9505
Hokuriku Electric Power Company
北陸電力株式会社
Electric Power & Gas
Hokuriku Electric Power Company supplies electricity through power generation, transmission, and distribution systems in Japan. The company generates electricity through hydroelectric, thermal, and nuclear sources. It is also involved in the sale of LNG; construction of thermal and nuclear power plant equipment; architecture, civil engineering, and paving works; design and construction business; maintenance of hydroelectric power generation substation; distribution facilities; electricity, air conditioning, water supply and drainage, communication equipment construction, and plumbing business; and manufacturing and sale of concrete poles and piles. The company also engages in providing data transmission line and office support work services; development and sale of software, logistics management system, and stem contract; real estate rental and management, temporary staffing, and leasing business; energy solutions, home sales, and gas retail business; execution of environmental greening projects; civil engineering and construction works; administrative services related to administrative indirect operations. In addition, it is involved in investment management business; manufacturing, repair and testing of electricity meters; manufacturing and sales of transformers and switchboards; cable television broadcasting service and internet service; construction and operation of black pellet manufacturing plants. The company was incorporation in 1951 and is headquartered in Toyama, Japan.
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⚠ TSE Capital Mandate
P / Book
0.39×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
—
¥858.3B
¥808.2B
¥817.6B
¥613.8B
Operating Income
¥87.5B
¥101.0B
¥114.9B
¥-73.8B
¥-16.4B
Non-Operating Income
¥15.0B
¥5.6B
¥8.0B
¥5.3B
¥7.4B
Dividend Income
—
¥799M
¥568M
¥594M
¥557M
Interest Income
—
¥282M
¥203M
¥231M
¥59M
Non-Operating Expenses
—
¥15.2B
¥14.9B
¥25.3B
¥8.6B
Interest Expense
—
¥7.4B
¥7.5B
¥7.2B
¥6.6B
Ordinary Income
¥85.0B
¥91.4B
¥107.9B
¥-93.7B
¥-17.6B
Pre-tax Income
¥78.3B
¥96.2B
¥63.1B
¥-93.7B
¥-1.2B
Income Taxes
¥23.6B
¥29.4B
¥5.0B
¥-6.1B
¥4.4B
Current Tax
—
¥15.0B
¥13.5B
¥2.0B
¥2.3B
Deferred Tax
—
¥14.4B
¥-8.5B
¥-8.1B
¥2.1B
Net Income (owners)
¥54.5B
¥65.1B
¥56.8B
¥-88.4B
¥-6.8B
Minority Interest
—
¥1.7B
¥1.2B
¥798M
¥1.1B
Comprehensive Income
—
¥78.1B
¥75.8B
¥-90.9B
¥-8.7B
EBITDA
¥150.9B
¥164.8B
¥175.6B
¥-14.7B
¥39.0B
Goodwill Amort. (J-GAAP)
—
¥863M
¥758M
¥723M
¥307M
EPS
¥260.74
¥311.98
¥272.16
¥-423.69
¥-32.60
Shares Outstanding
—
208.8M
208.7M
208.7M
208.7M
Shares Issued (total)
—
210.3M
210.3M
