Financial Summary for the Fiscal Year Ending March 2026 [Japanese GAAP] (Consolidated)

Overview of Performance

For the fiscal year ending March 2026, consolidated net sales were 1,442.3 billion yen (△5.7% YoY), operating income was 90.2 billion yen (△30.1% YoY), ordinary income was 80.2 billion yen (△37.6% YoY), and net income attributable to owners of parent was 68.5 billion yen (△30.4% YoY). Net sales decreased due to a decline in fuel cost adjustment amounts arising from lower fuel prices, despite an increase in retail electricity sales volume. Operating income declined due to intensified competition in the wholesale and retail segments and reduced profits in transmission and distribution, although income improved from the operation of Shimane Nuclear Power Plant Unit 2 and increased demand capture. Ordinary income and net income also declined accordingly.

Financial Position and Cash Flow Status

Total assets increased by 259.5 billion yen to 4,620.5 billion yen compared to the previous fiscal year, and the equity ratio rose to 16.8%. Cash flow from operating activities increased by 51.2 billion yen to 237.2 billion yen, while cash flow from investing activities decreased by 122.5 billion yen to an expenditure of 236.2 billion yen. Cash flow from financing activities resulted in an inflow of 135.3 billion yen, and cash and cash equivalents at the end of the period increased by 136.6 billion yen to 423.3 billion yen.

Dividend Status

The annual dividend for the fiscal year ending March 2026 was maintained at 27 yen (interim 10 yen, year-end 17 yen), unchanged from the previous year. The forecast for the fiscal year ending March 2027 is an annual dividend of 30 yen (interim 15 yen, year-end 15 yen). The dividend payout ratio is 14.2%, and the company intends to continue a stable dividend policy.

Earnings Forecast for the Fiscal Year Ending March 2027

The consolidated earnings forecast for the fiscal year ending March 2027 is net sales of 1,490 billion yen (3.3% increase YoY), operating income of 52 billion yen (△42.4% YoY), ordinary income of 40 billion yen (△50.1% YoY), and net income attributable to owners of parent of 31 billion yen (△54.8% YoY). While sales are expected to increase, profits are forecasted to decline.