Komori
Earnings presentation9501Tokyo Electric Power Company Holdings,IncorporatedElectricity and gas

Financial Results Presentation for Fiscal 2025

In FY2025, revenue declined due mainly to lower electricity sales volumes, while operating income (loss) and ordinary income (loss) improved, reflecting a favorable change in the timing difference under the fuel cost adjustment system. However, attributable net income (loss) swung from a profit to a loss due to the recognition of a special loss from disasters, and the FY2026 earnings forecast was not disclosed.

Worth reading
90Important
Scored from 3 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
6155
¥100 million (year-on-year deterioration in net income (loss) attributable to owners of the parent)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFY2025 financial results7 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥63,285 100 million-7.1%
Operating profit¥3,376 100 million+44.0%
Ordinary income¥4,173 100 million+64.0%
Net income¥-4,542 100 million
Results for the three months of the current quarter
HD ordinary income (loss)
¥1,629 100 million+7.5%
FP ordinary income (loss)
¥394 100 million+1.6%
PG ordinary income (loss)
¥224 100 million+91.5%
EP ordinary income (loss)
¥306 100 million+43.0%
RP ordinary income (loss)
¥235 100 million+16.9%
Full-year earnings forecastFY2026 not disclosed
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Favorable change in timing difference impact¥260 100 million
  • HD earnings increase¥1,796 100 million
  • FP earnings increase (excluding timing difference impact)¥406 100 million
  • PG earnings increase¥267 100 million
  • EP earnings decline (excluding timing difference impact)¥-739 100 million
  • RP earnings decline¥-132 100 million
  • Adjustments¥-230 100 million
  • Special loss from disasters¥9,138 100 million
New initiatives
  • Resumption of commercial operations at Unit 6 of the Kashiwazaki-Kariwa Nuclear Power Station
  • Plan to discharge ALPS-treated water into the ocean 8 times during FY2026
  • Preparatory work for fuel removal from Unit 2 of the Fukushima Daiichi Nuclear Power Station
Key KPIsA metric the company considers important as a management benchmark.
  • Total electricity sales volume2,132 100 million kWh
    Year on year against the same period last year-6.7%
  • Retail electricity sales volume1,719 100 million kWh
    Year on year against the same period last year-8.1%
  • Wholesale electricity sales volume413 100 million kWh
    Year on year against the same period last year-0.3%
  • Area demand2,683 100 million kWh
    Year on year against the same period last year+0.3%
  • Gas sales volume253 10,000 tonnes
    Year on year against the same period last year-1.2%
  • Nuclear capacity factor1.1 %
  • ROA2.2 %
    Year on year against the same period last year+0.6%
  • ROE-12.7 %
    Year on year against the same period last year-17.1%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Retail electricity sales volume
1,719 100 million kWh-8.1%
EP volume impact
¥-402 100 million
EP price impact
¥-608 100 million
Segment results
HD
Net Sales
¥8,268 100 million+3.8%
Ordinary profit or loss
¥1,289 100 million
FP
Net Sales
¥37 100 million-2.1%
Ordinary profit or loss
¥833 100 million+44.4%
PG
Net Sales
¥22,943 100 million-2.2%
Ordinary profit or loss
¥817 100 million+48.8%
EP
Net Sales
¥49,896 100 million-10.3%
Ordinary profit or loss
¥2,549 100 million-11.4%
RP
Net Sales
¥1,892 100 million-10.8%
Ordinary profit or loss
¥403 100 million-24.6%
Financial targets
Actual ROA: 2.2%; actual ROE: -12.7%. Target: Not disclosed
Annual Dividend
No year-end dividend for FY2025. No interim or year-end dividend forecast for FY2026
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFY2025 financial results
Net Sales¥63,285 100 million (YoY -7.1%)
Operating profit¥3,376 100 million (YoY +44.0%)
Ordinary income¥4,173 100 million (YoY +64.0%)
Net income¥-4,542 100 million
