Financials Electric Power Development Co., Ltd.

Stocks

9513

JP3551200003

Electric Utilities

Market Closed - Japan Exchange Other stock markets 12:00:00 22/07/2026 pm IST			5-day change	1st Jan Change
3,804.00 ^JPY	+1.04%		+5.14%	+20.27%

29/06	Daiwa Securities Downgrades Electric Power Development to Neutral from Outperform; Price Target is 3,790 Yen	MT
16/06	Certain Common Stock of PowerX,Inc. are subject to a Lock-Up Agreement Ending on 16-JUN-2026.	CI

Projected Income Statement: Electric Power Development Co., Ltd.

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net sales ¹	10,84,621	18,41,922	12,57,998	13,16,674	11,82,260	13,35,283	13,24,417	13,22,033
Change	-	69.82%	-31.7%	4.66%	-10.21%	12.94%	-0.81%	-0.18%
EBITDA ¹	1,83,976	2,91,509	2,16,017	2,54,715	2,17,066	2,43,740	2,44,020	2,49,100
Change	-	58.45%	-25.9%	17.91%	-14.78%	12.29%	0.11%	2.08%
EBIT ¹	86,979	1,83,867	1,05,704	1,38,310	1,00,992	1,20,900	1,08,917	1,12,733
Change	-	111.39%	-42.51%	30.85%	-26.98%	19.71%	-9.91%	3.5%
Interest Paid ¹	-22,442	-27,368	-30,937	-33,002	-31,929	-36,500	-41,200	-45,300
Earnings before Tax (EBT) ¹	72,846	1,70,792	1,18,535	1,40,095	1,06,714	1,10,850	1,07,612	1,09,662
Change	-	134.46%	-30.6%	18.19%	-23.83%	3.88%	-2.92%	1.9%
Net income ¹	69,687	1,13,689	77,774	92,469	58,537	77,750	74,517	76,533
Change	-	63.14%	-31.59%	18.89%	-36.7%	32.82%	-4.16%	2.71%
Announcement Date	11/05/22	10/05/23	09/05/24	09/05/25	12/05/26	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,91,743	2,40,068	2,77,702	3,75,108	3,23,319	5,16,479	5,61,756	4,40,368	2,81,382	3,50,212	3,29,248	2,97,156	2,59,056	3,81,669	3,18,234	3,57,715	2,50,297	3,21,117	2,93,145	3,17,701	3,13,700	4,22,800	3,86,900	3,46,100
Change	-	25.2%	15.68%	35.08%	-13.81%	59.74%	8.77%	-21.61%	-36.1%	24.46%	-5.99%	-9.75%	-12.82%	47.33%	-16.62%	12.41%	-30.03%	28.29%	-8.71%	8.38%	-1.26%	34.78%	-8.49%	-10.55%
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBIT ¹	21,544	13,295	29,093	23,047	19,507	66,811	75,193	22,356	26,558	18,440	38,727	21,979	32,676	38,115	43,400	24,119	32,477	21,128	34,660	12,727	32,400	44,100	35,300	17,700
Change	-	-38.29%	118.83%	-20.78%	-15.36%	242.5%	12.55%	-70.27%	18.8%	-30.57%	110.02%	-43.25%	48.67%	16.65%	13.87%	-44.43%	34.65%	-34.94%	64.05%	-63.28%	154.58%	36.11%	-19.95%	-49.86%
Charge d'intérêts	-5,687	-	-5,286	-	-5,711	-	-7,493	-	-7,517	-	-7,893	-	-7,662	-	-7,703	-	-6,816	-	-8,270	-	-	-	-	-
Earnings before Tax (EBT) ¹	19,882	6,747	28,237	17,980	21,487	64,652	72,108	12,545	27,447	14,975	42,379	33,734	35,044	36,014	53,892	15,145	73,067	23,298	35,119	-24,770	32,100	43,900	35,000	17,400
Change	-	-66.06%	318.51%	-36.32%	19.51%	200.89%	11.53%	-82.6%	118.79%	-45.44%	183%	-20.4%	3.88%	2.77%	49.64%	-71.9%	382.45%	-68.11%	50.74%	-170.53%	229.59%	36.76%	-20.27%	-50.29%
Net income ¹	14,020	4,164	22,209	29,294	13,036	45,364	52,657	2,632	17,611	10,120	28,625	21,418	25,469	22,866	31,276	12,858	52,088	10,978	20,983	-25,512	20,900	28,500	22,800	11,300
Change	-	-70.3%	433.36%	31.9%	-55.5%	247.99%	16.08%	-95%	569.11%	-42.54%	182.86%	-25.18%	18.91%	-10.22%	36.78%	-58.89%	305.1%	-78.92%	91.14%	-221.58%	181.92%	36.36%	-20%	-50.44%
Announcement Date	30/07/21	29/10/21	31/01/22	11/05/22	29/07/22	31/10/22	31/01/23	10/05/23	31/07/23	31/10/23	31/01/24	09/05/24	31/07/24	31/10/24	31/01/25	09/05/25	31/07/25	31/10/25	30/01/26	12/05/26	-	-	-	-

