Revised forecast
Fiscal year ending March 2026 · Full yearPrevious forecast published 30 April 2025The bar length represents the relative magnitude of change, based on the item that changed the most in this document. The percentage change shown by the dotted line is calculated from the two reported figures because the company did not provide the rate.
Revenue was below forecast due to the fuel cost adjustment and a decrease in electricity sold at retail, among other factors. Operating profit, ordinary profit, and net income attributable to owners of the parent were below forecast due to the impact of fair value measurements of electricity forward transactions and other items, as well as the decrease in electricity sold at retail, despite improvements from efficiency initiatives and the time lag under the fuel cost adjustment system. The ¥56.5 billion fair value measurement impact will be reversed in the following fiscal year, fiscal 2026.
| Item | Details |
|---|---|
| Net Sales | ¥2,450,000 million → ¥2,372,420 million（-3.2%） |
| Operating profit | ¥220,000 million → ¥160,380 million（-27.1%） |
| Ordinary income | ¥190,000 million → ¥126,407 million（-33.5%） |
| Profit attributable to owners of the parent | ¥135,000 million → ¥84,975 million（-37.1%） |
| Net income per share | 269.91 yen and sen → 169.85 yen and sen |
| Fiscal Period Covered | Fiscal year ending March 2026 |
| Period Covered | Full year |
| Publication date of previous forecast | 30 April 2025 |
| Previous-period results | Fiscal year ended March 2025: revenue ¥2,644,912 million, operating profit ¥280,332 million, ordinary profit ¥256,725 million, net income attributable to owners of the parent ¥182,807 million, and earnings per share of ¥365.50 |
| Reason for the revision | Revenue was below forecast due to the fuel cost adjustment and a decrease in electricity sold at retail, among other factors. Operating profit, ordinary profit, and net income attributable to owners of the parent were below forecast due to the impact of fair value measurements of electricity forward transactions and other items, as well as the decrease in electricity sold at retail, despite improvements from efficiency initiatives and the time lag under the fuel cost adjustment system. The ¥56.5 billion fair value measurement impact will be reversed in the following fiscal year, fiscal 2026. |
| Consolidated / non-consolidated | Consolidated |
Items this document does not state (2)
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 was lower than expected due to the fuel cost adjustment and a decrease in electricity sold at retail. While efficiency initiatives and the time lag under the fuel cost adjustment system improved profitability, results were below forecast due to the impact of fair value measurements of electricity forward transactions and other items, as well as the decrease in electricity sold at retail. The ¥56.5 billion fair value measurement impact will be reversed in fiscal 2026, resulting in no impact on earnings over the two fiscal years combined.