Hokkaido Electric Power Co. Inc. announced consolidated and non-consolidated earnings results for the year ended March 31, 2018. For the year, on consolidated basis, the company reported operating revenue of JPY 733,050 million against JPY 702,776 million a year ago. Operating profit was JPY 33,726 million against JPY 27,443 million a year ago. Ordinary profit was JPY 19,421 million against JPY 12,603 million a year ago. Profit attributable to owners of parent was JPY 16,549 million against JPY 8,793 million a year ago. Basic earnings per share were JPY 71.84 against JPY 34.09 a year ago. Net rate of return on shareholders' equity was 8.5% against 4.7% a year ago. Net assets per share were JPY 742.64 against JPY 681.53 a year ago. Cash flows from operating activities were JPY 107,054 million against JPY 67,081 million a year ago. Profit before income taxes was JPY 20,352 million against JPY 9,755 million a year ago. Purchase of non-current assets was JPY 152,696 million against JPY 147,513 million a year ago.

For the year, on non-consolidated basis, the company reported operating revenue of JPY 703,189 million against JPY 677,141 million a year ago. Operating profit was JPY 27,349 million against JPY 20,258 million a year ago. Ordinary profit was JPY 13,202 million against JPY 5,838 million a year ago. Profit was JPY 13,110 million against JPY 5,150 million a year ago. Basic earnings per share were JPY 55.10 against JPY 16.37 a year ago. Net assets per share were JPY 590.85 against JPY 545.45 a year ago.

The company declared cash dividend of JPY 5.00 per share for the year ended March 31, 2018 against JPY 5.00 per share paid a year ago. The payment of dividend is on June 28, 2018.
For the year ending March 31, 2019, on consolidated basis, the company expects operating revenue to be JPY 750,000 million.
For the year ending March 31, 2019, on non-consolidated basis, the company expects operating revenue to be JPY 718,000 million.