210.3M
210.3M
Treasury Shares
—
1.5M
1.6M
1.6M
1.6M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥1,842.1B
¥1,859.8B
¥1,855.4B
¥1,805.3B
¥1,656.7B
Current Assets
¥367.9B
¥431.7B
¥414.5B
¥370.7B
¥251.7B
Cash & Deposits
¥185.5B
¥239.4B
¥225.0B
¥165.5B
¥105.6B
Trade Receivables
—
¥97.9B
¥85.9B
¥79.8B
¥80.2B
Non-Current Assets
¥1,474.1B
¥1,428.2B
¥1,440.9B
¥1,434.7B
¥1,405.0B
Goodwill
—
¥5.7B
¥6.6B
¥6.3B
¥12.0B
Deferred Tax Assets
—
¥30.9B
¥50.1B
¥48.3B
¥39.3B
Total Liabilities
¥1,390.8B
¥1,459.0B
¥1,528.0B
¥1,553.0B
¥1,313.9B
Current Liabilities
¥286.9B
¥324.0B
¥290.2B
¥249.3B
¥240.7B
Accounts Payable
—
¥63.7B
¥49.9B
¥46.0B
¥59.9B
ST Debt
¥1.3B
¥250M
¥1.1B
¥1.4B
¥1.3B
Non-Current Liabilities
¥1,101.4B
¥1,132.8B
¥1,235.1B
¥1,300.8B
¥1,070.3B
Total LT Borrowings
¥981.0B
¥1,012.4B
¥1,089.8B
¥1,166.4B
¥941.9B
Pension Obligations
—
¥31.6B
¥33.9B
¥33.1B
¥32.2B
Total Equity
¥451.3B
¥400.8B
¥327.5B
¥252.3B
¥342.7B
Capital Stock
—
¥117.6B
¥117.6B
¥117.6B
¥117.6B
Capital Surplus
—
¥33.4B
¥34.0B
¥34.0B
¥34.0B
Retained Earnings
¥251.1B
¥201.0B
¥139.2B
¥82.3B
¥170.4B
Treasury Stock
—
¥-3.1B
¥-3.4B
¥-3.4B
¥-3.4B
AOCI
—
¥31.8B
¥20.5B
¥2.9B
¥6.1B
Equity (owners)
¥398.5B
¥348.9B
¥287.4B
¥230.6B
¥318.7B
Minority Interests
—
¥20.1B
¥19.6B
¥18.8B
¥17.9B
Total Interest-Bearing Debt ⓘ
¥982.2B
¥1,012.7B
¥1,090.9B
¥1,167.8B
¥943.2B
Net Cash ⓘ
¥-796.7B
¥-773.3B
¥-865.9B
¥-1,002.3B
¥-837.6B
NCAV ⓘ
¥-1,022.8B
¥-1,027.3B
¥-1,113.5B
¥-1,182.4B
¥-1,062.3B
NCAV/Share
—
¥-4,919
¥-5,334
¥-5,664
¥-5,089
BV/Share
—
¥1,671
¥1,377
¥1,105
¥1,527
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥117.5B
¥152.3B
¥223.3B
¥-97.0B
¥30.9B
Interest Paid
—
¥-7.3B
¥-7.6B
¥-6.9B
¥-6.7B
Interest Received
—
¥1.3B
¥958M
¥808M
¥642M
D&A
¥63.4B
¥62.9B
¥59.9B
¥58.4B
¥55.0B
Goodwill Amort.
—
¥863M
¥758M
¥723M
¥307M
Investing CF
¥-48.6B
¥-234.1B
¥-69.5B
¥-88.8B
¥-111.0B
Financing CF
¥-57.9B
¥-48.9B
¥-93.7B
¥245.8B
¥52.8B
Dividends Paid
—
¥-3.1B
¥-1M
¥-530M
¥-3.7B
Share Buybacks
—
¥-8M
¥-5M
¥-3M
¥-4M
LT Debt Repaid
—
¥-49.9B
¥-56.1B
¥-48.4B
¥-55.7B
Free Cash Flow
¥117.5B
¥152.3B
¥223.3B
¥-97.0B
¥30.9B
Net Change in Cash
—
¥-130.6B
¥60.1B
¥59.9B
¥-27.3B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
12.8%
18.9%
21.0%
-31.7%
-2.1%
ROA
2.9%
3.5%
3.1%
-5.1%
-0.4%
EPS
¥260.74
¥311.98
¥272.16
¥-423.69
¥-32.60
DPS
¥10.00
¥20.00
¥7.50
—
¥10.00
BPS
¥2,149.90
¥1,822.98
¥1,474.99
¥1,118.51
¥1,556.14
FCF/Share
—
¥729
¥1,070
¥-465
¥148
NCAV/Share
—
¥-4,919
¥-5,334
¥-5,664
¥-5,089
Payout Ratio
3.8%
6.4%
2.8%
—
—
No filings or capital allocation signals recorded for this company.
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 17
#
Shareholder
Shares (thou.)
