Consolidated Financial Results for the Year Ended March 31,2025[Japanese GAAP]（PDF: 2.0MB）

Consolidated Financial Results for the Year Ended March 31, 2025

[Japanese GAAP]

May 13, 2025

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

Securities code: 8360

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

Representative: President Yoshiaki Furuya

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

Telephone: +81-55-233-2111

Scheduled date of annual general meeting of shareholders: June 25, 2025 Scheduled date to commence dividend payments: June 26, 2025 Scheduled date to file annual securities report: June 20, 2025

Trading accounts: None

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: Yes (for institutional investors)

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

1. Consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (April 1, 2024 to March 31, 2025)

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

      	Ordinary revenues		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 60,481 56,525	% 6.9 (6.6)	Millions of yen 10,620 7,641	% 38.9 (1.0)	Millions of yen 7,669 5,658	% 35.5 11.7

      (Note) Comprehensive income:	Fiscal year ended March 31, 2025:	¥	(3,045) million	[	-%]
      	Fiscal year ended March 31, 2024:	¥	27,845 million	[	-%]

      	Basic earnings per share	Diluted earnings per share	Rate of return on equity	Ordinary profit to total assets ratio	Ordinary profit to ordinary revenues ratio
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2025	251.43	251.19	3.5	0.2	17.5
      March 31, 2024	185.79	185.55	2.7	0.1	13.5

      (Reference) Equity in earnings (losses) of affiliated companies:	Fiscal year ended March 31, 2025:	¥	- million
      (2) Consolidated Financial Position	Fiscal year ended March 31, 2024:	¥	- million

      	Total assets	Net assets	Capital adequacy ratio	Net assets per share
      As of March 31, 2025 March 31, 2024	Millions of yen 4,527,011 4,366,180	Millions of yen 213,241 218,301	% 4.6 4.9	Yen 6,957.87 7,143.86

      (Reference) Equity: As of March 31, 2025:	¥	212,736 million
      As of March 31, 2024:	¥	217,346 million

      (Note) "Regulatory capital 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 "regulatory capital ratio" is not the regulatory capital ratio provided for in the public notice pertaining to regulatory capital ratio.

      (3) Consolidated Cash Flows

      	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at the end of period
      Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen (14,439) (290,768)	Millions of yen (124,529) 92,619	Millions of yen (1,963) (2,798)	Millions of yen 554,413 695,345

2. Dividends

   	Annual dividends					Total dividends	Payout ratio (consolidated)	Dividends to net assets (consolidated)
   	1st quarter-end	2nd quarter-end	3rd quarter-end	Year-end	Total
   Fiscal year ended March 31, 2024 March 31, 2025	Yen - -	Yen 25.00 32.00	Yen - -	Yen 31.00 44.00	Yen 56.00 76.00	Millions of yen 1,746 2,371	% 30.1 30.2	% 0.7 1.0
   Fiscal year ending March 31, 2026 (Forecast)	-	55.00	-	55.00	110.00		40.0

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.)

* Notes:

1. Significant changes in the scope of consolidation during the period: None

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

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

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

   3. Changes in accounting estimates: None

   4. Restatement: None

3. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares): March 31, 2025: 32,783,000 shares

      March 31, 2024: 32,783,000 shares

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

      March 31, 2025: 2,208,145 shares

      March 31, 2024: 2,358,785 shares

   3. Average number of shares outstanding during the period:

Fiscal Year ended March 31, 2025: 30,504,785 shares

Fiscal Year ended March 31, 2024: 30,456,442 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 (635,000 shares as of March 31, 2025 and 758,700 shares as of March

31, 2024). In the calculation of the average number of shares outstanding during the year, the average number of shares held by the Plan (696,637 shares during the year ended March 31, 2025 and 709,107 shares during the year ended March 31, 2024) is included as the treasury shares to be deducted.

