Note : This document has been translated from the Japanese original for reference purposes only.
In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
Financial Results for FY2025
May 9, 2025
Hokkaido Electric Power Co., Inc.
Table of Contents
Financial Results and Forecasts
Management Approach
Consolidated－Business Results/Financial Status
Consolidated－Statement of Operations
Outline of Consolidated Financial Results for FY2025
-YoY comparison
Consolidated Financial Results for FY2025
-YoY changes in ordinary income
Outline of Consolidated Financial Results (Comparison
with January Forecasts)
Consolidated Financial Results for FY2025
-Comparison with January Forecasts
Forecasts of Consolidated Financial Performance for
FY2026(Ending March 2025)
Summary of Forecasts of Consolidated Financial Performance in FY2026
Forecasts of Consolidated Financial Performance for FY2026 (Ending March 2026) －YoY changes in ordinary income
FY2025 Year-ending Dividend
FY2026 Year-ending Dividend Forecasts
Financial Results Supplementary Materials
Management Themes and Objectives of our New Vision
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The Challenge of Realizing GX to Drive Hokkaido's Development
Challenge to create new value
Reference Materials
HEPCO Group Management Vision 2035
Capital Investment and Cash Flow
Actual Demand for the Hokkaido Area
Demand in the Hokkaido area (based on the forecast by the OCCTO)
Our share in the Hokkaido region
Plan to Develop Key Power Sources Moving Forward (HEPCO)
Successful Bid in Auction for Long-term Decarbonized Power Source
Topics for Period After FY2025 3Q Results Announcement
Financial Results and Forecasts
Consolidated－Business Results/Financial Status
FY2025 (A) | FY2024 (B) | Change (A)-(B) | Comparison (A)/(B) % | |
Operating Revenue | 902.0 | 953.7 | (51.7) | (5.4) |
Operating Profit | 75.8 | 101.1 | (25.3) | (25.0) |
Ordinary Profit | 64.0 | 87.3 | (23.2) | (26.6) |
Profit attributable to owners of parent | 64.2 | 66.2 | （1.9） | （3.0） |
Business results
Basic net income per share [Yen] | 305.90 | 315.44 | (9.54) |
Financial status
（Billion yen）
（Billion yen）
As of March 31, 2025 (A) | As of March 31, 2024 (B) | Change (A)-(B) | |
Assets | 2,244.0 | 2,141.6 | 102.3 |
Net Assets | 407.3 | 333.5 | 73.8 |
Shareholders' Equity Ratio | 17.5% | 14.9% | 2.6% |
Consolidated－Statement of Operations
（ Billion yen ）
FY2025 (A) | FY2024 (B) | Change (A)-(B) | Comparison (A)/(B) % | |||
Ordinary Revenue | Operating Revenues | 902.0 | 953.7 | (51.7) | (5.4) | |
Electricity utility operating revenue | 855.1 | 912.0 | (56.9) | (6.2) | ||
Other business operating revenue | 46.9 | 41.7 | 5.1 | 12.5 | ||
Non-operating Income | 3.5 | 3.0 | 0.5 | 18.7 | ||
Subtotal | 905.6 | 956.7 | (51.1) | (5.3) | ||
Ordinary Expenses | Operating Expenses | 826.2 | 852.6 | (26.4) | (3.1) | |
Electricity utility operating expenses | 786.7 | 817.3 | (30.5) | (3.7) | ||
Other business operating expenses | 39.4 | 35.2 | 4.1 | 11.7 | ||
Non-operating Expenses | 15.3 | 16.8 | (1.4) | (8.8) | ||
Subtotal | 841.5 | 869.4 | (27.9) | (3.2) | ||
[Operating Profit] Ordinary Profit | [75.8] 64.0 | [101.1] 87.3 | [(25.3)] (23.2) | [(25.0)] (26.6) | ||
Provision or reversal of reserve for fluctuation in water levels | (0.7) | 0.4 | (1.1) | - | ||
Extraordinary income | 19.5 | 10.0 | 9.5 | 95.1 | ||
Extraordinary loss | - | 8.3 | (8.3) | - | ||
Profit before income taxes | 84.3 | 88.5 | (4.2) | (4.8) | ||
Income taxes | 19.1 | 21.6 | (2.5) | (11.6) | ||
Profit | 65.1 | 66.9 | (1.7) | (2.6) | ||
Profit attributable to non-controlling interests | 0.9 | 0.7 | 0.2 | 35.6 | ||
Profit attributable to owners of parent | 64.2 | 66.2 | (1.9) | (3.0) | ||
Comprehensive Income | 80.5 | 78.8 | 1.7 | 2.2 |
(Appendix）