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Electric Power Development, First Half Ordinary Profit Increases by 36%

Fri Oct 31, 2025 5:00 pm JST Earnings

9513 Electric Power Development Co., Ltd. 【J-GAAP】

Earnings Report

Electric Power Development Co., Ltd. <9513> [TSE Prime] announced its financial results after the market closed on October 31st (17:00). The consolidated ordinary profit for the cumulative second quarter of the fiscal year ending March 2026 (April to September) expanded 96.3 billion yen, an increase 35.6% compared to the same period last year. Progress toward the full-year plan of 119 billion yen was 81.0%, also surpassing the five-year average of 50.6%.

Based on the first-half performance announced by the company and the unchanged full-year plan, our calculation indicates that the consolidated ordinary profit for the October to March period (second half) is expected to significant drop 67.2% from the same period last year to 22.6 billion yen.

In the most recent three-month period, from July to September (2Q), the consolidated ordinary profit dropped to 23.2 billion yen, a 35.3% decrease compared to the same period last year. The operating profit margin drastically worsened from 10.0% in the same period last year to 6.6%.

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Actual Results

Accumulated Results 2nd Quarter
Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Progress Rate vs. First Half Announce Accounting Standards
Apr - Sep, 2023 631,594 44,998 42,422 27,731 151.7 35.8 Oct 31, 2023 J-GAAP
Apr - Sep, 2024 640,725 70,791 71,058 48,335 264.3 50.7 Oct 31, 2024 J-GAAP
Apr - Sep, 2025 571,414 53,605 96,365 63,066 346.0 81.0 Oct 31, 2025 J-GAAP
YoY -10.8% -24.3% +35.6% +30.5% +30.9%

First Half Results vs. Previous Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Apr - Sep, 2025 Guidance ー ー ー ー － 50 May 9, 2025 J-GAAP
Apr - Sep, 2025 Results 571,414 53,605 96,365 63,066 346.0 50 Oct 31, 2025 J-GAAP
Revision Rate － － － － －

Current Period Guidance

Second Half Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Oct - Mar, 2024 675,949 67,519 69,037 44,134 241.3 50 May 9, 2025 J-GAAP
Oct - Mar, 2025 Guidance 640,586 38,395 22,635 25,934 144.6 50 Oct 31, 2025 J-GAAP
YoY -5.2% -43.1% -67.2% -41.2% -40.1%

Current Period Guidance

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Adj. Dividend Announce Accounting Standards
Mar, 2024 1,257,998 105,704 118,535 77,774 425.3 100 May 9, 2024 J-GAAP
Mar, 2025 1,316,674 138,310 140,095 92,469 505.6 100 May 9, 2025 J-GAAP
Mar, 2026 Guidance 1,212,000 92,000 119,000 89,000 496.3 100 May 9, 2025 J-GAAP
YoY -7.9% -33.5% -15.1% -3.8% -1.8%

Quarterly Results

Fiscal Year Revenue Operating Profit Ordinary Profit Net Profit Adj. EPS Operating Profit Margin Announce Accounting Standards
Jul - Sep, 2024 381,669 38,115 36,014 22,866 125.0 10.0 Oct 31, 2024 J-GAAP
Oct - Dec, 2024 318,234 43,400 53,892 31,276 171.0 13.6 Jan 31, 2025 J-GAAP
Jan - Mar, 2025 357,715 24,119 15,145 12,858 70.3 6.7 May 9, 2025 J-GAAP
Apr - Jun, 2025 250,297 32,477 73,067 52,088 284.8 13.0 Jul 31, 2025 J-GAAP
Jul - Sep, 2025 321,117 21,128 23,298 10,978 60.2 6.6 Oct 31, 2025 J-GAAP
YoY -15.9% -44.6% -35.3% -52.0% -51.8%

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