(Reference) Overview of Non-consolidated Financial Results

1. Non-consolidated Financial Results for the Fiscal Year Ended March 31, 2025 (April 1, 2024 to March 31, 2025)

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

      	Ordinary revenues		Ordinary profit		Net income
      Fiscal year ended March 31, 2025 March 31, 2024	Millions of yen 54,132 50,850	% 6.4 (7.9)	Millions of yen 9,785 7,067	% 38.4 4.4	Millions of yen 7,199 5,611	% 28.3 23.8

      	Basic earnings per share	Diluted earnings per share
      Fiscal year ended	Yen	Yen
      March 31, 2025	236.02	235.79
      March 31, 2024	184.25	184.01

   2. Non-consolidated Financial Position

   	Total assets	Net assets	Capital adequacy ratio	Net assets per share
   As of March 31, 2025 March 31, 2024	Millions of yen 4,506,110 4,352,417	Millions of yen 194,716 203,129	% 4.3 4.6	Yen 6,366.93 6,674.76

   (Reference) Equity: As of March 31, 2025:	¥	194,668 million
   As of March 31, 2024:	¥	203,074 million

   (Note) "Regulatory capital 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 "regulatory capital ratio" is not the regulatory capital ratio provided for in the public notice pertaining to regulatory capital ratio.

2. Non-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.)

   	Ordinary profit		Net income		Basic earnings per share
   	Millions of yen	%	Millions of yen	%	Yen
   Six months ending September 30, 2025	6,000	44.7	4,200	38.0	137.36
   Full year	11,900	21.6	8,200	13.8	268.19

   * Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

   *Explanation of the appropriate use of financial results forecast and other notes

   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. Please refer to page 2 of the attached document for assumptions underlying the forecast.

   Table of Contents - Attachments

   1. Overview of Operating Results, Etc 2

      1. Overview of Operating Results for the Fiscal Year Under Review 2

      2. Overview of Financial Position for the Fiscal Year Under Review 2

      3. Overview of Cash Flows for the Fiscal Year Under Review 2

      4. Future Outlook 3

   2. Basic Policy on Selection of Accounting Standards 3

   3. Consolidated Financial Statements and Principal Notes 4

      1. Consolidated Balance Sheets 4

      2. Consolidated Statements of Income and Comprehensive Income 6

      3. Consolidated Statements of Changes in Equity 8

      4. Consolidated Statements of Cash Flows 10

      5. Notes on Going Concern Assumption 12

      6. Changes in Accounting Policies 12

      7. Segment Information, Per Share Information, and Significant Subsequent Events 12

   4. Non-Consolidated Financial Statements 14

      1. Non-Consolidated Balance Sheets 14

      2. Non-Consolidated Statements of Income 17

      3. Non-Consolidated Statements of Changes in Equity 19

   5. Reference Information 23

   Financial Results Briefing Materials for FY2024 23

   1. Overview of Operating Results, Etc.

      1. Overview of Operating Results for the Fiscal Year Under Review

         Regarding the consolidated operating results for the fiscal year under review, ordinary income increased by 3,955 million yen year on year to 60,481 million yen, due to increases in interest on loans, interest and dividends on securities, and due from banks, despite a decrease in gains on sales of JGBs and other bonds. Ordinary expenses increased by 976 million yen year on year to 49,860 million yen, primarily due to increases in interest on deposits, operating expenses, and credit costs. As a result, ordinary profit increased by 2,979 million yen year on year to 10,620 million yen. Profit attributable to shareholders of the parent increased by 2,011 million yen year on year to 7,669 million yen.

         The Bank's non-consolidated ordinary income increased by 3,282 million yen year on year to 54,132 million yen, and its ordinary profit increased by 2,718 million yen year on year to 9,785 million yen. The Bank's non-consolidated net income increased by 1,588 million yen year on year to 7,199 million yen, and core net business profit (excluding gain on cancellation of investment trusts) increased by 2,093 million yen year on year to 14,531 million yen.

      2. Overview of Financial Position for the Fiscal Year Under Review

         Deposits decreased by 30.3 billion yen during the fiscal year under review due to a decrease in public and corporate deposits, resulting in a balance of 3,547.3 billion yen at the end of the period, despite an increase in individual deposits.

         In addition, total deposits, including negotiable certificates of deposit, decreased by 13.1 billion yen during the fiscal year under review, resulting in a balance of 3,619.4 billion yen at the end of the period.

         Furthermore, the total balance of JGBs and investment trusts from over-the-counter sales increased by 24.0 billion yen during the fiscal year under review, resulting in a balance of 196.1 billion yen at the end of the period. Loans increased by 235.7 billion yen during the fiscal year under review, mainly due to an increase in loans to

         SMEs and consumer loans, resulting in a balance of 2,748.8 billion yen at the end of the period.

         Securities increased by 100.1 billion yen during the fiscal year under review, mainly due to an increase in JGBs, and the balance at the end of the period was 1,118.7 billion yen.

