Bills Payable
Total

2023
¥ 44,702

2024$ 253,552

44,481

17,160293,779

203,429
1,505,634

337,074
1,192,836

1,343,568
9,944,088

2023
¥ 83
641
¥724

2024
$1,091
6,647$7,73817. Bonds Payable
Millions of Yen (Note 1)

Thousands of
U.S. Dollars (Note 1)2024¥ 38,390

2024
¥ 165
1,006
¥1,171Thousands of
U.S. Dollars (Note 1)

Subordinated Bonds
Straight Bonds
Total

2024
¥ 30,000
90,792¥120,792

2023¥ 30,000
80,038¥110,038

Thousands of
U.S. Dollars (Note 1)

2024$198,138599,646$797,783

The Chiba Bank Ltd. Integrated Report 202410

Notes to Consolidated Financial Statements

18. Other Liabilities(4) Retirement Benefit Cost
Millions of Yen (Note 1)

2024
Domestic Exchange Settlement
Account, credit
Accrued Expenses
Unearned Revenue
Income Taxes Payable
Derivatives
Other
Total

¥    22
16,20940,18914,781
118,464
115,526¥305,193

2023¥    31
12,54739,428
8,004
87,29690,417¥237,725

Thousands of
U.S. Dollars (Note 1)

Millions of Yen (Note 1)

2024$    147
107,058
265,435
97,626782,408
763,002$2,015,678

Service Cost
Interest Cost
Expected Return on Plan Assets
Amortization of Unrecognized Net Actuarial Gain or Loss
Amortization of Unrecognized Prior Service Costs
Retirement Benefit Cost

2024
¥2,274156(3,255)363
81¥ (380)Thousands of
U.S. Dollars (Note 1)2023¥ 2,371160(3,368)(674)
81¥(1,429)2024$15,023
1,031(21,504)
2,403
536$ (2,511)(5) Remeasurements of Defined Benefit Plans Included in Other
Comprehensive Income(before Tax Effect)

19. Retirement Benefit Plans
The Bank and its consolidated subsidiaries have defined benefit
plans, i.e., lump-sum payment plans, welfare pension fund plans andtax-qualified pension plans, as well as corporate-type defined contribution plans. The Bank has retirement benefit trusts for lump-sum

Millions of Yen (Note 1)

Prior Service Costs
Net Actuarial Gain or Loss
Total

2024
¥    81
10,925¥11,006

Thousands of
U.S. Dollars (Note 1)

2023¥ (730)(5,126)¥(5,856)2024$   536
72,158$72,694

payment plans since the end of March 2018.
Net retirement benefit liability and retirement benefit cost of theconsolidated subsidiaries’ lump-sum payment plans are calculated(6) Remeasurements of Defined Benefit Plans Included inAccumulated Other Comprehensive Income(before Tax Effect)by the simplified method.

Millions of Yen (Note 1)

Unrecognized Prior Service Costs
Unrecognized Net Actuarial Gain or Loss
Total

I. Defined Benefit Plans(1) Retirement Benefit Obligation
Millions of Yen (Note 1)

Balance at the Beginning of Current Period
Service Cost
Interest Cost
Unrecognized Net Actuarial Gain or Loss
Retirement Benefits Paid
Unrecognized Prior Service Cost
Balance at the End of Current Period

2024¥78,789
2,274
156
(179)
(3,943)—¥77,0972023¥80,261
2,371
160
(654)
(4,161)
811¥78,7892024$520,373
15,023
1,031(1,187)(26,042)—$509,198

2024¥ 92,891
3,255
10,381
1,109(2,523)¥105,1162023¥96,106
3,368(5,105)
1,075(2,552)¥92,891

Thousands of
U.S. Dollars (Note 1)

2024$613,513
21,50468,5697,328(16,664)$694,249

Millions of Yen (Note 1)

Thousands of
U.S. Dollars (Note 1)

2024¥ 76,557(105,116)¥ (28,558)
540

2023
¥ 78,207(92,891)¥(14,684)
582

2024$ 505,630(694,249)$(188,619)
3,568¥ (28,018)¥(14,102)$(185,051)

Millions of Yen (Note 1)

11(7) Components of Plan Assets at Fair Value
StocksGeneral Accounts at Life Insurance Companies
Bonds
Other
Total

2023
44%
15%
41%
0%
100%

2024
46%
13%
41%
0%
100%

2024
¥    688(28,707)¥(28,018)

The Chiba Bank Ltd. Integrated Report 2024

Discount Rate
Expected Rate of Long-Term Return on Plan Assets
Expected Rates of Future Salary Increases

2024
0.2%
3.5%
1.1%-5.7%

2023
0.2%
3.5%
1.2%-5.8%

The expected rates of long-term return on plan assets has been estimated based on the anticipated allocation to each asset class andthe expected long-term returns on assets held in each category.
II. Defined Contribution Plans(3) Net Defined Benefit Liability/AssetNet Defined Benefit Liability
Net Defined Benefit Asset
Net Amount Accrued on the
Balance Sheet2024$ (4,290)
49,318$45,028(8) Assumptions used in Accounting for the above Plans
Millions of Yen (Note 1)

Funded Retirement Benefit Obligation
Plan Assets at fair value
Subtotal
Unfunded Retirement Benefit Obligation
Net Amount Accrued on the
Balance Sheet2023¥ (730)(3,458)¥(4,188)

Thousands of
U.S. Dollars (Note 1)(2) Plan Assets at Fair Value

Balance at the Beginning of Current Period
Expected Return on Plan Assets
Unrecognized Net Actuarial Gain or Loss
Contributions by the Company
Retirement Benefits Paid
Balance at the End of Current Period2024¥ (649)7,467¥6,817

Thousands of
U.S. Dollars (Note 1)2023¥ 4,476(18,578)¥(14,102)

Thousands of
U.S. Dollars (Note 1)

2024$   4,550(189,601)$(185,051)

The required contribution amount of the Bank and its consolidated
subsidiaries for the fiscal year ended March 31, 2024 was ¥486 million (¥468 million as of March 31, 2023).

20. Revaluation Reserve for Land
Pursuant to the Law concerning Revaluation of Premises, premises
used for business operations have been revalued as of March 31,
1998. Premises revaluation gain was included in Net Assets, net ofincome taxes.
Date of the revaluation: March 31, 1998
The method of the revaluation (set forth in Article 3 (3) of the Law):
Pursuant to Article 2 (4) of the Enforcement Ordinance for the Lawconcerning Revaluation of Premises, the premises price for the reval-

25. Other Ordinary Expenses

uation is determined based on the method established and publishedby the Director General of National Tax Agency in order to calculate
the premises value for a basis of determining the taxable amountsubject to premises value tax prescribed by Article 16 of the Premis-

Thousands of
U.S. Dollars (Note 1)

Millions of Yen (Note 1)

2024¥6,250620¥6,870Losses on Sales of Bonds
Loss on Devaluation of Bonds
Total

2023
¥22,4461¥22,4482024$41,279
4,101$45,380es Value Tax Law, reflecting appropriate adjustments for land shapeand timing of the assessment.
The difference between the revalued carrying amount and the fair

26. Other Expenses¥22,914 million as of March 31, 2024 (¥25,069 million as of March
31, 2023).

21. Capital Stock
The number of the Bank’s authorized shares was 2,500,000,000 asof March 31, 2024 and 2023.
Number of Shares

2024
815,521,087

Shares in Issue

2023
815,521,087

Thousands of
U.S. Dollars (Note 1)

Millions of Yen (Note 1)

value of premises revalued pursuant to Article 10 of the Law was
Provision of Allowance for Loan
LossesWritten-Off of Loans
Losses on Sales of Stocks and Other
Securities
Losses on Devaluation of Stocks andOther Securities
Cost of Leased Assets
Loss on Disposal of Fixed Assets
Impairment Loss on Fixed Assets
Other
Total

2024

2023

2024

¥   231
7,288

¥

—
4,310

$  1,532
48,134

1,114

165

7,358

1
16,445
192
359
8,103
¥33,736474
15,927
262
140
6,283
¥27,56511
108,6141,274
2,376
53,518$222,817

The number of treasury shares held by the Bank was 100,093 thousand as of March 31, 2024 (90,941 thousand as of March 31, 2023).

27. Cash and Cash Equivalents
Millions of Yen (Note 1)

22. Trading Income
Millions of Yen (Note 1)

Gains on Trading Account Securities
Transactions
Income from Trading-Related Financial
Derivatives Transactions
Other Trading Income
Total

Thousands of
U.S. Dollars (Note 1)

2024

2023

2024

¥ 579

¥ 738

$3,825801
57¥1,4381,227
28¥1,995

5,293
379$9,497

Cash and Due from Banks
Interest-Bearing Deposits included in Duefrom Banks (excluding Due from BOJ)
Cash and Cash Equivalents

Thousands of
U.S. Dollars (Note 1)

2024¥4,689,382

2023¥4,065,850

2024$30,971,418(23,928)¥4,665,454(20,691)¥4,045,159(158,036)$30,813,382

23. Other Ordinary Income
Millions of Yen (Note 1)

Gains on Foreign Exchange
Transactions
Gains on Sales of Bonds
Income from Derivatives other thanfor Trading or Hedging
Other
Total

Thousands of
U.S. Dollars (Note 1)

2024

2023

2024

¥4,581
1,016¥2,3232,448$30,261
6,713

1,465
175
¥7,2392,678
165¥7,6159,680
1,157$47,811

24. Other Income
Millions of Yen (Note 1)

Gains on Sales of Stocks and Other
Securities
Gains on Money Held in Trust
Revenue on Lease
Recoveries of Written-Off Claims
Reversal of Allowance for Loan
LossesEquity in Earnings of Affiliates
Other
Total

Thousands of
U.S. Dollars (Note 1)

2024

2023

2024

¥12,293
105
17,928
1,576¥ 9,679
119
17,4493,462$ 81,193
698
118,412
10,414—462
8,852¥41,219

1,352
341
6,646
¥39,052—
3,054
58,466$272,237

The Chiba Bank Ltd. Integrated Report 2024

12

Notes to Consolidated Financial Statements

28. Other Comprehensive Income
Thousands of
U.S. Dollars (Note 1)

Millions of Yen (Note 1)

