Tokyo Electric Power Company (9501) Q3 2026 earnings summary

Executive summary

• Operating revenue/net sales for FY2025 Q3 (Apr–Dec) fell 7.1% year-over-year to ¥4,612.1 billion, mainly due to lower electricity sales volume.

• Operating profit/income declined 16.9% year-over-year to ¥258.4 billion.

• Net loss attributable to owners of parent was ¥662.6 billion, driven by extraordinary losses related to disaster restoration and nuclear damage compensation.

• Comprehensive loss for the period was ¥665.7 billion, a significant reversal from the prior year's comprehensive income.

Financial highlights

• Extraordinary losses surged to ¥976.2 billion, mainly from increased estimated costs for disaster restoration and fuel debris retrieval.

• EPS declined sharply to -¥413.61 from ¥151.78 in the prior year.

• Equity ratio decreased by 4.5 points to 20.6%.

• Net assets decreased to ¥3,121.5 billion, with a drop of ¥664.6 billion from March 31, 2025.

• Total assets remained stable at ¥14,998.5 billion as of December 31, 2025.

Outlook and guidance

• FY2025 full-year forecast: operating revenue/net sales of ¥6,462.0 billion, ordinary profit/income of ¥277.0 billion, and net loss of ¥641.0 billion.

• Total electricity sales volume for FY2025 is forecast to decline 5.3% year-over-year.

• Ordinary profit is expected to rise due to positive timing differences, despite lower operating revenue.

• No dividend payments are planned for common or preferred shares for the fiscal year ending March 31, 2026.