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Hokuriku Electric Reports Slight Decline in Nine-Month Profit

Hokuriku Electric Industry Co. Ltd. (6989.TO) recorded a net profit of 1.68 billion yen for the nine months ending December 31, 2024, marking a moderate decrease from the previous year's earnings. The results reflect a tightening in the electronic components market as the company maintains a steady but slightly lower trajectory across its core financial metrics.

Hokuriku Electric Reports Slight Decline in Nine-Month Profit

The company reported total revenue of 32.06 billion yen, down from 32.27 billion yen in the corresponding period last year. This marginal dip in sales influenced the bottom line, with operating profit narrowing to 1.93 billion yen from 1.95 billion yen. According to the official financial filing, these figures were prepared in accordance with Japanese accounting standards.

Financial Performance Breakdown

Pretax profit for the nine-month window reached 2.24 billion yen, compared to 2.33 billion yen in the prior fiscal year. The final net income of 1.68 billion yen resulted in earnings per share of 213.39 yen, a drop from the 221.05 yen reported previously.

Despite the slight year-on-year contraction, the narrow variance in operating margins suggests the firm is effectively managing its cost structures. The data indicates that Hokuriku Electric Industry remains resilient within the broader manufacturing sector, even as global demand for electronic components faces periodic volatility.

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