Hokkaido Electric Power Incorporated : Financial Results for the Three Months Ended June 30 2023

■ Financial Results for the Three Months

Ended June 30, 2023

July 28, 2023

Hokkaido Electric Power Co., Inc.

■ Table of Contents

■ Financial Results and Forecasts

■ Management Approach

・Consolidated－Business Results/Financial Status for the Three Months Ended June 30, 2023

・Consolidated－ Statement of Operations for the Three Months Ended June 30, 2023

・Outline of Consolidated Financial Results for the Three Months Ended June 30, 2023

・Consolidated Financial Results for the Three Months Ended June 30, 2023 -Year-on-year changes in ordinary income/loss

• 3
• 4
• 5
• 6

・Retail electricity sales

・Efforts to Accelerate the Restart of Tomari Nuclear Power

・Operational launch of the hydrogen production facility

・Commissioned to conduct a CCS feasibility study for the Tomakomai area

・Power delivery utilizing off-site PPA

・・・	26
・・・	29
・・・	32
・・・	33
・・・	34

・Forecasts of Consolidated Financial Performance for FY2024 (Ending March 2024)

・Forecasts of Consolidated Financial Performance for FY2024 (Ending March 2024) -Year-on-year changes in ordinary income/loss

・FY2024 Dividend Forecast

・Financial Results Supplementary Materials

・・・	7	・Updates to the Corporate Governance Report
		・Topics for Period After 1Q Results
・・・	8	Announcement

• 9
• 10

・・・	35
・・・	36

1

■ Financial Results and Forecasts

2

■ Consolidated－

Business Results/Financial Status for the Three Months Ended June 30, 2023

Business results				（Billion yen）
	April 1, 2023 -	April 1, 2022 -	Increase/	Comparison
	June 30, 2023	June 30, 2022	Decrease
	(A)/(B) %
	(A)	(B)	(A)-(B)
Operating Revenue	227.7	176.0	51.7	29.4
Operating Profit	49.4	13.0	36.3	278.3
Ordinary Profit	47.5	12.7	34.8	273.0
Profit attributable to owners	34.6	10.4	24.1	231.5
of parent

Basic net income per share [Yen]

166.79

49.13

117.66

Financial status			（Billion yen）
	As of June		As of March	Increase/
		Decrease
	30, 2023(A)		31, 2023(B)
		(A)-(B)
Assets		2,116.1	2,093.3	22.8
Net Assets		293.5	258.1	35.4

Shareholders' Equity Ratio

13.3%

11.7%

1.6％

3

■ Consolidated－

Statement of Operations for the Three Months Ended June 30, 2023

（ Billion yen ）

April 1, 2023 -	April 1, 2022 -	Increase/	Comparison
June 30,	2023	June 30,	2022	Decrease
(A)/(B) %
(A)		(B)		(A)-(B)

	Operating Revenues	227.7	176.0	51.7	29.4
Ordinary Revenue			Electricity utility operating	218.2	166.2	52.0	31.3
		revenue
			Other business operating revenue	9.5	9.8	(0.2)	(2.5)
	Non-operating Income	1.1	2.4	(1.2)	(52.3)
			Subtotal	228.9	178.5	50.4	28.3
	Operating Expenses	178.3	162.9	15.4	9.5
Ordinary Revenue		Electricity utility operating expenses	170.1	154.3	15.8	10.3
Non	-operating Expenses	3.0	2.7	0.2	9.5
		Other business operating expenses	8.2	8.6	(0.4)	(5.0)
			Subtotal	181.4	165.7	15.6	9.5
			[Operating Profit]	[49.4]	[13.0]	[36.3]	[278.3]
			Ordinary Profit	47.5	12.7	34.8	273.0
Provision or reversal of reserve for fluctuation in	0.0	0.0	0.0	350.0
			water levels
		Profit before income taxes	47.5	12.7	34.7	273.0
			Income taxes	12.9	2.3	10.5	445.1
			Profit	34.5	10.3	24.1	233.5
		Profit (Loss) attributable to	(0.0)	(0.0)	0.0	ー
		non-controlling interests
	Profit attributable to owners of parent	34.6	10.4	24.1	231.5

(Appendix）

Comprehensive Income

35.5

10.1

25.4

252.1

4