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Hokuriku Electric Power, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 12%, Exceeds Full-Year Plan

Thu Jan 29, 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 January 29th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 11.7% from the same period last year, reaching 82.2 billion yen. Progress toward the full-year plan of 65.0 billion yen is 126.5%, already exceeding the target and also exceeding the five-year average of 97.2%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the January to March period (4Q) is expected to turn into a loss of 17.2 billion yen (compared to a profit of 17.7 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 23.2% from the same period last year, reaching 16.5 billion yen. However, the operating profit margin remained almost flat, changing from 7.8% in the same period last year to 7.5%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2023 593,704 90,509 85,146 60,349 289.1 78.9 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 626,757 78,460 73,589 54,112 259.1 80.5 Jan 30, 2025 J-GAAP
Apr - Dec, 2025 583,114 80,084 82,214 60,318 288.8 126.5 Jan 29, 2026 J-GAAP
YoY -7.0% +2.1% +11.7% +11.5% +11.4%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 437,963 38,694 31,198 20,941 100.3 12.50 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 376,821 3,454 -679 -138 -0.7 12.50 Oct 30, 2025 J-GAAP
YoY -14.0% -91.1% － － －

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 70,000 65,000 48,000 229.8 22.50 Oct 30, 2025 J-GAAP
YoY -9.1% -30.7% -28.9% -26.3% -26.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
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
YoY -12.8% -16.0% +23.2% +23.0% +22.9%

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