Hokkaido Electric Power Incorporated : Financial Results for the Six Months Ended September 30, 2022

■ Financial Results for the Six Months

Ended September 30, 2022

November 10, 2022

Hokkaido Electric Power Co., Inc.

■ Table of Contents

□Financial Results and Forecasts

□Management Approach

• Consolidated Business Results/Financial Status for the Six Months Ended September 30, 2022
• Consolidated Statement of Operations

for the Six Months Ended September 30, 2022

• Outline of Consolidated Financial Results

for the Six Months Ended September 30, 2022

• Consolidated Financial Results for the Six

Months Ended September 30, 2022

－Year-on-year changes in ordinary income/loss

• Forecasts of Consolidated Financial Performance for FY2023 (Ending March 2023)

・Forecasts of Consolidated Financial

Performance for FY2023 (Ending March 2023)

－Year-on-year changes in ordinary income/loss

・FY2023 Year-ended Dividend Forecasts

• Financial Results Supplementary Materials

・・・	3	・ Initiative for Early Restart of Tomari Nuclear
		Power Station
・・・	4	・ Electricity Retail Sales
・・・	5	・First Quarter Financial Results
Announcement (July 29) Subsequent Topics

・Reference Materials

• 6
• 7
• 8
• 9
• 10

• 28
• 32
• 33
• 37

1

■ Financial Results and Forecasts

2

• Consolidated－ Business Results/Financial Status for the Six Months Ended September 30, 2022

【 Business results】				（Billion yen）
		April 1 - Sept. 30,	April 1 - Sept. 30,	Increase/	Comparison
		2022	2021	Decrease
		(A)/(B) %
		(A)	(B)※	(A)-(B)
	Operating Revenue	386.8	273.4	113.3	41.5
	Operating Profit(loss)	(0.9)	27.1	(28.1)	ー
	Ordinary Profit(loss)	(1.0)	22.7	(23.7)	ー
	Profit(loss) attributable to	(1.6)	17.4	(19.0)	ー
	owners of parent

Basic net income (loss) per share [Yen]

11.29

81.71

(93.00)

【 Financial status】			（Billion yen）
		As of Sept	As of March	Increase/
		Decrease
		30, 2022(A)	31, 2022(B)
		(A)-(B)
	Assets	2,075.6	1,992.8	82.8
	Net Assets	281.3	285.7	(4.3)

Shareholders' Equity Ratio

12.9%

13.7％

(0.8％)

3

■ Consolidated－ Statement of Operations for the Six Months Ended September 30, 2022

							（ Billion yen ）
				1H FY2022	1H FY2021
				consolidated	consolidated	Increase/Decrease	Comparison
				cumulative period	cumulative period	(A)-(B)	(A)/(B) %
				(A)	(B)
	Operating Revenues	386.8	273.4	113.3	41.5
Ordinary Revenue			Electricity utility operating revenue	362.7	255.1	107.6	42.2
Non-	operating Income	5.2	3.0	2.2	74.3
			Other business operating revenue	24.1	18.3	5.7	31.4
			Subtotal	392.1	276.4	115.6	41.8
	Operating Expenses	387.8	246.3	141.4	57.4
Ordinary Revenue		Electricity utility operating expenses	366.3	230.0	136.3	59.3
Non	-operating Expenses	5.3	7.4	(2.0)	(28.1)
		Other business operating expenses	21.4	16.3	5.1	31.7
			Subtotal	393.1	253.7	139.3	54.9
			[Operating Profit(loss)]	[(0.9)]	[27.1]	[(28.1)]	[ー]
			Ordinary Profit(loss)
			(1.0)	22.7	(23.7)	ー
Provision or reversal of reserve for fluctuation in	0.3	(0.2)	0.5	ー
			water levels
	Profit(loss) before income taxes	(1.3)	22.9	(24.3)	ー
			Income taxes	0.2	5.3	(5.1)	(95.9)
			Profit(loss)	(1.5)	17.6	(19.2)	ー
			Profit attributable to	0.0	0.1	(0.1)	(88.0)
		non-controlling interests
Profit(loss) attributable to owners of parent	(1.6)	17.4	(19.0)	ー

(Appendix）

Comprehensive Income

(1.4)

16.8

(18.2)

ー

4