Worth reading
66In focus
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
—
Displayed only when the document provides numerical figures.Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025 to 31 March 2026ConsolidatedJapanese GAAPNet Sales4,056,638¥ millionYear on year -6.5%Progress 90.1%
Operating profit437,556¥ millionYear on year -6.7%Progress 175.0%
Ordinary income518,530¥ millionYear on year -2.5%Progress 178.8%
Net income attributable to owners of the parent380,051¥ millionYear on year -9.6%
The width of the band at each stage is based on revenue. The narrower it becomes toward the bottom, the smaller the proportion of revenue that remains as profit. The dotted outline is the full-year forecast and the band inside it is the result for this period. The progress rate is the result divided by the forecast.
Net income per share¥341.14
Operating Margin10.8%
Financial position at period-end
Total assets9,854,646¥ million
of which net assets 3,502,744 ¥ millionEquity ratio 35.1%vs. prior year-end +3.3pt
塗りつぶした部分が自己資本比率です。総資産のうち、返済のいらない自前の資金がどれだけかを表します。The thin vertical line indicates the level at the end of the previous fiscal year.
Cash inflows and outflows
Operating+652,381
Investment-571,921
Financials-290,219
Net change-209,759
Stacked from zero: upward is an increase in cash, downward a decrease (in ¥ million).The net change represented by the dotted line is the total of three items, calculated from figures provided by the company.
Cash and cash equivalents at end of period¥741,286 million
Segment revenueEnergy Business ¥3,261,386 million (YoY -7.9%), Transmission and Distribution Business ¥386,221 million (YoY -0.7%), Information and Communications Business ¥222,196 million (YoY -0.6%), Lifestyle and Business Solutions ¥186,833 million (YoY +1.7%)
Segment profitEnergy Business ¥377,368 million (YoY -8.3%), Transmission and Distribution Business ¥63,073 million (YoY +13.0%), Information and Communications Business ¥47,094 million (YoY +0.3%), Lifestyle and Business Solutions ¥39,039 million (YoY +49.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥4,500,000 million (YoY +10.9%)
Operating profit¥250,000 million (YoY -42.9%)
Ordinary income¥290,000 million (YoY -44.1%)
Profit attributable to owners of the parent¥310,000 million (YoY -18.4%)
Annual Dividend Forecast¥75 → ¥80
Payout ratioActual results for the current fiscal year 22 % / Next-year forecast 28.7 %
Shareholder Return PolicyThe company aims to maintain or increase dividends, using a consolidated payout ratio of 25–35% as a guideline.
Factors Behind Changes in Business Performance
For the fiscal year, net sales declined due to lower revenue from electricity sales, while operating expenses also decreased due to lower electricity purchased from other companies and lower thermal fuel costs. For the next fiscal year, the company expects a lower nuclear capacity factor, higher fuel market prices, increased various expenses and repair costs due to inflation, and lower area demand.
Disclosure regarding the going concern assumption
No applicable matters
Change in accounting policy
基準改正に伴う変更 Noそれ以外の変更 No見積りの変更 No修正再表示 No
Changes in the scope of consolidationNew Number of companies 0 / Company name No / Excluded Number of companies 1 / Company name ケーイーフューエルインターナショナル株式会社
Material subsequent eventsThe company resolved to tender its shares of KINDEN CORPORATION in the tender offer for treasury shares. If the planned sale of 33,500,000 shares is completed, the company expects to record a gain of approximately ¥105 billion on the sale of shares of an affiliated company in the next consolidated fiscal year.
