J-POWER backs Southeast Asia hydro project, updates Q2 results

Electric Power Development (J-POWER) reported a 10.8% decrease in operating revenue to JPY 571,414 million and a 24.3% drop in operating profit to JPY 53,605 million for the second quarter ended September 30, 2025. Despite these figures, ordinary profit increased by 35.6% to JPY 96,365 million, and profit attributable to owners of parent rose by 30.5% to JPY 63,066 million.

J-POWER also announced a capital increase for its Dutch subsidiary, JH International B.V., to approximately $170 million, making it a specified subsidiary. This investment, planned for 2026, aims to develop hydroelectric power plants in Southeast Asia as part of J-POWER's 2024-2026 Mid-Term Management Plan to shift towards carbon-neutral assets.

The full-year consolidated earnings forecast for the fiscal year ending March 2026 remains unchanged, projecting operating revenue of JPY 1,212,000 million, operating profit of JPY 92,000 million, and profit attributable to owners of parent of JPY 89,000 million. The company confirmed an interim dividend of JPY 50.00 per share and a full-year forecast of JPY 100.00 per share.