HOKURIKU ELECTRIC INDUSTRY CO.,LTD. [6989.T]
TOKYO, May 12 (Pulse News Wire) – Hokuriku Electric Industry CO.,LTD. (6989.T) reported its fiscal year 2026 results, which exceeded initial forecasts released on November 10, 2025.
For the fiscal year ending March 31, 2026, the company's revenue was higher than initially anticipated, reaching ¥43.13 billion compared to the previous estimate of ¥42.30 billion. Operating profit also surpassed expectations, increasing to ¥2.311 billion from ¥2.100 billion. Similarly, ordinary profit rose to ¥2.742 billion from ¥2.100 billion, while net income per share improved to ¥253.2 million from ¥203.8 million.
The growth rates for these metrics were 2%, 10.1%, 30.6%, and 24.2%, respectively. The positive performance was attributed to several factors, including a stronger yen against the US dollar and Asia Tsuuka, leading to increased sales and operating profits from foreign currency transactions. Additionally, the final exchange rate of approximately ¥15988 per US dollar was more favorable than the projected rate of ¥147/US dollar, contributing positively to the company’s earnings.
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