Improving Earnings and Strengthening the Financial Base
First written in FY2016. 17 of 38 entries say "Advanced", first in FY2017-Q1. Latest entry: 2026-07-30.
The whole theme swung hardest in 2020: 10 of 45 companies on the "Worse" side.
15 other companies' latest entry also says "Advanced".
- FY2026AdvancedAnnual report
「Against the targets set in the Hokuden Group Management Vision 2035 of consolidated ordinary income of at least ¥40,000 million before the restart of Unit 3 at the Tomari Power Station and ROIC of at least 3.0% for fiscal 2030, consolidated ordinary income for fiscal 2025 was ¥61,348 million and ROIC was 2.8%.」
Against the target of consolidated ordinary income of at least ¥40,000 million before the restart of Tomari Unit 3 under Management Vision 2035, the actual result was ¥61,348 million. ROIC was 2.8%, approaching the fiscal 2030 target of at least 3.0%. - FY2026-H1AdvancedAnnual report
「Ordinary income increased by ¥11,151 million, or 22.0%, from the previous interim consolidated accounting period to ¥61,939 million, due mainly to the impact of gains from timing differences under the fuel cost adjustment system resulting from lower fuel prices and other factors, and lower fuel costs resulting from increased hydroelectric generation.」
Ordinary income for the interim period was ¥61,939 million, an increase of 22.0% year on year. The equity ratio also improved from 17.5% at the end of the previous fiscal year to 18.6%, indicating progress in improving earnings and the financial base. - FY2025-H1AdvancedAnnual report
「As a result, the equity ratio at the end of the interim consolidated accounting period increased by 2.3 percentage points from the end of the previous consolidated fiscal year to 17.2%.」
The equity ratio improved by 2.3 percentage points from 14.9% at the end of the previous fiscal year to 17.2%, indicating measurable progress in strengthening the financial base. - FY2024AdvancedAnnual report
「For fiscal 2023, consolidated ordinary income and loss turned from a loss in the previous consolidated fiscal year into a profit of ¥87,315 million, an increase of ¥116,567 million, due to the substantial contribution of electricity rate revisions and the timing difference under the fuel cost adjustment system to improved earnings, as well as the promotion of Kaizen activities and DX and efforts to improve earnings during the fiscal year, against the target of consolidated ordinary income of at least ¥23,000 million per year. The consolidated equity ratio was 14.9%.」
Consolidated ordinary income reached a profit of ¥87,315 million, exceeding the Phase I target of at least ¥23,000 million, and the equity ratio improved from 11.7% to 14.9%. However, it remained 0.1 percentage point below the target equity ratio of at least 15%. - FY2024-Q3AdvancedAnnual report
「Ordinary income and loss turned from a loss in the same quarter of the previous year into a profit of ¥73,793 million, an improvement of ¥105,383 million, due mainly to the substantial contribution to improved earnings from electricity rate revisions and the timing difference under the fuel cost adjustment system.」
Ordinary income and loss improved from a loss of ¥31,590 million in the previous year to a profit of ¥73,793 million in the cumulative third quarter. Electricity rate revisions and the timing difference under the fuel cost adjustment system are identified as drivers of the improvement. - FY2024-Q2AdvancedAnnual report
「Total net assets at the end of the second quarter increased by ¥54,136 million from the end of the previous consolidated fiscal year to ¥312,242 million, due mainly to the recording of quarterly net income attributable to owners of the parent. As a result, the equity ratio at the end of the second quarter increased by 2.3 percentage points from 11.7% at the end of the previous consolidated fiscal year to 14.0%.」
Net assets increased by ¥54,136 million due mainly to the recording of quarterly net income, and the equity ratio improved from 11.7% to 14.0%. This indicates measurable progress toward improving earnings and strengthening the financial base. - FY2024-Q1AdvancedAnnual report
「Total net assets at the end of the first quarter increased by ¥35,437 million from the end of the previous consolidated fiscal year to ¥293,543 million, due mainly to the recording of quarterly net income attributable to owners of the parent. As a result, the equity ratio at the end of the first quarter increased by 1.6 percentage points from 11.7% at the end of the previous consolidated fiscal year to 13.3%.」
Net assets increased by ¥35,437 million due to the recording of quarterly net income, and the equity ratio improved from 11.7% to 13.3%. This indicates measurable progress toward improving earnings and strengthening the financial base. - FY2023WorsenedAnnual report
「Consolidated ordinary income and loss for fiscal 2022 resulted in a loss of ¥29,251 million, a decrease of ¥43,082 million from the previous fiscal year, due to higher electricity procurement costs resulting from rising fuel prices and wholesale electricity market prices, despite efforts to further improve management efficiency, including procuring fuel during the period at prices below market levels.」
Although the company pursued management efficiency improvements and lower-cost procurement, consolidated ordinary income and loss for fiscal 2022 resulted in a loss of ¥29,251 million, representing a significant deterioration in earnings improvement. The company also fell short of its target of consolidated ordinary income of at least ¥23,000 million through fiscal 2030. - FY2023-Q3WorsenedAnnual report
