HOKURIKU ELECTRICAL CONSTRUCTION continues sharp rise as FY03/26 operating profit far exceeds plan, forecasts double-digit profit growth for this term

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Thu Apr 30, 2026 9:51 am JST Catalyst

HOKURIKU ELECTRICAL CONSTRUCTION <1930> extended its sharp gains after announcing a robust earnings beat and optimistic outlook. For the fiscal year ended March 2026, operating profit reached 5.12 billion yen (up 17.7% year-on-year), significantly outperforming the company's previous guidance of 4 billion yen. The market also welcomed a forecast for continued double-digit growth in the fiscal year ending March 2027, with operating profit projected to rise 17.2% to 6 billion yen. The company attributed the profit jump to stringent project and cost management.

Sales for the year ended March 2026 totaled 61.02 billion yen (up 9.7%), slightly ahead of its 61 billion yen target. Performance was bolstered by a record backlog of carried-over projects from fiscal 2024, strong order intake, and contributions from M&A activities.

For the fiscal year ending March 2027, HOKURIKU ELECTRICAL CONSTRUCTION projects sales to reach 70 billion yen (up 14.7%), driven by another record high in carried-over work. Despite rising personnel costs, the group expects to maintain double-digit profit growth through ongoing cost-reduction measures.

Source: MINKABU PRESS

*Translated by generative AI. Click here for the original article.