Hokkaido Electric Power raised its earnings forecast for the fiscal year ending March 2027, lifting ordinary profit from the previous ¥30 billion to ¥46 billion. The review of wheeling charges and other factors were cited as the main reasons, prompting a sharp reaction in the share price.
Hokkaido Electric Power raised its earnings forecast for the fiscal year ending March 2027, lifting ordinary profit from the previous forecast of ¥30 billion to ¥46 billion. The dividend forecast remains unchanged.
The upward revision to the new earnings outlook was reportedly based on the review of wheeling charges and the impact of rising prices and interest rates. Electricity stocks generally moved weakly late last week, and some analysts said the upward revision had directly triggered the move.
On a year-on-year basis, the figure represents a 25.0% decline, but the revision is expected to raise the full-year profit level.