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 Three Months Ended June 30, 2021

(Based on Japanese GAAP)

August 6, 2021

Company name:

The Chiba Kogyo Bank, Ltd.

Stock exchange listing:

Tokyo

Stock code:

8337

URL https://www.chibakogyo-bank.co.jp/

Representative:

President (CEO) Managing Executive Officer Hitoshi Umeda

Inquiries:

General Manager of Management Planning

Hiroshi Tanaka

TEL 043-243-2111

Division

Scheduled date to file Quarterly Securities Report:

August 10, 2021

Scheduled date to commence dividend payments:

-

Trading accounts:

No

Preparation of supplementary material on quarterly financial results:

Yes

Holding of quarterly financial results meeting:

No

(Amounts less than one million yen are rounded down)

1. Consolidated financial results for the three months ended June 30, 2021 (from April 1, 2021 to June 30, 2021)

(1) Consolidated operating results (cumulative)

Percentages indicate year-on-year changes

Ordinary income

Ordinary profit

Profit attributable to

owners of parent

Millions of yen

%

Millions of yen

%

Millions of yen

%

Three months ended June 30, 2021

12,262

9.6

2,062

121.0

2,307

127.0

Three months ended June 30, 2020

11,185

(13.8)

933

(64.9)

1,016

(51.8)

（Note）Comprehensive income for the three months ended June 30, 2021: ¥4,555million[(18.0％)] ;June 30, 2020: ¥5,561 million[186.7％]

Earnings per share

Diluted earnings per share

Yen

Yen

Three months ended June 30, 2021

38.94

10.11

Three months ended June 30, 2020

17.16

4.21

(2) Consolidated financial position

Total assets

Net assets

Equity ratio

Millions of yen

Millions of yen

%

As of June 30, 2021

3,284,631

185,495

5.5

As of March 31, 2021

3,248,236

182,491

5.5

（Reference）Capital assets as of

June 30, 2021: ¥181,771million; March 31, 2021: ¥178,761million

（Note）"Equity ratio" is calculated by dividing "(Total net assets at end of period - Share acquisition rights at end of period - Non-controlling interests at end of period)" by "Total assets at end of period." Note that this "Equity ratio" is not the equity ratio provided for in the notice of equity ratio.

2. Cash dividends

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

-

0.00

-

3.00

3.00

Year ending March 31, 2022

-

Year ending March 31, 2022 (Forecast)

0.00

-

3.00

3.00

（Note）Revisions of released cash dividend projections: No

（Note）The above-mentioned "Cash dividends" refers to the status of dividends on common shares. For information on the status of dividends on class shares (unlisted) issued by the Bank with different relationship of interest from the common shares, see "Cash dividends on class shares" on page 3.

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

Ordinary profit

Profit attributable to

Earnings per share

owners of parent

Millions of yen

%

Millions of yen

%

Yen

Six months ending

3,400

18.3

2,900

27.5

48.95

September 30, 2021

Full year

7,800

7.9

5,800

21.7

74.67

（Note）Revisions to the forecast most recently announced: No

1

4. Notes

(1)

Changes in significant subsidiaries during the three months ended June 30, 2021

No

(changes in specified subsidiaries resulting in the change in scope of consolidation):

(2)

Application of special accounting methods for preparing quarterly consolidated financial statements:

No

(3)

Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements

Changes in accounting policies due to revisions to accounting standards and other regulations:

Yes

Changes in accounting policies due to other reasons:

No

Changes in accounting estimates:

No

Restatement of prior period financial statements:

No

(4)

Number of issued shares (common shares)

Total number of issued shares at the end of the period (including treasury shares)

As of June 30, 2021

62,222,045

shares

As of March 31, 2021

62,222,045

shares

Number of treasury shares at the end of the period

As of June 30, 2021

2,977,763

shares

As of March 31, 2021

2,977,701

shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)

Three months ended June 30, 2021

59,244,332

shares

Three months ended June 30, 2020

59,212,095

shares

※This quarterly financial results report is not subject to the quarterly review procedures by certified public accountants or an audit corporation.

※Explanation of appropriate use of earnings forecasts and other items warranting special mention

(Caution regarding forward-looking statements and others)

Forward-looking statements in this document, including the earnings forecasts, are based on the information currently available to the Bank and on certain assumptions deemed to be reasonable by the Bank. These statements do not purport that the Bank pledges to achieve such results. Actual results, etc. may differ materially from the forecasts depending on various factors. Some important factors that may have an effect on business performance pertain to domestic and international economic conditions and stock market fluctuations, but factors influencing business performance are not limited to those.

2

「Cash dividends on class shares」

The following provides a breakdown of the dividends per share related to class shares with different relationship of interest from the common shares.

