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HOKURIKU ELECTRIC INDUSTRY, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 4%, Exceeds Full-Year Plan

Mon Feb 9, 2026 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 February 9th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 4.2% from the same period last year to 2.23 billion yen. However, Progress toward the full-year plan of 2.10 billion yen is 106.5%, already exceeding the target and also exceeding the five-year average of 77.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 0.13 billion yen (compared to a profit of 0.51 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 0.86 billion yen, a 38.0% decrease compared to the same period last year. The operating profit margin worsened from 6.5% in the same period last year to 5.4%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 31,313 1,835 2,338 2,154 259.8 75.2 Feb 9, 2024 J-GAAP
Apr - Dec, 2024 32,273 1,948 2,334 1,801 221.1 81.9 Feb 10, 2025 J-GAAP
Apr - Dec, 2025 32,064 1,934 2,236 1,675 213.4 106.5 Feb 9, 2026 J-GAAP
YoY -0.6% -0.7% -4.2% -7.0% -3.5%

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
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
Oct - Dec, 2025 11,431 616 863 624 79.5 5.4 Feb 9, 2026 J-GAAP
YoY +5.3% -12.1% -38.0% -38.9% -36.6%

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