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Chugoku Electric Power, Ordinary Profit Unexpectedly Turn to Loss for Last Fiscal Year, 50% Decrease in The Current Fiscal Year, Dividend Raised by 3 Yen

Tue Apr 28, 2026 3:30 pm JST Earnings

9504 The Chugoku Electric Power Company, Incorporated 【J-GAAP】

Earnings Report

The Chugoku Electric Power Company, Incorporated <9504> [TSE Prime] announced its financial results after the market closed on April 28th (15:30). The consolidated ordinary profit for the fiscal year ended March 2026 decreased by 37.6% from the previous period to 80.2 billion yen, falling below the forecast of 100 billion yen. For the fiscal year ending March 2027 is also bleak, with an expected significant drop by 50.1% from the previous period to 40.0 billion yen. This will be the third consecutive term of declining profits.

At the same time, the company has decided to increase the dividend this fiscal year to 30 yen, an increase of 3 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit/loss turned to a loss of 9.44 billion yen (compared to a profit of 34.3 billion yen in the same period last year). The operating profit/loss margin drastically worsened from 9.1% in the same period last year to -2.4%.

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Actual Results

Historical Performance
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,628,785 206,777 194,076 133,501 370.6 35 Apr 30, 2024 J-GAAP
Mar, 2025 1,529,218 129,148 128,543 98,474 273.7 27 Apr 30, 2025 J-GAAP
Mar, 2026 1,442,302 90,216 80,225 68,539 190.6 27 Apr 28, 2026 J-GAAP
YoY -5.7% -30.1% -37.6% -30.4% -30.4%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2026 Guidance 1,400,000 115,000 100,000 81,000 225.3 27 Oct 31, 2025 J-GAAP
Mar, 2026 Results 1,442,302 90,216 80,225 68,539 190.6 27 Apr 28, 2026 J-GAAP
Revision Rate +3.0% -21.6% -19.8% -15.4% -15.4%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 726,264 90,930 84,500 64,756 180.1 10 Oct 31, 2025 J-GAAP
Apr - Sep, 2026 Guidance ー ー ー ー － 15 Apr 28, 2026 J-GAAP
YoY － － － － －

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 1,529,218 129,148 128,543 98,474 273.7 27 Apr 30, 2025 J-GAAP
Mar, 2026 1,442,302 90,216 80,225 68,539 190.6 27 Apr 28, 2026 J-GAAP
Mar, 2027 Guidance 1,490,000 52,000 40,000 31,000 86.2 30 Apr 28, 2026 J-GAAP
YoY +3.3% -42.4% -50.1% -54.8% -54.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2025 432,807 39,195 34,368 19,731 54.8 9.1 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 329,562 39,586 33,931 26,802 74.5 12.0 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 396,702 51,344 50,569 37,954 105.6 12.9 Oct 31, 2025 J-GAAP
Oct - Dec, 2025 329,755 8,413 5,165 5,447 15.2 2.6 Jan 30, 2026 J-GAAP
Jan - Mar, 2026 386,283 -9,127 -9,440 -1,664 -4.6 -2.4 Apr 28, 2026 J-GAAP
YoY -10.7% － － － －

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