Hokuhoku Financial Group Posts Higher First Quarter Net Profit Amid Improved Funding Income

TOKYO, Jul 29 (Pulse News Wire) – Hokuhoku Financial Group, Inc. (8377.S) reported a net profit attributable to parent shareholders of ¥23.58 billion for the quarter ended June 30, 2026, marking a significant increase compared to 90.6% in the same period last year.

Operating revenue rose to ¥77.86 billion from ¥59.75 billion. The group's operating income also saw a notable improvement, reaching 59.1% compared to 73.4% in the previous year’s corresponding quarter. Additionally, ordinary income increased to ¥32.00 billion from ¥20.11 billion during the same timeframe. In terms of asset management, total assets stood at ¥17.22 trillion as of June 30, 2026, while equity capital reached ¥758.4 billion, resulting in a capital adequacy ratio of 4.4%.

Looking ahead, the company expects its net profit attributable to parent shareholders to reach ¥62.00 billion for the fiscal year ending March 31, 2027. The firm anticipates issuing interim dividends of ¥75 per share in the second quarter of the fiscal year. Notably, Hokuhoku Financial Group plans to implement a stock split, distributing ten shares for every existing share held, effective from October 01, 2026. The dividend payout for the second quarter will be based on the pre-split share count, whereas the final dividend will reflect the post-split distribution.