Chubu Electric Power Company, Incorporated [9502.T]
TOKYO, Apr 28 (Pulse News Wire) – Chubu Electric Power Company,incorporated (9502.T) reported a revenue decline of ¥3 trillion for the fiscal year ending March 2025, marking its first reduction since 2023. Despite the drop in sales, operating profit increased by 5.3%, driven primarily by cost reductions and improved performance from subsidiaries such as JERA and Mirais.
The company attributed the revenue decrease mainly to adjustments in fuel costs and lower electricity sales volumes. Operating expenses fell by 3.2%, contributing to the overall profitability improvement. However, Chubu Electric faced a ¥160 million special loss due to regulatory issues related to the Hamaoka Nuclear Power Plant.
For shareholder returns, Chubu Electric plans to maintain stable dividend payments, targeting a payout ratio of more than 50%. The company expects to distribute ¥70 per share annually, with interim dividends of ¥35 and final dividends of ¥35. Looking ahead, Chubu Electric noted uncertainties surrounding fuel prices and wholesale power markets due to geopolitical tensions in the Middle East.
As a result, the company has yet to finalize its earnings outlook for the fiscal year 2026.
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