Electric Power Development Co., Ltd. revised consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2026. For the year, the company, on consolidated basis, the company reported revised operating revenue of JPY 1,180,000 million, operating profit of JPY 98,000 million, Profit attributable to owners of parent of JPY 66,000 million and profit per share of JPY 366.97 against previous guidance of operating revenue of JPY 1,212,000 million, operating profit of JPY 92,000 million, Profit attributable to owners of parent of JPY 89,000 million and profit per share of JPY 494.85.
For the year ending March 31, 2026, on non-consolidated basis, the company reported revised operating revenue of JPY 826,000 million, operating profit of JPY 29,000 million, Profit of JPY 48,000 million and profit per share of JPY 266.89 against previous guidance of operating revenue of JPY 864,000 million, operating profit of JPY 27,000 million, Profit of JPY 117,000 million and profit per share of JPY 650.53.
Reasons for Revision: With respect to the earnings forecasts for the fiscal year ending March 31, 2026, J-POWER expects operating revenue to decrease, mainly due to a decrease in electric power sales volume in its power generation business and overseas business. Ordinary profit is expected to increase, primarily due to improved profits in the domestic power generation business, including thermal power, and increased profits in the overseas business resulting from factors such as the U.S. business and the favorable impact of a weaker yen (based on the exchange rate as of December 31, 2025). However, J-POWER will revise downward the earnings forecast announced on May 9, 2025 for profit attributable to owners of parent, as it expects a decrease in profit due to the special losses described below. In addition, with respect to the non-consolidated earnings forecast, the Company expects ordinary profit and profit to decrease further, mainly due to an expected decrease in dividends received from its U.S. subsidiary.
Electric Power Development Co Ltd is mainly engaged in electricity generation business. The Company operates in four business segments. The Electricity segment engages in power generation business including hydroelectric power generation, thermal power generation and wind power generation, as well as provision of electricity. The Electricity-Related segment engages in design, installation, maintenance and repair of electrical power equipment, the port operation of fuel and coal ash, the coal mine development, the import of coal, the procurement and manufacture of biomass fuel, the operation of public health facilities, as well as the provision of computer services. The Overseas Operation segment is in the operation of electrical power generation investment business and other related businesses, engineering and consulting businesses in overseas. The Others segment engages in new electricity business, environment-related business and others.
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