The Chugoku Electric Power Co., Inc. Revises Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2024
July 28, 2023 at 04:00 am
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The Chugoku Electric Power Co., Inc. revised consolidated and non-consolidated earnings guidance for the fiscal year ending March 31, 2024. For the year, on consolidated basis, the company now expects operating revenues to be JPY 1,759,000 million, operating income to be JPY 107,000 million and profit attributable to owners of the parent to be JPY 70,000 million or JPY 194.30 per share against operating revenues of JPY 2,041,000 million, operating income of JPY 92,000 million and profit attributable to owners of the parent of JPY 59,000 million or JPY 163.80 per share as previously forecasted.
For the year, on non-consolidated basis, the company now expects operating revenues to be JPY 1,555,000 million, operating income to be JPY 56,000 million and net income to be JPY 55,000 million or JPY 152.60 per share against operating revenues of JPY 1,777,000 million, operating income of JPY 41,000 million and net income of JPY 35,000 million or JPY 97.10 per share as previously forecasted.
Chugoku Electric Power Co Inc is a Japan-based company mainly engaged in the electric power business, comprehensive energy supply business and information and communication business. The Company operates through three business segments. The Electric Power Business segment supplies electricity based on the Chugoku region as the basis for business development. The Comprehensive Energy Supply Business segment is engaged in the sale of liquefied natural gas (LNG) and provision of energy utilization services such as electricity and heat sales. The Information and Communications Business segment provides telecommunications services and information processing services that utilize information and communication technology (ICT). The Company also provides environmental harmony creation, business and life support, and electric power business support.