Shikoku Electric Power Company, Incorporated TSE:9507

Shikoku Electric Power Incorporated : Announcement of FY2025 2nd Quarter Financial Results

Published

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.



October 30, 2025

Consolidated Financial Results

for the Six Months Ended September 30, 2025 (Under Japanese GAAP)

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 file semi-annual securities report: November 12, 2025 Scheduled date to commence dividend payments: November 28, 2025 Preparation of supplementary material on financial results: Yes

Holding of financial results briefing: Yes

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

  1. Consolidated financial results for the six months ended September 30, 2025 (from April 1, 2025 to September 30, 2025)

    1. Consolidated operating results (cumulative) (Percentages indicate year-on-year changes.)

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Six months ended

      September 30, 2025

      September 30, 2024

      Millions of yen

      384,870

      418,380

      %

      (8.0)

      4.4

      Millions of yen

      66,304

      53,581

      %

      23.7

      (18.1)

      Millions of yen

      66,309

      55,902

      %

      18.6

      (13.5)

      Millions of yen

      49,634

      41,303

      %

      20.2

      (15.3)

      Note: Comprehensive income For the six months ended September 30, 2025:

      ¥

      37,519 million [

      (22.4) %]

      For the six months ended September 30, 2024:

      ¥

      48,331 million [

      (9.5) %]

      Basic earnings per share

      Diluted earnings per share

      Six months ended

      Yen

      Yen

      September 30, 2025

      241.32

      -

      September 30, 2024

      200.82

      -

    2. Consolidated financial position

    Total assets

    Net assets

    Equity-to-asset ratio

    As of

    September 30, 2025

    March 31, 2025

    Millions of yen

    1,725,030

    1,687,484

    Millions of yen

    474,203

    440,843

    %

    27.3

    26.0

    Reference: Equity

    As of September 30, 2025:

    ¥

    471,331 million

    As of March 31, 2025:

    ¥

    438,017 million

  2. Cash dividends

    Annual dividends per share

    First quarter-end

    Second quarter-end

    Third quarter-end

    Fiscal year-end

    Total

    Yen

    Yen

    Yen

    Yen

    Yen

    Fiscal year ended March 31, 2025

    -

    20.00

    -

    20.00

    40.00

    Fiscal year ending March 31, 2026

    -

    25.00

    Fiscal year ending March 31, 2026

    (Forecast)

    -

    25.00

    50.00

    Note: Revisions to the forecast of cash dividends most recently announced: None

  3. Consolidated financial result forecasts for the fiscal year ending March 31, 2026 (from 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: Revisions to the financial result forecast most recently announced: None

* Notes

  1. Significant changes in the scope of consolidation during the period: None

  2. Adoption of accounting treatment specific to the preparation of semi-annual consolidated financial statements: Yes

  3. 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

  4. Number of issued shares (common shares)

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

      As of September 30, 2025

      207,528,202 shares

      As of March 31, 2025

      207,528,202 shares

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

      As of September 30, 2025

      1,845,869 shares

      As of March 31, 2025

      1,852,199 shares

    3. Average number of shares outstanding during the period (cumulative from the beginning of the fiscal year)

Six months ended September 30, 2025

205,678,790 shares

Six months ended September 30, 2024

205,669,410 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 (195,634 shares (2Q 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. (200,663 shares (2Q Fiscal 2025), 216,091 shares (2Q Fiscal 2024))

・Semi-annual financial results reports are exempt from review conducted by certified public accountants or an audit firm.

・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 October 30, 2025.

