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The Chugoku Electric Power CompanyThe Chugoku Electric Power Company, Incorporated9504東証プライム電気・ガス業FY ending Mar 2026, consolidated, J-GAAP

The Chugoku Electric Power Company FY ending Mar 2026 results

About 83% of The Chugoku Electric Power Company's sales come from Comprehensive energy, with Power Transmission and distribution and Telecommunication making up much of the rest.

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

Revenue changed -5.7% from the prior year, operating profit -30.1%.

Revenue and profit pattern

Revenue and profit down

Revenue -5.7% · profit -30.1%, calculated from disclosed figures.

Operating leverage: 5.30× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-5.7%¥1.53T → ¥1.44T
Operating income
-30.1%¥129.1B → ¥90.2B
Net income attributable to owners
-30.4%¥98.5B → ¥68.5B
Operating cash flow
+27.6%¥186B → ¥237.3B
Free cash flow
Loss-¥192.3B → -¥29.9B

Results at a glance

  • Revenue for the FY ending Mar 2026 came to ¥1.44T, down from ¥1.53T (-5.7%).
  • Profit fell harder: operating income was ¥90.2B (-30.1%) and net income attributable to owners was ¥68.5B (-30.4%).
  • Operating cash flow went the other way, rising to ¥237.3B from ¥186B (+27.6%).

What drove the change

  • Retail power sales volume grew, but lower fuel prices cut the fuel-cost adjustment charged to customers, so revenue fell.
  • The Shimane Unit 2 reactor running and higher sales volume helped profit, but tougher competition in wholesale and retail and lower grid-business profit outweighed that.
  • Cash flow improved largely because running the nuclear unit sharply reduced fuel costs.

Things to watch

  • If nuclear operations stop or are delayed by safety reviews, construction delays or court rulings on injunction suits, the cost of replacement fuel and power would rise.
  • Swings in fuel and wholesale power prices, and the lag before fuel costs show up in rates, can move earnings.
  • With borrowing growing to fund large projects, higher interest rates or a credit rating change could raise funding costs.

Annual Securities Report, 102nd term (Apr 2025–Mar 2026) / Management's analysis of financial position, results and cash flows · Annual Securities Report, 102nd term (Apr 2025–Mar 2026) / Business risks

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 The Chugoku 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
¥5

Annual margin trends

Operating margin6.3%
FY ending Mar 2021: 2.6%2.6%FY ending Mar 2022: -5.3%-5.3%FY ending Mar 2023: -4.1%-4.1%FY ending Mar 2024: 12.7%12.7%FY ending Mar 2025: 8.4%8.4%FY ending Mar 2026: 6.3%6.3%FY21FY22FY23FY24FY25FY26
Net margin4.8%
FY ending Mar 2021: 1.1%1.1%FY ending Mar 2022: -3.5%-3.5%FY ending Mar 2023: -9.2%-9.2%FY ending Mar 2024: 8.2%8.2%FY ending Mar 2025: 6.4%6.4%FY ending Mar 2026: 4.8%4.8%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 S100YGCV2026-06-23Open

  • EDINET (FSA Japan)

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

    ID S100W1TM2025-06-24Open

  • EDINET (FSA Japan)

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

    ID S100TVNH2024-06-27Open

  • EDINET (FSA Japan)

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

    ID S100R8QI2023-06-29Open

  • 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 S100OI9E2022-06-29Open

  • 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 S100LS1G2021-06-28Open

Extracted from XBRL: 47 / Derived from other figures: 2

Spotted an error? Report it (corrections keep the original record)

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