Hokkoku Financial Holdings
Summary of Financial Results for the Second Quarterof the Fiscal Year Ending March 2024

October 27, 2023

Contents
3.Reference Materials

1.Summary of Results
・Summary of Financial Results for the Second Quarterof the Fiscal Year Ending March 2024

4・Target level over the medium to long term

17

(announced on 23.5.8)

2.Progress of Key Initiatives

・The Medium-Long Term Business Strategy 2023

18

(announced on 23.5.8)

・Progress of Key Business6

・Shareholder Return Policy and Share Repurchase

8・ Trends in Expenses and OHR（announced on 23.5.8）

19・Reduction of strategic stockholdings

9・Deposits and Loans Outstanding by Segment

20

・Loan ~ Yield by segment ~11

・Key Business ~ Corporate Consulting ~21

・Impact on interest on loans when interest rates rise

12・Key Business ~Expansion of investment business ~22

・Credit Cost Results and Future Prospects

13・Key Business ~Progress of Cashless ~23

・Operation of negotiable securities

14

・Status of Foreign Bonds

15

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

1. Summary of Results

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

Summary of Financial Results for the Second Quarter of the
Fiscal Year Ending March 2024
(1) Summary of Profit and Loss for the Second Quarter■ Hokkoku Financial Holdings Consolidated（Millions of yen)
Rate of change
FY03/23 FY03/24
change■ Summary‣ Consolidated Hokkoku FHD: Decrease in sales and profits for the first time in five fiscal years

Ordinary revenue

51,32848,007▲ 3,321▲6.4%

Ordinary income

20,463

9,862▲ 10,601▲51.8%‣ North Bank (Non-consolidated): Sales and profits declined for the first time in five years, and operating

Net income*

12,895

6,846▲ 6,049▲46.9%

profit from core business fell for the first time in three years.

* Net income attributable to owners of the parent■ Hokkoku Bank Non-consolidated（Millions of yen)
Rate of changechangeFY03/23

FY03/24

Ordinary revenue

45,167

41,257▲ 3,910▲8.6%

Ordinary income

19,996

9,645▲ 10,351▲51.7%Net income

12,8196,940▲ 5,879▲45.8%

7,343

2,901

▲ 4,442▲60.4%

Core business profit■ SUMMARY
Operating profits from core business decreased compared with the same period of the previous fiscal year due
to increased funding costs of foreign currencies mainly due to the ‣ rise in U.S. interest rates.
Gains on sales of strategic shares helds declined from the previous year ‣, but gains on sales of foreign bonds
also declined. As a result, realized gains/losses on securities holdings decreased from the same period of theprevious year.

(2) Equity Ratio

Ordinary income decreased from the same period of the methodologies fiscal year due to an increase in bad

Year Ended
September 30,
2022
Consolidated equity ratio

11.21%

Year Ended
March 31, 2023

Year Ended
September 30,
2023

10.08%

debt disposal expenses from the previous fiscal year as a result of a reversal of the ‣ year due to a change in theallowance for doubtful accounts.

10.14%

Unified international standard until the end of September 2022, domestic standard after the end of March 2023

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

4

2. Progress of Key Business

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

Progress of Key Business(Unit: 100 million yen)Item2022/92023/9YoY

FY2024/3 Plan

Progress rate

Key business

275

207

-

351

58.9%

Business loans and Leasing

74

72

▲2

148

48.6%

Cashless

6.7

7

+0.4

17

41.1%

Consulting & advisory

4.5

6

+1.5

20

30.0%

Investment advisory

0.5

1.8

+1.3

2

90.0%

Investment fund

0.3

0.7

+0.4

4

17.5%

Market management

190

120

▲70

161

74.5%

Other income (consumer loans, etc.)

80

74

▲5

170

23.7%

Total Credit Cost

1

22

+21

30

73.3%

Expenses

149

162

+12

324

50.0%

Of which, system costs*

33

34

+1

69

49.2%

Ordinary income

205

99

▲106

167

59.2%

※:Total of software development costs (depreciation) and running costs (outsourcing expenses, etc.)

