Chugoku Electric Power Co., Inc. TSE:9504

Chugoku Electric Power : Supporting Document of FY 3/2026-2Q Financial Results

Published

Source: MarketScreener

Supporting document of FY 3/2026-2Q financial results

The Summary ofFinancial Results for FY 3/2026-2Q(April 1 through September 30, 2025)

The Chugoku Electric Power Co., Inc.

October 31, 2025

In this report, the term Fiscal Year 3/2026 refers to the period between April 1, 2025 and March 31, 2026.

  1. Financial Results for FY 3/2026-2Q ・・・・・・ ① ～ ⑦

  2. Financial Results Forecast and Dividend Policy for FY 3/2026

(Reference) Summary of Financial

Results for FY 3/2026-2Q

・・・・・・ Ⓑ ～ ⑰

・・・・・・ ⑱

(Reference) Supplemental Data ・・・・・・ ⑲ ～ ㉛

Contents

I. Financial Results for FY 3/2026-2Q

  1. Summary of Consolidated Financial Results １

    • Operating revenues fell by ¥15.6 billion year on year to ¥726.2 billion due to the factors such as the revisions in the standard electricity rate plan for high voltage and extra-high voltage and a decline in fuel cost adjustment amounts in conjunction with falling fuel prices, despite an increase in retail electricity sales volume.

    • Operating profit increased by ¥21.0 billion year on year to ¥90.9 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 including non-operating profit/loss such as interest paid increased by

      ¥19.1 billion year on year to ¥84.5 billion.

    • Profit attributable to owners of parent after recording extraordinary income and deducting

income taxes increased by ¥13.0 billion year on year to ¥64.7 billion.

(Billions of yen)

FY 3/2026-2Q (A)

FY 3/2025-2Q (B)

Difference (A-B)

YoY growth (A-B)/B

Operating revenues

726.2

741.9

-15.6

-2.1%

Operating profit

90.9

69.8

21.0

30.1%

Ordinary profit

84.5

65.4

19.1

29.2%

Profit attributable to

owners of parent

64.7

51.6

13.0

25.3%

(Billions of yen)

FY 3/2026-2Q

（A）

FY 3/2025-2Q

（B）

Difference

（A-B）

Ordinary revenues

741.6

752.1

-10.4

Operating revenues

726.2

741.9

-15.6

Non-operating income

15.4

10.2

5.1

Ordinary expenses

657.1

686.7

-29.5

Operating expenses

635.3

672.0

-36.6

Non-operating expenses

21.8

14.7

7.1

Operating profit

90.9

69.8

21.0

Ordinary profit

84.5

65.4

19.1

Extraordinary income

(Note1)

4.3

(Note1)

12.1

-7.7

Extraordinary losses

—

7.0(Note2)

-7.0

Income taxes

24.1

18.9

5.2

Profit attributable to owners of parent

64.7

51.6

13.0

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

２

Consolidated Ordinary Profit +19.1 billion

FY

3/2025-2Q

FY

3/2026-2Q

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

３

（Billions of yen）

100

Time lag

of the fuel cost

Increase in the total electricity sales volume

7.0

Decrease in ordinary profit of Chugoku Electric Power Transmission & Distribution Company

-14.0

4.3

80 adjustment system

11.0

60

11.0

Increase in nuclear power operations

-0.2

Increased competition (wholesale and retail businesses )

Decrease in supply and demand adjustment

Others

40

65.4

20

FY 3/2025-2Q :

Approx. + 5.0 billion FY 3/2026-2Q :

Approx. +16.0 billion

transactions, etc.

84.5

0

【60.4】

Figures in square brackets 【】 represent the profit excluding the effects of any time lag of the fuel cost adjustment system.

【68.5】

（Billions of kWh）

FY 3/2026-2Q

（A）

FY 3/2025-2Q

（B）

Difference

（A-B）

YoY growth (A-B)/B

Total electricity sales volume

28.55

24.76

3.79

15.3%

Retail electricity sales volume

Lighting

6.81

6.91

-0.10

-1.4%

Power

15.37

13.36

2.02

15.1%

Subtotal

22.19

20.27

1.92

9.5%

Electricity sales volume to other power companies

6.36

4.49

1.87

41.6%

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

４

  • Total electricity sales volume increased by 15.3% year on year to 28.55 billion kWh.

