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, 2023
(Based on Japanese GAAP)
October 27, 2023
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:

November 20, 2023

Scheduled date to commence dividend payments:
Trading accounts:

December 5, 2023
NoPreparation 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 six months ended September 30, 2023 (from April 1, 2023 to September 30, 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%Six months ended September 30, 2023
48,007(6.4)
9,862 (51.8)
6,846 (46.9)
Six months ended September 30, 2022
51,328–20,463–
12,895–
Earnings per share

Diluted earnings per shareYen
278.69484.42Six months ended September 30, 2023
Six months ended September 30, 2022

Yen
278.54–(2) Consolidated financial position
Total assets
As of September 30, 2023
As of March 31, 2023

Net assets

Millions of yen
5,461,818
5,603,724

Equity ratio

Millions of yen
225,569
237,688%
3.9
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
100.00–55.00

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
459.101

4. Notes(1) Changes in significant subsidiaries during the six months ended September 30, 2023
(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:No
Changes in accounting policies due to other reasons:
Changes in accounting estimates:

No
No

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, 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 September 30, 2023

1,248,898 shares As of March 31, 20231,809,299 shares

Average number of shares during the period (cumulative from the beginning of the fiscal year)
Six months ended September 30, 2023

24,568,218 shares Six months ended September 30, 2022

226,620,822 shares

Quarterly consolidated financial statements
Consolidated balance sheets(Millions of yen)
As of March 31, 2023
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 assets
Intangible fixed assets
Deferred tax assets
Customers' liabilities for acceptances and guarantees
Allowance for loan losses

As of September 30, 2023

1,354,859
141,000
3,266–
13,535
1,468,300
2,523,613
11,68436,445
51,111
32,102
8,539
4,617
17,282(62,631)1,209,683
188,000
3,225
5
13,591
1,479,159
2,463,183
10,01937,73742,86738,557
9,561
10,77918,008(62,559)

5,603,724

5,461,818

4,360,798
532,156
360,955
26,553
3
20,000164
42,925
712
1,376
410
96
2
1,185
1,411
17,282

4,384,213
453,525
326,854131
0
20,000168
27,755
700
1,258
410
96
0
1,747
1,377
18,008

Total liabilities

5,366,036

5,236,249

Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares

10,00027,139188,428(8,216)

10,00019,557
194,090(6,047)

Total shareholders' equity

217,351

217,600

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

11,332(2)
2,296(1,333)(2,240)735
2,220(1,054)

Total accumulated other comprehensive income

12,292(339)

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

38,044

8,308

237,688

225,569

5,603,724

5,461,818

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

Six months ended
September 30, 2023

51,32848,007

Interest income
Interest on loans and discounts

19,32911,95920,737
12,360Interest and dividends on securities
Trust fees

7,065
08,0300Fees and commissions
Other ordinary income

4,773
8,798

4,931
7,484

18,42730,865

14,85338,145Interest expenses
Interest on deposits

1,171
47

3,928
79

Fees and commissions payments
Other ordinary expenses

1,775
11,948

1,829
13,252

General and administrative expenses
Other expenses

14,946
1,023

16,1582,976

20,463

9,862

Extraordinary income
Gain on disposal of non-current assets

33
33

––

Extraordinary losses
Loss on disposal of non-current assets

1,419
1,330

529
387

88

142

Profit before income taxes

19,077

9,332

Income taxes - current

3,066

2,530

Income taxes - deferred

2,959

(180)

Total income taxes

6,025

2,350

Profit13,051

6,981

156

134

12,895

6,846

Other income
Ordinary expenses

Ordinary profit

Impairment losses

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

4

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

Six months ended
September 30, 2023

Profit13,051

6,981

Other comprehensive income
Valuation difference on available-for-sale securities(42,803)(42,894)(12,439)(13,456)

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

(115)
207

737
278

Comprehensive income(29,751)(5,457)

Comprehensive income attributable toComprehensive income attributable to owners of parent(29,857)(5,709)106

252

Comprehensive income attributable to non-controllinginterests

5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 for
land

(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 ofparent12,895Purchase 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)

Six months ended September 30, 2023
(Millions of yen)
Shareholders' equity
Share capital
Balance at beginning of period

10,000CapitalsurplusRetainedearnings

27,139188,428

Treasuryshares(8,216)

Total
shareholders'equity
217,351

Changes during period
Dividends of surplus(1,260)(1,260)

Profit attributable to owners ofparent

6,846

6,846

Purchase of treasury shares
Disposal of treasury shares
Cancellation of treasury shares(5,617)(5,617)

(6)

104

97

(7,682)

7,682–

Reversal of revaluation reserve for
land

75

75

Change by business combination

97

97

Change in ownership interest ofparent due to transactions with
non-controlling interests

99

Net changes in items other thanshareholders' equity
Total changes during period
Balance at end of period–(7,581)

5,662

2,169

249

10,00019,557

194,090(6,047)

217,600

Accumulated other comprehensive income
Valuationdifference on
available-forsale
securities
Balance at beginning of period

11,332

Deferred
gains orlosses onhedges
(2)

Total

Revaluation
reserve forland

Remeasurements

accumulatedof definedotherbenefit planscomprehensive

Noncontrollinginterests

Total net
assets

8,044

237,688

income2,296(1,333)

12,292

Changes during period
Dividends of surplus(1,260)

Profit attributable to owners ofparent

6,846

Purchase of treasury shares(5,617)

Disposal of treasury shares

97

Cancellation of treasury shares–

Reversal of revaluation reserve forland

75

Change by business combination

97

Change in ownership interest ofparent due to transactions withnon-controlling interests

9

Net changes in items other thanshareholders' equity(13,573)

737

Total changes during period(13,573)

737

Balance at end of period(2,240)

735

(75)

278

(12,632)

(75)

278

(12,632)

263(12,118)

2,220(1,054)

(339)

8,308

225,5697263(12,368)