Kansai Electric Power's amended semiannual report points to a mixed first-half picture. In the six months to September 30, 2025, operating revenue fell to ¥2.01tn from ¥2.14tn a year earlier, and ordinary income slipped to ¥315.0bn from ¥319.2bn. Profit attributable to owners of the parent, however, rose to ¥232.9bn from ¥228.8bn.
| Metric | Sep 2025 half-year / Sep 30, 2025 | Sep 2024 half-year / Sep 30, 2024 | Year to Mar 2025 / Mar 31, 2025 |
|---|---|---|---|
| Operating revenue | ¥2.01tn | ¥2.14tn | ¥4.34tn |
| Ordinary income | ¥315.0bn | ¥319.2bn | ¥531.7bn |
| Profit attributable to owners of parent | ¥232.9bn | ¥228.8bn | ¥420.4bn |
| Total assets | ¥9.60tn | ¥9.15tn | ¥9.65tn |
| Net assets | ¥3.31tn | ¥2.55tn | ¥3.11tn |
| Equity-to-asset ratio | 34.0% | 27.2% | 31.8% |
| Operating cash flow | ¥230.0bn | ¥136.3bn | ¥575.3bn |
| Cash and cash equivalents | ¥771.1bn | ¥341.8bn | ¥941.4bn |
The balance sheet moved in a clearer direction. Total assets at September-end stood at ¥9.60tn, up from ¥9.15tn a year earlier. Net assets rose to ¥3.31tn from ¥2.55tn, and the equity-to-asset ratio improved to 34.0% from 27.2%. Compared with the March 2025 year-end snapshot, total assets were slightly lower than ¥9.65tn, but net assets were above ¥3.11tn and the equity ratio was higher than 31.8%.
Cash flow, meanwhile, showed operating inflows of ¥230.0bn against investing outflows of ¥289.4bn and financing outflows of ¥105.8bn. Cash and cash equivalents ended September at ¥771.1bn, below the ¥941.4bn at March-end but above the ¥341.8bn held a year earlier.
The previous full year gives the scale reference. For the year to March 2025, Kansai Electric reported ¥4.34tn of revenue, ¥531.7bn of ordinary income and ¥420.4bn of profit attributable to owners of the parent, with total assets of ¥9.65tn at year-end.
For readers outside Japan, the useful signal is straightforward: this remains a multi-trillion-yen utility with a large profit base, even as the latest half-year figures show lower sales than a year earlier. Because the evidence supplied for this article is an excerpted numeric summary from an amended report, the clean takeaway is limited to the corrected numbers themselves, not the reason for the amendment or the drivers behind the line items.