Valuation Difference on Available-for-Sale Securities
Gains (Losses) Arising during the Fiscal Year
Reclassification Adjustment to Profit or Loss
Amount before Income Tax Effect
Income Tax Effect
Total
Deferred Gains or Losses on Hedges
Gains (Losses) Arising during the Fiscal Year
Reclassification Adjustment to Profit or Loss
Amount before Income Tax Effect
Income Tax EffectTotal
Remeasurements of Defined Benefit Plans
Gains (Losses) Arising during the Fiscal Year
Reclassification Adjustment to Profit or Loss
Amount before Income Tax Effect
Income Tax Effect
Total
Share of Other Comprehensive Income of Equity-method Affiliates
Gains (Losses) Arising during the Fiscal Year
Reclassification Adjustment to Profit or Loss
Amount before Income Tax Effect
Income Tax EffectTotal
Total Other Comprehensive Income

29. Lease Transactions

Millions of Yen (Note 1)¥117,505(8,646)
108,859(32,973)
75,886¥(46,043)
2,090(43,952)
13,303(30,648)$776,076(57,103)
718,973(217,776)
501,197¥ (8,284)
16,731
8,447(2,576)5,870¥ (4,457)
11,954
7,496(2,286)5,209$ (54,714)
110,505
55,791(17,016)
38,775¥ 10,561
444
11,006(3,357)7,649¥ (5,182)(674)(5,856)
1,786(4,070)$ 69,755
2,939
72,694(22,172)
50,522¥    99(0)99—¥    99¥ 89,506¥   164—164—¥   164¥(29,344)$   657(0)657—$   657$591,152

2023

Thousands of
U.S. Dollars (Note 1)

2024

31. Segment Information
I. Segment Information for the Current Fiscal Year (from April 1,
2023 to March 31, 2024) and the Previous Fiscal Year (from

¥241
345
¥587

¥222
509
¥732

$1,5952,285$3,880April 1, 2022 to March 31, 2023)
Since the Bank and its consolidated subsidiaries operate solely within the banking segment, segment information is omitted.
II. Related Information

30. Tax EffectMillions of Yen (Note 1)

Thousands of
U.S. Dollars (Note 1)

2024

2023

2024

¥ 16,631
5,532
981¥ 15,741
5,267
923$ 109,842
36,541
6,484

—
8,526
¥ 31,672(1,557)¥ 30,115

1,277
8,114
¥ 31,325(1,547)¥ 29,778—
56,317$ 209,184(10,285)$ 198,899(1) Information by Service Type
Since ordinary income from external customers in the banking business of the Group exceeds 90% of ordinary income in the consolidated statement of income, segment information by service type isomitted.
(2) Information by Geographic Areasi) Ordinary Income		Since ordinary income from domestic external customers of theGroup exceeds 90% of ordinary income in the consolidated state-¥(69,631)(5,759)¥(36,658)(4,791)$(459,890)(38,041)(2,079)(9,586)¥(87,057)¥(56,942)—(6,982)¥(48,432)¥(18,654)(13,734)(63,313)$(574,978)$(376,079)

For the fiscal years ended March 31, 2023 and 2024, as the difference between the statutory tax rate and the effective income tax rate

13

2024

the effective income tax rate is not disclosed.
2024

Deferred Tax Assets:
Allowance for Loan Losses
Net Defined Benefit Liability
Write-Offs of Securities
Remeasurements of Defined
Benefit Plans
Other
Subtotal
Valuation Allowance
Total Deferred Tax Assets
Deferred Tax Liabilities:
Valuation Difference on Availablefor-Sale Securities
Net Defined Benefit Asset
Remeasurements of Defined
Benefit Plans
Other
Total Deferred Tax Liabilities
Net Deferred Tax Assets (Liabilities)2023

was less than 5 percent of the statutory tax rate, the reconciliation of

Operating Lease Transactions

Lessee Side (Lease Payables Related
to Non-Cancelable Operating Lease
Transactions)
Amount Corresponding to Lease
Payables (within 1 year)
Amount Corresponding to Lease
Payables (over 1 year)
Total

2024

The Chiba Bank Ltd. Integrated Report 2024

ment of income, segment information by geographic areas is omitted.
ii) Tangible Fixed Assets
		Since the balance of the Group’s tangible fixed assets located inJapan exceeds 90% of the balance of those in the consolidatedbalance sheet, segment information on tangible fixed assets isomitted.

(3) Information by Major Customers

We utilize derivatives for purposes of: addressing customer’s vari-

Since there is no single customer that accounts for more than 10%

ous needs for investments and financing, managing risks from theof ordinary income in the consolidated statement of income, seg-

assets and liabilities, and trading (i.e., short term gains from sales).

ment information by major customer is omitted.

We enter into derivatives transactions to hedge interest rate and exchange rate risks from the assets and liabilities as follows:

III. Information about Impairment Loss of Fixed Assets by
Reporting Segments
Since the Group operates solely within the banking segment, seg-

Hedged Items

Interest rate risk hedge
Foreign exchange risk hedge

ment information on impairment loss of fixed assets is omitted.
IV. Information about Amortization Expense and Unamortized
Balance of Goodwill by Reporting Segments
Not applicable.
V. Information about Gains from Negative Goodwill by Reporting
Segment
Not applicable.

32. Financial Instruments
I. Disclosure on Financial Instruments(1) Policy on Financial Instruments
The Group conducts market businesses such as deposit-taking,lending and securities investments as a regional bank which is mainly
based in Chiba Prefecture, Japan.
The Group takes deposits, which are its main financing source,
and invests those deposits in corporate loans, retail housing loans
and securities. In order to manage these assets and liabilities andalso to make management plans in response to changes in market
environment, we have established an ALM management system ledby the “ALM Committee.”(2) Types of and Risks Associated with Financial Instruments
Because of corporate and housing loans being our main financial assets, the Bank is exposed to credit risk which is the risk of losses onreceivable such as those arising from any nonperformance of borrowers.
The Bank holds securities primarily comprising bonds, stocks andinvestment trusts for investment and operating purposes. These securities are exposed to credit risk of the issuers and market risk arising from changes in interest rates, prices and exchange rates.
The Group’s financial liabilities are mainly deposits from retail customers in Chiba Prefecture, Japan, which consist of liquid deposits
and time deposits. These deposits are exposed to liquidity risk arising from unexpected outflows of fund in certain situations.
The Group is exposed to interest rate risk caused by any interest
rate mismatch or duration mismatch between the assets (e.g., loans)and liabilities (e.g., deposits). We in part hedge the risk using interest
rate swaps.
We are also exposed to foreign exchange risk arising from a position mismatch between the foreign currency denominated assets andliabilities, which we in part hedge using currency swaps.

Hedging Instruments

Loans and bills
Interest rate swaps
discounted
Receivables andCurrency swaps
payables denominated Forward foreignin foreign currencies
exchange

Hedge accounting is applied to these transactions. Derivatives are
subject to market risk and credit risk like other transactions on themarket.
Certain subsidiaries have leasing credit and installment receivables which are subject to interest rate risk and credit risk.
(3) Risk Management Relating to Financial Instrumentsi) Credit Risk Management
We have established the system of self-assessment of assets toprovide appropriate allowance and write-offs. We also perform
rigid credit risk management through individual credit management and credit portfolio management based on internal rating
system. The Compliance and Risk Management Division, which is
responsible for credit risk management, has been placed as a division independent of the Credit Unit (including the Business Support Division) for a check-and-balance effect. Further, the Credit
Risk Management Committee discusses plans and actions on
credit portfolios based on consideration of credit risk situations.
The details of credit risk management are as follows:(Individual Credit Management)
Branches and the Business Support Division take the lead incredit review in accordance with credit review standards underthe basic principles of credit (safety, profitability, liquidity, growthpotential and public good). The Business Support Division provides support for customers who need to improve business operations and collection activities with regard to Bankrupt Borrowers
and others. The Bank strives to accumulate high-performing loan
assets and minimize future losses through these in-advance review and after-the-fact administration.
(Credit Portfolio Management)
Credit portfolio management is to control risk of incurring a major
loss at a time due to concentration of individual loans in specificcountries or specific industries. The Compliance and Risk Management Division monitors the state of credit risk from various
perspectives, such as by country, by industry, and by customer
credit rating. They also establish policies and take actions suchas setting credit limits to control an increase in credit risk.
ii) Market Risk Management
We have established strict market risk management system including risk limit monitoring. The Compliance and Risk Management

The Chiba Bank Ltd. Integrated Report 2024

14

Notes to Consolidated Financial Statements

Division, which is responsible for market risk management, hasiii) Liquidity Risk Management

been placed as a division independent of the Treasury Division andWe have established strict liquidity risk management system in-overseas branches in business operation unit and the Treasury Op-

cluding limit monitoring. The Compliance and Risk Management

eration Division in business management unit, for a check-and-bal-Division, which is responsible for liquidity risk management, has

ance effect. The ALM Committee discusses plans and actions on

been positioned as a division independent of the Treasury Division

overall management of the assets and liabilities based on market

within financing management unit in order to establish arisk situations. The following is how we set and monitor the upper

checks-and-balances effect. The ALM Committee discusses

guideline limits:plans and actions on overall management of the assets and liabil-(Risk Limit Monitoring)ities based on liquidity risk situations. In the event of a situation

We set and monitor upper guideline limits to control market risk ofthat has a significant impact on cash flows, we would immediately

financial assets such as securities, loans and deposits. In order tohold a conference chaired by the President and discuss plans tocontrol an increase in market risk, we also set upper limits on in-address it. The following section outlines how limits for liquidity

vestment balances, average duration, 10BPV and unrealized

management are set and monitored.

gains (losses) according to risk characteristics of transactions and(Limit Management)

products, and utilize such limits as additional management indica-

We set and monitor the minimum level of liquid assets such as

tors. We set and monitor upper guideline limits on trading posi-

government bonds that can be converted to cash in a short time.

tions and losses.

We also set upper limits on financing from inter-bank and other(Quantitative Information on Market Risk)

markets in order to facilitate stable cash flows with our fund-rais-(a) Financial Instruments of Banking Accounting capacity.

