Key Point of President's Regular Press Conference
FY2026 Q1 Financial Results & July 2026 Regular Press Conference: President Hayashi's Message
July 29, 2026
Chubu Electric Power Co., Inc.
First, we would like to express our deepest condolences to those who lost their lives in the "Reiwa 8 Kumamoto Earthquake" that occurred yesterday, and we extend our heartfelt sympathies to all those affected by the disaster.
We understand that, in the wake of this earthquake, power outages have occurred, and infrastructure damage—including water supply disruptions and severed transportation networks—is having a significant impact on daily life and business operations.
Our Group is taking steps to secure personnel and prepare power generation vehicles so that we can immediately provide restoration support should we receive a request from Kyushu Electric Power Transmission and Distribution.
- First Quarter Financial Results for Fiscal Year 2026 and Fiscal Year 2026 Earnings Forecast
I will be discussing the following matters today:
Financial Results for the first Quarter of FY2026
- Consolidated net sales for the first quarter of FY2025 totaled 825.8 billion yen.
- Although there was a decrease in items such as the fuel cost adjustment, revenue increased by 25.5 billion yen compared to the same period of the previous year, primarily due to an increase in electricity sales to other companies resulting from higher sales prices.
- Regarding ordinary income, the company posted an ordinary profit of 27.1 billion yen.
- While JERA's domestic thermal and gas power businesses saw improved profitability due to changes in the business environment, such as the situation in the Middle East, Miraiz experienced an increase in power procurement costs.
- In addition to these factors, a shift from a timing gain to a timing loss, a decrease in electricity sales volume at Miraiz, and an increase in facility-related and general expenses at Power Grid due to rising prices and other factors resulted in a "decrease in profit" of 77.6 billion yen compared to the same period of the previous year.
- Consolidated ordinary income excluding the time-lag margins was about 36.1 billion yen, a decrease on the order of 39.6 billion yen year-on-year.
- Quarterly net income attributable to owners of the parent company amounted to 35.2 billion yen, a decrease of 50.1 billion yen year-on-year.
FY2026 Business Forecast
- Although fuel prices and wholesale electricity market prices—which form the basis of our earnings forecast—remain uncertain due to factors such as the situation in the Middle East, we have calculated our earnings forecast for fiscal year 2026 based on certain assumptions.
- We expect net sales to reach 3.9 trillion yen.
- Due to rising fuel prices and other factors, we anticipate an increase in fuel cost adjustments and other related expenses; consequently, we expect revenue to increase by approximately 350 billion yen compared to the previous fiscal year.
We project an ordinary income of 185 billion yen. - Due to changes in the business environment, such as the situation in the Middle East, we anticipate improved profitability in JERA's domestic thermal and gas power businesses, while at Miraiz, we expect an increase in power procurement costs.
- In addition to these factors, we anticipate a "decrease in profit" of approximately 106.0 billion yen compared to the previous fiscal year, primarily due to a decline in electricity sales volume at Miraiz and an increase in facility-related and other expenses at Power Grid resulting from rising prices and other factors.
- Furthermore, we project a net loss attributable to owners of the parent company of 160.0 billion yen.
- This ends my presentation.