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

Summary of Consolidated Financial Results
for the Year Ended March 31, 2021
(Based on Japanese GAAP)May 13, 2021
Company name:

The Chukyo Bank, Limited

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

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

Representative:

President
Managing Executive Officer and General

Hideo Kobayashi

Inquiries:

Manager , General Planning andAdministration Department

Makoto Hayakawa

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

June 25, 2021
June 25, 2021

Scheduled date to commence dividend payments:
Trading accounts:

June 28, 2021
No

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

Yes
Yes

TEL

052-249-1613(for institutional investors and analysts)(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the year ended March 31, 2021 (from April 1, 2020 to March 31, 2021)(1) Consolidated operating results
Ordinary income
Year ended March 31, 2021
Year ended March 31, 2020

Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
owners of parent
Millions of yen% Millions of yen%
3,632
4.0
2,333
0.7
3,489
(17.4)
2,316(33.5)

Millions of yen
31,44630,924%
1.6
1.5

Earnings per share

Diluted earnings pershare

Profit attributable toOrdinary profit/total
owners ofassets
parent/equity
Yen%%
106.792.20.1106.062.10.1

Yen
107.51106.74

Year ended March 31, 2021
Year ended March 31, 2020

Ordinary
profit/ordinary
income%11.5
11.2(2) Consolidated financial position
Total assets
As of March 31, 2021
As of March 31, 2020

Net assets

Equity ratio

Millions of yen
2,107,003
1,976,330

Millions of yen
110,691
99,472

Cash flows fromoperating activities
Millions of yen(71,880)(21,070)

Cash flows frominvesting activities
Millions of yen
91,616
8,876

Net assets per share%
5.2
5.0

Yen
5,083.59
4,574.50(3) Consolidated cash flows

Year ended March 31, 2021
Year ended March 31, 2020

Cash flows from
Cash and cash equivalents
at end of period
financing activities
Millions of yen
Millions of yen(1,303)
91,124(1,713)
72,691

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

Year ended March 31, 2020
Year ended March 31, 2021
Year ending March 31, 2022
(Forecast)of dividends
Total cash
Dividend payout Ratio
to net assets
dividends (Total) ratio (Consolidated) (Consolidated)

TotalYen

Yen

Yen

Yen

Yen

Millions of yen%%

––

20.00
20.00

––20.00
20.00

40.00
40.00

868
867

37.4
37.2

0.8
0.8

–

20.00

–

20.00

40.00

1–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
Profit attributable toOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen%Yen
Six months ending
September 30, 2021
Full year

100(94.0)(1,500)–(69.10)0 (100.0)(2,500)–(115.17)

4. Notes(1) Changes in significant subsidiaries during the year ended March 31, 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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of March 31, 2021

21,745,958 shares As of March 31, 2020

21,745,958 shares

Number of treasury shares at the end of the period
As of March 31, 2021

30,473 shares As of March 31, 2020

65,464 shares

Average number of shares during the period
Year ended March 31, 2021

21,706,615 shares Year ended March 31, 2020

2

21,700,058 shares

Consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2020

As of March 31, 2021

AssetsCash and due from banks

73,83992,026

Securities
Loans and bills discounted

494,005
1,363,747

430,763
1,535,869

Foreign exchanges
Other assets

10,58916,762

15,931
15,288

Tangible fixed assets
Buildings, net

18,804
3,511

18,4193,682

Land
Leased assets, net

14,021739

13,862
465

67
463

5
403

1,918
1,475

1,814
1,367

385
57

337
110

552
688

2,943
387

3,460
(8,038)2,813(9,255)

1,976,330

2,107,003

1,769,790

1,891,435

Negotiable certificates of deposit
Cash collateral received for securities lent

5,310
30,411

5,310–

Borrowed money
Foreign exchanges

37,00099

56,30022

Bonds payable
Other liabilities

5,000
21,3945,000
27,636

Provision for bonuses
Retirement benefit liability

623
203

622
149

Provision for reimbursement of deposits
Provision for contingent loss

389
509

149
492

Deferred tax liabilities
Deferred tax liabilities for land revaluation

118
2,547

3,842
2,537

Acceptances and guarantees

3,460

2,813

1,876,857

1,996,311

Construction in progress
Other tangible fixed assets
Intangible fixed assets
SoftwareLeased assets
Other intangible fixed assets
Retirement benefit asset
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses
Total assets
Liabilities
Deposits

