Announcement of financial results for FY ended March 31,2026

April 30, 2026

Company name: The Kansai Electric Power Company, Incorporated Listing: Tokyo Stock Exchange

Securities code: 9503

URL: https://www.kepco.co.jp

Representative: Nozomu Mori Director, Representative Executive Officer, President

Inquiries: Koji Hasegawa General Manager, Office of Corporate Planning Telephone: +81-50-7105-9084

Scheduled date of annual general meeting of shareholders: June 25, 2026 Scheduled date to commence dividend payments: June 26, 2026 Scheduled date to file annual securities report: June 24, 2026

Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes (for analysts and institutional investors)

(Yen amounts are rounded down to millions, unless otherwise noted.)

1. Consolidated financial results for the fiscal year ended March 31, 2026 (from April 1, 2025 to March 31, 2026)
   1. Consolidated operating results (Percentages indicate year-on-year changes.)

      	Net sales		Operating profit		Ordinary profit		Profit attributable to owners of parent
      Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 4,056,638 4,337,111	% (6.5) 6.8	Millions of yen 437,556 468,877	% (6.7) (35.7)	Millions of yen 518,530 531,686	% (2.5) (30.6)	Millions of yen 380,051 420,364	% (9.6) (4.9)

      Note: Comprehensive income	For the fiscal year ended March 31, 2026:	¥	460,910 million [	(7.8) %]
      	For the fiscal year ended March 31, 2025:	¥	500,158 million [	(7.6) %]

      	Basic earnings per share	Diluted earnings per share	Rate of return on equity	Ordinary profit to total assets ratio	Operating profit to net sales ratio
      Fiscal year ended	Yen	Yen	%	%	%
      March 31, 2026	341.14	-	11.7	5.3	10.8
      March 31, 2025	436.09	-	15.7	5.7	10.8

      Reference: Share of profit (loss) of entities accounted for using equity method

      For the fiscal year ended March 31, 2026:	¥	33,671 million
      For the fiscal year ended March 31, 2025:	¥	25,477 million

   2. Consolidated financial position

      	Total assets	Net assets	Equity ratio	Net assets per share
      As of	Millions of yen	Millions of yen	%	Yen
      March 31, 2026	9,854,646	3,502,744	35.1	3,101.43
      March 31, 2025	9,652,655	3,107,452	31.8	2,752.01

      Reference: Equity

      As of March 31, 2026:	¥	3,455,174 million
      As of March 31, 2025:	¥	3,065,856 million

   3. Consolidated cash flows

   	Cash flows from operating activities	Cash flows from investing activities	Cash flows from financing activities	Cash and cash equivalents at end of period
   Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 652,381 575,299	Millions of yen (571,921) (342,353)	Millions of yen (290,219) 137,673	Millions of yen 741,286 941,432

2. Cash dividends

   	Annual dividends per share					Total cash dividends (Total)	Payout ratio (Consolidated)	Ratio of dividends to net assets (Consolidated)
   	First quarter-end	Second quarter-end	Third quarter-end	Fiscal year-end	Total
   	Yen	Yen	Yen	Yen	Yen	Millions of yen	%	%
   Fiscal year ended March 31, 2025	-	30.00	-	30.00	60.00	60,238	13.8	2.3
   Fiscal year ended March 31, 2026	-	30.00	-	45.00	75.00	83,616	22.0	2.6
   Fiscal year ending March 31, 2027 (Forecast)	-	40.00	-	40.00	80.00		28.7

3. Consolidated financial forecasts for the fiscal year ending March 31, 2027 (from April 1, 2026 to March 31, 2027)

(Percentages indicate year-on-year changes.)

1. Changes in accounting policies, changes in accounting estimates, and restatement

   1. Changes in accounting policies due to revisions to accounting standards and other regulations: None

   2. Changes in accounting policies due to other reasons: None

   3. Changes in accounting estimates: None

   4. Restatement: None

2. Number of issued shares (common shares)

   1. Total number of issued shares at the end of the period (including treasury shares)

      As of March 31, 2026	1,114,927,528 shares
      As of March 31, 2025	1,114,927,528 shares

   2. Number of treasury shares at the end of the period

      As of March 31, 2026	870,808 shares
      As of March 31, 2025	885,830 shares

   3. Average number of shares outstanding during the period

(Note) The Kansai Electric Power Company, Incorporated (the "Company" or "KEPCO") has adopted a BIP (Board Incentive Plan) Trust mechanism, and the number of shares of treasury stock at the end of the period includes the Company's shares held by the said trust account (516,856 shares as of March 31, 2026). Additionally, the Company's shares held by the said trust account are included in the treasury stock deducted in the calculation of the average number of shares during the period. For the number of shares used as the basis for calculating basic earnings per share (consolidated), please see the "Per share information" on page 21 of the attached documents.