「Ordinary income and loss resulted in a loss of ¥31,590 million, a decrease of ¥44,680 million from the same quarter of the previous year, due to higher electricity procurement costs resulting from rising fuel and market prices, despite efforts to further improve management efficiency.」
Although the company pursued management efficiency improvements, higher procurement costs resulting from rising fuel and market prices caused ordinary income and loss to deteriorate from a profit in the previous year to a loss of ¥31,590 million. - FY2023-Q2WorsenedAnnual report
「Ordinary income and loss resulted in a loss of ¥1,070 million, a decrease of ¥23,773 million from the same quarter of the previous year, as a result of efforts to further improve management efficiency despite higher electricity procurement costs due to rising fuel and market prices.」
Although the company pursued further management efficiency improvements, higher procurement costs resulting from rising fuel and market prices caused ordinary income to deteriorate from ¥22,703 million in the previous year to a loss of ¥1,070 million. - FY2023-Q1WorsenedAnnual report
「Although electricity sales volume to retail customers and other companies increased, ordinary income decreased by ¥958 million, or 7.0%, from the same quarter of the previous year on a consolidated cumulative basis to ¥12,749 million due to rising fuel prices and other factors.」
Although electricity sales volume to retail customers and other companies increased, ordinary income in the first quarter decreased by 7.0% year on year due to rising fuel prices and other factors. The earnings level toward improving earnings has deteriorated. - FY2022WorsenedAnnual report
「Consolidated ordinary income for fiscal 2021 decreased by ¥27,320 million from the previous fiscal year to ¥13,830 million. This reflected the impact of the cold wave and rising fuel prices in the previous fiscal year, despite increases resulting from lower repair expenses for power generation facilities and strong wholesale sales.」
Against the Phase I target of consolidated ordinary income of at least ¥23,000 million per year, the fiscal 2021 result was ¥13,830 million, a decrease of ¥27,320 million from the previous fiscal year. - FY2022RaisedAnnual report
「Targets through fiscal 2030」
The Hokuden Group Management Vision 2030 specifies a target of consolidated ordinary income of at least ¥23,000 million per year in Phase I, before the restart of the Tomari Power Station, and at least ¥45,000 million per year in Phase II, after all units have restarted, raising the target level for the future phase from the previous ¥23,000 million target. - FY2022-Q2WorsenedAnnual report
「As a result, ordinary income decreased by ¥5,234 million, or 18.7%, from the same quarter of the previous year on a consolidated cumulative basis to ¥22,703 million. This was due to deterioration in earnings resulting from rising fuel prices from April onward, despite factors such as increased electricity sales volume to other companies and lower repair expenses for power generation facilities.」
Although electricity sales volume to other companies increased and repair expenses decreased, ordinary income declined by 18.7% year on year due to deterioration in earnings resulting from rising fuel prices and other factors. - FY2022-Q1WorsenedAnnual report
「Meanwhile, ordinary expenses increased by ¥6,582 million, or 6.0%, from the same quarter of the previous year on a consolidated cumulative basis to ¥116,254 million. As a result, ordinary income decreased by ¥8,075 million, or 37.1%, to ¥13,707 million. This was due to deterioration in earnings resulting from rising fuel prices from April onward, despite factors such as lower fuel costs resulting from increased hydroelectric generation.」
Although fuel costs decreased due to increased hydroelectric generation, ordinary expenses increased by 6.0% year on year and ordinary income decreased by 37.1% due to deterioration in earnings resulting from rising fuel prices and other factors. - FY2021-Q3AdvancedAnnual report
「Meanwhile, ordinary expenses decreased by ¥27,715 million, or 5.3%, from the same quarter of the previous year on a consolidated cumulative basis to ¥490,952 million. As a result, ordinary income increased by ¥13,110 million, or 165.4%, to ¥21,034 million. This was due to efforts to reduce costs through lower repair expenses for power generation facilities and more efficient procurement of fuel, equipment, and materials, despite factors such as lower electricity sales volume resulting from the impact of COVID-19.」
Despite factors reducing electricity sales volume due to the pandemic, ordinary expenses decreased by ¥27,715 million year on year and ordinary income increased by ¥13,110 million. Specific cost reduction factors included lower repair expenses for power generation facilities and more efficient procurement of fuel, equipment, and materials. - FY2021-Q2AdvancedAnnual report
「Meanwhile, ordinary expenses decreased by ¥28,722 million, or 8.4%, from the same quarter of the previous year on a consolidated cumulative basis to ¥312,446 million. As a result, ordinary income increased by ¥18,840 million, or 207.1%, to ¥27,937 million. This was due to efforts to reduce costs through lower repair expenses, including periodic inspection costs for power generation facilities, lower fixed asset taxes, and more efficient procurement of fuel, equipment, and materials, despite factors such as lower electricity sales volume resulting from the impact of COVID-19.」