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

6

Progress of Key Business
Item・Loans mainly to large enterprises decreased, yields improved, but profits decreased by ¥248 million

Business loans and Leasing

Loans outstanding (end balance) ¥1.1427 trillion (year-on-year ▲ ¥79.2 billion)
・Number of contracts increased due to group-wide sales, and revenue increased by ¥40 million
Leasing receivables and Leasing invested assets (end balance) ¥37.7 billion (year-on-year increase of ¥2.2 billion)
・Number of franchised stores increased by 7048 (YoY +34) mainly in the restaurant and accommodation industries.

Cashless

Card settlement amount 5.886 billion yen/month (+532 million yen YoY)
・Started service of TOCHITSUKA, a digital regional currency service, in October・In corporate consulting, the number of consulting contracts increased year on year.

Consulting & advisory

Number of consultants: 295 (+44 YoY)

・Began preparations to establish a local subsidiary of The CC Innovation, Ltd. in Kenya

Investment advisory

・The amount outstanding under Investment advisory is 350 billion yen.

Investment fund・55 investees, ¥23.2 billion (+20 from the end of FY3/2023, +¥11.6 billion)
0・Net interest income decreased by ¥2.829 billion due to an increase in foreign currency funding costs.

Market management

・Sales of foreign bonds reduced the outstanding balance of foreign bonds to ¥160 billion
・The sale of strategic shareholdings resulted in a gain on sale of 15 brands/4 billion yen.
HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

7

Shareholder Return Policy and Share Repurchase■ Targeting a total return ratio of 50% or more
■ Acquisition of treasury stock up to the end of September 2023: Approx. 954,200 shares ¥4.7 billion
FYE 03/31/2023
ActualFYE March 2024

Total return ratio

122%

115%

Total dividends

2.6 Billion yen

2.7 Billion yen

Purchase of treasury stock

8.1 billion yen

9.9 Billion yen

Item

Cost of capitalFYE March 2026
Three years later

FYE March 2028
5 years later

FYE March 2033
About 10 years later

Total return ratio: 50% or more
The Company will periodically review and implement sharebuybacks and increases in dividends in light of its capital adequacy
ratio and strategic investment opportunities.

7.0%
3.9%

5.0%

5.0%or more

7%or more

8%or moreCore capital

226.0 Billion

223.8 Billion

238.7 Billion

255.7 Billion

300.0 Billion

Risk assets

2,240.2Billion

2,205.0 Billion

2,476.5 Billion

2,796.5 Billion

3,000.0 Billion

Equity ratio

10.1%

10.1%

0.5

0.6or more

ROE

PBR

Around 10%
0.7or more

1.0or more

1.0or more

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

8

Reduction of strategic shares helds■ Steady progress in dialogue with target companies■ Plan to halve the book value of investments by the end of March 2025 (compared to March 2022) is expected to be achieved ahead of schedule■ Strengthen management of net investment-purpose stocks by carefully selecting investment targets such as profitability

Balance of Strategic Shareholdings (100 million yen)
Investment amount
Appraisal profit or loss
Market value of strategic shares helds/Consolidated net assets

1,000

30%

900

23.3%

23.0%

800

25%

21.0%

700
20%

660

600

9.8%

493

500

279

380
404

400

297

Initialtarget

411

386

300

15%

410

10%

200

317
100

286

282

284

220

200

150

181

138

114

2022.32023.302013.32016.32017.32018.32019.32020.32021.35%69722023.92024.32025.3
HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

00%

In the future

9Reduction of strategic shares helds
Reduction and negotiation status of strategic shares helds for listing■ Investment policy

Book value(100 million yen)

Number of issues

Net investment objective equity management policy

2022.350

1382023.337

114

・Aim for revenues from increasing corporate value by investing in highquality Japanese stocks that are expected to grow over the medium to longterm and stocks that can expect total returns, including income.

2023.9Number of reductions (compared
to 2022.3)

27

72

▲23

▲66

・70 to 100, taking into account the macroeconomic environment and stock
price valuations

Target for 2025-

▲69

Progress rate-96%

■ Investment strategy

Manage a portfolio carefully chosen for the issues, and gain and stability
in the value of the shares

Number ofborrowers

Book value(100 million yen)

Achieve a higher level of revenues from payments.

