Kansai Electric Power Company, Incorporated · TSE:9503
Kansai Electric Power — The Kansai Electric Power — Q1 FY2026 Earnings Presentation
39 slides from Kansai Electric Power's earnings presentation, July 2026
Slide 1: Q1 FY2026 Financial Report
Q1 FY2026 Financial Report July 2026
Slide 2: Contents
Contents 2 *FY20XX: Fiscal year ended (or ending) March 31 of the following calendar year (e.g., FY2026 = Fiscal year ending March 31, 2027) １．Financial Summary and Financial Goals Financial Summary and Financial Goals ・・・・ P. 4 ２．Our Initiative to Enhance Corporate Value Segment Ordinary Profit ・・・
Slide 3: Financial Summary and Financial Goals
１．Financial Summary and Financial Goals
Slide 4: Financial Summary and Financial Goals
Financial Summary and Financial Goals 4 Q1 FY2026 Financial Results FY2026 Financial and Dividend Forecasts Consolidated: Increased revenue and decreased ordinary profit Consolidated net sales: JPY 1,007.9 bn (+JPY 90.1 bn*1) Consolidated ordinary profit Revenue increased due to an increase in elect
Slide 5: Our Initiative to Enhance Corporate Value
２．Our Initiative to Enhance Corporate Value
Slide 6: Segment Ordinary Profit
Segment Ordinary Profit 6 Energy T&D *1 ICT *2 Real Estate Adjustments *1 Transmission and Distribution *2 Information and Communication Technology JPY 290.0 bn 33.0 JPY 270.0 bn 35.0 42.0 31.0 45.0 55.0 JPY 52.8 bn 192.0 14.8 135.0 10.8 36.5 -10.4 Average for FY2026–FY2028*3 Q1 FY2026 FY2026 Foreca
Slide 7: Track Record of Investment
Track Record of Investment 7 Cumulative Investment （JPY bn） Q1 FY2026*1 (FY2026-2028)*1 Maintenance CAPEX Approx. 90.0 1,500.0 Growth Investment*2 Approx. 135.0 1,000.0 Total Approx. 225.0 2,500.0 （JPY bn） ＜Growth Investment by Segment＞ Q1 JPY 1.0 trillion Business Major Projects FY 2026 Domestic ・D
Slide 8: Track Record of Asset Recycling and Divestment
8 Track Record of Asset Recycling and Divestment More than JPY 550.0 bn Asset Recycling in Real Estate Condominium sales Lease, investments & Development Approx. JPY 50.0 bn ＋ ＋ More than JPY 380.0 bn （JPY bn） Q1 FY2026 Approx. JPY 220.0 bn Asset Recycling Approx. & KINDEN shares Divestment of Share
Slide 9: Key Initiatives
Key Initiatives 9 Publicati Category Subject on date Renewal of Himeji No. 1 Power Station with High-efficiency Combined Cycle Units May 18 Power Generation Launch of an Inquiry Desk for Off-site Corporate PPAs Leveraging Existing Nuclear and July 9 Hydropower Plants Energy Retail/ Solution Launch o
Slide 10: Examples of Initiatives
Examples of Initiatives 10 Launch of an Inquiry Desk for Off-site Corporate PPAs Press Release Results of Tendering Shares in a Tender Timely 7/9プレス Disclosure onリリース Leveraging Existing Nuclear and Hydropower Plants on July 9 Offer for Own Shares by KINDEN June 2 ⚫ An off-site corporate PPA ("Physi
Slide 11: Examples of Initiatives
Examples of Initiatives 11 Investment in Wawa Pumped Storage Press Release Investment in Starlight Engine Ltd., Press Release Hydropower Project in the Philippines on July 29 a Fusion Energy Startup on July 15 ⚫ Signed an agreement to acquire shares in PMJV, a ⚫ Invested in Starlight Engine Ltd. ("S
Slide 12: Q1 FY2026 Financial Results
３．Q1 FY2026 Financial Results
Slide 13: Consolidated Financial Highlights
Consolidated Financial Highlights 13 （JPY bn） Q1 FY2025 Q1 FY2026 Change Ratio Net sales 917.7 1,007.9 +90.1 +9.8％ Operating profit 128.9 20.3 -108.5 -84.2％ Ordinary profit 134.6 52.8 -81.8 -60.8％ Profit attributable to 99.1 137.0 +37.8 +38.2％ owners of parent （JPY bn） Mar. 31, 2026 June 30, 2026 Ch
Slide 14: Major Factors
