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Revision of earnings forecasts9501Tokyo Electric Power Company Holdings,IncorporatedElectricity and gas

Notice Regarding the Recognition of Extraordinary Gains or Losses and the Difference Between the Full-Year Consolidated Earnings Forecast and Actual Results

For the fiscal year ending March 2026, actual revenue was below forecast, while operating income/loss and ordinary income/loss exceeded forecast, and the net loss attributable to owners of the parent was smaller than forecast. The Company also recognized disaster-related extraordinary losses of ¥913.8 billion associated with the accident at Fukushima Daiichi Nuclear Power Station, among other items.

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Revised forecast

Fiscal year ending March 2026 · Full yearPrevious forecast published 26 January 2026
Net Sales6,462,000→6,328,574million
-2.1%
Operating profit228,000→337,689million
+48.1%
Ordinary income277,000→417,326million
+50.7%
Profit attributable to owners of the parent-641,000→-454,263million
+29.1%
Net income per share-400.11→-283.51yen and sen
+29.1%

The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.

Reason for the revision

Revenue was below the previous forecast due to factors including a decrease in the volume of electricity sold wholesale. Operating income/loss and ordinary income/loss exceeded the previous forecast due to factors including a favorable change in the timing difference impact under the fuel cost adjustment system and ongoing efforts to improve earnings and expenditures through rationalization to reduce costs. Net income/loss attributable to owners of the parent exceeded the previous forecast due to the impact of ordinary income/loss and the recognition of extraordinary gains and losses, among other factors.

Details and amount of extraordinary loss

Disaster-related extraordinary loss ¥913.8 billion, nuclear damage compensation expenses ¥82.7 billion, total ¥996.6 billion

Previous-period resultsFiscal year ended March 2025: revenue ¥6,810,391 million, operating income/loss ¥234,452 million, ordinary income/loss ¥254,443 million, net income/loss attributable to owners of the parent ¥161,278 million, and net income/loss per share ¥100.67
Consolidated / non-consolidatedConsolidated
Revised forecast
ItemDetails
Net Sales¥6,462,000 million → ¥6,328,574 million(-2.1%)
Operating profit¥228,000 million → ¥337,689 million(+48.1%)
Ordinary income¥277,000 million → ¥417,326 million(+50.7%)
Profit attributable to owners of the parent¥-641,000 million → ¥-454,263 million
Net income per share-400.11 yen and sen → -283.51 yen and sen
Fiscal Period CoveredFiscal year ending March 2026
Period CoveredFull year
Publication date of previous forecast26 January 2026
Previous-period resultsFiscal year ended March 2025: revenue ¥6,810,391 million, operating income/loss ¥234,452 million, ordinary income/loss ¥254,443 million, net income/loss attributable to owners of the parent ¥161,278 million, and net income/loss per share ¥100.67
Reason for the revisionRevenue was below the previous forecast due to factors including a decrease in the volume of electricity sold wholesale. Operating income/loss and ordinary income/loss exceeded the previous forecast due to factors including a favorable change in the timing difference impact under the fuel cost adjustment system and ongoing efforts to improve earnings and expenditures through rationalization to reduce costs. Net income/loss attributable to owners of the parent exceeded the previous forecast due to the impact of ordinary income/loss and the recognition of extraordinary gains and losses, among other factors.
Details and amount of extraordinary lossDisaster-related extraordinary loss ¥913.8 billion, nuclear damage compensation expenses ¥82.7 billion, total ¥996.6 billion
Consolidated / non-consolidatedConsolidated
Items this document does not state (1)
Dividend forecast revision

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.

Revenue was below forecast due to factors including a decrease in the volume of electricity sold wholesale. Operating income/loss and ordinary income/loss exceeded forecast due to factors including a favorable change in the timing difference impact under the fuel cost adjustment system and ongoing efforts to improve earnings and expenditures through rationalization to reduce costs. Net income/loss for the period was affected by ordinary income/loss and the recognition of extraordinary gains and losses, among other factors.

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Notice Regarding the Recognition of Extraordinary Gains or Losses and the Difference Between the Full-Year Consolidated Earnings Forecast and Actual Results | Tokyo Electric Power Company Holdings,Incorporated (9501) timely disclosure | Komori