Chubu Electric Power, Apr-Dec (Cumulative 3Q) Ordinary Profit Decreases by 49%, Oct-Dec Ordinary Profit Decreases by 42%

About Information Provided on This Site

The information provided on our website 'Kabutan.com' is not intended to constitute investment solicitation or investment advisory services.
All investment decisions should be made at your own discretion and judgment.
The data on our website is provided by Tokyo Stock Exchange, Osaka Exchange, Nagoya Securities Exchange, JPX Market Innovation & Research, Japannext, and other sources.
Copyright of the Nikkei Stock Average belongs to Nikkei Inc. Stock price charts displayed on Kabutan.com are provided solely for the purpose of reviewing historical price movements of the securities.
These charts neither suggest nor guarantee future price movements of the securities and do not constitute recommendations to buy or sell.
In our financial results coverage, the term 'Surprise Results' identifies securities that demonstrate a significant degree of surprise in their earnings announcements.
This significance is quantitatively assessed based on multiple factors, including: the nature of the announcement (full-year or quarterly results); types of revisions (earnings or dividend forecasts); and numerical analysis comparing the announced results with both the company's previous forecasts and historical performance.
The 'Surprise Ranking' presents these results in order of their calculated surprise factor. Please note that neither these results nor rankings are intended to suggest or guarantee future performance of the listed securities, nor should they be construed as recommendations to buy or sell.

Mon Feb 3, 2025 3:30 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 3rd (15:30). The consolidated ordinary profit for the cumulative third quarter of the fiscal year ending March 2025 (April to December) dropped 49.1% from the same period last year to 222 billion yen. The progress rate toward the full-year plan of 275 billion yen was 80.8%, below the five-year average of 90.5%.

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 for the January to March period (4Q) is expected to decrease 27.1% from the same period last year to 52.7 billion yen.

In the most recent three-month period, from October to December (3Q), the consolidated ordinary profit dropped to 34.3 billion yen, a 42.4% decrease compared to the same period last year. The operating profit margin worsened from 5.1% in the same period last year to 4.7%.

Kabutan News

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, 2022	2,814,044	48,268	-27,876	-37,463	-49.6	ー	Jan 30, 2023	J-GAAP
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	80.8	Feb 3, 2025	J-GAAP
YoY	-1.7%	-36.4%	-49.1%	-53.2%	-53.2%

Current Period Guidance

Second Half Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Oct - Mar, 2023	1,768,870	97,681	131,990	91,613	121.2	30	Apr 26, 2024	J-GAAP
Oct - Mar, 2024 Guidance	1,833,518	ー	87,072	63,023	83.5	30	Oct 29, 2024	J-GAAP
YoY	+3.7%	－	-34.0%	-31.2%	-31.1%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2023	3,986,681	107,089	65,148	38,231	50.6	50	Apr 28, 2023	J-GAAP
Mar, 2024	3,610,414	343,339	509,295	403,140	533.2	55	Apr 26, 2024	J-GAAP
Mar, 2025 Guidance	3,600,000	ー	275,000	210,000	278.1	60	Oct 29, 2024	J-GAAP
YoY	-0.3%	－	-46.0%	-47.9%	-47.8%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Oct - Dec, 2023	855,599	43,953	59,659	45,576	60.3	5.1	Jan 31, 2024	J-GAAP
Jan - Mar, 2024	913,271	53,728	72,331	46,037	60.9	5.9	Apr 26, 2024	J-GAAP
Apr - Jun, 2024	820,592	85,867	124,925	99,537	131.7	10.5	Jul 31, 2024	J-GAAP
Jul - Sep, 2024	945,890	56,887	63,003	47,440	62.7	6.0	Oct 29, 2024	J-GAAP
Oct - Dec, 2024	885,154	41,366	34,355	20,168	26.7	4.7	Feb 3, 2025	J-GAAP
YoY	+3.5%	-5.9%	-42.4%	-55.7%	-55.7%