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Kyushu Electric Power, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 40%
9508 Kyushu Electric Power Company, Incorporated 【J-GAAP】
Earnings ReportKyushu Electric Power Company, Incorporated <9508> [TSE Prime] announced its financial results after the market closed on January 30th (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) expanded 215 billion yen, an increase 40.1% compared to the same period last year. Progress toward the full-year plan of 190 billion yen is 113.4%, but it was lower than the five-year average of 125.3%.
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/loss for the January to March period (4Q) is expected to turn into a loss of 25.4 billion yen (compared to a profit of 40.9 billion yen in the same period last year). However, if the fourth-quarter performance remains at the same level as the first three quarters, the full-year plan may be increased.
In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit amounted to 50.1 billion yen, a 0.7% decrease compared to the same period last year. However, the operating profit margin improved from 7.1% in the same period last year to 8.9%.
Kabutan News
Actual Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Progress Rate vs. First Half | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| 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 | 79.0 | Jan 31, 2025 | J-GAAP |
| Apr - Dec, 2025 | 1,649,342 | 216,306 | 215,424 | 161,065 | 331.6 | 113.4 | Jan 30, 2026 | J-GAAP |
| YoY | -3.8% | +45.2% | +40.1% | +48.0% | +50.0% |
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 | 1,205,641 | 90,938 | 91,393 | 54,480 | 110.1 | 25 | Apr 30, 2025 | J-GAAP |
| Oct - Mar, 2025 Guidance | 1,122,201 | 40,305 | 24,678 | 16,782 | 34.0 | 25 | Oct 31, 2025 | J-GAAP |
| YoY | -6.9% | -55.7% | -73.0% | -69.2% | -69.1% |
Current Period Guidance
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Adj. Dividend | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Mar, 2024 | 2,139,447 | 254,919 | 238,161 | 166,444 | 342.3 | 25 | Apr 30, 2024 | J-GAAP |
| Mar, 2025 | 2,356,833 | 199,564 | 194,669 | 128,766 | 260.1 | 50 | Apr 30, 2025 | J-GAAP |
| Mar, 2026 Guidance | 2,250,000 | 210,000 | 190,000 | 140,000 | 283.9 | 50 | Oct 31, 2025 | J-GAAP |
| YoY | -4.5% | +5.2% | -2.4% | +8.7% | +9.1% |
Quarterly Results
| Fiscal Year | Revenue | Operating Profit | Ordinary Profit | Net Profit | Adj. EPS | Operating Profit Margin | Announce | Accounting Standards |
|---|---|---|---|---|---|---|---|---|
| Oct - Dec, 2024 | 564,157 | 40,333 | 50,440 | 34,571 | 70.2 | 7.1 | Jan 31, 2025 | J-GAAP |
| Jan - Mar, 2025 | 641,484 | 50,605 | 40,953 | 19,909 | 40.2 | 7.9 | Apr 30, 2025 | J-GAAP |
| Apr - Jun, 2025 | 498,334 | 61,853 | 59,182 | 46,742 | 95.9 | 12.4 | Jul 31, 2025 | J-GAAP |
| Jul - Sep, 2025 | 629,465 | 107,842 | 106,140 | 76,476 | 158.0 | 17.1 | Oct 31, 2025 | J-GAAP |
| Oct - Dec, 2025 | 521,543 | 46,611 | 50,102 | 37,847 | 77.9 | 8.9 | Jan 30, 2026 | J-GAAP |
| YoY | -7.6% | +15.6% | -0.7% | +9.5% | +11.0% |
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