Summary：

May 10, 2023

Financial Results for Fiscal 2022 (Japanese GAAP)

Company Name:

Hokuhoku Financial Group, Inc.

Stock Code Number (Japan):

8377

Stock Exchanges (Japan):

Tokyo Stock Exchange (Prime Market),

Sapporo Securities Exchange

URL:

https://www.hokuhoku-fg.co.jp/

Address:

1-2-26Tsutsumicho-dori,Toyama-city, Toyama Pref, 930-8637, Japan

Representative:

Name:

Hiroshi Nakazawa

Title:

President & CEO

Ordinary General Meeting of Shareholders (scheduled):

June 27, 2023

Commencement of Dividend Payment (scheduled):

June 28, 2023

Amounts less than one million yen and one decimal place are rounded down.

1. Financial Highlights for Fiscal 2022 (for the fiscal year ended March 31, 2023)

(1) Consolidated Results of Operations

(%: Changes from previous fiscal year)

Ordinary Income

Ordinary Profits

Net Income Attributable to Owners of the Parent

Fiscal 2022 Fiscal 2021

  • million 187,883 177,793

%

5.7

1.0

  • million 26,392 30,281

%

(12.8)

(6.0)

  • million 21,435 20,526

%

4.4

(3.8)

Reference: Comprehensive income Fiscal 2022: ¥229 million [－%], Fiscal 2021: ¥(1,288) million [－%]

Net Income

Diluted Net Income

Net Income

Ordinary Profits

Ordinary Profits

per Share of Common Stock

per Share of Common Stock

on Own Capital

to Total Assets

to Ordinary Income

Fiscal 2022

¥

¥

%

%

159.18

158.63

3.5

0.2

Fiscal 2021

147.47

146.95

3.3

0.2

Reference: Equity in Income from Investments in Affiliates: Fiscal 2022: ¥17 million; Fiscal 2021: ¥24 million

%

14.0

17.0

(2) Consolidated Financial Conditions

Total Assets

Total Net Assets

Total Net Assets

Own Capital Ratio

per Share of Common Stock

Fiscal 2022 Fiscal 2021

  • million 16,172,700 17,280,071
  • million 612,212 622,845

%

3.8

3.6

¥

4,491.95

4,539.12

Reference: Own Capital: as of March 31, 2023: ¥608,201 million; as of March 31, 2022: ¥618,896 million

Notes:

Own Capital Ratio is calculated as follows: (Total Net Assets-Stock Acquisition Rights-Non-controlling Interests)/ Total Assets×100

(3) Conditions of Consolidated Cash Flows

Cash Flows from

Cash Flows from

Cash Flows from

Cash and Cash Equivalents

Operating Activities

Investing Activities

Financing Activities

at the end of the fiscal Year

Fiscal 2022 Fiscal 2021

  • million (1,466,582)
    462,413
  • million 367,722 (82,653)
  • million (10,981) (14,488)
  • million 4,341,640 5,451,451

2. Cash Dividends for Shareholders of Common Stock

Cash Dividends per Share

Total Cash Dividends

Dividends Pay-out Ratio

Dividends on Net Assets

The end of

The end of

The end of

Fiscal

(Record Date)

Annual

(Annual)

(Consolidated basis)

(Consolidated basis)

1stQtr

2ndQtr

3rdQtr

year-end

¥

¥

¥

¥

¥

¥ million

%

%

Fiscal 2021

－

0.00

－

35.00

35.00

4,478

23.7

0.8

Fiscal 2022

－

0.00

－

37.00

37.00

4,740

23.2

0.8

Fiscal 2023

－

0.00

－

37.00

37.00

28.7

(forecast)

3. Earnings Estimates for Fiscal 2023 (for the fiscal year ending March 31, 2024)

(%: Changes from corresponding period of previous fiscal year)

Net Income

Net Income

Ordinary Profits

per Share of Common Stock

Attributable to Owners of the Parent

Interim

Full Year

  • million 12,000 26,000

%

(17.5)

(1.5)

  • million

7,000

17,000

%

(24.8)

(20.7)

¥

51.87

129.07

4. Others

(1) Changes in Significant Subsidiaries during the Fiscal Year

(Changes in specified subsidiaries accompanying changes in scope of consolidation): No

