Hokuriku Electric Power Company (9505) Stock Price

Hokuriku Electric Power is primarily engaged in supplying electricity to the three prefectures of the Hokuriku region (Toyama, Ishikawa, and Fukui prefectures) and parts of Gifu prefecture. The company operates across multiple business segments, including power generation and sales, transmission and distribution, equipment maintenance and construction, manufacturing and sales of equipment and materials, information and telecommunications services, and energy-related businesses.

In the power generation and sales business, the company has subsidiaries such as Nihonkai Power Generation and Kaga Furusato Denki, along with affiliated companies including Kurobe River Power and Toyama Joint Self-Generation. These companies primarily supply electricity to Hokuriku Electric Power.

The transmission and distribution business is operated by Hokuriku Electric Power Transmission and Distribution, which ensures stable electricity supply throughout the region. For equipment maintenance and construction work, subsidiaries such as Hokuriku Plant Service and Nihonkai Kenkou handle maintenance and construction of power facilities.

In equipment and materials manufacturing and sales, Nihonkai Concrete Industry manufactures concrete products, while Hokuriku Instruments and Hokuriku Electric Manufacturing provide power-related equipment and materials. The information and telecommunications business is operated by Hokuriku Communications Network, which provides dedicated communication line services and operates data center businesses.

In energy-related businesses, Hokuriku Elnesse and Hokuriku Electric Power Business & Investment provide energy solutions and business investments. The company also engages in overseas electric power operations, real estate management, and environmental surveys. Through these diverse business operations, Hokuriku Electric Power contributes to regional society.

Hokuriku Electric Power has announced a new medium-term management plan covering fiscal years 2023 through 2027 and is advancing its growth strategy. The plan is structured around three pillars: securing stable power supply and strengthening financial foundations, promoting decarbonization in partnership with the region, and expanding into new business areas for sustainable growth.

Fiscal year 2025 marks the midpoint of the plan, and Hokuriku Electric Power has set three reinforcement priorities. First, it aims to strengthen resilience against disasters and contribute to regional development. Second, it is advancing new power source development to balance stable supply with decarbonization efforts.

Additionally, to expand profits and strengthen equity capital, the company is maximizing supply-demand balance and enhancing service offerings. Through these measures, Hokuriku Electric Power is pursuing sustainable growth and has established a roadmap toward achieving carbon neutrality by 2050.

The roadmap targets renewable energy development, increased non-fossil fuel power ratios, and reduced CO2 emissions. Hokuriku Electric Power is advancing business expansion beyond its traditional electricity business to contribute to solving regional social challenges and realizing a smart society.