Hokuriku Electric Industry (6989) Reports Earnings: Operating Income Down 35.2% YoY to 420 Million Yen

Hokuriku Electric Industry (6989) has released its financial results, reporting net sales of 11,497 million yen, representing a 13.9% increase compared to the same period of the previous year. However, profit figures showed a decline, with operating income dropping 35.2% YoY to 420 million yen, ordinary income decreasing by 4.0% to 487 million yen, and net income attributable to owners of the parent falling 32.0% to 175 million yen. Earnings per share (EPS) stood at 22.37 yen, while comprehensive income was 914 million yen.

From a financial and valuation perspective, the company maintains a solid equity ratio of 54.9%, highlighting a stable financial foundation. Retained earnings stand at 10.43 billion yen against interest-bearing debt of 9.55 billion yen. Profitability indicators show a return on equity (ROE) of 0.73% and a return on assets (ROA) of 0.37%, reflecting the current state of capital efficiency as the market looks ahead to future earnings potential.