Fiscal Year 2025 3rd Quarter Financial Results Presentation

Performance Overview

For the third quarter of fiscal year 2025, consolidated results recorded net sales of 1.7272 trillion yen (89.9% YoY), ordinary income of 163.6 billion yen (89.2% YoY), and net income attributable to owners of parent of 115.7 billion yen (90.5% YoY), marking declines in both revenue and profit. Decreases in electricity sales volume (retail), changes in market and sales environments, and increased supply-demand adjustment costs in transmission and distribution operations influenced these results. Conversely, the restart of Unit 2 at Onagawa and increased gains from a time lag effect under the fuel cost adjustment system contributed to income improvement. The equity ratio improved by 1.6 percentage points YoY to 19.9%.

Outlook and Financial Position

There are no changes to the fiscal year 2025 earnings guidance and dividend forecast, maintaining net sales at 2.45 trillion yen, ordinary income at 190 billion yen, and an annual dividend of 40 yen (interim 20 yen, year-end 20 yen expected). The nuclear facility utilization rate rose to 29.0%, with increased nuclear power generation contributing to improved electric power supply capacity. Although the interest-bearing debt balance increased to 3.4042 trillion yen, financial soundness is maintained through improvement in the equity ratio.