Hokuhoku Financial : Revision of earnings forecast for the six months ended September 30, 2023
October 30, 2023 at 05:34 am EDT
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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, 2023
Tokyo October 30, 2023-Hokuhoku Financial Group, Inc. ("Hokuhoku FG") announces the revision of consolidated earnings forecast for the six months ended September 30, 2023, which was released on May 10, 2023.
1.
Revision of earnings forecast (From April 1, 2023 to September 30, 2023)
(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)
12,000
7,000
51.87
Revised forecast (B)
14,000
16,000
124.01
Change (B-A)
2,000
9,000
Change (%)
16.6%
128.5%
(reference) Results of the
six months ended
14,545
9,306
68.28
September 30, 2022
2. Reason of revision
Hokuhoku FG revised its consolidated earnings forecast for the six months ended September 30, 2023. 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 profits owing to rise in Net fees & commissions as well as decrease in G&A expenses, Net credit cost and Income taxes 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.
Hokuhoku Financial Group Inc. published this content on 30 October 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 October 2023 09:33:41 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.