Chugoku Electric Power, The Current Fiscal Year Ordinary Profit Revised Upward by 15%, Dividend Revised Upward by 5 yen

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Wed Mar 19, 2025 11:30 am JST Revision

9504 The Chugoku Electric Power Company, Incorporated 【J-GAAP】

Guidance Update Report

The Chugoku Electric Power Company, Incorporated <9504> [TSE Prime] announced a revision to its performance and dividend at noon (11:30) on March 19th. The consolidated ordinary profit for the fiscal year ending March 2025 has been revised upward 15.4%, from the previous forecast of 91 billion yen to 105 billion yen (compared to 194 billion yen in the previous period), and the declining rate is expected to decrease from 53.1% to 45.9%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (2H) consolidated ordinary profit is expected to increase 54.7%, from the previous forecast of 25.6 billion yen to 39.6 billion yen (compared to 32.1 billion yen in the same period of the previous year), turning to a 23.2% increase in the consolidated ordinary profit outlook.

In light of the strong performance, the company has significantly increased its planned annual dividend for the current fiscal year from the original plan of 15 yen to 20 yen (compared to 35 yen in the previous period).

Kabutan News

Guidance Update

Second Half Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2024 Prev	738,094	23,111	25,600	18,338	51.0	10	Jan 31, 2025	J-GAAP
Oct - Mar, 2024 New	748,094	38,111	39,600	28,338	78.8	15	Mar 19, 2025	J-GAAP
Revision Rate	+1.4%	+64.9%	+54.7%	+54.5%	+54.5%

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2025 Prev	1,480,000	93,000	91,000	70,000	194.7	15	Jan 31, 2025	J-GAAP
Mar, 2025 New	1,490,000	108,000	105,000	80,000	222.5	20	Mar 19, 2025	J-GAAP
Revision Rate	+0.7%	+16.1%	+15.4%	+14.3%	+14.3%

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	787,238	41,713	32,143	10,473	29.1	30	Apr 30, 2024	J-GAAP
Oct - Mar, 2024 Guidance	748,094	38,111	39,600	28,338	78.8	15	Mar 19, 2025	J-GAAP
YoY	-5.0%	-8.6%	+23.2%	+170.6%	+171.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	1,694,602	-68,892	-106,780	-155,378	-431.3	0	Apr 28, 2023	J-GAAP
Mar, 2024	1,628,785	206,777	194,076	133,501	370.6	35	Apr 30, 2024	J-GAAP
Mar, 2025 Guidance	1,490,000	108,000	105,000	80,000	222.5	20	Mar 19, 2025	J-GAAP
YoY	-8.5%	-47.8%	-45.9%	-40.1%	-40.0%