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Overview

Electric Power and Gas

Hokuriku Electric Power Company

Hokuriku Electric Power Company is the vertically integrated electric utility serving the Hokuriku region of Japan, supplying electricity primarily to Toyama, Ishikawa, and Fukui prefectures as well as parts of Gifu Prefecture. The company operates across the full electricity value chain—generation, transmission, distribution, and retail—with its transmission and distribution network spun off into a wholly-owned subsidiary, Hokuriku Electric Power Transmission & Distribution Co., Ltd. Beyond core power supply, the group provides information and telecommunications services, facility construction and maintenance, energy solutions, and has investments in overseas renewable energy projects including offshore wind in Taiwan and solar in Indonesia.

Market Cap

¥222B

US$1.42B

¥1,115B

US$7.11B

Stock¥1,063.5▼-0.84%

US$1 = ¥156.80 (2026-10-23)

LTM EV/EBITDA

7.9

LTM EV/EBIT

14.3

LTM PER

4.6

LTM PBR

0.5

Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-1.4%pt

Oct 24, 25 – Oct 23, 26StockTOPIX

1Nov 26, 25Market-wide: November rally

2Mar 4, 26Market-wide: March shock

3Mar 9, 26Market-wide: March continued decline

4Mar 18, 26Market-wide: March rebound

MC → EV Bridge

AI Briefing

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Performance & Balance

Revenue 5Y (¥B)

EBITDA 5Y (¥B)

Net Income 5Y (¥B)

Capital Structure

29%

71%

EquityD/E 2.46xDebt

Liquidity vs Debt 5Y (¥B)▼ Net Debt

CashInv. Sec.Debt

Shareholders

Top 10 hold 36.2%

as of 2026-03-31 · Source: Annual Securities Report

The Master Trust Bank of Japan, Ltd. (Trust Account)

11.99%

Toyama Prefecture

5.39%

Hokuriku Electric Power Company Employee Stock Ownership Association

3.82%

The Hokuriku Bank, Ltd.

3.69%

QR No. 2 Fund Investment Limited Partnership (General Partner: QR Investment Co., Ltd.)

2.92%

Custody Bank of Japan, Ltd. (Trust Account)

2.34%

STATE STREET BANK AND TRUST COMPANY 505103 (Standing Proxy: Mizuho Bank, Ltd.)

1.80%

Nippon Life Insurance Company

1.70%

THE FIRST BANK OF TOYAMA,LTD.

1.31%

Mizuho Trust & Banking Co., Ltd. (Retirement Benefit Trust, The Hokuriku Bank, Ltd. Account)

1.28%

Management

13 officers

Yutaka KANAI

Representative Director, Chairman

Apr 1977 Joined Hokuriku Electric Power Company Jun 2005 General Manager, Hokuriku Electric Power Company Jun 2007 Executive Officer, Hokuriku Electric Power Company Jun 2010 Managing Director, Hokuriku Electric Power Company Jun 2013 Representative Director, Executive Vice President, Hokuriku Electric Power Company Jun 2015 Representative Director, President, Executive Officer, Hokuriku Electric Power Company Jun 2021 Representative Director, Chairman, Hokuriku Electric Power Company (current)

1954-10-19

Koji MATSUDA

Representative Director, President, President Executive Officer

Apr 1985 Joined Hokuriku Electric Power Company Jun 2016 Executive Officer, Hokuriku Electric Power Company Jun 2019 Director, Managing Executive Officer, Hokuriku Electric Power Company Jun 2021 Representative Director, President, President Executive Officer, Hokuriku Electric Power Company (current)

1962-11-11

Mitsuhiro ODA

Representative Director, Executive Vice President, Executive Vice President Executive Officer, General Manager of Regional Coexistence Headquarters, Deputy General Manager of Nuclear Power Headquarters

Apr 1987 Joined Hokuriku Electric Power Company Jun 2018 Executive Officer, Hokuriku Electric Power Company Jun 2021 Managing Executive Officer, Hokuriku Electric Power Company Jun 2025 Director, Managing Executive Officer, Hokuriku Electric Power Company Jun 2026 Representative Director, Executive Vice President, Executive Vice President Executive Officer, Hokuriku Electric Power Company (current)

1962-11-23

Masayoshi HAYASHI

Director, Managing Executive Officer, General Manager of Innovation Promotion Headquarters

Apr 1988 Joined Hokuriku Electric Power Company Jun 2020 Executive Officer, Hokuriku Electric Power Company Jun 2023 Managing Executive Officer, Hokuriku Electric Power Company Jun 2026 Director, Managing Executive Officer, Hokuriku Electric Power Company (current)

1964-01-14

Kenju ATAKA

Director

Apr 1973 Joined Hokkoku Bank, Ltd. Jun 1998 Director, Hokkoku Bank, Ltd. Jun 2002 Managing Director, Hokkoku Bank, Ltd. Jun 2004 Senior Managing Director, Hokkoku Bank, Ltd. Jun 2006 Representative Director, President, Hokkoku Bank, Ltd. Nov 2016 President, Kanazawa Chamber of Commerce and Industry (current) Jun 2017 Director, Hokuriku Electric Power Company (current) Jun 2020 Senior Advisor, Hokkoku Bank, Ltd. (current)

