Chugoku Electric Power Co., Inc. TSE:9504
Chugoku Electric Power : Supporting Document of FY 3/2026-1Q Financial Results
Source: MarketScreener
Supporting document of FY 3/2026-1Q financial results
The Chugoku Electric Power Co., Inc.
July 31, 2025
In this report, the term Fiscal Year 3/2026 refers to the period between April 1, 2025 and March 31, 2026.
Financial Results for FY 3/2026-1Q ・・・・・・ ① ~ Ⓑ
Financial Results Forecast for FY 3/2026 and Dividend Policy
・・・・・・ ⑨
(Reference) Summary of Financial
Results for FY 3/2026-1Q
・・・・・・ ⑩
(Reference) Supplemental Data ・・・・・・ ⑪ ~ ㉒
Contents
I. Financial Results for FY 3/2026-1Q
Operating revenues fell by ¥0.7 billion year on year to ¥329.5 billion due to the revisions in the standard electricity rate plan for high voltage and extra-high voltage, despite an increase in retail electricity sales volume.
Operating profit increased by ¥4.7 billion year on year to ¥39.5 billion. This was mainly due to the profit improvement from the operation of Shimane Nuclear Power Station Unit 2 and an increase in the profit from the time lag of the fuel cost adjustment system, despite the effect of increased competition in wholesale and retail businesses.
Ordinary profit decreased by ¥3.4 billion year on year to ¥33.9 billion due to factors such as an increase in interest expense.
Profit attributable to owners of parent increased by ¥3.4 billion year on year to
¥26.8 billion, primarily due to the absence of the extraordinary loss recorded in the same period of the previous fiscal year.
1-1. Summary of Consolidated Financial Results
1
(Billions of yen)
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | YoY growth (A-B)/B | |
Operating revenues | 329.5 | 330.3 | -0.7 | -0.2% |
Operating profit | 39.5 | 34.8 | 4.7 | 13.5% |
Ordinary profit | 33.9 | 37.3 | -3.4 | -9.2% |
Profit attributable to owners of parent | 26.8 | 23.3 | 3.4 | 14.7% |
1-2. Summary of Consolidated Financial Results
2
(Billions of yen)
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | ||
Ordinary revenues | 336.9 | 338.2 | -1.3 | |
Operating revenues | 329.5 | 330.3 | -0.7 | |
Non-operating income | 7.3 | 7.9 | -0.5 | |
Ordinary expenses | 302.9 | 300.9 | 2.0 | |
Operating expenses | 289.9 | 295.4 | -5.5 | |
Non-operating expenses | 13.0 | 5.4 | 7.5 | |
Operating profit | 39.5 | 34.8 | 4.7 | |
Ordinary profit | 33.9 | 37.3 | -3.4 | |
Provision of reserve for water shortage | — | 0.0 | -0.0 | |
Extraordinary income | (Note1) 4.3 | (Note1) 5.1 | -0.7 | |
Extraordinary losses | — | 7.0(Note2) | -7.0 | |
Income taxes | 11.5 | 12.0 | -0.4 | |
Profit attributable to owners of parent | 26.8 | 23.3 | 3.4 | |
Note1: The Company recorded gains on sales of nuclear fuel.
Note2:The Company recorded a loss on sales of property due to the transfer of the land, buildings, and equipment of the former Shimonoseki Power Station.
2. Consolidated Statements of Operations
3
3.経常利益の変動要因【連結】4
3.経常利益の変動要因【連結】4
3. Factors Affecting Consolidated Ordinary Profit
4
Consolidated Ordinary Profit -3.4 billion
FY
3/2025-1Q
(Billions of yen)
Increase in the
・Gain or loss on derivatives
-5.0
・Increase in interest expense -3.3
・Decrease in profits of consolidated subsidiaries -3.0
, etc.
