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 Nine Months Ended December 31, 2023
(Based on Japanese GAAP)
January 26, 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 DirectorShuji Tsuemura

Managing Executive Officer,
General Manager of General Planning

Tomohiko Kikuzawa

Department
Scheduled date to file Quarterly Securities Report:

February 5, 2024

Scheduled date to commence dividend payments:
Trading accounts:–No

Preparation of supplementary material on quarterly financial results:
Holding of quarterly financial results meeting:

Yes
No

TEL

076-263-1111(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the nine months ended December 31, 2023 (from April 1, 2023 to December 31, 2023)(1) Consolidated operating results (cumulative)
Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen%
Nine months ended December 31, 2023
69,197
1.7
13,707 (21.2)
9,219
(7.4)
Nine months ended December 31, 2022
67,986
7.9
17,399
16.6
9,960
18.0
Earnings per share

Diluted earnings per share

Yen
380.82378.60Nine months ended December 31, 2023
Nine months ended December 31, 2022

Yen
380.68–(2) Consolidated financial positionTotal assets
As of December 31, 2023
As of March 31, 2023

Net assets

Millions of yen
5,392,027
5,603,724

Equity ratio

Millions of yen
242,228
237,688%
4.3
4.0

2. Cash dividends
Annual dividends per share

Year ended March 31, 2023
Year ending March 31, 2024

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––Yen
50.00
55.00

Yen––

Yen
50.00

Yen
100.0055.00

110.00Year ending March 31, 2024 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2024 (from April 1, 2023 to March 31, 2024)
Percentages indicate year-on-year changes

Full year

Profit attributable toOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen%
Yen
16,5002.8
11,00025.8
475.62

1

4. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2023
(changes in specified subsidiaries resulting in the change in scope of consolidation):(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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

Restatement of prior period financial statements:

No(4) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of December 31, 2023

25,208,582 shares As of March 31, 2023

26,908,582 shares

Number of treasury shares at the end of the period
As of December 31, 2023

2,080,877 shares As of March 31, 2023

1,809,299 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Nine months ended December 31, 2023

24,210,156 shares Nine months ended December 31, 2022

226,307,713 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023

As of December 31, 2023

AssetsCash and due from banks
Call loans and bills bought

1,354,859
141,000

1,145,569
228,000

Monetary claims bought
Money held in trust

3,266
13,535

3,507
13,621

Securities
Loans and bills discounted

1,468,300
2,523,613

1,472,983
2,435,436

Foreign exchanges
Lease receivables and investment assets

11,68436,445

8,790
38,163

Other assets
Tangible fixed assets

51,111
32,10240,14638,179Intangible fixed assets
Deferred tax assets

8,539
4,617

9,691
1,809

17,282(62,631)

17,817(61,688)

5,603,724

5,392,027

4,360,798

4,400,636

Call money and bills soldCash collateral received for securities lent

532,156
360,955

358,917319,156

Borrowed money
Foreign exchanges

26,5533

5,380–

Bonds payable
Borrowed money from trust account

20,000164

20,000168

Other liabilities
Provision for bonuses

42,925712

22,823–Retirement benefit liability
Provision for management board incentive plan trust

1,376
410

1,199
410

Provision for reimbursement of deposits
Provision for loss on interest repayment

96
296
0

Deferred tax liabilities
Deferred tax liabilities for land revaluation

1,185
1,411

1,873
1,319

Acceptances and guarantees

17,282

17,817

5,366,036

5,149,799

Share capital
Capital surplus

10,00027,13910,00019,557Retained earnings
Treasury shares

188,428(8,216)

195,209(10,105)

Total shareholders' equity

217,351

214,662

Valuation difference on available-for-sale securities
Deferred gains or losses on hedges

11,332(2)

18,324(331)

Revaluation reserve for landRemeasurements of defined benefit plans

2,296(1,333)2,150(980)

Total accumulated other comprehensive income

12,292

19,163

Non-controlling interests

8,044

8,402

Customers' liabilities for acceptances and guarantees
Allowance for loan lossesTotal assets
Liabilities
Deposits

Total liabilities
Net assets

Total net assets
Total liabilities and net assets

3237,688

242,228

5,603,724

5,392,027

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)
Nine months ended
December 31, 2022
Ordinary income

Nine months ended
December 31, 2023

67,986

69,197

Interest income
Interest on loans and discounts

28,47018,04330,087
18,550Interest and dividends on securities
Trust fees

10,010011,001
0Fees and commissions
Other ordinary income

7,302
12,319

7,543
11,09919,89350,586

20,46555,489Interest expenses
Interest on deposits

2,318
75

5,859
122

Fees and commissions payments
Other ordinary expenses

2,656
17,0192,777
19,703General and administrative expenses
Other expenses

22,812
5,779

24,351
2,798

17,39913,707Extraordinary income
Gain on disposal of non-current assets

5252

108
108

Extraordinary losses
Loss on disposal of non-current assets

1,444
1,350

1,078
402

93

676

Profit before income taxes

16,00612,737

Income taxes - current

3,020

3,108

Income taxes - deferred

2,791

186

Total income taxes

5,811

3,295

Profit10,195

9,442

235

222

9,960

9,219

Other income
Ordinary expenses

Ordinary profit

Impairment losses

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

Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
December 31, 2022

Nine months ended
December 31, 2023

Profit10,195

9,442

Other comprehensive income
Valuation difference on available-for-sale securities(48,001)(48,148)

7,139
7,115

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

(115)
262

(329)
353

Comprehensive income(37,806)

16,581

Comprehensive income attributable toComprehensive income attributable to owners of parent(37,994)

16,235

188

346

Comprehensive income attributable to non-controllinginterests5