Chubu Electric Power forecasts net profit to fall 30% to 160 billion yen this fiscal year

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Summary · why it matters

Chubu Electric Power announced on the 29th that consolidated net profit for the fiscal year ending March 2027 is expected to fall 29.8% year-on-year to 160 billion yen. The company had not disclosed a full-year forecast at the start of the period due to factors such as the Middle East situation, but has now provided one for the first time. While earnings at JERA's domestic thermal and gas power generation business are improving, power procurement costs are rising at the retail sales unit Miraiz, and equipment expenses are also expected to increase due to inflation.

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JERAi
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JERA's domestic thermal and gas power generation business earnings are improving, as stated in the article.