  • Retail electricity sales volume increased by 9.5% year on year to 22.19 billion kWh.

  • Electricity sales volume to other power companies increased by 41.6% year on year

to 6.36 billion kWh.

（Billions of kWh）

FY 3/2026-2Q

（A）

FY 3/2025-2Q

（B）

Difference

（A-B）

YoY growth

(A-B)/B

Generated and received electricity

30.64

26.57

4.07

15.3%

Generated by Chugoku Electric Power

18.09

13.51

4.57

33.8%

(Water flow rate)

Hydroelectric

(85.8%)

1.91

(94.8%)

1.86

(-9.0%)

0.05

2.9%

Thermal

12.41

11.61

0.8

6.9%

(Capacity factor)

Nuclear

（102.0%）

3.67

（ － ）

—

（102.0%）

3.67

—

New energy sources

0.10

0.05

0.04

80.3%

Received from other companies

13.55

13.66

-0.11

-0.8%

Power used for water pumping

-1.00

-0.60

-0.40

65.7%

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

５

  • Generated and received electricity increased by 15.3% year on year to 30.64 billion kWh.

  • Our own thermal power generation increased due to factors such as the rise in total electricity sales volume.

  • Nuclear power generation increased as a result of the operation of Shimane Nuclear Power

Station Unit 2.

6. Summary of Segment Information ６

  • In the comprehensive energy business, revenues decreased due to the factors such as the revisions in the standard electricity rate plan for high voltage and extra-high voltage and a decline in fuel cost adjustment amounts in conjunction with falling fuel prices, despite an increase in retail electricity sales volume. 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, operating profit increased primarily due to an increase in standard connection and wheeling revenue, as well as increased profit from settlements among general electricity transmission and distribution utilities, despite an increase in maintenance

    expenses.

    (Billions of yen)

    FY 3/2026-2Q

    （A）

    FY 3/2025-2Q

    （B）

    Difference

    （A-B）

    Comprehensive energy

    Operating revenues

    667.7

    689.1

    -21.4

    Operating profit

    74.8

    52.4

    22.3

    Power transmission

    and distribution

    Operating revenues

    237.5

    253.0

    -15.5

    Operating profit

    15.1

    14.6

    0.4

    Information and tele-

    communications

    Operating revenues

    22.9

    21.9

    0.9

    Operating profit

    1.9

    2.4

    -0.4

    Others

    Operating revenues

    44.0

    48.8

    -4.7

    Operating profit

    0.1

    2.0

    -1.8

    Adjustment

    Operating revenues

    (-246.1)

    (-271.2)

    (25.1)

    Operating profit

    (-1.2)

    (-1.7)

    (0.4)

    Total

    Operating revenues

    726.2

    741.9

    -15.6

    Operating profit

    90.9

    69.8

    21.0

    • Key factors

FY 3/2026-2Q

(A)

FY 3/2025-2Q (B)

Difference (A-B)

Exchange rate (¥/$)

146

153

-7

All Japan CIF crude oil price （$/b)

73.7

86.7

-13.0

All Japan CIF imported coal price ($/t)

119.7

155.2

-35.5

Nuclear capacity factor (%)

102.0

ー

102.0

Note: Crude oil and imported coal CIF prices are preliminary figures for FY 3/2026-2Q.

7. Key Factors

７

II. Financial Results Forecast and Dividend Policy for FY 3/2026

（Billions of yen)

FY 3/2026

(Revised forecast)

（A）

FY 3/2026

(Previous forecast

/ April 2025)

（B）

Difference

(A-B)

Operating revenues

1,400.0

1,400.0

-

Operating profit

115.0

95.0

20.0

Ordinary profit

100.0

85.0

15.0

Profit attributable to owners of parent

81.0

65.0

16.0

【Reference】

FY 3/2025

1,529.2

129.1

128.5

98.4

Shareholders' equity ratio

Approx. 16.6% (Approx. 19%(Note))

Approx. 16.5% (Approx. 18.8%(Note))

16.2% (18.5%(Note))

Note: 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.