      3. Overview of Cash Flows for the Fiscal Year Under Review

         1. Cash flow from operating activities

            The Bank recorded a cash outflow of 14.4 billion yen (compared to a cash outflow of 290.7 billion yen in the previous fiscal year), mainly due to a decrease in deposits of 13.1 billion yen and an increase in loans of

            235.7 billion yen, despite increases in payables under securities lending transactions of 131.3 billion yen and in borrowed money of 58.8 billion yen.

         2. Cash flow from investing activities

            The Bank recorded a cash outflow of 124.5 billion yen (compared with a cash inflow of 92.6 billion yen in the previous fiscal year), mainly due to the acquisition of securities totaling 617.8 billion yen, despite the sale and redemption of securities totaling 499.4 billion yen.

         3. Cash flow from financing activities

            The Bank recorded a cash outflow of 1.9 billion yen (compared with a cash outflow of 2.7 billion yen in the previous fiscal year) mainly due to the payment of dividends of 1.9 billion yen.

            As a result, cash and cash equivalents at the end of the fiscal year amounted to 554.4 billion yen (a decrease of 140.9 billion yen year on year).

      4. Future Outlook

         1. Outlook of the financial results for the next fiscal year

            Regarding the outlook of the financial results for the fiscal year ending March 31, 2026, under circumstances where increases in interest on deposits, etc., operating expenses, and credit costs is expected, consolidated ordinary profit is projected to be 12.4 billion yen (up 1.7 billion yen year on year) and profit attributable to shareholders of the parent is projected to be 8.4 billion yen (up 0.7 billion yen year on year), primarily due to increases in interest on loans, interest and dividends on securities, and JGBs and other bond transactions.

            In addition, the Bank expects non-consolidated ordinary profit of 11.9 billion yen (up 2.1 billion yen year on year) and non-consolidated net income of 8.2 billion yen (up 1.0 billion yen year on year)

         2. Basic policy on distribution of profit, and dividends for the fiscal year under review and the next fiscal year

         Based on our basic policy on shareholder returns, the Bank decided to pay an interim dividend of 32 yen per share for the fiscal year under review. Regarding the year-end dividend, the Bank had originally planned to pay 32 yen per share; however, in light of the performance for the fiscal year under review, we have decided to increase the dividend by 12 yen per share, resulting in a total of 44 yen per share. As a result, the annual dividend for the fiscal year under review will be 76 yen per share, with a consolidated payout ratio of 30.22%.

         Regarding the dividend for the next fiscal year (fiscal year ending March 31, 2026), the Bank plans to pay ordinary dividends totaling 110 yen, consisting of 55 yen at the end of the interim period and 55 yen at the end of the fiscal year, based on the new shareholder return policy (dividend payout ratio on profit attributable to shareholders of the parent at 40% as a guideline). For information on the year-end dividends for the fiscal year under review and the new shareholder return policy, please refer to "Notice Concerning Dividends of Surplus (Increased Dividend) and Changes to Shareholder Return Policy" separately released today.

   2. Basic Policy on Selection of Accounting Standards

   The Group applies Japanese generally accepted accounting principles (GAAP).

   The Group intends to respond appropriately to the application of International Financial Reporting Standards (IFRS), taking into consideration various conditions and trends in Japan and overseas.

3. Consolidated Financial Statements and Principal Notes

   1. Consolidated Balance Sheets

      (Millions of yen)

      As of March 31, 2024 As of March 31, 2025

      Assets

      Cash and due from banks 695,774 554,863

      Call loans and bills bought 5,725 206

      Monetary claims bought 24,605 17,190

      Money held in trust 3,628 6,696

      Securities 1,018,579 1,118,735

      Loans and bills discounted 2,513,085 2,748,878

      Foreign exchanges 1,559 2,837

      Other assets 61,593 23,671

      Tangible fixed assets 21,427 21,482

      Buildings, net 7,838 7,465

      Land 11,045 11,067

      Construction in progress 27 310

      Other tangible fixed assets 2,516 2,639

      Intangible fixed assets 3,681 4,272

      Software 2,682 3,706

      Software in progress 733 302

      Other intangible fixed assets 265 263

      Retirement benefit asset 19,943 26,935

      Deferred tax assets 253 4,551

      Customers' liabilities for acceptances and guarantees 7,491 6,609

      Allowance for loan losses (11,167) (9,920)

