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Hokkaido Electric Power, 38% Decrease in Ordinary Profit for The Current Fiscal Year, Dividend Raised by 10 yen

Wed Apr 30, 2025 3:30 pm JST Earnings

9509 Hokkaido Electric Power Company, Incorporated 【J-GAAP】

Earnings Report

Hokkaido Electric Power Company, Incorporated <9509> [TSE Prime] announced its financial results after the market closed on April 30th (15:30). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 26.6% from the previous period to 64 billion yen. In the fiscal year ending March 2026, the profit is expected to drop by 37.5% from the previous period to 40 billion yen.

At the same time, the company has decided to increase the dividend this fiscal year to 30 yen, an increase of 10 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit dropped to 7.24 billion yen, a 46.4% decrease compared to the same period last year. The operating profit margin drastically worsened from 7.5% in the same period last year to 4.4%.

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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 888,874 -22,530 -29,251 -22,193 -115.0 0 Apr 27, 2023 J-GAAP
Mar, 2024 953,784 101,155 87,315 66,201 315.4 20 Apr 26, 2024 J-GAAP
Mar, 2025 902,053 75,838 64,051 64,218 305.9 20 Apr 30, 2025 J-GAAP
YoY -5.4% -25.0% -26.6% -3.0% -3.0%

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 902,000 76,000 64,000 64,000 304.8 20 Apr 24, 2025 J-GAAP
Mar, 2025 Results 902,053 75,838 64,051 64,218 305.9 20 Apr 30, 2025 J-GAAP
Revision Rate +0.0% -0.2% +0.1% +0.3% +0.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 416,710 56,168 50,787 50,682 243.4 10 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 15 Apr 30, 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 953,784 101,155 87,315 66,201 315.4 20 Apr 26, 2024 J-GAAP
Mar, 2025 902,053 75,838 64,051 64,218 305.9 20 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 898,000 54,000 40,000 26,000 119.8 30 Apr 30, 2025 J-GAAP
YoY -0.4% -28.8% -37.5% -59.5% -60.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 268,203 20,125 13,522 12,540 59.8 7.5 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 202,569 34,676 33,172 31,245 150.5 17.1 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 214,141 21,492 17,615 19,437 93.4 10.0 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 229,693 8,327 6,017 3,983 19.0 3.6 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 255,650 11,343 7,247 9,553 45.5 4.4 Apr 30, 2025 J-GAAP
YoY -4.7% -43.6% -46.4% -23.8% -23.8%

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