In section Market Quotes

Chugoku Electric Net Profit Dips to ¥70.2 Billion on Lower Revenue

Chugoku Electric Power Co. Inc. reported a decline in net profit for the nine months ended December 31, as lower revenue offset gains in operating performance. The Japanese utility earned ¥70.20 billion during the period, down from ¥78.74 billion a year earlier, according to its latest financial filing.

The Hiroshima-based utility, trading under ticker 9504.TO, saw revenue for the period retreat to ¥1.06 trillion from ¥1.10 trillion in the prior year. Despite the top-line contraction, the company managed to expand its operating profit to ¥99.34 billion, up from ¥89.95 billion. This operational resilience suggests improved efficiency or favorable shifts in fuel costs, even as broader market conditions softened.

Analyzing Profit Margins

The divergence between operating strength and the bottom line highlights pressure from non-operating factors. Pretax profit reached ¥89.67 billion, while earnings per share dropped to ¥195.23 from ¥218.81. These results, prepared under Japanese accounting standards, reflect the ongoing volatility facing regional power providers in a shifting regulatory and economic landscape.

Key financial indicators for the nine-month period include:

    • Group revenue: ¥1.06 trillion
    • Operating profit: ¥99.34 billion
    • Net income: ¥70.20 billion
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