Komori
Earnings9513Electric Power Development Co.,Ltd.Electricity and gas

Summary of Financial Results for the Second Quarter (Interim Period) of the Fiscal Year Ending March 2027 [Japanese GAAP] (Consolidated)

During the first half of the fiscal year ending March 2027, revenue and operating profit increased due to higher electricity selling prices and other factors, while ordinary profit and net income decreased due to a decline in the equity-method investment gain following the previous period's gain and foreign exchange losses. The full-year earnings forecast and dividend forecast were unchanged, and the scope of consolidation expanded by 3 companies.

Worth reading
59In 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
21
Year-on-year change in revenue (%)
Wording
Conditional
How definitive the wording is.

Results for this period

Interim period (second quarter)1 April 2026 to 30 September 2026ConsolidatedJapanese GAAP
Net Sales691,454¥ millionYear on year +21.0%Progress 50.1%
Operating profit81,697¥ millionYear on year +52.4%Progress 65.4%
Ordinary income82,071¥ millionYear on year -14.8%Progress 65.7%
Net income attributable to owners of the parent55,175¥ millionYear on year -12.5%Progress 68.1%

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¥313.45
Financial position at period-end
Total assets3,925,895¥ million
of which net assets 1,597,533 ¥ millionEquity ratio 37.4%vs. prior year-end -0.2pt

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+79,418
Investment-136,529
Financials+63,074
Net change+5,963

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¥359,638 million
Segment revenuePower Generation Business 4,775 Hundreds of millions of yen (YoY +14.8%), Transmission and transformation business 246 Hundreds of millions of yen (YoY -0.1%), Electricity-related businesses 372 Hundreds of millions of yen (YoY +12.9%), International Business 1,684 Hundreds of millions of yen (YoY +53.7%), Other businesses 61 Hundreds of millions of yen (YoY -22.3%)
Segment profitPower Generation Business 482 Hundreds of millions of yen (YoY +93.7%), Transmission and transformation business 21 Hundreds of millions of yen (YoY -56.2%), Electricity-related businesses 46 Hundreds of millions of yen (YoY -13.1%), International Business 262 Hundreds of millions of yen (YoY -56.6%), Other businesses 3 Hundreds of millions of yen (YoY +81.9%)
Outlook and shareholder returns
Full-year earnings forecast
Net Sales¥1,380,000 million (YoY +16.7%)
Operating profit¥125,000 million (YoY +23.8%)
Ordinary income¥125,000 million (YoY -21.2%)
Net income¥81,000 million (YoY +38.4%)
Annual Dividend Forecast100 Yen → 105 Yen(+5.0%)
Factors Behind Changes in Business Performance

Revenue increased due to higher electricity selling prices and an increase in the volume of electricity sold in Thailand. Operating profit increased due to higher revenue and lower repair and maintenance expenses. Ordinary profit and interim net income attributable to owners of the parent decreased due to a decline in the equity-method investment gain following the previous period's gain from the transfer of an equity interest in the U.S. thermal power generation business, the recognition of foreign exchange losses, higher fuel costs and other factors.

Disclosure regarding the going concern assumption

None

Change in accounting policy
基準改正に伴う変更 Noneそれ以外の変更 None見積りの変更 None修正再表示 None
Changes in the scope of consolidationNew Number of companies 3 / Company name ジェイウインドeソリューションズ Co., Ltd. and 2 other companies / Excluded Number of companies 0 / Company name Not disclosed
Depreciation and amortization¥57,065 million
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End176,337,900
Treasury Shares at Period-End294,342
Results for this period
ItemDetails
Fiscal Period ClassificationInterim period (second quarter)
Accounting standardsJapanese GAAP
Consolidated / non-consolidatedConsolidated
Period Covered1 April 2026 to 30 September 2026
Net Sales¥691,454 million (YoY +21.0%)
Operating profit¥81,697 million (YoY +52.4%)
Ordinary income¥82,071 million (YoY -14.8%)
Profit attributable to owners of the parent¥55,175 million (YoY -12.5%)
Net income per share¥313.45
Equity ratioEnd of the current fiscal period 37.4 / End of previous period 37.6
Total assets¥3,925,895 million
Net assets¥1,597,533 million
Cash flows from operating activities¥79,418 million
Cash flows from investing activities¥-136,529 million
Cash flows from financing activities¥63,074 million
Cash and cash equivalents at end of period¥359,638 million
Full-year earnings forecastNet Sales ¥1,380,000 million (YoY +16.7%) / Operating profit ¥125,000 million (YoY +23.8%) / Ordinary income ¥125,000 million (YoY -21.2%) / Net income ¥81,000 million (YoY +38.4%)
Annual Dividend Forecast100 Yen → 105 Yen(+5.0%)
Segment revenuePower Generation Business 4,775 Hundreds of millions of yen (YoY +14.8%), Transmission and transformation business 246 Hundreds of millions of yen (YoY -0.1%), Electricity-related businesses 372 Hundreds of millions of yen (YoY +12.9%), International Business 1,684 Hundreds of millions of yen (YoY +53.7%), Other businesses 61 Hundreds of millions of yen (YoY -22.3%)
Segment profitPower Generation Business 482 Hundreds of millions of yen (YoY +93.7%), Transmission and transformation business 21 Hundreds of millions of yen (YoY -56.2%), Electricity-related businesses 46 Hundreds of millions of yen (YoY -13.1%), International Business 262 Hundreds of millions of yen (YoY -56.6%), Other businesses 3 Hundreds of millions of yen (YoY +81.9%)
Depreciation and amortization¥57,065 million
Disclosure regarding the going concern assumptionNone
Change in accounting policyChanges due to revisions to standards None / Other changes None / Change in accounting estimate None / Restatement None
Changes in the scope of consolidationNew Number of companies 3 / Company name ジェイウインドeソリューションズ Co., Ltd. and 2 other companies / Excluded Number of companies 0 / Company name Not disclosed
Availability of Supplementary Financial Results MaterialsYes
Availability of Financial Results BriefingYes (for analysts and institutional investors)
Issued Shares at Period-End176,337,900
Treasury Shares at Period-End294,342
Factors Behind Changes in Business PerformanceRevenue increased due to higher electricity selling prices and an increase in the volume of electricity sold in Thailand. Operating profit increased due to higher revenue and lower repair and maintenance expenses. Ordinary profit and interim net income attributable to owners of the parent decreased due to a decline in the equity-method investment gain following the previous period's gain from the transfer of an equity interest in the U.S. thermal power generation business, the recognition of foreign exchange losses, higher fuel costs and other factors.
Items this document does not state (9)
Operating MarginRevision to Earnings ForecastPayout ratioShareholder Return PolicyRegional salesOrders received and order backlogImpairment lossBreakdown of extraordinary income (loss)Material subsequent events

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 due to higher electricity selling prices and an increase in the volume of electricity sold in Thailand. Operating profit increased due to higher revenue as well as lower repair and maintenance expenses. Meanwhile, ordinary profit and interim net income attributable to owners of the parent decreased due to a decline in the equity-method investment gain following the previous period's gain from the transfer of an equity interest in the U.S. thermal power generation business, the recognition of foreign exchange losses, higher fuel costs and other factors.

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