1. Non-consolidated operating results (Percentages indicate year-on-year changes.)

   	Net sales		Operating profit		Ordinary profit		Profit
   Fiscal year ended March 31, 2026 March 31, 2025	Millions of yen 3,185,478 3,465,690	% (8.1) 7.9	Millions of yen 229,866 292,535	% (21.4) (38.6)	Millions of yen 311,771 387,653	% (19.6) (32.1)	Millions of yen 240,092 314,339	% (23.6) (3.2)

   	Basic earnings per share	Diluted earnings per share
   Fiscal year ended	Yen	Yen
   March 31, 2026	215.45	-
   March 31, 2025	326.00	-

2. Non-consolidated financial position

Reference: Equity

• Financial results reports are exempt from audit conducted by certified public accountants or an audit firm.

• Proper use of earnings forecasts, and other special matters (Caution regarding future statements, etc.)

Forecasts mentioned in this document are based on information currently available to the Company and certain assumptions that the Company considers reasonable, and actual performance may differ from the forecasts due to various factors. Please see the "(4) Outlook for the Next Period" on page 8 of the attached document for matters related to forecasts of consolidated financial results.

(How to obtain supplementary materials for financial statements)

Supplementary materials for financial statements (FY2025 Financial Report) will be posted on our website, April 30, 2026. (URL https://www.kepco.co.jp/english/corporate/ir/brief/earnings/)

(How to obtain financial results briefing materials)

The Company plans to hold a financial results briefing for analysts and institutional investors on May 1, 2026. The briefing materials will be posted on our website prior to the event.

(URL https://www.kepco.co.jp/english/corporate/ir/brief/jobfair/index.html)

The Attached Document (Table of Contents)

1. Overview of Operating results, etc. 2

   1. Overview of Operating Results 2

   2. Overview of Financial Position 6

   3. Overview of Cash Flows 7

   4. Outlook for the Next Period 8

   5. Basic policy on profit distribution and dividends for the current fiscal year and the next 9

2. Basic Policy on the Selection of Accounting Standards 9

3. Consolidated Financial Statements and Primary Notes 10

   1. Consolidated Balance Sheets 10

   2. Consolidated Statements of Income and Comprehensive Income 12

   3. Consolidated Statement of Changes in Equity 14

   4. Consolidated Statement of Cash Flows 18

   5. Notes regarding Consolidated Financial Statements 19

(Notes on the premise of Going Concern) 19

(Additional information) 19

(Segment information) 19

(Per share information) 21

(Significant Subsequent events) 22

1

1. Overview of Operating results, etc.

   1. Overview of Operating Results

      ① Consolidated Operating Results

      The Kansai Electric Power Group (the "Group") has consistently advanced the "KX (Kanden Transformation)" through efforts across the entire Group in the final year of its Medium-term Management Plan and largely achieved the financial targets set forth in the Plan.

      Total electricity sales volume (the sum of retail electricity sales and electricity sales to other companies) decreased by 2.5% compared with the previous fiscal year, to 152.2 TWh.

      On the revenue side, net sales decreased by ¥280,473 million (-6.5%) compared with the previous fiscal year, to ¥4,056,638 million, mainly due to a decrease in electricity sales revenue.

      On the expense side, operating expenses decreased by ¥249,152 million (-6.4%) compared with the previous fiscal year, to ¥3,619,081 million, mainly due to decreases in the cost of purchased power from other suppliers and thermal fuel costs.

      As a result, the consolidated operating results for the fiscal year ended March 31, 2026 were as follows:

      【Consolidated Operating Results】 (Millions of yen)

      	Fiscal year ended March 31		Change
      	2024	2025
      Net sales	4,337,111	4,056,638	(280,473)	(6.5) %
      Operating profit	468,877	437,556	(31,320)	(6.7) %
      Ordinary profit	531,686	518,530	(13,155)	(2.5) %
      Profit attributable to owners of parent	420,364	380,051	(40,312)	(9.6) %

      【Total electricity sales volume】 (GWh)

      			Fiscal year ended March 31		Change (%)
      			2024	2025
      Total electricity sales volume			156,044	152,191	97.5
      	Retail electricity sales volume		115,521	116,273	100.7
      		Residential	32,902	32,401	98.5
      		Commercial and Industrial	82,619	83,872	101.5
      	Electricity sales volume to other companies		40,523	35,918	88.6

      (Notes) 1. Out of the overall Energy Segment, figures under the total electricity sales volume are attributable to the Company.

2. Total electricity sales volume represents the amount of electricity as of the date of submission (April 30, 2026).

3. Due to rounding, totals may not equal the sum of individual figures.

2