Tokyo Electric Power Company Holdings, Inc. (9501) Financial Summary for the Fiscal Year Ending March 2026

Overview of Business Performance

Consolidated net sales for the fiscal year ending March 2026 decreased 7.1% YoY to JPY 6,328.5 billion due to a decrease in electricity sales volume. Operating income increased 44.0% YoY to JPY 337.6 billion, supported by a positive timing impact of the fuel cost adjustment system and other factors, while ordinary income rose 64.0% YoY to JPY 417.3 billion. On the other hand, special losses including disaster-related special loss of JPY 913.8 billion and nuclear damage compensation costs of JPY 82.7 billion were recorded, resulting in a net loss attributable to owners of parent of JPY 454.2 billion.

Financial Position and Cash Flow Status

Total assets increased by JPY 588.6 billion from the previous fiscal year-end to JPY 15,575.6 billion due to an increase in fixed assets. Liabilities rose by JPY 956.3 billion to JPY 12,157.2 billion due to increases in disaster loss provisions and others. Net assets decreased by JPY 367.7 billion to JPY 3,418.3 billion due to the net loss attributable to owners of parent during the period, and the equity ratio declined to 21.8%. Cash flows from operating activities increased 55.1% to JPY 560.3 billion, cash flows used in investing activities decreased 22.8% to JPY 663.6 billion, and cash flows from financing activities decreased 43.1% to JPY 110.4 billion, resulting in cash and cash equivalents increasing 1.1% from the previous fiscal year-end to JPY 936.6 billion.

Outlook

The earnings forecast for the fiscal year ending March 2027 remains undecided due to uncertainty over fuel price outlooks influenced by the Middle East situation and other factors. The company plans to promptly disclose forecasts once a clear outlook becomes available.