We use VaR (the assumed maximum loss) for quantitative
analysis on market risk of financial instruments such as avail-iv) Integrated Risk Management

able-for-sale securities, loans and deposits. For calculating

We have established rigid integrated risk management system in-

VaR, we have adopted the variance co-variance model (hold-cluding a risk capital allocation framework. The Compliance anding period of 1 year; confidence interval of 99.9%; and obser-

Risk Management Division is responsible for integrated risk man-vation period of 1 year), and the changes of interest and stock

agement and is the unit that monitors various risks including cred-price are considered. However, the VaR based on a holding

it and market risks. In order to ensure that we have capital

period of 10 days is used for some trading activities, such as

sufficient for the risks we bear, the Compliance and Risk Manage-

market asset trading. Those VaR are used for risk limit moni-

ment Division also conducts stress test, the results of which thetoring. Our VaR of banking business is ¥222,563 million as ofBoard of Directors monitors on a regular basis and discuss ac-

March 31, 2024 (¥238,000 million as of March 31, 2023). In

tions to take as necessary. The following section outlines the de-case of a 99% confidence level, VaR is ¥171,908 million as oftails of the Bank’s risk capital allocation framework.

March 31, 2024 (¥182,989 million as of March 31, 2023).

(Risk Capital Allocation Framework)(b) Trading Account Financial Instruments

Risk capital allocation framework is to distribute risk capital (toler-

We use VaR for quantitative analysis on market risk of financial

able risk) within the capital representing our financial strength, toinstruments such as securities for trading and derivatives. For

divisions such as domestic business divisions and treasury divi-

calculating VaR, we have adopted the variance co-variancesions in advance. Each division then controls risks within the allo-model (holding period of 10 days; confidence interval ofcated risk capital. Through this framework, each division conducts

99.9%; and observation period of 1 year). Those VaR is used

its operations focused on the risk-return spectrum (e.g., improves

for risk limit monitoring. Our VaR of trading business is ¥70

profitability and/or utilize the capital in a more efficient manner)

million as of March 31, 2024 (¥130 million as of March 31, 2023).

while the entire Bank’s financial strength is maintained.

In case of a 99% confidence level, VaR is ¥53 million as ofMarch 31, 2024 (¥98 million as of March 31, 2023).
(c) Validity of VaR

Instruments

We check the validity of the market risk measurement madeThe fair value of financial instruments includes, in addition to values

by VaR approach by the back-test which compares VaR cal-determined based on market prices, those calculated on a reason-

culated using the model with actual profit or loss. Since VaRable basis if no market price is available. Since certain assumptions

estimates possible losses statistically under the certain proba-

are used for the calculations, the result may vary if different assump-bility from the past market changes, risk might not be comple-

tions are applied.

mented under anomalous market situations.

15(4) Supplementary Explanation on Fair Value of Financial

The Chiba Bank Ltd. Integrated Report 2024

II. Disclosure on Fair Value of Financial Instruments
The following table summarizes the amount stated in the consolidated balance sheet and the fair value of financial instruments as of March 31,
2024 with their difference. Note that stocks and others without a market price and investments in limited partnerships are excluded from the following table (Note i). Notes to cash and due from banks, call loans and bills bought, receivables under resale agreements, receivables under securities borrowing transactions, trading assets and liabilities (excluding derivative transactions), foreign exchanges (assets and liabilities), callmoney and bills sold, payables under repurchase agreements, and payables under securities lending transactions are not shown since the majority of these items are settled within a short period (within one year) and their fair value approximates their book value. Furthermore, some items
are not shown since the consolidated balance sheet amounts are insignificant.
Millions of Yen (Note 1)
March 31, 2023

March 31, 2024
Consolidated
Balance Sheet
Amount(1) Securities
Held-to-Maturity Bonds
Available-for-Sale Securities(2) Loans and Bills Discounted
Allowance for Loan Losses(*2)

3,031
2,837,779
12,721,829(29,260)
12,692,569¥15,533,380
15,927,766
379,526
1,523,260¥17,830,553¥

Total Assets(1) Deposits(2) Negotiable Certificates of Deposit(3) Borrowed Money
Total Liabilities
Derivative Transactions(*3)
Not Qualifying for Hedge Accounting
Qualifying for Hedge Accounting(*4)
Total Derivative Transactions

¥

3,496
19,591
23,087

Fair Value

Difference(*1)

Consolidated
Balance Sheet
Amount2,996
2,837,779(35)—

12,741,699¥15,582,475
15,927,626
379,526
1,502,931¥17,810,085

49,130¥49,095
140—
20,328¥20,468

9,385
2,511,774
12,107,066(30,110)
12,076,956¥14,598,116
15,408,192
495,748
1,206,808¥17,110,748

3,496
19,591
23,087

—
—
—

2,856
10,886
13,743

¥

¥

¥

¥

¥

Fair Value

Difference(*1)

9,204
2,511,774(181)—

12,159,094¥14,680,073
15,408,214
495,748
1,198,814¥17,102,777

82,138¥ 81,956
(21)
—
7,993
¥ 7,971

2,856
10,886
13,743

—
—
—

¥

¥

¥

(*1) Unrealized gains (losses) are presented.
(*2) General and specific allowance for Loans and bills discounted is deducted here.
(*3) Presents derivative transactions included in Trading assets/liabilities as well as those in Other assets/liabilities. Also presents assets or liabilities arising from derivative transactions
on a net basis. Net liability positions are presented with brackets [ ].
(*4) In the current fiscal year, interest rate swaps and currency swaps, etc., designated as hedging instruments to reduce the exposure to fluctuations in interest rates and foreignexchange rates on loans, securities, etc., which are hedged items, are mainly applied as deferred hedges. The Bank applies the “Treatment of Hedge Accounting for Financial
Instruments that Reference LIBOR” (Practical Solution No. 40) to these hedging relations.

(Note i) The following table summarizes stocks and others without a market price and investments in limited partnerships. These are not includedin the amount presented under “Available-for-Sale Securities” in the above table.
Millions of Yen (Note 1)
March 31, 2024
March 31, 2023
Consolidated Balance
Consolidated Balance
Sheet Amount
Sheet Amount(1) Unlisted Stocks (*1)(*2)(2) Investments in Limited Partnerships, etc. (*3)(*4)
Total¥15,636
39,309¥54,946¥16,386
48,869¥65,256(*1) Fair value of unlisted stocks is not disclosed in accordance with Paragraph 5 of the “Implementation Guidance on Disclosures about Fair Value of Financial Instruments” (ASBJ
Guidance No. 19).
(*2) An impairment loss of ¥1 million is recorded on these unlisted stocks in the current fiscal year (¥38 million in the previous fiscal year).
(*3) Fair value of investments in limited partnerships, etc., is not disclosed in accordance with paragraph 27 of the “Implementation Guidance on Accounting Standard for Fair Value
Measurement” (ASBJ Guidance No. 31).
(*4) An impairment loss of ¥586 million is recorded on these Investments in Limited Partnerships, etc. in the current fiscal year.

(Note ii) Redemption schedule of monetary claims and securities with maturities:

Securities
Held-to-Maturity Bonds
Available-for-Sale Securities with Maturities
Japanese Government Bonds
Japanese Local Government Bonds
Japanese Short-Term Corporate Bonds
Japanese Corporate Bonds
Loans (*)
Total

Within 1 Year

1-3 Years

Millions of Yen (Note 1)
March 31, 2024
3-5 Years
5-7 Years¥ 208,993
1,514
207,479
5,000
46,169—43,8391,772,102¥1,981,095¥ 420,974
1,514
419,460
15,00065,974—81,4382,047,389¥2,468,363¥ 533,894—
533,894
205,000
16,984—60,781
1,607,111¥2,141,005¥ 256,387—
256,387—
94,082—
22,156
1,163,782¥1,420,169

7-10 Years

Over 10 Years¥ 116,930—
116,930500
42,396—7,900
1,168,724¥1,285,654¥ 826,597—
826,597
215,000
3,212—
273,7073,872,223¥4,698,821(*) These amounts do not include loans to Bankrupt, Effectively Bankrupt or Potentially Bankrupt Borrowers and other loans of which redemption amount cannot be projected andthose which do not have specific maturities, amounting to ¥1,090,496 million in total.
The Chiba Bank Ltd. Integrated Report 2024

16

Notes to Consolidated Financial Statements

Securities
Held-to-Maturity Bonds
Available-for-Sale Securities with Maturities
Japanese Government Bonds
Japanese Local Government Bonds
Japanese Short-Term Corporate Bonds
Japanese Corporate Bonds
Loans (*)
Total

Within 1 Year

1-3 Years

Millions of Yen (Note 1)
March 31, 2023
3-5 Years
5-7 Years¥ 179,531
6,676
172,854
10,00032,432—
29,2401,716,269¥1,895,801¥ 455,032
2,670
452,361
50,00076,286—
97,644
1,967,987¥2,423,020¥ 337,664—
337,664—
52,338—63,124
1,436,752¥1,774,416¥ 162,762—
162,762—
36,827—
18,726
1,073,401¥1,236,164

7-10 Years

Over 10 Years¥ 237,245—
237,245—
107,509—20,4001,150,380¥1,387,625¥ 747,193—
747,193
235,000
4,665—
282,499
3,753,288¥4,500,482(*) These amounts do not include loans to Bankrupt, Effectively Bankrupt or Potentially Bankrupt Borrowers and other loans of which redemption amount cannot be projected andthose which do not have specific maturities, amounting to ¥1,008,986 million in total.

(Note iii) Repayment schedule of interest-bearing liabilities:

Deposits (*)
Negotiable Certificates of Deposit
Total

Within 1 Year

1-3 Years¥15,184,118
379,526¥15,563,645¥666,424—¥666,424

Millions of Yen (Note 1)
March 31, 2024
3-5 Years
5-7 Years¥51,473—¥51,473¥4,961—¥4,961

7-10 Years

Over 10 Years¥20,788—¥20,788¥——¥—

7-10 Years

Over 10 Years¥10,777—¥10,777¥——¥—(*) Demand deposits are included in “Within 1 year.”

