Hokuriku Electric Power Company
9505.T
Tokyo Stock Exchange920.50
JPY
+11.20
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Hokuriku Electric Power Company
9505.T
(Tokyo Stock Exchange)
Recent
price
920.50
P/E
ratio
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div
yld
- -
ROIC.AI
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- Business
- Hokuriku Electric Power Company supplies electricity through integrated power generation, transmission, and distribution systems primarily in the Hokuriku region of Japan, encompassing Toyama, Ishikawa, Fukui, and Niigata prefectures; the company generates power from hydroelectric sources with 131 stations totaling 1,940 MW capacity, thermal power including coal-fired, heavy oil, LNG, and crude oil units at facilities such as Nanao Ohta, Toyama, Tsuruga, and Toyama Shinko stations totaling 4,565 MW, nuclear power at Shika Nuclear Power Station Units 1 and 2 with 1,746 MW capacity, and photovoltaic sources contributing 4 MW; it operates extensive transmission networks with 3,361 km of lines and 260 substations at 32,747 MVA capacity, alongside 43,644 km of distribution lines; additional services encompass LNG sales, construction and maintenance of thermal and nuclear power equipment, civil engineering and electrical works, software development including logistics systems, wide-area Ethernet and data center operations, environmental greening projects, real estate leasing, temporary staffing, nursing care, concrete pole and pile manufacturing, and power meter production and testing. Founded on May 1, 1951 and headquartered at 15-1 Ushijima-cho, Toyama-shi, Toyama Prefecture, Japan, the company split into Hokuriku Electric Power Transmission & Distribution Company in 2019-2020 to comply with Japan's electricity system reforms, enhancing operational focus on generation/sales and transmission/distribution segments respectively. Recent developments include rapid restoration efforts following the 2024 Noto Peninsula Earthquake that damaged Nanao-Ohta Thermal Power Station and Shika Nuclear facilities, with both thermal units resuming operations before summer 2024 and ongoing nuclear inspections; advancement of the New Mid-term Business Plan (FY2023-2027) emphasizing stable supply, financial recovery targeting consolidated ordinary income above 45 billion yen, equity ratio over 20%, and ROE above 8% by FY2027, alongside decarbonization initiatives for 50% non-fossil generation by FY2030 and carbon neutrality by 2050; execution of a Comprehensive Collaboration Agreement with INPEX Corporation on January 17, 2025, to jointly pursue decarbonization through next-generation fuels like CCS, hydrogen, and ammonia, resilient infrastructure, and regional revitalization; and revision of financial targets in the mid-term plan on October 30, 2025, amid FY2024 Action Plan priorities for post-earthquake resilience and DX certification by Japan's Ministry of Economy, Trade, and Industry.