      Total assets 4,366,180 4,527,011

      Liabilities

      Deposits 3,577,666 3,547,334

      Negotiable certificates of deposit 54,938 72,144

      Cash collateral received for securities lent 14,513 145,897

      Borrowed money 434,692 493,584

      Foreign exchanges 398 168

      Other liabilities 51,393 41,447

      Provision for bonuses 1,844 1,946

      Provision for bonuses for directors (and other officers) 39 50

      Provision for retirement benefits for directors (and other officers)

      6 11

      Provision for reimbursement of deposits 193 156

      Provision for contingent loss 158 131

      Deferred tax liabilities 4,543 4,286

      Acceptances and guarantees 7,491 6,609

      Total liabilities 4,147,878 4,313,769

      (Millions of yen)

      As of March 31, 2024 As of March 31, 2025

      Net assets
      Share capital	15,400	15,400
      Capital surplus	9,893	10,031
      Retained earnings	177,854	183,559
      Treasury shares	(2,897)	(2,722)
      Total shareholders' equity	200,251	206,267
      Valuation difference on available-for-sale securities	11,723	(2,763)
      Deferred gains or losses on hedges	-	291
      Remeasurements of defined benefit plans	5,371	8,940
      Total accumulated other comprehensive income	17,095	6,468
      Share acquisition rights	54	48
      Non-controlling interests	900	457
      Total net assets	218,301	213,241
      Total liabilities and net assets	4,366,180	4,527,011

   2. Consolidated Statements of Income and Comprehensive Income

      Consolidated Statements of Income
      		(Millions of yen)
      	For the fiscal year	For the fiscal year
      	ended March 31, 2024	ended March 31, 2025
      Ordinary income	56,525	60,481
      Interest income	31,154	36,701
      Interest on loans and discounts	21,735	25,094
      Interest and dividends on securities	8,493	9,570
      Interest on call loans and bills bought	132	104
      Interest on deposits with banks	638	1,777
      Other interest income	154	154
      Fees and commissions	11,890	11,937
      Other ordinary income	7,150	5,846
      Other income	6,329	5,995
      Reversal of allowance for loan losses	113	-
      Other	6,216	5,995
      Ordinary expenses	48,883	49,860
      Interest expenses	439	2,941
      Interest on deposits	277	2,284
      Interest on negotiable certificates of deposit	3	82
      Interest on call money and bills sold	(50)	-
      Interest expenses on cash collateral received for securities lent	203	293
      Interest on borrowings and rediscounts	5	207
      Other interest expenses	(0)	74
      Fees and commissions payments	2,597	2,827
      Other ordinary expenses	17,508	14,588
      General and administrative expenses	26,838	27,127
      Other expenses	1,499	2,375
      Provision of allowance for loan losses	-	1,342
      Other	1,499	1,032
      Ordinary profit	7,641	10,620
      Extraordinary income	54	20
      Gain on disposal of non-current assets	54	20
      Extraordinary losses	122	62
      Loss on disposal of non-current assets	98	62
      Impairment losses	23	0
      Profit before income taxes	7,573	10,578
      Income taxes - current	1,830	2,810
      Income taxes - deferred	117	49
      Total income taxes	1,948	2,860
      Profit	5,625	7,717
      Profit (loss) attributable to non-controlling interests	(33)	48
      Profit attributable to owners of parent	5,658	7,669

      Consolidated Statements of Comprehensive Income
      		(Millions of yen)
      	For the fiscal year ended March 31, 2024	For the fiscal year ended March 31, 2025
      Profit	5,625	7,717
      Other comprehensive income	22,219	(10,763)
      Valuation difference on available-for-sale securities	15,772	(14,623)
      Deferred gains or losses on hedges	-	291
      Remeasurements of defined benefit plans, net of tax	6,447	3,568
      Comprehensive income	27,845	(3,045)
      Comprehensive income attributable to

      Comprehensive income attributable to owners of parent

      27,895 (2,956)

      Comprehensive income attributable to non-controlling interests

      (49)

      (88)

   3. Consolidated Statements of Changes in Equity

      For the fiscal year ended March 31, 2024

      (Millions of yen)

