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Kyushu Electric Power, Ordinary Profit Forecast for the Fiscal Year Revised Upward by 19%

Fri Oct 31, 2025 3:30 pm JST Earnings

9508 Kyushu Electric Power Company, Incorporated 【J-GAAP】

Earnings Report

Kyushu Electric Power Company, Incorporated <9508> [TSE Prime] announced its financial results after the market closed on October 31st (15:30). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 165 billion yen, an increase 60.1% compared to the same period last year.

In addition, the full-year forecast for consolidated ordinary profit has been revised upward 18.8%, from the previous forecast of 160 billion yen to 190 billion yen (compared to 194 billion yen in the previous period), and the declining rate is expected to decrease from 17.8% to 2.4%.

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 significant drop 73.0% from the same period last year to 24.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit surged 2.0 times that of the same period last year, reaching 106 billion yen. The operating profit margin drastically improved from 9.0% in the same period last year to 17.1%.

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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 1,085,316 207,598 199,507 149,845 313.4 83.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 1,151,192 108,626 103,276 74,286 151.0 53.1 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 1,127,799 169,695 165,322 123,218 254.6 87.0 Oct 31, 2025 J-GAAP
YoY -2.0% +56.2% +60.1% +65.9% +68.6%

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 － 25 Apr 30, 2025 J-GAAP
Apr - Sep, 2025 Results 1,127,799 169,695 165,322 123,218 254.6 25 Oct 31, 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 2,250,000 180,000 160,000 120,000 241.6 50 Apr 30, 2025 J-GAAP
Mar, 2026 New 2,250,000 210,000 190,000 140,000 283.9 50 Oct 31, 2025 J-GAAP
Revision Rate 0.0% +16.7% +18.8% +16.7% +17.5%

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 1,205,641 90,938 91,393 54,480 110.1 25 Apr 30, 2025 J-GAAP
Oct - Mar, 2025 Guidance 1,122,201 40,305 24,678 16,782 34.0 25 Oct 31, 2025 J-GAAP
YoY -6.9% -55.7% -73.0% -69.2% -69.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 2,139,447 254,919 238,161 166,444 342.3 25 Apr 30, 2024 J-GAAP
Mar, 2025 2,356,833 199,564 194,669 128,766 260.1 50 Apr 30, 2025 J-GAAP
Mar, 2026 Guidance 2,250,000 210,000 190,000 140,000 283.9 50 Oct 31, 2025 J-GAAP
YoY -4.5% +5.2% -2.4% +8.7% +9.1%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 650,012 58,782 52,162 37,645 76.5 9.0 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 564,157 40,333 50,440 34,571 70.2 7.1 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 641,484 50,605 40,953 19,909 40.2 7.9 Apr 30, 2025 J-GAAP
Apr - Jun, 2025 498,334 61,853 59,182 46,742 95.9 12.4 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 629,465 107,842 106,140 76,476 158.0 17.1 Oct 31, 2025 J-GAAP
YoY -3.2% +83.5% +103.5% +103.2% +106.5%

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