Shikoku Electric Power Company, Incorporated TSE:9507
Shikoku Electric Power Incorporated : Announcement of FY2025 1st Quarter Financial Results
Source: MarketScreener
Disclaimer: This is a Japanese-English translation of the summary of financial statements of the Company produced for your convenience. Since no auditor audited this report, officially only the Japanese version is assumed to be the summary of financial statements of the Company. This summary does not constitute any guarantee and will not compensate any losses and/or damage stemming from actions taken based on these statements. In the case that there is any discrepancy between the Japanese and English versions, the Japanese version is assumed to be correct.
Summary of Consolidated Financial Statements
for the First Quarter of Fiscal 2025 Ending March 31, 2026 [Japanese GAAP]
July 31, 2025
Company name: Shikoku Electric Power Company, Incorporated Listing: Prime Market of TSE
Securities code: 9507
URL: https://www.yonden.co.jp/
Representative: Yoshihiro Miyamoto Director and President
Inquiries: Tsukasa Manabe Manager of the Consolidated Accounting Team, Accounting & Finance Dept. E-mail: [email protected]
Scheduled date to commence dividend payments: -Preparation of supplementary material on financial results: Yes Holding of financial results briefing: No
(Yen amounts are rounded down to millions, unless otherwise noted.)
Consolidated Financial Results for the First Quarter of Fiscal 2025 Ending March 31, 2026 (April 1, 2025 to June 30, 2025)
Consolidated Operating Results (Percentages indicate year-on-year changes.)
Net sales
Operating profit
Ordinary profit
Profit attributable to owners of parent
Three months ended June 30, 2025
June 30, 2024
Millions of yen
175,644
186,854
%
(6.0)
3.2
Millions of yen
22,642
30,762
%
(26.4)
84.6
Millions of yen
22,656
31,764
%
(28.7)
104.9
Millions of yen
15,285
24,028
%
(36.4)
103.5
(Note) Comprehensive income:
Three months ended June 30, 2025:
¥
8,668 million [
(71.0) %]
Three months ended June 30, 2024:
¥
29,860 million [
151.3%]
Basic earnings per share
Diluted earnings per share
Three months ended
Yen
Yen
June 30, 2025
74.32
-
June 30, 2024
116.83
-
Consolidated Financial Position
Total assets
Net assets
Capital adequacy ratio
As of
June 30, 2025
March 31, 2025
Millions of yen
1,644,030
1,687,484
Millions of yen
445,345
440,843
%
26.9
26.0
(Reference) Equity: As of June 30, 2025:
¥
442,488 million
As of March 31, 2025:
¥
438,017 million
Dividends
Annual dividends
1st quarter-end
2nd quarter-end
3rd quarter-end
Year-end
Total
Fiscal year ended March 31, 2025
Fiscal year ending March 31, 2026
Yen
-
-
Yen
20.00
Yen
-
Yen
20.00
Yen
40.00
Fiscal year ending March 31, 2026
(Forecast)
25.00
-
25.00
50.00
(Note) Revision to the forecast for dividends announced most recently: No
Consolidated Financial Results Forecast for the Fiscal Year Ending March 31, 2026(April 1, 2025 to March 31, 2026)
(Percentages indicate year-on-year changes.)
Net sales | Operating profit | Ordinary profit | Profit attributable to owners of parent | Basic earnings per share | |||||
Full year | Millions of yen 800,000 | % (6.0) | Millions of yen 53,500 | % (39.9) | Millions of yen 53,000 | % (42.1) | Millions of yen 41,000 | % (40.0) | Yen 199.00 |
(Note) Revision to the financial results forecast announced most recently: No
* Notes:
Significant changes in the scope of consolidation during the period: No
Adoption of accounting treatment specific to the preparation of quarterly consolidated financial statements: Yes
Changes in accounting policies, changes in accounting estimates, and restatement
Changes in accounting policies due to revisions to accounting standards and other regulations: No
Changes in accounting policies due to other reasons: No
Changes in accounting estimates: No
Restatement: No
Number of issued shares (common shares)
Total number of issued shares at the end of the period (including treasury shares): June 30, 2025: 207,528,202 shares
March 31, 2025: 207,528,202 shares
Number of treasury shares at the end of the period:
June 30, 2025: 1,853,197 shares
March 31, 2025: 1,852,199 shares
Average number of shares outstanding during the period:
Three months ended June 30, 2025: 205,675,524 shares
Three months ended June 30, 2024: 205,661,519 shares
(Note)
We have introduced the Board Benefit Trust, and the total number of treasury shares at the end of the period includes our shares held by the trust account relating to the Board Benefit Trust (204,434 shares (1Q Fiscal 2025), 204,434 shares (Fiscal 2024)). In addition, our shares held by the trust account are included in the total number of treasury shares which are deducted in the calculation of the average number of shares. (204,434 shares (1Q Fiscal 2025), 224,834 shares (1Q Fiscal 2024))
・Review of the Japanese-language originals of the attached consolidated quarterly financial statements by certified public accountants or an audit firm: No
・After the audit firm has completed a review, we will disclose Summary of Consolidated Financial Statements for the First Quarter of Fiscal 2025 with the review report attached. (the Japanese version only)
・This document contains projections that were made based on information currently available and certain assumptions judged to be reasonable. There is a possibility that diverse factors may cause actual performance, etc., to differ materially from the projections.
