Hokkaido Electric Power Company, Incorporated [9509.T]
TOKYO, Apr 28 (Pulse News Wire) – Hokkaido Electric Power Company,incorporated (9509.T) disclosed today that its subsidiary, Hokuden Kogyo Co., Ltd., reported higher-than-expected revenue and profits for the fiscal year ending March 31, 2026. According to the release, Hokuden Kogyo’s consolidated revenue exceeded initial forecasts by 2.3%, reaching ¥72.44 billion compared to the previous estimate of ¥70.80 billion.
Operating profit increased by 25.6% to ¥4.974 billion, while ordinary profit rose by 24.9% to ¥5.185 billion. Net income attributable to shareholders also saw a significant boost, rising by 32.3% to ¥3.717 billion from the previously forecasted amount. The improved performance was attributed to the advancement of power-related construction projects, which contributed to higher sales figures.
As a result, the parent company's overall consolidated earnings impact remains minor. Hokkaido Electric noted that individual results showed similar trends, with revenue surpassing expectations by 2.4%. Individual operating profit grew by 29.0%, ordinary profit by 27.6%, and net income by 35.0%.
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