Deposits (*)
Negotiable Certificates of Deposit
Total

Within 1 Year

1-3 Years¥14,664,978495,748¥15,160,726¥690,111—¥690,111

Millions of Yen (Note 1)
March 31, 2023
3-5 Years
5-7 Years¥37,462—¥37,462¥4,863—¥4,863(*) Demand deposits are included in “Within 1 year.”III. Fair Value Hierarchy
The fair value of financial instruments is categorized into three levels as shown below on the basis of the observability and materiality of the valuation
inputs used in fair value measurements.
Fair value of Level 1: Fair value measured by quoted prices of the assets or liabilities which are given in active markets among observablevaluation inputs
Fair value of Level 2: Fair value measured by inputs other than inputs included within Level 1 among observable valuation inputs
Fair value of Level 3: Fair value measured by unobservable valuation inputs
When several inputs that have significant impact on fair value measurement are used and those inputs are categorized into different levels, thefair value is categorized into the lowest priority level for fair value measurement among the levels in which each of the inputs belongs.
(1) Financial Instruments Recorded at Fair Value in the Consolidated Balance Sheet
Millions of Yen (Note 1)
March 31, 2024
Fair Value
Level 2
Level 3

Level 1

Securities (*1)
Available-for-Sale Securities
Japanese Government Bonds
Japanese Local Government Bonds
Japanese Corporate Bonds
StocksForeign Bonds
Other
Total Assets
Derivative Transactions (*2)
Inetest Rate-Related Transactions
Currency-Related Transactions
Stocks-Related Transactions
Bond-Related Transactions
Commodity-Related Transactions
Credit Derivative Transactions
Total Derivative Transactions

17

Total

Level 1Millions of Yen (Note 1)
March 31, 2023
Fair Value
Level 2
Level 3

Total

¥420,373——
347,375
151,604
69,864¥989,218¥—
265,529
427,958—
586,419492,587¥1,772,495¥——
44,526———¥44,526¥ 420,373
265,529
472,485
347,375
738,024
562,451¥2,806,240¥284,858——
254,830
79,54259,442¥678,673¥—
308,074
449,657—
514,924
479,191¥1,751,848¥——
52,457———¥52,457¥ 284,858
308,074
502,115
254,830
594,467
538,633¥2,482,979

¥

¥

¥

¥

¥

¥

¥

¥

¥

The Chiba Bank Ltd. Integrated Report 2024

—
—
—
(0)
—
—
(0)

¥

28,898(6,037)————22,860

¥

—
228
—
—
—
—
228

¥

28,898(5,809)—(0)——
23,087

¥

—
—
—
0
—
—
0

¥

17,309(2,865)————
14,443

¥

—
(700)
—
—
—
—
(700)

¥

17,309(3,566)—0——
13,743

(*1) The amounts of investment trusts for which the treatments are applied in accordance with Paragraph 24-9 of the Implementation Guidance on Accounting Standard for Fair Value
Measurement (ASBJ Guidance No.31 June 17, 2021), where the Net Asset Value is deemed to be the fair value, are not included in Securities on the table above. The amount of
the investment trust and others in the consolidated balance sheet for which the treatment in Paragraph 24-9 is applied was ¥31,538 million as of March 31, 2024. (¥28,794 million
as of March 31, 2023).
(*2) The amounts collectively represent the derivative transactions which are recorded on “Trading assets,” “Trading liabilities,” “Other assets” and “Other liabilities.” Debts and credits
arising from derivative transactions are presented on a net basis, and items that are net liabilities in the total are presented in ( ).

(2) Financial Instruments Other than Financial Instruments Recorded at Fair Value in the Consolidated Balance Sheet
Millions of Yen (Note 1)
March 31, 2024
Fair Value
Level 2
Level 3

Level 1

Securities
Held-to-Maturity Bonds
Japanese Government Bonds
Japanese Local Government Bonds
Other
Loans and Bills Discounted
Total Assets
Deposits
Negotiable Certificates of Deposit
Borrowed Money
Total Liabilities

¥

¥
¥

¥

—
—
—
—
—
—
—
—
—

¥

—
—
2,996
—
¥2,996¥15,927,626
379,526
1,485,397¥17,792,551

¥

—
—
—
12,741,699¥12,741,699¥——
17,534¥
17,534

Total

¥

—
—
2,996
12,741,699¥12,744,696¥15,927,626
379,526
1,502,931¥17,810,085

Millions of Yen (Note 1)
March 31, 2023
Fair Value
Level 2
Level 3

Level 1

¥

¥

¥

—
—
—
—
—
—
—
—
—

¥

—
—
9,204
—
¥
9,204
¥15,408,214
495,748
1,186,244¥17,090,206

¥

—
—
—
12,159,094¥12,159,094¥——
12,570¥12,570

Total

¥

—
—
9,204
12,159,094¥12,168,298¥15,408,214
495,748
1,198,814¥17,102,777(Note i) Explanation of valuation techniques and valuation inputs used in fair value measurements
AssetsSecurities
Fair values of securities for which unadjusted quoted market prices in active markets as Level 1, which includes mainly listed stocks andgovernment bonds. In the case the market is inactive even if the quoted market price is available, those securities are categorized as Level 2,
which includes mainly municipal and corporate bonds.For investment trusts which has no market price, if there are no material restrictions
that would require compensation for the risk from market participants with respect to cancellation or repurchase requests, the investment
trust is classified as Level 2 fair value with Net Asset Value.
Fair values of private placement bonds are measured by discounting the total amount of principal and interest and others at interest rates
based on the discount rate reflecting expected loss and various risk factors by categories based on the internal ratings and terms and are
categorized as Level 3 since the discount rate is unobservable.
Loans and Bills Discounted
Fair values of loans and bills discounted are measured by discounting the total amount of principal and interest and others at interest rates
based on the discount rate reflecting expected loss and various risk factors by categories according to the types, internal ratings and termsof the loans and bills discounted and are categorized as Level 3 since the discount rate is unobservable.
In addition, fair values of claims against bankrupt obligors, substantially bankrupt obligors, and intensive control obligors whose bad debts
are measured at the present value of the expected future cash flows or the estimated amounts calculated based on the recoverability fromcollateral and guarantees approximate the amount of claims and others minus the amount of reserves for possible losses on loans in the consolidated balance sheet as of the consolidated balance sheet date and those amount are considered to be fair values which are categorized
as Level 3.
Among the loans and bills discounted, for those without a fixed maturity due to loan characteristics such as limiting loans to within the value of pledged assets, book values are considered to be fair values since fair values are expected to approximate book values based on theestimated loan periods, interest rates and other conditions. Fair values of those loans and bills discounted are categorized as Level 3.
Liabilities
Deposits and Negotiable Certificates of Deposit
For demand deposits, the payment amounts required on the consolidated balance sheet date (i.e., book values) are considered to be fair values. In addition, fair values of time deposits and negotiable certificates of deposits are calculated by classifying them based on their terms
and by discounting the future cash flows. The discount rates used in such calculations are the market interest rates. Since fair values of those
whose deposit terms are short (i.e., within one year) approximate book values, the book values are considered to be fair values and those fairvalues are categorized as Level 2.

The Chiba Bank Ltd. Integrated Report 2024

18

Notes to Consolidated Financial Statements

Borrowed Money
The present value of borrowed money with a fixed interest rate is calculated by discounting future cash flows at an interest rate that takes into
account the remaining term of the relevant borrowings and credit risk. For those with short remaining terms (one year or less), the book value
is used as the fair value because the fair value is considered to approximate the book value. The book value is used as the fair value of thosewith floating interest rates because the fair value is considered to approximate the book value since the floating interest rate reflects the market interest rate in a short period of time and the credit conditions of the Bank and its consolidated subsidiaries have not changed significantly since the execution of the loan. If significant unobservable inputs are used in the calculation of such fair value, the fair value is classified as
Level 3; otherwise, the fair value is classified as Level 2.
Derivative Transactions
Derivative transactions that can be measured at unadjusted quoted prices in active markets are categorized as Level 1, which includes suchtransactions as bonds futures.
However, since most derivative transactions are over-the-counter transactions and there are no quoted market prices, market values aremeasured using valuation techniques such as the discounted cash flow method and the Black-Scholes model, depending on the type oftransaction and the maturity period. The main inputs which are used in those valuation techniques are interest rate, currency rate, volatility
and others. In addition, price adjustments based on credit risk of counterparty and credit risk of the Bank itself. When unobservable inputs
are not used or impact of unobservable inputs are not material, transactions are categorized as Level 2, which includes such transactions as
plain vanilla interest rate swaps and foreign exchange forwards. When significant unobservable inputs are used, transactions are categorized
as Level 3, which includes transactions such as long-term currency-related transactions.
(Note ii) Information relating to fair values of Level 3 among the financial instruments recorded at fair value in the consolidated balance sheet(1) Quantitative Information of Significant Unobservable Valuation Inputs

Principal
Valuation
Technique

Securities
Available-for-Sale Securities
Japanese Corporate Bonds
Private Placement Bonds
Derivative Transactions
Currency-Related Transactions

Discounted
cash flow
methodOptionvaluation
model

Millions of Yen (Note 1)
March 31, 2024
Significant
Unobservable
Range of
Valuation Input Valuation Input

Discount
rate

Volatility

0.00% - 3.86%

Millions of Yen (Note 1)
March 31, 2023
Significant
Unobservable
Range of
Valuation Input Valuation Input

Weighted
Average

Principal
Valuation
Technique0.08%

Discounted
cash flow
methodDiscount
rate

0.00% - 3.54%

0.08%

—

Optionvaluation
model

Volatility

8.49% - 8.89%—

8.55% - 10.75%

Weighted
Average(2) Balances at the Beginning and the End of Current Period and the Unrealized Gains (Losses) Included in the Income (Expenses) for
the Period
Millions of Yen (Note 1)
March 31, 2024
Income (Expenses) for the
Period/ Other
Comprehensive Income

Securities
Available-for-Sale Securities
Japanese Corporate Bonds
Private Placement Bonds
Derivative Transactions
Currency-Related Transactions

Beginning
Balance

Recorded toIncome(Expenses) for
the Period (*1)

¥52,457¥ (27)

¥(67)

¥

¥928

¥—

(700)

Recorded to
Net Amount of
Other
Purchase, Sale,
Comprehensive
Issue, andIncome (*2)
Settlement

Unrealized Gains(Losses) on
Financial Assets
and Liabilities Heldas of theConsolidated
Balance Sheet
Date Among theAmount Recorded
to Income(Expenses) for the
Period (*1)

Transfer toFair Valuesof Level 3

Transfer fromFair Valuesof Level 3 (*3)

EndingBalance asof Period¥(7,835)¥—¥—¥44,526

¥ —

¥

¥—

¥—

¥

¥928

—

228

(*1) Those amounts are included in Other Ordinary Income and Other Ordinary Expenses in the consolidated statement of income.
(*2) Those amounts are included in Valuation Difference on Available-for-sale Securities of Other Comprehensive Income in the consolidated statement of comprehensive income.

