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Hokuriku Electric Power Company hits new year-to-date low on 54% net profit decline forecast for March 2027

Thu Apr 30, 2026 10:24 am JST Catalyst

Hokuriku Electric Power Company <9505> fell sharply, hitting a new year-to-date low for the first time in approximately three months. After the close of trading on the 28th, a holiday, Hokuriku Electric Power announced its consolidated earnings forecast for the fiscal year ending March 2027, projecting sales of 760 billion yen (down 3.4% year-on-year) and net profit of 25 billion yen (down 54.1% year-on-year). The outlook for a second consecutive year of profit decline has triggered selling.

The company anticipates a decrease in total electricity sales and has factored in the impact of the shutdown of the Nanao Ota Thermal Power Plant Unit 2. The dividend forecast was set at 25 yen (unchanged from the previous year). In its fiscal March 2026 results also announced at the same time, sales came in at 786,552 million yen (down 8.4% year-on-year) and net profit at 54,466 million yen (down 16.4% year-on-year).

Source: MINKABU PRESS

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

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