Consolidated Financial Results for the Three Months Ended June 30,2025[Japanese GAAP]（PDF: 1.1MB）

Consolidated Financial Results

for the Three Months Ended June 30, 2025 [Japanese GAAP]

August 4, 2025

Company name: The Yamanashi Chuo Bank,Ltd. Listing: Tokyo Stock Exchange

Securities code: 8360

URL: https://www.yamanashibank.co.jp/

Representative: Yoshiaki Furuya President

Inquiries: Shigeki Yonaga Managing Executive Officer and General Manager of Corporate Planning Division

Telephone: +81-55-233-2111

Scheduled date to commence dividend payments: -Trading accounts: None

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated Financial Results for the Three Months Ended June 30, 2025 (April 1, 2025 to June 30, 2025)

   1. Consolidated Operating Results (Percentages indicate year-on-year changes.)

      	Ordinary revenues		Ordinary profit		Profit attributable to owners of parent
      Three months ended June 30, 2025 June 30, 2024	Millions of yen 17,987 13,950	% 28.9 (1.4)	Millions of yen 4,723 3,991	% 18.3 15.0	Millions of yen 3,201 3,076	% 4.0 19.6

      (Note) Comprehensive income:	Three months ended June 30, 2025:	¥	10,755 million [	-%]
      	Three months ended June 30, 2024:	¥	(3,647) million [	-%]

      	Basic earnings per share	Diluted earnings per share
      Three months ended	Yen	Yen
      June 30, 2025	104.69	104.59
      June 30, 2024	101.09	100.98

   2. Consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio
   As of June 30, 2025 March 31, 2025	Millions of yen 4,777,054 4,527,011	Millions of yen 222,650 213,241	% 4.6 4.6

   (Reference) Equity: As of June 30, 2025:	¥	222,102 million
   As of March 31, 2025:	¥	212,736 million

   (Note) "Capital adequacy ratio" is calculated by dividing (total net assets at the end of period - share acquisition rights at the end of period - non-controlling interests at the end of period) by the total assets at the end of period.

   This "Capital adequacy ratio" is not the regulatory capital ratio provided for in the public notice pertaining to regulatory capital ratio.

2. Dividends

   	Annual dividends
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended March 31, 2025 Fiscal year ending March 31, 2026	Yen - -	Yen 32.00	Yen -	Yen 44.00	Yen 76.00
   Fiscal year ending March 31, 2026 (Forecast)		55.00	-	55.00	110.00

   (Note) Revision to the forecast for dividends announced most recently: None

3. Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026(April 1, 2025 to March 31, 2026)

(Percentages indicate year-on-year changes.)

(Note) Revision to the financial results forecast announced most recently: None

* Notes:

1. Significant changes in the scope of consolidation during the period: Yes

   Newly included: 1 company (Company name) Yamanashi Regional Design Co., Ltd.

2. Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: None

3. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

4. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): June 30, 2025: 32,783,000 shares

      March 31, 2025: 32,783,000 shares

   2. Number of treasury shares at the end of the period:

      June 30, 2025: 2,184,507 shares

      March 31, 2025: 2,208,145 shares

   3. Average number of shares outstanding during the period:

Three months ended June 30, 2025: 30,580,280 shares

Three months ended June 30, 2024: 30,430,783 shares

*The Bank has introduced a Trust-based Employee Shareholding Incentive Plan (the "Plan"). The number of treasury shares at the end of the period includes shares of the Bank held by the Plan (611,300 shares as of June 30, 2025 and 635,000 shares as of March 31,

2025). In the calculation of the average number of shares outstanding during the year, the average number of shares held by the Plan (629,535 shares during the three months ended June 30, 2025 and 752,246 shares during the three months ended June 30, 2024) is included as the treasury shares to be deducted.

• Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: None

• Proper use of earnings forecasts, and other special matters

Forecasts of financial results described in this document are based on information available to the Bank as of the date of this document's release, and actual results may differ due to changes in the circumstances and other factors.