60
Time lag
50
of the fuel cost adjustment system
5.0
total electricity sales volume
FY
3/2026-1Q
3.0
Increase in ordinary profit of Chugoku Electric Power Transmission & Distribution Company
-16.5
-7.0
3.1
9.0
Increase in nuclear power
40 operations
30
FY 3/2025-1Q :
Approx. + 3.0 billion
FY 3/2026-1Q :
Increased competition (wholesale and retail businesses )
Decrease in supply and demand adjustment transactions, etc.
Others
20 37.3
10
Approx. +12.0 billion
・Decrease in supply and demand
adjustment-related expenses 4.0
・Increase in maintenance expenses -0.9
33.9
0
【34.3】
Figures in square brackets 【】 represent the profit excluding the effects of any time lag of the fuel cost adjustment system.
【21.9】
(Billions of kWh)
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A‐B) | YoY growth (A‐B)/B | |||
Total electricity sales volume | 12.58 | 11.18 | 1.40 | 12.5% | ||
Retail electricity sales volume | Lighting | 3.04 | 3.12 | -0.08 | -2.5% | |
Power | 6.92 | 6.15 | 0.77 | 12.6% | ||
Subtotal | 9.97 | 9.27 | 0.70 | 7.5% | ||
Electricity sales volume to other power companies | 2.62 | 1.92 | 0.70 | 36.6% | ||
Note 1: The amounts indicated are the total electricity sales volume by Chugoku Electric Power.
Note 2: Amounts do not include the amount of retail power used in-house or the amount of electricity sales volume to other power
companies in relation to imbalances/adjusted power supply, etc.
Note 3: There may be discrepancies in totals due to rounding.
4. Total Electricity Sales Volume
5
Total electricity sales volume increased by 12.5% year on year to 12.58 billion kWh.
Retail electricity sales volume increased by 7.5% year on year to 9.97 billion kWh.
Electricity sales volume to other power companies increased by 36.6% year on year
to 2.62 billion kWh.
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A‐B) | YoY growth (A‐B)/B | |||
Generated and received electricity | 13.51 | 11.63 | 1.88 | 16.2% | ||
Generated by Chugoku Electric Power | 8.27 | 5.50 | 2.77 | 50.4% | ||
(Water flow rate) Hydroelectric | (93.7%) 1.00 | (104.9%) 0.92 | (-11.2%) 0.07 | 8.1% | ||
Thermal | 5.39 | 4.55 | 0.84 | 18.4% | ||
(Capacity factor) Nuclear | (102.7%) 1.84 | ( - ) — | (102.7%) 1.84 | — | ||
New energy sources | 0.04 | 0.02 | 0.02 | 91.0% | ||
Received from other companies | 5.76 | 6.35 | -0.58 | -9.2% | ||
Power used for water pumping | -0.53 | -0.22 | -0.30 | 138.0% | ||
(Billions of kWh)
Note 1: The amounts indicated are the power generated and received by Chugoku Electric Power.
Note 2: Shimane Nuclear Power Station Unit 2 has restarted power generation, connected to the grid since December 23, 2024.
Note 3: Power received from other companies includes power pertaining to imbalances/adjusted power supply, etc. The power amounts indicated are those identified as of the end of the fiscal year.
Note 4: The difference between the total amount of power generated and received and the total electricity sales volume is the amount of power loss, etc. Note 5: There may be discrepancies in totals due to rounding.
5. Power Generated and Received
6
Generated and received electricity increased by 16.2% year on year to 13.51 billion kWh.
Our own thermal power generation increased due to the rise in total electricity sales volume and a decrease in electricity received from other companies.
Nuclear power generation increased as a result of the operation of Shimane Nuclear Power
Station Unit 2.