1. Summary of Consolidated Financial Results Forecast

８

  • Profit is expected to increase compared with the previous forecast mainly due to improvement in supply and demand-related profit and an increase in the profit from the time lag of the fuel cost adjustment system.

Previous forecast

Consolidated Ordinary Profit +15.0 billion

Revised forecast

（Billions of yen）

125

100

8.0

Improvement in supply

Increase in operating profit in the power transmission

and distribution business

5.0 -1.0

Others

3.0

75

50

85.0

25

0

and demand-related profit

Difference in demand composition +15.0 billion

Difference in power generation composition - 7.0 billion, etc.

Time lag of the fuel cost adjustment system

Previous forecast : Approx. +10.0 billion Revised forecast : Approx. +13.0 billion

100.0

【75.0】 【87.0】

Figures in square brackets 【】 represent the profit excluding the effects of any time lag of the fuel cost adjustment system.

2. Factors Affecting Consolidated Ordinary Profit

(Compared to previous forecast)

９

  1. Financial Results Forecast by Segment (Compared to previous forecast) 10

    • In the comprehensive energy business, profit is expected to increase compared with the previous forecast mainly due to improvement in supply and demand-related profit and an increase in the profit from the time lag of the fuel cost adjustment system.

    • In the power transmission and distribution business, profit is expected to increase compared with the previous forecast mainly due to an increase in standard connection and wheeling revenue and a decrease in expenses related to supply and demand adjustments.

（Billions of yen）

FY 3/2026

(Revised forecast)

（A）

FY 3/2026

(Previous forecast

/ April 2025)

（B）

Difference (A-B)

【Reference】

FY 3/2025

Comprehensive energy

Operating revenues

Approx. 1,300.0

Approx. 1,320.0

-20.0

1,408.0

Operating profit

Approx. 95.0

Approx. 80.0

15.0

95.1

Power transmission and distribution

Operating revenues

Approx. 430.0

Approx. 410.0

20.0

511.5

Operating profit

Approx. 15.0

Approx. 10.0

5.0

25.2

Information and telecommunications

Operating revenues

Approx. 47.0

Approx. 47.0

-

49.4

Operating profit

Approx. 4.0

Approx. 4.0

-

4.7

Others

Operating revenues

Approx. 105.0

Approx. 105.0

-

110.5

Operating profit

Approx. 3.0

Approx. 3.0

-

7.5

Adjustment

Operating revenues

(Approx. -482.0)

(Approx. -482.0)

-

(-550.3)

Operating profit

(Approx. -2.0)

(Approx. -2.0)

-

(-3.4)

Total

Operating revenues

Approx. 1,400.0

Approx. 1,400.0

-

1,529.2

Operating profit

Approx. 115.0

Approx. 95.0

20.0

129.1

FY

3/2025

Consolidated Ordinary Profit -28.5 billion

FY 3/2026

Forecast

（Billions of yen）

200

Increase in

Increase in the

Decrease in operating profit

total electricity

nuclear power

in the power

150

operations

sales volume

transmission and

2.0

15.0 10.0

distribution business

-22.0

-10.2

100

50

0

128.5

Time lag of the fuel cost adjustment system

FY 3/2025 : Approx. +11.0 billion FY 3/2026 : Approx. +13.0 billion

Increased competition

(wholesale and retail

businesses )

Decrease in supply and demand adjustment transactions, etc.

-23.3

Others

100.0

【117.5】 【87.0】

Figures in square brackets 【】 represent the profit excluding the effects of any time lag of the fuel cost adjustment system.

Reference (Factors Affecting Consolidated Ordinary Profit

(Compared to FY 3/2025) )

11

  • Both ROIC and ROE are expected to increase, as profits are projected to rise compared to the previous forecast.

ROIC

（excluding impacts from time lag of the fuel cost adjustment system）

ROE

（excluding impacts from time lag of the fuel cost adjustment system）

3.0%

2.5%

2.0%

1.5%

1.0%

0.5%

0.0%

2.5%

Approx.

1.7%

Approx.

