Hokuhoku Financial Group Reports Negative Goodwill Gain in First Quarter

TOKYO, Jul 29 (Pulse News Wire) – Hokuhoku Financial Group, Inc. (8377.S) reported a negative goodwill gain of approximately ¥2.700 billion in its first quarter ending March 2027.

The gain was recognized as part of the operating profit from equity method investments due to the acquisition of shares in North Land Computer Services Co., Ltd. on April 01, 2026. In the first quarter of fiscal year 2027, Hokuhoku Financial Group's subsidiary, Hokuriku Bank, acquired shares in North Land Computer Services Co., Ltd., making it an equity-method affiliate.

As a result of this transaction, the company recorded a negative goodwill gain of about ¥2.700 billion. This gain was included in the operating profit from equity method investments for the first quarter of the fiscal year ending March 2027. Looking ahead, the company stated that this adjustment has been reflected in its interim earnings announcement for the first quarter of fiscal year 2027.

Investors and stakeholders can find more detailed information in the company’s “Interim Report for the First Quarter Ending March 2027 (Consolidated).” For further inquiries, interested parties should Takahashi Jun at,331.