・Supplementary materials will be posted on our web site on July 31, 2025.
Quarterly Consolidated Financial Statements 1.Quarterly Consolidated Balance Sheet
(Millions of yen)
As of March 31, 2025 As of June 30, 2025 | ||
Assets | ||
Non-current assets | 1,341,083 | 1,369,617 |
Plant and equipment, and intangible assets | 978,220 | 1,003,477 |
Hydroelectric power production facilities | 63,270 | 62,864 |
Thermal power production facilities | 136,842 | 132,480 |
Nuclear power production facilities | 149,068 | 146,330 |
Transmission facilities | 113,897 | 114,750 |
Transformation facilities | 85,436 | 86,798 |
Distribution facilities | 209,985 | 211,088 |
Other non-current assets | 108,079 | 108,441 |
Construction and retirement in progress | 32,557 | 61,795 |
Special account related to nuclear power decommissioning | 30,139 | 28,836 |
Special account related to reprocessing of spent 48,942 50,089 nuclear fuel | ||
Nuclear fuel | 94,013 | 93,788 |
Loaded nuclear fuel | 9,764 | 8,507 |
Nuclear fuel in processing | 84,249 | 85,280 |
Investments and other assets | 268,849 | 272,352 |
Long-term investments | 52,180 | 54,034 |
Long-term investments in subsidiaries and | 143,015 | 143,076 |
associates | ||
Deferred tax assets | 31,321 | 32,089 |
Retirement benefit asset | 34,766 | 34,818 |
Other | 7,763 | 8,524 |
Allowance for doubtful accounts | (198) | (191) |
Current assets | 346,400 | 274,412 |
Cash and deposits | 130,192 | 60,426 |
Notes and accounts receivable - trade, and contract assets | 102,649 | 82,440 |
Lease receivables and investments in leases | 17,759 | 17,988 |
Inventories | 42,070 | 43,398 |
Other | 53,926 | 70,333 |
Allowance for doubtful accounts | (197) | (175) |
Total assets | 1,687,484 | 1,644,030 |
(Millions of yen)
As of March 31, 2025 As of June 30, 2025
Liabilities | ||
Non-current liabilities | 1,001,988 | 1,001,211 |
Bonds payable | 396,996 | 384,496 |
Long-term borrowings | 433,800 | 446,300 |
Contribution payable for nuclear reactor decommissioning
114,471
114,471
Provision for loss on business of subsidiaries and associates | 595 | - |
Retirement benefit liability | 16,896 | 16,640 |
Other | 39,229 | 39,303 |
Current liabilities | 244,652 | 197,473 |
Current portion of non-current liabilities | 76,505 | 72,011 |
Notes and accounts payable - trade | 56,435 | 41,907 |
Accrued taxes | 25,931 | 13,847 |
Other | 85,779 | 69,707 |
Total liabilities | 1,246,640 | 1,198,684 |
Net assets | ||
Shareholders' equity | 400,612 | 411,767 |
Share capital | 145,551 | 145,551 |
Capital surplus | 3,598 | 3,598 |
Retained earnings | 254,880 | 266,037 |
Treasury shares | (3,418) | (3,420) |
Accumulated other comprehensive income | 37,405 | 30,720 |
Valuation difference on available-for-sale securities | 2,723 | 3,044 |
Deferred gains or losses on hedges | 5,733 | 5,223 |
Foreign currency translation adjustment | 14,775 | 11,705 |
Remeasurements of defined benefit plans | 14,173 | 10,746 |
Non-controlling interests | 2,825 | 2,857 |
Total net assets | 440,843 | 445,345 |
Total liabilities and net assets | 1,687,484 | 1,644,030 |
2.Quarterly Consolidated Statements of Income and Comprehensive Income
Quarterly Consolidated Statement of Income | ||
(Millions of yen) | ||
Three months ended | Three months ended | |
June 30, 2024 | June 30, 2025 | |
Operating revenue | 186,854 | 175,644 |
Electric utility operating revenue | 165,372 | 153,709 |
Other business operating revenue | 21,482 | 21,934 |
Operating expenses | 156,092 | 153,001 |
Electric utility operating expenses | 137,741 | 134,445 |
Other business operating expenses | 18,350 | 18,556 |
Cost of sales | 14,762 | 14,694 |
Selling, general and administrative expenses | 3,587 | 3,862 |
Operating profit | 30,762 | 22,642 |
Non-operating income | 2,697 | 1,837 |
Dividend income | 239 | 658 |
Interest income | 167 | 249 |
Foreign exchange gains | 669 | - |
Share of profit of entities accounted for using equity method | 1,286 | 671 |
Other | 334 | 258 |
Non-operating expenses | 1,695 | 1,823 |
Interest expenses | 1,532 | 1,713 |
Other | 163 | 110 |
Ordinary profit | 31,764 | 22,656 |
Provision or reversal of reserve for water shortage | 337 | - |
Provision of reserve for water shortage | 337 | - |
Profit before income taxes | 31,426 | 22,656 |
Income taxes | 7,343 | 7,303 |
Profit | 24,083 | 15,353 |
Profit attributable to non-controlling interests | 54 | 68 |
Profit attributable to owners of parent | 24,028 | 15,285 |