Notice Regarding Revision of Subsidiary’s Earnings Guidance

Details of the Earnings Guidance Revision

Hokkai Denko K.K. has revised its full-year earnings guidance for the fiscal year ending March 2026, which was initially announced on October 29, 2025, upward across all figures including net sales, operating income, ordinary income, and net income attributable to owners of parent. Consolidated net sales are expected to be 70,800 million yen (4.7% increase from prior forecast), operating income 3,960 million yen (45.6% increase), and net income 2,810 million yen (44.8% increase), representing a significant growth. Non-consolidated performance also shows a similar upward trend, with net sales of 70,100 million yen, operating income of 3,720 million yen, and net income of 2,800 million yen.

Reasons for Revision and Future Outlook

The main reason for the revision is an increase in unplanned orders primarily related to electrical construction works and progress in ongoing projects. This leads to expected net sales and profit figures exceeding the previous forecasts. Please note that Hokkaido Electric Power Company, Incorporated’s consolidated earnings are currently under calculation and will be announced separately upon finalization.