19

The Chiba Bank Ltd. Integrated Report 2024

Millions of Yen (Note 1)
March 31, 2023
Income (Expenses) for the
Period/ Other
Comprehensive Income

Securities
Available-for-Sale Securities
Japanese Corporate Bonds
Private Placement Bonds
Derivative Transactions
Currency-Related Transactions

Beginning
Balance

Recorded toIncome(Expenses) for
the Period (*1)

¥60,741

¥

4

¥21

¥

¥(173)¥—(527)

Recorded to
Net Amount of
Other
Purchase, Sale,
Comprehensive
Issue, andIncome (*2)
Settlement

Unrealized Gains(Losses) on
Financial Assets
and Liabilities Heldas of theConsolidated
Balance Sheet
Date Among theAmount Recorded
to Income(Expenses) for the
Period (*1)

Transfer toFair Valuesof Level 3

Transfer fromFair Valuesof Level 3 (*3)

EndingBalance asof Period¥(8,310)¥—¥ —¥52,457

¥ —

¥

¥—

¥ —

¥

¥(173)—(700)(*1) Those amounts are included in Other Ordinary Income and Other Ordinary Expenses in the consolidated statement of income.
(*2) Those amounts are included in Valuation Difference on Available-for-sale Securities of Other Comprehensive Income in the consolidated statement of comprehensive income.

(3) Explanation of the Process of Fair Value Measurement
In the Group, middle-offices and back-offices have established policies and procedures related to the measurement of fair values and procedures
related to usage of the valuation model. For the fair values and the level categories, the validity of the valuation techniques and valuation inputs usedin fair value measurement are verified.
In fair value measurement, valuation models in which the nature, characteristics and risks of individual assets are most appropriately reflected areused. In addition, when quoted prices obtained from third parties are used, the validity of the prices is verified by appropriate methods such asconfirmation of valuation techniques and used valuation inputs and comparison with the fair values of similar financial instruments.
(4) Explanation of the Impact on Fair Values in the Case where Significant Unobservable Inputs Are Fluctuated
Discount rate
The discount rate is an adjustment rate to a benchmark market interest rate such as TONA or swap rates. It primarily consists of a risk premiumcomponent which is the amount of compensation that market participants require due to the uncertainty inherent in the financial instruments’
cash flows resulting from credit risk. A significant increase (decrease) in discount rate would generally significantly impact the valuation of the fairvalues of financial instruments negatively (positively).
Volatility
Volatility is a measure of the expected change in variables over a fixed period of time. Some financial instruments benefit from an increase involatility and others benefit from a decrease in volatility. Generally, a significant increase (decrease) in volatility would result in a significant increase(decrease) in option values and, for a long position in an option, it would result in a significant increase (decrease) in the fair values of financial
instruments.

The Chiba Bank Ltd. Integrated Report 2024

20

Notes to Consolidated Financial Statements

33. Market Value of Securities(1) Trading Securities
Millions of Yen (Note 1)
March 31, 2024
March 31, 2023
Unrealized Gains (Losses) Included in Unrealized Gains (Losses) Included in
the Consolidated Statement of Income the Consolidated Statement of Income

Trading Securities

¥(86)

¥(24)

(2) Marketable Securities Held to Maturity
Millions of Yen (Note 1)
March 31, 2023

March 31, 2024
Consolidated
Balance Sheet
Amount(a) Securities for which
Bonds:
the Fair Value Exceeds
Japanese Government Bonds
the Consolidated
Japanese Local Government Bonds
Balance Sheet AmountJapanese Short-Term Corporate Bonds
Japanese Corporate Bonds
Other
Foreign Bonds
Subtotal¥¥(b) Securities for which
Bonds:
the Fair Value Does Not
Japanese Government Bonds
Exceed theJapanese Local Government Bonds
Consolidated Balance
Japanese Short-Term Corporate Bonds
Sheet AmountJapanese Corporate Bonds
Other
Foreign Bonds
Subtotal
Total

Fair Value

—
—
—
—
—
—
—

¥

—
—
—
—
—
—
—

¥ —
—
—
—
—
—
¥ —

—
—
—
—
2,996
2,996
¥ 2,996¥ 2,996

¥ —
—
—
—
(35)
(35)
¥ (35)¥ (35)

¥

¥

—
—
—
—
3,031
3,031
¥ 3,031¥ 3,031

Difference¥

Consolidated
Balance Sheet
Amount¥¥Fair Value

—
—
—
—
—
—
—

¥

—
—
—
—
—
—
—

¥ —
—
—
—
—
—
¥ —

—
—
—
—
9,204
9,204
¥ 9,204¥ 9,204

¥ —
—
—
—
(181)
(181)
¥ (181)¥ (181)

¥

¥

—
—
—
—
9,385
9,385
¥ 9,385¥ 9,385

Difference¥(3) Marketable Securities Available for Sale
Millions of Yen (Note 1)

Difference

March 31, 2023
Consolidated
Balance Sheet
AmountAcquisition Cost

Difference¥264,712
641
511
16
—
113
53,392
3,077¥318,746¥ 242,735
420,949
176,420
130,713—
113,816
310,136
90,277¥ 973,822¥

72,987416,220
172,125
130,475—
113,619
285,162
89,566¥ 774,369¥169,748
4,729
4,295
237
—
196
24,974710¥199,452¥¥¥¥ (2,106)(16,184)(2,188)(2,975)—(11,020)(61,178)(30,730)¥ (79,469)¥119,982

March 31, 2024(a) Securities for which
the Fair Value Exceeds
the Amortized
Acquisition Cost

StocksBonds:
Japanese Government Bonds
Japanese Local Government Bonds
Japanese Short-Term Corporate Bonds
Japanese Corporate Bonds
Other
Foreign Bonds
Subtotal(b) Securities for which
Stocksthe Fair Value Does Not Bonds:
Exceed the Amortized
Japanese Government Bonds
Acquisition Cost
Japanese Local Government Bonds
Japanese Short-Term Corporate Bonds
Japanese Corporate Bonds
Other
Foreign Bonds
Subtotal
Total

21

The Chiba Bank Ltd. Integrated Report 2024

Consolidated
Balance Sheet
AmountAcquisition Cost

¥ 343,875
237,452
172,102
28,885—36,464
440,525
125,890¥ 1,021,853¥

79,163236,810
171,590
28,868—36,350387,133
122,813¥ 703,107

¥

¥

3,499
920,936
248,271
236,643—436,021899,060
612,134¥ 1,823,496¥ 2,845,349

4,116
949,143
254,201240,353—454,588960,167
647,538¥ 1,913,427¥ 2,616,534(616)(28,207)(5,930)(3,709)—(18,567)(61,107)(35,403)¥ (89,931)¥228,815

12,095674,098
108,437
177,361—
388,298
851,759
504,189¥1,537,952¥2,511,774

14,202690,282
110,625
180,337—
399,319
912,937
534,920¥1,617,422¥2,391,792

(4) Securities Held to Maturity Sold during the Fiscal Year
None.
(5) Securities Available for Sale Sold during the Fiscal Year
Millions of Yen (Note 1)
March 31, 2023

March 31, 2024

StocksBonds:
Japanese Government Bonds
Japanese Local Government Bonds
Japanese Short-Term Corporate Bonds
Japanese Corporate Bonds
Other
Foreign Bonds
Total

Proceeds from
Sales

Gain

¥ 14,736
290,792
279,012
9,390
—
2,389
131,61176,259¥437,140¥10,735
397
395
0
—
0
2,177
30
¥13,309

Loss

¥

0
172
171
1
—
—
6,005
4,708
¥6,178Proceeds from
Sales

Gain

¥ 15,116
460,107385,126
53,693—
21,286225,172
146,548¥700,395¥ 8,472
233
228
—
—
4
3,423
292
¥12,128

Loss

¥

0
3,779
2,060
937
—
781
17,564
14,556¥21,343(6) Securities for Which the Holding Purpose Has Changed
None.
(7) Impairment Losses on Securities
Marketable securities available for sale (excluding stocks and others without a market price and investments in limited partnerships) are subject
to write-downs when the market value or reasonably estimated value of these securities (collectively, “fair value”) (in principle, the market price on
the last day of the fiscal year) has declined considerably and it is not probable that the value will recover to the acquisition cost. In such case,any differences between fair value and acquisition cost are recognized as losses for the period. For the current fiscal year, impairment losses
were Corporate bonds; ¥33 million (¥438 million (Stocks; ¥436 million, Corporate bonds; ¥1 million) for the previous fiscal year).
“Considerable decline in fair value” is determined based on the classification of issuers in accordance with the internal standards for self-assessment of assets as follows:
Bankrupt, effectively bankrupt and potentially bankrupt
Fair value is lower than acquisition cost.
Requiring caution
Fair value has declined by 30% or more from acquisition cost.
NormalFair value has declined by 50% or more from acquisition cost, or fair value has declined by more than 30% but less than 50% from acquisition cost and stayed below a certain level.
Bankrupt issuer means one who has entered into bankruptcy, special liquidation proceedings, corporate rehabilitation, civil rehabilitation orsimilar legal proceedings or whose notes have been dishonored and suspended from processing through clearing houses.
Effectively bankrupt issuer means one who is not legally or formally bankrupt but regarded as substantially in a similar condition.
Potentially bankrupt issuer means one who is not legally bankrupt but deemed to have high possibility of becoming bankrupt.
Requiring caution issuer means one who is financially weak and under close monitoring conducted by the Bank.
Normal issuer means one who does not belong to the other categories.

The Chiba Bank Ltd. Integrated Report 2024

22

Notes to Consolidated Financial Statements

34. Money Held in Trust(a) Interest Rate Derivatives
Millions of Yen (Note 1)(1) Money Held in Trust for Trading Purposes

March 31, 2024

None

Notional Principal or Contract AmountTotal(2) Money Held in Trust for Held to Maturity Purposes
None(3) Money Held in Trust for Other Purposes
Thousands of
U.S. Dollars (Note 1)

Millions of Yen (Note 1)

Acquisition Cost
Consolidated Balance Sheet Amount
Valuation Differences
Gains
Losses2024¥10,879
10,903
24
24
—

2023
¥9,279
9,279
—
—
—

2024
$71,851
72,016265
265—

35. Valuation Difference on Available-for-Sale Securities
Thousands of
U.S. Dollars (Note 1)

Millions of Yen (Note 1)

Valuation Difference
Securities Available for Sale
Other Money Held in Trust
Deferred Tax Liabilities (Assets)
Valuation Difference, Net of Taxes
Net Unrealized Gains on Securities
Available for Sale Owned by Subsidiaries,
which is Attributable to the Parent
Valuation Difference on Available-forSale Securities

2024¥228,727
228,70324
69,631¥159,095

2023¥119,868
119,868—
36,658¥ 83,2092024$1,510,653
1,510,488
164
459,890$1,050,763

797

697

5,265

¥159,893¥ 83,907$1,056,028

Listed:Futures:
Sold
BoughtOptions:
Sold
BoughtOver-the-Counter:
FRAs:
Sold
BoughtSwaps:
Receive Fixed / Pay Float
Receive Float / Pay Fixed
Receive Float / Pay Float
Options:
Sold
BoughtOther:
Sold
Bought
Total¥

Over 1 Year

—
—

¥

—
—

Fair Value¥——

Unrealized Gains(Losses)

¥

—
—

—
—

—
—

—
—

—
—

—
—

—
—

—
—

—
—

1,037,477
974,270
192,800

858,978
799,700
161,150(17,514)20,043
81(17,514)20,043
81

860
—

—
—

(2)
—

(2)
—

410
—
—

360
—
—

(5)
—
¥ 2,602(5)—¥ 2,602¥¥(*) The above transactions are valued at fair value and the unrealized gains (losses)
are included in the consolidated statement of income.