% of Total
1
Japan Master Trust Bank
日本マスタートラスト信託銀行 株式会社(信託口)
23,893
11.44%
2
富山県
11,270
5.40%
3
Employee Stock Ownership Plan
北陸電力従業員持株会
8,185
3.92%
4
株式会社北陸銀行
7,700
3.69%
5
Japan Custody Bank
株式会社日本カストディ銀行(信託口)
7,063
3.38%
6
QR2号ファンド投資事業有限責任組合 無限責任組合員株式会社QRインベストメント
6,100
2.92%
7
大田 宜明
3,627
1.74%
8
Nippon Life Insurance
日本生命保険相互会社
3,555
1.70%
9
Mizuho Bank
株式会社みずほ銀行
3,341
1.60%
10
THE FIRST BANK OF TOYAMA, LTD.
株式会社富山第一銀行
2,740
1.31%
Domestic Nominees
14.8%
-0.9% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
0.0%
+0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
22.3%
+1.0% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
Japan Master Trust Bank
日本マスタートラスト信託銀行
10.99%
11.22%
11.44%
+0.22%
富山県
5.40%
5.40%
5.40%
Employee Stock Ownership Plan
北陸電力従業員持株会
4.18%
4.06%
3.92%
-0.14%
式会社北陸銀行
3.69%
3.69%
3.69%
Japan Custody Bank
日本カストディ銀行
2.62%
3.26%
3.38%
+0.12%
QR2号ファンド投資事業有限責任組合 無限責任組合員株式会社QRインベストメント
—
2.92%
2.92%
大田 宜明
NEW ENTRY
—
—
—
1.74%
NEW
Nippon Life Insurance
日本生命保険
2.28%
2.28%
1.70%
-0.58%
Mizuho Bank
みずほ銀行
1.60%
1.60%
1.60%
THE FIRST BANK OF TOYAMA, LTD.
式会社富山第一銀行
1.31%
1.31%
1.31%
みずほ信託銀行
last seen 2024
Exited Top 10
1.28%
1.28%
—
式会社北國銀行
last seen 2023
Exited Top 10
2.87%
—
—
Concentration (HHI)
ⓘ
207
215
219
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥25,693M
+72% since 2023
Holdings
17
Trend
3 building
vs 2023
Held Company
FY2025
¥25,693M total
FY2023
¥14,960M total
Book Val ¥M
Shares
Book Val ¥M
Shares
(株)ほくほく フィナンシャルグループ
5,680
2,211,866
2,045
2,211,866
(株)みずほ フィナンシャルグループ
4,197
1,036,287
1,946
1,036,287
(株)北國フィナンシャルホールディングス
3,927
669,123
2,766
669,123
(株)三菱UFJ フィナンシャル・グループ
3,711
1,845,440
1,564
1,845,440
FUJI ELECTRIC CO., LTD.
富士電機(株)
2,188
347,623
1,807
347,623
seiren co.,ltd.
セーレン(株)
1,414
577,500
1,346
577,500
M
TIS Inc.
TIS(株)
1,067
258,276
901
258,276
THE FIRST BANK OF TOYAMA, LTD.
(株)富山第一銀行
914
796,905
469
796,905
M
West Japan Railway Company
西日本旅客鉄道(株)
699
+100.0%
↑
240,000
654
120,000
The Japan Steel Works, Ltd.
(株)日本製鋼所
680
130,000
322
130,000
The Fukui Bank, Ltd.
(株)福井銀行
382
212,893
316
212,893
M
Keio Corporation
京王電鉄(株)
380
100,000
464
100,000
Asia Air Survey Co.,Ltd.
アジア航測(株)
111
98,037
82
98,037
M
第一生命 ホールディングス(株)
91
+300.0%
↑
80,400
48
20,100
The Bank of Toyama,Ltd.
(株)富山銀行
89
58,788
99
58,788
M
三井住友トラスト・ ホールディングス(株)
89
+100.0%
↑
24,000
54
12,000
ANA ホールディングス(株)
74
27,064
77
27,064
Portfolio total
25,693
14,960
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding