#HokkaidoElectricPower

Issuance of Euro-Yen convertible bond-type bonds with stock acquisition rights due 2031 totaling 40 billion yen. Conversion price is 1,353.0 yen, potential stock dilution rate is 14.40%, issue date is 2026-03-02.

On February 12, 2026, Mizuho Securities and MHI announced the possibility of purchasing up to 8.27% of voting rights equivalent in Hokkaido Electric Power's 2031 maturity Euro Yen convertible bonds with warrants.

Hokkaido Electric Power will issue 40 billion yen in euro yen-denominated convertible bonds with stock acquisition rights due 2031, primarily to be allocated to gas business entry and next-generation energy investments.

For the third quarter of the fiscal year ending March 2026, net sales were 617.73 billion yen (4.4% decrease YoY), operating income was 79.157 billion yen (22.7% increase YoY), and net income attributable to owners of parent for the quarter was 48.822 billion yen (10.7% decrease YoY).

Hokkaido Electric Power aims to achieve carbon neutrality by 2050 and sustainable growth by promoting full-scale entry into the gas business centered on the Tomakomai area, installation of the next LNG power source, and decarbonization through next-generation energy.

Hokkai Denko K.K. has revised its consolidated full-year earnings guidance for the fiscal year ending March 2026 to net sales of 70,800 million yen (4.7% increase from previous forecast), operating income of 3,960 million yen (45.6% increase), and net income attributable to owners of parent of 2,810 million yen (44.8% increase).