Notice Regarding Differences Between Subsidiary’s Earnings Guidance and Actual Results

Overview of Performance

Hokudenko Corporation, a subsidiary of Hokkaido Electric Power Company, Inc., announced differences between its earnings guidance and actual results for the fiscal year ending March 2026. Net sales were 72,445 million yen, exceeding the previous forecast by 2.3%. Operating income rose by 25.6% to 4,974 million yen, and net income attributable to owners of parent increased by 32.3% to 3,717 million yen. The increase in net sales was due to progress in power-related construction projects, and profits also exceeded expectations along with the rise in net sales.

Impact on Consolidated Results and Future Outlook

The impact of this subsidiary's performance difference on the consolidated results of Hokkaido Electric Power Company, Inc. is considered minor. Going forward, the company plans to monitor the progress of power-related construction projects closely while aiming for stable earnings. Individual results also exceeded previous forecasts similarly; however, details regarding any consolidated results revision remain unknown.