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Chugoku Electric Power, 34% Decrease in Ordinary Profit for The Current Fiscal Year, Despite Last Fiscal Year's Dividend Increase, This Fiscal Year to Decrease Dividend

Wed Apr 30, 2025 2:00 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 in the afternoon session on April 30th (14:00). The consolidated ordinary profit for the fiscal year ending March 2025 decreased 33.8% from the previous period to 128 billion yen. In the fiscal year ending March 2026, the profit is expected to drop by 33.9% from the previous period to 85 billion yen. This will be the second consecutive term of declining profits.

At the same time, the company increased the annual dividend for the previous term from 20 yen to 27 yen (compared to 35 yen in the prior term), and has decided to reduce the dividend this fiscal year to 21 yen, a decrease of 6 yen from the previous fiscal year.

In the most recent three-month period, from January to March (4Q), the consolidated ordinary profit grew 19.7% from the same period last year, reaching 34.3 billion yen. The operating profit margin improved from 7.3% in the same period last year to 9.1%.

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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, 2023 1,694,602 -68,892 -106,780 -155,378 -431.3 0 Apr 28, 2023 J-GAAP
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
YoY -6.1% -37.5% -33.8% -26.2% -26.1%

Full Year Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2025 Guidance 1,490,000 108,000 105,000 80,000 222.5 20 Mar 19, 2025 J-GAAP
Mar, 2025 Results 1,529,218 129,148 128,543 98,474 273.7 27 Apr 30, 2025 J-GAAP
Revision Rate +2.6% +19.6% +22.4% +23.1% +23.0%

Current Period Guidance

H1 Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2024 741,906 69,889 65,400 51,662 143.5 5 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 Guidance ー ー ー ー － 10 Apr 30, 2025 J-GAAP
YoY － － － － －

Current Period Guidance

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 Guidance 1,400,000 95,000 85,000 65,000 180.8 21 Apr 30, 2025 J-GAAP
YoY -8.4% -26.4% -33.9% -34.0% -34.0%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jan - Mar, 2024 423,957 30,912 28,703 12,997 36.1 7.3 Apr 30, 2024 J-GAAP
Apr - Jun, 2024 330,344 34,865 37,359 23,362 64.9 10.6 Jul 31, 2024 J-GAAP
Jul - Sep, 2024 411,562 35,024 28,041 28,300 78.6 8.5 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 354,505 20,064 28,775 27,081 75.3 5.7 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 432,807 39,195 34,368 19,731 54.8 9.1 Apr 30, 2025 J-GAAP
YoY +2.1% +26.8% +19.7% +51.8% +52.0%

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