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Hokuriku Electric Power, 51% Decrease in Ordinary Profit for The Current Fiscal Year

Mon Apr 28, 2025 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 ending March 2025 decreased 15.4% from the previous period to 91.3 billion yen. In the fiscal year ending March 2026 is also bleak, with an expected significant drop by 50.7% from the previous period to 45 billion yen.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit decreased to 17.7 billion yen, a 22.0% decrease compared to the same period last year. The operating profit margin decreased from 11.4% in the same period last year to 9.8%.

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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, 2023 817,601 -73,791 -93,737 -88,446 -423.7 0 Apr 27, 2023 J-GAAP
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
YoY +6.2% -12.1% -15.4% +14.7% +14.6%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 860,000 90,000 85,000 65,000 311.2 20 Feb 27, 2025 J-GAAP
Mar, 2025 Results 858,275 101,034 91,363 65,148 312.0 20 Apr 28, 2025 J-GAAP
Revision Rate -0.2% +12.3% +7.5% +0.2% +0.2%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 420,312 62,340 60,165 44,207 211.7 7.50 Oct 30, 2024 J-GAAP
Apr - Sep, 2025 Guidance 10 Apr 28, 2025 J-GAAP
YoY

Current Period Guidance

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 Guidance 780,000 50,000 45,000 30,000 143.6 20 Apr 28, 2025 J-GAAP
YoY -9.1% -50.5% -50.7% -54.0% -54.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 214,534 24,402 22,785 -3,538 -17.0 11.4 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 187,636 35,994 35,216 26,421 126.6 19.2 Jul 30, 2024 J-GAAP
Jul - Sep, 2024 232,676 26,346 24,949 17,786 85.2 11.3 Oct 30, 2024 J-GAAP
Oct - Dec, 2024 206,445 16,120 13,424 9,905 47.4 7.8 Jan 30, 2025 J-GAAP
Jan - Mar, 2025 231,518 22,574 17,774 11,036 52.9 9.8 Apr 28, 2025 J-GAAP
YoY +7.9% -7.5% -22.0%

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