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HOKURIKU ELECTRIC INDUSTRY, 40% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 10 yen, Plan to Continue the 90 yen Policy This Fiscal Year as Well

Fri May 9, 2025 2:00 pm JST Earnings

6989 HOKURIKU ELECTRIC INDUSTRY CO., LTD. 【J-GAAP】

Earnings Report

HOKURIKU ELECTRIC INDUSTRY CO., LTD. <6989> [TSE Std] announced its financial results in the afternoon session on May 9th (14:00). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 8.3% from the previous period to 2.84 billion yen. For the fiscal year ending March 2026, the consolidated ordinary profit is expected to drop by 40.3% from the previous period to 1.7 billion yen. This will be the third consecutive term of declining profits.

At the same time, the company increased the annual dividend for the previous term from 80 yen to 90 yen (compared to 60 yen in the prior term), and has decided to continue with a dividend of 90 yen for the current term as well.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit dropped to 0.51 billion yen, a 33.0% decrease compared to the same period last year. However, the operating profit margin improved from 4.6% in the same period last year to 6.0%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 45,459 2,941 3,581 647 77.4 55 May 10, 2023 J-GAAP
Mar, 2024 40,811 2,271 3,107 2,538 307.3 60 May 10, 2024 J-GAAP
Mar, 2025 43,185 2,600 2,849 2,194 270.8 90 May 9, 2025 J-GAAP
YoY +5.8% +14.5% -8.3% -13.6% -11.9%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 43,000 2,700 2,500 1,800 226.4 80 Nov 8, 2024 J-GAAP
Mar, 2025 Results 43,185 2,600 2,849 2,194 270.8 90 May 9, 2025 J-GAAP
Revision Rate +0.4% -3.7% +14.0% +21.9% +19.6%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 21,421 1,247 941 780 95.5 0 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 9, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 40,811 2,271 3,107 2,538 307.3 60 May 10, 2024 J-GAAP
Mar, 2025 43,185 2,600 2,849 2,194 270.8 90 May 9, 2025 J-GAAP
Mar, 2026 Guidance 40,800 2,000 1,700 1,200 152.9 90 May 9, 2025 J-GAAP
YoY -5.5% -23.1% -40.3% -45.3% -43.5%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 9,498 436 769 384 46.5 4.6 May 10, 2024 J-GAAP
Apr - Jun, 2024 10,521 641 928 752 92.2 6.1 Aug 9, 2024 J-GAAP
Jul - Sep, 2024 10,900 606 13 28 3.4 5.6 Nov 8, 2024 J-GAAP
Oct - Dec, 2024 10,852 701 1,393 1,021 125.3 6.5 Feb 10, 2025 J-GAAP
Jan - Mar, 2025 10,912 652 515 393 48.5 6.0 May 9, 2025 J-GAAP
YoY +14.9% +49.5% -33.0% +2.3% +4.3%

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