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Electric Power Development, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 5%, Exceeds Full-Year Plan

Fri Jan 30, 2026 5:00 pm JST Earnings

9513 Electric Power Development Co., Ltd. 【J-GAAP】

Earnings Report

Electric Power Development Co., Ltd. <9513> [TSE Prime] announced its financial results after the market closed on January 30th (17:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 5.1% from the same period last year, reaching 131 billion yen. Progress toward the full-year plan of 119 billion yen is 110.5%, already exceeding the target and also exceeding the five-year average of 87.8%.

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 12.4 billion yen (compared to a profit of 15.0 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 dropped to 35.1 billion yen, a 35.0% decrease compared to the same period last year. The operating profit margin decreased from 13.7% in the same period last year to 11.8%.

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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 960,842 83,725 84,801 56,356 308.2 71.5 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 958,959 114,294 125,053 79,714 435.9 89.3 Jan 31, 2025 J-GAAP
Apr - Dec, 2025 864,559 88,265 131,484 84,049 464.7 110.5 Jan 30, 2026 J-GAAP
YoY -9.8% -22.8% +5.1% +5.4% +6.6%

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 675,949 67,519 69,037 44,134 241.3 50 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 640,586 38,395 22,635 25,934 146.3 50 Oct 31, 2025 J-GAAP
YoY -5.2% -43.1% -67.2% -41.2% -39.4%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,257,998 105,704 118,535 77,774 425.3 100 May 9, 2024 J-GAAP
Mar, 2025 1,316,674 138,310 140,095 92,469 505.6 100 May 9, 2025 J-GAAP
Mar, 2026 Guidance 1,212,000 92,000 119,000 89,000 502.1 100 May 9, 2025 J-GAAP
YoY -7.9% -33.5% -15.1% -3.8% -0.7%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 318,234 43,503 53,995 31,379 171.6 13.7 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 357,715 24,016 15,042 12,755 69.8 6.7 May 9, 2025 J-GAAP
Apr - Jun, 2025 250,297 32,477 73,067 52,088 284.8 13.0 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 321,117 21,128 23,298 10,978 60.2 6.6 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 293,145 34,660 35,119 20,983 116.0 11.8 Jan 30, 2026 J-GAAP
YoY -7.9% -20.3% -35.0% -33.1% -32.4%

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