Chubu Electric Power reports strong profit growth despite revenue dip

Chubu Electric Power reported a 4.5% increase in ordinary profit to JPY 196,295 million for the first half of FY2025, with profit attributable to owners of parent rising 13.2% to JPY 166,381 million. This profit growth occurred even as operating revenue decreased by 1.1% to JPY 1,747,832 million, partly due to a corporate entity becoming an affiliate rather than a subsidiary.

The company plans an interim dividend of JPY 35 per share, up from JPY 30 the previous year. For the full FY2025, Chubu Electric Power maintains its forecast, anticipating ordinary profit of JPY 230,000 million and profit attributable to owners of parent of JPY 185,000 million. This forecast reflects higher summer temperatures and cost reductions, despite losses from an offshore wind power project.

Total assets grew to JPY 7,414,038 million as of September 30, 2025, up from JPY 7,124,812 million on March 31, 2025, while net assets increased to JPY 2,983,394 million. The company's shareholders' equity ratio slightly improved to 39.3%.