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HOKURIKU ELECTRIC INDUSTRY, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 24%

Mon Nov 10, 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 November 10th (14:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 1.37 billion yen, an increase 45.9% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 23.5%, from the previous forecast of 1.70 billion yen to 2.10 billion yen (compared to 2.84 billion yen in the previous period), and the declining rate is expected to decrease from 40.3% to 26.3%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop 61.9% from the same period last year to 0.72 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 67 times that of the same period last year, reaching 0.86 billion yen. The operating profit margin improved from 5.6% in the same period last year to 6.3%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 20,863 1,101 1,865 1,511 181.1 60.0 Nov 10, 2023 J-GAAP
Apr - Sep, 2024 21,421 1,247 941 780 95.5 33.0 Nov 8, 2024 J-GAAP
Apr - Sep, 2025 20,633 1,318 1,373 1,051 134.0 65.4 Nov 10, 2025 J-GAAP
YoY -3.7% +5.7% +45.9% +34.7% +40.2%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 0 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 20,633 1,318 1,373 1,051 134.0 0 Nov 10, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 40,800 2,000 1,700 1,200 152.9 90 May 9, 2025 J-GAAP
Mar, 2026 New 42,300 2,100 2,100 1,600 203.9 90 Nov 10, 2025 J-GAAP
Revision Rate +3.7% +5.0% +23.5% +33.3% +33.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 21,764 1,353 1,908 1,414 174.5 90 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 21,667 782 727 549 70.0 90 Nov 10, 2025 J-GAAP
YoY -0.4% -42.2% -61.9% -61.2% -59.9%

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 42,300 2,100 2,100 1,600 203.9 90 Nov 10, 2025 J-GAAP
YoY -2.0% -19.2% -26.3% -27.1% -24.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 10,094 649 507 257 32.8 6.4 Aug 8, 2025 J-GAAP
Jul - Sep, 2025 10,539 669 866 794 101.2 6.3 Nov 10, 2025 J-GAAP
YoY -3.3% +10.4% +6,561.5% +2,735.7% +2,851.0%

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