Hokkaido Electric Power Company, Incorporated
Announcement of Fiscal 2026 Interim Results (April–September)
Revenue was 441.3 billion yen (YoY +7.1%), ordinary income was 27.3 billion yen (YoY -55.8%), and net income attributable to owners of parent for the interim period was 20.5 billion yen (YoY -54.1%), representing declines. Meanwhile, the full-year outlook for fiscal 2026 remains unchanged at revenue of approximately 1,250.0 billion yen, operating income of approximately 61.0 billion yen, and net income of approximately 33.0 billion yen. The interim dividend is 16.5 yen per common share, and the year-end dividend remains as previously announced. By segment, Hokkaido Electric Power achieved ordinary income of 32.9 billion yen, Hokkaido Electric Power Network recorded an ordinary loss of 10.1 billion yen, and Other recorded ordinary income of 6.7 billion yen. Cash and cash equivalents at the end of the period stood at 138.1 billion yen. Timing effects of the fuel cost adjustment scheme continued to impact results.
Key Figures
- Revenue: 4,413 hundred million yen (YoY +7.1%)
- Ordinary Income: 273 hundred million yen (YoY -55.8%)
- Net Income Attributable to Owners of Parent (interim): 205 hundred million yen (YoY -54.1%)
AI要約
Overview of Results
Consolidated interim results showed an increase in revenue year-over-year, while ordinary income and net income declined significantly due to the impact of the fuel cost adjustment, higher power generation costs, and structural changes in bilateral wholesale sales. By segment, Hokkaido Electric Power posted solid ordinary income at the scale of tens of billions of yen, whereas Hokkaido Electric Power Network recorded an ordinary loss due to increased demand-supply adjustment costs. The full-year outlook remains at the previously announced level.
Impact on Shareholders and Outlook
The interim dividend for fiscal 2026 is 16.5 yen per common share, and the year-end dividend will be as previously announced. The full-year earnings forecast is being maintained, and measures to improve profitability excluding the impact of the fuel cost adjustment scheme will continue to be implemented. Although cash and cash equivalents at the end of the period decreased, the capital policy is to maintain dividends while continuing to ensure funding for business and capital investments.
Hokkaido Electric Power Company, Incorporated
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