Kyushu Electric Power Company, Incorporated, The Current Fiscal Year Ordinary Profit Revised Upward by 18%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Thu Oct 31, 2024 3:00 pm JST Earnings

9508 Kyushu Electric Power Company, Incorporated 【J-GAAP】

Earnings Report

Kyushu Electric Power Company, Incorporated <9508> [TSE-P] announced its financial results after the market closed on October 31st (15:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2025 (April to September) dropped by 48.2% from the same period last year to 103 billion yen.

However, the full-year consolidated ordinary profit has been revised upward by 18.2%, from the previous forecast of 110 billion yen to 130 billion yen (compared to 238 billion yen in the previous period), and the declining rate is expected to decrease from 53.8% to 45.4%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to drop by 30.9% from the same period last year to 26.7 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 52.1 billion yen, a 47.2% decrease compared to the same period last year. The operating profit margin sharply declined from 18.2% in the same period last year to 9.0%.

Kabutan News

Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2022	1,010,682	-75,699	-77,861	-47,676	-103.1	ー	Oct 31, 2022	J-GAAP
Apr - Sep, 2023	1,085,316	207,598	199,507	149,845	313.4	83.8	Oct 31, 2023	J-GAAP
Apr - Sep, 2024	1,151,192	108,626	103,276	74,286	151.0	79.4	Oct 31, 2024	J-GAAP
YoY	+6.1%	-47.7%	-48.2%	-50.4%	-51.8%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2024 Guidance	ー	ー	ー	ー	－	25	Apr 30, 2024	J-GAAP
Apr - Sep, 2024 Results	1,151,192	108,626	103,276	74,286	151.0	25	Oct 31, 2024	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	2,200,000	130,000	110,000	80,000	157.0	50	Apr 30, 2024	J-GAAP
Mar, 2025 New	2,300,000	150,000	130,000	100,000	199.3	50	Oct 31, 2024	J-GAAP
Revision Rate	+4.5%	+15.4%	+18.2%	+25.0%	+27.0%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,054,131	47,321	38,654	16,599	34.1	25	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,148,808	41,374	26,724	25,714	51.3	25	Oct 31, 2024	J-GAAP
YoY	+9.0%	-12.6%	-30.9%	+54.9%	+50.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	2,221,300	-72,998	-86,634	-56,429	-123.8	0	Apr 28, 2023	J-GAAP
Mar, 2024	2,139,447	254,919	238,161	166,444	342.3	25	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	2,300,000	150,000	130,000	100,000	199.3	50	Oct 31, 2024	J-GAAP
YoY	+7.5%	-41.2%	-45.4%	-39.9%	-41.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2023	588,792	107,380	98,819	78,388	163.9	18.2	Oct 31, 2023	J-GAAP
Oct - Dec, 2023	498,075	52,444	51,049	37,192	77.3	10.5	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	556,056	-5,123	-12,395	-20,593	-42.4	-0.9	Apr 30, 2024	J-GAAP
Apr - Jun, 2024	501,180	49,844	51,114	36,641	74.4	9.9	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	650,012	58,782	52,162	37,645	76.5	9.0	Oct 31, 2024	J-GAAP
YoY	+10.4%	-45.3%	-47.2%	-52.0%	-53.3%