Millions of Yen (Note 1)

March 31, 2023
Notional Principal or Contract AmountTotal

36. Derivative Transactions(1) Derivative Transactions to Which Hedge Accounting Is Not
AppliedWith respect to the derivative transactions, contract amount or notional principal, fair value, unrealized gains (losses) and fair value calculation by transaction type as of the consolidated balance sheet
date are as follows. Contract amount or notional principal does notnecessarily represent market risk of the derivative transaction.

Over 1 Year

Listed:Futures:
— ¥
—
Sold
¥
Bought——Options:
Sold——
Bought——Over-the-Counter:
FRAs:
Sold
—
—
Bought——Swaps:
Receive Fixed / Pay Float 1,219,089 1,003,057
Receive Float / Pay Fixed 1,145,682
928,740
Receive Float / Pay Float
134,700
126,800
Options:
Sold
860
860
Bought——Other:
Sold
380
310
Bought
—
—
Total
¥
— ¥
—

Fair Value¥——

Unrealized Gains(Losses)

¥

—
—

—
—

—
—

—
—

—
—

(8,881)
11,712104(8,881)
11,712
104

(4)
—

(4)
—

(3)
—
¥ 2,928(3)—¥ 2,928(*) The above transactions are valued at fair value and the unrealized gains (losses)
are included in the consolidated statement of income.

23

The Chiba Bank Ltd. Integrated Report 2024

(d) Bond Derivatives(b) Currency Derivatives
Millions of Yen (Note 1)

Millions of Yen (Note 1)

March 31, 2024

March 31, 2024

Notional Principal or Contract Amount
Total

Listed:Futures:
Sold
BoughtOptions:
Sold
BoughtOver-the-Counter:
Currency Swaps
Forward Foreign Exchange:
Sold
BoughtCurrency Options:
Sold
BoughtOther:
Sold
Bought
Total¥

Over 1 Year

—
—

¥

—
—

Notional Principal or Contract Amount
Fair Value¥——

Unrealized Gains(Losses)

¥

—
—

—
—

—
—

—
—

—
—

41,592

22,17729

29

83,033
76,696——(2,651)
2,899(2,651)
2,899

659,225
659,225——(59,810)60,428(9,133)
15,406

—
—
—

—
—
—

—
—
894

—
—
¥ 6,549

¥

¥

¥

Total

Listed:Futures:
Sold
BoughtFutures Options:
Sold
BoughtOver-the-Counter:
Options:
Sold
BoughtOther:
Sold
Bought
Total

Over 1 Year

¥—
—

¥(0)
—

¥(0)
—

—
—

—
—

—
—

—
—

—
—

—
—

—
—

—
—

—
—
¥ —

—
—
¥—

—
—
¥(0)

—
—
¥(0)

(*) The above transactions are valued at fair value and the unrealized gains (losses)
are included in the consolidated statement of income.

Millions of Yen (Note 1)

March 31, 2023

are included in the consolidated statement of income.

Notional Principal or Contract Amount
Total

Millions of Yen (Note 1)

March 31, 2023
Notional Principal or Contract Amount

Listed:Futures:
Sold
BoughtOptions:
Sold
BoughtOver-the-Counter:
Currency Swaps
Forward Foreign Exchange:
Sold
BoughtCurrency Options:
Sold
BoughtOther:
Sold
Bought
Total¥¥

Over 1 Year

—
—

¥

—
—

Fair Value¥——

Unrealized Gains(Losses)

¥

—
—

—
—

—
—

—
—

—
—

84,80638,87751

51

74,733
66,577——2,475(2,103)

2,475(2,103)594,609594,609——(47,425)
46,930

4,213
1,149

—
—
—

—
—
—

—
—
(72)

—
—
¥ 5,785¥¥(*) The above transactions are valued at fair value and the unrealized gains (losses)
are included in the consolidated statement of income.

Unrealized Gains(Losses)¥581—(*) The above transactions are valued at fair value and the unrealized gains (losses)

Total

Fair Value

Listed:Futures:
Sold
BoughtFutures Options:
Sold
BoughtOver-the-Counter:
Options:
Sold
BoughtOther:
Sold
Bought
Total

Over 1 Year

Fair Value

Unrealized Gains(Losses)¥14,811
1,035

¥—
—

¥(0)
1

¥(0)
1

—
—

—
—

—
—

—
—

—
—

—
—

—
—

—
—

—
—
—

—
—
¥—

—
—
¥0

—
—
¥0

¥

(*) The above transactions are valued at fair value and the unrealized gains (losses)
are included in the consolidated statement of income.

(e) Commodity Derivatives
None.
(f) Credit Derivatives
None.

(c) Equity Derivatives
None.

The Chiba Bank Ltd. Integrated Report 202424

Notes to Consolidated Financial Statements(2) Derivative Transactions to Which Hedge Accounting Is AppliedWith respect to the derivative transactions, contract amount or notional principal, fair value, unrealized gains (losses) and fair value calculation byhedge accounting method as of the consolidated balance sheet date are as follows. Contract amount or notional principal does not necessarily
represent market risk of the derivative transaction.
(a) Interest Rate Derivatives
Millions of Yen (Note 1)

March 31, 2024
Notional Principal or Contract Amount
Hedged item

Principle Method
Interest Swap

Total

Over 1 Year

Fair Value¥525,900
883,728——¥495,400
801,002——¥—93,258—¥——87,429—¥—Interest-bearing financial assets andliabilities including loans,available-for-sale debt securities,
deposits and negotiable certificates of deposit

Receive Fixed / Pay Float
Receive Float / Pay Fixed
Receive Float / Pay Float
Other
Exceptional Accrual Method
Interest Swap
Receive Fixed / Pay Float
Receive Float / Pay Fixed
Receive Float / Pay Float
Total

749
25,545
—
—

Loans

—

*2

¥26,295(*1) Deferred hedge is primarily applied to the above transactions under the “Treatment for Accounting and Auditing of Application of Accounting Standard for Financial
Instruments in Banking Industry” (JICPA Industry Committee Practical Guidelines No. 24).
(*2) Since derivative transactions qualifying for the exceptional accrual method are treated as a unit of the underlying loans as the hedged items, those fair values are included infair values of such loans in “32. Financial Instruments.”

Millions of Yen (Note 1)

March 31, 2023
Notional Principal or Contract Amount
Hedged item

Principle Method
Interest Swap

Total

Over 1 Year

Fair Value¥ 45,400
806,761——¥ 45,400
706,414——¥—69,751—¥——
55,736—¥—

Interest-bearing financial assets andliabilities including loans,available-for-sale debt securities,
deposits and negotiable certificates of deposit

Receive Fixed / Pay Float
Receive Float / Pay Fixed
Receive Float / Pay Float
Other
Exceptional Accrual Method
Interest Swap
Receive Fixed / Pay Float
Receive Float / Pay Fixed
Receive Float / Pay Float
Total

355
14,025
—
—

Loans

—

*2

¥14,381(*1) Deferred hedge is primarily applied to the above transactions under the “Treatment for Accounting and Auditing of Application of Accounting Standard for Financial
Instruments in Banking Industry” (JICPA Industry Audit Committee Report No. 24).
(*2) Since derivative transactions qualifying for the exceptional accrual method are treated as a unit of the underlying loans as the hedged items, those fair values are included infair values of such loans in “32. Financial Instruments.”

25

The Chiba Bank Ltd. Integrated Report 2024

(b) Currency Derivatives
Method of hedge accounting : Principle method
Millions of Yen (Note 1)

March 31, 2024
Notional Principal or Contract AmountCurrency Swap
Total

Hedged item

Total

Over 1 Year

Fair Value

Foreign currency denominated loans, securities,
deposits and foreign exchanges—¥742,209¥—¥405,131¥—¥(6,704)¥(6,704)(*) Deferred hedge is primarily applied to the above transactions under the “Treatment for Accounting and Auditing Concerning Accounting for Foreign Currency Transactions in
Banking Industry” (JICPA Industry Committee Practical Guidelines No. 25).

Millions of Yen (Note 1)

March 31, 2023
Notional Principal or Contract AmountCurrency Swap
Total

Hedged item

Total

Over 1 Year

Fair Value

Foreign currency denominated loans, securities,
deposits and foreign exchanges—¥484,012—¥¥187,782¥—¥(3,494)¥(3,494)(*) Deferred hedge is primarily applied to the above transactions under the “Treatment for Accounting and Auditing Concerning Accounting for Foreign Currency Transactions in
Banking Industry” (JICPA Industry Audit Committee Report No. 25).

(c) Equity Derivatives
None.
(d) Bond Derivatives
None.

37. Per Share Data
Yen (Note 1)

Net Assets per Share of Common Stock
Profit per Share of Common Stock

U.S. Dollars (Note 1)

2024

2023

¥1,651.46
86.53¥1,464.45
82.52

2024

$10.91
0.57(*) Diluted Net Income per Share of Common Stock for current fiscal year is not shown in the above table, as there are no dilutive shares.