      	Shareholders' equity
      	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
      Balance at beginning of period	15,400	8,871	173,753	(2,116)	195,907
      Changes during period
      Dividends of surplus			(1,557)		(1,557)
      Profit attributable to owners of parent			5,658		5,658
      Purchase of treasury shares				(1,011)	(1,011)
      Disposal of treasury shares		16		230	247
      Change in ownership interest of parent due to transactions with non-controlling interests		1,005			1,005
      Net changes in items other than shareholders' equity
      Total changes during period	-	1,022	4,101	(780)	4,343
      Balance at end of period	15,400	9,893	177,854	(2,897)	200,251

      	Accumulated other comprehensive income				Share acquisition rights	Non-controlling interests	Total net assets
      	Valuation difference on available-for-sale securities	Deferred gains or losses on hedges	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
      Balance at beginning of period	(4,065)	-	(1,075)	(5,141)	109	2,387	193,263
      Changes during period
      Dividends of surplus							(1,557)
      Profit attributable to owners of parent							5,658
      Purchase of treasury shares							(1,011)
      Disposal of treasury shares							247
      Change in ownership interest of parent due to transactions with non-controlling interests							1,005
      Net changes in items other than shareholders' equity	15,789		6,447	22,236	(55)	(1,486)	20,694
      Total changes during period	15,789	-	6,447	22,236	(55)	(1,486)	25,037
      Balance at end of period	11,723	-	5,371	17,095	54	900	218,301

      For the fiscal year ended March 31, 2025

      (Millions of yen)

      	Shareholders' equity
      	Share capital	Capital surplus	Retained earnings	Treasury shares	Total shareholders' equity
      Balance at beginning of period	15,400	9,893	177,854	(2,897)	200,251
      Changes during period
      Dividends of surplus			(1,965)		(1,965)
      Profit attributable to owners of parent			7,669		7,669
      Purchase of treasury shares				(1)	(1)
      Disposal of treasury shares		16		175	191
      Change in ownership interest of parent due to transactions with non-controlling interests		121			121
      Net changes in items other than shareholders' equity
      Total changes during period	-	137	5,704	174	6,016
      Balance at end of period	15,400	10,031	183,559	(2,722)	206,267

      	Accumulated other comprehensive income				Share acquisition rights	Non-controlling interests	Total net assets
      	Valuation difference on available-for-sale securities	Deferred gains or losses on hedges	Remeasurements of defined benefit plans	Total accumulated other comprehensive income
      Balance at beginning of period	11,723	-	5,371	17,095	54	900	218,301
      Changes during period
      Dividends of surplus							(1,965)
      Profit attributable to owners of parent							7,669
      Purchase of treasury shares							(1)
      Disposal of treasury shares							191
      Change in ownership interest of parent due to transactions with non-controlling interests							121
      Net changes in items other than shareholders' equity	(14,487)	291	3,568	(10,626)	(6)	(443)	(11,076)
      Total changes during period	(14,487)	291	3,568	(10,626)	(6)	(443)	(5,060)
      Balance at end of period	(2,763)	291	8,940	6,468	48	457	213,241

      （4）Consolidated Statements of Cash Flows
      		(Millions of yen)
      	For the fiscal year ended March 31, 2024	For the fiscal year ended March 31, 2025
      Cash flows from operating activities
      Profit before income taxes	7,573	10,578
      Depreciation	1,973	2,171
      Impairment losses	23	0
      Increase (decrease) in allowance for loan losses	(1,399)	(1,247)
      Increase (decrease) in provision for bonuses	85	102
      Increase (decrease) in provision for bonuses for 12 10 directors (and other officers)

      Decrease (increase) in retirement benefit asset (10,074) (6,992)

      Increase (decrease) in provision for retirement benefits for directors (and other officers)

      (5)

      4

      Net increase (decrease) in borrowed money (23,985) 58,892

Net increase (decrease) in negotiable certificates of deposit

Net decrease (increase) in due from banks (excluding due from Bank of Japan)

Net increase (decrease) in cash collateral received for securities lent

Net increase (decrease) in foreign exchanges -liabilities

7,215 17,206

(80) (20)

(120,671) 131,384

29 (230)

(Millions of yen)

Net cash provided by (used in) financing activities (2,798) (1,963)

Purchase of shares of subsidiaries not resulting in change in scope of consolidation

(429) (232)

1. Notes on Going Concern Assumption

   Not applicable.

2. Changes in Accounting Policies

   (Application of the Accounting Standard for Current Income Taxes, etc.)