  1. Changes in Accounting Methods and Presentation of Consolidated Financial Statements
  1. Changes due to revisions of accounting standards etc.: Yes
  2. Changes other than (a) above: No
  3. Changes in accounting estimates: No
  4. Restatements: No

(3) Issued Shares（Common Stock）

  1. Number of Common Stock outstanding at the end of fiscal year

(including Treasury Stock)

  1. Number of Treasury Stock at the end of fiscal year
  2. Average number of Common Stock

As of March 31,

128,770,814

As of March 31,

128,770,814

2023

2022

As of March 31,

655,341

As of March 31,

831,643

2023

2022

Fiscal 2022

128,074,738

Fiscal 2021

130,994,721

(Reference) Non-consolidated Financial Statements for Fiscal 2022

1. Financial Highlights for Fiscal 2022(for the fiscal year ended March 31, 2023)

(1) Non-Consolidated Results of Operations

(%: Changes from previous fiscal year)

Operating Income

Operating Profits

Ordinary Profits

Net Income

Fiscal 2022 Fiscal 2021

  • million 6,829 7,637
  • ¥ million
    (10.6) 6,386
    (2.1) 7,178
  • ¥ million
    (11.0) 6,340
    (1.4) 7,135
  • ¥ million
    (11.1) 6,339
    (1.4) 7,130

%

(11.1)

(1.4)

Net Income

Diluted Net Income

per Share of Common Stock

per Share of Common Stock

Fiscal 2022

¥

41.31

Fiscal 2021

45.20

.

(2) Non-Consolidated Financial Conditions

¥

41.16

45.04

Total Assets

Total Net Assets

Total Net Assets

Own Capital Ratio

per Share of Common Stock

¥

million

¥ million

%

Fiscal 2022

211,762

211,605

99.7

Fiscal 2021

221,283

216,129

97.4

Reference : Own Capital : as of March 31, 2023: ¥211,189 million ; as of March 31, 2022: ¥215,628 million

(Implementation status of audit procedures) This report is not subject to audit procedures.

¥

1,392.93

1,386.93

The above estimates are based on information that is available at this moment and assumptions of factors that have an influence on future results of operations. Actual results may differ materially from these estimates, depending on future events.

(Reference)

Cash Dividends for Shareholders of Preferred Stock (Type 5)

Cash dividends per share

The end of

The end of

The end of

Fiscal

Annual

1st Qtr.

2nd Qtr.

3rd Qtr.

year-end

¥

¥

¥

¥

¥

Fiscal 2021

－

7.50

－

7.50

15.00

Fiscal 2022

－

7.50

－

7.50

15.00

Fiscal 2023

－

7.50

－

7.50

15.00

(Forecast)

Hokuhoku Financial Group, Inc. (8377)

SELECTED FINANCIAL INFORMATION

For the Fiscal Year 2022

(Ended March 31, 2023)

Hokuhoku Financial Group, Inc. (8377)

SELECTED FINANCIAL INFORMATION

For the Fiscal Year 2022 (Ended March 31,2023)

Table of Contents

I．Financial Highlights

決算ハイライト

1. Income Analysis

…………………………

1

2. Loans and Deposits

…………………………

4

3. Securities

…………………………

6

4. Non-Performing Loan

…………………………

7

5. Capital Adequacy Ratio

…………………………

8

6. Forecast

II．Financial Statements

…………………………

9

財務諸表

Ⅲ．Summary of Financial Results

決算の概要

1. Income Analysis

………………………… 19

2. Average Balance of Use and Source of Funds

………………………… 22

3. Interest Rate Spread

………………………… 23

4. Net Business Profits

5. ROE ･ OHR ･ ROA

………………………… 24

6. Net Gains and Losses on Securities

7. Valuation Difference on Securities

………………………… 25

8. Capital Adequacy Ratio

………………………… 26

Ⅳ．Loan Portfolio and Other

貸出金等の状況

1. Disclosed Claims under the Financial Reconstruction Law

………………………… 27

2. Coverage on Disclosed Claims under the Financial Reconstruction Law

………………………… 28

3. Allowance for Loan Losses

………………………… 29

  1. Deposits and Loans
  2. Loans to Small and Medium-sized Enterprises ("SMEs") and Individuals
  3. Housing and Consumer Loans

7. Classification of Loans by Type of Industry

………………………… 30

Note

"FG" means Hokuhoku Financial Group, Inc..

