Shikoku Electric Power Company, Incorporated TSE:9507

Shikoku Electric Power Incorporated : Announcement of FY2025 3rd 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.



January 30, 2026

Consolidated Financial Results

for the Nine Months Ended December 31, 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 commence dividend payments: -

Preparation of supplementary material on financial results: Yes Holding of financial results briefing: None

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

  1. Consolidated financial results for the nine months ended December 31, 2025 (from April 1, 2025 to December 31, 2025)

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

      Net sales

      Operating profit

      Ordinary profit

      Profit attributable to owners of parent

      Nine months ended

      December 31, 2025

      December 31, 2024

      Millions of yen

      561,030

      617,990

      %

      (9.2)

      6.9

      Millions of yen

      65,336

      65,335

      %

      0.0

      (16.8)

      Millions of yen

      65,344

      67,395

      %

      (3.0)

      (14.0)

      Millions of yen

      48,228

      49,555

      %

      (2.7)

      (12.0)

      Note: Comprehensive income For the nine months ended December 31, 2025:

      ¥

      37,607 million

      [

      (18.8) %]

      For the nine months ended December 31, 2024:

      ¥

      46,316 million

      [

      (27.4) %]

      Basic earnings per share

      Diluted earnings per share

      Nine months ended

      Yen

      Yen

      December 31, 2025

      234.48

      -

      December 31, 2024

      240.94

      -

    2. Consolidated financial position

    Total assets

    Net assets

    Equity-to-asset ratio

    As of

    December 31, 2025

    March 31, 2025

    Millions of yen

    1,715,879

    1,687,484

    Millions of yen

    469,127

    440,843

    %

    27.2

    26.0

    Reference: Equity

    As of December 31, 2025:

    ¥

    466,195 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

    Fiscal year ended March 31, 2025

    Fiscal year ending March 31, 2026

    Yen

    -

    -

    Yen

    20.00

    25.00

    Yen

    -

    -

    Yen

    20.00

    Yen

    40.00

    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

Millions of

yen

770,000

%

Millions of

yen

68,500

%

Millions of

yen

68,000

%

Millions of

yen

52,000

%

Yen

Full year

(9.6)

(23.1)

(25.8)

(23.9)

253.00

Note1: Revisions to the financial result forecast most recently announced: Yes

Note2: Please refer to the "Notice Concerning Revisions to Full-Year Financial Results Forecasts" for details of the revisions to the consolidated financial result forecasts.

* Notes

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

  2. Adoption of accounting treatment specific to the preparation of quarterly 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 December 31, 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 December 31, 2025

      1,847,511 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)

Nine months ended December 31, 2025

205,679,558 shares

Nine months ended December 31, 2024

205,672,146 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 (3Q 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. (199,154 shares (3Q Fiscal 2025), 212,594 shares (3Q 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 "Consolidated Financial Results for the Nine Months Ended December 31, 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 January 30, 2026.

Quarterly Consolidated Financial Statements 1.Quarterly Consolidated Balance Sheet

(Millions of yen)

As of March 31, 2025 As of December 31, 2025

Assets

Non-current assets

1,341,083

1,396,889

Plant and equipment, and intangible assets

978,220

1,015,554

Hydroelectric power production facilities

63,270

62,015

Thermal power production facilities

136,842

128,876

Nuclear power production facilities

149,068

151,684

Transmission facilities

113,897

115,192

Transformation facilities

85,436

90,803

Distribution facilities

209,985

213,688

Other non-current assets

108,079

116,555

Construction and retirement in progress

32,557

60,417

Special account related to nuclear power decommissioning

30,139

26,230

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

nuclear fuel

Nuclear fuel

94,013

92,760

Loaded nuclear fuel

9,764

13,516

Nuclear fuel in processing

84,249

79,244

Investments and other assets

268,849

288,574

Long-term investments

52,180

59,029

Long-term investments in subsidiaries and

143,015

150,701

associates

Deferred tax assets

31,321

34,508

Retirement benefit asset

34,766

35,275

Other

7,763

9,261

Allowance for doubtful accounts

(198)

(202)

Current assets

346,400

318,990

Cash and deposits

130,192

95,241

Notes and accounts receivable - trade, and contract assets

102,649

76,747

Lease receivables and investments in leases

17,759

18,464

Inventories

42,070

50,693

Other

53,926

78,018

Allowance for doubtful accounts

(197)

(175)

Total assets

1,687,484

1,715,879

(Millions of yen) As of March 31, 2025 As of December 31, 2025

Liabilities

Non-current liabilities

1,001,988

1,040,970

Bonds payable

396,996

406,997

Long-term borrowings

433,800

464,300

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

16,374

Other

39,229

38,827

Current liabilities

244,652

205,781

Current portion of non-current liabilities

76,505

69,099

Notes and accounts payable - trade

56,435

48,173

Accrued taxes

25,931

16,938

Other

85,779

71,570

Total liabilities

1,246,640

1,246,752

Net assets

Shareholders' equity

400,612

439,553

Share capital

145,551

145,551

Capital surplus

3,598

3,598

Retained earnings

254,880

293,819

Treasury shares

(3,418)

(3,416)

Accumulated other comprehensive income

37,405

26,642

Valuation difference on available-for-sale securities

2,723

6,797

Deferred gains or losses on hedges

5,733

4,254

Foreign currency translation adjustment

14,775

11,182

Remeasurements of defined benefit plans

14,173

4,407

Non-controlling interests

2,825

2,932

Total net assets

440,843

469,127

Total liabilities and net assets

1,687,484

1,715,879

2.Quarterly Consolidated Statements of Income and Comprehensive Income

Quarterly Consolidated Statement of Income

(Millions of yen)

For the nine months

For the nine months

ended December 31, 2024

ended December 31, 2025

Operating revenue

617,990

561,030

Electric utility operating revenue

551,311

490,880

Other business operating revenue

66,679

70,149

Operating expenses

552,655

495,694

Electric utility operating expenses

495,722

436,639

Other business operating expenses

56,932

59,054

Cost of sales

46,606

48,339

Selling, general and administrative expenses

10,326

10,714

Operating profit

65,335

65,336

Non-operating income

9,337

6,136

Dividend income

612

754

Interest income

514

852

Foreign exchange gains

2,707

31

Share of profit of entities accounted for using equity method

3,879

3,362

Other

1,623

1,135

Non-operating expenses

7,277

6,128

Interest expenses

4,659

5,431

Loss on business of subsidiaries and associates

1,360

-

Other

1,257

696

Ordinary profit

67,395

65,344

Provision or reversal of reserve for water shortage

83

-

Provision of reserve for water shortage

83

-

Profit before income taxes

67,312

65,344

Income taxes

17,615

16,972

Profit

49,696

48,371

Profit attributable to non-controlling interests

141

142

Profit attributable to owners of parent

49,555

48,228

Quarterly Consolidated Statement of Comprehensive Income

(Millions of yen)

For the nine months ended December 31, 2024

For the nine months ended December 31, 2025

Profit 49,696 48,371

Other comprehensive income

Valuation difference on available-for-sale securities 2,385 3,596

Deferred gains or losses on hedges (1,897) (76)

Foreign currency translation adjustment 296 (3,266)

Remeasurements of defined benefit plans, net of tax (3,528) (9,405)

Share of other comprehensive income of entities

accounted for using equity method

(637)

(1,611)

Total other comprehensive income

(3,380)

(10,763)

Comprehensive income

46,316

37,607

Comprehensive income attributable to

Comprehensive income attributable to owners of 46,174 37,465

parent

Comprehensive income attributable to non-controlling interests

141 142