February 3, 2025
Company Name: Hokuhoku Financial Group, Inc.
Representative: Representative Director, President Hiroshi Nakazawa
Head office address: 1-2-26 Tsutsumicho-dori, Toyama-city, Toyama
(Code number: 8377; Tokyo Stock Exchange Prime Market, Sapporo Securities Exchange) Inquiries: Hironari Hirai, General Manager, Corporate Planning Division (Telephone: +81-76-423-7331)
Notice Concerning Revision to Financial Forecasts
Considering recent business performance trends, we have revised our earnings forecasts of the fiscal year ending March 31, 2025, which were announced on May 10, 2024, as follows.
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1. Revision to consolidated financial forecast for the fiscal year ending March 31, 2025 （April 1, 2024 to March 31, 2025）
(Unit: million yen, yen)
Ordinary | Net income | Basic | |||
attributable to | earnings | ||||
profits | |||||
owners of parent | per share | ||||
Previous forecasts | (A) | 38,000 | 25,000 | 198.21 | |
Revised forecasts | (B) | 46,000 | 35,000 | 278.50 | |
Amount of increase/decrease | (B－A) | 8,000 | 10,000 | ||
Rate of increase/decrease | 21.0% | 40.0％ | |||
（Reference） | |||||
Previous period results | 23,278 | 23,048 | 176.99 | ||
（Fiscal year ended March 31, 2024） | |||||
2．Reason for the revision
We have revised our earnings forecasts considering the fact that our subsidiary banks are expected to see higher than initial forecast interest income due to increases in loans interest and securities interest, as well as the recognition of other ordinary income resulted from gain on bargain purchase relating to the Hokkaido Leasing Co., Ltd., which became our equity method affiliate.
＜Reference＞
Revision to non-consolidated financial forecast for the fiscal year ending March 31, 2025
(Unit: million yen, yen) | ||||||||||
Hokuriku Bank | Hokkaido Bank | |||||||||
Previously | Current | Increase | Previously | Current | Increase | |||||
or | or | |||||||||
announced | forecast | announced | forecast | |||||||
decrease | decrease | |||||||||
Core gross | 705 | 765 | 60 | 540 | 550 | 10 | ||||
business profits | ||||||||||
General and | 430 | 425 | △5 | 390 | 385 | △5 | ||||
administrative expenses | ||||||||||
Core net business profits | 275 | 340 | 65 | 150 | 165 | 15 | ||||
Total credit costs | 40 | 40 | ― | 20 | 50 | 30 | ||||
Ordinary profits | 255 | 300 | 45 | 130 | 130 | ― | ||||
Net income | 165 | 220 | 55 | 95 | 100 | 5 | ||||