Hokuhoku Financial Group Inc (8377.T) Key Developments | Reuters.com
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Hokuhoku Financial Group Inc (8377.T)

8377.T on Tokyo Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Hokuhoku Financial Group to repurchase 30 mln shares
Friday, 24 Jun 2016 02:00am EDT 

Hokuhoku Financial Group <8377.T>: Says it will repurchase up to 30,000,000 shares, representing a 2.2 percent stake . Says share repurchase up to 4 billion yen in total .Says repurchase period from July 1 to Aug. 19.  Full Article

R&I affirms Hokuhoku Financial Group‘s rating at "A" and stable outlook
Monday, 23 May 2016 02:03am EDT 

Hokuhoku Financial Group Inc <8377.T>: Says rating and Investment Information, Inc. (R&I) affirmed the rating on Hokuhoku Financial Group at "A" .Rating outlook stable.  Full Article

Hokuhoku Financial Group announces basic agreement on utilization of system with The Higashi-Nippon Bank, Limited.
Thursday, 31 Mar 2016 02:00am EDT 

Hokuhoku Financial Group Inc:Announces basic agreement on utilization of system MEJAR, with The Higashi-Nippon Bank, Limited.Sees joint utilization may happen in mid-year of 2018.  Full Article

Hokuhoku Financial Group to set up securities company with Tokai Tokyo Financial Holdings
Tuesday, 22 Mar 2016 03:30am EDT 

Hokuhoku Financial Group Inc:Says to set up joint venture in Toyama Prefecture, Japan, with Tokai Tokyo Financial Holdings, for financial instruments business.Says Hokuhoku Financial Group to hold 60 pct and Tokai Tokyo Financial Holdings to hold 40 pct stake in the securities company respectively.  Full Article

Hokuhoku Financial Group raises consolidated full-year outlook for FY 2016
Wednesday, 11 Nov 2015 01:00am EST 

Hokuhoku Financial Group Inc:Says the company increased the consolidated full-year outlook for revenue to 190,000 mln yen from 187,000 mln yen, for the fiscal year ending March 31, 2016.Ordinary profit forecast increased to 44,000 mln yen from 39,500 mln yen.Net profit forecast increased to 29,500 mln yen from 26,000 mln yen.Earnings per share increased to 20.81 yen from 18.20 yen.Comments the lower credit costs as the main reason for the forecast.  Full Article

Hokuhoku Financial Group raises consolidated mid-year and full-year outlook for FY 2016
Tuesday, 4 Aug 2015 02:00am EDT 

Hokuhoku Financial Group Inc:Says the company raised the consolidated mid-year outlook for ordinary revenue to 95,500 million yen from 93,500 million yen for the fiscal year ending March 31, 2016.Sees an increase of mid-year ordinary profit forecast to 23,000 million yen from 16,000 million yen.Sees an increase of mid-year net profit forecast to 14,500 million yen from 9,500 million yen.Sees an increase of mid-year earnings per share to 10.22 yen from 6.48 yen.Says the company raised the consolidated full-year outlook for ordinary revenue to 187,000 million yen from 185,000 million yen for the fiscal year ending March 31, 2016.Sees an increase of full-year ordinary profit forecast to 39,500 million yen from 33,500 million yen.Sees an increase of full-year net profit forecast to 26,000 million yen from 21,500 million yen.Sees an increase of full-year earnings per share to 18.20 yen from 14.84 yen.Comments that increased gain on investment securities operation and decreased credit expenses are the main reasons for the forecast.  Full Article

Hokuhoku Financial Group announces resignation of chairman
Tuesday, 12 May 2015 02:00am EDT 

Hokuhoku Financial Group Inc:Says Yoshihiro Sekihachi to resign from chairman of the board, on June 26.  Full Article

Hokuhoku Financial Group to pay year-end dividend for FY 2015
Tuesday, 12 May 2015 02:00am EDT 

Hokuhoku Financial Group Inc:To pay year-end dividend of 4.25 yen per share, above latest dividend forecast of 4 yen per share, for fiscal year ended March 2015.Record date March 31 and effective date June 29.  Full Article

R&I affirms Hokuhoku Financial Group Inc's rating at "A" and stable outlook
Thursday, 30 Apr 2015 02:00am EDT 

Hokuhoku Financial Group Inc:Rating and Investment Information, Inc. (R&I) has affirmed the rating on the company at "A".The rating outlook is stable.  Full Article

Hokuhoku Financial Group raises full-year consolidated outlook for FY 2015
Tuesday, 3 Feb 2015 01:00am EST 

Hokuhoku Financial Group Inc:Raised full-year consolidated outlook for fiscal year ending March 31, 2015.Full-year revenue outlook of 190,000 mln yen raised from 185,000 mln yen.Full-year ordinary profit outlook of 42,000 mln yen raised from 35,000 mln yen.Full-year net profit outlook of 23,500 mln yen raised from 21,000 mln yen.Full-year earnings per share outlook of 16.33 yen raised from 14.47 yen.Outlook raised due to increased securities profit and decreased credit related expense of bank subsidiaries.  Full Article

BRIEF-Hokuhoku Financial Group to repurchase 30 mln shares

* Says it will repurchase up to 30,000,000 shares, representing a 2.2 percent stake