Hokkaido Electric Power (9509) Earnings Report: Operating Income Decreased 44.3% YoY to 24.45 Billion Yen

Hokkaido Electric Power (9509) has released its financial results, reporting a 5.9% year-on-year increase in net sales to 214.48 billion yen. However, profitability contracted, with operating income declining 44.3% year-on-year to 24.44 billion yen and ordinary income decreasing 55.0% to 18.76 billion yen. Profit attributable to owners of the parent fell 52.0% to 14.77 billion yen, resulting in earnings per share (EPS) of 70.25 yen. Comprehensive income stood at 18.59 billion yen, down 48.4% from the same period last year.

From a financial structure and valuation perspective, the equity ratio is 18.6%, reflecting the capital-intensive nature of the utility sector with interest-bearing debt standing at 1,496.75 billion yen, while retained earnings accumulated to 273.76 billion yen. Return on Equity (ROE) was recorded at 3.59% and Return on Assets (ROA) at 0.62%, with an EBITDA of 24.45 billion yen. Market participants will continue to monitor how shifts in energy markets and fuel costs impact future profitability and balance sheet developments.