Sale commitment

2

3■ Investment approach

Projected sale by FY3/202514

24・Macroeconomic analysis, quantitative analysis of corporate finances, etc.,

Projected sale after April 2025

720

performance outlook, etc.

Ongoing negotiators

425

Carefully select investment targets through a qualitative analysis.

・Rebalancing is conducted every time to improve portfolio risk return.
HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

10

Loan ~ Yield by segment ~■ Yields rose overall and by segment due to pricing-focused dialogue and higher interest rates on mortgage loans
Loans Outstanding and Yields
0.95%
3,152
3,175

20,012

0.92%
3,135
2,973

19,9312021/32022/3

中小企業等

中堅・大企業

0.93%

Yield by attribute

3,228
2,509
19,7192023/32021/30.98%

2022/3→2023/3→2023/9Profitablelending

1.168▲0.0291.139+0.0131.152+0.026

1.178

3,371

Consumer
loans

0.840

▲0.021

0.819▲0.0200.799+0.034

0.833

1,963

Of which,secured

0.729▲0.0080.721▲0.0110.710+0.0400.750

Of which,
unsecured

3.227▲0.0543.173+0.0083.181+0.0193.200

Local public
corporations

0.379▲0.0750.304▲0.0200.284+0.0360.320

19,5342023/9

地公体・公社→(%)

Yields by Region (Business Loans) (%)

貸出金利回りAverage Newly Executed Interest Rates (by Attribute)2021/3→2022/3→2023/3→2023/9Three
Hokuriku
prefectures

1.285▲0.0421.248▲0.0051.243+0.008

1.251

Ishikawa Pref.

1.274▲0.0301.239+0.0051.244+0.004

1.248

Toyama Pref.

1.333▲0.0731.287▲0.0271.260+0.012

1.272

Fukui Pref.

1.221▲0.0451.196▲0.0201.176+0.025

1.201

Other

0.534

HOKKOKU FINANCIAL
reserved. +0.093+0.0400.526 HOLDINGS,+0.048INC. All rights
0.574

0.657

(%)

2021/3
Profitable lending
Consumer loans

0.899
0.575

2022/30.894
0.548

2023/3
1.174
0.489

2023/9
1.255
0.664

11

Impact on interest on loans when interest rates rise
■ Variable interest rates account for about 30% of total loans■ Net interest income is expected to increase (from ¥700 million per year) due to the elimination of YCC and thetermination of negative interest rates.
1%

3%

Composition of interest rates on loans

7%

6%

3%

12%

Fixed interest rate
(5 years or more)
13%
Fixed interest rate
(3 years or more but
less than 5 years)
6%

Floating interest rate
(Short-term prime)
20%

47%

Consumer
Loan

46%

16%
15%

Loan money whole
2.4869 trillion yen
Fixed interest rate
(1 year to less than 3 years)
26%

44%

Business Loan

Floating interest
rate(Market-linked)
7%■ Floating rate (short-term prime)■ Floating rate (market-linked)■ Fixed rate
■ Fixed rate
(1 year or more but less than 3 years) (3 years or more but less than 5 years)■ Fixed rate
(less than one year)■ Fixed rate
(5 years or more)

Annual impact of yen interest rate hike
Fixed interest rate
(Less than 1 year)
28%

First year

Second year

Third year

700 million yen

2.5 billion yen

3.5 billion yen<Estimation conditions>

Floating rate 27% Fixed rate 73%

・ Estimated under the abolition of YCC and the termination of negative interest rates (estimated at the short-term interest
rate of +0.1% and the long-term interest rate of +0.96%)
HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.
・ Loans outstanding remain at the current level.

12Credit Cost Results and Future Prospects■Credit costs for the fiscal year ended September 2023 were approximately 2.2 billion. Full-year target is expected to be ¥3billion as planned■Policy to maintain a high coverage ratio and reduce the risk of future impact on profit and loss by implementing sufficient
reserves in the future
Changes in credit costs<Preservation Status>

2020.32021.32022.32023.32023.9Disclosed claims under thefinancial reconstruction law(100 million yen)

561

608

758

734

743

Conservation amount(100 million yen)

534

587

659

706

713

Coverage ratio (%)

