Kansai Electric Ups FY Profit Forecast Amid Rising Demand, Mixed Half-Year Results

Kansai Electric Power Company reported a slight increase in net profit for the first half of fiscal 2025 despite declines in net sales and operating profit, citing improved cost management and stable fuel costs. For the six months ended September 30, 2025, net sales fell 6.0% to ¥2.01 trillion, operating profit dropped 7.0% to ¥276.6 billion, while net profit attributable to shareholders rose 1.8% to ¥232.9 billion. The company revised its full-year forecast upward, expecting net profit of ¥360 billion, higher than the previous guidance of ¥295 billion, and raised its dividend forecast to ¥75 per share from ¥60. This revision reflects growth in electricity demand and increased profits in both the Energy and Transmission & Distribution segments, despite facing challenges from lower electricity prices and sluggish demand. Kansai Electric’s equity ratio improved to 34.0%, and the company’s nuclear capacity factor remains stable at around 80 percent. The firm’s strategic adjustments include removing KE Fuel International from consolidation, highlighting a focus on operational efficiency amid a transitioning energy market.