Table of Contents - Attachments

1. Qualitative Information on Quarterly Financial Results 2

   1. Explanation of Consolidated Operating Results 2

   2. Explanation of Consolidated Financial Position 2

   3. Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information 2

2. Quarterly Consolidated Financial Statements and Principal Notes 3

   1. Quarterly Consolidated Balance Sheets 3

   2. Quarterly Consolidated Statements of Income and Comprehensive Income 4

   3. Notes on Going Concern Assumption 6

   4. Notes in Case of Significant Changes in Shareholders' Equity 6

   5. Notes on Segment Information, Etc 6

   6. Notes to Statements of Cash Flows 6

3. Supplementary Information 7

   1. Profit and Loss (Non-consolidated) 7

   2. Balance of Total Deposits, Loans, Etc. (Non-consolidated) 8

   3. Regulatory Capital Ratio (Domestic Standards) 8

   4. Valuation Difference on Securities with Fair Value (Non-consolidated) 9

   5. Disclosure Based on Categories Under the Financial Reconstruction Law (Non-consolidated) 9

1. Qualitative Information on Quarterly Financial Results

   1. Explanation of Consolidated Operating Results

      During the first three months under review, the Japanese economy followed a moderate recovery trend. While production remained flat due to the slowdown in overseas economies, capital investment stayed firm, and personal consumption also showed signs of recovery, supported by improvements in employment and income conditions.

      In the Yamanashi Prefecture economy, while the number of domestic and international tourists remained strong, personal consumption lacked momentum due to prolonged high prices. Furthermore, amid growing uncertainty about the future outlook due to U.S. trade policies and other factors, some sectors showed signs of weakness in production, and a cautious stance toward capital investment was observed as well. Overall, the recovery trend appeared to have lost momentum.

      Regarding the operating results for the first three months under review, ordinary income increased by 4,036 million yen year on year to 17,987 million yen, due mainly to increases in interest on loans and interest and dividends on securities.

      Ordinary expenses increased by 3,305 million yen year on year to 13,263 million yen, primarily due to increases in interest on deposits and loss on redemption of bonds.

      As a result, ordinary profit increased by 731 million yen year on year to 4,723 million yen. Profit attributable to shareholders of the parent increased by 125 million yen year on year to 3,201 million yen.

   2. Explanation of Consolidated Financial Position

      Regarding changes in key accounts, total deposits, including negotiable certificates of deposit, increased by 196.9 billion yen from March 31, 2025 to 3,816.4 billion yen, mainly due to an increase in public and corporate deposits.

      Loans increased by 30.4 billion yen from March 31, 2025 to 2,779.3 billion yen, mainly due to an increase in loans to SMEs and consumer loans, particularly housing loans.

      Securities increased by 3.7 billion yen from March 31, 2025 to 1,122.4 billion yen.

   3. Explanation of Consolidated Financial Results Forecast and Other Forward-looking Information

   There are no changes to the financial results forecast announced on May 13, 2025.

2. Quarterly Consolidated Financial Statements and Primary Notes

1. Quarterly Consolidated Balance Sheet

   (Millions of yen)

   As of March 31, 2025 As of June 30, 2025

   Assets

   Cash and due from banks 554,863 771,439

   Call loans and bills bought 206 1,810

   Monetary claims bought 17,190 13,803

   Money held in trust 6,696 7,043

   Securities 1,118,735 1,122,473

   Loans and bills discounted 2,748,878 2,779,365

   Foreign exchanges 2,837 1,490

   Other assets 23,671 28,990

   Tangible fixed assets 21,482 21,340

   Intangible fixed assets 4,272 4,059

   Retirement benefit asset 26,935 27,191

   Deferred tax assets 4,551 1,098

   Customers' liabilities for acceptances and guarantees 6,609 6,471

   Allowance for loan losses (9,920) (9,525)

   Total assets 4,527,011 4,777,054

   Liabilities

   Deposits 3,547,334 3,727,187

   Negotiable certificates of deposit 72,144 89,254

   Call money and bills sold - 35,000

   Cash collateral received for securities lent 145,897 152,098

   Borrowed money 493,584 493,414

   Foreign exchanges 168 56

   Other liabilities 41,447 45,329

   Provision for bonuses 1,946 965

   Provision for bonuses for directors (and other officers) 50 16

   Provision for retirement benefits for directors (and other officers)

