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Shikoku Electric Power, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 28%

Fri Jan 30, 2026 2:00 pm JST Earnings

9507 Shikoku Electric Power Company, Incorporated 【J-GAAP】

Earnings Report

Shikoku Electric Power Company, Incorporated <9507> [TSE Prime] announced its financial results in the afternoon session on January 30th (14:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 3.0% from the same period last year to 65.3 billion yen.

However, the full-year forecast for consolidated ordinary profit has been revised upward 28.3%, from the previous forecast of 53.0 billion yen to 68.0 billion yen (compared to 91.6 billion yen in the previous period), and the declining rate is expected to decrease from 42.1% to 25.8%.

Based on the full-year plan announced by the company after the upward revision, our estimate of the consolidated ordinary profit for the October to March period (second half) has been revised upward from an expected loss of 13.3 billion yen to a profit of 1.69 billion yen (compared to a profit of 35.7 billion yen in the same period of the previous year), turning to a profit.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit/loss turned to a loss of 0.96 billion yen (compared to a profit of 11.4 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 5.9% in the same period last year to -0.5%.

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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, 2023 578,126 78,575 78,410 56,284 273.7 97.9 Jan 30, 2024 J-GAAP
Apr - Dec, 2024 617,990 65,335 67,395 49,555 240.9 73.6 Jan 29, 2025 J-GAAP
Apr - Dec, 2025 561,030 65,336 65,344 48,228 234.5 96.1 Jan 30, 2026 J-GAAP
YoY -9.2% +0.0% -3.0% -2.7% -2.7%

Guidance Update

Second Half Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2025 Prev 415,130 -12,804 -13,309 -8,634 -42.0 25 Oct 30, 2025 J-GAAP
Oct - Mar, 2025 New 385,130 2,196 1,691 2,366 11.5 25 Jan 30, 2026 J-GAAP
Revision Rate -7.2% － － － －

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 800,000 53,500 53,000 41,000 199.3 50 Apr 30, 2025 J-GAAP
Mar, 2026 New 770,000 68,500 68,000 52,000 252.8 50 Jan 30, 2026 J-GAAP
Revision Rate -3.8% +28.0% +28.3% +26.8% +26.8%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 433,019 35,492 35,709 27,021 131.4 20 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 385,130 2,196 1,691 2,366 11.5 25 Jan 30, 2026 J-GAAP
YoY -11.1% -93.8% -95.3% -91.2% -91.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 787,403 78,526 80,096 60,515 294.3 30 Apr 26, 2024 J-GAAP
Mar, 2025 851,399 89,073 91,611 68,324 332.2 40 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 770,000 68,500 68,000 52,000 252.8 50 Jan 30, 2026 J-GAAP
YoY -9.6% -23.1% -25.8% -23.9% -23.9%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 199,610 11,754 11,493 8,252 40.1 5.9 Jan 29, 2025 J-GAAP
Jan - Mar, 2025 233,409 23,738 24,216 18,769 91.3 10.2 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 175,644 22,642 22,656 15,285 74.3 12.9 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 209,226 43,662 43,653 34,349 167.0 20.9 Oct 30, 2025 J-GAAP
Oct - Dec, 2025 176,160 -968 -965 -1,406 -6.8 -0.5 Jan 30, 2026 J-GAAP
YoY -11.7% － － － －

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