Komori
Earnings presentation materials9501Tokyo Electric Power Company Holdings,IncorporatedElectricity and gas

FY2026 Second-Quarter Financial Results Briefing Materials

Although net sales increased during the interim period, operating income and ordinary income deteriorated due to higher electricity procurement costs resulting from surging fuel and wholesale electricity market prices, among other factors. Interim net income attributable to owners of the parent improved to a profit, reflecting the absence of the disaster-related special loss recorded in the previous fiscal year.

Worth reading
57In focus
Scored from 5 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
1915
¥100 million (decrease in ordinary income)
Wording
Avoiding a definitive answer
How definitive the wording is.

Contents of this document

Earnings presentation materialsFY2026 second quarter (interim period)6 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥32,713 hundred million+3.8%
Operating profit¥-336 hundred million
Ordinary income¥906 hundred million-67.9%
Net income¥527 hundred million
Results for the three months of the current quarter
HD ordinary income (loss)
¥3,027 hundred million
FP ordinary income (loss)
¥566 hundred million
PG ordinary income (loss)
¥-312 hundred million
EP ordinary income (loss)
¥-509 hundred million
RP ordinary income (loss)
¥281 hundred million
Full-year earnings forecastUndetermined
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
  • Deterioration due to timing differences¥-590 hundred million
  • HD¥1,557 hundred million
  • FP (excluding timing differences)¥1,021 hundred million
  • PG¥-1,185 hundred million
  • EP (excluding timing differences)¥-1,617 hundred million
  • RP¥149 hundred million
  • Adjustments¥-1,252 hundred million
New initiatives
  • Developed, jointly with ITOCHU Techno-Solutions Corporation and Stockmark, an application document drafting support system for nuclear facilities using generative AI and other technologies
  • Introduced a proof-of-concept environment for the system in October 2026 and is currently verifying its effectiveness
  • Aims to roll out the system to other departments of the holding company and to other electric power companies
  • Began internal PCV inspections and trial removal of fuel debris using a robotic arm at Unit 2
Key KPIsA metric the company considers important as a management benchmark.
  • Total electricity sales volume942 100 million kWh
    Year on year against the same period last year87.0%
  • Retail electricity sales volume744 100 million kWh
    Year on year against the same period last year85.3%
  • Wholesale electricity sales volume198 100 million kWh
    Year on year against the same period last year94.2%
  • Area demand1,271 100 million kWh
    Year on year against the same period last year93.7%
  • Gas sales volume112 10,000 tonnes
  • Nuclear capacity factor17 %
    Year on year against the same period last yearPrior year: —
  • ROA-0.2 %
    Year on year against the same period last year-1.7%
  • ROE1.5 %
    Year on year against the same period last year+22.6%
  • EPS32.9 Yen
    Year on year against the same period last year+477.6%
Unit price and quantity metricsThese figures show sales broken down by price and volume.
  • EP retail electricity sales volume: lighting243 100 million kWh
  • EP retail electricity sales volume: power499 100 million kWh
  • EP retail electricity sales volume: total742 100 million kWh
    Year on year against the same period last year85.3%
  • EP ordinary income: volume impact¥-277 hundred million
  • EP ordinary income: price impact¥-1,420 hundred million
Segment results
  • HD
    Net Sales¥4,256 hundred million
    Year-on-year sales127.0%
    Ordinary profit or loss¥2,980 hundred million
    Ordinary profit/loss YoY209.5%
  • FP
    Net Sales¥13 hundred million
    Year-on-year sales74.4%
    Ordinary profit or loss¥1,328 hundred million
    Ordinary profit/loss YoY182.7%
  • PG
    Net Sales¥12,726 hundred million
    Year-on-year sales110.8%
    Ordinary profit or loss¥-245 hundred million
  • EP
    Net Sales¥24,630 hundred million
    Year-on-year sales97.2%
    Ordinary profit or loss¥-708 hundred million
  • RP
    Net Sales¥1,556 hundred million
    Year-on-year sales137.0%
    Ordinary profit or loss¥583 hundred million
    Ordinary profit/loss YoY134.6%
Capital expenditures
¥4,481 100 million cash outflows for acquisition of fixed assets
Contents of this document
ItemDetails
Document typeEarnings presentation materials
Fiscal Period CoveredFY2026 second quarter (interim period)
Net Sales¥32,713 hundred million (YoY +3.8%)
Operating profit¥-336 hundred million
Ordinary income¥906 hundred million (YoY -67.9%)
Net income¥527 hundred million