95.1

96.5

86.9

96.2

95.9

15,00011,82010,000

6,214
5,000

(As of the end of 2023.9)
2.173 billion yen

3,000

0
FYE March 2021 FYE March 2022 FYE 03/31/2023 FYE March 2024 FYE March 2026 FYE March 2028 FYE March 2033

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

13

Investment in Securities■In fiscal 2023, the balance of yen-denominated bonds and foreign bonds was reduced, and the multi-asset fund wasincreased.
■Duration declined with the sale of yen-denominated bonds, and interest rate risk was reduced.
Trends in realized gains/losses by asset

Balance of Securities (Book Value) and Duration(Year)
6.61

6.58

6.00

5.82

33

65

32

67

16

150

23

5.49

5.11

78

18

28

5.50

6.31
5.12

114

28

7

202

187

(100 million yen)

200

281

Yen bond

15

213

164

151

9

11

19

23

8

▲93

▲81

2023.32023.94.16

2020.32021.32022.3(100 million yen)
Yen bond
Equity securities

Yen bond

Foreign bonds

Equity securities

Investment trusts (excl. Multi)

Multi-asset

14,607

2,540

3,640

Trends in unrealized gains/losses on securities

13,001
11,069

1,500

769

779
918

693
1,880

(100 million yen)
882

694

739

200

9,544

1,221

14,331

Foreign bonds
Investment trusts (excluding Multi)

42
600

2,138

498

136

▲71

707

683

650

335

686
1,779

532
888

2,251
837

517

▲6

2
▲55

▲37
8,189
6,626

8,274

7,012

8,055

2020.32020.32021.32022.32023.3▲51▲140

Yen bond▲115▲1Foreign bonds

Equity securities

2021.3

Investment trusts (excl. Multi)

2022.3

▲38

▲170
▲152
▲66

▲235

▲159

▲260

▲170

▲56

Multi-asset

2023.32023.92023.9

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

14

Status of Foreign Bonds■To improve net interest income and unrealized gains/losses, the company sold short-maturity low-yield bonds, mainly in
U.S. dollars.
■Going forward, the Bank will continue to closely monitor the direction of monetary policy in each country and work to
improve the yield of the portfolio.
Improvement effect from sales of foreign bonds

Status of book value and unrealized gains/losses on foreign bonds

3.39%
Overall

2,006

1,623

■Book valuebalance■ Book yield

USD

3.11%

2.60%

1,605

2.45%

2.32%

1,336

(100 million yen)
923

1.72%

897

Overall

2023.32023.32023.92024.3 (forecast)

2023.9■ Effect of improved net interest income(Annualized)

USD

2024.3 (forecast)(100 million yen)

19

20
3

6

■Appraisal
profit or loss

USD

▲66

▲69

Other currencies
17(100 million yen)

13
Overall
▲152
▲169

USD

0
2023.32023.92024.3 (forecast)
HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

15

3. Reference Materials

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

Target levels over the medium to long term～Medium-to long-term image based on future environmental forecasts and action policies

announced on 23.5.8

FYE 03/31/2023
ActualFYE March2024
A year later

FYE March2026
3 years later

FYE March2028
5 years later

FYE March2033
10 years later

Consolidated Operating Income

16 billion yen

16.7 billion yen

18.1 billion yen

28.3 billion yen

40.4 billion yen

Net income (consolidated)

8.7 billion yen

11 billion yen

11.4 billion yen

18.4 billion yen

26.9 billion yen

38.8 billionyen

35.1 billion yen

39.1 billion yen

49.8 billion yen

60 billion yen

3.9%

5.0%

5%or more

7%or more

8%or more

Item

Core Business Revenues (Consolidated)

ROE (Consolidated)*※ ROE is calculated based on the amount of net income attributable to owners of the parent to Basel III core capital based on domestic banks<Reference: Based on shareholders'equity>ROE (Consolidated)

4.0%

5.1%

5% or more

7% or more

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

8% or more
17

The Medium-Long Term Business Strategy 2023
The Medium-Long Term Business Strategy~ Update Plan ~announced on 23.5.8※ From 2021, medium-to long-term goals and strategies are updated every fiscal year.

