Chubu Electric Power CompanyChubu Electric Power Company,Incorporated9502東証プライム電気・ガス業FY ending Mar 2026, consolidated, J-GAAP

Chubu Electric Power Company FY ending Mar 2026 results

About 79% of Chubu Electric Power Company's sales come from Miraiz, with Powergrid and Other making up much of the rest.

Out of every ¥100 of sales, about ¥6 is left as operating profit.

Revenue changed -3.4% from the prior year, operating profit -5.0%.

Revenue and profit pattern

Revenue and profit down

Revenue -3.4% · profit -5.0%, calculated from disclosed figures.

Operating leverage: 1.48× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-3.4%¥3.67T → ¥3.55T
Operating income
-5.0%¥242B → ¥230B
Net income attributable to owners
+12.7%¥202.1B → ¥227.8B
Operating cash flow
+11.0%¥301.3B → ¥334.4B
Free cash flow
-27.3%¥28.8B → ¥20.9B

Results at a glance

  • Revenue for the FY ending Mar 2026 came to ¥3.55T, down 3.4% from ¥3.67T a year earlier.
  • Operating income slipped 5.0% to ¥230B, while net income attributable to owners rose 12.7% to ¥227.8B.
  • Operating cash flow grew to ¥334.4B, but free cash flow fell 27.3% to ¥20.9B.

What drove the change

  • Fuel cost adjustment charges, the part of power bills that tracks fuel prices, went down, which pulled revenue lower at Miraiz and elsewhere.
  • JERA bought coal on better terms for its domestic thermal plants, so the profit Chubu picks up from JERA grew.
  • At Miraiz, the lag between fuel price moves and power tariffs turned from a loss into a gain, and reshuffling where it buys power cut costs.
  • Costs from cancelling contracts tied to the Hamaoka nuclear plant review, plus impairment losses at subsidiaries, weighed on profit.

Things to watch

  • The regulatory review of the Hamaoka nuclear plant is on hold after misconduct in setting its seismic design standard came to light. With all units offline and replaced by thermal power, power procurement costs are expected to rise sharply.
  • Swings in fuel prices driven by geopolitics, such as the Middle East, or by exchange rates can widen the gap between purchase costs and selling prices.
  • If US trade policy cuts exports of cars and other goods, power demand could drop in Chubu, a hub of the auto industry.

Annual Securities Report (102nd term) / 経営者による財政状態、経営成績及びキャッシュ・フローの状況の分析 · Annual Securities Report (102nd term) / 事業等のリスク

Where the money goes

FY ending Mar 2025 → FY ending Mar 2026

※ Cost of revenue is not disclosed; expenses are combined

Where ¥100 of sales goes

For every ¥100 Chubu Electric Power Company sells, how much goes where, and how much is kept.

FY ending Mar 2026
Operating costs
¥94
Operating profit
¥6
Net profit kept
¥6

Annual margin trends

Operating margin6.5%
FY ending Mar 2021: 5.0%5.0%FY ending Mar 2022: -2.0%-2.0%FY ending Mar 2023: 2.7%2.7%FY ending Mar 2024: 9.5%9.5%FY ending Mar 2025: 6.6%6.6%FY ending Mar 2026: 6.5%6.5%FY21FY22FY23FY24FY25FY26
Net margin6.4%
FY ending Mar 2021: 5.0%5.0%FY ending Mar 2022: -1.6%-1.6%FY ending Mar 2023: 1.0%1.0%FY ending Mar 2024: 11.2%11.2%FY ending Mar 2025: 5.5%5.5%FY ending Mar 2026: 6.4%6.4%FY21FY22FY23FY24FY25FY26

Aligned fiscal years compare the shares of revenue remaining as gross, core, and net profit. Missing years are left unconnected.

Which businesses earn the money

Revenue by business segment, and the profit each one keeps.

FY ending Mar 2026

Profit by segment

※ Segment figures include inter-segment sales and do not sum to the company total

Sources

Show source documents (6)
  • EDINET (FSA Japan)

    有価証券報告書-第102期(2025/04/01-2026/03/31)

    ID S100YDH02026-06-24Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第101期(2024/04/01-2025/03/31)

    ID S100W8FI2025-06-30Open
  • EDINET (FSA Japan)

    訂正有価証券報告書-第100期(2023/04/01-2024/03/31)

    ID S100U40V2024-07-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第99期(2022/04/01-2023/03/31)

    ID S100R9SJ2023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第98期(令和3年4月1日-令和4年3月31日)

    ID S100NM6F2022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第97期(令和2年4月1日-令和3年3月31日)

    ID S100LNJL2021-06-28Open

Extracted from XBRL: 49 / Derived from other figures: 2

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