   The Bank has applied the "Accounting Standard for Current Income Taxes" (ASBJ Statement No. 27, October 28, 2022), etc. from the beginning of the consolidated fiscal year ended March 31, 2025. Accordingly, "income taxes: basic" for the fiscal year under review are recognized in gains/losses, shareholders' equity, and other comprehensive income in accordance with the transactions and other events giving rise to such taxes.

   The change in accounting policies had no impact on the consolidated financial statements.

3. Segment Information, Per Share Information, and Significant Subsequent Events

(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.

(Per share information)

(Note) The basis for calculating net income per share and diluted net income per share is presented as follows.

(Note) The Bank's shares held by an exclusive trust for the Yamanashi Chuo Bank, Ltd. Employees' Stockholdings are recorded as treasury shares included in shareholders' equity. The Bank has included these shares in the treasury shares to be excluded from the calculation of the total number of shares issued and outstanding at the end of the fiscal year and the average number of shares outstanding during the fiscal year for the purpose of calculating net assets per share, net income per share, and diluted net income per share.

The number of such treasury shares at the end of the period deducted in the calculation of net assets per share is 635 thousand shares, and the average number of such treasury shares during the period deducted in the calculation of net income per share and diluted net income per share is 696 thousand shares.

(Significant subsequent events) Not applicable.

1. Non-consolidated Financial Statements

   1. Non-consolidated Balance Sheets

(Millions of yen)

As of March 31, 2024 As of March 31, 2025

(Millions of yen)

As of March 31, 2024 As of March 31, 2025

(Millions of yen)

As of March 31, 2024 As of March 31, 2025

For the fiscal year ended March 31, 2024

(Millions of yen)

For the fiscal year ended March 31, 2025

1. Non-consolidated Statements of Changes in Equity

   For the fiscal year ended March 31, 2024

   (Millions of yen)

   	Shareholders' equity
   	Share capital	Capital surplus			Retained earnings
   		Legal capital surplus	Other capital surplus	Total capital surplus	Legal retained earnings	Other retained earnings
   						Reserve for tax purpose reduction entry of non-current assets	Reserve for special account for tax purpose reduction entry of non-current assets	General reserve	Retained earnings brought forward
   Balance at beginning of period	15,400	8,287	-	8,287	9,405	204	-	150,101	7,371
   Changes during period
   Dividends of surplus									(1,557)
   Profit									5,611
   Provision of reserve for tax purpose reduction entry of non-current assets
   Provision of reserve for special account for tax purpose reduction entry of non-current assets							8		(8)
   Reversal of reserve for special account for tax purpose reduction entry of non-current assets
   Provision of general reserve								2,000	(2,000)
   Purchase of treasury shares
   Disposal of treasury shares			16	16
   Net changes in items other than shareholders' equity
   Total changes during period	-	-	16	16	-	-	8	2,000	2,045
   Balance at end of period	15,400	8,287	16	8,303	9,405	204	8	152,101	9,417

   	Shareholders' equity			Valuation and translation adjustments			Share acquisition rights	Total net assets
   	Retained earnings	Treasury shares	Total shareholders' equity	Valuation difference on available-for-sale securities	Deferred gains or losses on hedges	Total valuation and translation adjustments
   	Total retained earnings
   Balance at beginning of period	167,082	(2,116)	188,653	(4,706)	-	(4,706)	109	184,056
   Changes during period
   Dividends of surplus	(1,557)		(1,557)					(1,557)
   Profit	5,611		5,611					5,611
   Provision of reserve for tax purpose reduction entry of non-current assets
   Provision of reserve for special account for tax purpose reduction entry of non-current assets
   Reversal of reserve for special account for tax purpose reduction entry of non-current assets
   Provision of general reserve
   Purchase of treasury shares		(1,011)	(1,011)					(1,011)
   Disposal of treasury shares		230	247					247
   Net changes in items other than shareholders' equity				15,837		15,837	(55)	15,782
   Total changes during period	4,054	(780)	3,290	15,837	-	15,837	(55)	19,072
   Balance at end of period	171,136	(2,897)	191,943	11,131	-	11,131	54	203,129

   For the fiscal year ended March 31, 2025

   (Millions of yen)

