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Chubu Electric Power, Apr-Dec (Cumulative 3Q) Ordinary Profit Increases by 8%, Exceeds Full-Year Plan

Mon Feb 2, 2026 4:00 pm JST Earnings

9502 Chubu Electric Power Company,Incorporated 【J-GAAP】

Earnings Report

Chubu Electric Power Company,Incorporated <9502> [TSE Prime] announced its financial results after the market closed on February 2nd (16:00). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2026 (April to December) increased 8.3% from the same period last year, reaching 240 billion yen. Progress toward the full-year plan of 230 billion yen is 104.7%, already exceeding the target and also exceeding the five-year average of 88.6%.

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 10.7 billion yen (compared to a profit of 54.1 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 grew 29.3% from the same period last year, reaching 44.4 billion yen. However, the operating profit margin worsened from 4.7% in the same period last year to 2.8%.

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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 2,697,143 289,611 436,964 357,103 472.3 85.8 Jan 31, 2024 J-GAAP
Apr - Dec, 2024 2,651,636 184,120 222,283 167,145 221.1 80.4 Feb 3, 2025 J-GAAP
Apr - Dec, 2025 2,566,360 168,565 240,729 202,566 268.2 104.7 Feb 2, 2026 J-GAAP
YoY -3.2% -8.4% +8.3% +21.2% +21.3%

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 1,902,752 99,291 88,472 55,110 72.9 30 Apr 28, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,802,168 ー 33,705 18,619 24.7 35 Oct 28, 2025 J-GAAP
YoY -5.3% － -61.9% -66.2% -66.2%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 3,610,414 343,339 509,295 403,140 533.2 55 Apr 26, 2024 J-GAAP
Mar, 2025 3,669,234 242,045 276,400 202,087 267.4 60 Apr 28, 2025 J-GAAP
Mar, 2026 Guidance 3,550,000 ー 230,000 185,000 244.9 70 Apr 28, 2025 J-GAAP
YoY -3.2% － -16.8% -8.5% -8.4%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Oct - Dec, 2024 885,154 41,366 34,355 20,168 26.7 4.7 Feb 3, 2025 J-GAAP
Jan - Mar, 2025 1,017,598 57,925 54,117 34,942 46.2 5.7 Apr 28, 2025 J-GAAP
Apr - Jun, 2025 800,312 67,932 104,832 85,321 113.0 8.5 Jul 29, 2025 J-GAAP
Jul - Sep, 2025 947,520 77,612 91,463 81,060 107.3 8.2 Oct 28, 2025 J-GAAP
Oct - Dec, 2025 818,528 23,021 44,434 36,185 47.9 2.8 Feb 2, 2026 J-GAAP
YoY -7.5% -44.3% +29.3% +79.4% +79.6%

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