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Chubu Electric Power Company,Incorporated continues to rise as consolidated ordinary profit for fiscal year ending March 2026 significantly exceeds company guidance
Chubu Electric Power Company,Incorporated <9502> shares extended gains. Following the market close on the 28th, the company reported a consolidated ordinary profit of 291.1 billion yen for the fiscal year ended March 2026, up 5.3% year-on-year. The results were well received as they significantly outperformed the company's guidance of 230.0 billion yen. Improved coal procurement competitiveness for domestic thermal power at JERA, a 50-50 joint venture between Tokyo Electric Power Company Holdings, Incorporated <9501> and Chubu Electric Power, contributed to the boost. While the company left its forecast for the fiscal year ending March 2027 undisclosed, it expects to maintain an annual dividend of 70 yen.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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