Hokuhoku Financial : Revision of earnings forecast for the six months ended September 30, 2022
November 07, 2022 at 02:32 am EST
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1-2-26Tsutsumicho-dori,Toyama-city, Toyama Pref., 930-8637, Japan
Tel:+81-76-423-7331
Company Name: Hokuhoku Financial Group, Inc.
Name of Representative:Hiroshi Nakazawa
President
Code:8377 (Tokyo Stock Exchange (Prime Market), Sapporo Securities Exchange)
Revision of earnings forecast for the six months ended September 30, 2022
Tokyo November 7, 2022-Hokuhoku Financial Group, Inc. "( Hokuhoku FG") announces the revision of consolidated earnings forecast for the six months ended September 30, 2022, which was released on May 11, 2022.
1.
Revision of earnings forecast (From April 1, 2022 to September 30, 2022)
(In millions of JPY)
Ordinary profits
Net income
Net income per share of
attributable to owners of
common stock (JPY)
the parent
Previous forecast (A)
13,000
7,000
50.30
Revised forecast (B)
14,500
9,300
68.28
Change (B-A)
1,500
2,300
Change (%)
11.5%
32.9%
(reference) Results of the
six months ended
19,087
13,125
94.75
September 30, 2021
2. Reason of revision
Hokuhoku FG revised its consolidated earnings forecast for the six months ended September 30, 2022. Hokuhoku FG expects Ordinary profits and Net income attributable to owners of the parent to be higher than the previous forecasts due mainly to better-than-expected increased core net business profits and gains on stocks of subsidiary banks.
This forecast is made based upon the information available at the date of press release and actual results may differ materially from such estimated figures as a result of various factors.
-End-
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Hokuhoku Financial Group Inc. published this content on 07 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2022 07:31:06 UTC.
Hokuhoku Financial Group Inc is a Japan-based company mainly engaged in the provision of comprehensive financial services centered on the banking business. The Company operates in two business segments including Hokuriku Bank and Hokkaido Bank. The Company provides regional financial group with offices in the three major metropolitan areas of Hokkaido, Hokuriku, and Tokyo, Nagoya, Osaka. The Company primarily offers comprehensive financial service functions that respond to a wide range of needs such as securities business, leasing, credit card, venture capital, software development, servicer business. The Hokuriku Bank segment and Hokkaido Bank segment offer banking business. The Company also provides securities business, leasing business and credit card business.