Chubu Electric Power Company (9502) Q2 2027 earnings summary

Executive summary

• Six months ended Sep. 30, 2026: operating revenue was ¥1,945,206 million; operating profit was a loss of ¥78,054 million and net loss attributable to owners was ¥280,459 million.

• Hamaoka-related extraordinary losses totaled ¥370,318 million amid increased uncertainty over restart timing and safety work.

Financial highlights

• Operating revenue rose to ¥1,945,206 million from ¥1,747,832 million YoY, mainly on higher-priced electricity sales to other suppliers and fuel cost adjustment revenue, partly offset by lower electricity sales.

• Operating profit was a loss of ¥78,054 million versus profit of ¥145,544 million; ordinary profit was ¥41,047 million versus ¥196,295 million.

• Net loss attributable to owners was ¥280,459 million versus profit of ¥166,381 million; extraordinary losses included ¥304,979 million impairment and ¥65,339 million nuclear-fuel valuation loss.

Outlook and guidance

• FY ending Mar. 31, 2027 forecast: operating revenue ¥4,200,000 million, ordinary profit ¥110,000 million and net loss attributable to owners ¥215,000 million; EPS loss forecast at ¥284.51.

• Revenue forecast rose ~¥300B and ordinary profit forecast fell ~¥75B versus July; ordinary profit excluding time lag is forecast at ~¥160B.

• Full-year Hamaoka-related extraordinary losses are forecast at ~¥380B; FY2026 electricity sales including group companies are forecast at 109.7 TWh, down 8.6% YoY.