Despite factors reducing electricity sales volume, ordinary expenses decreased by 8.4% year on year and ordinary income increased by 207.1%. Lower repair expenses and fixed asset taxes, together with more efficient procurement of fuel, equipment, and materials, are identified as specific drivers of improvement. - FY2020-Q3WorsenedAnnual report
「Meanwhile, ordinary expenses increased by ¥7,008 million, or 1.4%, from the same quarter of the previous year on a consolidated cumulative basis to ¥518,668 million. As a result, ordinary income decreased by ¥12,858 million, or 61.9%, to ¥7,924 million.」
Ordinary expenses increased by ¥7,008 million year on year, while ordinary income decreased by 61.9% to ¥7,924 million. The earnings level toward improving earnings and strengthening the financial base deteriorated further from the previous quarter. - FY2020-Q2WorsenedAnnual report
「Meanwhile, ordinary expenses increased by ¥6,859 million, or 2.1%, from the same quarter of the previous year on a consolidated cumulative basis to ¥341,169 million. As a result, ordinary income decreased by ¥8,780 million, or 49.1%, to ¥9,096 million.」
Ordinary expenses increased by ¥6,859 million year on year, while ordinary income decreased by ¥8,780 million, or 49.1%. The earnings level toward improving earnings and strengthening the financial base deteriorated from the previous year. - FY2020-Q1WorsenedAnnual report
「Meanwhile, ordinary expenses increased by ¥11,341 million, or 6.8%, from the same quarter of the previous year on a consolidated cumulative basis to ¥177,620 million. As a result, ordinary income decreased by ¥10,654 million, or 86.4%, to ¥1,673 million.」
In the first quarter, ordinary expenses increased by 6.8% year on year and ordinary income decreased by 86.4%. The earnings position toward improving earnings and strengthening the financial base deteriorated from the previous year. - FY2019RaisedAnnual report
「For management targets from fiscal 2019 onward, amid a challenging operating environment, the company aims, as the next step, to achieve consolidated ordinary income of more than ¥23,000 million per year, exceeding the pre-Great East Japan Earthquake results for the 2 preceding years, while expanding revenue and reducing costs through initiatives to strengthen its management foundation, restore equity, and improve competitiveness.」
The target has been raised from the previous goal of exceeding the average of approximately ¥16,000 million for fiscal 2016–2017 to a new target of ordinary income above ¥23,000 million per year as the next stage. - FY2019-Q3AdvancedAnnual report
「Meanwhile, operating expenses decreased by ¥3,408 million, or 0.7%, from the same quarter of the previous year on a consolidated cumulative basis to ¥482,017 million. This was due to higher fuel and purchased power costs resulting from increased operation of oil-fired power plants following the 2018 Hokkaido Eastern Iburi Earthquake and rising fuel prices, which were more than offset by increased hydroelectric generation from abundant water supplies, lower periodic inspection costs for thermal power facilities, lower procurement costs for equipment and materials under the Management Foundation Strengthening Promotion Committee, and further efficiency gains and cost reductions from reviewing construction schedules through creative initiatives. As a result, operating income increased by ¥14,737 million, or 123.0%, to ¥26,720 million.」
Although the earthquake and rising fuel prices increased costs, lower procurement costs for equipment and materials, revised construction schedules, and abundant water supplies reduced operating expenses by ¥3,408 million and increased operating income by ¥14,737 million. - FY2019-Q1AdvancedAnnual report
「As a result, ordinary income increased by ¥8,845 million, or 254.0%, from the same quarter of the previous year on a consolidated cumulative basis to ¥12,327 million. Quarterly net income attributable to owners of the parent increased by ¥6,748 million, or 253.8%, to ¥9,407 million.」
In the first quarter, ordinary income increased by ¥8,845 million year on year and quarterly net income attributable to owners of the parent increased by ¥6,748 million, indicating an improvement in the earnings level, which had declined in the previous fiscal year. - FY2018RaisedAnnual report
「To enable the company to generate stable profits even before the restart of the Tomari Power Station, it will further strengthen both revenue growth and efficiency improvement and cost reduction initiatives under the Management Foundation Strengthening Promotion Committee. For profits over the next 3 years, the company aims to exceed, on average, the level achieved after the full liberalization of retail electricity sales, based on the average for fiscal 2016–2017.」
The company specified that it aims to generate profits even before the restart of the Tomari Power Station and to raise the average profit for fiscal 2018–2020 above the average for fiscal 2016–2017, thereby making and strengthening its earnings improvement targets more specific. - FY2018-Q3WorsenedAnnual report
「As a result, ordinary income decreased by ¥4,654 million from the same quarter of the previous year on a consolidated cumulative basis to ¥4,310 million, while quarterly net income attributable to owners of the parent decreased by ¥943 million to ¥3,590 million.」
