Revision of earnings forecast for the fiscal year ending March 31, 2022
November 10, 2021 at 03:55 am EST
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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：Eishin Ihori
President
Code:8377 (Tokyo Stock Exchange (First Section), Sapporo Securities Exchange)
Revision of earnings forecast for the fiscal year ending March 31, 2022
Tokyo November 10, 2021－Hokuhoku Financial Group, Inc. ("Hokuhoku FG") announces the revision of consolidated earnings forecast for the fiscal year ending March 31, 2022, which was released on May 13, 2021
1.
Revision of earnings forecast (From April 1, 2021 to March 31, 2022)
(In millions of JPY)
Ordinary profits
Net income attributable to
Net income per share of
owners of the parent
common stock (JPY)
Previous forecast (A)
30,500
18,500
131.79
Revised forecast (B)
32,000
20,000
143.14
Change (B-A)
1,500
1,500
Change (%)
4.9%
8.1%
(reference)
Business results of
32,224
21,334
152.17
previous fiscal year
2. Reason of revision
Hokuhoku FG revised its consolidated earnings forecast for the fiscal year ending March 31, 2022. It is mainly due to increase in ordinary profits and net income of subsidiary banks, which is caused by increase in Core net business profits.
(Reference) Earnings forecast of subsidiary banks
Revision of earnings forecast (From April 1, 2021 to March 31, 2022)
(In billions of JPY)
Hokuriku Bank
Hokkaido Bank
Previous
Revised
Change (B-
Previous
Revised
Change (B-
forecast (A)
forecast (B)
A)
forecast (A)
forecast (B)
A)
Core gross business profits
67.0
68.0
1.0
55.5
56.5
1.0
G&A expenses
44.0
43.0
(1.0)
38.5
38.0
(0.5)
Core net business profits
23.0
25.0
2.0
17.0
18.5
1.5
Total credit costs
8.0
8.0
0.0
5.0
6.0
1.0
Ordinary profits
19.0
19.5
0.5
12.5
13.5
1.0
Net income
12.0
12.5
0.5
9.0
9.5
0.5
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 10 November 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 10 November 2021 08:54:03 UTC.
Hokuhoku Financial Group Inc is a Japan-based company mainly engaged in the provision of comprehensive financial services centered on the banking business. The Company operates in two business segments including Hokuriku Bank and Hokkaido Bank. The Company provides regional financial group with offices in the three major metropolitan areas of Hokkaido, Hokuriku, and Tokyo, Nagoya, Osaka. The Company primarily offers comprehensive financial service functions that respond to a wide range of needs such as securities business, leasing, credit card, venture capital, software development, servicer business. The Hokuriku Bank segment and Hokkaido Bank segment offer banking business. The Company also provides securities business, leasing business and credit card business.
HOKUHOKU FINANCIAL GROUP, INC. 
