The Kansai Electric Power Company (9503) Q1 2027 earnings summary

Executive summary

• Net sales for Q1 FY2026 rose 9.8% year-over-year to ¥1,007,962 million, while operating profit dropped 84.2% to ¥20,371 million and ordinary profit fell 60.8% to ¥52,822 million.

• Profit attributable to owners of parent increased 38.2% year-over-year to ¥137,061 million, with basic EPS at ¥123.02.

• Comprehensive income surged 111.4% year-over-year to ¥163,886 million.

Financial highlights

• Operating revenue increased to ¥1,007,962 million from ¥917,791 million year-over-year.

• Operating profit sharply declined to ¥20,371 million from ¥128,949 million year-over-year.

• Ordinary profit decreased to ¥52,822 million from ¥134,672 million year-over-year.

• Profit before income taxes rose to ¥158,574 million, driven by a ¥105,077 million extraordinary gain on sale of affiliate shares.

• Basic earnings per share increased to ¥123.02 from ¥89.01 year-over-year.

Outlook and guidance

• Full-year FY2026 forecast: net sales ¥4,500,000 million (+10.9% YoY), operating profit ¥250,000 million (–42.9% YoY), ordinary profit ¥290,000 million (–44.1% YoY), profit attributable to owners of parent ¥310,000 million (+18.4% YoY), basic EPS ¥278.23.

• Annual dividend forecast raised to ¥80.00 per share.