Ordinary income decreased by ¥4,654 million year on year, and quarterly net income attributable to owners of the parent decreased by ¥943 million, indicating a further deterioration in performance toward improving earnings and strengthening the financial base. - FY2018-Q2WorsenedAnnual report
「On the expense side, under continued efforts to achieve thorough efficiency improvements across the business, repair expenses decreased due in part to a reduction in the number of thermal power plants undergoing periodic inspections. However, operating expenses increased by ¥16,624 million from the same quarter of the previous year on a consolidated cumulative basis to ¥317,319 million, owing to higher fuel costs resulting from rising fuel prices and drought, as well as the impact of the renewable energy feed-in tariff scheme. As a result, operating income decreased by ¥9,386 million to ¥11,327 million.」
Despite continued efforts to improve efficiency and lower repair expenses, operating expenses increased by ¥16,624 million year on year due to higher fuel prices, drought, and the impact of the renewable energy feed-in tariff scheme, while operating income decreased by ¥9,386 million. - FY2018-Q1WorsenedAnnual report
「On the expense side, although the company continued to pursue thorough efficiency improvements across the business, operating expenses increased by ¥14,092 million from the same quarter of the previous year on a consolidated cumulative basis to ¥160,305 million, due mainly to higher fuel costs resulting from rising fuel prices and the reversal of the previous year's abundant water supplies. As a result, operating income decreased by ¥11,748 million to ¥5,949 million.」
Although efforts to improve efficiency continued, higher fuel costs resulting from rising fuel prices and the reversal of the previous year's abundant water supplies caused operating expenses to increase by ¥14,092 million year on year, while operating income decreased by ¥11,748 million. - FY2017WorsenedAnnual report
「Even under these circumstances, the Hokuden Group will work as one to vigorously promote measures to increase revenue and improve efficiency and reduce costs, while achieving the restart of the Tomari Power Station as soon as possible, in order to establish a structure capable of securing a sustainable competitive advantage and generating stable profits, securing a stable supply, achieving a fundamental improvement in earnings, and strengthening its financial position.」
Although the policy of strengthening earnings and the financial base remains in place, ordinary income decreased by ¥15,458 million year on year to ¥12,603 million, while net income attributable to owners of the parent was ¥8,793 million, indicating a deterioration in performance. - FY2017-Q3WorsenedAnnual report
「On the expense side, although repair expenses increased due to the impact of the renewable energy feed-in tariff scheme and an increase in the number of thermal power plants undergoing periodic inspections, operating expenses remained broadly in line with the same quarter of the previous year on a consolidated cumulative basis at ¥469,114 million, owing to lower fuel costs resulting from lower fuel prices and abundant water supplies, as well as continued efforts to achieve thorough efficiency improvements across the business. As a result, operating income decreased by ¥12,796 million to ¥17,265 million.」
Although efforts to improve efficiency and reduce fuel costs continued, operating expenses remained at about the same level as the previous year, while operating income decreased by ¥12,796 million year on year. The results of earnings improvement have deteriorated. - FY2017-Q2WorsenedAnnual report
「On the expense side, although repair expenses increased due to measures addressing aging facilities and other factors, operating expenses decreased by ¥4,128 million from the same quarter of the previous year on a consolidated cumulative basis to ¥300,694 million, owing to lower fuel costs resulting from lower fuel prices and abundant water supplies, as well as continued efforts to achieve thorough efficiency improvements across the business. As a result, operating income decreased by ¥1,590 million to ¥20,713 million.」
While lower fuel costs and efficiency improvements reduced operating expenses by ¥4,128 million year on year, operating income decreased by ¥1,590 million due in part to lower electricity sales volume, resulting in a deterioration in earnings improvement. - FY2017-Q1AdvancedAnnual report
「On the expense side, operating expenses decreased by ¥6,669 million from the same quarter of the previous year on a consolidated cumulative basis to ¥146,212 million, owing to lower fuel costs resulting from lower fuel prices and continued efforts to achieve thorough efficiency improvements across the business. As a result, operating income increased by ¥5,904 million to ¥17,697 million.」
Operating expenses decreased by ¥6,669 million year on year due to lower fuel costs and continued efficiency improvements, while operating income increased by ¥5,904 million. This indicates measurable progress in improving earnings. - FY2016First statedAnnual report
「The company will work to improve earnings and strengthen its financial base.」
The company aims to improve earnings and its financial base by combining the restart of the Tomari Power Station, greater management efficiency, sales activities, and expansion into new business areas.