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Electric Power Development, Ordinary Profit Forecast for the Fiscal Year Revised Upward to an Unexpected 8% Increase

Tue Mar 31, 2026 4:00 pm JST Revision

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

Guidance Update Report

Electric Power Development Co., Ltd. <9513> [TSE Prime] announced a performance revision after the market closed on March 31st (16:00). The consolidated ordinary profit forecast for the fiscal year ending March 2026 has been revised upward 27.7%, from the previous forecast of 119 billion yen to 152 billion yen (compared to 140 billion yen in the previous period), turning to an 8.5% increase in the consolidated ordinary profit outlook. However, the full-year forecast for consolidated net income has decreased 25.8%, from the previous forecast of 89.0 billion yen to 66.0 billion yen (compared to 92.4 billion yen in the previous period), leading to an increase in the profit decline rate from 3.8% to 28.6%.

Based on the upwardly revised full-year plan announced by the company, our calculation indicates that the October to March period (second half) consolidated ordinary profit has been revised upward 2.5 times, from the previous forecast of 22.6 billion yen to 55.6 billion yen (compared to 69.0 billion yen in the same period of the previous year), and the declining rate is expected to decrease from 67.2% to 19.4%.

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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 640,586 38,395 22,635 25,934 147.4 50 Oct 31, 2025 J-GAAP
Oct - Mar, 2025 New 608,586 44,395 55,635 2,934 16.3 50 Mar 31, 2026 J-GAAP
Revision Rate -5.0% +15.6% +145.8% -88.7% -88.9%

Full Year Update

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Prev 1,212,000 92,000 119,000 89,000 505.7 100 May 9, 2025 J-GAAP
Mar, 2026 New 1,180,000 98,000 152,000 66,000 367.0 100 Mar 31, 2026 J-GAAP
Revision Rate -2.6% +6.5% +27.7% -25.8% -27.4%

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 608,586 44,395 55,635 2,934 16.3 50 Mar 31, 2026 J-GAAP
YoY -10.0% -34.2% -19.4% -93.4% -93.2%

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 1,180,000 98,000 152,000 66,000 367.0 100 Mar 31, 2026 J-GAAP
YoY -10.4% -29.1% +8.5% -28.6% -27.4%

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