Hokkaido Electric Power Co. Inc. reported consolidated earnings and production results for the nine months ended December 31, 2017. For the period, the company reported net sales of JPY 520,526 million compared to JPY 505,710 million a year ago. Operating income was JPY 14,911 million compared to JPY 20,288 million a year ago. Ordinary income was JPY 4,310 million compared to JPY 8,965 million a year ago. Profit before income taxes was JPY 5,561 million compared to JPY 6,086 million a year ago. Profit attributable to owners of the parent was JPY 3,590 million compared to JPY 4,533 million a year ago. Net earnings per share were JPY 10.92 compared to JPY 15.51 a year ago.

The company provided consolidated and non-consolidated earnings guidance for the full year ending March 31, 2018. For the year, on consolidated basis, the company expects operating revenue of JPY 728,000 million, operating profit of JPY 28,000 million, ordinary profit of JPY 14,000 million and profit attributable to owners of parent of JPY 12,000 million or JPY 49.70 per share.

For the year, on non-consolidated basis, the company expects operating revenue of JPY 698,000 million, operating profit of JPY 22,000 million, ordinary profit of JPY 8,000 million and profit attributable to owners of parent of JPY 9,000 million or JPY 35.10 per share.