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
Summary of Consolidated Financial Results（P1）
Consolidated Statements of Operations（P2）
III. Progress Toward the Group Medium-term Management Plan
Initiatives to Restore Revenue and
Factors Affecting Consolidated Ordinary Profit（P3）
Total Electricity Sales Volume（P4）
Power Generated and Received（P5）
Summary of Segment Information（P6）
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 PolicySummary of Consolidated Financial Results Forecast（P8）
Factors Affecting Consolidated Ordinary Profit (Compared to FY 3/2025) （P9）
Financial Results Forecast by Segment (Compared to FY 3/2025)（P10）
IV. Improving Our Corporate ValueInitiatives for Achieving Management That Is Conscious of Both the Cost of Capital and Stock Prices（P22~23）
Revision Direction for the Group Corporate Vision（P24~25）
Stance Regarding Financial Results Forecast（P11）
Key Factors（P12）
Capital Profitability (ROIC/ROE) （P13~14）
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.