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Hokkaido Electric Power, Ordinary Profit Forecast for Last Fiscal Year Revised Upward by 42%

Fri Apr 24, 2026 3:30 pm JST Revision

9509 Hokkaido Electric Power Company, Incorporated 【J-GAAP】

Guidance Update Report

Hokkaido Electric Power Company, Incorporated <9509> [TSE Prime] announced a performance revision after the market closed on April 24th (15:30). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 41.9%, from the previous forecast of 43.0 billion yen to 61.0 billion yen (compared to 64.0 billion yen in the previous period), and the declining rate is expected to decrease from 32.9% to 4.8%.

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/loss has been revised upward from an expected loss of 18.9 billion yen to a loss of 0.93 billion yen (compared to a profit of 13.2 billion yen in the same period of the previous year), indicating a reduction in the loss margin.

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 455,049 -8,967 -18,939 -16,831 -77.8 15 Jan 30, 2026 J-GAAP
Oct - Mar, 2025 New 444,049 5,033 -939 -831 -3.9 15 Apr 24, 2026 J-GAAP
Revision Rate -2.4% － +95.0% +95.1% +95.0%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 867,000 59,000 43,000 28,000 129.5 30 Jan 30, 2026 J-GAAP
Mar, 2026 New 856,000 73,000 61,000 44,000 207.4 30 Apr 24, 2026 J-GAAP
Revision Rate -1.3% +23.7% +41.9% +57.1% +60.2%

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 485,343 19,670 13,264 13,536 64.5 10 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 444,049 5,033 -939 -831 -3.9 15 Apr 24, 2026 J-GAAP
YoY -8.5% -74.4% － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 953,784 101,155 87,315 66,201 315.4 20 Apr 26, 2024 J-GAAP
Mar, 2025 902,053 75,838 64,051 64,218 305.9 20 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 856,000 73,000 61,000 44,000 207.4 30 Apr 24, 2026 J-GAAP
YoY -5.1% -3.7% -4.8% -31.5% -32.2%

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