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Hokkaido Electric Power, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 8%

Fri Oct 31, 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 October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) increased 22.0% from the same period last year, reaching 61.9 billion yen.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 7.5%, from the previous forecast of 40.0 billion yen to 43.0 billion yen (compared to 64.0 billion yen in the previous period), and the declining rate is expected to decrease from 37.5% to 32.9%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit/loss for the October to March period (second half) is expected to turn into a loss of 18.9 billion yen (compared to a profit of 13.2 billion yen in the same period last year).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 15.1% from the same period last year, reaching 20.2 billion yen. The operating profit margin rose from 10.0% in the same period last year to 11.5%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 458,579 74,966 70,323 51,037 245.0 80.5 Oct 26, 2023 J-GAAP
Apr - Sep, 2024 416,710 56,168 50,787 50,682 243.4 79.3 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 411,951 67,967 61,939 44,831 214.9 144.0 Oct 31, 2025 J-GAAP
YoY -1.1% +21.0% +22.0% -11.5% -11.7%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 15 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 411,951 67,967 61,939 44,831 214.9 15 Oct 31, 2025 J-GAAP
Revision Rate － － － － －

Guidance Update

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 863,000 54,000 40,000 26,000 119.7 30 Jul 31, 2025 J-GAAP
Mar, 2026 New 868,000 57,000 43,000 28,000 129.5 30 Oct 31, 2025 J-GAAP
Revision Rate +0.6% +5.6% +7.5% +7.7% +8.1%

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 485,343 19,670 13,264 13,536 64.5 10 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 456,049 -10,967 -18,939 -16,831 -77.8 15 Oct 31, 2025 J-GAAP
YoY -6.0% － － － －

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 868,000 57,000 43,000 28,000 129.5 30 Oct 31, 2025 J-GAAP
YoY -3.8% -24.8% -32.9% -56.4% -57.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
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
Apr - Jun, 2025 202,497 43,898 41,658 30,775 148.2 21.7 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 209,454 24,069 20,281 14,056 67.4 11.5 Oct 31, 2025 J-GAAP
YoY -2.2% +12.0% +15.1% -27.7% -27.8%

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