■Focus period to establish new business model from April 2023 to March 2026
Measures for increasing corporate value

1.Improving capital efficiency
・Raised the basic policy for shareholder returns to a total return ratio of 50% or more・Continue share buybacks (¥9 billion for the year ended March 31, 2024)
・Maintain an equity ratio of around 10%, with periodic profits and losses and excess capital to invest in new
businesses and return profits to shareholders

2.Expansion of Key Business Domains (Three Pillars → Seven New Pillars)
・In three priority projects ("Cards", "Loans and Leasing" and "Consulting")
In addition to the key businesses of "digital regional currencies," "Investment advisory," "investment funds," and"market management,"
Revenue after 5 years to 49.8 billion yen. (+ approx. 11 billion yen, 2023/3)
HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

18

announced on 23.5.8

Trends in Expenses and OHR(Unit: 100 million
yen)

Item
Personnel expenses

FYE 03/31/2023
151

Incentive fee
Other

FYE March 2024
155

6

FYE March 2026
158

9

9

FYE March 2028

FYE March 2033

186

190

33

43

145

146

149

153

148

Non-personnel
expenses and taxes

159

169

195

190

177

System costs

68

69

62

62

48

Other

91

100

134

128

129

①Core OHR (Core gross operating income basis)

Gross operating profit from core business: net interest income + net fees and commissions + other operating income-net
gains on government bonds and other bonds (5-account)

FYE 03/31/2023

FYE March 2024

FYE March 2026

FYE March 2028

FYE March 2033

77.2%

86.1%

72.7%

67.9%

56.2%

②OHR (gross margin basis)

Gross profit: Gross operating profit from core business + Gain (loss) on government bonds, etc. + Gain(loss) on stocks, etc. (equity-3 account)

FYE 03/31/2023

FYE March 2024

FYE March 2026

FYE March 2028

FYE March 2033

59.6%

63.3%

63.6%

56.5%

47.4%

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

19

Deposits and Loans Outstanding by Segment
Loans Outstanding by Attributes

Deposit Balance by Attribute(100 million yen)(100 million yen)2021/32022/32023/32023/9Compared
to 23/3
ChangeCompared
to 23/3
Rate ofchange2021/32022/32023/32023/9Compared
to 23/3
ChangeCompared to
23/3
Rate ofchangeIndividuals

26,626

27,812

28,70928,979

+270

+0.9%

Small andmedium-sizedenterprises, etc.

20,012

19,931

19,71919,534

▲185

▲0.9%

CORPORATION

11,117

11,554

11,434

11,936

+502

+4.4%

(Ratio of SMEs,
etc.)

75.9%

76.5%

77.5%

78.5%

ー

+1.0%

Public money andfinancial

3,697

3,173

▲14.1%

Medium-sized andlarge companies

3,175

2,973

2,509

1,963

▲21.7%

3,360

▲524

▲546

2,775

3,152

3,135

3,228

3,371

+143

+4.4%

0.5%

Local public
entities and public
corporations
Overall

26,33926,03925,45624,869

▲587

▲2.3%

Overall

40,52042,727

43,841

44,089+248

Loans Outstanding by Type
Loans Outstanding by Region(100 million yen)2021/32022/32023/32023/9Compared
to 23/3
ChangeCompared
to 23/3
Rate ofchange(100 million yen)2021/3
Profitable lending

13,18012,757

12,06011,427

▲633

▲5.2%

Consumer loans

10,006

10,146

10,168

10,070▲98▲0.9%

Of which, secured

9,642

9,819

9,867

9,773

▲94

▲0.9%

Of which, unsecured

363

327

301

296

▲5

▲1.6%

Local public entities
and public
corporations

3,152

3,135

3,228

3,371

+143

+4.4%

Hokuriku 3
prefectures total

2022/32023/32023/9Compared
to 23/3
ChangeCompared to
23/3
Rate ofchange24,08923,956

23,794

23,404

▲390

▲1.6%

In Ishikawa Pref.

18,167

18,11918,13917,889

▲250

▲1.3%

In Toyama Pref.

4,718

4,645

4,511

4,391

▲120

▲2.6%

In Fukui Pref.

1,202

1,190

1,144

1,123

▲21

▲1.8%

▲197

▲11.8%Other

HOLDINGS,
2,250HOKKOKU FINANCIAL
2,083
1,662 INC. All rights
1,465reserved.

