Formulation of the “Kansai Electric Power Group Management Plan 2026”

Overview of Management Plan 2026

Kansai Electric Power Group has formulated the three-year management plan "Kansai Electric Power Group Management Plan 2026" toward 2040. The plan positions energy, power transmission and distribution, information and communication, and real estate as core businesses, while also challenging new businesses. It aims for a cumulative investment amount of 15 trillion yen and an ROIC-WACC spread of 100 to 150 basis points. In the three fiscal years from 2026 to 2028, the financial targets include maintenance investment of 1.5 trillion yen for safe and stable supply, growth investment of 1 trillion yen, cumulative shareholder returns of over 270 billion yen, net income exceeding 270 billion yen, and ROIC of 3.3% or higher.

Investment, Shareholder Return Policy and Business Strategy

Over the next three years, cash creation through asset replacement and disciplined investments will be advanced. Asset replacement plans include over 550 billion yen turnover in real estate assets and over 380 billion yen from the sale of shareholdings. Investments are planned at 1.5 trillion yen for maintenance and 1 trillion yen for growth (800 billion yen in energy, 100 billion yen in information and communication, and 100 billion yen in real estate). Shareholder returns target a consolidated payout ratio of 25 to 35%, aiming to maintain or increase dividends. On the business front, efforts will focus on decarbonization, digital transformation (DX), AI utilization, and providing a resilient social infrastructure.