Major Factors 14 Q1 FY2025 Q1 FY2026 Change Total electricity sales volume（TWh）*1, 2 34.1 （96.3） 37.0（108.4） +2.9 Retail electricity sales volume 25.5 （98.1） 27.1（106.4） +1.6 Residential 6.4 （97.3） 6.2 （97.9） -0.1 Commercial and Industrial 19.2 （98.3） 20.9（109.2） +1.8 Electricity sales volume to oth
Slide 15: Segment Overview
Segment Overview 15 Q1 FY2025 Q1 FY2026 Change （JPY bn） Net sales to Ordinary Net sales to Ordinary Net sales to Ordinary Net sales external profit Net sales external profit Net sales external profit transactions transactions transactions Energy 798.8 747.3 114.2 845.5 781.9 36.5 +46.6 +34.5 -77.6 T
Slide 16: Segment Results: Energy Segment
Segment Results：Energy Segment 16 （JPY bn） Q1 FY2025 Q1 FY2026 Change Net sales 798.8 845.5 +46.6 Net sales to external transactions 747.3 781.9 +34.5 Ordinary profit *1 114.2 36.5 -77.6 JPY 77.6 bn Decrease Decrease in Increase in nuclear capacity 114.2 electricity sales *2 factor Impacts of exchan
Slide 17: Segment Results: T&D Segment
Segment Results：T&D Segment 17 （JPY bn） Q1 FY2025 Q1 FY2026 Change Net sales 235.4 262.0 +26.5 Net sales to external transactions 82.8 110.8 +28.0 Ordinary profit *1 -2.2 -10.4 -8.2 JPY 8.2 bn Decrease Others Q1 FY2025 Q1 FY2026 -1.8 -2.2 Decrease in revenue -2.7 of standard ＋0.0 wheeling service Su
Slide 18: Segment Results: ICT Segment
Segment Results： ICT Segment 18 Q1 Q1 ＜Major factors＞ （JPY bn） Change FY2025 FY2026 Q1 Q1 （million） Change FY2025 FY2026 Net sales 72.6 74.2 +1.6 Number of FTTH subscribers *2,3 1.71 1.70 -0.00 Net sales to external (0.27) (0.31) (+0.04) 53.0 52.8 -0.1 (Re: Number of super high- speed course subscri
Slide 19: Segment Results: Real Estate Segment
Segment Results： Real Estate Segment 19 Q1 Q1 （JPY bn） Change FY2025 FY2026 Net sales 39.0 66.6 +27.6 ＜Major factors＞ Net sales to external Q1 Q1 transactions 34.5 62.2 +27.7 （unit, %） FY2025 FY2026 Change Ordinary profit* 5.6 14.8 +9.2 Housing units handed over 200 377 ＋177 Kanden Realty & Developm
Slide 20: Consolidated Balance Sheet
Consolidated Balance Sheet 20 Mar. 31, June 30, （JPY bn） Change 2026 2026 ・Increase in capital expenditures +210.8 ・Decrease in depreciation and amortization Total Assets 9,854.6 9,818.9 -35.7 -83.4 ・Decrease in cash and deposits -203.7 ・Increase in Long-Term Investment +64.5 ・Increase in interest-b
Slide 21: FY2026 Financial and Dividend Forecasts
４． FY2026 Financial and Dividend Forecasts
Slide 22: FY2026 Financial and Dividend Forecasts
FY2026 Financial and Dividend Forecasts 22 ＊FY2026 financial and dividend forecasts as of the announcement on April 30, 2026 have been unchanged ＜Financial Forecasts＞ ＜Dividends Forecasts ＞ FY2026 FY2026 （JPY bn） Dividend per share (forecasts) Forecasts Net sales 4,500.0 Annual JPY 80.00 Operating p
Slide 23: Appendix
５． Appendix
Slide 24: Progress in Financial Indicators
Progress in Financial Indicators 24 Average for Q1 FY2026 Results FY2026 Outlook FY2026 - FY2028 ※3 *3 ＜Financial Goals ＞ (After time lag adjustments) (After time lag adjustments) of Management Plan 2026 ※3 ROIC Efficiency Structure ー *1 Approx. 3.4%（Approx. 3.9%） More than 3.3％ Capital ROE ー *1 App
Slide 25: Consolidated Statements of Income
Consolidated Statements of Income 25 (JPY bn) Q1 FY2025 Q1 FY2026 Change Ordinary revenue 943.4 1,057.0 +113.6 （Net sales） (917.7) (1,007.9) (+90.1) ・ Net sales to external transactions in KEPCO +34.5 Electric utility operating ・ Net sales to external transactions in Kansai-T&D revenue 718.2 781.9 +
Slide 26: Non-consolidated Results (KEPCO)
Non-consolidated Results（KEPCO） 26 （JPY bn） Q1 FY2025 Q1 FY2026 Change Ordinary revenue 798.2 851.1 +52.9 （Net sales） (731.5) (781.4) (+49.9) Residential 153.0 146.6 -6.4 ・Increase in retail electricity sales +6.2 (Decrease in fuel cost adjustment charge , etc. * Commercial and industrial 368.0 379.