Results for the three months of the current quarterHD ordinary income (loss) ¥1,629 100 million (YoY +7.5%) / FP ordinary income (loss) ¥394 100 million (YoY +1.6%) / PG ordinary income (loss) ¥224 100 million (YoY +91.5%) / EP ordinary income (loss) ¥306 100 million (YoY +43.0%) / RP ordinary income (loss) ¥235 100 million (YoY +16.9%)
Full-year earnings forecastFY2026 not disclosed
Segment resultsHD Net Sales ¥8,268 100 million (YoY +3.8%) / Ordinary profit or loss ¥1,289 100 million / FP Net Sales ¥37 100 million (YoY -2.1%) / Ordinary profit or loss ¥833 100 million (YoY +44.4%) / PG Net Sales ¥22,943 100 million (YoY -2.2%) / Ordinary profit or loss ¥817 100 million (YoY +48.8%) / EP Net Sales ¥49,896 100 million (YoY -10.3%) / Ordinary profit or loss ¥2,549 100 million (YoY -11.4%) / RP Net Sales ¥1,892 100 million (YoY -10.8%) / Ordinary profit or loss ¥403 100 million (YoY -24.6%)
Breakdown of Factors Affecting the ChangeFactors Favorable change in timing difference impact / Amount ¥260 100 million, Factors HD earnings increase / Amount ¥1,796 100 million, Factors FP earnings increase (excluding timing difference impact) / Amount ¥406 100 million, Factors PG earnings increase / Amount ¥267 100 million, Factors EP earnings decline (excluding timing difference impact) / Amount ¥-739 100 million, Factors RP earnings decline / Amount ¥-132 100 million, Factors Adjustments / Amount ¥-230 100 million, Factors Special loss from disasters / Amount ¥9,138 100 million
Key KPIsIndicator name Total electricity sales volume / Value 2,132 100 million kWh / Year on year against the same period last year -6.7 100 million kWh, Indicator name Retail electricity sales volume / Value 1,719 100 million kWh / Year on year against the same period last year -8.1 100 million kWh, Indicator name Wholesale electricity sales volume / Value 413 100 million kWh / Year on year against the same period last year -0.3 100 million kWh, Indicator name Area demand / Value 2,683 100 million kWh / Year on year against the same period last year 0.3 100 million kWh, Indicator name Gas sales volume / Value 253 10,000 tonnes / Year on year against the same period last year -1.2 10,000 tonnes, Indicator name Nuclear capacity factor / Value 1.1 % / Year on year against the same period last year Not disclosed, Indicator name ROA / Value 2.2 % / Year on year against the same period last year 0.6 %, Indicator name ROE / Value -12.7 % / Year on year against the same period last year -17.1 %
Unit price and quantity metricsRetail electricity sales volume 1,719 100 million kWh (YoY -8.1%) / EP volume impact ¥-402 100 million / EP price impact ¥-608 100 million
Financial targetsActual ROA: 2.2%; actual ROE: -12.7%. Target: Not disclosed
Annual DividendNo year-end dividend for FY2025. No interim or year-end dividend forecast for FY2026
New initiativesResumption of commercial operations at Unit 6 of the Kashiwazaki-Kariwa Nuclear Power Station, Plan to discharge ALPS-treated water into the ocean 8 times during FY2026, Preparatory work for fuel removal from Unit 2 of the Fukushima Daiichi Nuclear Power Station
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsPayout ratioAcquisition 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.

The decline in revenue was due mainly to lower electricity sales volumes. Ordinary income (loss) increased despite the decline in electricity sales volumes, owing to a favorable change in the timing difference under the fuel cost adjustment system and ongoing improvements in the income and expenditure balance. The decline in net income (loss) was due mainly to the recognition of a special loss from disasters.

How to read this page

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Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.
Financial Results Presentation for Fiscal 2025 | Tokyo Electric Power Company Holdings,Incorporated (9501) timely disclosure | Komori