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Hokuriku Electric Power Raises FY March 2027 Net Profit Forecast
Hokuriku Electric Power boosts FY2027 profit forecast to ¥28bn as wholesale sales rise but second half expected to swing to loss.
In brief
Hokuriku Electric Power boosts FY2027 profit forecast to ¥28bn as wholesale sales rise but second half expected to swing to loss. Hokuriku Electric Power raised its FY March 2027 net profit forecast to ¥28 billion from ¥25 billion, driven by higher wholesale sales, but expects a second-half loss due to fuel costs and…
Net Profit Forecast Raised
Hokuriku Electric Power raised its consolidated net profit forecast for the fiscal year ending March 2027 to ¥28 billion from ¥25 billion.
Wholesale Sales Drive Increase
Higher sales to the Japan Electric Power Exchange lifted the full-year electricity sales volume assumption by 2 billion kilowatt-hours.
First-Half Profit Falls
First-half ordinary profit fell 35.3% year-on-year to ¥42.5 billion, hit by a timing-related fuel cost loss and Nanao Ota Thermal Power Station Unit 2 outage.
Second-Half Loss Expected
Subtracting first-half profit from full-year forecast implies an ordinary loss of about ¥2.5 billion in the second half.
LNG Price Increase
The company assumes a liquefied natural gas procurement price of $820 per ton, $120 above its prior estimate.
President Matsuda's Outlook
President Koji Matsuda described the outlook as uncertain, saying prices are 'running higher than we thought'.
“prices are running higher than we thought”
Vietnam Hydropower Project
The company entered Vietnam's hydropower business through a renewable energy joint venture established in July.
Winter Power Supply Secured
The company secured sufficient generating capacity for winter using swap transactions and power futures.
Nanao Ota Unit 2 Repair
Nanao Ota Unit 2 is being repaired with the aim of restoring it in spring 2027.
The one thing
Hokuriku Electric Power raised its FY March 2027 net profit forecast to ¥28 billion from ¥25 billion, driven by higher wholesale sales, but expects a second-half loss due to fuel costs and plant outages.
