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 Six Months Ended September 30, 2022
(Based on Japanese GAAP)
October 28, 2022
Company name:Hokkoku Financial Holdings,Inc.

Stock exchange listing: Tokyo
Stock code:
7381

URL

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

Representative:

President & Chief Executive Officer
Representative director

Shuji Tsuemura

Inquiries:

Executive Officer,
General Manager of General Planning Department

Tomohiko Kikuzawa

Scheduled date to file Quarterly Securities Report:
Scheduled date to commence dividend payments:

November 15, 2022
December 5, 2022

Trading accounts:
Preparation of supplementary material on quarterly financial results:

No
Yes

Holding of quarterly financial results meeting:

No

TEL

076-263-1111(Amounts less than one million yen are rounded down)
1. Consolidated financial results for the six months ended September 30, 2022 (from April 1, 2022 to September 30, 2022)(1) Consolidated operating results (cumulative)

Six months ended September 30, 2022
Six months ended September 30, 2021

Percentages indicate year-on-year changes
Profit attributable toOrdinary income
Ordinary profit
owners of parent
Millions of yen% Millions of yen% Millions of yen%
51,328–20,463–
12,895–––––––
Earnings per share

Diluted earnings per shareYen
481.82–Six months ended September 30, 2022
Six months ended September 30, 2021

Yen––(2) Consolidated financial position
Total assets
As of September 30, 2022As of March 31, 2022

Net assets

Millions of yen
5,267,912
5,712,233

Equity ratio

Millions of yen
231,413264,258%
4.2
4.4

2. Cash dividends
Annual dividends per share

Year ended March 31, 2022
Year ending March 31, 2023

1st quarter-end

2nd quarter-end

3rd quarter-end

Fiscal year-end

Yen––

Yen–
50.00

Yen–

Yen
50.00

Yen
50.00

–

50.00

100.00Year ending March 31, 2023 (Forecast)Total

3. Forecast of consolidated financial results for the year ending March 31, 2023 (from April 1, 2022 to March 31, 2023)
Percentages indicate year-on-year changes
Profit attributable toOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen%
Yen
Full year
16,500 (13.9)
10,0006.5
378.7614. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2022
(changes in specified subsidiaries resulting in the change in scope of consolidation):No(2) 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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
Yes

Restatement of prior period financial statements:

No(3) Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares)
As of September 30, 2022

26,908,582 shares As of March 31, 2022

27,908,582 shares

Number of treasury shares at the end of the period
As of September 30, 2022

506,828 shares As of March 31, 2022

1,118,382 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2022

26,764,385 shares Six months ended September 30, 2021

2– shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2022
AssetsCash and due from banks
Call loans and bills bought
Monetary claims bought
Money held in trust
Securities
Loans and bills discounted
Foreign exchanges
Lease receivables and investment assets
Other assets
Tangible fixed assets
Intangible fixed assets
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses

As of September 30, 2022

1,607,871
65,0003,052
13,5281,356,079
2,585,262
11,13835,19537,364
31,3889,949
265
17,986(61,849)

1,186,533–
3,109
13,5791,415,517
2,547,936
14,18035,566
41,35431,4308,819
12,596
17,833(60,546)

5,712,233

5,267,912

4,257,200
1,000
618,824
313,497
155,9851
20,000154
53,752
747
2,398
496
127
19
4,368
1,412
17,986

4,273,371–
303,117343,252
23,533–20,000156
49,695
715
1,848
410
123
10
1,014
1,412
17,833

Total liabilities

5,447,975

5,036,498

Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares

10,00029,727
182,357(3,124)10,00027,165
193,906(2,304)

Total shareholders' equity

218,960

228,766

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

36,652115
2,296(1,467)(6,192)–
2,298(1,260)Total accumulated other comprehensive income

37,597(5,154)

Total assets
Liabilities
Deposits
Negotiable certificates of deposit
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

37,701

7,801

264,258

231,413

5,712,233

5,267,912

Consolidated statements of income (cumulative) and consolidated statements of comprehensive income(cumulative)
Consolidated statements of income (cumulative)(Millions of yen)Six months ended
September 30, 2022
Ordinary income

51,328Interest income
Interest on loans and discounts

19,32911,959Interest and dividends on securities
Trust fees

7,065
0

Fees and commissions
Other ordinary income

4,773
8,798

Other income
Ordinary expenses

18,42730,865Interest expenses
Interest on deposits

1,171
47

Fees and commissions payments
Other ordinary expenses

1,775
11,948General and administrative expenses
Other expenses

14,946
1,023

Ordinary profit

20,463Extraordinary income
Gain on disposal of non-current assets

3333

Extraordinary losses
Loss on disposal of non-current assets

1,419
1,330

Impairment losses

88

Profit before income taxes

19,077

Income taxes - current

3,066

Income taxes - deferred

2,959

Total income taxes

6,025

Profit13,051

Profit attributable to non-controlling interests

156

Profit attributable to owners of parent

12,895

4

Consolidated statements of comprehensive income (cumulative)(Millions of yen)Six months ended
September 30, 2022
Profit13,051Other comprehensive income
Valuation difference on available-for-sale securities(42,803)(42,894)

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

(115)
207

Comprehensive income(29,751)

Comprehensive income attributable toComprehensive income attributable to owners of parent(29,857)

Comprehensive income attributable to non-controllinginterests

1065Consolidated statements of changes in equity
Six months ended September 30, 2022(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

10,000CapitalsurplusRetainedearnings

29,727

Treasuryshares

182,357(3,124)

Total
shareholders'equity
218,960

Changes during period
Dividends of surplus(1,345)(1,345)

Profit attributable to owners ofparent

12,895

12,895Purchase of treasury shares(1,803)(1,803)

Disposal of treasury shares

6060

2,562

–

Cancellation of treasury shares(2,562)

Reversal of revaluation reserve forland

(1)

(1)

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period–(2,562)

11,548820

9,806

10,00027,165

193,906(2,304)

228,766

Accumulated other comprehensive income

Balance at beginning of period

Valuationdifference on
available-forsale
securities

Deferred
gains orlosses onhedges

Revaluation
reserve forland

36,652115

2,296

TotalRemeasurements

accumulatedof definedotherbenefit planscomprehensive

Noncontrollinginterests

Total net
assets

7,701

264,258

income(1,467)37,597

Changes during period
Dividends of surplus(1,345)

Profit attributable to owners ofparent

12,895Purchase of treasury shares(1,803)

Disposal of treasury shares

60

Cancellation of treasury shares–

Reversal of revaluation reserve forland(1)

Net changes in items other thanshareholders' equity(42,845)(115)

Total changes during period(42,845)(115)

Balance at end of period(6,192)–1207(42,751)1207(42,751)100(32,844)

2,298(1,260)(5,154)

7,801

231,4136100(42,651)