Translation
Notice: This document is an excerpt translation of the original Japanese document and is only for reference purposes. In the event of any
discrepancy between this translated document and the original Japanese document, the latter shall prevail.

Summary of Consolidated Financial Results
for the Three Months Ended June 30, 2024
(Based on Japanese GAAP)
July 31, 2024
Company name:Hokkoku Financial Holdings,Inc.

Stock exchange listing: Tokyo
Stock code:
7381
Representative:

Inquiries:

URL

https://www.hfhd.co.jp/

President & Chief Executive Officer
Representative Director

Shuji Tsuemura

Managing Executive Officer,
General Manager of Corporate Planning

Naotaka Terai

Department
Scheduled date to commence dividend payments:–Trading accounts:
Preparation of supplementary material on financial results:

NoYes

Holding of financial results meeting:

NoTEL

076-263-1111(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the three months ended June 30, 2024 (from April 1, 2024 to June 30, 2024)(1) Consolidated operating results (cumulative)

Three months ended June 30, 2024
Three months ended June 30, 2023Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen%
21,892 (12.7)
3,686 (58.8)
2,387 (63.7)
25,086 (27.7)
8,956 (52.7)
6,589 (51.5)
Earnings per share

Diluted earnings per shareYen
103.20265.49Three months ended June 30, 2024
Three months ended June 30, 2023

Yen
103.01
265.24(2) Consolidated financial position
Total assets
As of June 30, 2024
As of March 31, 2024

Net assets

Millions of yen
5,819,9755,758,652

Equity ratio

Millions of yen
243,290
252,954%
4.0
4.2

2. Cash dividends
Annual dividends per share

Year ended March 31, 2024
Year ending March 31, 2025

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen
––

Yen
55.00

Yen–

Yen
55.00

Yen
110.00

60.00

–

60.00

120.00Year ending March 31, 2025 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2025 (from April 1, 2024 to March 31, 2025)
Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen%
Yen
Six months ending
8,500 (13.8)
5,500 (19.6)
238.21
September 30, 2024
Full year
15,000
3.7
10,00010.4
433.11

1

4. Notes(1) Significant changes in the scope of consolidation during the three months ended June 30, 2024:(2) Application of special accounting methods for preparing quarterly consolidated financial statements:

NoNo(3) Changes in accounting policies, changes in accounting estimates, and restatement of prior period financial statements
Changes in accounting policies due to revisions to accounting standards and other regulations:
Changes in accounting policies due to other reasons:

No
No

Changes in accounting estimates:
Restatement of prior period financial statements:

NoNo(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of June 30, 2024

23,408,582 shares As of March 31, 2024

25,208,582 shares

Number of treasury shares at the end of the period
As of June 30, 2024

319,801 shares As of March 31, 2024

2,023,177 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Three months ended June 30, 2024

23,135,443 shares Three months ended June 30, 2023

224,818,384 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2024
AssetsCash and due from banks
Call loans and bills bought
Monetary claims bought
Trading securities
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investment assets
Other assets
Tangible fixed assetsIntangible fixed assets
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses

As of June 30, 2024

1,576,763
166,000
3,195–
13,532
1,488,459
2,418,522
6,344
39,32939,04637,903
10,2691,061
18,166(59,943)

1,472,802
263,000
3,199
2
13,541
1,569,356
2,403,817
5,461
40,38540,542
38,092
10,316
1,384
18,480(60,406)

5,758,652

5,819,975

4,679,694
423,297
318,6395,396
1
20,000167
32,722
697
684
410
68
0
4,506
1,244
18,166

4,751,468
381,939353,232
6,378
1
20,000165
41,819
–
615
401
68–
936
1,178
18,480Total liabilities

5,505,697

5,576,685

Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares

10,00019,507
195,209(9,814)10,00010,767
196,453(1,565)

Total shareholders' equity

214,902

215,654

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges
Revaluation reserve for landRemeasurements of defined benefit plans

28,084
(35)
1,986
(718)

16,746748
1,849(515)

Total accumulated other comprehensive income

29,317

18,828

Total assets
Liabilities
Deposits
Call money and bills soldCash collateral received for securities lent
Borrowed money
Foreign exchanges
Bonds payable
Borrowed money from trust account
Other liabilities
Provision for bonuses
Retirement benefit liability
Provision for management board incentive plan trust
Provision for reimbursement of deposits
Provision for loss on interest repayment
Deferred tax liabilities
Deferred tax liabilities for land revaluation
Acceptances and guarantees

Non-controlling interests
Total net assets
Total liabilities and net assets

38,7358,806

252,954

243,290

5,758,652

5,819,975

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Three months ended
June 30, 2023
Ordinary income

Three months ended
June 30, 2024

25,086

21,892

Interest income
Interest on loans and discounts

10,196
6,126

10,201
6,189

Interest and dividends on securities
Trust fees

3,886
03,5770

Fees and commissions
Other ordinary income

2,428
3,706

2,866
3,889

8,753
16,1294,934
18,206

Interest expenses
Interest on deposits

2,109
36

1,918
174

Fees and commissions payments
Other ordinary expenses

919
3,882

940
5,955

General and administrative expenses
Other expenses

7,889
1,327

8,155
1,235

8,956

3,686

Extraordinary income
Gain on disposal of non-current assets––

33

Extraordinary losses
Loss on disposal of non-current assets

177
154

279
26

Impairment losses

22253

Profit before income taxes

8,779

3,410

Income taxes - current

1,863

217

Other income
Ordinary expenses

Ordinary profit

Income taxes - deferred

273

739

Total income taxes

2,136

956

Profit

6,642

2,453

5366

6,589

2,387

Profit attributable to non-controlling interests
Profit attributable to owners of parent4

Consolidated statements of comprehensive income (cumulative)(Millions of yen)Three months ended
June 30, 2023

Three months ended
June 30, 2024

Profit

6,642

2,453

Other comprehensive income
Valuation difference on available-for-sale securities

11,581
11,149(10,340)(11,328)

Deferred gains or losses on hedges
Remeasurements of defined benefit plans, net of tax

227204783
203

Comprehensive income

18,224(7,886)Comprehensive income attributable toComprehensive income attributable to owners of parent

18,051(7,963)

172

76

Comprehensive income attributable to non-controllinginterests5