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Briefing materials for use at the financial results briefing, centered on graphs and bullet pointsFirst quarter of fiscal 20266 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥14,811 100 million+3.9%
Operating profit¥-342 100 million
Ordinary income¥114 100 million-88.7%
Net income¥-97 100 million
Results for the three months of the current quarter
Net Sales
¥14,811 100 million
Operating profit (loss)
¥-342 100 million
Ordinary profit or loss
¥114 100 million
Quarterly profit attributable to owners of the parent
¥-97 100 million
Full-year earnings forecastTo be determined
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Ordinary profit or loss
Deterioration due to timing differences-240
FP (excluding timing differences)412
PG-537
EP (excluding timing differences)-815
RP45
Adjustments-1,162
EP ordinary income (loss)
Volume impact-71
Price impact-645
Other-99
PG ordinary income (loss)
Decrease in wheeling revenue-29
Increase in costs related to supply-demand balancing, among other factors-423
Other-83
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
Exchange rate
159.6 Yen/Dollar
Crude oil price (all-Japan CIF)
112.7 dollars/barrel
Nuclear capacity factor
17.1 %
New initiatives
- Business alliance with Daiwa House Industry for the joint development of grid-scale battery storage facilities
- Execution of a confirmation agreement concerning funding of approximately ¥100 billion in total for Niigata Prefecture
- Provision of ¥10 billion in initial funding to Niigata Prefecture in FY2026
Key KPIsA metric the company considers important as a management benchmark.
- Total electricity sales volume441 100 million kWhYear on year against the same period last year-8.3%
- Retail electricity sales volume344 100 million kWhYear on year against the same period last year-11.0%
- Wholesale electricity sales volume98 100 million kWhYear on year against the same period last year+2.4%
- Area demand578 100 million kWhYear on year against the same period last year-1.9%
- Gas sales volume47 10,000 tonnesYear on year against the same period last year-2.1%
- Nuclear capacity factor17.1 %
- ROA-0.2 %Year on year against the same period last year-0.6%
- ROE-0.3 %Year on year against the same period last year+25.7%
- EPS-6.11 yenYear on year against the same period last year+529.3%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
Retail electricity sales volume
Number of versions
344 100 million kWh
Year on year against the same period last year-11.0%
Factors affecting EP ordinary income (loss)
Volume impact¥-71 100 million
Price impact¥-645 100 million
Segment results
HD
Net Sales
¥2,208 100 million+33.2%
Ordinary profit or loss
¥3,027 100 million+85.7%
FP
Net Sales
¥7 100 million-14.3%
Ordinary profit or loss
¥566 100 million+43.7%
PG
Net Sales
¥5,928 100 million+14.5%
Ordinary profit or loss
¥-312 100 million
EP
Net Sales
¥10,870 100 million-5.4%
Ordinary profit or loss
¥-509 100 million
RP
Net Sales
¥717 100 million+22.8%
Ordinary profit or loss
¥281 100 million+19.5%
| Item | Details |
|---|---|
| Document type | Briefing materials for use at the financial results briefing, centered on graphs and bullet points |
| Fiscal Period Covered | First quarter of fiscal 2026 |
| Net Sales | ¥14,811 100 million (YoY +3.9%) |
| Operating profit | ¥-342 100 million |
| Ordinary income | ¥114 100 million (YoY -88.7%) |
| Net income | ¥-97 100 million |
| Results for the three months of the current quarter | Net Sales ¥14,811 100 million / Operating profit (loss) ¥-342 100 million / Ordinary profit or loss ¥114 100 million / Quarterly profit attributable to owners of the parent ¥-97 100 million |
| Full-year earnings forecast | To be determined |
| Segment results | HD Net Sales ¥2,208 100 million (YoY +33.2%) / Ordinary profit or loss ¥3,027 100 million (YoY +85.7%) / FP Net Sales ¥7 100 million (YoY -14.3%) / Ordinary profit or loss ¥566 100 million (YoY +43.7%) / PG Net Sales ¥5,928 100 million (YoY +14.5%) / Ordinary profit or loss ¥-312 100 million / EP Net Sales ¥10,870 100 million (YoY -5.4%) / Ordinary profit or loss ¥-509 100 million / RP Net Sales ¥717 100 million (YoY +22.8%) / Ordinary profit or loss ¥281 100 million (YoY +19.5%) |
| Breakdown of Factors Affecting the Change | Ordinary profit or loss Deterioration due to timing differences -240 / FP (excluding timing differences) 412 / PG -537 / EP (excluding timing differences) -815 / RP 45 / Adjustments -1,162 / EP ordinary income (loss) Volume impact -71 / Price impact -645 / Other -99 / PG ordinary income (loss) Decrease in wheeling revenue -29 / Increase in costs related to supply-demand balancing, among other factors -423 / Other -83 |
| Key KPIs | Indicator name Total electricity sales volume / Value 441 100 million kWh / Year on year against the same period last year -8.3 100 million kWh, Indicator name Retail electricity sales volume / Value 344 100 million kWh / Year on year against the same period last year -11 100 million kWh, Indicator name Wholesale electricity sales volume / Value 98 100 million kWh / Year on year against the same period last year 2.4 100 million kWh, Indicator name Area demand / Value 578 100 million kWh / Year on year against the same period last year -1.9 100 million kWh, Indicator name Gas sales volume / Value 47 10,000 tonnes / Year on year against the same period last year -2.1 10,000 tonnes, Indicator name Nuclear capacity factor / Value 17.1 % / Year on year against the same period last year Not disclosed, Indicator name ROA / Value -0.2 % / Year on year against the same period last year -0.6 %, Indicator name ROE / Value -0.3 % / Year on year against the same period last year 25.7 %, Indicator name EPS / Value -6.11 yen / Year on year against the same period last year 529.25 yen |
| Unit price and quantity metrics | Retail electricity sales volume Number of versions 344 100 million kWh / Year on year against the same period last year -11 / Factors affecting EP ordinary income (loss) Volume impact ¥-71 100 million / Price impact ¥-645 100 million |
| Assumptions Underlying the Business Outlook | Exchange rate 159.6 Yen/Dollar / Crude oil price (all-Japan CIF) 112.7 dollars/barrel / Nuclear capacity factor 17.1 % |
| New initiatives | Business alliance with Daiwa House Industry for the joint development of grid-scale battery storage facilities, Execution of a confirmation agreement concerning funding of approximately ¥100 billion in total for Niigata Prefecture, Provision of ¥10 billion in initial funding to Niigata Prefecture in FY2026 |
Items this document does not state (17)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout 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.Revenue increased because, although electricity sales volume declined, revenue from supply-demand balancing increased due to surging fuel and wholesale electricity market prices. Ordinary income (loss) declined due to higher electricity procurement costs resulting from the surge in fuel and wholesale electricity market prices, while quarterly net income (loss) improved due to the absence of the extraordinary loss related to disasters recorded in the same period of the previous year.
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