(Billions of yen)
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | ||
Comprehensive energy | Operating revenues | 304.9 | 312.0 | -7.1 |
Operating profit | 36.2 | 34.0 | 2.2 | |
Power transmission and distribution | Operating revenues | 107.4 | 107.2 | 0.1 |
Operating profit | 3.5 | 0.0 | 3.5 | |
Information and telecommunications | Operating revenues | 11.0 | 10.2 | 0.7 |
Operating profit | 0.8 | 1.1 | -0.2 | |
Others | Operating revenues | 19.6 | 22.6 | -2.9 |
Operating profit | -0.6 | 0.1 | -0.8 | |
Adjustment | Operating revenues | (-113.4) | (-121.8) | (8.3) |
Operating profit | (-0.5) | (-0.5) | (0.0) | |
Total | Operating revenues | 329.5 | 330.3 | -0.7 |
Operating profit | 39.5 | 34.8 | 4.7 |
6. Summary of Segment Information
7
In the comprehensive energy business, revenues decreased mainly due to the revisions in the standard electricity rate plan for high voltage and extra-high voltage. Operating profit increased mainly due to the profit improvement from the operation of Shimane Nuclear Power Station Unit 2 and an increase in the profit from the time lag of the fuel cost adjustment system.
In the power transmission and distribution business, the profit increased mainly due to a decrease in expenses related to supply and demand adjustments, despite an increase in maintenance expenses.
Key factors
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | |
Exchange rate (¥/$) | 145 | 156 | -11 |
All Japan CIF crude oil price ($/b) | 75.1 | 87.5 | -12.4 |
All Japan CIF imported coal price ($/t) | 120.3 | 157.4 | -37.1 |
Nuclear capacity factor (%) | 102.7 | ー | 102.7 |
Note: Crude oil and imported coal CIF prices are preliminary figures for FY 3/2026-1Q.
7. Key Factors
8
II. Forecasts of Financial Results and Dividends for FY 3/2026
Announcement (April 30, 2025):https:/https://www.energia.co.jp/e/ir/info/pdf/ir10-c2025b15.pdf
≪Financial Results≫
(Billions of yen) ≪Segment Information≫
(Billions of yen)
FY 3/2026 | |
Operating revenues | 1,400.0 |
Operating profit | 95.0 |
Ordinary profit | 85.0 |
Profit attributable to owners of parent | 65.0 |
Shareholders' equity ratio | Approx. 16.5% (Approx. 18.8%*) |
FY 3/2026 | ||
Comprehensive energy | Operating revenues | Approx. 1,320.0 |
Operating profit | Approx. 80.0 | |
Power transmission and distribution | Operating revenues | Approx. 410.0 |
Operating profit | Approx. 10.0 | |
Information and tele-communications | Operating revenues | Approx. 47.0 |
Operating profit | Approx. 4.0 | |
Others | Operating revenues | Approx. 105.0 |
Operating profit | Approx. 3.0 | |
Adjustment | Operating revenues | (Approx. -482.0) |
Operating profit | (Approx. -2.0) | |
Total | Operating revenues | Approx. 1,400.0 |
Operating profit | Approx. 95.0 | |
≪Dividends per share≫
FY 3/2026 | |
Interim | ¥10 (Forecasts) |
Year-end | ¥11 (Forecasts) |
Total | ¥21 (Forecasts) |
FY 3/2026 | |
Total electricity sales volume (billions of kWh) | 57.4 |
Exchange rate ( ¥/ $ ) | 145 |
All Japan CIF crude oil price ( $ / b ) | 75 |
Nuclear capacity factor ( % ) | 86 |
FY 3/2026 | ||
Exchange rate | ( ¥1 / $) | 2.0 |
All Japan CIF crude oil price | ( $1 / b) | 1.3 |
Water flow rate | ( 1% ) | 0.3 |
Nuclear capacity factor | ( 1% ) | 0.7 |
≪Key Factors≫ ≪Financial Impacts (Sensitivity)≫ (Billions of yen)
* This indicates the shareholders’ equity ratio if the ¥50.0 billion of the hybrid corporate bonds already raised (announced on December 3, 2021) and ¥50.0 billion of transition-linked hybrid loans already raised (announced on September 29, 2022) are both treated as equity capital.
Forecasts of Financial Results and Dividends for FY 3/2026
9
Forecasts of financial results and dividends have not changed of the announcement on April 30, 2025.
