Hokkaido Electric Power has raised its earnings forecast for the fiscal year ending March 2027. Operating profit is expected to reach ¥61.0 billion, down from the previous fiscal year but approximately 27% above the previous forecast.
Hokkaido Electric Power raised its earnings forecast for the fiscal year ending March 2027 and projected operating profit of ¥61.0 billion. Operating profit is expected to decline 16.7% from the previous fiscal year.
The factors behind the revision include higher fuel cost adjustments and electricity sales revenue from other companies, a review of wheeling charges at Hokkaido Electric Power Network, and the impact of rising prices and interest rates.
Hokkaido Electric Power's stock is currently priced at ¥1,142.5, up ¥27 from the previous day.
This article reproduces information distributed by the FISCO smartphone app.