1950-07-13

Eishin IORI

Director

Apr 1979 Joined Hokuriku Bank, Ltd. Jun 2009 Director, Hokuhoku Financial Group, Inc. Jun 2009 Director, Hokuriku Bank, Ltd. Jun 2010 Managing Executive Officer, Hokuriku Bank, Ltd. Jun 2013 Representative Director, President, Hokuhoku Financial Group, Inc. Jun 2013 Representative Director, President, Hokuriku Bank, Ltd. Jun 2022 Representative Director, Chairman, Hokuriku Bank, Ltd. (current) Nov 2022 President, Toyama Chamber of Commerce and Industry (current) Jun 2023 Director, Hokuriku Electric Power Company (current)

1956-08-20

Yuko YAMASHITA

Director

Apr 1997 Associate Professor, Faculty of Commerce, Hitotsubashi University Apr 2000 Associate Professor, Graduate School of Commerce, Hitotsubashi University Sep 2004 Visiting Research Fellow, Department of Sociology, Princeton University Apr 2017 Professor, Graduate School of Commerce, Hitotsubashi University Apr 2018 Professor, Faculty of Commerce, Hitotsubashi University Apr 2018 Professor, Graduate School of Business Administration, Hitotsubashi University Jun 2023 Director, Hokuriku Electric Power Company (current) Apr 2026 Professor, Department of Marketing, Faculty of Business Administration, Aoyama Gakuin University (current)

1962-04-16

Seiichiro YAGI

Director

Jul 1985 Joined Fukubi Chemical Industry Co., Ltd. Jul 1988 Director, Fukubi Chemical Industry Co., Ltd. Jun 1998 Representative Director, Senior Managing Director, Fukubi Chemical Industry Co., Ltd. Jun 2002 Representative Director, President, Fukubi Chemical Industry Co., Ltd. Jun 2005 Representative Director, Chairman, Fukubi Housing Co., Ltd. (current) Jun 2007 Representative Director, Chairman, Refojour Co., Ltd. (now Fukubi Refojour Architects Co., Ltd.) Nov 2016 Representative Director, Chairman, Arisu Chemical Co., Ltd. (current) Oct 2018 Representative Director, Chairman, Fukubi Okayama Co., Ltd. (current) Jun 2021 President, Fukui Chamber of Commerce and Industry (current) Jun 2024 Representative Director, Chairman, CEO, Fukubi Chemical Industry Co., Ltd. (current) Jun 2025 Director, Hokuriku Electric Power Company (current)

1959-11-22

Shinya MURASUGI

Full-time Audit and Supervisory Board Member

Apr 1990 Joined Hokuriku Electric Power Company Jun 2021 Executive Officer, Hokuriku Electric Power Company Jun 2024 Full-time Audit and Supervisory Board Member, Hokuriku Electric Power Company (current)

1965-11-06

Tomiko KOCHI

Full-time Audit and Supervisory Board Member

Apr 1988 Joined Hokuriku Electric Power Company Jun 2026 Full-time Audit and Supervisory Board Member, Hokuriku Electric Power Company (current)

1965-06-01

Etsuko AKINIWA

Audit and Supervisory Board Member

Apr 1971 Joined Japan Airlines Co., Ltd. Jul 1989 Public Relations Department, Federation of Electric Power Companies of Japan Apr 1996 Public Relations Department, Kanto Branch, Nippon Telegraph and Telephone Corporation Jun 1999 Director, Japan Association of Consumer Life Advisers and Consultants (now Japan Association of Consumer Life Advisers, Consultants and Counselors, a public interest incorporated association) May 2003 Director and Chairperson, Asuka Energy Forum (NPO) Jan 2010 Member, Japan Atomic Energy Commission, Cabinet Office May 2014 Director and Chairperson, Asuka Energy Forum (NPO), reappointed (current) Jun 2015 Audit and Supervisory Board Member, Hokuriku Electric Power Company (current)

1948-07-10

Masahiro HAYASHI

Audit and Supervisory Board Member

Apr 1981 Joined The Fukui Bank, Ltd. Jun 2008 Director, The Fukui Bank, Ltd. Jun 2009 Director and Executive Officer, The Fukui Bank, Ltd. Jun 2010 Director and Managing Executive Officer, The Fukui Bank, Ltd. Jun 2014 Director and Senior Managing Executive Officer, The Fukui Bank, Ltd. Jun 2015 Director and Representative Executive Officer, President, The Fukui Bank, Ltd. Jun 2021 Audit and Supervisory Board Member, Hokuriku Electric Power Company (current) Jun 2022 Chairman, Director and Representative Executive Officer, The Fukui Bank, Ltd. (current)

1957-04-16

Akiko NAKAMURA

Audit and Supervisory Board Member

Apr 1992 Registered with Nara Bar Association Feb 1994 Registered with Kanazawa Bar Association (current) Jun 2024 Audit and Supervisory Board Member, Hokuriku Electric Power Company (current)

1959-12-30

Large Shareholding Reports

No filings

Disclosures

No disclosures

Primary Source Filings

TDnet

2026-07-29

Q1 Earnings Flash

FY ending Mar 2027

Hokuriku Electric Power Company

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Hokuriku Electric Power Company

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