Tohoku Electric Power Company, Incorporated [9506.T]
TOKYO, Apr 30 (Pulse News Wire) – Tohoku Electric Power Company,incorporated (9506.T) reported lower revenue and profits for the fiscal year ended March 31, 2026. Revenue was ¥2 trillion, down 4.6% from the previous year due to reduced sales volumes.
Operating profit declined to ¥1.264 billion, marking a decrease of 51.3%. Net income attributable to shareholders dropped to ¥849 million, reflecting a significant reduction compared to the previous year's ¥1.828 billion. The company cited various factors contributing to the decline, including unfavorable market conditions, increased costs associated with power distribution adjustments, and volatile fuel prices driven by geopolitical tensions.
Despite positive impacts from the restart of Unit 2 at the Naraha Nuclear Power Plant, these benefits were offset by adverse price evaluations related to forward electricity transactions. For the upcoming fiscal year 2026, Tohoku Electric stated that due to uncertainties surrounding fuel prices and market dynamics, it could not provide a definitive earnings forecast. However, based on its dividend policy targeting a stable payout ratio, the company expects to maintain a dividend level of ¥1 per share, aligning with its commitment to shareholder returns while prioritizing capital recovery efforts.
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