Impairment loss¥36,453 million
Breakdown of extraordinary income (loss)No applicable items for the fiscal year (extraordinary income was “–” and no extraordinary loss was reported)
Depreciation and amortization¥338,340 million
Availability of Financial Results BriefingYes (for institutional investors)
Issued Shares at Period-End1,114,927,528
Treasury Shares at Period-End870,808
Supplementary financial results materialsYes
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025 to 31 March 2026 |
| Net Sales | ¥4,056,638 million (YoY -6.5%) |
| Operating profit | ¥437,556 million (YoY -6.7%) |
| Ordinary income | ¥518,530 million (YoY -2.5%) |
| Profit attributable to owners of the parent | ¥380,051 million (YoY -9.6%) |
| Net income per share | ¥341.14 |
| Operating Margin | 10.8% |
| Equity ratio | End of the current fiscal period 35.1% / End of previous period 31.8% |
| Total assets | ¥9,854,646 million |
| Net assets | ¥3,502,744 million |
| Cash flows from operating activities | ¥652,381 million |
| Cash flows from investing activities | ¥-571,921 million |
| Cash flows from financing activities | ¥-290,219 million |
| Cash and cash equivalents at end of period | ¥741,286 million |
| Full-year earnings forecast | Net Sales ¥4,500,000 million (YoY +10.9%) / Operating profit ¥250,000 million (YoY -42.9%) / Ordinary income ¥290,000 million (YoY -44.1%) / Profit attributable to owners of the parent ¥310,000 million (YoY -18.4%) |
| Annual Dividend Forecast | ¥75 → ¥80 |
| Payout ratio | Actual results for the current fiscal year 22 % / Next-year forecast 28.7 % |
| Shareholder Return Policy | The company aims to maintain or increase dividends, using a consolidated payout ratio of 25–35% as a guideline. |
| Segment revenue | Energy Business ¥3,261,386 million (YoY -7.9%), Transmission and Distribution Business ¥386,221 million (YoY -0.7%), Information and Communications Business ¥222,196 million (YoY -0.6%), Lifestyle and Business Solutions ¥186,833 million (YoY +1.7%) |
| Segment profit | Energy Business ¥377,368 million (YoY -8.3%), Transmission and Distribution Business ¥63,073 million (YoY +13.0%), Information and Communications Business ¥47,094 million (YoY +0.3%), Lifestyle and Business Solutions ¥39,039 million (YoY +49.0%) |
| Depreciation and amortization | ¥338,340 million |
| Impairment loss | ¥36,453 million |
| Breakdown of extraordinary income (loss) | No applicable items for the fiscal year (extraordinary income was “–” and no extraordinary loss was reported) |
| Disclosure regarding the going concern assumption | No applicable matters |
| Change in accounting policy | Changes due to revisions to standards No / Other changes No / Change in accounting estimate No / Restatement No |
| Changes in the scope of consolidation | New Number of companies 0 / Company name No / Excluded Number of companies 1 / Company name ケーイーフューエルインターナショナル株式会社 |
| Material subsequent events | The company resolved to tender its shares of KINDEN CORPORATION in the tender offer for treasury shares. If the planned sale of 33,500,000 shares is completed, the company expects to record a gain of approximately ¥105 billion on the sale of shares of an affiliated company in the next consolidated fiscal year. |
| Supplementary financial results materials | Yes |
| Availability of Financial Results Briefing | Yes (for institutional investors) |
| Issued Shares at Period-End | 1,114,927,528 |
| Treasury Shares at Period-End | 870,808 |
| Factors Behind Changes in Business Performance | For the fiscal year, net sales declined due to lower revenue from electricity sales, while operating expenses also decreased due to lower electricity purchased from other companies and lower thermal fuel costs. For the next fiscal year, the company expects a lower nuclear capacity factor, higher fuel market prices, increased various expenses and repair costs due to inflation, and lower area demand. |
Items this document does not state (3)
Revision to Earnings ForecastRegional salesOrders received and order backlog
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.During the fiscal year, net sales declined mainly due to lower revenue from electricity sales, while operating expenses also decreased due to lower electricity purchased from other companies and lower thermal fuel costs. For the next fiscal year, the company expects a lower nuclear capacity factor, higher fuel market prices, increased various expenses and repair costs due to inflation, and higher various expenses due to lower area demand and increased construction volumes.
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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