1.9%

WACC

1.4％

FY 3/2025 FY 3/2026

(Previous

forecast)

FY 3/2026

(Revised

forecast)

16.0%

14.0%

12.0%

10.0%

8.0%

6.0%

4.0%

2.0%

0.0%

14.4%

Costof

shareholder’s

equity6.3％

Approx.

7.6%

Approx.

9.3%

FY 3/2025 FY 3/2026

(Previous

forecast)

FY 3/2026

(Revised

forecast)

Note 1 : Invested capital for ROIC and shareholder’s equity for ROE are calculated based on averages at the beginning and end of the period. Note 2 : The profit used for ROIC calculation is business profit (after tax), which is operating profit plus dividend income, etc.

Note 3 : WACC and cost of shareholder’s equity have been calculated based on CAPM.

Note 4 : Beta value of 0.81 (for Chugoku Electric in FY 3/2025), market risk premium of 6.5%.

4-1. Capital Efficiency (ROIC・ROE)

12

FY 3/2026

(Revised forecast)

FY 3/2025

Operating profit (Billions of yen)

ROIC

Operating profit (Billions of yen)

ROIC

Comprehensive energy

Approx. 95.0

[Approx. 80.0]

Approx. 2.4％

[Approx. 2.1％]

Approx. 95.1

2.6％

Power transmission and distribution

Approx. 15.0

[Approx. 10.0]

Approx. 1.0％

[Approx. 0.7％]

Approx. 25.2

1.8％

Information and telecommunications

Approx. 4.0

[Approx. 4.0]

Approx. 4.9％

[Approx. 4.9％]

Approx. 4.7

5.7％

Note 1 : ROIC of comprehensive energy is calculated excluding impacts from time lag of the fuel cost adjustment system. Note 2 : Figures in [ ] are previous forecasts announced on April 30, 2025.

Note 3 : Invested capital for ROIC is calculated based on averages at the beginning and end of the period.

Note 4 : The profit used for ROIC calculation is business profit (after tax), which is operating profit plus dividend income, etc.

4-2. Capital Efficiency (ROIC by Segment)

13

  • Compared with the previous forecast, profit is expected to increase mainly due to improvement in supply and demand-related profit, an increase in the profit from the time lag of the fuel cost adjustment system, and improvement in the profit from the power transmission and distribution business.

  • We will thoroughly manage risks associated with profit fluctuations such as increases in procurement costs of materials and equipment due to rising prices, as well as potential impacts on electricity demand from winter temperatures and

U.S. tariff measures, in addition to fluctuations in exchange rates and fuel prices going forward. We will also work to achieve further profit growth by ensuring stable operation of the Shimane Nuclear Power Station, capturing earnings opportunities through market utilization, and improving efficiency across overall management.

5. Stance Regarding Financial Results Forecast

14

FY 3/2026

(Revised forecast) (A)

FY 3/2026

(Previous forecast

/ April 2025)

(B)

Difference (A-B)

Total electricity sales volume (Billions of kWh)

57.5

57.4

0.1

Exchange rate (¥/$)

148

145

3

All Japan CIF crude oil price ($/b）

70

75

-5

Nuclear capacity factor (%)

86

86

-

【Reference】

FY 3/2025

51.75

153

82.4

27.6

Note 1: The total electricity sales volume is the sum of the retail electricity sales volume and the electricity sales volume to other power

companies by Chugoku Electric Power.

Note 2: The total electricity sales volume does 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.

  • Impact of fluctuations in factors on cost of raw materials

（Billions of yen）

FY 3/2026

(Revised forecast)

(A)

FY 3/2026

(Previous forecast

/ April 2025)

(B)

Difference (A-B)

Exchange rate

(¥1/$)

1.9

2.0

-0.1

All Japan CIF crude oil price

($1/b)

1.5

1.3

0.2

Water flow rate

(1%)

0.3

0.3

-

Nuclear capacity factor

(1%)

0.7

0.7

-

【Reference】

FY 3/2025

2.1

1.5

0.4

0.9

6. Key Factors

15

《Dividends》 （Dividends per share）

FY 3/2026

FY 3/2025

Interim

¥10

¥5

Year-end

¥17 (Forecast)

¥22

Total

¥27 (Forecast)

¥27

7-1. Dividend Policy (For FY 3/2026)

16

  • Based on the dividend policy announced in April 2025, with the basic dividend ratio of 12% as a guide, the annual dividend for FY 3/2026 has been revised at ¥27 per share.

