Hokuhoku Financial, The Current Fiscal Year Ordinary Profit Revised Upward by 21%

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Mon Feb 3, 2025 3:30 pm JST Earnings

8377 Hokuhoku Financial Group, Inc. 【J-GAAP】

Earnings Report

Hokuhoku Financial Group, Inc. <8377> [TSE Prime] announced its financial results after the market closed on February 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) surged 2.0 times that of the same period last year, reaching 39.7 billion yen.

In addition, the full-year consolidated ordinary profit has been revised upward 21.1%, from the previous forecast of 38 billion yen to 46 billion yen (compared to 23.2 billion yen in the previous period), increasing the growth rate from 63.2% to 97.6%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (2H) is expected to increase 64.3%, from the previous forecast of 12.4 billion yen to 20.4 billion yen (compared to 9.16 billion yen in the same period of the previous year), increasing the growth rate from 35.8% to 2.2 times.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit surged 2.5 times that of the same period last year, reaching 14.2 billion yen.

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Actual Results

Accumulated Results 3rd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Dec, 2022	139,834	ー	21,723	14,031	105.2	82.3	Jan 31, 2023	J-GAAP
Apr - Dec, 2023	145,066	ー	19,821	20,982	163.4	85.1	Jan 30, 2024	J-GAAP
Apr - Dec, 2024	151,449	ー	39,795	31,073	249.0	86.5	Feb 3, 2025	J-GAAP
YoY	+4.4%	－	+100.8%	+48.1%	+52.3%

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	ー	ー	12,450	6,398	51.5	20	Nov 11, 2024	J-GAAP
Oct - Mar, 2024 New	ー	ー	20,450	16,398	132.5	20	Feb 3, 2025	J-GAAP
Revision Rate	－	－	+64.3%	+156.3%	+157.2%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	ー	ー	38,000	25,000	201.2	42.50	Nov 11, 2024	J-GAAP
Mar, 2025 New	ー	ー	46,000	35,000	282.7	42.50	Feb 3, 2025	J-GAAP
Revision Rate	－	－	+21.1%	+40.0%	+40.5%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	93,953	ー	9,168	6,956	53.4	40	May 10, 2024	J-GAAP
Oct - Mar, 2024 Guidance	ー	ー	20,450	16,398	132.5	20	Feb 3, 2025	J-GAAP
YoY	－	－	+123.1%	+135.7%	+148.0%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	187,883	ー	26,392	21,435	159.2	37	May 10, 2023	J-GAAP
Mar, 2024	190,104	ー	23,278	23,048	177.0	40	May 10, 2024	J-GAAP
Mar, 2025 Guidance	ー	ー	46,000	35,000	282.7	42.50	Feb 3, 2025	J-GAAP
YoY	－	－	+97.6%	+51.9%	+59.7%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	48,915	ー	5,711	4,890	38.1	0.0	Jan 30, 2024	J-GAAP
Jan - Mar, 2024	45,038	ー	3,457	2,066	15.9	0.0	May 10, 2024	J-GAAP
Apr - Jun, 2024	46,754	ー	11,599	7,459	60.1	0.0	Jul 29, 2024	J-GAAP
Jul - Sep, 2024	52,455	ー	13,951	11,143	88.3	0.0	Nov 11, 2024	J-GAAP
Oct - Dec, 2024	52,240	ー	14,245	12,471	99.9	0.0	Feb 3, 2025	J-GAAP
YoY	+6.8%	－	+149.4%	+155.0%	+162.3%