Stock Analysis

Hokkaido Electric Power Company Full Year 2024 Earnings: Beats Expectations

Simply Wall St

May 02, 2024

Hokkaido Electric Power Company (TSE:9509) Full Year 2024 Results

Key Financial Results

Revenue: JP¥953.8b (up 7.3% from FY 2023).
Net income: JP¥66.2b (up from JP¥23.6b loss in FY 2023).
Profit margin: 6.9% (up from net loss in FY 2023). The move to profitability was primarily driven by higher revenue.
EPS: JP¥322 (up from JP¥115 loss in FY 2023).

earnings-and-revenue-growth — TSE:9509 Earnings and Revenue Growth May 2nd 2024

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hokkaido Electric Power Company Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 19%.

Looking ahead, revenue is expected to fall by 1.7% p.a. on average during the next 3 years compared to a 1.6% decline forecast for the Electric Utilities industry in Japan.

Performance of the Japanese Electric Utilities industry.

The company's shares are down 3.5% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Hokkaido Electric Power Company has 3 warning signs (and 2 which are significant) we think you should know about.

Valuation is complex, but we're helping make it simple.

Find out whether Hokkaido Electric Power Company is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.

View the Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.