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Hokuriku Electric Power, The Current Fiscal Year Ordinary Profit Revised Upward by 42%, Dividend Revised Upward by 2.5 yen

Thu Feb 27, 2025 3:30 pm JST Revision

9505 Hokuriku Electric Power Company 【J-GAAP】

Guidance Update Report

Hokuriku Electric Power Company <9505> [TSE Prime] announced a revision to its performance and dividend after the market closed on February 27th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 has been revised upward 41.7%, from the previous forecast of 60 billion yen to 85 billion yen (compared to 107 billion yen in the previous period), and the declining rate is expected to decrease from 44.4% to 21.2%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit has been revised upward from an expected loss of 0.16 billion yen to a profit of 24.8 billion yen (compared to a profit of 37.9 billion yen in the same period of the previous year), turning to a profit.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 17.5 yen to 20 yen (compared to 7.5 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 Prev 434,688 2,660 -165 793 3.8 10 Oct 30, 2024 J-GAAP
Oct - Mar, 2024 New 439,688 27,660 24,835 20,793 99.6 12.50 Feb 27, 2025 J-GAAP
Revision Rate +1.2% +939.8% － +2,522.1% +2,520.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Prev 855,000 65,000 60,000 45,000 215.5 17.50 Oct 30, 2024 J-GAAP
Mar, 2025 New 860,000 90,000 85,000 65,000 311.2 20 Feb 27, 2025 J-GAAP
Revision Rate +0.6% +38.5% +41.7% +44.4% +44.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2023 400,317 39,899 37,928 5,623 26.9 7.50 Apr 30, 2024 J-GAAP
Oct - Mar, 2024 Guidance 439,688 27,660 24,835 20,793 99.6 12.50 Feb 27, 2025 J-GAAP
YoY +9.8% -30.7% -34.5% +269.8% +269.6%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 817,601 -73,791 -93,737 -88,446 -423.7 0 Apr 27, 2023 J-GAAP
Mar, 2024 808,238 114,911 107,931 56,811 272.2 7.50 Apr 30, 2024 J-GAAP
Mar, 2025 Guidance 860,000 90,000 85,000 65,000 311.2 20 Feb 27, 2025 J-GAAP
YoY +6.4% -21.7% -21.2% +14.4% +14.4%

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