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Hokuriku Electric Power, 59% Decrease in Ordinary Profit for The Current Fiscal Year

Tue Apr 28, 2026 3:30 pm JST Earnings

9505 Hokuriku Electric Power Company 【J-GAAP】

Earnings Report

Hokuriku Electric Power Company <9505> [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 7.0% from the previous period to 85.0 billion yen. For the fiscal year ending March 2027 is also bleak, with an expected significant drop by 58.8% from the previous period to 35.0 billion yen. This will be the third consecutive term of declining profits.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit significantly dropped to 2.79 billion yen, an 84.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 9.8% in the same period last year to 3.6%.

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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 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 786,552 87,459 85,013 54,466 260.7 25 Apr 28, 2026 J-GAAP
YoY -8.4% -13.4% -7.0% -16.4% -16.4%

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 780,000 89,000 85,000 53,000 253.7 25 Mar 24, 2026 J-GAAP
Mar, 2026 Results 786,552 87,459 85,013 54,466 260.7 25 Apr 28, 2026 J-GAAP
Revision Rate +0.8% -1.7% +0.0% +2.8% +2.8%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 403,179 66,546 65,679 48,138 230.5 10 Oct 30, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 12.50 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 858,275 101,034 91,363 65,148 312.0 20 Apr 28, 2025 J-GAAP
Mar, 2026 786,552 87,459 85,013 54,466 260.7 25 Apr 28, 2026 J-GAAP
Mar, 2027 Guidance 760,000 40,000 35,000 25,000 119.7 25 Apr 28, 2026 J-GAAP
YoY -3.4% -54.3% -58.8% -54.1% -54.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 231,518 22,574 17,774 11,036 52.9 9.8 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 186,079 36,272 35,881 27,986 134.0 19.5 Jul 30, 2025 J-GAAP
Jul - Sep, 2025 217,100 30,274 29,798 20,152 96.5 13.9 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 179,935 13,538 16,535 12,180 58.3 7.5 Jan 29, 2026 J-GAAP
Jan - Mar, 2026 203,438 7,375 2,799 -5,852 -28.0 3.6 Apr 28, 2026 J-GAAP
YoY -12.1% -67.3% -84.3% － －

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