(Reference) Summary of Financial Results for FY 3/2026-1Q, and the Group’s Initiatives
FY 3/2026-1Q | FY 3/2025-1Q | |
Overview of financial results | Decrease in revenue(-0.7) Decrease in profit (-3.4) for 2 consecutive years | Decrease in revenue(-70.7) Decrease in profit (-45.2) for the first time in 3 years |
Operating revenues | 329.5 (Note1) | 330.3 (Note1) |
Operating profit | 39.5 (2nd) | 34.8 |
Ordinary profit | 33.9 (3rd) | 37.3 |
Profit attributable to owners of parent | 26.8 (2nd) | 23.3 |
Consolidated Statements of Operations
Consolidated Balance Sheets
(Billions of yen)
(Billions of yen)
FY 3/2026-1Q | FY 3/2025 | |
Total assets | 4,382.7 | 4,360.9 |
Net assets | 712.8 | 705.8 |
Shareholders’ equity ratio | 16.3% (18.6%(Note 4) ) | 16.2% (18.5%(Note 4) ) |
Interest-bearing debts | 3,244.9 | 3,181.3 |
Note 1: The operating revenues ranking is not indicated because the application of the Accounting Standard for Revenue Recogniti on since FY 3/2022-1Q has invalidated comparisons to past operating revenues.
Note 2: Increases/decreases in profit in the overview of financial results are based on ordinary profit. Note 3: Rankings indicate ranking since FY 3/2004.
Note 4: This indicates the shareholders’ equity ratio if the ¥50.0 billion of the hybrid corporate bonds already raised (announced on December 3, 2021) and ¥50.0 billion of transition-linked hybrid loans already raised (announced on September 29, 2022) are both treated as equity capital.
Statements of Operations and Balance Sheets (Consolidated) 10
(Reference) Supplemental Data
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | ||||
Ordinary revenues | 306.1 | 320.0 | -13.8 | |||
Operating revenues | 291.7 | 297.1 | -5.3 | |||
Electricity sales revenue | 219.4 | 207.0 | 12.4 | |||
Others | 72.2 | 90.1 | -17.8 | |||
Non-operating income | 14.3 | 22.8 | -8.5 | |||
Ordinary expenses | 267.2 | 271.2 | -3.9 | |||
Operating expenses | 257.2 | 266.2 | -8.9 | |||
Personnel | 11.1 | 11.2 | -0.1 | |||
Retirement allowances | 0.0 | 0.2 | -0.1 | |||
Material | 119.0 | 137.7 | -18.7 | |||
Fuel | 49.1 | 50.8 | -1.6 | |||
Purchased power | 69.8 | 86.9 | -17.0 | |||
Maintenance | 9.3 | 8.4 | 0.8 | |||
Depreciation | 19.9 | 12.9 | 6.9 | |||
Back-end of nuclear power | 4.3 | — | 4.3 | |||
Transmission fees of connected supply | 60.7 | 61.0 | -0.2 | |||
Others | 32.7 | 34.7 | -1.9 | |||
Non-operating expenses | 9.9 | 4.9 | 4.9 | |||
Ordinary profit (Operating profit) | 38.9 (34.4) | 48.8 (30.9) | -9.8 (3.5) | |||
Provision or reversal of reserve for water shortage | — | 0.0 | -0.0 | |||
Extraordinary income | 4.3 | 5.1 | -0.7 | |||
Extraordinary losses | — | 7.0 | -7.0 | |||
Income taxes, etc. | 10.8 | 11.9 | -1.0 | |||
Profit | 32.4 | 34.8 | -2.4 | |||
1-1. Income Statement
11
(Billions of yen)
(Billions of yen)
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | ||||
Ordinary revenues | 107.5 | 107.5 | 0.0 | |||
