Financial Results for the Second Quarter (First Half) of Fiscal Year 2021, ending March 31, 2022

The Chiba Bank, Ltd.

November 8, 2021

The Chiba Bank, Ltd.

Financial Results for the Second Quarter (First Half) of Fiscal Year 2021, ending March 31, 2022

Stock Exchange Listing:	Tokyo (code: 8331)
URL:	https://www.chibabank.co.jp/
Representative:	Tsutomu Yonemoto, President
For Inquiry:	Taro Kanzawa, General Manager, Corporate Planning Division
Filing date of Financial Statements:	November 26, 2021 (scheduled)
Payment date of cash dividends:	December 3, 2021 (scheduled)
Trading Accounts:	Established
Supplementary Materials:	Attached
IR Conference:	Scheduled (for investors)
	(Japanese yen amounts of less than 1 million and the first decimal place have been rounded down.)

1. Financial Highlights (from April 1, 2021 to September 30, 2021)

(1) Consolidated Operating Results				(%: Changes from corresponding period of the previous fiscal year)
								Profit Attributable to
		Ordinary Income		Ordinary Profit		Owners of Parent
		経常収益		経常利益		親会社株主に帰属する
								中間純利益
First half		¥Million		%	¥Million		%	¥Million		%
Ended September 30, 2021		120,520		5.8	45,486		17.7	31,888		17.8
Ended September 30, 2020		113,848		(8.3)	38,619		(3.2)	27,061		(2.9)

Note: Comprehensive Income First half ended September 30, 2021: ¥46,133 million [(25.4)%] First half ended September 30, 2020: ¥61,890 million [108.6%]

Profit per Share	Profit per Share (Diluted)
潜在株式調整後１株当たり
1株当たり中間純利益
中間純利益

First half	¥	¥
Ended September 30, 2021	42.87	42.84
Ended September 30, 2020	36.42	36.37
(2) Consolidated Financial Conditions
		Total Assets	Net Assets	Capital Assets to Total Assets
		総資産	純資産	自己資本比率
First half		¥Million	¥Million	%
Ended September 30, 2021		18,471,662	1,079,292	5.8
Fiscal year 2020		17,898,168	1,041,756	5.8

(Reference) Capital assetsFirst half ended September 30, 2021: ¥1,079,292 millionFiscal year 2020: ¥1,041,128 million Note: "Capital assets to total assets" represents ("Net assets"-"Subscription rights to shares"-"Non-controlling interests")/ "Total assets" at term end.

"Capital assets to total assets" stated above was not calculated based on the public notice of "Capital assets to total assets".

2. Cash Dividends for Shareholders

			Annual cash dividends
			年間配当金
	First Quarter-end	Second Quarter-end	Third Quarter-end		Fiscal Year-end	Total
	第1四半期末	第2四半期末	第3四半期末		期末	合計
	¥	¥	¥		¥	¥
Fiscal year 2020	－	9.00	－		11.00	20.00
Fiscal year 2021	－	11.00
Fiscal year 2021 (Projection)			－		11.00	22.00

Note: Revisions of released cash dividends projections: No

3. Consolidated Earnings Projections for Fiscal year 2021 (from April 1, 2021 to March 31, 2022)

(%: Changes from corresponding period of the previous fiscal year)

				Profit Attributable to
	Ordinary Profit		Owners of Parent		Profit per Share
	経常利益		親会社株主に帰属する	１株当たり当期純利益
				当期純利益
Fiscal year	¥Million		%	¥Million		%	¥
Ending March 31, 2022	75,500		5.1	52,000		4.7	70.19

Note: Revisions of released earnings projections: No

The Bank will acquire its own shares based on a resolution at the Board of Directors' Meeting held on November 8, 2021. The impact of the acquisition was included in "Profit per share" stated above.

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The Chiba Bank, Ltd.

*Notes

1. Material changes in consolidated subsidiaries during the period (changes in specific subsidiaries accompanied by changes in scope of consolidation): No
2. Changes in accounting principles, accounting estimates and restatement:
3. • Changes in accounting principles accordance with changes in accounting standard, etc.: Yes

• Other changes in accounting principles: No
  ③ Changes in accounting estimates: No
  ④ Restatement: No

Note: For information in detail, please refer to "2. Quarterly Consolidated Financial Statements and Notes (5) Change in Accounting Principles" on page 12.

1. Number of Issued Shares (Common Stock)
2. • Number of issued shares (including treasury shares):

September 30, 2021

815,521,087 shares

March 31, 2021

815,521,087 shares

• Number of treasury shares:

September 30, 2021	71,095,385 shares	March 31, 2021	72,602,717 shares
③ Average number of shares:
For the six months ended September 30, 2021	743,791,222 shares
For the six months ended September 30, 2020	742,865,321 shares

(Non-consolidated financial highlights)

1. Financial Highlights (from April 1, 2021 to September 30, 2021)

	(1) Non-consolidated Operating Results		(%: Changes from corresponding period of the previous fiscal year)
		Ordinary Income	Ordinary Profit	Profit
		経常収益		経常利益		中間純利益
	First half	¥Million		%	¥Million		%	¥Million		%
	Ended September 30, 2021	106,417		6.7	45,262		20.7	33,109		20.7
	Ended September 30, 2020	99,709		(10.0)	37,480		(5.5)	27,412		(5.0)
		Profit per Share
		１株当たり中間純利益
	First half			¥
	Ended September 30, 2021			44.51
	Ended September 30, 2020			36.90
	(2) Non-consolidated Financial Conditions
		Total Assets		Net Assets		Capital Assets to Total Assets
		総資産		純資産		自己資本比率
	First half			¥Million			¥Million			%
	Ended September 30, 2021	18,374,250	1,000,273			5.4
	Fiscal year 2020	17,795,820			962,119			5.4

(Reference) Capital assetsFirst half ended September 30, 2021: ¥1,000,273 millionFiscal year 2020: ¥961,491 million

Note: "Capital assets to total assets" represents ("Net assets"-"Subscription rights to shares")/ "Total assets" at term end. "Capital assets to total assets" stated above was not calculated based on the public notice of "Capital assets to total assets".