I. Basis on Calculating Net Assets per ShareThousands of
U.S. Dollars (Note 1)

Millions of Yen (Note 1)

Total Net Assets
Less: Subscription Rights to Shares
Consolidated Net Assets Attributable to Common Stock

2024

2023

2024

¥1,181,503—¥1,181,503¥1,061,115—¥1,061,115$7,803,338—$7,803,338

Number of Shares

Number of Shares of Common Stock Used for Calculating Net Assets per Share

2024

2023

715,427,556

724,579,167

II. Basis on Calculating Net Income per ShareThousands of
U.S. Dollars (Note 1)

Millions of Yen (Note 1)

Profit Attributable to Owners of Parent
Not Attributable to Common Stock
Profit Attributable to Owners of Parent for Common Stock

2024

2023

2024

¥62,440—¥62,440¥60,276—¥60,276$412,392—$412,392

Number of Shares

Average Number of Shares of Common Stock (excluding Treasury Shares)

2024

2023

721,598,149

730,404,868

The increase in the number of shares of common stock represents stock options totaling 0 (0 for the previous fiscal year), which are used for calculating diluted profit per share.

The Chiba Bank Ltd. Integrated Report 2024

26

Notes to Consolidated Financial Statements

38. Related Party Transactions
I. Related Party Transactions(1) Transactions between the Bank and Related Parties
Directors of the Bank or major shareholders (individuals only), etc.
For the Fiscal Year Ended March 31, 2024
Party Classification

Name of Company or
IndividualCompany, a majority of whose
voting rights are owned by
the close members of
directors’ respective families

DAIICHI KYOSOCORPORATION

Address

Type ofBusiness

CapitalPercentage ofRelations
Balance at
Type ofAmounts of the AccountVoting Rights Held with Related
the Fiscal
Transaction Transactions Classification Year-End
by the Bank
Party

General civil
Ownership
Kimitsu-shi,engineering anddirectChiba Pref. ¥0 million construction
0.00—

Lending

Averagebalance of¥71 million

Loan¥145 million

For the Fiscal Year Ended March 31, 2023
Party Classification

Name of Company or
IndividualCompany, a majority of whose
voting rights are owned by
the close members of
directors’ respective families

DAIICHI KYOSOCORPORATION

Address

Type ofBusiness

CapitalPercentage ofRelations
Balance at
Type ofAmounts of the AccountVoting Rights Held with Related
the Fiscal
Transaction Transactions Classification Year-End
by the Bank
Party

General civil
Ownership
Kimitsu-shi,engineering anddirectChiba Pref. ¥0 million construction
0.00—

Lending

Averagebalance of¥38 million

Loan¥46 million

The terms of transactions and policies of determining the terms are similar to general cases.
(2) Transactions between Subsidiaries of the Bank and Related Parties
None.
II. Notes to the Parent Company or Major Affiliated Companies
None.

39. Cash Dividends Paid
I. Cash Dividends Paid for the Fiscal Year Ended March 31, 2023
Resolution

Annual General Shareholders Meeting,held on June 28, 2022
Board of Directors, held on November 7,
2022

Category of Shares

Total Amounts ofCash Dividends Paid
Millions of Yen (Note 1)

Cash Dividends
per Share
Yen (Note 1)

Common Stock¥9,582

Common Stock¥9,501

Record Date

Effective Date

¥13.00March 31, 2022

June 29, 2022

¥13.00

September 30, 2022

December 5, 2022

Category of Shares

Total Amounts ofCash Dividends Paid
Millions of Yen (Note 1)

Cash Dividends
per Share
Yen (Note 1)

Record Date

Effective Date

Common Stock¥10,868¥15.00March 31, 2023

June 29, 2023

Common Stock¥10,872¥15.00

September 30, 2023

December 5, 2023

II. Cash Dividends Paid for the Fiscal Year Ended March 31, 2024
Resolution

Annual General Shareholders Meeting,held on June 28, 2023
Board of Directors, held on November 9,2023

III. Cash Dividends with the Record Date in the Fiscal Year Ended March 31, 2024 and the Effective Date in the Fiscal Year Ending
March 31, 2025
Resolution

Annual General Shareholders Meeting,held on June 26, 2024

Category of Shares

Common Stock

40. Stock Options
None.

41. Subsequent Events
None.

27

The Chiba Bank Ltd. Integrated Report 2024

Total Amounts ofCash Dividends Paid
Millions of Yen (Note 1)

Source ofDividends

Cash Dividends
per Share
Yen (Note 1)

Record Date

Effective Date

¥12,162

Retained
Earnings¥17.00March 31, 2024

June 27, 2024

Independent Auditor’s Report

The Chiba Bank Ltd. Integrated Report 2024

28

Independent Auditor’s Report

29

The Chiba Bank Ltd. Integrated Report 2024

The Chiba Bank Ltd. Integrated Report 2024

30

31

The Chiba Bank Ltd. Integrated Report 2024

The Chiba Bank Ltd. Integrated Report 2024

32

33

The Chiba Bank Ltd. Integrated Report 2024

Non-Consolidated Balance Sheet (Unaudited)
The Chiba Bank, Ltd.
As of March 31, 2024

Thousands of
U.S. Dollars

Millions of Yen

2023

2024

2024

AssetsCash and Due from Banks
Call Loans
Receivables under Resale Agreements
Receivables under Securities Borrowing Transactions
Monetary Claims Bought
Trading Assets
Money Held in Trust
Securities
Loans and Bills Discounted
Foreign Exchanges
Other Assets
Tangible Fixed Assets
Intangible Fixed Assets
Prepaid Pension Cost
Customers’ Liabilities for Acceptances and Guarantees
Allowance for Loan Losses
Total Assets¥ 4,685,342
391,822—1,950
18,007
26,5192,103
2,876,803
12,768,009
6,084
296,726
116,991
14,37921,88925,345(24,702)¥21,227,274¥ 4,061,582
335,089
17,9995,446
10,982
161,660
2,079
2,554,340
12,153,618
5,375
228,007
117,499
13,97619,00929,727(25,819)¥19,690,575$ 30,944,735
2,587,824—
12,885
118,933
175,148
13,89519,000,087
84,327,384
40,1891,959,755
772,682
94,974
144,573
167,396(163,150)$ 140,197,309

Liabilities
Deposits
Call Money
Payables under Repurchase Agreements
Payables under Securities Lending Transactions
Trading Liabilities
Borrowed Money
Foreign Exchanges
Bonds Payable
Borrowed money from Trust Account
Other Liabilities
Provisions for Reimbursement of Deposits
Provisions for Point Loyalty Programs
Deferred Tax Liabilities
Deferred Tax Liabilities for Land Revaluation
Acceptances and Guarantees
Total Liabilities¥16,391,141
1,499,383
44,481
203,429
21,4501,505,734
1,171
120,792
15,564247,446
637
732
51,428
10,401
25,345¥20,139,139¥15,979,239
810,859
17,160337,074
18,6181,194,268
724
110,038
13,439166,448910
502
18,834
10,402
29,727¥18,708,250$ 108,256,662
9,902,800
293,779
1,343,568
141,671
9,944,747
7,738
797,783
102,798
1,634,278
4,210
4,835
339,664
68,700167,396$ 133,010,631

¥

¥

$

Net Assets
Capital Stock
Capital Surplus
Retained Earnings
Legal Retained Earnings
Other Retained Earnings
Treasury Shares
Total Shareholders’ Equity
Valuation Difference on Available-for-Sale Securities
Deferred Gains or Losses on Hedges
Revaluation Reserve for Land
Total Valuation and Translation Adjustments
Total Net Assets
Total Liabilities and Net Assets

145,069
122,185
725,618
50,930674,688(72,800)
920,072
141,853
16,2799,929
168,062¥ 1,088,134¥21,227,274

145,069
122,146
686,795
50,930635,865(62,943)
891,067
70,926
10,408
9,921
91,257¥ 982,325¥19,690,575

958,121806,981
4,792,408
336,373
4,456,035(480,817)
6,076,693
936,883
107,52165,5801,109,984$ 7,186,677$ 140,197,309

Japanese yen amounts are presented in millions of yen by rounding down figures below one million. As a result, the totals in Japanese yen in the non-consolidated financial
statements do not necessarily agree with the sums of individual amounts.
U.S. dollar amounts are shown solely for the convenience of the readers of this Integrated Report and are translated at the rate of ¥151.41 to $1.00, the exchange rate prevailing at
March 31, 2024.

The Chiba Bank Ltd. Integrated Report 202434

Non-Consolidated Statement of Income (Unaudited)
The Chiba Bank, Ltd.
For the year ended March 31, 2024

Thousands of
U.S. Dollars

Millions of Yen

IncomeInterest Income:Interest on Loans and Discounts
Interest and Dividends on Securities
Other Interest Income
Trust Fees
Fees and Commissions
Trading Income
Other Ordinary Income
Other Income
Total Income
Expenses
Interest Expenses:
Interest on Deposits
Interest on Borrowings and Rediscounts
Other Interest Expenses
Fees and Commissions Payments
Other Ordinary Expenses
General and Administrative Expenses
Other Expenses
Total Expenses
Profit before Income Taxes
Income Taxes—Current
Income Taxes—Deferred
Profit

2024

2023

2024

¥140,522
53,1028,921
9353,4781,128
7,228
13,311¥277,787¥119,557
47,9055,930
122
48,9701,353
7,627
13,927¥245,394$ 928,093
350,71958,922
619
353,201
7,454
47,74387,918$1,834,670¥ 29,150
3,373
33,34923,5216,870
85,754
9,984¥192,004
85,78325,858(646)¥ 60,571¥ 12,943
1,187
18,881
20,45922,44882,123
5,989¥164,033
81,361
18,897
4,336¥ 58,127$ 192,524
22,278220,260
155,352
45,380566,371
65,944$1,268,108
566,561
170,785(4,270)$ 400,046

Japanese yen amounts are presented in millions of yen by rounding down figures below one million. As a result, the totals in Japanese yen in the non-consolidated financial
statements do not necessarily agree with the sums of individual amounts.
U.S. dollar amounts are shown solely for the convenience of the readers of this Integrated Report and are translated at the rate of ¥151.41 to $1.00, the exchange rate prevailing at
March 31, 2024.

