Tohoku Electric Power Company,Incorporated [9506.T]
TOKYO, Apr 30 (Pulse News Wire) – Tohoku Electric Power Company,incorporated (9506.T) downgraded its fiscal year 2026 forecast due to lower fuel cost adjustments and reduced sales volume. For the period ending March 31, 2026, the company reported revenue of ¥2.37 trillion million, operating profit of ¥160.4 billion, ordinary profit of ¥126.4 billion, and net income attributable to shareholders of ¥84.97 billion.
These figures represent decreases of -3.2%, -27.1%, -33.5%, and -37.1% respectively compared to previous forecasts. The decline was attributed to reduced fuel cost adjustments and lower retail electricity sales volumes.
Despite efforts to improve efficiency and benefit from fuel cost adjustment systems, the impact of fair value changes in power forward transactions and decreased sales volume outweighed these improvements. Notably, the fair value impacts amounting to ¥56.50 billion will be reversed in the next fiscal year, resulting in no cumulative earnings impact across two fiscal periods.
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