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

Summary of Consolidated Financial Results
for the Six Months Ended September 30, 2021
(Based on Japanese GAAP)
November 11, 2021
Company name:
The Chukyo Bank, Limited
Stock exchange listing: Tokyo, Nagoya
Stock code:
Representative:

8530
President

URL

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

Inquiries:

Managing Executive Officer and GeneralManager , General Planning and

Makoto Hayakawa

Administration Department
Scheduled date to file Quarterly Securities Report:

November 16, 2021

Scheduled date to commence dividend payments:
Trading accounts:

December 6, 2021
No

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

Yes
No

TEL

052-249-1613(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2021 (from April 1, 2021 to September 30, 2021)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen%
Six months ended September 30, 2021
15,894(8.1)
2,190
31.6
457 (43.8)
Six months ended September 30, 2020
17,285
11.1
1,664 (22.7)
812 (37.2)
Earnings per share

Diluted earnings per share

Yen
21.04
37.45

Six months ended September 30, 2021
Six months ended September 30, 2020

Yen
20.92
37.21(2) Consolidated financial position
Total assets
As of September 30, 2021
As of March 31, 2021

Net assets

Millions of yen
2,352,134
2,107,003

Equity ratio

Millions of yen
111,812110,691%
4.7
5.2

2. Cash dividends
Annual dividends per share

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

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen
20.00
20.00

Yen–

Yen
20.00

Yen
40.00

–

20.00

40.00

Year ending March 31, 2022 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2022 (from April 1, 2021 to March 31, 2022)
Percentages indicate year-on-year changes

Full year

Profit attributable toOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen%
Yen
3,800
4.6
1,900 (18.6)
87.35

1

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2021
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

Yes
No

Changes in accounting estimates:
Restatement of prior period financial statements:

YesNo(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2021

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

21,745,958 shares

Number of treasury shares at the end of the period
As of September 30, 2021

4,519 shares As of March 31, 2021

30,473 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2021

21,751,233 shares Six months ended September 30, 2020

221,697,425 shares

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

As of September 30, 2021

AssetsCash and due from banks

92,026

371,439

Securities
Loans and bills discounted

430,763
1,535,869

421,190
1,521,034

Foreign exchanges
Other assets

15,931
15,288

8,304
15,378

Tangible fixed assets
Intangible fixed assets18,419
1,814

18,391
1,719

Retirement benefit asset
Deferred tax assets

2,943
387

3,210
352

Customers' liabilities for acceptances and guarantees
Allowance for loan losses

2,813(9,255)2,650(11,535)

2,107,003

2,352,134

1,891,435

1,903,145

Negotiable certificates of deposit
Cash collateral received for securities lent

5,310
–

5,310
112,958

Borrowed money
Foreign exchanges

56,30022

182,900
61

Bonds payable
Other liabilities

5,000
27,636

5,000
21,258Provision for bonuses
Retirement benefit liability

622
149

657
127

Provision for reimbursement of deposits
Provision for contingent loss

149
492

139
530

Deferred tax liabilities
Deferred tax liabilities for land revaluation

3,842
2,537

3,252
2,329

Acceptances and guarantees

2,813

2,650

1,996,311

2,240,321

Share capital
Capital surplus

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

35,211(78)

35,644(10)

Total shareholders' equity

90,97391,543

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

14,393(650)

15,391(526)

Revaluation reserve for landRemeasurements of defined benefit plans

5,407
269

4,936
264

Total accumulated other comprehensive income

19,41920,065299

204

Total assets
Liabilities
Deposits

Total liabilities
Net assets

Share acquisition rights
Total net assets
Total liabilities and net assets

3

110,691

111,8122,107,003

2,352,134

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)

Ordinary income
Interest income

Six months ended

Six months ended

September 30, 2020September 30, 2021

17,285
9,622

15,894
9,634

6,515
3,053

6,834
2,712

2,525
2,806

3,050
869

2,331
15,6202,339
13,704

527
119

422
79

Fees and commissions payments
Other ordinary expenses

1,000
2,336

1,028
587

General and administrative expenses
Other expenses

8,997
2,759

8,725
2,940

1,664

2,190

–
3–
2,098

Loss on disposal of non-current assets
Impairment losses

3–

7
1,213

Other–

877

Interest on loans and discounts
Interest and dividends on securities
Fees and commissions
Other ordinary income
Other income
Ordinary expenses
Interest expenses
Interest on deposits

Ordinary profit
Extraordinary income
Extraordinary losses

Profit before income taxes

1,661

92

789

990

Income taxes - deferred

58(1,356)

Total income taxes

848

(365)

Profit812

457

Profit attributable to owners of parent

812

457

Income taxes - current

4Consolidated statements of comprehensive income (cumulative)(Millions of yen)

ProfitOther comprehensive income
Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of taxShare of other comprehensive income of entities accounted
for using equity method
Comprehensive income

Six months ended

Six months ended

September 30, 2020

September 30, 2021

812
2,567

457
1,116

2,734(198)997
12430(5)

1–

3,380

1,574

3,380

1,574

Comprehensive income attributable toComprehensive income attributable to owners of parent5

Consolidated statements of changes in equity
Six months ended September 30, 2020
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

