Hokkaido Electric Power Incorporated : Financial Results for the Year Ended March 31, 2023

■ Financial Results for the Year

Ended March 31, 2023

May 11, 2023

Hokkaido Electric Power Co., Inc.

■ Table of Contents

■ Financial Results and Forecasts

・Consolidated Business Results/Financial Status

・Consolidated Statement of Operations

・Outline of Consolidated Financial Results

・Consolidated Financial Results for FY2023 (Ending March 2023)

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

• Forecasts of Consolidated Financial Performance for FY2024 (Ending March 2024)
• FY2023 Year-End Dividends and FY2024 Dividend Forecast
• Financial Results Supplementary Materials

		■ Management Approach
・・・	3	・Efforts to Accelerate the Restart of Tomari
		Nuclear Power Plant
・・・	4	・Plans for new construction and
		decommissioning of major power supply
・・・	5	facilities
		・Retail electricity sales
・・・	6	・Approval of wheeling rates
・・・	7	・Partial change in the investment contract for
		Class B preferred stocks
・・・	8	・HEPCO Group Management Vision 2030
		-Management Goals for 2030

• 9 ・Topics for Period After 3Q Results Announcement

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1

■ Financial Results and Forecasts

2

■ Consolidated－ Business Results/Financial Status

Business results				（Billion yen）
	April 1, 2022 -	April 1, 2021 -	Increase/	Comparison
	March 31, 2023	March 31, 2022	Decrease
	(A)/(B) %
	(A)	(B)	(A)-(B)
Operating Revenue	888.8	663.4	225.4	34.0
Operating Profit(loss)	(22.5)	24.9	(47.5)	ー
Ordinary Profit(loss)	(29.2)	13.8	(43.0)	ー
Profit(loss) attributable to	(22.1)	6.8	(29.0)	ー
owners of parent

Basic net income (loss) per share [Yen]

(114.96)

26.57

(141.53)

Financial status			（Billion yen）
	As of March		As of March	Increase/
		Decrease
	31, 2023(A)		31, 2022(B)
		(A)-(B)
Assets		2,093.3	1,992.8	100.4
Net Assets		258.1	285.7	(27.6)

Shareholders' Equity Ratio

11.7%

13.7％

(2.0％)

3

■ Consolidated－ Statement of Operations

							（ Billion yen ）
				April 1, 2022 -	April 1, 2021 -	Increase/Decrease	Comparison
				March 31, 2023	March 31, 2022
				(A)-(B)	(A)/(B) %
				(A)	(B)
	Operating Revenues	888.8	663.4	225.4	34.0
Ordinary Revenue			Electricity utility operating	835.9	625.4	210.4	33.6
		revenue
			Other business operating revenue	52.8	37.9	14.9	39.5
	Non-operating Income	4.5	3.4	1.1	34.7
			Subtotal	893.4	666.8	226.6	34.0
	Operating Expenses	911.4	638.4	272.9	42.8
Ordinary Revenue		Electricity utility operating expenses	864.3	604.9	259.4	42.9
Non	-operating Expenses	11.3	14.5	(3.2)	(22.3)
		Other business operating expenses	47.0	33.4	13.5	40.5
			Subtotal	922.7	652.9	269.7	41.3
			[Operating Profit]	[(22.5)]	[24.9]	[(47.5)]	ー
			Ordinary Profit	(29.2)	13.8	(43.0)	ー
Provision or reversal of reserve for fluctuation in	0.5	0.1	0.4	369.8
			water levels
			Extraordinary income	5.7	ー	5.7	ー
			Extraordinary loss	2.5	1.5	0.9	64.8
		Profit before income taxes	(26.5)	12.1	(38.7)	ー
			Income taxes	(4.7)	4.8	(9.6)	ー
			Profit	(21.8)	7.3	(29.1)	ー
		Profit (Loss) attributable to	0.3	0.4	(0.0)	(18.3)
		non-controlling interests
	Profit attributable to owners of parent	(22.1)	6.8	(29.0)	ー

(Appendix）

Comprehensive Income

(24.6)

3.1

(27.8)

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