Class 2 Preferred Stock

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

-

-

-

104.00

104.00

Year ended March 31, 2022

-

Year ending March 31, 2022(Forecast)

-

-

104.00

104.00

First Series of Class 6 Preferred Stock

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

-

-

-

550.00

550.00

Year ended March 31, 2022

-

Year ending March 31, 2022(Forecast)

-

-

550.00

550.00

First Series of Class 7 Preferred Stock

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

-

-

-

900.00

900.00

Year ended March 31, 2022

-

Year ending March 31, 2022(Forecast)

-

-

900.00

900.00

Second Series of Class 7 Preferred Stock

Annual dividends per share

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Total

Yen

Yen

Yen

Yen

Yen

Year ended March 31, 2021

-

-

-

7,101.00

7,101.00

Year ended March 31, 2022

-

Year ending March 31, 2022(Forecast)

-

-

9,000.00

9,000.00

3

Quarterly consolidated financial statements

Consolidated balance sheets

(Millions of yen)

科目

As of

As of

(Japanese)

March 31,2021

June 30, 2021

Assets

（資産の部）

Cash and due from banks

現金預け金

359,415

380,672

Monetary claims bought

買入金銭債権

97

97

Trading account securities

商品有価証券

132

131

Securities

有価証券

528,844

529,471

Loans and bills discounted

貸出金

2,295,318

2,307,532

Foreign exchanges

外国為替

3,377

3,092

Other assets

その他資産

39,691

40,894

Tangible fixed assets

有形固定資産

20,186

19,868

Intangible fixed assets

無形固定資産

3,212

3,076

Deferred tax assets

繰延税金資産

505

458

Customers' liabilities for acceptances and

支払承諾見返

6,193

7,937

guarantees

Allowance for loan losses

貸倒引当金

(8,737)

(8,601)

Total assets

資産の部合計

3,248,236

3,284,631

Liabilities

（負債の部）

Deposits

預金

2,768,896

2,857,665

Negotiable certificates of deposit

譲渡性預金

108,500

109,700

Payables under securities lending transactions

債券貸借取引受入担保金

4,638

3,373

Borrowed money

借用金

145,202

87,388

Foreign exchanges

外国為替

43

34

Other liabilities

その他負債

23,741

24,326

Retirement benefit liability

退職給付に係る負債

5,446

5,246

Provision for retirement benefits for directors (and

役員退職慰労引当金

58

30

other officers)

Provision for reimbursement of deposits

睡眠預金払戻損失引当金

295

264

Deferred tax liabilities

繰延税金負債

2,729

3,167

Acceptances and guarantees

支払承諾

6,193

7,937

Total liabilities

負債の部合計

3,065,745

3,099,135

Net assets

（純資産の部）

Share capital

資本金

62,120

62,120

Capital surplus

資本剰余金

16,172

16,172

Retained earnings

利益剰余金

83,613

84,362

Treasury shares

自己株式

(937)

(937)

Total shareholders' equity

株主資本合計

160,969

161,718

Valuation difference on available-for-sale

その他有価証券評価差額金

18,720

20,919

securities

Remeasurements of defined benefit plans

退職給付に係る調整累計額

(928)

(866)

Total accumulated other comprehensive income

その他の包括利益累計額合計

17,792

20,052

Share acquisition rights

新株予約権

94

100

Non-controlling interests

非支配株主持分

3,635

3,623

Total net assets

純資産の部合計

182,491

185,495

Total liabilities and net assets

負債及び純資産の部合計

3,248,236

3,284,631

4

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

Consolidated statements of income (cumulative)

(Millions of yen)

科目

Three months

Three months

ended

ended

(Japanese)

June 30, 2020

June 30, 2021

Ordinary income Interest income

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

Fees and commissions payments Other ordinary expenses

General and administrative expenses Other expenses

Ordinary profit Extraordinary losses

Loss on disposal of non-current assets Impairment losses

Profit before income taxes Income taxes - current Income taxes - deferred Total income taxes Profit

Profit attributable to non-controlling interests

Profit attributable to owners of parent

経常収益

資金運用収益

うち貸出金利息

うち有価証券利息配当金 役務取引等収益

その他業務収益 その他経常収益

経常費用

資金調達費用

うち預金利息 役務取引等費用 その他業務費用 営業経費

その他経常費用 経常利益

特別損失

固定資産処分損 減損損失

税金等調整前四半期純利益 法人税、住民税及び事業税 法人税等調整額

法人税等合計 四半期純利益

非支配株主に帰属する四半期純利益

親会社株主に帰属する四半期純利益

11,185

12,262

6,672

6,943

5,309

5,516

1,294

1,325

1,952

2,583

122

68

2,438

2,667

10,252

10,200

126

96

63

69

1,076

1,118

1

277

6,664

6,686

2,382

2,021

933

2,062

0

69

0

0

-

68

932

1,993

111

117

(251)

(466)

(139)

(349)

1,071

2,342

55

35

1,016

2,307

5

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The Chiba Kogyo Bank Ltd. published this content on 12 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 12 August 2021 05:40:04 UTC.