Hokuhoku Financial raises profit, dividend forecasts for fiscal year

Hokuhoku Financial Group, Inc. has revised its consolidated financial forecast upward for the fiscal year ending March 2026, citing improved business performance. For the second quarter (cumulative), ordinary profits are now projected to be JPY 41,500 million, a 31.7% increase from the previous JPY 31,500 million forecast. Net income attributable to owners of the parent is expected to rise by 39.5% to JPY 30,000 million from JPY 21,500 million.

For the full fiscal year, the company forecasts ordinary profits of JPY 72,000 million, an increase of JPY 12,000 million (20.0%) from the previous JPY 60,000 million. Net income attributable to owners of the parent is projected at JPY 50,000 million, up JPY 9,000 million (21.9%) from the initial JPY 41,000 million forecast. This revision is driven by an expected increase in interest income and fees, coupled with lower credit costs at subsidiary banks.

Reflecting the improved earnings outlook, Hokuhoku Financial Group also announced an increase in its interim and fiscal year-end dividend forecasts by JPY 10.00 each, setting them at JPY 45.00 per share. This brings the annual dividend forecast to JPY 90.00 per share, an increase of JPY 20.00 from the previous JPY 70.00 forecast.