   11 4

   Provision for reimbursement of deposits 156 156

   Provision for contingent loss 131 130

   Deferred tax liabilities 4,286 4,318

   Acceptances and guarantees 6,609 6,471

   Total liabilities 4,313,769 4,554,404

   Net assets

   Share capital 15,400 15,400

   Capital surplus 10,031 10,031

   Retained earnings 183,559 185,387

   Treasury shares (2,722) (2,696)

   Total shareholders' equity 206,267 208,122

   Valuation difference on available-for-sale securities (2,763) 4,345

   Deferred gains or losses on hedges 291 825

   Remeasurements of defined benefit plans 8,940 8,808

   Total accumulated other comprehensive income 6,468 13,979

   Share acquisition rights 48 48

   Non-controlling interests 457 499

   Total net assets 213,241 222,650

   Total liabilities and net assets 4,527,011 4,777,054

2. Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statement of Comprehensive Income

Comprehensive income attributable to owners of parent

(3,631) 10,713

Comprehensive income attributable to non-controlling interests

(15)

42

1. Notes on Going Concern Assumption

   First Quarter Under Review Not applicable.

2. Notes in Case of Significant Changes in Shareholders' Equity

   First Three Months Under Review Not applicable.

3. Notes on Segment Information, Etc.

   (Segment Information)

   The Group has one reportable segment (banking business), which is not so important as disclosure information, and segment information is omitted in this document.

4. Notes to Statements of Cash Flows

   The quarterly consolidated statements of cash flows for the first three months under review have not been prepared. The depreciation (including amortization of intangible fixed assets excluding goodwill) and the amortization of goodwill for the first three-month period are as follows.

   (Millions of yen)

   	Three months ended June 30, 2024	Three months ended June 30, 2025
   Depreciation	495	562
   Amortization of goodwill	-	-

   ３．Supplementary Information

   Ordinary income increased by 4,093 million yen year on year to 16,728 million yen, mainly due to increases in interest on loans and interest and dividends on securities.

   Ordinary profit increased by 1,064 million yen year on year to 4,992 million yen, due to an increase in ordinary income, despite an increase of 3,029 million yen year on year in ordinary expenses, resulting mainly from increases in interest on deposits and loss on redemption of bonds.

   Net income increased by 455 million yen year on year to 3,574 million yen.

   (Millions of yen)

   1. Profit and loss (Non-consolidated)

      			Three months ended June 30, 2024 (A)	Three months ended June 30, 2025 (B)	Increase (decrease) (B)－(A)	Forecast for the first half ending September 30, 2025
      Ordinary income			12,635	16,728	4,093	-
      Gross business profit (Core gross business profit)			9,004	10,514	1,510
      			9,737	11,247	1,510
      	Interest income		8,222	10,002	1,780
      	Fees and commissions		1,782	1,528	(254)
      	Other operating income		(1,000)	(1,016)	(16)
      		JGBs and other bond transactions	(733)	(732)	1
      Expenses (ex. non-recurring processing)			6,465	6,844	379
      	Personnel		3,664	3,830	166
      	Premises and equipment		2,323	2,479	156
      	Tax		477	535	58
      Net business profit (before general provision to loan loss reserve)			2,538	3,669	1,131
      	Core net business profit		3,272	4,402	1,130	6,500
      	Core net business profit (ex. gain on cancellation of investment trusts)		3,272	4,402	1,130	6,500
      ①General provision to loan loss reserve			-	-	-
      Net business profit			2,538	3,669	1,131
      Non-operating gains (losses)			1,389	1,325	(64)
      	② Disposal of non-performing loans		-	20	20
      	③ Reversal of allowance for loan losses		129	108	(21)
      	④ Reversal of provision for contingent loss		19	-	(19)
      	Stock and other related income		553	463	(90)
      	Othe non-operating gains (losses)		686	773	87
      Ordinary profit			3,928	4,992	1,064	6,000
      Extraordinary income (losses)			14	(15)	(29)
      Profit before income taxes			3,942	4,976	1,034
      Income taxes: basic			537	1,363	826
      Income taxes: deferred			285	38	(247)
      Total income taxes			822	1,401	579
      Net income			3,119	3,574	455	4,200
      Credit costs①＋②－③－④			(149)	(88)	61	1,100

