Electric Power DevelopmentElectric Power Development Co., Ltd.9513東証プライム電気・ガス業FY ending Mar 2026, consolidated, J-GAAP

Electric Power Development FY ending Mar 2026 results

About 71% of Electric Power Development's sales come from PowerGeneration, with Overseas and Electric power - related making up much of the rest.

Out of every ¥100 of sales, about ¥9 is left as operating profit.

Revenue changed -10.2% from the prior year, operating profit -27.0%.

Revenue and profit pattern

Revenue and profit down

Revenue -10.2% · profit -27.0%, calculated from disclosed figures.

Operating leverage: 2.64× (profit growth ÷ revenue growth)

What changed from last year

FY ending Mar 2025 → FY ending Mar 2026

Revenue
-10.2%¥1.32T → ¥1.18T
Operating income
-27.0%¥138.3B → ¥101B
Net income attributable to owners
-36.7%¥92.5B → ¥58.5B
Operating cash flow
-10.4%¥250.3B → ¥224.3B
Free cash flow
-62.9%¥126.4B → ¥46.9B

Results at a glance

  • Revenue for the FY ending Mar 2026 was ¥1.18T, down -10.2% from ¥1.32T.
  • Operating income fell -27.0% to ¥101B, and net income fell -36.7% to ¥58.5B, so the drop got steeper further down the income statement.
  • Operating cash flow slipped -10.4% to ¥224.3B, but with ¥177.4B of capital spending, free cash flow shrank -62.9% to ¥46.9B.

What drove the change

  • Sales fell because less power was sold in Thailand, the Matsushima thermal plant was shut down, and capacity market prices dropped
  • In domestic generation, the Matsushima shutdown and higher repair costs cut segment profit
  • Impairments on Australian renewable assets and the Takasago thermal plant, plus a write-off of equipment at the Ohma nuclear project, weighed on net income

Things to watch

  • Safety upgrades at the planned Ohma nuclear plant are unlikely to finish on the target schedule, and the cost may rise further
  • Carbon pricing, such as Japan's emissions trading scheme and the planned fossil fuel levy and allowance auctions, could raise costs for its coal plants
  • Overseas projects carry currency and political risk, and in some joint ventures the company has limited control

Annual Securities Report, 74th fiscal year / 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, 74th fiscal year / 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 Electric Power Development sells, how much goes where, and how much is kept.

FY ending Mar 2026
Operating costs
¥91
Operating profit
¥9
Net profit kept
¥5

Annual margin trends

Operating margin8.5%
FY ending Mar 2021: 8.6%8.6%FY ending Mar 2022: 8.0%8.0%FY ending Mar 2023: 10.0%10.0%FY ending Mar 2024: 8.4%8.4%FY ending Mar 2025: 10.5%10.5%FY ending Mar 2026: 8.5%8.5%FY21FY22FY23FY24FY25FY26
Net margin5.0%
FY ending Mar 2021: 2.5%2.5%FY ending Mar 2022: 6.4%6.4%FY ending Mar 2023: 6.2%6.2%FY ending Mar 2024: 6.2%6.2%FY ending Mar 2025: 7.0%7.0%FY ending Mar 2026: 5.0%5.0%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74期(2025/04/01-2026/03/31)

    ID S100YISC2026-06-24Open
  • EDINET (FSA Japan)

    有価証券報告書-第73期(2024/04/01-2025/03/31)

    ID S100W4NR2025-06-25Open
  • EDINET (FSA Japan)

    有価証券報告書-第72期(2023/04/01-2024/03/31)

    ID S100TWUQ2024-06-27Open
  • EDINET (FSA Japan)

    有価証券報告書-第71期(2022/04/01-2023/03/31)

    ID S100R7S62023-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第70期(令和3年4月1日-令和4年3月31日)

    ID S100OIW02022-06-29Open
  • EDINET (FSA Japan)

    有価証券報告書-第69期(令和2年4月1日-令和3年3月31日)

    ID S100LQ002021-06-25Open

Extracted from XBRL: 50 / Derived from other figures: 2

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