Total liabilities

3

(Millions of yen)
As of March 31, 2020

As of March 31, 2021

Net assets
Share capital
Capital surplus

31,84423,994

31,84423,994Retained earnings
Treasury shares

33,817(169)

35,211(78)

Total shareholders' equity

89,487

90,973

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

6,011
(725)

14,393(650)

Revaluation reserve for landRemeasurements of defined benefit plans

5,357
(953)

5,407
269

Total accumulated other comprehensive income

9,690

19,419295

299

Share acquisition rights
Total net assets
Total liabilities and net assets

499,472

110,691

1,976,330

2,107,003

Consolidated statements of income and consolidated statements of comprehensive income
Consolidated statements of income(Millions of yen)
Fiscal year ended
March 31, 2020
Ordinary income

Fiscal year ended
March 31, 2021

30,924

31,446

19,64812,45518,876
13,344

7,040
42

5,427
65

Other interest income
Fees and commissions

110
5,007

395,399

Other ordinary income
Other income

2,892
3,376

3,598
3,571

1
3,374

0
3,570

27,435
1,344

27,814
996

236
8

229
80

1

Interest on bonds
Other interest expenses

56
1,042

56
701

Fees and commissions payments
Other ordinary expenses

2,034
3,232

2,022
2,958

General and administrative expenses
Other expenses

17,8702,953

17,690
4,145

1,548
1,405

2,678
1,466

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

Recoveries of written off receivables
Other
Ordinary expenses
Interest expenses
Interest on deposits
Interest on negotiable certificates of deposit
Interest expenses on cash collateral received for securities
lent

Provision of allowance for loan losses
Other
Ordinary profit

3,489

3,632

Extraordinary income
Gain on disposal of non-current assets

44307
62

Gain on liquidation of subsidiaries and associates
Extraordinary losses

–
65245
206

1945

20185

Profit before income taxes

3,429

3,733

Income taxes - current
Income taxes - deferred

853
259

1,529(129)

Total income taxes

1,112

1,399

Profit

2,316

2,333

Profit attributable to owners of parent

2,316

2,333

Loss on disposal of non-current assets
Impairment losses

5Consolidated statements of comprehensive income(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 tax
Share of other comprehensive income of entities accounted
for using equity method
Comprehensive income

Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021

2,316
(15,306)

2,333
9,679

(14,181)(401)8,381
74(705)

1,223

(18)

–(12,990)

12,013(12,990)

12,013Comprehensive income attributable toComprehensive income attributable to owners of parent

6

Consolidated statements of changes in equity
Fiscal year ended March 31, 2020
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

Capital surplus

31,844Retained earnings

23,994

Total shareholders'equity

Treasury shares

32,366(139)

88,066

Changes during period
Dividends of surplus

(868)

(868)

Profit attributable to ownersof parent

2,316

2,316

Purchase of treasury shares
Disposal of treasury shares(7)

Reversal of revaluation
reserve for land

9(61)

(61)

31

23
9

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

––

1,450

(30)

1,420

31,84423,99433,817(169)

89,487

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

20,211

Deferred
gains orlosses onhedges(323)

TotalRevaluation
reserve forland

Remeasurements

accumulatedof defined benefit

otherplanscomprehensiveShareacquisitionrightsTotal net
assetsincome

5,367

(248)

25,007242

113,316

Changes during period
Dividends of surplus(868)

Profit attributable to ownersof parent

2,316

Purchase of treasury shares(61)

Disposal of treasury shares

23

Reversal of revaluation
reserve for land9

Net changes in items otherthan shareholders' equity(14,199)(401)

Total changes during period(14,199)(401)

Balance at end of period

6,011

(725)

(9)

(705)

(15,316)

(9)

(705)

5,357

(953)

7

52

(15,263)(15,316)52(13,843)