   2. Balance of Total Deposits, Loans, Etc. (Non-consolidated)

      (100 million yen)

      		As of June 30, 2025			As of March 31, 2025	As of June 30, 2024
      			Change from March 31, 2025	Change from June 30, 2024
      Total deposits (including NCD, term-end)		38,254	1,966	976	36,288	37,278
      	Personal deposits	25,698	281	94	25,417	25,604

      (100 million yen)

      				As of June 30, 2025			As of March 31, 2025	As of June 30, 2024
      					Change from March 31, 2025	Change from June 30, 2024
      Loans (term-end)				27,913	313	2,524	27,600	25,389
      	To SMEs			16,759	253	1,520	16,506	15,239
      		Consumer loans		5,470	123	484	5,347	4,986
      			Housing loans	5,305	117	466	5,188	4,839

      (100 million yen)

      	As of June 30, 2025			As of March 31, 2025	As of June 30, 2024
      		Change from March 31, 2025	Change from June 30, 2024
      Balance of investment trust from over-the-counter sales	1,529	107	155	1,422	1,374
      Balance of JGBs from over-the-counter sales	576	38	70	538	506
      Total	2,106	145	226	1,961	1,880

   3. Regulatory capital ratio (Domestic standards)

      Consolidated (Millions of yen)

      	As of June 30, 2025			As of March 31, 2025	As of June 30, 2024
      		Change from March 31, 2025	Change from June 30, 2024
      Regulatory capital ratio	10.36%	0.15%	0.22%	10.21%	10.14%
      Regulatory capital	200,760	3,056	4,299	197,704	196,461
      Risk-weighted assets, etc.	1,937,316	1,269	426	1,936,047	1,936,890
      Total required capital	77,492	51	17	77,441	77,475

      Non-consolidated (Millions of yen)

      	As of June 30, 2025			As of March 31, 2025	As of June 30, 2024
      		Change from March 31, 2025	Change from June 30, 2024
      Regulatory capital ratio	9.91%	0.22%	0.26%	9.69%	9.65%
      Regulatory capital	190,881	4,476	4,140	186,405	186,741
      Risk-weighted assets, etc.	1,925,063	2,281	(8,995)	1,922,782	1,934,058
      Total required capital	77,002	91	(360)	76,911	77,362

      Notes:"Total required capital" is the risk-weighted assets, etc. multiplied by 4%.

   4. Valuation difference on securities with fair value (Non-consolidated)

      (100 million yen)

      		As of June 30, 2025			As of March 31, 2025	As of June 30, 2024
      			Change from March 31, 2025	Change from June 30, 2024
      Valuation difference on available-for-sale securities		53	101	(7)	(48)	60
      	Stock	451	23	36	428	415
      	Bonds	(339)	24	(111)	(363)	(228)
      	Other	(58)	54	68	(112)	(126)
      	Foreign bonds	0	(1)	1	1	(1)

      (Notes) 1. The "valuation difference" above represents the difference between the book value (after applying the amortized cost method and accounting for impairment losses) and the fair value at the end of each period.

      2．The unrealized gains and losses on held-to-maturity bonds are as follows.

      There were no applicable subsidiary or affiliate shares with fair value.

      (100 million yen)

      	As of June 30, 2025			As of March 31, 2025	As of June 30, 2024
      		Change from March 31, 2025	Change from June 30, 2024
      Unrealized gains and losses on held-to-maturity bonds	(0)	0	0	(0)	(0)

   5. Disclosure based on categories under the Financial Reconstruction Law (Non-consolidated)

(100 million yen; %)

(Notes) The figures above are classified according to the categories of claims prescribed in Article 4 of the Ordinance for Enforcement of the Act on Emergency Measures for the Revitalization of Financial Functions. Although partial charge-offs have not been carried out, the figures assuming such charge-offs are as follows.

(100 million yen; %)