Chubu Electric Power Company (9502) Q1 2027 earnings summary

Executive summary

• Operating revenue rose to 825.8 billion yen, up 3.2% year-over-year, driven by higher electricity sales and prices, despite a decrease in the fuel cost adjustment charge.

• Ordinary profit fell sharply by 77.6 billion yen to 27.1 billion yen, mainly due to a negative time lag effect, lower sales at Miraiz, and higher equipment-related expenses.

• Profit attributable to owners of parent dropped by 50.1 billion yen to 35.2 billion yen, reflecting the decline in ordinary profit.

• Operating profit turned negative at -25.1 billion yen, down from 67.9 billion yen in the prior year.

• Comprehensive income rose sharply to 56.8 billion yen, up 124.4% year-over-year.

Financial highlights

• Operating revenue: 825.8 billion yen (+25.5 billion yen year-over-year).

• Ordinary profit: 27.1 billion yen (-77.6 billion yen year-over-year).

• Profit attributable to owners of parent: 35.2 billion yen (-50.1 billion yen year-over-year).

• EPS for the quarter was 46.60 yen, down from 112.98 yen last year.

• Shareholders' equity ratio: 41.5% as of June 30, 2026.

Outlook and guidance

• FY2026 operating revenue forecasted at 3,900.0 billion yen, up 350.0 billion yen from FY2025, mainly due to higher fuel cost adjustment charges.

• Ordinary profit expected to decrease by 106.0 billion yen to 185.0 billion yen, with profit attributable to owners of parent forecasted at 160.0 billion yen.

• EPS for the full year is forecasted at 211.81 yen.

• Electrical energy sold is projected to decline by 9.4% year-over-year.

• Dividend per share for FY2026 is forecasted at 70.00 yen, unchanged from FY2025.