Hokuyo Bank (8524) Earnings: Ordinary Income Up 38.2% YoY to 11.22 Billion Yen, Net Income Increases 40.3%

Hokuyo Bank (8524) released its financial results, reporting ordinary revenue of 73.688 billion yen, a significant increase of 68.1% compared to the same period of the previous year. Profitability also showed strong growth, with ordinary income rising 38.2% YoY to 11.223 billion yen and net income attributable to owners of the parent jumping 40.3% YoY to 8.295 billion yen. Earnings per share (EPS) stood at 22.17 yen.

From a financial and valuation perspective, the capital adequacy ratio stands at 2.9%, reflecting the characteristic business model of the banking sector. However, retained earnings have reached 203.96 billion yen, demonstrating a solid capital base as a regional financial institution. The return on equity (ROE) is 2.09% and the return on assets (ROA) is 0.06%, reflecting ongoing efforts to improve profitability. While comprehensive income decreased by 41.4% YoY to 10.07 billion yen, the sharp growth in core ordinary and net income highlights the robust performance of the period.