On 25 September, Hokkaido Electric Power Company,Incorporated raised its consolidated earnings forecast and disclosed a review of wheeling charges and an electricity rate revision at the same time. The share price reacted immediately afterward, reaching a closing price of ¥1,140 on 28 September.
On 25 September, the company raised its consolidated earnings forecast for the fiscal year ending March 2027, increasing operating profit from ¥48.0 billion to ¥61.0 billion. It also disclosed a review of wheeling charges and an electricity rate revision on the same day, and the recent share price movement is expected to remain driven by these developments.
The closing share price on 28 September was ¥1,140, while trading volume reached 4,078,900 shares, a substantial increase from the previous day. Buying emerged after the upward revision was announced, with the short-term digestion of the news and reassessment of the price level proceeding at the same time.
According to the earnings summary, operating profit in 1Q of the fiscal year ending March 2027 fell 55.0% year on year to ¥18.8 billion, while net profit fell 52.0% to ¥14.8 billion. The full-year outlook therefore combines an upward revision with a quarterly profit decline.
From a corporate value perspective, the full-year dividend forecast for the fiscal year ending March 2027 is expected to remain unchanged from the previous fiscal year at ¥33 per share, with no change to the shareholder return plan following the earnings revision.
Overall, the latest information combines earnings and forecast revisions with the share price response, and valuation is being driven primarily by the full-year outlook.