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Kyushu Electric Power, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 39%, Exceeds Full-Year Plan

Fri Jan 31, 2025 3:30 pm JST Earnings

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

Earnings Report

Kyushu Electric Power Company, Incorporated <9508> [TSE Prime] announced its financial results after the market closed on January 31st (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 38.7% from the same period last year to 153 billion yen. The progress rate toward the full-year plan of 130 billion yen is 118.2%, already exceeding the target and also exceeding the five-year average of 113.4%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary loss for the January to March period (4Q) is expected to expand to a loss of 23.7 billion yen (compared to a loss of 12.3 billion yen in the same period last year).

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 50.4 billion yen, a 1.2% decrease compared to the same period last year. The operating profit margin significantly dropped from 10.5% in the same period last year to 7.1%.

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Actual Results

Accumulated Results 3rd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Dec, 2022 1,567,510 -120,588 -130,554 -89,431 -192.5 ー Jan 31, 2023 J-GAAP
Apr - Dec, 2023 1,583,391 260,042 250,556 187,037 388.9 105.2 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 1,715,349 148,959 153,716 108,857 221.1 118.2 Jan 31, 2025 J-GAAP
YoY +8.3% -42.7% -38.7% -41.8% -43.2%

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
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
Oct - Dec, 2024 564,157 40,333 50,440 34,571 70.2 7.1 Jan 31, 2025 J-GAAP
YoY +13.3% -23.1% -1.2% -7.0% -9.2%

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