Hokuriku Electric Power Company
9505・Prime Market・Electric Power & Gas
Governance
As a company with a Board of Corporate Auditors, the company maintains a Board of Directors and a Board of Corporate Auditors as its basic governance structure, and has appointed 4 outside directors (out of 8 directors in total). It has established a Nomination and Compensation Committee (composed of 4 outside directors and 2 representative directors), and strengthens shareholder oversight of management through a one-year director term.
Risk Management
Management risks are appropriately identified and evaluated, and are reflected in the management plan formulated annually by the Board of Directors, with company-wide cross-functional committees, etc. established as necessary to respond. For climate change risk, a framework has been established in which the Carbon Neutral Challenge Promotion Council identifies and evaluates such risk and reports to the Board of Directors.
Shareholder Returns
For FY2026 (ending March 2026), an annual dividend of ¥25 per share (interim ¥10 + year-end ¥15) will be paid, with total dividends of ¥5,222 million. The forecast for FY2027 (ending March 2027) also maintains an annual dividend of ¥25 (interim ¥12.5 + year-end ¥12.5). The basic policy is shareholder returns and strengthening of the financial base, reflecting the recovery in the equity ratio.
Dividend Policy
The basic policy is to "continue meeting shareholder expectations through the strengthening of 'shareholder returns' and the 'financial base,' reflecting the equity ratio that has recovered to a certain extent." Dividends are paid twice a year, as an interim dividend and a year-end dividend. For FY2026 (ending March 2026), the annual dividend per share is ¥25 (interim ¥10 + year-end ¥15), with total dividends of ¥5,222 million and a consolidated payout ratio of 9.6%. The forecast for FY2027 (ending March 2027) is an annual dividend of ¥25 (interim ¥12.5 + year-end ¥12.5).
ESG
The company has expressed support for the TCFD recommendations and formulated a roadmap toward carbon neutrality by 2050 (including a reduction of CO₂ emissions by 50% or more by FY2030, etc.). In terms of human capital, the company is actively promoting DEI and respect for human rights, achieving a male childcare leave take-up rate of 100.6% and being selected for the Certified Health & Productivity Management Outstanding Organizations (White 500) for four consecutive years, among other initiatives.
Last updated: June 24, 2026