Hokuhoku Financial Group, Inc. [8377.T]
TOKYO, Mar 27 (Pulse News Wire) – Hokuhoku Financial Group, Inc. (8377.T) announced revisions to its sixth medium-term management plan targets.
The revised goals for fiscal year 2027 now include a net income target of ¥80 billion and a return on equity (ROE) goal of 8%. Additionally, the operating hours ratio (OHR) target has been raised to the upper half of the 70s range. The company attributes the upward revision to steady progress in its medium-term plans, robust growth in deposits and loans, and ongoing efforts toward sustainable development.
Long-term targets have also been adjusted, with the ROE target increased to 11%, and the OHR target set to the mid-70s range. In addition to revising key performance indicators (KPIs), Hokuhoku Financial Group has raised its cumulative investment and financing related to SX/GX initiatives from ¥1 trillion to ¥1.2 trillion by 2027. The group's asset custody balance target was also increased from ¥2.8 trillion to ¥3 trillion.
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