35

The Chiba Bank Ltd. Integrated Report 2024

Supplementary Information (Unaudited)
The Chiba Bank, Ltd. and Consolidated Subsidiaries
As of March 31, 2024

Consolidated Capital Ratio (BIS Guidelines)
Thousands of
U.S. Dollars

Millions of Yen

Common Equity Tier 1 Capital: Instruments and Reserves
Capital Stock and Capital Surplus
Retained Earnings
Treasury Shares
Cash Dividends to be Paid
Accumulated Other Comprehensive Income and Other Disclosed Reserves
Common Equity Tier 1 Capital: Regulatory Adjustments
Total Intangible Assets (Excluding Those Relating to Mortgage Servicing Rights)
Deferred Gains/Losses on Derivatives under Hedge Accounting
Shortfall of Eligible Provisions for Expected Losses
Gains/losses due to changes in own credit risk on fair value liabilities
Net Defined Benefit Asset
Investments in Own Shares (Excluding Those Reported in the Net Assets Section)
Total Common Equity Tier 1 Capital2024¥1,169,341
267,254796,20972,80012,162
190,840
48,838
10,163(1,193)
18,257706
20,86835¥1,120,502

2023¥1,050,247
267,215755,51762,943
10,868101,326
46,306
9,878
853
22,298228
12,939107¥1,003,940

2024$ 7,723,012
1,765,103
5,258,630
480,81780,3271,260,423
322,557
67,124(7,881)
120,584
4,668
137,826235$ 7,400,455

Additional Tier 1 Capital: Instruments
Additional Tier 1 Capital: Regulatory Adjustments
Total Additional Tier 1 Capital
Total Tier 1 Capital———¥1,120,502———¥1,003,940———$ 7,400,455

Tier 2 Capital: Instruments and Provisions
Directly Issued Qualifying Tier 2 Instruments plus Related Capital Surplusof which: Classified as Liabilities under Applicable AccountingStandards
General Allowance for Loan Losses and Eligible Provisions
Tier 2 Capital: Regulatory Adjustments
Total Tier 2 Capital
Total Capital

¥

¥

$

Risk-Weighted Assets:
Total Risk-Weighted Assets
Total Required Capital
Capital Ratios:
Common Equity Tier 1 Capital Ratio
Tier 1Capital Ratio
Total Capital Ratio

2,499

8,570

16,510

2,479
20
—
2,499
¥
¥1,123,002

8,489
80
—
¥
8,570
¥1,012,510

16,376134—$
16,510$ 7,416,965¥6,912,985¥ 553,038¥8,698,680¥ 695,894$45,657,388$ 3,652,591

16.20%
16.20%
16.24%

11.54%
11.54%
11.63%

16.20%
16.20%
16.24%

Japanese yen amounts are presented in millions of yen while rounding down figures below one million. As a result, Japanese yen totals presented in the supplementary information
may not necessarily add up to the sums of individual amounts.
U.S. dollar amounts are shown solely for the convenience of readers of this Integrated Report and are translated at the rate of ¥151.41 to $1.00, the exchange rate prevailing at
March 31, 2024.
The following approaches were adopted to calculate Total Risk-Weighted Assets.
Credit Risk: Foundation Internal Ratings-Based Approach
Market Risk: Simplified Standardised Approach
Total Required Capital is calculated by multiplying Total Risk-Weighted Assets by 8%.

The Chiba Bank Ltd. Integrated Report 202436

Consolidated Leverage Ratio

Total Assets Reported in the Consolidated Balance Sheet
Adjustments for Temporary Exemption of Central Bank Reserves (-)
Adjustments for Regular-way Purchases and Sales of Financial Assets
Subject to Trade Date Accounting
Adjustments for Derivative Transactions, etc.
Total Derivative Exposures, etc.
The Accounting Value of the Derivatives Recognised as Assets (-)
Adjustment for Securities Financing Transactions, etc
Total Securities Financing Transaction Exposures, etc
The Accounting Value of the Securities Financing Transactions
Recognised as Assets (-)
Total Off-Balance Sheet Exposures
The Amount of Adjustments to Tier 1 Capital (Specific and General
Provisions) (-)
Other Adjustments
The Amount of Adjustments to Tier 1 Capital (except Specific andGeneral Provisions) (-)
The Amount of Customers’ Liabilities for Acceptances and Guarantees (-)
The Amount of Deductions of Receivables (Out of Those Arising from
Providing Cash Variation Margin) (-)
Total Exposures
On-Balance Sheet Exposures
On-Balance Sheet Exposures before Deducting Adjustments
The Amount of Deductions of Receivables (Out of Those Arising from
Providing Cash Variation Margin) (-)
The Amount of Adjustments to Tier 1 Capital (Specific and General
Provisions) (-)
The Amount of Adjustments to Tier 1 Capital (except Specific andGeneral Provisions) (-)
Total On-Balance Sheet Exposures
Derivative Exposures, etc.
Replacement Cost Multiplied by 1.4 Associated with Derivatives
Transactions, etc.
Potential Future Exposure Multiplied by 1.4 Associated with Derivatives
Transactions, etc.
Total Derivative Exposures, etc.
Securities Financing Transaction Exposures, etc
The Amount of Assets Related to Securities Financing Transaction, etc
Exposures of Counter-Party Credit Risk for Securities Financing
Transactions, etc
Total Securities Financing Transaction Exposures, etc
Off-Balance Sheet Exposures
Notional Amount of Off-Balance Sheet Exposures
The Amount of Adjustments for Conversion in Relation to Off-Balance
Sheet Transactions (-)
Total Off-Balance Sheet Exposures
Tier 1 Capital
Total Exposures
Leverage Ratio

37

The Chiba Bank Ltd. Integrated Report 2024

Millions of Yen

Thousands of
U.S. Dollars

2024¥21,323,895
4,577,430

2024$140,835,451
30,232,023

133
2,635
125,120
122,484
14,60024,353881
17,407826,368
808,961
96,429160,846

9,753
522,181

64,4173,448,791

18,257(114,191)

120,584(754,190)

31,066
27,565205,185
182,060

55,559¥17,153,566

366,945$113,292,162¥16,586,794$109,548,871

55,559366,945

18,257

120,584

31,066¥16,481,910

205,185$108,856,157¥

72,576$479,340¥

52,543
125,120$

347,027
826,368¥9,753$

64,417

14,60024,353$96,429160,846¥¥2,500,105¥

1,977,923
522,181¥1,120,502¥17,153,566
6.53%$ 16,512,153$

13,063,362
3,448,791$ 7,400,455$113,292,162
6.53%

Millions of Yen

2023
On-Balance Sheet Exposures
On-Balance Sheet Exposures before Adjustments
Total Assets Reported in the Consolidated Balance Sheet
The Amount of Assets that Are Deducted from the Total Assets Reported
in the Consolidated Balance Sheet (except Adjustment Items) (-)
The Amount of Adjustments to Tier 1 Capital (-)
Total On-Balance Sheet Exposures
Derivative Exposures, etc
Replacement Cost Multiplied by 1.4 Associated with Derivatives
Transactions, etc
Potential Future Exposure Multiplied by 1.4 Associated with Derivatives
Transactions, etc
The Amount of Deductions of Receivables (Out of Those Arising from
Providing Cash Variation Margin) (-)
Total Derivative Exposures, etc
Securities Financing Transaction Exposures, etc
The Amount of Assets Related to Securities Financing Transaction, etc
Exposures of Counter-Party Credit Risk for Securities Financing
Transactions, etc
Total Securities Financing Transaction Exposures, etc
Off-Balance Sheet Exposures
Notional Amount of Off-Balance Sheet Exposures
The Amount of Adjustments for Conversion in Relation to Off-Balance
Sheet Transactions (-)
Total Off-Balance Sheet Exposures
Tier 1 Capital
Total Exposures
Leverage Ratio¥15,680,254
15,830,772
150,51745,224¥15,635,029¥56,08748,426¥32,277
72,236¥23,446¥

8,968
32,415¥3,418,335¥

2,881,806
536,528¥1,003,940¥16,276,211
6.16%

Japanese yen amounts are presented in millions of yen while rounding down figures below one million. As a result, Japanese yen totals presented in the supplementary information
may not necessarily add up to the sums of individual amounts.
U.S. dollar amounts are shown solely for the convenience of readers of this Integrated Report and are translated at the rate of ¥151.41 to $1.00, the exchange rate prevailing at
March 31, 2024.

The Chiba Bank Ltd. Integrated Report 2024

38

Supplementary Information (Unaudited)

Loans and Bills Discounted, Borrower Classification by Industry (Consolidated)
Millions of Yen (Note 1)

Thousands of
U.S. Dollars (Note 1)

March 31, 2024
Domestic Operations:
Manufacturing
Agriculture and Forestry
Fishery
Mining, Quarrying, and Gravel
Construction
Electricity, Gas, Heat Supply and Water
Information and Communications
Transport and Postal Service
Wholesale and Retail Trade
Finance and Insurance
Real Estate and Leasing
Medical, Welfare, and Other Services
Government and Local Public Sector
Other (Mainly Consumer Loans)
Total
Overseas operations and JOM Account

Outstanding
BalanceComposition

Outstanding
Balance¥807,342
16,674
1,205
16,228
481,718
216,81196,541
316,898
904,610
518,425
3,569,395
780,475
358,9394,214,384¥12,299,650¥ 422,179

6.56%
0.14%
0.01%
0.13%
3.92%
1.76%
0.78%
2.58%
7.35%
4.22%
29.02%
6.35%
2.92%
34.26%
100.00%—$5,332,162
110,125
7,962
107,179
3,181,550
1,431,952
637,613
2,092,980
5,974,573
3,423,987
23,574,371
5,154,716
2,370,646
27,834,254$81,234,070$2,788,320

Millions of Yen (Note 1)

March 31, 2023
Domestic Operations:
Manufacturing
Agriculture and Forestry
Fishery
Mining, Quarrying, and Gravel
Construction
Electricity, Gas, Heat Supply and Water
Information and Communications
Transport and Postal Service
Wholesale and Retail Trade
Finance and Insurance
Real Estate and Leasing
Medical, Welfare, and Other Services
Government and Local Public Sector
Other (Mainly Consumer Loans)
Total
Overseas operations and JOM Account

Outstanding
BalanceComposition¥782,426
17,065
1,404
18,922442,723
195,908
58,553292,901
880,040499,271
3,340,173
753,374
415,565
4,091,817¥11,790,150¥ 316,916

6.64%
0.15%
0.01%
0.16%
3.76%
1.66%
0.50%
2.48%
7.46%
4.23%
28.33%
6.39%
3.52%
34.71%
100.00%—Japanese yen amounts are presented in millions of yen while rounding down figures below one million. As a result, Japanese yen totals presented in the supplementary information
may not necessarily add up to the sums of individual amounts.
U.S. dollar amounts are shown solely for the convenience of readers of this Annual Report and are translated at the rate of ¥151.41 to $1.00, the exchange rate prevailing at March
31, 2024.

39

The Chiba Bank Ltd. Integrated Report 2024