Chugoku Electric Power Co., Inc. TSE:9504

Chugoku Electric Power : FY2025 Financial Results

Published May 26, 2025 at 2:10 a.m. UTC

Source: MarketScreener

Investors Meeting for FY 3/2025 financial results

The Summary of Financial Results for FY 3/2025

(April 1, 2024 through March 31, 2025)

The Chugoku Electric Power Co., Inc.

May 12, 2025

In this report, the term Fiscal Year 3/2025 refers to the period between April 1, 2024 and March 31, 2025.

Contents

Financial Results for FY 3/2025
1. Summary of Consolidated Financial Results（P1）
2. Consolidated Statements of Operations（P2）
  III. Progress Toward the Group Medium-term Management Plan
  1. Initiatives to Restore Revenue and
3. Factors Affecting Consolidated Ordinary Profit（P3）
4. Total Electricity Sales Volume（P4）
5. Power Generated and Received（P5）
6. Summary of Segment Information（P6）
7. Key Factors（P7）
Financial Results Forecast for

Financial Base（P19）

Status at Shimane Nuclear Power Station Unit 2（P20）
Status at Shimane Nuclear Power Station
Unit 3 and Kaminoseki Site（P21）
FY 3/2026 and Dividend Policy
1. Summary of Consolidated Financial Results Forecast（P8）
2. Factors Affecting Consolidated Ordinary Profit (Compared to FY 3/2025) （P9）
3. Financial Results Forecast by Segment (Compared to FY 3/2025)（P10）
  IV. Improving Our Corporate Value
  1. Initiatives for Achieving Management That Is Conscious of Both the Cost of Capital and Stock Prices（P22~23）
  2. Revision Direction for the Group Corporate Vision（P24~25）
4. Stance Regarding Financial Results Forecast（P11）
5. Key Factors（P12）
6. Capital Profitability (ROIC/ROE) （P13~14）
7. Dividend Policy（P15~18）

(Reference) Company Reorganization（P26） (Supplemental Data)

I. Financial Results for FY 3/2025

Summary of Consolidated Financial Results 1

Operating revenues fell by ¥99.5 billion year on year to ¥1,529.2 billion due to factors such as a decline in fuel cost adjustment amounts in conjunction with falling fuel prices.
Operating profit fell by ¥77.6 billion year on year to ¥129.1 billion. This was mainly due to a decline in operating profit from the power transmission and distribution business, in addition to a reduction in the profit from the time lag of the fuel cost adjustment system and a decline in the total electricity sales volume, despite a profit improvement due to the restart of Shimane Nuclear Power Station Unit 2.
Ordinary profit including non-operating profit/loss such as interest paid fell by ¥65.5 billion year on year to ¥128.5 billion.
Profit attributable to owners of parent after recording extraordinary income/loss and deducting income taxes fell by ¥35.0 billion year on year to ¥98.4 billion.

(Billions of yen)

	FY 3/2025 (A)	FY 3/2024 (B)	Difference (A-B)	YoY growth (A-B)/B
Operating revenues	1,529.2	1,628.7	-99.5	-6.1%
Operating profit	129.1	206.7	-77.6	-37.5%
Ordinary profit	128.5	194.0	-65.5	-33.8%
Profit attributable to owners of parent	98.4	133.5	-35.0	-26.2%

Consolidated Statements of Operations 2

(Billions of yen)

		FY 3/2025 （A）	FY 3/2024 （B）	Difference （A-B）
Ordinary revenues		1,558.8	1,652.4	-93.5
	Operating revenues	1,529.2	1,628.7	-99.5
	Non-operating income	29.6	23.6	6.0
Ordinary expenses		1,430.3	1,458.3	-27.9
	Operating expenses	1,400.0	1,422.0	-21.9
	Non-operating expenses	30.2	36.3	-6.0
Operating profit		129.1	206.7	-77.6
Ordinary profit		128.5	194.0	-65.5
Provision of reserve for water shortage		-	-0.1	0.1
Extraordinary income		(Note１) 12.1	6.4	5.6
Extraordinary losses		(Note２) 13.9	9.5	4.4
Income taxes		28.2	57.7	-29.4
Profit attributable to owners of parent		98.4	133.5	-35.0

Note 1: The Company recorded gains of ¥12.1 billion on sales of nuclear fuel.

Note 2: The Company recorded a loss on sales of property of ¥7.0 billion due to the transfer of the land, buildings, and equipment of the former Shimonoseki Power Station, and an impairment loss of ¥6.9 billion related to Chugoku Electric Power Australia Resources.