Hokkaido Electric Power CompanyHokkaido Electric Power Company, Incorporated9509東証プライム電気・ガス業FY ending Mar 2026, consolidated, J-GAAP

Hokkaido Electric Power Company FY ending Mar 2026 results

About 79% of Hokkaido Electric Power Company's sales come from HokkaidoElectricPower, with HokkaidoElectricPowerNetwork and Other making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed -5.1% from the prior year, operating profit -3.4%.

Revenue and profit pattern

Revenue and profit down

Revenue -5.1% · profit -3.4%, calculated from disclosed figures.

Operating leverage: 0.67× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue: -5.1%¥902.1B → ¥856B
Operating income: -3.4%¥75.8B → ¥73.2B
Net income attributable to owners: -31.5%¥64.2B → ¥44B
Operating cash flow: -8.8%¥125.6B → ¥114.5B
Free cash flow: Loss-¥42.5B → -¥103B

Results at a glance

Revenue for the FY ending Mar 2026 was ¥856B, down 5.1% from ¥902.1B.
Operating income slipped only slightly to ¥73.2B (-3.4%), but net income fell harder, from ¥64.2B to ¥44B (-31.5%).
Operating cash flow came in at ¥114.5B (-8.8%), and free cash flow went further negative, from -¥42.5B to -¥103B.

What drove the change

Lower fuel prices shrank the fuel cost adjustment built into electricity bills, cutting revenue.
More hydro output lowered fuel costs, but spending on the Tomari restart and higher labor, materials and interest costs weighed on profit.
Net income also lost support from a smaller gain on nuclear fuel sales than the year before.

Things to watch

If regulatory reviews or seawall construction at Tomari drag on, the plant stays offline and fuel costs stay high.
Tension in the Middle East has pushed up fuel and wholesale power prices, which could raise procurement costs.
Competition, a shrinking population and energy saving could reduce the amount of electricity it sells.

Annual securities report (MD&A) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual securities report (business risks) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

Where ¥100 of sales goes

For every ¥100 Hokkaido Electric Power Company sells, how much goes where, and how much is kept.

FY ending Mar 2026

Operating costs: ¥91
Operating profit: ¥9
Net profit kept: ¥5

Annual margin trends

Operating margin8.6%

Net margin5.1%

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

HokkaidoElectricPower¥677.6B
79%
Op. margin 6.6%Industry: Electric Power & Gas
HokkaidoElectricPowerNetwork¥140.5B
16%
Op. margin 1.8%Industry: Electric Power & Gas
Other¥37.9B
4%
Op. margin 50.3%

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)

EDINET (FSA Japan)
有価証券報告書－第102期(2025/04/01－2026/03/31)
ID S100YDWY2026-06-23Open
EDINET (FSA Japan)
有価証券報告書－第101期(2024/04/01－2025/03/31)
ID S100W0BE2025-06-24Open
EDINET (FSA Japan)
有価証券報告書－第100期(2023/04/01－2024/03/31)
ID S100TT392024-06-27Open
EDINET (FSA Japan)
有価証券報告書－第99期(2022/04/01－2023/03/31)
ID S100R1IZ2023-06-29Open
EDINET (FSA Japan)
有価証券報告書－第98期(令和3年4月1日－令和4年3月31日)
ID S100ODPW2022-06-29Open
EDINET (FSA Japan)
有価証券報告書－第97期(令和2年4月1日－令和3年3月31日)
ID S100LLTR2021-06-28Open

Extracted from XBRL: 48 / Derived from other figures: 2

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