"Total of two banks" means aggregated figures of Hokuriku Bank and Hokkaido Bank.

This information contains forward-looking statements. Such forward-looking statements do not represent any guarantee by management of future performance and contains risks and uncertainties. Please take note that future performance may differ from forecasts due to changes in economic environment.

Hokuhoku Financial Group, Inc. (8377)

I ． Financial Highlights

1. Income Analysis

【FG(consolidated)】

For the fiscal year ended

(Japanese)

Mar.31, 2023

(A)

(A)-(B)

{(A)-(B)}/(B)

Ordinary income

経

常

収

益

187.8

10.0

5.7%

Ordinary profits

経

常

利

益

26.3

(3.8)

(12.8%)

Net income attributable to owners of the parent

親 会 社 株 主 に 帰 属 す る

21.4

0.9

4.4%

当

期

純

利

益

【Total of two banks】

For the fiscal year ended

(Japanese)

Mar.31, 2023

(A)

(A)-(B)

{(A)-(B)}/(B)

Ordinary income

経

常

収

益

174.1

12.1

Core gross business profits

コ

ア

業

務 粗

利

益

119.8

(4.9)

(4.0%)

Net interest income

資

金

利

益

100.5

(5.4)

Domestic

国

内

業

務

部

門

100.7

(0.2)

International

国

際

業

務

部

門

(0.2)

(5.1)

Net fees and commissions

役

務

取

引 等 利

益

19.4

1.6

Net trading income

特

定

取

引

利

益

0.0

0.0

Net other income (excluding gains (losses)

そ の 他 業 務 利 益

(0.0)

(1.2)

related to bonds)

( 国 債 等 債 券 損 益 除 く )

Gains (losses) on foreign exchange

う ち 外 国 為 替 売 買 損 益

(0.0)

(1.2)

transactions

Income from derivatives

う ち 金 融 派 生 商 品 収 益

(0.0)

(0.0)

General and administrative expenses

経

費

74.7

(4.0)

Personnel

人

件

費

36.2

(1.2)

Non-personnel

物

件

費

32.9

(2.5)

Core net business profits

コ

ア

業

務

純

益

45.0

(0.9)

(2.0%)

Net gains (losses) related to bonds

国

債

等

債 券 損

益

(18.9)

(14.6)

Net business Profits (before provision (reversal)

実

質

業

務

純

益

26.1

(15.5)

of general allowance for loan losses)

Provision (reversal) of general allowance for loan

一 般 貸 倒 引 当 金 繰 入 (1)

(2.4)

(8.6)

losses (1)

Net business profits

業

務

純

益

28.5

(6.8)

Net non-recurring gains (losses)

臨

時

損

益

(1.5)

3.3

Credit related costs (2)

不 良 債 権 処 理 額 (2)

10.2

2.8

(Reference) Total credit costs (1)+(2)

( 参 考 ) 与 信 費 用 (1)+(2)

7.7

(5.8)

Net gains (losses) related to stocks

株

式

等

損

益

10.5

7.6

Ordinary profits

経

常

利

益

26.9

(3.4)

(11.5%)

Net extraordinary gains (losses)

特

別

損

益

(0.6)

(3.6)

Income taxes

法

人

税

等

3.3

(8.2)

Income taxes-deferred

法

人 税

等 調 整

額

1.1

0.1

Net income

当

期

純

利

益

23.0

1.1

5.3%

(Billions of yen)

Mar.31, 2022

(B)

177.7

30.2

20.5

(Billions of yen)

Mar.31, 2022

(B)

161.9

124.8

105.9

101.0

4.8

17.7

0.0

1.1

1.1

(0.0)

78.8

37.4

35.4

46.0

(4.3)

41.6

6.2

35.4

(4.9)

7.3

13.5

2.8

30.4

2.9

11.5

0.9

21.8

1

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Hokuhoku Financial Group Inc. published this content on 09 May 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 May 2023 07:16:05 UTC.