Hokuriku Electric Power Company released its financial results for the first quarter of the fiscal year ending March 2027. Revenue rose 7.0% year on year to ¥199.0 billion, while operating profit fell 26.7% to ¥26.6 billion and net income fell 20.7% to ¥22.2 billion. The company presented a full-year forecast calling for a significant decline in profit.
Hokuriku Electric Power Company announced its financial results for the first quarter of the fiscal year ending March 2027. The results were released on 29 July 2026, with operating revenue rising 7.0% year on year to ¥199.0 billion.
However, operating profit fell 26.7% to ¥26.6 billion and net income fell 20.7% to ¥22.2 billion, showing a significant decline in profitability. The full-year outlook also calls for a significant decline in profit.
The impact of the fuel-cost adjustment time lag differential and thermal power plant shutdowns was cited as a factor weighing on profit. Performance has remained broadly flat, with a slight weakening trend, over the past 12 quarters.
Accordingly, some view the outlook as indicating that the full-year profit decline may continue.