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An update from Hokuhoku Financial Group, Inc. ( (JP:8377) ) is now available.
Hokuhoku Financial Group, Inc. has announced its decision to acquire all outstanding preferred shares, excluding its own, as part of a strategic move to leverage its favorable performance and accumulated retained earnings. This acquisition, expected to be completed by April 1, 2025, will result in a slight decrease in the company’s consolidated capital adequacy ratio, reflecting its commitment to sustainable regional development and shareholder value.
More about Hokuhoku Financial Group, Inc.
Hokuhoku Financial Group, Inc. operates in the financial services industry, focusing on banking and financial solutions. The company is listed on the Tokyo Stock Exchange Prime Market and the Sapporo Securities Exchange, and it emphasizes activities rooted in local community development.
YTD Price Performance: 13.88%
Average Trading Volume: 391,725
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen268.2B
Learn more about 8377 stock on TipRanks’ Stock Analysis page.