Hokuriku Electric Power raises fiscal year earnings, dividend forecasts

Hokuriku Electric Power Company announced on October 30, 2025, an upward revision to its consolidated earnings forecast for the fiscal year ending March 31, 2026. The company now expects operating profit of JPY 70 bn, ordinary profit of JPY 65 bn, and net profit attributable to parent company shareholders of JPY 48 bn. These represent increases of JPY 20 bn, JPY 20 bn, and JPY 18 bn respectively from previous forecasts, attributed to increased total electricity sales and fuel cost adjustment time-lag profits.

The total electricity sales volume forecast for the fiscal year was also revised upward by 30 bn kWh to 330 bn kWh. Following the improved earnings outlook, the year-end dividend forecast has been raised by JPY 2.50 per share to JPY 12.50, bringing the annual dividend to JPY 22.50 per share. This adjustment aligns with the company's shareholder return policy.

In its Q2 2026 consolidated financial results, Hokuriku Electric Power reported an operating profit of JPY 66.546 bn, ordinary profit of JPY 65.679 bn, and net profit attributable to parent company shareholders of JPY 48.138 bn for the six months ended September 30, 2025. This performance aligns with the improved full-year outlook.