¹JPY in Million

Estimates

Fiscal Period: March	2023 S1	2024 S1	2025 S1	2026 S1
Net sales ¹	8,39,798	6,31,594	6,40,725	5,71,414
Change	-	-24.79%	1.45%	-10.82%
EBITDA	-	-	-	-
Change	-	-	-	-
EBIT ¹	86,318	44,998	70,791	53,605
Change	-	-47.87%	57.32%	-24.28%
Charge d'intérêts ¹	-12,672	-15,684	-15,817	-14,425
Earnings before Tax (EBT) ¹	86,139	42,422	71,058	96,365
Change	-	-50.75%	67.5%	35.61%
Net income ¹	58,400	27,731	48,335	63,066
Change	-	-52.52%	74.3%	30.48%
Announcement Date	31/10/22	31/10/23	31/10/24	31/10/25

¹JPY in Million

Estimates

Forecast Balance Sheet: Electric Power Development Co., Ltd.

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Net Debt ¹	15,63,370	15,43,803	14,35,102	14,62,603	12,79,993	16,90,201	17,70,301	18,47,701
Change	-	-1.25%	-7.04%	1.92%	-12.49%	32.05%	4.74%	4.37%
Announcement Date	11/05/22	10/05/23	09/05/24	09/05/25	12/05/26	-	-	-

¹JPY in Million

Estimates

Cash Flow Forecast: Electric Power Development Co., Ltd.

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
CAPEX ¹	1,32,116	1,21,806	1,19,808	1,32,475	1,88,576	3,90,000	1,99,100	1,92,433
Change	-	-7.8%	-1.64%	10.57%	42.35%	106.81%	-48.95%	-3.35%
Free Cash Flow (FCF) ¹	-50,466	4,993	1,34,213	1,27,505	35,689	-1,43,000	-37,900	-30,680
Change	-	109.89%	2,588.02%	-5%	-72.01%	-500.68%	73.5%	19.05%
Announcement Date	11/05/22	10/05/23	09/05/24	09/05/25	12/05/26	-	-	-

¹JPY in Million

Estimates

Forecast Financial Ratios: Electric Power Development Co., Ltd.

Fiscal Period: March	2022	2023	2024	2025	2026	2027	2028	2029
Profitability
EBITDA Margin (%)	16.96%	15.83%	17.17%	19.35%	18.36%	18.25%	18.42%	18.84%
EBIT Margin (%)	8.02%	9.98%	8.4%	10.5%	8.54%	9.05%	8.22%	8.53%
EBT Margin (%)	6.72%	9.27%	9.42%	10.64%	9.03%	8.3%	8.13%	8.29%
Net margin (%)	6.43%	6.17%	6.18%	7.02%	4.95%	5.82%	5.63%	5.79%
FCF margin (%)	-4.65%	0.27%	10.67%	9.68%	3.02%	-10.71%	-2.86%	-2.32%
FCF / Net Income (%)	-72.42%	4.39%	172.57%	137.89%	60.97%	-183.92%	-50.86%	-40.09%
Profitability
ROA	2.47%	5.31%	3.47%	3.92%	4.28%	2.38%	2.3%	2.33%
ROE	8.1%	11.4%	6.8%	7.2%	4.3%	5.44%	4.98%	4.89%
Financial Health
Leverage (Debt/EBITDA)	8.5x	5.3x	6.64x	5.74x	5.9x	6.93x	7.25x	7.42x
Debt / Free cash flow	-30.98x	309.19x	10.69x	11.47x	35.87x	-11.82x	-46.71x	-60.22x
Capital Intensity
CAPEX / Current Assets (%)	12.18%	6.61%	9.52%	10.06%	15.95%	29.21%	15.03%	14.56%
CAPEX / EBITDA (%)	71.81%	41.78%	55.46%	52.01%	86.87%	160.01%	81.59%	77.25%
CAPEX / FCF (%)	-261.79%	2,439.54%	89.27%	103.9%	528.39%	-272.73%	-525.33%	-627.23%
Items per share
Cash flow per share ¹	910.6	1,210	1,029	1,142	971	-	-	-
Change	-	32.87%	-14.99%	11.05%	-14.99%	-	-	-
Dividend per Share ¹	75	90	100	100	100	105	108.3	110
Change	-	20%	11.11%	0%	0%	5%	3.17%	1.54%
Book Value Per Share ¹	5,004	5,932	6,649	7,306	7,985	8,308	8,628	8,983
Change	-	18.53%	12.09%	9.87%	9.3%	4.04%	3.86%	4.11%
EPS ¹	380.7	621.5	425.3	505.6	325.5	442	425	438
Change	-	63.25%	-31.57%	18.89%	-35.62%	35.77%	-3.84%	3.06%
Nbr of stocks (in thousands)	1,83,048	1,82,862	1,82,870	1,82,877	1,76,008	1,76,008	1,76,008	1,76,008
Announcement Date	11/05/22	10/05/23	09/05/24	09/05/25	12/05/26	-	-	-