Hokkaido Electric stock raises fiscal 2027 profit forecast

Published on 10/07/2026 at 06:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hokkaido Electric stock is supported by a fiscal 2027 net income forecast of JPY 33.0 billion dated September 25, 2026. Three analysts set a JPY 1,390 average target.

Hokkaido Electric, JP3850200001, Illustration mit AI erstellt.

Hokkaido Electric stock (ISIN JP3850200001) was trading at JPY 1,086 on the Tokyo Stock Exchange on October 7, 2026, up 0.79 percent from the prior close. The company has raised its fiscal 2027 forecast, putting earnings guidance at the center of the investment case.

Fiscal 2027 forecast rises

According to Japan IR on September 25, 2026, Hokkaido Electric lifted its fiscal year ending March 2027 revenue forecast to JPY 1,025.0 billion from JPY 970.0 billion. The JPY 55.0 billion increase is tied to higher fuel cost adjustment charges, electricity sales to other utilities and revised wheeling charges.

The revised forecast also puts operating income at JPY 61.0 billion, up from JPY 48.0 billion, while net income attributable to owners of the parent rises to JPY 33.0 billion from JPY 22.0 billion. Ordinary income is projected at JPY 46.0 billion, compared with JPY 30.0 billion previously, a 53.3 percent increase.

Tariffs drive the earnings mix

Simply Wall St reported on October 6, 2026, that the higher outlook depends on fuel cost pass-through, sales to other power companies and updated network tariffs. That mix gives the forecast a clear regulatory and commodity-cost sensitivity rather than a purely volume-driven earnings profile.

The latest first-quarter fiscal 2027 figures add a counterweight. Revenue reached JPY 214.5 billion, up 5.9 percent year over year, but net income fell 52 percent to JPY 14.8 billion, while profit margin declined to 6.9 percent from 15 percent, according to Simply Wall St.

Consensus target remains higher

Investing.com lists a Neutral consensus from three analysts, with one Buy, two Hold ratings and no Sell ratings. The average 12-month target is JPY 1,390, with a JPY 1,050 low and JPY 1,980 high; the average target lies 28.0 percent above the October 7 price.

Market data place the stock between a 52-week low of JPY 887 and a high of JPY 1,295. The JPY 1,086 quote is 16.1 percent below the yearly high, leaving the guidance revision to prove whether improved regulated revenue can offset weaker quarterly profitability.

Stock trades at JPY 1,086

Hokkaido Electric stock was trading at JPY 1,086 on the Tokyo Stock Exchange on October 7, 2026 at 1:11 p.m. JST, with a market capitalization of JPY 223.0 billion and volume of 824,000 shares.