9,69029599,472

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

Capital surplus

31,844Retained earnings

23,994

Total shareholders'equity

Treasury shares

33,817(169)

89,487

Changes during period
Dividends of surplus

(867)

(867)

Profit attributable to ownersof parent

2,333

2,333

Purchase of treasury shares
Disposal of treasury shares(21)

Reversal of revaluation
reserve for land

(49)

(3)

(3)

94

73
(49)

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

––

1,394

91

1,486

31,84423,99435,211(78)

90,973

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

6,011

Deferred
gains orlosses onhedges
(725)

Total

Revaluation
reserve forland

Remeasurements

accumulatedof defined benefit

otherplanscomprehensive

5,357

(953)

Share
acquisitionrightsTotal net
assetsincome9,690

295

99,472

Changes during period
Dividends of surplus(867)

Profit attributable to ownersof parent

2,333

Purchase of treasury shares(3)

Disposal of treasury shares

73

Reversal of revaluation
reserve for land(49)Net changes in items otherthan shareholders' equity

8,381

74

49

1,223

9,729

3

9,733

Total changes during period

8,381

74

49

1,223

9,729

3

11,219Balance at end of period

14,393

(650)

5,407

269

19,419299

110,6918

Consolidated statements of cash flows(Millions of yen)

Cash flows from operating activities
Profit before income taxes
Depreciation
Impairment losses
Loss (gain) on liquidation of subsidiaries and associates
Share of loss (profit) of entities accounted for using equity

Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021
3,429

3,733

1,620
45

1,412
185

–(245)

methodIncrease (decrease) in allowance for loan losses

(51)

113

711

1,216

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

(21)
(889)

(0)
(734)

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

88(89)

52(240)

Increase (decrease) in provision for contingent loss
Interest income15(19,648)(17)(18,876)

Interest expenses
Loss (gain) related to securities

1,344(2,189)

996(3,399)Foreign exchange losses (gains)
Loss (gain) on disposal of non-current assets

1,073
14(429)(37)(52,204)
3,504(172,122)
121,645

160

–

1,884

19,300(437)

246

30,411(30,411)(3,829)(5,341)

92
318

(77)
1,104

2,376
12,819(1,230)13,357

Net decrease (increase) in loans and bills discounted
Net increase (decrease) in deposits
Net increase (decrease) in negotiable certificates of depositNet increase (decrease) in borrowed money (excludingsubordinated borrowings)
Net decrease (increase) in due from banks (excluding duefrom Bank of Japan)
Net increase (decrease) in cash collateral received forsecurities lent
Net decrease (increase) in foreign exchanges - assets
Net increase (decrease) in foreign exchanges - liabilities
Decrease (increase) in other assets
Increase (decrease) in other liabilities
Interest received
Interest paid

(1,270)(1,000)Subtotal(20,719)(70,801)

Income taxes paid

(1,021)(1,415)

Income taxes refund

670

335

(21,070)(71,880)

Net cash provided by (used in) operating activities

9

(Millions of yen)

Cash flows from investing activities
Purchase of securities

Fiscal year ended

Fiscal year ended

March 31, 2020

March 31, 2021

(125,639)(78,290)

Proceeds from sale of securities
Proceeds from redemption of securities

73,09955,981

81,854
82,342

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

–
6,646

1,746
5,159

Purchase of tangible fixed assets
Proceeds from sale of property, plant and equipment(318)
51(550)155Purchase of intangible assets

(943)

(801)

Net cash provided by (used in) investing activities

8,876

91,616

Payments as financing activities
Dividends paid

(56)
(868)

(56)
(867)

Purchase of treasury shares
Proceeds from sale of treasury shares

(61)
23

(3)
73

Cash flows from financing activities

Repayments of lease obligations

(751)

(448)

Net cash provided by (used in) financing activities(1,713)(1,303)

Effect of exchange rate change on cash and cash equivalents

(46)

0

Net increase (decrease) in cash and cash equivalents(13,953)

18,432

Cash and cash equivalents at beginning of period

86,644

72,691

Cash and cash equivalents at end of period

72,691

91,12410