  • The Board of Directors resolved at a meeting held today to pay an interim dividend of

¥10 per share, while the year-end dividend forecast has been revised ¥17 per share.

7-2. Dividend Policy (For FY 3/2027 and beyond)

17

  • In formulating the Chugoku Electric Power Group Corporate Vision 2040, from the perspective of enhancing alignment with our financial strategy and improving the predictability of dividends, we will revise our dividend policy from FY 3/2027 and introduce the DOE (dividend on equity) approach.

(Reference) Summary of Financial Results for FY 3/2026-2Q

FY 3/2026-2Q

FY 3/2025-2Q

Overview of financial

results

Decrease in revenue（-15.6） Increase in profit （+19.1） for the first time in 5 years

Decrease in revenue（-99.6） Decrease in profit （-96.5） for the first time in 3 years

Operating revenues

726.2

741.9

Operating profit

90.9

69.8

Ordinary profit

84.5

65.4

Profit attributable to owners of parent

64.7

51.6

  • Consolidated Statements of Operations

  • Consolidated Balance Sheets

（Billions of yen）

（Billions of yen）

FY 3/2026-2Q

FY 3/2025

Total assets

4,578.5

4,360.9

Net assets

747.7

705.8

Shareholders’ equity ratio

16.4％

（18.6%(Note 2) ）

16.2％

（18.5%(Note 2) ）

Interest-bearing debts

3,364.5

3,181.3

Note 1: Increases/decreases in profit in the overview of financial results are based on ordinary profit.

Note 2: 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) 18

(Reference) Supplemental Data

(Billions of yen)

FY 3/2026-2Q (A)

FY 3/2025-2Q (B)

Difference (A-B)

Cash flows

from operating activities

133.2

48.1

85.1

Cash flows

from investing activities

-103.5

-168.9

65.3

Free Cash Flow

29.6

-120.8

150.5

Cash flows

from financing activities

172.0

113.8

58.2

Cash and cash equivalents

(increase and decrease)

201.1

-6.2

1. Summary of Cash Flows

19

FY 3/2026-2Q (A)

FY 3/2025-2Q (B)

Difference

（A-B）

Ordinary revenues

662.6

680.5

-17.8

Operating revenues

641.2

657.4

-16.1

Electricity sales revenue

471.8

461.6

10.2

Others

169.4

195.8

-26.3

Non-operating income

21.4

23.1

-1.7

Ordinary expenses

588.1

624.8

-36.6

Operating expenses

569.8

610.9

-41.1

Personnel

21.4

21.7

-0.2

Retirement allowances

0.1

0.4

-0.3

Material

279.3

331.5

-52.1

Fuel

114.0

124.2

-10.1

Purchased power

165.2

207.3

-42.0

Maintenance

23.4

29.1

-5.7

Depreciation

39.9

26.2

13.6

Back-end of nuclear power

8.7

0.7

8.0

Transmission fees of connected supply

130.7

129.0

1.6

Others

66.1

72.5

-6.3

Non-operating expenses

18.2

13.8

4.4

Ordinary profit

(Operating profit)

74.5

（71.3）

55.7

（46.4）

18.7

（24.9）

Provision or reversal of reserve for water shortage

—

—

—

Extraordinary income

4.3

12.1

-7.7

Extraordinary losses

—

7.0

-7.0

Income taxes, etc.

19.7

13.5

6.1

Profit

59.2

47.3

11.9

2-1. Income Statement

20

(Billions of yen)

(Billions of yen)

FY 3/2026-2Q

（A）

FY 3/2025-2Q

（B）

Difference

（A-B）

Ordinary revenues

237.3

253.0

-15.6

Operating revenues

236.6

252.0

-15.3

Transmission revenue

163.6

170.0

-6.3

Others

72.9

81.9

-9.0

Non-operating income

0.7

1.0

-0.3

Ordinary expenses

225.3

240.7

-15.3

Operating expenses

221.6

237.6

-15.9

Personnel

22.6

22.3

0.3

Retirement allowances

0.3

0.5

-0.2

Material

89.2

107.9

-18.7

Fuel

1.3

1.6

-0.2

Purchased power, etc.