Results for the three months of the current quarterHD ordinary income (loss) ¥3,027 hundred million / FP ordinary income (loss) ¥566 hundred million / PG ordinary income (loss) ¥-312 hundred million / EP ordinary income (loss) ¥-509 hundred million / RP ordinary income (loss) ¥281 hundred million
Full-year earnings forecastUndetermined
Segment resultsSegment HD / Net Sales ¥4,256 hundred million / Year-on-year sales 127.0% / Ordinary profit or loss ¥2,980 hundred million / Ordinary profit/loss YoY 209.5%, Segment FP / Net Sales ¥13 hundred million / Year-on-year sales 74.4% / Ordinary profit or loss ¥1,328 hundred million / Ordinary profit/loss YoY 182.7%, Segment PG / Net Sales ¥12,726 hundred million / Year-on-year sales 110.8% / Ordinary profit or loss ¥-245 hundred million / Ordinary profit/loss YoY Not disclosed, Segment EP / Net Sales ¥24,630 hundred million / Year-on-year sales 97.2% / Ordinary profit or loss ¥-708 hundred million / Ordinary profit/loss YoY Not disclosed, Segment RP / Net Sales ¥1,556 hundred million / Year-on-year sales 137.0% / Ordinary profit or loss ¥583 hundred million / Ordinary profit/loss YoY 134.6%
Breakdown of Factors Affecting the ChangeFactors Deterioration due to timing differences / Amount ¥-590 hundred million, Factors HD / Amount ¥1,557 hundred million, Factors FP (excluding timing differences) / Amount ¥1,021 hundred million, Factors PG / Amount ¥-1,185 hundred million, Factors EP (excluding timing differences) / Amount ¥-1,617 hundred million, Factors RP / Amount ¥149 hundred million, Factors Adjustments / Amount ¥-1,252 hundred million
Key KPIsIndicator name Total electricity sales volume / Value 942 100 million kWh / Year on year against the same period last year 87.0%, Indicator name Retail electricity sales volume / Value 744 100 million kWh / Year on year against the same period last year 85.3%, Indicator name Wholesale electricity sales volume / Value 198 100 million kWh / Year on year against the same period last year 94.2%, Indicator name Area demand / Value 1,271 100 million kWh / Year on year against the same period last year 93.7%, Indicator name Gas sales volume / Value 112 10,000 tonnes / Year on year against the same period last year Not disclosed, Indicator name Nuclear capacity factor / Value 17 % / Year on year against the same period last year Prior year: —, Indicator name ROA / Value -0.2 % / Year on year against the same period last year -1.7 %, Indicator name ROE / Value 1.5 % / Year on year against the same period last year 22.6 %, Indicator name EPS / Value 32.9 Yen / Year on year against the same period last year 477.57 Yen
Unit price and quantity metricsIndicator name EP retail electricity sales volume: lighting / Value 243 100 million kWh / Year on year against the same period last year Not disclosed, Indicator name EP retail electricity sales volume: power / Value 499 100 million kWh / Year on year against the same period last year Not disclosed, Indicator name EP retail electricity sales volume: total / Value 742 100 million kWh / Year on year against the same period last year 85.3%, Indicator name EP ordinary income: volume impact / Value ¥-277 hundred million, Indicator name EP ordinary income: price impact / Value ¥-1,420 hundred million
Capital expenditures¥4,481 100 million (cash outflows for acquisition of fixed assets)
New initiativesDeveloped, jointly with ITOCHU Techno-Solutions Corporation and Stockmark, an application document drafting support system for nuclear facilities using generative AI and other technologies, Introduced a proof-of-concept environment for the system in October 2026 and is currently verifying its effectiveness, Aims to roll out the system to other departments of the holding company and to other electric power companies, Began internal PCV inspections and trial removal of fuel debris using a robotic arm at Unit 2
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 employeesAssumptions Underlying the Business OutlookRisk amount incorporated into the outlookMedium-term management plan targetsFinancial targetsAnnual DividendPayout ratioAcquisition of treasury sharesOrders 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.

Net sales increased despite a decline in the EP segment's electricity retail sales volume, as sales related to supply-demand adjustments increased in the PG segment due to surging fuel and wholesale electricity market prices, among other factors. Ordinary income declined as electricity procurement costs increased in the EP and PG segments due to surging fuel and wholesale electricity market prices, among other factors. Interim net income increased, reflecting the reversal of the disaster-related special loss recorded in the previous fiscal year, among other factors.

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FY2026 Second-Quarter Financial Results Briefing Materials | Tokyo Electric Power Company Holdings,Incorporated (9501) timely disclosure | Komori