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, 2022
(Based on Japanese GAAP)
January 27, 2023
Company name:Hokkoku Financial Holdings,Inc.
Stock exchange listing: Tokyo
Stock code:
7381
URL https://www.hfhd.co.jp/President & Chief Executive Officer
Representative:
Shuji Tsuemura
Representative director
Executive Officer,Inquiries:
Tomohiko Kikuzawa
General Manager of General Planning Department
Scheduled date to file Quarterly Securities Report:
February 10, 2023
Scheduled date to commence dividend payments:–
Trading accounts:
No
Preparation of supplementary material on quarterly financial results:
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 nine months ended December 31, 2022 (from April 1, 2022 to December 31, 2022)(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, 2022
67,986
7.9
17,399
16.6
9,960
18.0
Nine months ended December 31, 2021
62,972–
14,919–8,438–
Earnings per share

Diluted earnings per shareYen
378.60303.98Nine months ended December 31, 2022
Nine months ended December 31, 2021

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

Net assets

Millions of yen
5,236,255
5,712,233

Equity ratio

Millions of yen
216,207264,258%
3.9
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

Full year

Profit attributable toOrdinary profit
Earnings per shareowners of parent
Millions of yen% Millions of yen%
Yen
16,500 (13.9)
10,0006.5
397.1614. Notes(1) Changes in significant subsidiaries during the nine months ended December 31, 2022
(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:
Yes
Changes in accounting policies due to other reasons:
Changes in accounting estimates:
Restatement of prior period financial statements:

No
Yes
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, 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 December 31, 2022

1,730,376 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)
Nine months ended December 31, 2022

26,307,713 shares Nine months ended December 31, 2021

227,757,686 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 December 31, 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)

1,181,735–
3,520
13,603
1,403,803
2,534,181
10,652
36,03944,22531,831
8,676
15,141
17,724(64,879)

5,712,233

5,236,255

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

4,306,157–
289,783
331,699
25,7786
20,000164
24,159
–
1,574
410
123
10
1,044
1,411
17,724

Total liabilities

5,447,975

5,020,047

Net assets
Share capital
Capital surplus
Retained earnings
Treasury shares

10,00029,727
182,357(3,124)10,00027,165
189,647(8,130)Total shareholders' equity

218,960

218,681

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)(11,449)–
2,296(1,205)

Total accumulated other comprehensive income

37,597(10,358)

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

3

7,701

7,884

264,258

216,207

5,712,233

5,236,255

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, 2021

Nine months ended
December 31, 2022

Ordinary income

62,972

67,986

Interest income
Interest on loans and discounts
Interest and dividends on securities
Trust fees
Fees and commissions
Other ordinary income
Other income
Ordinary expenses
Interest expenses
Interest on deposits
Fees and commissions payments
Other ordinary expenses
General and administrative expenses
Other expenses

27,14018,149
8,449
0
7,339
13,857
14,63348,052
335
85
2,726
9,080
23,39912,51028,47018,043
10,010
0
7,302
12,31919,89350,586
2,318
75
2,656
17,01922,812
5,779

Ordinary profit

14,91917,399

5
5
456
5
450

52
52
1,444
1,350
93

Profit before income taxes

14,46916,006

Income taxes - current
Income taxes - deferred5,681
169

3,020
2,791

Total income taxes

5,851

5,811

Profit8,618

10,195

179

235

8,438

9,960

Extraordinary income
Gain on disposal of non-current assets
Extraordinary losses
Loss on disposal of non-current assets
Impairment losses

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

4

Consolidated statements of comprehensive income (cumulative)(Millions of yen)
Nine months ended
December 31, 2021

Nine months ended
December 31, 2022

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

8,618(356)(779)

10,195(48,001)(48,148)

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

3
419

(115)
262

8,261

(37,806)

8,147(37,994)

114

188

Comprehensive income
Comprehensive income attributable toComprehensive income attributable to owners of parent
Comprehensive income attributable to non-controllinginterests5