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Presentation materials for financial results7162ASTMAX Co.,Ltd.Electricity and gas

Financial Results Briefing Materials for the Fiscal Year Ending March 2026 [14th Fiscal Year]

For the fiscal year ending March 2026, consolidated operating revenue, operating profit, ordinary profit and net income improved significantly year on year, driven by higher revenue from the power trading-related business and the recognition of gains on hedging transactions. On an underlying basis excluding the impact of hedging transactions, however, the improvement was limited. Profit declined in the renewable energy and retail businesses, while the dealing business remained in the red.

Worth reading
55In focus
0–100. This measures how worthwhile something is to read, not how good or bad the company is.
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
2812
Millions of yen (year-on-year increase in operating profit)
Wording
Conditional
How definitive the wording is.

Contents of this document

Presentation materials for financial resultsFiscal year ending March 20268 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥25,258 million+22.2%
Operating profit¥2,635 million
Ordinary income¥2,534 million
Net income¥1,956 million net income attributable to owners of the parent
Results for the three months of the current quarter
Renewable Energy-Related Business
Operating revenue¥306 million
Segment Profit or Loss¥-17 million
Power trading-related business
Operating revenue¥7,585 million
Segment Profit or Loss¥2,969 million
Retail Business
Operating revenue¥1,449 million
Segment Profit or Loss¥19 million
Dealing business
Operating revenue¥318 million
Segment Profit or Loss¥235 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Higher revenue from the power trading-related business¥5,815 million
  • Higher revenue from the renewable energy-related business¥183 million
  • Lower revenue from the retail business¥-1,263 million
  • Higher revenue from the dealing business¥44 million
  • Higher power procurement costs¥-1,670 million
  • Impact of gains and losses on power futures transactions for hedging purposes¥2,473 million
  • Gain on sale of investment securities in the previous year¥-151 million
  • Penalty income¥14 million
  • Gain on sale of investment securities¥146 million
  • Provision for allowance for doubtful accounts¥-38 million
New initiatives
  • Formulation of Medium-Term Vision 2028 “Shift Up”
  • Capital and business alliance with HULIC Property Solutions Co., Ltd.
  • Commencement of operations and management of the Shinkawa grid-scale battery storage power plant
  • ¥860 million capital increase in アストマックスえびの地熱株式会社 by Takenaka Corporation
  • Policy to discontinue the dealing business by the end of the fiscal year ending March 2027
  • Launch of a service supplying electricity to vacant units for property leasing and management companies
Key KPIsA metric the company considers important as a management benchmark.
  • Net number of switches to a new electricity provider2,017 ten thousand items
    Year on year against the same period last year+100.0%
  • Number of extra-high-voltage and high-voltage customers483 Engagements
  • Exchange open interest15.2 10,000 passes
    Year on year against the same period last year-6.0%
  • Average daily trading volume7.1 10,000 passes
    Year on year against the same period last year-3.0%
  • EBITDA¥2,932 million
    Year on year against the same period last year+2,683.0%
Segment results
  • Renewable Energy-Related Business
    Sales928
    Profit-46
    Year on year against the same period last year
    Profit -182
  • Power trading-related business
    Sales18,865
    Profit2,846
    Year on year against the same period last year
    Sales 5,812 / Profit 2,947
  • Retail business (electricity and gas)
    Sales5,598
    Profit72
    Year on year against the same period last year
    Sales -1,263 / Profit -85
  • Dealing business
    Sales133
    Profit-171
    Year on year against the same period last year
    Sales 44 / Profit 59
  • Asset management
    Profit0
    Year on year against the same period last year
    Profit -36
Medium-term management plan targets
Plan nameMedium-Term Vision 2028 “Shift Up”
Target fiscal yearFiscal year ending March 2028
Consolidated operating revenue¥35.0 billion
Profit before income taxes¥800 million
ROEAt least 9.0%
Financial targets
ROE
TargetAt least 9.0%
Actual results25.8
Adjusted actual results2.5％
Equity ratio
Actual results35.4 ％
Net debt-to-equity ratio
Actual results-0
Annual Dividend
Annual dividend per share¥8
End of period¥8
Payout ratio
Policy30% or more
Actual results5.3 ％
Effective increase83 ％
Contents of this document
ItemDetails
Document typePresentation materials for financial results
Fiscal Period CoveredFiscal year ending March 2026
Net Sales¥25,258 million (YoY +22.2%)
Operating profit¥2,635 million
