The Kansai Electric Power Company, Inc (KAEPY) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

It is now the scheduled time. We will begin the Kansai Electric Power Company fiscal 2025 financial report and fiscal 2026 management plan investor briefing. Please allow me to introduce our participants. Mr. Mori, CEO. This is Mori. Thank you very much. Mr. Tanaka, Executive Vice President. My name is Tanaka. Thank you very much. Mr. Kikoka, Executive Officer, Office of Accounting and Finance. Hello. Thank you. First, CEO Mori will give his presentation first. So I'm going to start my presentation. This is Mori. Thank you very much for joining us today for our company briefing. Yesterday, we announced our results for fiscal year 2025. We posted consolidated revenue of 4 trillion yen, 56.6 billion yen, and recurring profit of 518.5 billion yen. This represents a decrease in both revenue and profit from FY24. For FY25, the dividend remains unchanged from the revised forecast announced at the second quarter. We will pay an annual dividend of 75 yen per share. Looking ahead to fiscal year 2026, we expect a recurring profit of 290 billion yen. This represents a decrease of 228.5 billion yen. The main factors for profit declines are foreign exchange movement, fuel price fluctuations, lower nuclear capacity factor, and higher costs. These include inflation-driven expenses and increased maintenance and construction costs. Although earnings conditions remain challenging, we will continue steady investment. This includes maintenance investment for safe and stable supply and disciplined growth investment for the future. For FY2026, we planned an annual dividend of 80 yen per share. This is an increase of 5 yen from FY25. Last October, we presented the status of our new management plan. Since then, we have engaged in dialogue with shareholders and investors, incorporating the f...