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 FY2026 1Q
July 31, 2025
Hokkaido Electric Power Co., Inc.
Table of Contents
Financial Results and Forecasts
Management Approach
| … | 3 | |
| … | 4 | |
| Outline of Consolidated Financial Results for FY2026 1Q | … | 5 |
| Consolidated Financial Results for FY2026 1Q -YoY changes in ordinary income | … | 6 |
| Forecasts of Consolidated Financial Performance for FY2026(Ending March 2025) | … | 7 |
| Summary of Forecasts of Consolidated Financial Performance in FY2026 | … | 8 |
| … | 9 | |
income | |||
| … | 10 | |
| … | 11 | |
Efforts towards restarting the Tomari NPS … 27
…
Notification of changes to the general provisions for 31
wheeling service
Recommendations for Improving Operations from
the Electricity and Gas Market Surveillance Commission
… 32
Progress of Major Management Targets … 33
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 Results Announcement
Financial Results and Forecasts
Consolidated－Business Results/Financial Status
FY2026 1Q (A) | FY2025 1Q (B) | Change (A)-(B) | Comparison (A)/(B) % | |
Operating Revenue | 202.4 | 202.5 | (0.0) | (0.0) |
Operating Profit | 43.8 | 34.6 | 9.2 | 26.6 |
Ordinary Profit | 41.6 | 33.1 | 8.4 | 25.6 |
Profit attributable to owners of parent | 30.7 | 31.2 | （0.4） | （1.5） |
Business results
Basic net income per share [Yen] | 148.17 | 150.48 | (2.31) |
Financial status
（Billion yen）
（Billion yen）
As of June 30, 2025 (A) | As of March 31, 2025 (B) | Change (A)-(B) | |
Assets | 2,256.2 | 2,244.0 | 12.2 |
Net Assets | 440.4 | 407.3 | 33.1 |
Shareholders' Equity Ratio | 18.8% | 17.5% | 1.3% |
Consolidated－Statement of Operations
（ Billion yen ）
FY2026 1Q (A) | FY2025 1Q (B) | Change (A)-(B) | Comparison (A)/(B) % | |||
Ordinary Revenue | Operating Revenues | 202.4 | 202.5 | (0.0) | (0.0) | |
Electricity utility operating revenue | 190.4 | 192.7 | (2.3) | (1.2) | ||
Other business operating revenue | 12.0 | 9.8 | 2.2 | 22.8 | ||
Non-operating Income | 1.4 | 1.7 | (0.3) | (20.2) | ||
Subtotal | 203.9 | 204.3 | (0.4) | (0.2) | ||
Ordinary Expenses | Operating Expenses | 158.5 | 167.8 | (9.2) | (5.5) | |
Electricity utility operating expenses | 148.3 | 159.7 | (11.3) | (7.1) | ||
Other business operating expenses | 10.2 | 8.1 | 2.0 | 25.7 | ||
Non-operating Expenses | 3.6 | 3.2 | 0.3 | 11.4 | ||
Subtotal | 162.2 | 171.1 | (8.9) | (5.2) | ||
[Operating Profit] Ordinary Profit | [43.8] 41.6 | [34.6] 33.1 | [9.2] 8.4 | [26.6] 25.6 | ||
Provision or reversal of reserve for fluctuation in water levels | 0.2 | （0.4） | 0.6 | - | ||
Extraordinary income | 1.2 | 9.6 | (8.4) | (87.5) | ||
Profit before income taxes | 42.6 | 43.2 | (0.6) | (1.4) | ||
Income taxes | 11.8 | 11.9 | (0.0) | (0.7) | ||
Profit | 30.8 | 31.3 | (0.5) | (1.7) | ||
Profit attributable to non-controlling interests | 0.0 | 0.0 | (0.0) | (60.2) | ||
Profit attributable to owners of parent | 30.7 | 31.2 | (0.4) | (1.5) | ||
Comprehensive Income | 36.0 | 32.6 | 3.4 | 10.4 |
(Appendix）