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Tohoku Electric Power, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 11%
9506 Tohoku Electric Power Company,Incorporated 【J-GAAP】
Earnings ReportTohoku Electric Power Company,Incorporated <9506> [TSE Prime] announced its financial results in the afternoon session on January 30th (15:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) decreased 10.8% from the same period last year to 163 billion yen. Progress toward the full-year plan of 190 billion yen was 86.2%, below the five-year average of 93.1%.
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 significant drop 64.1% from the same period last year to 26.3 billion yen.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit grew 26.0% from the same period last year, reaching 38.0 billion yen. The operating profit margin improved from 5.2% in the same period last year to 7.5%.
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Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Apr - Dec, 2023 | 2,056,315 | 292,418 | 278,893 | 196,304 | 392.6 | 95.5 | Jan 31, 2024 | J-GAAP |
| Apr - Dec, 2024 | 1,920,436 | 200,702 | 183,511 | 127,916 | 255.8 | 71.5 | Jan 31, 2025 | J-GAAP |
| Apr - Dec, 2025 | 1,727,228 | 183,165 | 163,693 | 115,720 | 231.3 | 86.2 | Jan 30, 2026 | J-GAAP |
| YoY | -10.1% | -8.7% | -10.8% | -9.5% | -9.6% |
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 | 1,333,339 | 111,559 | 103,370 | 76,777 | 153.5 | 20 | Apr 30, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 1,281,044 | 78,887 | 64,316 | 47,344 | 94.6 | 20 | Oct 30, 2025 | J-GAAP |
| YoY | -3.9% | -29.3% | -37.8% | -38.3% | -38.4% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 2,817,813 | 322,263 | 291,940 | 226,102 | 452.1 | 15 | Apr 30, 2024 | J-GAAP |
| Mar, 2025 | 2,644,912 | 280,332 | 256,725 | 182,807 | 365.5 | 35 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 Guidance | 2,450,000 | 220,000 | 190,000 | 135,000 | 269.8 | 40 | Apr 30, 2025 | J-GAAP |
| YoY | -7.4% | -21.5% | -26.0% | -26.2% | -26.2% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 608,863 | 31,929 | 30,156 | 21,886 | 43.8 | 5.2 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 724,476 | 79,630 | 73,214 | 54,891 | 109.8 | 11.0 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 535,380 | 64,369 | 57,609 | 37,725 | 75.4 | 12.0 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 633,576 | 76,744 | 68,075 | 49,931 | 99.8 | 12.1 | Oct 30, 2025 | J-GAAP |
| Oct - Dec, 2025 | 558,272 | 42,052 | 38,009 | 28,064 | 56.1 | 7.5 | Jan 30, 2026 | J-GAAP |
| YoY | -8.3% | +31.7% | +26.0% | +28.2% | +28.2% |
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