Chubu Electric Power Company, Incorporated Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Announces Dividend for the Second Quarter End, Payable on November 30, 2018; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2019
October 25, 2018
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Chubu Electric Power Company, Incorporated announced consolidated earnings results for the six months ended September 30, 2018. For the six months, the company reported operating revenues of ¥1,487,478 million against ¥1,393,309 million a year ago. Operating income was ¥94,807 million against ¥96,984 million a year ago. Profit attributable to owners of the parent was ¥66,516 million or ¥87.91 per share against ¥62,185 million or ¥82.13 per share a year ago.
The company provided consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2019. For the year, on consolidated basis, the company expects operating revenues of ¥3,000,000 million, operating income of ¥110,000 million, and net income attributable to owners of the parent of ¥75,000 million or ¥99.12 per share.
For the year ending 31 March, 2019, on non-consolidated basis, the company expects operating revenues of ¥2,690,000 million, operating income of ¥90,000 million, and net income of ¥60,000 million or ¥79.29 per share.
For the second quarter end, the company announced dividend of ¥20.00 per share against ¥15.00 per share paid a year ago. The dividend will be payable on November 30, 2018.
For the year ending March 31, 2019, the company expects dividend of ¥20.00 per share against ¥20.00 per share paid a year ago.
Chubu Electric Power Co., Inc specializes in the production and distribution of electricity. Net sales break down by activity as follows:
- sale of electricity (85.8%);
- other (14.2%): primarily sale of gas and electric installation maintenance services.
Chubu Electric Power Company, Incorporated Announces Consolidated Earnings Results for the Six Months Ended September 30, 2018; Announces Dividend for the Second Quarter End, Payable on November 30, 2018; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2019; Provides Dividend Guidance for the Fiscal Year Ending March 31, 2019