trending Market Intelligence /marketintelligence/en/news-insights/trending/pNCAQad7ju1A6wethd1gPA2 content esgSubNav
In This List

Kansai Electric Power fiscal Q4 loss narrows YOY

Podcast

Next in Tech | Episode 84: The bear bites M&A

Podcast

MediaTalk Episode 27

Blog

Tudor, Pickering, Holt & Co. Research Now Available

Case Study

A University Adds Aftermarket Research to Its Student Toolkit


Kansai Electric Power fiscal Q4 loss narrows YOY

Kansai Electric Power Co. said its normalized net income for the fiscal fourth quarter ended March 31 was a loss of ¥25.01 per share, compared with a loss of ¥54.35 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was a loss of ¥22.35 billion, compared with a loss of ¥48.56 billion in the prior-year period.

The normalized profit margin increased to negative 2.4% from negative 5.2% in the year-earlier period.

Total revenue totaled ¥935.13 billion, compared with ¥928.95 billion in the prior-year period, and total operating expenses declined on an annual basis to ¥947.10 billion from ¥992.98 billion.

Reported net income came to a loss of ¥81.74 billion, or a loss of ¥91.49 per share, compared with a loss of ¥62.76 billion, or a loss of ¥70.23 per share, in the year-earlier period.

For the year, the company's normalized net income totaled a loss of ¥79.43 per share, compared to EPS of a loss of ¥78.05 in the prior year.

Normalized net income was a loss of ¥70.98 billion, compared with a loss of ¥69.74 billion in the prior year.

Full-year total revenue grew on an annual basis to ¥3.406 trillion from ¥3.327 trillion, and total operating expenses rose year over year to ¥3.485 trillion from ¥3.399 trillion.

The company said reported net income came to a loss of ¥148.38 billion, or a loss of ¥166.06 per share, in the full year, compared with a loss of ¥97.41 billion, or a loss of ¥109.01 per share, the prior year.

As of June 26, US$1 was equivalent to ¥123.96.