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Hokuriku Electric Power, Net Income Forecast for the Fiscal Year Revised Downward by 15%

Tue Mar 24, 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 performance revision after the market closed on March 24th (15:30). The consolidated net income forecast for the fiscal year ending March 2026 has decreased 14.5%, from the previous forecast of 62.0 billion yen to 53.0 billion yen (compared to 65.1 billion yen in the previous period), leading to an increase in the profit decline rate from 4.8% to 18.6%.

Based on the downwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated net income has decreased 64.9%, from the previous forecast of 13.8 billion yen to 4.86 billion yen (compared to 20.9 billion yen in the same period of the previous year), leading to an increase in the profit decline rate from 33.8% to 76.8%.

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 22,454 19,321 13,862 66.4 15 Feb 27, 2026 J-GAAP
Oct - Mar, 2025 New 376,821 22,454 19,321 4,862 23.3 15 Mar 24, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -64.9% -64.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 780,000 89,000 85,000 62,000 296.8 25 Feb 27, 2026 J-GAAP
Mar, 2026 New 780,000 89,000 85,000 53,000 253.7 25 Mar 24, 2026 J-GAAP
Revision Rate 0.0% 0.0% 0.0% -14.5% -14.5%

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 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 4,862 23.3 15 Mar 24, 2026 J-GAAP
YoY -14.0% -42.0% -38.1% -76.8% -76.8%

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 53,000 253.7 25 Mar 24, 2026 J-GAAP
YoY -9.1% -11.9% -7.0% -18.6% -18.7%

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