Operating revenues | 107.0 | 106.7 | 0.3 | |||
Transmission revenue | 76.6 | 79.2 | -2.6 | |||
Others | 30.4 | 27.5 | 2.9 | |||
Non-operating income | 0.4 | 0.7 | -0.3 | |||
Ordinary expenses | 105.4 | 108.5 | -3.1 | |||
Operating expenses | 103.5 | 106.9 | -3.3 | |||
Personnel | 11.6 | 11.6 | 0.0 | |||
Retirement allowances | 0.1 | 0.2 | -0.1 | |||
Material | 38.3 | 42.3 | -4.0 | |||
Fuel | 0.5 | 0.7 | -0.1 | |||
Purchased power, etc. | 37.7 | 41.6 | -3.8 | |||
Maintenance | 14.3 | 13.4 | 0.9 | |||
Depreciation | 10.7 | 10.3 | 0.4 | |||
Others | 28.4 | 29.0 | -0.6 | |||
Non-operating expenses | 1.8 | 1.6 | 0.2 | |||
Ordinary profit (Operating profit) | 2.1 (3.5) | -1.0 (-0.1) | 3.1 (3.6) | |||
Income taxes, etc. | 0.5 | -0.4 | 1.0 | |||
Profit | 1.5 | -0.5 | 2.1 | |||
<Reference>Electricity demand in the Chugoku region
FY 3/2026-1Q | FY 3/2025-1Q | Difference |
12.13 | 12.29 | -0.16 |
(Billions of kWh)
1-2. Income Statement
12
Apr. | May | Jun. | Total | Jul. | Aug. | Sep. | Oct. | Nov. | Dec. | Jan. | Feb. | Mar. | |||
Total electricity sales volume | 4.21 (5.9%) | 3.94 (9.8%) | 4.44 (22.4%) | 12.58 (12.5%) | — | — | — | — | — | — | — | — | — | ||
Lighting | 1.19 | 0.95 | 0.90 | 3.04 | — | — | — | — | — | — | — | — | — | ||
Retail | (-1.9%) | (-4.5%) | (-1.1%) | (-2.5%) | |||||||||||
Power | — | — | — | — | — | — | — | — | — | ||||||
electricity sales volume | 2.28 (6.8%) | 2.24 (13.5%) | 2.41 (17.7%) | 6.92 (12.6%) | |||||||||||
Subtotal | 3.47 | 3.19 | 3.31 | 9.97 | — | — | — | — | — | — | — | — | — | ||
(3.7%) | (7.5%) | (12.0%) | (7.5%) | ||||||||||||
Electricity sales volume to other power companies | 0.74 (18.1%) | 0.75 (20.8%) | 1.13 (68.5%) | 2.62 (36.6%) | — | — | — | — | — | — | — | — | — | ||
FY 3/2026-1Q (Billions of kWh)
Note 1: The amounts indicated are the total electricity sales volume by Chugoku Electric Power.
Note 2: Amounts do not include the amount of retail power used in-house or the amount of electricity sales volume to other power companies
in relation to imbalances/adjusted power supply, etc.
Note3: Figures in parentheses indicate the percentage change from the previous fiscal year. Note4: There may be discrepancies in totals due to rounding.
Average monthly temperature (Hiroshima city) (℃)Apr.
May
Jun.
Jul.
Aug.
Sep.
Oct.
Nov.
Dec.
Jan.
Feb.
Mar.
FY 3/2026
15.5
19.6
24.7
—
—
—
—
—
—
—
—
—
Difference from
average year
0.7
0.0
1.5
—
—
—
—
—
—
—
—
—
Difference from previous year
-2.0
0.0
1.2
—
—
—
—
—
—
—
—
—
2.Monthly Change in Total Electricity Sales Volume
13
FY 3/2025-1Q
Profit Approx. 3.0 billion yenAverage fuel price
軸ラベル
(refer to fuel prices 3-5 months ago)
Fuel procurement price
FY 3/2026-1Q
ProfitApprox. 12.0 billion yen4/2024
7/2024
4/2025
7/2025
3/2026
Note: Time lag of the fuel cost adjustment system is caused by the time lag of reflecting fuel prices in electricity rates (average fuel price).
