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, 2022

Tokyo November 7, 2022－Hokuhoku Financial Group, Inc. "( Hokuhoku FG") announces the revision of consolidated earnings forecast for the six months ended September 30, 2022, which was released on May 11, 2022.

1.

Revision of earnings forecast (From April 1, 2022 to September 30, 2022)

（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)

13,000

7,000

50.30

Revised forecast (B)

14,500

9,300

68.28

Change (B-A)

1,500

2,300

Change (%)

11.5%

32.9%

(reference) Results of the

six months ended

19,087

13,125

94.75

September 30, 2021

2. Reason of revision

Hokuhoku FG revised its consolidated earnings forecast for the six months ended September 30, 2022. 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 core net business profits and gains on stocks 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.

－End－

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Hokuhoku Financial Group Inc. published this content on 07 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 November 2022 07:31:06 UTC.