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Hokuriku Electric Power, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 31%, Dividend Revised Upward by 2.5 Yen

Fri Feb 27, 2026 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 forecast for the fiscal year ending March 2026 has been revised upward 30.8%, from the previous forecast of 65.0 billion yen to 85.0 billion yen (compared to 91.3 billion yen in the previous period), and the declining rate is expected to decrease from 28.9% to 7.0%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit has been revised upward from an expected loss of 0.67 billion yen to a profit of 19.3 billion yen (compared to a profit of 31.1 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 22.5 yen to 25 yen (compared to 20 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, 2025 Prev 376,821 3,454 -679 -138 -0.7 12.50 Oct 30, 2025 J-GAAP
Oct - Mar, 2025 New 376,821 22,454 19,321 13,862 66.4 15 Feb 27, 2026 J-GAAP
Revision Rate 0.0% +550.1% － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 780,000 70,000 65,000 48,000 229.8 22.50 Oct 30, 2025 J-GAAP
Mar, 2026 New 780,000 89,000 85,000 62,000 296.8 25 Feb 27, 2026 J-GAAP
Revision Rate 0.0% +27.1% +30.8% +29.2% +29.2%

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 437,963 38,694 31,198 20,941 100.3 12.50 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 376,821 22,454 19,321 13,862 66.4 15 Feb 27, 2026 J-GAAP
YoY -14.0% -42.0% -38.1% -33.8% -33.8%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 808,238 114,911 107,931 56,811 272.2 7.50 Apr 30, 2024 J-GAAP
Mar, 2025 858,275 101,034 91,363 65,148 312.0 20 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 780,000 89,000 85,000 62,000 296.8 25 Feb 27, 2026 J-GAAP
YoY -9.1% -11.9% -7.0% -4.8% -4.9%

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