   	Shareholders' equity
   	Share capital	Capital surplus			Retained earnings
   		Legal capital surplus	Other capital surplus	Total capital surplus	Legal retained earnings	Other retained earnings
   						Reserve for tax purpose reduction entry of non-current assets	Reserve for special account for tax purpose reduction entry of non-current assets	General reserve	Retained earnings brought forward
   Balance at beginning of period	15,400	8,287	16	8,303	9,405	204	8	152,101	9,417
   Changes during period
   Dividends of surplus									(1,965)
   Profit									7,199
   Provision of reserve for tax purpose reduction entry of non-current assets						6			(6)
   Provision of reserve for special account for tax purpose reduction entry of non-current assets
   Reversal of reserve for special account for tax purpose reduction entry of non-current assets							(8)		8
   Provision of general reserve								4,000	(4,000)
   Purchase of treasury shares
   Disposal of treasury shares			16	16
   Net changes in items other than shareholders' equity
   Total changes during period	-	-	16	16	-	6	(8)	4,000	1,237
   Balance at end of period	15,400	8,287	32	8,320	9,405	210	-	156,101	10,654

   	Shareholders' equity			Valuation and translation adjustments			Share acquisition rights	Total net assets
   	Retained earnings	Treasury shares	Total shareholders' equity	Valuation difference on available-for-sale securities	Deferred gains or losses on hedges	Total valuation and translation adjustments
   	Total retained earnings
   Balance at beginning of period	171,136	(2,897)	191,943	11,131	-	11,131	54	203,129
   Changes during period
   Dividends of surplus	(1,965)		(1,965)					(1,965)
   Profit	7,199		7,199					7,199
   Provision of reserve for tax purpose reduction entry of non-current assets
   Provision of reserve for special account for tax purpose reduction entry of non-current assets
   Reversal of reserve for special account for tax purpose reduction entry of non-current assets
   Provision of general reserve
   Purchase of treasury shares		(1)	(1)					(1)
   Disposal of treasury shares		175	191					191
   Net changes in items other than shareholders' equity				(14,122)	291	(13,831)	(6)	(13,837)
   Total changes during period	5,234	174	5,424	(14,122)	291	(13,831)	(6)	(8,412)
   Balance at end of period	176,371	(2,722)	197,368	(2,991)	291	(2,699)	48	194,716

   Financial Results Briefing Materials

   for FY2024

The Yamanashi Chuo Bank, Ltd.

Contents

mandatory disclosure of bad debt under the

[Non-consolidated / Consolidated] ･････････ 13

I. Key Points of Financial Results for FY2024

1. Profit and loss [Non-consolidated]

Ordinary income increased by 3,282 million yen year on year to 54,132 million yen, due to increases in interest on loans, interest and dividends on securities, and due from banks, despite a decrease in gains on the sale of JGBs and other bonds.

Ordinary profit increased by 2,718 million yen year on year to 9,785 million yen, due to an increase of 564 million yen year on year in ordinary expenses, resulting mainly from increases in interest on deposits, etc., expenses, and credit costs.

Net income increased by 1,588 million yen year on year to 7,199 million yen.

(百万円)

2. Deposits, loans, securities, etc. [Non-consolidated, ending balance]

(1) Deposits, etc.

Deposits decreased by 31.3 billion yen year on year to 3,548.9 billion yen, due to a decrease in public and corporate deposits, despite an increase in personal deposits.

Negotiable certificates of deposit increased by 18.5 billion yen year on year to 79.9 billion yen. Total balance of JGBs and investment trusts from over-the-counter sales increased by 24.0 billion yen year on year to 196.1 billion yen.

(100 million yen)

1. Loans

   Loans increased by 239.7 billion yen year on year to 2,760.0 billion yen, mainly due to an increase in loans to SMEs and consumer loans.

   Of which, loans to SMEs increased by 123.1 billion yen year on year to 1,650.6 billion yen. Consumer loans increased by 43.5 billion yen year on year to 534.7 billion yen.

   (100 million yen)

   			As of March 31, 2025		As of March 31, 2024
   				Change from March 31, 2024
   Total of loans			27,600	2,397	25,203
   	To SMEs		16,506	1,231	15,274
   		Consumer loans	5,347	435	4,911

2. Securities

Securities increased by 100.8 billion yen year on year to 1,119.9 billion yen, mainly due to an increase in JGBs.

Gains (losses) on valuation of available-for-sale securities decreased by 20.3 billion yen year on year to (4.8) billion yen.

(100 million yen)

Gains (losses) on valuation of available-for-sale securities (100 million yen)