FY2026 Third Quarter Financial Summary [Japanese GAAP] (Consolidated)

Overview of Performance

Consolidated net sales for the third quarter of FY2026 amounted to 1,727.2 billion yen, representing a 10.1% decrease year-over-year. Operating income was 183.165 billion yen, down 8.7%, and ordinary income was 163.693 billion yen, down 10.8%. Net income attributable to owners of the parent for the quarter decreased 9.5% to 115.720 billion yen. The decline in net sales mainly reflected a decrease in electricity sales volume (retail). The decrease in ordinary income was impacted by changing market conditions and increased supply-demand adjustment costs in the transmission and distribution business.

Financial Position and Dividend Status

Total assets increased 2.0% from the previous fiscal year-end to 5,505.7 billion yen, and net assets rose 11.0% to 1,119.4 billion yen. The equity ratio rose 1.6 points to 19.9%. The annual dividend forecast for FY2026 is 40 yen per share, an increase of 5 yen compared to the previous year, reflecting the company's commitment to stable shareholder returns.

Full-year Earnings Guidance

The consolidated full-year earnings guidance for FY2026 forecasts net sales of 2,450.0 billion yen (down 7.4%), operating income of 220.0 billion yen (down 21.5%), ordinary income of 190.0 billion yen (down 26.0%), and net income attributable to owners of the parent of 135.0 billion yen (down 26.2%), reflecting expected declines in revenue and earnings. The main factors include the timing lag of the fuel cost adjustment system and changes in market conditions.