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.
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