P otential of the Regional Economy
The Juroku Bank Group provides comprehensive financial services in Greater Nagoya, the third largest region after Tokyo and Osaka,primarily covering Gifu and Aichi prefectures. These prefectures have clusters of automotive and other manufacturing companies that
support Japan’s manufacturing, and the Group’s growth is closely related to the region’s growth.
New infrastructures being developed in the region include Tokai-Kanjo (ring) Expressway connecting Gifu, Aichi and Mie prefectures
and a longer-term project, the Linear Chuo Shinkansen (SCMAGLEV), which are expected to have positive impacts on the region’s economy.

Industrial Structure: Region Supporting Japan’s Manufacturing
Gifu and Aichi prefectures are characterized by a large population with a high percentage of people working in manufacturing industries. The value of shipments of products manufactured in these prefectures is among the largest in Japan. They thus support Japan’sindustries and manufacturing.
7.5% of Japan’s population

Shipment value of manufactured products
Gifu Prefecture: approx. ¥6 trillion
Aichi Prefecture: approx. ¥49 trillion

Gifu Prefecture: Approx.1.98 million
Aichi Prefecture: Approx. 7.55 million
Approx. 9.53 million (2020)(In Millions)
15129

Largest in Japan

Share of the two prefectures’
total shipment value in thatof Japan: 16.5%(Aichi alone accounts for14.7%)

7.55

63Gunma

Gifu

NaganoNiigataMiyagi

Kyoto

Hiroshima

IbarakiShizuoka

Fukuoka

Hokkaido

Hyogo

Chiba

Saitama

Aichi

Osaka

Kanagawa

Tokyo01.98

Gifu Prefecture: 27.9%
Aichi Prefecture 37.9% (2017)

Significantly exceeding the nationwide
average of 21.9%
Source: Prefectural Accounts 2017, Cabinet Office

Aichi Prefecture
Gifu Prefecture4030
20100

Source: 2 020 Population Census Results: Preliminary counts of thepopulation and households

High percentage ofmanufacturing sector(Trillions of Yen)
6050

2014

2015

2016

2017

2018

Source: C ensus of Manufacture 2018, Ministryof Economy, Trade and Industry

Gross prefectural productJapan’s largest trading port

Gifu Prefecture: Approx. ¥7.8 trillion
Aichi Prefecture: Approx. ¥40.3 trillion= Approx. ¥48 trillion (2017)

Total amount of exports from the Port of Nagoya
Approx. ¥10,410.0 billion (2020)

Accounts for 8.6% of Japan’s GDP

Largest port in JapanSource: Prefectural Accounts 2017, Cabinet Office

Source: Trade Statistics of Japan, Ministry of Finance

Economic Zone: Expectations of Extensive Economic Impact
The infrastructures being developed are expected to help revitalize the industry and hence the region is expected to enjoy extensive positive impacts.
Tokai-Kanjo Expressway to connect Gifu,Aichi, and Mie prefectures in a circle

Launch of Linear Chuo Shinkansen (SCMAGLEV) [A super mega-region initiative
based on a huge economic zone being created along the SCMAGLEV]

Travel time shortened

NagoyaShinagawaApprox. 40 min.
Approx. 1 hr. 30 min.
Gifu Prefecture station
Shinagawa(Nakatsugawa City)
Approx. 60 min.
Approx. 2 hr. 30 min.

Tokai-Kanjo Expressway would function as a detour routefor Tomei, Meishin, Chuo, Tokai-Hokuriku Expressways
when they are congested or in the event of accidents and as analternate route in the event of a large-scale natural disaster.

Travel time shortened/Access improved
Forming dual networks with the Tokaido Shinkansen bullet
train to provide an alternative route and thereby to prevent
suspension of economic activities in the event of a contingency

Tokai-Kanjo Expressway
Hakata
博多

Gifu

Omiya

Sendai

Iida

大宮仙台

飯田

Okayama
岡山Tokyo
東京

Hiroshima
Nagoya広島

Sannomiya

名古屋三宮

Osaka

中津川

大阪

Aichi
Mie

甲府

60min.
120min.
180min.

Nakatsugawa
Kofu

橋本Hashimoto

Super Mega-region

HakataSendai
Okayama Omiya
仙台
大宮 Tokyo
Hiroshima 岡山
Iida 東京
広島
Nagoya 飯田
中津川 Nakatsugawa
名古屋
Sannomiya 三宮
博多

大阪

Osaka

甲府

Kofu

60min.橋本 Hashimoto
120min.
180min.

240min.

240min.

240 min. or more

240min. or more

2021

After launch of full service

Faster access to cities around JapanThe full launch of the Linear Chuo Shinkansen
service will greatly reduce the travel time tocities along the line and provide faster access tocities around Japan.

Source: P repared by the Bank based on the data on the SCMAGLEV websiteof Central Japan Railway Company

CONTENTS
Financial Highlights (Consolidated)
2 Top Message
16 Non-Performing Loans
17 Contribution to the Regional Economy and Community
19 Board of Directors and Audit & Supervisory Board Members
19 Organization Chart
20 Financial Review
21 Consolidated Balance Sheet

22 Consolidated Statement of Income
22 Consolidated Statement of Comprehensive Income
23 Consolidated Statement of Changes in Equity
24 Consolidated Statement of Cash Flows
25 Notes to Consolidated Financial Statements
45 Independent Auditors’ Report
50 Corporate Data
50 Affiliates
51 Directory1