Chubu Electric Power revised its consolidated net forecast for the current fiscal year to a loss and significantly reviewed its full-year plan based on its first-half results for April–September. Against the backdrop of an expanded loss in the July–September quarter, the outlook for the second half is expected to turn to a loss.
Chubu Electric Power announced its financial results and reported that its consolidated net profit or loss for the cumulative second quarter (April–September) of the fiscal year ending March 2027 had turned to a loss of ¥280.4 billion. The same period of the previous year recorded a profit of ¥166.3 billion. At the same time, it revised its full-year profit or loss forecast downward, changing from the previous profit forecast of ¥160 billion to a loss forecast of ¥215 billion, leaving the current fiscal year expected to end in a loss.
The consolidated net loss for the July–September quarter was ¥315.6 billion, while the operating margin on sales deteriorated from 8.2% in the same period of the previous year to -4.7%. As a result, the full-year plan was also significantly reviewed, with estimates indicating that second-half net profit would reach approximately ¥65.4 billion, up 6.6% year on year.
Looking ahead for the current fiscal year, second-half results are expected to amount to approximately ¥65.4 billion, while full-year net profit or loss is expected to remain in the red after turning to a loss.