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Hokkaido Electric Power, 51% Decrease in Ordinary Profit for The Current Fiscal Year, Increased Previous Year's Dividend by 2 Yen, This Fiscal Year to Increase Dividend by 1 Yen

Tue Apr 28, 2026 3:30 pm JST Earnings

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

Earnings Report

Hokkaido Electric Power Company, Incorporated <9509> [TSE Prime] announced its financial results after the market closed on April 28th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 4.2% from the previous period to 61.3 billion yen. For the fiscal year ending March 2027 is also bleak, with an expected significant drop by 51.1% from the previous period to 30.0 billion yen. This will be the third consecutive term of declining profits.

At the same time, the company increased the annual dividend for the previous term from 30 yen to 32 yen (compared to 20 yen in the prior term), and has decided to increase the dividend this fiscal year to 33 yen, an increase of 1 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit/loss turned to a loss of 6.63 billion yen (compared to a profit of 7.24 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 4.4% in the same period last year to -2.5%.

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Actual Results

Historical Performance
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 855,983 73,238 61,348 43,998 207.4 32 Apr 28, 2026 J-GAAP
YoY -5.1% -3.4% -4.2% -31.5% -32.2%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 856,000 73,000 61,000 44,000 207.4 30 Apr 24, 2026 J-GAAP
Mar, 2026 Results 855,983 73,238 61,348 43,998 207.4 32 Apr 28, 2026 J-GAAP
Revision Rate 0.0% +0.3% +0.6% 0.0% 0.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 411,951 67,967 61,939 44,831 214.9 15 Oct 31, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 16.50 Apr 28, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 902,053 75,838 64,051 64,218 305.9 20 Apr 30, 2025 J-GAAP
Mar, 2026 855,983 73,238 61,348 43,998 207.4 32 Apr 28, 2026 J-GAAP
Mar, 2027 Guidance 970,000 48,000 30,000 22,000 100.3 33 Apr 28, 2026 J-GAAP
YoY +13.3% -34.5% -51.1% -50.0% -51.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 255,650 11,343 7,247 9,553 45.5 4.4 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 202,497 43,898 41,658 30,775 148.2 21.7 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 209,454 24,069 20,281 14,056 67.4 11.5 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 205,752 11,190 6,043 3,991 19.0 5.4 Jan 30, 2026 J-GAAP
Jan - Mar, 2026 238,280 -5,919 -6,634 -4,824 -22.7 -2.5 Apr 28, 2026 J-GAAP
YoY -6.8% － － － －

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