Ordinary income¥2,534 million
Net income¥1,956 million (net income attributable to owners of the parent)
Results for the three months of the current quarterRenewable Energy-Related Business Operating revenue ¥306 million / Segment Profit or Loss ¥-17 million / Power trading-related business Operating revenue ¥7,585 million / Segment Profit or Loss ¥2,969 million / Retail Business Operating revenue ¥1,449 million / Segment Profit or Loss ¥19 million / Dealing business Operating revenue ¥318 million / Segment Profit or Loss ¥235 million
Segment resultsSegment Renewable Energy-Related Business / Sales ¥928 million / Profit ¥-46 million / Year on year against the same period last year Profit -182, Segment Power trading-related business / Sales ¥18,865 million / Profit ¥2,846 million / Year on year against the same period last year Sales 5,812 / Profit 2,947, Segment Retail business (electricity and gas) / Sales ¥5,598 million / Profit ¥72 million / Year on year against the same period last year Sales -1,263 / Profit -85, Segment Dealing business / Sales ¥133 million / Profit ¥-171 million / Year on year against the same period last year Sales 44 / Profit 59, Segment Asset management / Sales Not disclosed / Profit ¥0 million / Year on year against the same period last year Profit -36
Breakdown of Factors Affecting the ChangeFactors Higher revenue from the power trading-related business / Amount ¥5,815 million, Factors Higher revenue from the renewable energy-related business / Amount ¥183 million, Factors Lower revenue from the retail business / Amount ¥-1,263 million, Factors Higher revenue from the dealing business / Amount ¥44 million, Factors Higher power procurement costs / Amount ¥-1,670 million, Factors Impact of gains and losses on power futures transactions for hedging purposes / Amount ¥2,473 million, Factors Gain on sale of investment securities in the previous year / Amount ¥-151 million, Factors Penalty income / Amount ¥14 million, Factors Gain on sale of investment securities / Amount ¥146 million, Factors Provision for allowance for doubtful accounts / Amount ¥-38 million
Key KPIsIndicator name Net number of switches to a new electricity provider / Value 2,017 ten thousand items / Year on year against the same period last year 100 ten thousand items, Indicator name Number of extra-high-voltage and high-voltage customers / Value 483 Engagements / Year on year against the same period last year Not disclosed, Indicator name Exchange open interest / Value 15.2 10,000 passes / Year on year against the same period last year -6 10,000 passes, Indicator name Average daily trading volume / Value 7.1 10,000 passes / Year on year against the same period last year -3 10,000 passes, Indicator name EBITDA / Value ¥2,932 million / Year on year against the same period last year ¥2,683 million
Medium-term management plan targetsPlan name Medium-Term Vision 2028 “Shift Up” / Target fiscal year Fiscal year ending March 2028 / Consolidated operating revenue ¥35.0 billion / Profit before income taxes ¥800 million / ROE At least 9.0%
Financial targetsROE Target At least 9.0% / Actual results 25.8 / Adjusted actual results 2.5％ / Equity ratio Actual results 35.4 ％ / Net debt-to-equity ratio Actual results -0
Annual DividendAnnual dividend per share ¥8 / Interim Not disclosed / End of period ¥8
Payout ratioPolicy 30% or more / Actual results 5.3 ％ / Effective increase 83 ％
New initiativesFormulation of Medium-Term Vision 2028 “Shift Up”, Capital and business alliance with HULIC Property Solutions Co., Ltd., Commencement of operations and management of the Shinkawa grid-scale battery storage power plant, ¥860 million capital increase in アストマックスえびの地熱株式会社 by Takenaka Corporation, Policy to discontinue the dealing business by the end of the fiscal year ending March 2027, Launch of a service supplying electricity to vacant units for property leasing and management companies
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesFull-year earnings forecastProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&A

These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.

The reasons the company gives

The company's own explanation, not something inferred from the numbers.

Increased orders in the power trading-related business and sharp rises in crude oil, natural gas and power futures prices amid heightened tensions in Iran generated substantial gains on the business's hedging positions. Underlying earnings improvement was constrained by the downsizing of the dealing business, price fluctuations in products subject to arbitrage trading, customer losses and price competition in the retail business, and delays in the progress of the grid-scale battery storage business.

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Financial Results Briefing Materials for the Fiscal Year Ending March 2026 [14th Fiscal Year] | ASTMAX Co.,Ltd. (7162) timely disclosure | Komori