Hokuriku Electric stock gets a 25.8 MW wind update

Published on 10/08/2026 at 00:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Hokuriku Electric stock was last at JPY 1,064.50 on October 7, 2026, after a 25.8 MW wind project update. Fiscal 2026 revenue fell 8.4 percent.

Hokuriku Electric, JP3845400005, Illustration mit AI erstellt.

Hokuriku Electric Power Company stock (ISIN JP3845400005) was last at JPY 1,064.50 on the Tokyo Stock Exchange on October 7, 2026 at 3:30 p.m. JST, down JPY 3.50 or 0.33 percent. The immediate company development is a 25.8 MW onshore wind project in Toyama Prefecture, whose environmental assessment document was released for public viewing on October 1, 2026.

Wind project reaches assessment stage

According to Japan Energy Hub on October 2, 2026, Hokuriku Electric plans six 4.3 MW turbines at the Asahi project in Toyama. Grid connection limits the combined output to 25.08 MW, with construction scheduled for June 2028 and commercial operation planned for February 2031.

The project carries a feed-in premium of JPY 15.48 per kilowatt-hour from Japan's first onshore wind auction in fiscal year 2021. Hokuriku Electric Power Group also held stakes in three other wind projects at the end of March 2026, including the 21.6 MW Fukuura plant, the 8 MW Mikuni plant and the 7.5 MW Nyuzen offshore project, according to Japan Energy Hub.

Revenue and profit moved lower

The latest full-year figures show a more demanding earnings base. According to Investing.com, fiscal year 2026 revenue was JPY 786.6 billion, down 8.4 percent from JPY 835.5 billion in fiscal year 2025. Net income fell 16.4 percent to JPY 54.5 billion from JPY 65.1 billion over the same periods.

The balance sheet offered a counterpoint. Hokuriku Electric's operating cash flow reached JPY 117.5 billion in fiscal year 2026, while its equity ratio improved to 24.4 percent from 20.5 percent in fiscal year 2025, based on figures compiled from the company's filings by Yuhodb.

Analysts remain neutral

The analyst view is restrained. Investing.com lists three analysts at Hold, producing a Neutral consensus and an average 12-month price target of JPY 1,013.3. That target sits below the October 7 market price, making the wind development a longer-dated operating story rather than an immediate earnings replacement.

Stock stays below yearly high

Hokuriku Electric stock traded between JPY 1,058.50 and JPY 1,081.00 on October 7, 2026. Its JPY 1,064.50 price was 9.75 percent below the 52-week high of JPY 1,179.50 and 36.1 percent above the 52-week low of JPY 782.20.