3.Time Lag of the Fuel Cost Adjustment System(Image Diagram) 14
Procurement volume (Note 1)
Unit
FY 3/2026-1Q (A)
FY 3/2025-1Q (B)
Difference (A-B)
Fuel oil
million litters
20
30
-10
Coal (Note 2)
thousand tons
1,360
1,150
210
LNG (Note 2)
thousand tons
330
390
-50
Note 1: The impact of inventories included Note 2 :Sales included
Consumption volume
Unit | FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | |
Fuel oil | million litters | 10 | 10 | 10 |
Coal | thousand tons | 1,170 | 850 | 320 |
LNG | thousand tons | 220 | 250 | -30 |
4. Procurement and Consumption of Fuel
15
(Billions of yen)
Non-Consolidated | Chugoku Electric Power Transmission & Distribution Co., Inc. | |||||
FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | FY 3/2026-1Q (A) | FY 3/2025-1Q (B) | Difference (A-B) | |
Capital expenditure | 26.9 (23.5) | 47.7 (46.7) | -20.7 (-23.2) | 15.9 | 14.9 | 0.9 |
Note: Figures in ( ) reiterate costs related to power sources.
5. Capital Expenditure
16
End of FY 3/2026-1Q (A) | End of FY 3/2025 (B) | Difference (A-B) | ||
Interest-bearing debts | 3,244.9 | 3,181.3 | 63.6 | |
Bonds | 1,346.2 | 1,326.2 | 20.0 | |
Long-term borrowings | 1,789.2 | 1,752.5 | 36.6 | |
Short-term borrowings | 84.3 | 78.8 | 5.5 | |
Commercial paper | — | ー | — | |
Lease obligations | 25.0 | 23.6 | 1.4 | |
Breakdown of Interest-bearing debts
Interest rate
FY 3/2026-1Q
FY 3/2025
Average
0.89%
0.72%
Interest expense (Billions of yen)
(Billions of yen)
FY 3/2026-1Q | FY 3/2025-1Q | |
Interest expense | 6.3 | 2.9 |
6. Interest-bearing Debts, etc.
17
Operating revenues (Consolidated)
(Billions of yen)
Electricity sales volume
(Billions of kWh)
314.7
330.3
329.5
220.1
401.0
12.70
12.49
11.84
11.18
12.58
Total
1.98 2.08 1.88
1.92
2.62
Electricity sales volume to other power companies
Retail
10.73
10.41 9.96
9.27
9.97
electricity sales volume
FY 3/2022
1Q
FY 3/2023
1Q
FY 3/2024
1Q
FY 3/2025
1Q
FY 3/2026
1Q
FY 3/2022
1Q
FY 3/2023
1Q
FY 3/2024
1Q
FY 3/2025
1Q
FY 3/2026
1Q
Ordinary profit (Consolidated)
Profit (Consolidated)
23.3
26.8
-1.3
(Billions of yen)
(44.0)
37.3 33.9
(3.0) (12.0)
(-12.0) (-49.0)
-2.6
-31.3
82.6
(Billions of yen)
62.6
-26.7 | |||||||||
FY | FY | FY | FY | FY | FY | FY | FY | FY | FY |
3/2022 | 3/2023 | 3/2024 | 3/2025 | 3/2026 | 3/2022 | 3/2023 | 3/2024 | 3/2025 | 3/2026 |
1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q | 1Q |
*Values in parentheses ( ) denote the impact of the time lag due to the fuel cost adjustment amounts.
