Komori
Earnings presentation9502Chubu Electric Power Company,IncorporatedElectricity and gas

Earnings Presentation Materials for the First Quarter of Fiscal 2026

In the first quarter of FY2026, revenue increased by ¥25.5 billion year on year, while ordinary income decreased by ¥77.6 billion and net income attributable to owners of the parent decreased by ¥50.1 billion. The full-year forecasts are revenue of ¥3.9 trillion and ordinary income of ¥185.0 billion.

Worth reading
63In focus
Scored from 4 of 6 sections
Direction
Mixed performance
Direction inferred from the company’s description.
Scale
776
¥100 million (year-on-year decrease in ordinary income/loss)
Wording
Conditional
How definitive the wording is.

Contents of this document

Earnings presentationFY2026 First Quarter5 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥8,258 100 million+3.2%
Operating profit¥-250 100 million
Ordinary income¥271 100 million-74.1%
Net income¥352 100 million-58.7%
Results for the three months of the current quarter
Net Sales¥825.8 billion
Operating profit (loss)-¥25.0 billion
Ordinary profit or loss¥27.1 billion
Quarterly profit attributable to owners of the parent¥35.2 billion
Full-year earnings forecast
Net Sales
¥39,000 100 million
Ordinary profit or loss
¥1,850 100 million
Net income or loss attributable to owners of the parent
¥1,600 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Net Sales
Increase in electricity sales to other companies due to higher selling prices630
Decrease in fuel cost adjustment charges and other items-277
Other-375
Ordinary profit or loss
Timing difference gains and losses-380
ミライズ (excluding timing differences)-621
パワーグリッド (excluding timing differences)-162
JERA (excluding timing differences)395
Other-8
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
CIF crude oil price
$90 /b
Exchange rate
¥159 /$
中部電力ミライズ electricity sales volume
987 100 million kWh
Total group electricity sales volume
1,098 100 million kWh
Key KPIsA metric the company considers important as a management benchmark.
  • Power generation volume: Hydropower30 100 million kWh
    Year on year against the same period last year-2.1%
  • Power generation volume: New energy1 100 million kWh
    Year on year against the same period last year-9.6%
  • Water flow ratio102.3 %
    Year on year against the same period last year-1.5%
  • Area electricity demand: Total275 100 million kWh
    Year on year against the same period last year-1.1%
  • CIF crude oil price$112.8 /b
  • Exchange rate¥159.5 /$
Segment results
ミライズ
Net Sales
¥6,509 100 million-2.9%
Ordinary profit or loss
¥-246 100 million
Power Grid
Net Sales
¥2,527 100 million+24.6%
Ordinary profit or loss
¥-122 100 million
JERA
Ordinary profit or loss
¥579 100 million+36.7%
Other
Net Sales
¥1,510 100 million-3.3%
Ordinary profit or loss
¥592 100 million-49.4%
Financial targets
ROIC
Forecast3.1%
Actual results4.4%
ROA
ForecastApproximately 3%
Actual results4.3%
ROE
ForecastApproximately 5%
Actual results7.5%
Equity ratio
ForecastApproximately 41%
Actual results41.0%
Contents of this document
ItemDetails
Document typeEarnings presentation
Fiscal Period CoveredFY2026 First Quarter
Net Sales¥8,258 100 million (YoY +3.2%)
Operating profit¥-250 100 million
Ordinary income¥271 100 million (YoY -74.1%)
Net income¥352 100 million (YoY -58.7%)
Results for the three months of the current quarterNet Sales ¥825.8 billion / Operating profit (loss) -¥25.0 billion / Ordinary profit or loss ¥27.1 billion / Quarterly profit attributable to owners of the parent ¥35.2 billion
Full-year earnings forecastNet Sales ¥39,000 100 million / Ordinary profit or loss ¥1,850 100 million / Net income or loss attributable to owners of the parent ¥1,600 100 million
Segment resultsミライズ Net Sales ¥6,509 100 million (YoY -2.9%) / Ordinary profit or loss ¥-246 100 million / Power Grid Net Sales ¥2,527 100 million (YoY +24.6%) / Ordinary profit or loss ¥-122 100 million / JERA Net Sales Not disclosed / Ordinary profit or loss ¥579 100 million (YoY +36.7%) / Other Net Sales ¥1,510 100 million (YoY -3.3%) / Ordinary profit or loss ¥592 100 million (YoY -49.4%)
Breakdown of Factors Affecting the ChangeNet Sales Increase in electricity sales to other companies due to higher selling prices 630 / Decrease in fuel cost adjustment charges and other items -277 / Other -375 / Ordinary profit or loss Timing difference gains and losses -380 / ミライズ (excluding timing differences) -621 / パワーグリッド (excluding timing differences) -162 / JERA (excluding timing differences) 395 / Other -8
Key KPIsIndicator name Power generation volume: Hydropower / Value 30 100 million kWh / Year on year against the same period last year -2.1 100 million kWh, Indicator name Power generation volume: New energy / Value 1 100 million kWh / Year on year against the same period last year -9.6 100 million kWh, Indicator name Water flow ratio / Value 102.3 % / Year on year against the same period last year -1.5 %, Indicator name Area electricity demand: Total / Value 275 100 million kWh / Year on year against the same period last year -1.1 100 million kWh, Indicator name CIF crude oil price / Value $112.8 /b / Year on year against the same period last year Not disclosed, Indicator name Exchange rate / Value ¥159.5 /$ / Year on year against the same period last year Not disclosed
Assumptions Underlying the Business OutlookCIF crude oil price $90 /b / Exchange rate ¥159 /$ / 中部電力ミライズ electricity sales volume 987 100 million kWh / Total group electricity sales volume 1,098 100 million kWh
Financial targetsROIC Forecast 3.1% / Actual results 4.4% / ROA Forecast Approximately 3% / Actual results 4.3% / ROE Forecast Approximately 5% / Actual results 7.5% / Equity ratio Forecast Approximately 41% / Actual results 41.0%
Items this document does not state (18)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesRisk amount incorporated into the outlookMedium-term management plan targetsAnnual DividendPayout ratioAcquisition of treasury sharesCapital expendituresOrders received and order backlogMarket Size / ShareKey points of the Q&ANew initiatives

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 mainly due to higher electricity sales to other companies resulting from higher selling prices, despite a decrease in fuel cost adjustment charges and other items. Ordinary income decreased due to higher power procurement costs at ミライズ, the timing-difference impact shifting from a gain to a loss, lower electricity sales volume at ミライズ, and higher equipment-related expenses and other expenses at パワーグリッド, despite improved earnings in JERA's domestic thermal power and gas businesses.

How to read this page

This is not the documentKomori reads the disclosure the company filed and writes this summary. Figures are as stated by the company and are not audited.
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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.
Earnings Presentation Materials for the First Quarter of Fiscal 2026 | Chubu Electric Power Company,Incorporated (9502) timely disclosure | Komori