87.8

106.3

-18.4

Maintenance

31.1

28.4

2.7

Depreciation

21.6

20.7

0.8

Others

57.0

58.1

-1.1

Non-operating expenses

3.7

3.1

0.5

Ordinary profit (Operating profit)

11.9

（15.0）

12.2

（14.3）

-0.2

（0.6）

Income taxes, etc.

2.9

3.2

-0.3

Profit

9.0

8.9

0.0

＜Reference＞Electricity demand in the Chugoku region

（Billions of kWh）

FY 3/2026-2Q

FY 3/2025-2Q

Difference

27.09

27.15

-0.06

2-2. Income Statement

21

  • FY 3/2026-2Q (Billions of kWh)

    Apr.

    May

    Jun.

    Jul.

    Aug.

    Sep.

    Total

    Oct.

    Nov.

    Dec.

    Jan.

    Feb.

    Mar.

    Total electricity sales volume

    4.21

    (5.9%)

    3.94

    (9.8%)

    4.44

    (22.4%)

    5.13

    (22.4%)

    5.50

    (14.1%)

    5.33

    (16.9%)

    28.55

    (15.3%)

    —

    —

    —

    —

    —

    —

    Lighting

    1.19

    0.95

    0.90

    1.11

    1.38

    1.28

    6.81

    —

    —

    —

    —

    —

    —

    Retail

    (-1.9%)

    (-4.5%)

    (-1.1%)

    (11.3%)

    (-3.6%)

    (-6.1%)

    (-1.4%)

    Power

    —

    —

    —

    —

    —

    —

    electricity

    sales volume

    2.28

    (6.8%)

    2.24

    (13.5%)

    2.41

    (17.7%)

    2.79

    (19.9%)

    2.83

    (15.6%)

    2.83

    (16.4%)

    15.37

    (15.1%)

    Subtotal

    3.47

    3.19

    3.31

    3.90

    4.21

    4.11

    22.19

    —

    —

    —

    —

    —

    —

    (3.7%)

    (7.5%)

    (12.0%)

    (17.3%)

    (8.5%)

    (8.3%)

    (9.5%)

    Electricity sales

    volume to other power

    companies

    0.74

    (18.1%)

    0.75

    (20.8%)

    1.13

    (68.5%)

    1.24

    (41.6%)

    1.29

    (37.0%)

    1.22

    (59.5%)

    6.36

    (41.6%)

    —

    —

    —

    —

    —

    —

    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.

    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

    29.8

    29.7

    27.0

    —

    —

    —

    —

    —

    —

    Difference from average year

    0.7

    0.0

    1.5

    2.6

    1.2

    2.3

    —

    —

    —

    —

    —

    —

    Difference from previous year

    -2.0

    0.0

    1.2

    0.9

    -1.0

    -1.8

    —

    —

    —

    —

    —

    —

    3.Monthly Change in Total Electricity Sales Volume

    22

    FY 3/2025-2Q

    ProfitApprox. 5.0 billion yen

    Average fuel price

    (refer to fuel prices 3-5 months ago)

    軸ラベル

    FY 3/2026-2Q

    ProfitApprox. 16.0 billion yen

    Fuel procurement price

    4/2024

    10/2024

    4/2025

    10/2025

    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).

    4.Time Lag of the Fuel Cost Adjustment System（Image Diagram） 23

    1. Procurement volume (Note 1)

      Unit

      FY 3/2026-2Q (A)

      FY 3/2025-2Q (B)

      Difference (A-B)

      Fuel oil

      million litters

      60

      40

      20

      Coal (Note 2)

      thousand tons

      2,890

      2,760

      130

      LNG (Note 2)

      thousand tons

      590

      750

      -160

      Note 1: The impact of inventories included Note 2 :Sales included

    2. Consumption volume

Unit

FY 3/2026-2Q (A)

FY 3/2025-2Q (B)

Difference (A-B)

Fuel oil

million litters

50

40

10

Coal

thousand tons

2,720

2,340

370

LNG

thousand tons

500

560

-60

5. Procurement and Consumption of Fuel

24