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Chubu Electric Power, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 49%, Oct-Dec Ordinary Profit Decreases by 42%

Mon Feb 3, 2025 3:30 pm JST Earnings

9502 Chubu Electric Power Company,Incorporated 【J-GAAP】

Earnings Report

Chubu Electric Power Company,Incorporated <9502> [TSE Prime] announced its financial results after the market closed on February 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 49.1% from the same period last year to 222 billion yen. The progress rate toward the full-year plan of 275 billion yen was 80.8%, below the five-year average of 90.5%.

Based on the cumulative third-quarter performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the January to March period (4Q) is expected to decrease 27.1% from the same period last year to 52.7 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 34.3 billion yen, a 42.4% decrease compared to the same period last year. The operating profit margin worsened from 5.1% in the same period last year to 4.7%.

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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 2,814,044 48,268 -27,876 -37,463 -49.6 ー Jan 30, 2023 J-GAAP
Apr - Dec, 2023 2,697,143 289,611 436,964 357,103 472.3 85.8 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 2,651,636 184,120 222,283 167,145 221.1 80.8 Feb 3, 2025 J-GAAP
YoY -1.7% -36.4% -49.1% -53.2% -53.2%

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 1,768,870 97,681 131,990 91,613 121.2 30 Apr 26, 2024 J-GAAP
Oct - Mar, 2024 Guidance 1,833,518 ー 87,072 63,023 83.5 30 Oct 29, 2024 J-GAAP
YoY +3.7% － -34.0% -31.2% -31.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2023 3,986,681 107,089 65,148 38,231 50.6 50 Apr 28, 2023 J-GAAP
Mar, 2024 3,610,414 343,339 509,295 403,140 533.2 55 Apr 26, 2024 J-GAAP
Mar, 2025 Guidance 3,600,000 ー 275,000 210,000 278.1 60 Oct 29, 2024 J-GAAP
YoY -0.3% － -46.0% -47.9% -47.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2023 855,599 43,953 59,659 45,576 60.3 5.1 Jan 31, 2024 J-GAAP
Jan - Mar, 2024 913,271 53,728 72,331 46,037 60.9 5.9 Apr 26, 2024 J-GAAP
Apr - Jun, 2024 820,592 85,867 124,925 99,537 131.7 10.5 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 945,890 56,887 63,003 47,440 62.7 6.0 Oct 29, 2024 J-GAAP
Oct - Dec, 2024 885,154 41,366 34,355 20,168 26.7 4.7 Feb 3, 2025 J-GAAP
YoY +3.5% -5.9% -42.4% -55.7% -55.7%

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