Slide 27: Non-consolidated Results (Kansai-T&D)
Non-consolidated Results（Kansai-T&D） 27 (JPY bn) Q1 FY2025 Q1 FY2026 Change ・ Revenue of standard wheeling service Ordinary revenue 232.2 260.3 +28.0 -1.6 （Net sales） (222.5) (248.3) (+25.7) ・ Supply and demand adjustment transactions +4.8 Transmission revenue 169.9 173.2 +3.2 Electric sales to oth
Slide 28: Retail Electricity Sales Volume
Retail Electricity Sales Volume 28 ＜FY2026 Results＞ （TWh） April May June Residential 2.4 2.1 1.8 (98.4) (97.8) (97.4) Commercial and 6.8 6.8 7.3 Industrial (110.2) (108.1) (109.2) Retail electricity sales *1,2 9.2 8.8 9.1 volume (106.9) (105.5) (106.7) Increase/Decrease Factors （TWh） Q1 FY2025 Q1 FY
Slide 29: Segment Financial Forecasts
Segment Financial Forecasts 29 ＊FY2026 financial forecasts as of the announcement on April 30, 2026 have been unchanged FY2026 Forecasts （JPY bn） External net sales Ordinary profit Energy 3,591.0 192.0 T&D 458.0 31.0 ICT 219.0 42.0 Real Estate 232.0 33.0 Total 4,500.0 298.0 Adjustments － -8.0 Consol
Slide 30: Consolidated Interest-bearing Debt
Consolidated Interest-bearing Debt 30 （JPY bn） Mar. 31, 2026 June 30, 2026 Change -10.1 Bonds 1,618.0 1,607.9 (+10.0, -20.1) +83.3 Borrowings 2,648.5 2,731.9 (＋247.8, -165.5) +82.8 Long-term 2,493.5 2,576.3 (＋182.8, -100.5) +0.5 Short-term 155.0 155.5 (＋65.0, -65.0) － Commercial paper － － (－, －) Int
Slide 31: Electricity Generated and Received
Electricity Generated and Received 31 Composition Composition （GWh） Q1 FY2025 ratio Q1 FY2026 ratio Change Hydro 4,297 21% 3,854 20% -443 Thermal 5,551 27% 7,451 38% +1,900 Nuclear 10,723 52% 8,137 42% -2,586 Renewable energy 2 0% 3 0% +1 KEPCO Total 20,573 100% 19,445 100% -1,128 Purchased power fr
Slide 32: Time lag from the Fuel Cost Adjustment System
Time lag from the Fuel Cost Adjustment System 32 ○ The fuel cost adjustment system is a mechanism utilized to reflect, in the electricity rates, the impact of fluctuations in the exchange rate and the market price of fuel on thermal fuel costs. ○ Fluctuations in fuel prices of each month are reflect
Slide 33: Framework of Feed-in Tariff Scheme for Renewable Energy
Framework of Feed-in Tariff Scheme for Renewable Energy 33 （JPY bn） Operators of renewable energy power generation plants Purchase Supply Renewable purchase KEPCO and Kansai-T&D Electricity retailer The purchased costs of renewable energy obligation sourced electricity (Purchased power) KEPCO Renewa
Slide 34: Outline of Gas Business
Outline of Gas Business 34 （JPY bn） Q1 FY2025 Q1 FY2026 Change （10,000ｔ） Q1 FY2025 Q1 FY2026 Change Operating revenue 45.0 42.9 -2.1 Gas sales 32 32 +0 volume Operating expenses 42.7 46.1 +3.4 *Number of contracts for Kanden gas as of June 30, 2026 : approx. 1.63 million Operating profit 2.3 -3.1 -5
Slide 35: Outline of Overseas Energy
Outline of Overseas Energy 35 ○ We promote overseas energy businesses that contribute to decarbonization in regions around the world and provide customers with energy- related solutions while leveraging the business expertise and network we have built over the years to enhance profitability. Total o
Slide 36: Introduction and Development Plan of Renewable Energy
Introduction and Development Plan of Renewable Energy 36 ○ We, as the leading company of “decarbonized energy initiatives”, will aggressively pursue renewable energy development, with a focus on offshore wind power, which has great development potential, after strengthening our development promotion
Slide 37: Status of Nuclear Power Plants in Japan and Overview of Our Plants
Status of Nuclear Power Plants in Japan and Overview of Our Plants 37 （as of July 31,2026） Status of Nuclear Power Plants in Japan Overview of Our Nuclear Power Plants Status Legend Reactor Legend Operating Permission received *1 Under review Generation Resumed Operating PWR *2 BWR *3 capacity COD *
Slide 38: Status of Our Nuclear Power Plants
Status of Our Nuclear Power Plants 38 ：Operation ：Periodic Inspection ▼：Actual ▽：Forecast （as of July 31, 2026） FY 2024 FY 2025 FY 2026 FY 2027 FY2028 Mar.2 Jun.16 Sep. 21 ▼ ▼ May 23(Jun. 18) ▼ ▽ Sep.19(Oct. 14) ▽ ▽ Feb. 11(Mar. 8) Mihama 3 *1 *2 Jun.2 Sep.6 Dec.20 Jul.18 ▼ ▼Aug.28(Sep.24） ▼ ▼Dec.2(
Slide 39: For further information
For further information Office of Corporate Planning (Investor Relations) The Kansai Electric Power Co., Inc. E-mail : finance@kepco.co.jp Website : http://www.kepco.co.jp • This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy betw
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