31,844Retained earnings

23,994Total shareholders'equityTreasury shares

33,817(169)

89,487

Changes during period
Dividends of surplus

(433)

(433)

Profit attributable to owners ofparent

812

812

Purchase of treasury shares
Disposal of treasury shares

(21)

(1)

(1)

94

73

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

–

–

357

92

450

31,84423,994

34,174(76)

89,937

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

6,011

Deferred
gains orlosses onhedges(725)

TotalRevaluation
reserve forland

Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

5,357(953)

ShareacquisitionrightsTotal net
assetsincome9,690

295

99,472

Changes during period
Dividends of surplus(433)

Profit attributable to owners ofparent

812

Purchase of treasury shares(1)

Disposal of treasury shares73

Net changes in items otherthan shareholders' equity

2,735

(198)

–

30

2,567

(34)

2,532

Total changes during period

2,735

(198)

–30

2,567(34)2,983Balance at end of period

8,747(923)

5,357

(923)

12,257

260

102,455

6Six months ended September 30, 2021
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

31,844Retained earnings

23,99435,211

Cumulative effects of changes
in accounting policies

Total shareholders'equity

Treasury shares(78)

90,973(48)

Restated balance

31,84423,99435

35(48)

35,163(78)

90,924

Changes during period
Issuance of new shares

70

Dividends of surplus

(434)

(434)

Profit attributable to owners ofparent457

457Purchase of treasury shares
Disposal of treasury shares(13)

Reversal of revaluation
reserve for land

471

(1)

(1)

68

54471

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

35

35

481

67

618

31,87924,02935,644(10)

91,543

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

14,393

Deferred
gains orlosses onhedges(650)

TotalRevaluation
reserve forland

Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

5,407

269

Share
acquisitionrightsincome19,419299

Cumulative effects of changes
in accounting policies
Restated balance

Total net
assets110,691(48)

14,393

(650)

5,407

269

19,419299

110,643

Changes during period
Issuance of new shares

70

Dividends of surplus(434)

Profit attributable to owners ofparent

457

Purchase of treasury shares(1)

Disposal of treasury shares

54

Reversal of revaluation
reserve for land471

Net changes in items otherthan shareholders' equity

997

124(471)

(5)

645

(94)

550

Total changes during period

997

124(471)

(5)

645

(94)

1,169

Balance at end of period

15,391(526)

4,936

264

20,065

204

111,8127

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Other extraordinary loss (income)
Share of loss (profit) of entities accounted for using equity

Six months ended

Six months ended

September 30, 2020

September 30, 2021

1,661

92

709
–

578
1,213–

877

methodIncrease (decrease) in allowance for loan losses

103

–

1,332

2,280Increase (decrease) in provision for bonuses
Decrease (increase) in retirement benefit asset

32(423)34(274)

Increase (decrease) in retirement benefit liability
Increase (decrease) in provision for reimbursement of deposits

19(58)(21)(10)

Increase (decrease) in provision for contingent loss
Interest income(23)(9,622)37(9,634)Interest expenses
Loss (gain) related to securities

527(2,579)422(2,393)

Foreign exchange losses (gains)
Loss (gain) on disposal of non-current assets

1,258
3(367)
7

Net decrease (increase) in loans and bills discounted
Net increase (decrease) in deposits(146,219)
122,246

14,835
11,709Net increase (decrease) in borrowed money (excludingsubordinated borrowings)

20,600126,600

1926

Net increase (decrease) in cash collateral received for
securities lent

(30,411)

112,958

Net decrease (increase) in foreign exchanges - assets
Net increase (decrease) in foreign exchanges - liabilities

1,472
(95)

7,627
38

197
336(60)580

6,547(535)

6,901
(426)

(32,901)

273,634(533)
335(1,029)61(33,099)

272,667(41,701)(28,906)

Proceeds from sale of securities
Proceeds from redemption of securities

51,342
68,728

16,64318,729Proceeds from fund management as investing activities
Purchase of tangible fixed assets

2,970(303)2,442(1,229)Proceeds from sale of property, plant and equipment
Purchase of intangible assets

30(301)–(299)Net cash provided by (used in) investing activities

80,764

7,381

Net decrease (increase) in due from banks (excluding duefrom Bank of Japan)

Decrease (increase) in other assets
Increase (decrease) in other liabilities
Interest received
Interest paid
Subtotal
Income taxes paid
Income taxes refund
Net cash provided by (used in) operating activities
Cash flows from investing activities
Purchase of securities

8(Millions of yen)Six months ended

Six months ended

September 30, 2020

September 30, 2021

Cash flows from financing activities
Payments as financing activities

(28)

(28)

Dividends paid
Purchase of treasury shares

(433)
(1)

(434)
(1)

Proceeds from sale of treasury shares
Repayments of lease obligations

73(231)54(154)

Net cash provided by (used in) financing activities

(622)

(563)

Effect of exchange rate change on cash and cash equivalents

(46)

(45)

Net increase (decrease) in cash and cash equivalents

46,996

279,439

Cash and cash equivalents at beginning of period

72,691

91,124

Cash and cash equivalents at end of period

119,688

370,5649