Worth reading
52Recurring
0–100. This measures how worthwhile something is to read, not how good or bad the company is.Direction
Mixed performance
Direction inferred from the company’s description.Scale
-4468
¥100 million (year-on-year change in interim net income attributable to owners of the parent)Wording
Conditional
How definitive the wording is.Contents of this document
Results presentationFY2026 second quarter8 items taken from the company’s own explanation
Financial Results Figures (The key points of this material are explained below)
Net Sales¥19,452 100 million+11.3%
Operating profit¥-780 100 million
Ordinary income¥410 100 million-79.1%
Net income¥-2,804 100 million
Full-year earnings forecast
Net Sales
¥42,000 100 million
Ordinary profit or loss
¥1,100 100 million
Net income or loss attributable to owners of the parent
¥-2,150 100 million
What the company explained in this material
Breakdown of Factors Affecting the ChangeReasons cited by the Company for the change in the figures.
Consolidated revenue
Decrease in electricity sales volume-1,209
Increase in electricity sales to other companies due to higher selling prices1,809
Increase in other items, including fuel cost adjustments1,373
Consolidated ordinary income (loss)
Timing difference gains and losses-870
ミライズ (excluding timing differences)-1,545
Power Grid-376
JERA (excluding timing differences)981
Other257
Assumptions Underlying the Business OutlookThe assumptions used by the company in preparing its forecast.
中部電力ミライズ electricity sales volume
990 100 million kWh
Total group electricity sales volume
1,097 100 million kWh
CIF crude oil price
$105 /b
Exchange rate
¥157 /$
Key KPIsA metric the company considers important as a management benchmark.
- Group-wide electricity sales volume545 100 million kWhYear on year against the same period last year-9.9%
- Electricity sales volume to other companies151 100 million kWhYear on year against the same period last year+48.5%
- Total power generation59 100 million kWhYear on year against the same period last year-1.7%
- Equity ratio38.5 %
- Interest-bearing debt¥33,418 100 million
Segment results
ミライズ
Net Sales
¥15,206 100 million+4.5%
Ordinary profit or loss
¥-1,038 100 million
Power Grid
Net Sales
¥5,725 100 million+24.2%
Ordinary profit or loss
¥-107 100 million
JERA
Ordinary profit or loss
¥1,348 100 million+71.5%
Other
Net Sales
¥3,452 100 million+8.9%
Ordinary profit or loss
¥753 100 million-28.4%
Adjustments
Net Sales
¥-4,932 100 million
Ordinary profit or loss
¥-545 100 million
Financial targets
ROIC3.4% (excluding the impact of income taxes related to extraordinary losses)
ROAApproximately 3%
ROEApproximately −6%
Equity ratioApproximately 37%
Risk amount incorporated into the outlookThe amount representing the range of variation the company expects in its forecast.
Expected additional impairment loss related to the Hamaoka Nuclear Power Station
¥100 100 million
Total extraordinary losses for the full year
¥3,800 100 million
Annual Dividend
Interim dividend per share35
Year-end dividend per share¥35 (forecast)
Annual dividend per share¥70 (forecast)
Payout ratio
The company aims for a consolidated payout ratio of at least 30%. The payout ratio after adjustment for timing differences for FY2026 is shown as "—".| Item | Details |
|---|---|
| Document type | Results presentation |
| Fiscal Period Covered | FY2026 second quarter |
| Net Sales | ¥19,452 100 million (YoY +11.3%) |
| Operating profit | ¥-780 100 million |
| Ordinary income | ¥410 100 million (YoY -79.1%) |
| Net income | ¥-2,804 100 million |
| Full-year earnings forecast | Net Sales ¥42,000 100 million / Ordinary profit or loss ¥1,100 100 million / Net income or loss attributable to owners of the parent ¥-2,150 100 million |
| Segment results | ミライズ Net Sales ¥15,206 100 million (YoY +4.5%) / Ordinary profit or loss ¥-1,038 100 million / Power Grid Net Sales ¥5,725 100 million (YoY +24.2%) / Ordinary profit or loss ¥-107 100 million / JERA Net Sales Not disclosed / Ordinary profit or loss ¥1,348 100 million (YoY +71.5%) / Other Net Sales ¥3,452 100 million (YoY +8.9%) / Ordinary profit or loss ¥753 100 million (YoY -28.4%) / Adjustments Net Sales ¥-4,932 100 million / Ordinary profit or loss ¥-545 100 million |
| Breakdown of Factors Affecting the Change | Consolidated revenue Decrease in electricity sales volume -1,209 / Increase in electricity sales to other companies due to higher selling prices 1,809 / Increase in other items, including fuel cost adjustments 1,373 / Consolidated ordinary income (loss) Timing difference gains and losses -870 / ミライズ (excluding timing differences) -1,545 / Power Grid -376 / JERA (excluding timing differences) 981 / Other 257 |
| Key KPIs | Indicator name Group-wide electricity sales volume / Value 545 100 million kWh / Year on year against the same period last year -9.9 100 million kWh, Indicator name Electricity sales volume to other companies / Value 151 100 million kWh / Year on year against the same period last year 48.5 100 million kWh, Indicator name Total power generation / Value 59 100 million kWh / Year on year against the same period last year -1.7 100 million kWh, Indicator name Equity ratio / Value 38.5 % / Year on year against the same period last year Not disclosed, Indicator name Interest-bearing debt / Value ¥33,418 100 million / Year on year against the same period last year Not disclosed |
| Assumptions Underlying the Business Outlook | 中部電力ミライズ electricity sales volume 990 100 million kWh / Total group electricity sales volume 1,097 100 million kWh / CIF crude oil price $105 /b / Exchange rate ¥157 /$ |
| Risk amount incorporated into the outlook | Expected additional impairment loss related to the Hamaoka Nuclear Power Station ¥100 100 million / Total extraordinary losses for the full year ¥3,800 100 million |
| Financial targets | ROIC 3.4% (excluding the impact of income taxes related to extraordinary losses) / ROA Approximately 3% / ROE Approximately −6% / Equity ratio Approximately 37% |
| Annual Dividend | Interim dividend per share 35 / Year-end dividend per share ¥35 (forecast) / Annual dividend per share ¥70 (forecast) |
| Payout ratio | The company aims for a consolidated payout ratio of at least 30%. The payout ratio after adjustment for timing differences for FY2026 is shown as "—". |
Items this document does not state (16)
Gross Profit MarginOperating profit marginSelling, general and administrative expensesResults for the three months of the current quarterProgress against full-year forecastSelf-assessment against the planUnit price and quantity metricsNumber of stores and locationsNumber of employeesMedium-term management plan targetsAcquisition 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 despite lower electricity sales volumes, due mainly to higher electricity sales prices to other companies and other factors. Ordinary income declined due to higher power procurement costs at Miraiz, a shift in timing-shift profit and loss from a gain to a loss, lower transmission service revenue and higher costs at Power Grid, and lower electricity sales volumes at Miraiz. Net income declined because, in addition to these factors, the company recorded an impairment loss and a nuclear fuel valuation loss related to the Hamaoka Nuclear Power Plant.
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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