Hokkaido Electric Power Company, Incorporated
9509・Prime Market・Electric Power & Gas
Governance
The company has adopted the Company with an Audit and Supervisory Committee structure, with a Board of Directors consisting of 14 members (including 5 outside directors). It aims to strengthen oversight functions and accelerate decision-making through an executive officer system and partial delegation of operational execution authority. Following the Annual General Meeting of Shareholders in June 2026, the Board is expected to consist of 12 directors (including 5 outside directors).
Risk Management
The company has established a company-wide integrated risk management framework based on its
Shareholder Returns
Common stock dividend for FY2026 (ending March 2026) increased to ¥32 per share annually (interim ¥15, year-end ¥17). Forecast for FY2027 (ending March 2027) is ¥33 per share annually (interim and year-end ¥16.50 each). Consolidated payout ratio is 15.4%. Class B preferred stock continues at ¥3,000,000 annually. Share buybacks are minor.
Dividend Policy
The basic policy is to maintain stable dividends, determined by comprehensively considering the medium- to long-term business environment and financial performance. Actual common stock dividends were ¥20 per share annually (interim ¥10, year-end ¥10) for FY2025 (ended March 2025), and ¥32 per share annually (interim ¥15, year-end ¥17) for FY2026 (ending March 2026). The forecast for FY2027 (ending March 2027) is ¥33 per share annually (interim and year-end ¥16.50 each), with a forecasted consolidated payout ratio of 32.9%. Class B preferred stock is paid at ¥3,000,000 per share annually (interim and year-end ¥1,500,000 each) in accordance with the Articles of Incorporation. The consolidated payout ratio was 6.5% for FY2025 (ended March 2025) and 15.4% for FY2026 (ending March 2026). The consolidated dividend-on-equity ratio (DOE) is 1.7% for FY2026 (ending March 2026).
ESG
In climate change countermeasures, the company has set targets of a 46% reduction in GHG emissions by FY2030 (versus FY2013) and a reduction contribution of 1.5 million t-CO2, promoting the restart of the Tomari Nuclear Power Station, expansion of renewable energy, and decarbonization of thermal power. In terms of human capital, based on the "Hokuden Group Human Resources Strategy," the company manages indicators such as DX talent development (course completion rate of 94.59%), a female hiring ratio of 18.1%, and a male childcare leave uptake rate of 50.3%, and has been certified as a "White 500" Health & Productivity Management Outstanding Organization for 7 consecutive years.
Last updated: June 23, 2026