7. Operating Revenues and Profit Trends
18
(Billions of yen)
FY 3/2022 FY 3/2023 FY 3/2024 FY 3/2025 FY 3/2026
82.6 79.3
Level of ordinary profit excluding the effect of time lag due to the fuel cost adjustment system
28.7 37.3 28.0 28.7 34.3 33.9
8.1
17.1
3.4
-2.6
-30.9-36.4 -31.3-37.2
-55.4
1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q
8. Trends in Ordinary Profit by Quarter
19
Shareholders' equity ratio (Consolidated)
17.0%
Shareholders' equity ratio
16.2% 16.3%
Total assets
(Billions of yen)
11.1%
14.6%
3,566.9
Net assets
4,040.0 4,133.2 4,360.9 4,382.7
(Billions of yen)
608.4 455.4
613.4
705.8
712.8
FY 3/2022 FY 3/2023 FY 3/2024 FY 3/2025 FY 3/2026
1Q
Interest-bearing debts (Consolidated)
(Billions of yen)
3,244.9
3,181.3
3,022.0
3,004.2
2,527.7
FY 3/2022 FY 3/2023 FY 3/2024 FY 3/2025 FY 3/2026
0.48% | 0.49% | 0.59% | 0.72% | 0.89% |
Average interest rate during term (Non-Consolidated) 1Q
9-1. Financial Indicator Trends (1)
20
Cash flows (Consolidated)
110.2 Cash flows
from investing
activities
69.3
186.0
-62.5
-206.3
0.3
-62.6 -225.0
-172.7
-206.0
-172.8
-287.7 -358.8
Cash flows from operating activities
Free Cash Flow
271.3
(Billions of yen)
-202.0
FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024 FY 3/2025
EPS (Consolidated)/Dividends
273.70
40.42 50
40
35
27
EPS Dividend
0
-110.21
370.59
(Yen/share)
-431.30
FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024 FY 3/2025
9-2. Financial Indicator Trends (2)
21
PBR (Price book-value ratio)
(Multiple)
1.0
0.7
0.7
0.5
0.5
0.4
FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024 FY 3/2025
ROE (Return on equity)
ROE
ROE (Excluding the effect of the time lag of
(%)
2.2
0.9
2.3
13.5
15.0
14.4
-6.3
-12.2
the fuel cost adjustment system)
25.4
-29.5
FY 3/2021 FY 3/2022 FY 3/2023 FY 3/2024 FY 3/2025
9-3. Financial Indicator Trends (3)
22
We have announced the status of efforts to regain trust lost due to certain incidents.
Status of incident reoccurrence measures
https://www.energia.co.jp/corp/active/preventive/index.html (Japanese only)
Each year we create and publish an Action Plan (summary of the management plan) as an
effort toward achieving the Group Corporate Vision.
In light of the Japanese government’s declaration to achieve carbon neutrality by 2050, the Group has announced its initiatives for carbon neutrality by 2050.
Action Plan (summary of the management plan)
https://www.energia.co.jp/ir/irkeiei/gaiyou.html (Japanese only)
Chugoku Electric Power Group’s initiatives for carbon neutrality by 2050
https://www.energia.co.jp/tokusetu_site/carbon-neutral/index.html?topbnr=cn2050 (Japanese only)
Chugoku Electric Power Group Integrated Report
https://www.energia.co.jp/e/ir/report/annual.html
Chugoku Electric Power Group promotion of sustainability management
https://www.energia.co.jp/corp/esg/index.html (Japanese only)
Reference: The Group’s Initiatives
This document has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.
None of the information on this document is intended to solicit of induce purchase or selling of the Company’s stocks. Moreover Chugoku Electric makes no guarantees whatever regarding the contents of this website.
Persons considering investment in the Company should without fail read in advance the stock and bond reports and other financial literature issued by the Company, and make decisions on their own judgment. Though great care is exercised in the preparation of such literature, Chugoku Electric and the other information providers shall not be liable in any manner for any loss whatever incurred as a result of erroneous information contained therein or in this document.
Items in Chugoku Electric’s current plans and strategies, etc., published on this document which are not yet historical fact are projections concerning future performance and as such involve factors of risk and uncertainty which means that actual performance in the future may differ to a large extent from projections published here. Therefore Chugoku Electric does not guarantee the reliability of such projections.