November 11, 2024
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 regarding dividends from surplus (interim dividends)
Hokuhoku Financial Group, Inc. (the Company) hereby announces that, at a meeting of the Board of Directors held on November 11, 2024, it has resolved to issue interim dividends from surplus with a record date of September 30, 2024 as follows.
1. Dividends from surplus
(Unit: million yen, yen) | |||
Latest interim dividend | |||
Determined interim | forecast | Interim dividend paid | |
dividend | (Announced on May | for FY 2023 | |
10,2024) | |||
Reference date | September 30,2024 | September 30,2024 | September 30,2023 |
Dividend per share | 22.50 | 20.00 | 00.00 |
Total dividend amount | 2,761 | ― | ― |
Effective date | December 10, 2024 | ― | ― |
Dividend resources | Retained earnings | ― | ― |
2. Reason for the revision
In light of the upward revision of the consolidated earnings forecast for the second quarter of the fiscal year ending March 2025 (cumulative), the Company has decided to increase the interim dividend for the fiscal year ending March 2025 by 2.50 yen per share to 22.50 yen.
As a result, the annual dividend forecast is expected to be 42.50 yen per share, an increase of 2.50 yen from the previous forecast and the previous period's actual results.
The Company is committed to shareholder returns with a target total payout ratio of 50%, including redemption and dividends of preferred shares. While the year-end dividend forecast for the fiscal year ending March 2025 remains unchanged from the previous forecast, the Company will continue to consider shareholder returns flexibly, taking into consideration business performance of FY 2024 (full-year) and other factors.
(Reference)
(Unit: yen） | |||
Dividend per share | |||
Reference date | Second quarter-end | Fiscal year-end | Total |
Current fiscal year | 22.50 | 20.00 (forecast) | 42.50 (forecast) |
(Fiscal year ending March 2025) | |||
Previous fiscal year | 00.00 | 40.00 | 40.00 |
(Fiscal year ended March 2024) | |||