2. Non-consolidated Earnings Projections for Fiscal year 2021 (from April 1, 2021 to March 31, 2022)

(%: Changes from corresponding period of the previous fiscal year)

	Ordinary Profit		Profit		Profit per Share
	経常利益		当期純利益		1株当たり当期純利益
	¥Million		%	¥Million		%	¥
Fiscal year	69,000		7.4	49,000		7.2	66.14
Ending March 31, 2022

Note: The Bank will acquire its own shares based on a resolution at the Board of Directors' Meeting held on November 8, 2021. The impact of the acquisition was included in "Profit per share" stated above.

Statement relating to the status of the interim audit procedures

This interim report is not subject to the interim audit procedures, which are based on the Financial Instruments and Exchange Law. The interim audit procedures are not finished at the time of release of these interim financial statements.

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The Chiba Bank, Ltd.

Explanation for proper use of projections and other notes

1. Chiba Bank falls under the category of "Specified Business Corporation" under Article 17-15-2 of the Cabinet Office Ordinance Concerning Disclosure of Public Companies; accordingly, it has prepared its interim consolidated financial statements and interim non-consolidated financial statements for the six months ended September 30, 2021.
2. For information related to the projections, please refer to "1.Qualitative Information related to the Interim Financial Results (3)Qualitative Information related to the Earnings Projections" on page 5.

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	The Chiba Bank, Ltd.
	Table of Contents
1.	Qualitative Information related to the Interim Financial Results.............................................................	5
	(1) Qualitative Information related to the Consolidated Operating Results ........................................................	5
	(2) Qualitative Information related to the Consolidated Financial Conditions ...................................................	5
	(3) Qualitative Information related to the Earnings Projections..........................................................................	5
2.	Consolidated Interim Financial Statements ...............................................................................................	6
	(1) Consolidated Interim Balance Sheet ...............................................................................................................	6
	(2) Consolidated Interim Statement of Income and Consolidated Interim Statement of Comprehensive Income....................	8
	(3) Consolidated Interim Statement of Changes in Net Assets ...........................................................................	10
	(4) Note for the Assumption of Going Concern ..................................................................................................	12
	(5) Change in Accounting Principles...................................................................................................................	12
	(6) Material Subsequent Events..........................................................................................................................	12
3.	Non-consolidated Interim Financial Statements ......................................................................................	13
	(1) Non-consolidated Interim Balance Sheet ......................................................................................................	13
	(2) Non-consolidated Interim Statement of Income............................................................................................	15
	(3) Non-consolidated Interim Statement of Changes in Net Assets ....................................................................	16
	Supplementary Information

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The Chiba Bank, Ltd.

1. Qualitative Information related to the Interim Financial Results

1. Qualitative Information related to the Consolidated Operating Results

Operating results for the first half of FY 2021 ending March 31, 2022 were as follows.

Ordinary income increased by ¥6,671 million compared with the corresponding period of the previous fiscal year, to ¥120,520 million mainly due to an increase in interest income such as interest and dividends on securities. Ordinary expenses decreased by ¥195 million compared with the corresponding period of the previous fiscal year, to ¥75,034 million mainly due to decrease in interest expenses such as interest on deposits.

As a result, ordinary profit increased by ¥6,867 million compared with the corresponding period of the previous fiscal year, to ¥45,486 million and profit attributable to owners of parent increased by ¥4,826 million compared with the corresponding period of the previous fiscal year, to ¥31,888 million.

1. Qualitative Information related to the Consolidated Financial Conditions

The balance of total assets as of September 30, 2021 increased by ¥573.4 billion from the previous fiscal year-end, to ¥18,471.6 billion. Figures for the Bank's major accounts were as follows.

The balance of deposits as of September 30, 2021 was ¥14,122.5 billion, an increase of ¥34.7 billion mainly in personal deposits from the position as of March 31, 2021. This growth reflects our continuing efforts to provide a full range of financial products and services, as well as activities to encourage customers to make the Chiba Bank their main banking institution for household needs. We also continued to respond positively to the funding demand of customers. As a result, the balance of loans and bills discounted as of September 30, 2021 increased by ¥311.2 billion from the position as of March 31, 2021, to ¥11,477.5 billion. The amount of securities held increased by ¥45.1 billion from the position as of March 31, 2021, to ¥2,446.4 billion.

1. Qualitative Information related to the Earnings Projections

There are no changes in our earnings projections for the fiscal year ending March 31, 2022 released on May 11, 2021.

Note: The above projections are based on information, which is presently available, and assumptions coming from the judgment, assessment, and recognition of facts at this moment. Actual results may differ from those projections depending on various future factors. If the earnings projects require any revisions, it will be promptly announced.

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