Kansai Electric Power, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 23%, Dividend Revised Upward by 15 Yen

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Thu Oct 30, 2025 4:45 pm JST Earnings

9503 The Kansai Electric Power Company, Incorporated 【J-GAAP】

Earnings Report

The Kansai Electric Power Company, Incorporated <9503> [TSE Prime] announced its financial results after the market closed on October 30th (16:45). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) was 314 billion yen, a 1.3% decrease compared to the same period last year.

However, the full-year forecast for consolidated ordinary profit has been revised upward 22.5%, from the previous forecast of 400 billion yen to 490 billion yen (compared to 531 billion yen in the previous period), and the declining rate is expected to decrease from 24.8% to 7.8%.

Based on the first-half performance announced by the company and the full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to decrease 17.6% from the same period last year to 175 billion yen.

In light of the strong performance, the company has increased its planned annual dividend for the current fiscal year from the original plan of 60 yen to 75 yen (compared to 60 yen in the previous period).

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit grew 20.0% from the same period last year, reaching 180 billion yen. The operating profit margin rose from 12.9% in the same period last year to 13.5%.

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Actual Results

Accumulated Results 2nd Quarter

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Progress Rate vs. First Half	Announce	Accounting Standards
Apr - Sep, 2023	2,073,046	488,226	511,152	371,059	415.8	66.7	Oct 30, 2023	J-GAAP
Apr - Sep, 2024	2,136,504	297,233	319,239	228,833	256.4	60.0	Oct 30, 2024	J-GAAP
Apr - Sep, 2025	2,008,118	276,552	314,988	232,931	209.1	64.3	Oct 30, 2025	J-GAAP
YoY	-6.0%	-7.0%	-1.3%	+1.8%	-18.5%

First Half Results vs. Previous Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Apr - Sep, 2025 Guidance	ー	ー	ー	ー	－	30	Apr 30, 2025	J-GAAP
Apr - Sep, 2025 Results	2,008,118	276,552	314,988	232,931	209.1	30	Oct 30, 2025	J-GAAP
Revision Rate	－	－	－	－	－

Guidance Update

Full Year Update

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2026 Prev	4,000,000	380,000	400,000	295,000	264.8	60	Apr 30, 2025	J-GAAP
Mar, 2026 New	4,050,000	450,000	490,000	360,000	323.1	75	Oct 30, 2025	J-GAAP
Revision Rate	+1.3%	+18.4%	+22.5%	+22.0%	+22.0%

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	2,200,607	171,644	212,447	191,531	198.7	30	Apr 30, 2025	J-GAAP
Oct - Mar, 2025 Guidance	2,041,882	173,448	175,012	127,069	114.1	45	Oct 30, 2025	J-GAAP
YoY	-7.2%	+1.1%	-17.6%	-33.7%	-42.6%

Current Period Guidance

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Adj. Dividend	Announce	Accounting Standards
Mar, 2024	4,059,378	728,935	765,970	441,870	495.1	50	Apr 30, 2024	J-GAAP
Mar, 2025	4,337,111	468,877	531,686	420,364	436.1	60	Apr 30, 2025	J-GAAP
Mar, 2026 Guidance	4,050,000	450,000	490,000	360,000	323.1	75	Oct 30, 2025	J-GAAP
YoY	-6.6%	-4.0%	-7.8%	-14.4%	-25.9%

Quarterly Results

Fiscal Year	Revenue	Operating Profit	Ordinary Profit	Net Profit	Adj. EPS	Operating Profit Margin	Announce	Accounting Standards
Jul - Sep, 2024	1,152,355	148,460	150,277	113,058	126.7	12.9	Oct 30, 2024	J-GAAP
Oct - Dec, 2024	1,016,117	102,610	136,740	133,461	146.0	10.1	Jan 31, 2025	J-GAAP
Jan - Mar, 2025	1,184,490	69,034	75,707	58,070	60.2	5.8	Apr 30, 2025	J-GAAP
Apr - Jun, 2025	917,791	128,949	134,672	99,163	89.0	14.0	Jul 30, 2025	J-GAAP
Jul - Sep, 2025	1,090,327	147,603	180,316	133,768	120.1	13.5	Oct 30, 2025	J-GAAP
YoY	-5.4%	-0.6%	+20.0%	+18.3%	-5.2%