Semi-annual Consolidated Financial Statements 1.Semi-annual Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025 As of September 30, 2025

Assets

Non-current assets

1,341,083

1,377,877

Plant and equipment, and intangible assets

978,220

1,004,034

Hydroelectric power production facilities

63,270

62,490

Thermal power production facilities

136,842

128,854

Nuclear power production facilities

149,068

153,832

Transmission facilities

113,897

114,017

Transformation facilities

85,436

89,552

Distribution facilities

209,985

212,093

Other non-current assets

108,079

107,513

Construction and retirement in progress

32,557

58,056

Special account related to nuclear power decommissioning

30,139

27,533

Special account related to reprocessing of spent 48,942 50,089

nuclear fuel

Nuclear fuel

94,013

92,755

Loaded nuclear fuel

9,764

7,280

Nuclear fuel in processing

84,249

85,474

Investments and other assets

268,849

281,088

Long-term investments

52,180

55,286

Long-term investments in subsidiaries and

143,015

148,507

associates

Deferred tax assets

31,321

33,263

Retirement benefit asset

34,766

35,224

Other

7,763

9,002

Allowance for doubtful accounts

(198)

(196)

Current assets

346,400

347,152

Cash and deposits

130,192

116,484

Notes and accounts receivable - trade, and contract assets

102,649

89,784

Lease receivables and investments in leases

17,759

18,113

Inventories

42,070

43,252

Other

53,926

79,701

Allowance for doubtful accounts

(197)

(184)

Total assets

1,687,484

1,725,030

(Millions of yen) As of March 31, 2025 As of September 30, 2025

Liabilities

Non-current liabilities

1,001,988

1,053,649

Bonds payable

396,996

406,997

Long-term borrowings

433,800

476,300

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

16,475

Other

39,229

39,405

Current liabilities

244,652

197,177

Current portion of non-current liabilities

76,505

47,048

Notes and accounts payable - trade

56,435

44,305

Accrued taxes

25,931

27,919

Other

85,779

77,904

Total liabilities

1,246,640

1,250,826

Net assets

Shareholders' equity

400,612

446,122

Share capital

145,551

145,551

Capital surplus

3,598

3,598

Retained earnings

254,880

300,386

Treasury shares

(3,418)

(3,414)

Accumulated other comprehensive income

37,405

25,208

Valuation difference on available-for-sale securities

2,723

3,555

Deferred gains or losses on hedges

5,733

4,702

Foreign currency translation adjustment

14,775

9,361

Remeasurements of defined benefit plans

14,173

7,587

Non-controlling interests

2,825

2,872

Total net assets

440,843

474,203

Total liabilities and net assets

1,687,484

1,725,030

2.Semi-annual Consolidated Statements of Income and Comprehensive Income

Semi-annual Consolidated Statement of Income

(Millions of yen)

For the six months

For the six months

ended September 30, 2024

ended September 30, 2025

Operating revenue

418,380

384,870

Electric utility operating revenue

374,700

341,882

Other business operating revenue

43,680

42,987

Operating expenses

364,798

318,565

Electric utility operating expenses

327,667

282,502

Other business operating expenses

37,131

36,062

Cost of sales

30,228

28,694

Selling, general and administrative expenses

6,903

7,368

Operating profit

53,581

66,304

Non-operating income

6,009

3,983

Dividend income

644

727

Interest income

334

561

Foreign exchange gains

1,508

-

Share of profit of entities accounted for using equity method

2,992

1,805

Other

529

888

Non-operating expenses

3,687

3,978

Interest expenses

3,090

3,510

Other

597

467

Ordinary profit

55,902

66,309

Provision or reversal of reserve for water shortage

190

-

Provision of reserve for water shortage

190

-

Profit before income taxes

55,712

66,309

Income taxes

14,303

16,593

Profit

41,408

49,716

Profit attributable to non-controlling interests

105

82

Profit attributable to owners of parent

41,303

49,634

Semi-annual Consolidated Statement of Comprehensive Income

(Millions of yen)

For the six months ended September 30, 2024

For the six months ended September 30, 2025

Profit 41,408 49,716

Valuation difference on available-for-sale securities 2,347 574

Other comprehensive income

Foreign currency translation adjustment 6,117 (5,108)

Deferred gains or losses on hedges (1,397) 31

Share of other comprehensive income of entities

accounted for using equity method

2,211

(1,432)

Total other comprehensive income

6,923

(12,197)

Comprehensive income

48,331

37,519

Comprehensive income attributable to

Comprehensive income attributable to owners of 48,226 37,437

parent

Remeasurements of defined benefit plans, net of tax (2,355) (6,262)

Comprehensive income attributable to non-controlling interests

105 82