Notice of Revision to Earnings Guidance and Dividend Forecast

Overview of Earnings Guidance Revision

Tohoku Electric Power Company, Incorporated has revised its consolidated earnings guidance for the fiscal year ending March 2027 to revenue of 3,470,000 hundred million yen, operating income of 210,000 hundred million yen, ordinary income of 170,000 hundred million yen, net income attributable to owners of parent of 120,000 hundred million yen, and net income per share of 239.80 yen. The revision is driven by the application of the revenue cap system, including changes in expected transmission and supply-related revenues, adjustments to electricity rates, and revised assumptions on fuel price trends reflecting developments in the Middle East. These changes to assumptions have led to upward revisions in revenue and profit forecasts.

Dividend Forecast and Shareholder Returns

The dividend forecast has also been revised, with the annual dividend set at 42 yen (interim 20 yen, year-end 22 yen). While maintaining a basic policy that targets a DOE of 2% as of the end of fiscal 2026, the company has increased the year-end dividend by 2 yen from the prior forecast of 20 yen, considering profit retention and financial soundness.