Tokyo Electric Power Company (9501) Q4 2026 earnings summary

Executive summary

• Operating revenue/net sales declined 7.1% year-over-year to ¥6,328.5 billion for the fiscal year ended March 31, 2026.

• Ordinary profit/income rose 64% to ¥417.3 billion, driven by positive timing differences and profitability improvements.

• Operating profit/income increased 44% year-over-year to ¥337.6 billion.

• Profit attributable to owners of parent/net loss was ¥454.2 billion, mainly from extraordinary disaster-related losses.

• Comprehensive loss was ¥371.3 billion, reversing from a comprehensive income of ¥248.6 billion the previous year.

Financial highlights

• Extraordinary losses surged to ¥996.6 billion, primarily due to disaster restoration and nuclear compensation.

• EPS dropped to -¥283.51 from ¥100.67 the previous year.

• Equity ratio declined from 25.1% to 21.8%.

• Gross margin improved as operating income margin rose to 5.3% from 3.4% year-over-year.

• Share of profit from entities accounted for using the equity method increased to ¥138.4 billion from ¥100.2 billion.

Outlook and guidance

• No year-end dividend for FY2025; no interim or year-end dividends planned for FY2026.

• FY2026 consolidated performance forecast remains undetermined due to uncertainties in fuel prices and geopolitical risks.