Tohoku Electric Power Company, Incorporated
Fiscal 2026 Interim Financial Presentation
For the fiscal 2026 interim period, revenue was 1 trillion 7,275 hundred million yen, ordinary income was 458 hundred million yen, and net income attributable to owners of parent was 297 hundred million yen. Year-over-year, revenue increased while ordinary income declined substantially. The interim and year-end dividends are expected at 20 yen (interim) and 22 yen (year-end), totaling 42 yen. The company expects to achieve a consolidated equity ratio of around 20% as a financial target.
Key Figures
- Revenue: 1 trillion 7,275 hundred million yen (Year-over-Year +558.5 billion yen)
- Ordinary Income: 458 hundred million yen (Year-over-Year -79.8 billion yen)
- Net Income Attributable to Owners of Parent (Interim): 297 hundred million yen (Year-over-Year -57.8 billion yen)
AI要約
Summary of Results
Tohoku Electric Power Company, Incorporated reported that while revenue increased year-over-year in the fiscal 2026 interim period, ordinary income declined significantly due to the time-lag effects of the fuel cost adjustment mechanism and differences in the operation of Onagawa Unit 2. Although retail and wholesale sales volumes increased, profit was pressured by higher supply-demand adjustment costs and reversals related to fair-value impacts.
Future Financial Outlook and Dividends
The dividend forecast for fiscal 2026 is 20 yen interim and 22 yen year-end, totaling 42 yen. Considering a DOE level of around 2%, the company will prioritize restoring financial soundness and expects to achieve a consolidated equity ratio of approximately 20% as a fiscal 2026 target. In the medium term, the company aims to increase profits through expanded sales and supply-demand optimization.
Revenue Trend
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Operating Margin & Ordinary Income Margin
Tohoku Electric Power Company, Incorporated
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