Worth reading
46Recurring
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
12.7
% (year-on-year change in operating profit)Wording
Conditional
How definitive the wording is.Results for this period
Full year1 April 2025–31 March 2026ConsolidatedJapanese GAAPNet Sales2,247,214¥ millionYear on year -4.7%Progress 97.7%
Operating profit224,853¥ millionYear on year +12.7%Progress 107.1%
Ordinary income207,059¥ millionYear on year +6.4%Progress 115.0%
Net income attributable to owners of the parent154,535¥ millionYear on year +20.0%
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¥314.65
Operating Margin10.0%
Financial position at period-end
Total assets5,983,340¥ million
of which net assets 1,225,877 ¥ millionEquity ratio 19.9%vs. prior year-end +2.6pt
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+438,745
Investment-383,738
Financials-57,728
Net change-2,721
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¥351,182 million
Segment revenuePower generation and retailing ¥18,429 hundreds of millions (YoY -8.4%), Transmission and Distribution Business ¥7,205 hundreds of millions (YoY -3.7%), Overseas Business ¥37 hundreds of millions (YoY -16.2%), Other Energy Services Business ¥3,517 hundreds of millions (YoY +8.5%), ICT Services Business ¥1,520 hundreds of millions (YoY +10.3%), Urban Development Business ¥271 hundreds of millions (YoY -5.1%)
Segment profitPower generation and retailing ¥1,364 hundreds of millions (YoY +19.2%), Transmission and Distribution Business ¥82 hundreds of millions (YoY -68.8%), Overseas Business ¥126 hundreds of millions (YoY +42.6%), Other Energy Services Business ¥369 hundreds of millions (YoY +11.2%), ICT Services Business ¥106 hundreds of millions (YoY +0.5%), Urban Development Business ¥51 hundreds of millions (YoY +50.0%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥2,300,000 million (YoY +2.3%)
Operating profit¥210,000 million (YoY -6.6%)
Ordinary income¥180,000 million (YoY -13.1%)
Profit attributable to owners of the parent¥130,000 million (YoY -15.9%)
Annual Dividend ForecastCommon shares 50 / Class B Preferred Shares 2,900,000 → Common shares 50 / Class B Preferred Shares 2,900,000（Common shares 0 / Class B Preferred Shares 0）
Payout ratio15.9% for the fiscal year ended March 2026; 19.0% forecast for the fiscal year ending March 2027
Factors Behind Changes in Business Performance
Revenue decreased due to lower retail electricity sales volume and other factors, but profits increased as a result of higher wheeling revenue, lower generation unit costs due to changes in the thermal power generation mix, and lower fuel costs and supply-demand-related expenses resulting from lower fuel prices.
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 0 / Excluded 0 / Company name None
Material subsequent eventsNo applicable matters
Impairment lossNo impairment loss recognized for the period (¥0 million)
Breakdown of extraordinary income (loss)No extraordinary income or extraordinary losses were recorded for the current fiscal year
Depreciation and amortization¥226,169 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End474,183,951
Treasury Shares at Period-End1,405,818
| Item | Details |
|---|---|
| Fiscal Period Classification | Full year |
| Accounting standards | Japanese GAAP |
| Consolidated / non-consolidated | Consolidated |
| Period Covered | 1 April 2025–31 March 2026 |
| Net Sales | ¥2,247,214 million (YoY -4.7%) |
| Operating profit | ¥224,853 million (YoY +12.7%) |
| Ordinary income | ¥207,059 million (YoY +6.4%) |
| Profit attributable to owners of the parent | ¥154,535 million (YoY +20.0%) |
| Net income per share | ¥314.65 |
| Operating Margin | 10.0% |
| Equity ratio | End of the current fiscal period 19.9% / End of previous period 17.3% |
| Total assets | ¥5,983,340 million |
| Net assets | ¥1,225,877 million |
| Cash flows from operating activities | ¥438,745 million |
| Cash flows from investing activities | ¥-383,738 million |
| Cash flows from financing activities | ¥-57,728 million |
| Cash and cash equivalents at end of period | ¥351,182 million |
| Full-year earnings forecast | Net Sales ¥2,300,000 million (YoY +2.3%) / Operating profit ¥210,000 million (YoY -6.6%) / Ordinary income ¥180,000 million (YoY -13.1%) / Profit attributable to owners of the parent ¥130,000 million (YoY -15.9%) |
| Annual Dividend Forecast | Common shares 50 / Class B Preferred Shares 2,900,000 → Common shares 50 / Class B Preferred Shares 2,900,000（Common shares 0 / Class B Preferred Shares 0） |
| Payout ratio | 15.9% for the fiscal year ended March 2026; 19.0% forecast for the fiscal year ending March 2027 |
| Segment revenue | Power generation and retailing ¥18,429 hundreds of millions (YoY -8.4%), Transmission and Distribution Business ¥7,205 hundreds of millions (YoY -3.7%), Overseas Business ¥37 hundreds of millions (YoY -16.2%), Other Energy Services Business ¥3,517 hundreds of millions (YoY +8.5%), ICT Services Business ¥1,520 hundreds of millions (YoY +10.3%), Urban Development Business ¥271 hundreds of millions (YoY -5.1%) |
| Segment profit | Power generation and retailing ¥1,364 hundreds of millions (YoY +19.2%), Transmission and Distribution Business ¥82 hundreds of millions (YoY -68.8%), Overseas Business ¥126 hundreds of millions (YoY +42.6%), Other Energy Services Business ¥369 hundreds of millions (YoY +11.2%), ICT Services Business ¥106 hundreds of millions (YoY +0.5%), Urban Development Business ¥51 hundreds of millions (YoY +50.0%) |
| Depreciation and amortization | ¥226,169 million |
| Impairment loss | No impairment loss recognized for the period (¥0 million) |
| Breakdown of extraordinary income (loss) | No extraordinary income or extraordinary losses were recorded for the current fiscal year |
| 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 0 / Excluded 0 / Company name None |
| Material subsequent events | No applicable matters |
| Availability of Supplementary Financial Results Materials | Yes |
| Availability of Financial Results Briefing | Yes (for analysts and institutional investors) |
| Issued Shares at Period-End | 474,183,951 |
| Treasury Shares at Period-End | 1,405,818 |
| Factors Behind Changes in Business Performance | Revenue decreased due to lower retail electricity sales volume and other factors, but profits increased as a result of higher wheeling revenue, lower generation unit costs due to changes in the thermal power generation mix, and lower fuel costs and supply-demand-related expenses resulting from lower fuel prices. |
Items this document does not state (4)
Revision to Earnings ForecastShareholder Return PolicyRegional 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.Although retail electricity sales and related retail sales revenue declined due to lower retail electricity sales volume, profits increased as a result of higher wheeling revenue, lower generation unit costs due to changes in the thermal power generation mix, and lower fuel costs and supply-demand-related expenses resulting from lower fuel prices. In the next fiscal year, although revenue is expected to increase and nuclear power plant operations to expand, operating income is expected to decrease because the impact of the timing difference in fuel cost adjustments will shift from a gain in the previous fiscal year to a loss.
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.
Weight is not a verdictIt measures how much this changes what the company had already told the market. It is not a view on the shares.
Corrections happenIf the company reissues this disclosure, the page is rebuilt from the corrected version and the revision number moves up.