20

Key Businesses (Corporate Consulting)■ Basic strategy: Increase in number of clients x increase in fees per customer
・Provides consulting services for dealing with multiple issues starting from the sharing of understanding ofbusiness prospect according and finances
・Develop new approaches by segment that transcend the Hokuriku region, such as large corporations andlocal governments■Main Initiatives(Unit: 100 million yen)・Approach at urban stores, use of media, and increased contact with industry
associations

Revenues plan45

⇒ Points of contact are on the rise due to individual approaches in urban areas as well
as attendance at seminars for financial institutions
・Expansion of consulting areas such as marketing and external sales of in-house IT

33

tools

29

⇒ Results: Three menu development projects and 10 new field contracts
19

・Promotion of appropriate pricing such as expansion of value fees
⇒ Issues include dealing with projects that exceed the planned effort and productivity

10

improvement
・Early training of consultants and improvement of skills of senior consultants
FYE 03/31/2023

FYE March 2024

FYE March 2026

FYE March 2028

FYE March 2033

⇒ Enhancement the review system and establishing a skill acquisition system
HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

21

Key Businesses (Expansion of Investment Operations)■Equity investment leads the regional ecosystem and creates quality regions (QR)
■Major investment targets are the Hokuriku region, while expanding investments nationwide and overseas■Acquired knowledge (temporary staffing, management involvement, etc.) through external collaboration[Investment Plan]Three years
later(Unit: 100 million yen)

Revenues plan

5 years later

About 10 years
later

Number of investments

110

170

250

Investment balance(100 million yen)

700

900

1,000

[Status of Fund Investment (as of Sep. 2023)]
Total

Fund name(100 million yen)101

Number of
cases

Issue amount(100 million yen)

Hokuriku Region Venture Fund

ー

6

4

Noto SDGs Fund

7

13

5

QRI Growth Support Fund

10

1

1

Ishikawa SME Revitalization Fund

20

5

14

QR Fund

500

30

208

―

55

232

85

2
FYE 03/31/2023

4
FYE March 2024

7
FYE March 2026

FYE March 2028

FYE March 2033

Total

IRR of about
14%
HOKKOKU
FINANCIAL HOLDINGS, INC. All rights reserved.
22

Key Businesses (Progress of Cashless)■ Expand payment domains by building platforms linked to local operators■ Issuance of digital regional currencies (Stable Coins) by strengthening collaboration with local
governments and other financial institutions■ Further increase the cashless ratio by implementing the above measures■Expansion of payment domains
Revenues plan
(Unit: 100 million yen)
89

・Corporate and personal debit penetration rates and the increase in the number of transactions
・Expand the number of franchised stores by proposing a combination of cash registers and payment
machines in addition to handsets of franchised stores
・Expand revenues by introducing new handsets (for QR, etc.) and recurring

32→July 2023 Introduced new handset; began handling recurring payment in October■Issuance of digital regional currencies

40

・Digital collaboration with Suzu City using distributed ID blockchain
26

17

Issuance of Regional Currencies (Stable Coins) under preparation in FY2023

15
57

14

→Oct. 2023 Began handling point service (Tochipo)

7
1
14

16

19

FYE 03/31/2023

FYE March 2024

FYE March 2026

April 2024 Start of stable coin (Tochika) handling

25

・Initiatives for expansion to Ishikawa Prefecture and other local governments
Card

FYE March 2028

FYE March 2033

Local currency
HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.

23You are prohibited from transferring or reproducing this material or distributing it to third parties without firstobtaining the permission of Hokkoku Financial Holdings, Inc. These materials have been prepared solely for the
purpose of providing information, and we do not solicit the purchase or sale of any particular security. All or part ofthe items described in this document are subject to revision or change without notice. These materials include forward-

looking statements about future performance. These statements are not guarantees of future performance. Please notethat these statements may differ from targets due to changes in the business environment and other factors.

Contact for inquiries regarding this material
Hokkoku FINANCIAL HOLDINGS Ltd. General Planning Department PR IR
E-mail : cyosa@hokkokubank.co.jp

HOKKOKU FINANCIAL HOLDINGS, INC. All rights reserved.