2025 Fiscal Year Financial Presentation Materials

Performance Overview

Consolidated net sales for fiscal 2025 were 3,546.0 billion yen, reflecting a revenue decrease of 123.1 billion yen YoY due to reduced fuel cost adjustments, among other factors. Meanwhile, ordinary income increased by 14.6 billion yen YoY despite recording cancellation costs related to contract termination due to the new standard conformity review at Hamoka Nuclear Power Plant (8.8 billion yen expense). This increase was supported by profit gains of 22.3 billion yen from improved coal procurement competitiveness in JERA’s domestic thermal power business. Net income attributable to owners of parent increased by 25.7 billion yen YoY driven by the rise in ordinary income.

Segment Performance and Future Outlook

By segment, MIRAISE and JERA contributed to the increase in ordinary income, while Power Grid remained flat compared to the previous fiscal year. Hydroelectric power generation decreased by 500 million kWh due to lower water inflow rates. New energy remained stable compared to the previous fiscal year. The outlook for fiscal 2026 remains undecided due to high uncertainty related to fuel prices and wholesale power market prices influenced by Middle East geopolitical conditions. The outlook will be promptly disclosed once reasonable assumptions become available. Dividends are planned at 70 yen per annum for fiscal 2025 (35 yen interim, 35 yen year-end).