Kyushu Electric Power ended the year to March 2026 with a smaller top line and a larger bottom line, an outcome utilities rarely complain about. Operating revenue fell to ¥2.25tn from ¥2.36tn, but ordinary income rose to ¥207.06bn from ¥194.67bn, and profit attributable to owners of parent climbed to ¥154.54bn from ¥128.77bn.
For readers tracking Japan's power companies, the scale matters as much as the direction. Kyushu Electric kept ordinary income above ¥200bn while expanding total assets to ¥5.98tn from ¥5.77tn and net assets to ¥1.23tn from ¥1.03tn. The filing also lists basic earnings per share at 314.65 yen for the year.
| Metric | Year to Mar. 2026 | Year to Mar. 2025 |
|---|---|---|
| Operating revenue | ¥2.25tn | ¥2.36tn |
| Ordinary income | ¥207.06bn | ¥194.67bn |
| Profit attributable to owners of parent | ¥154.54bn | ¥128.77bn |
| Total assets | ¥5.98tn | ¥5.77tn |
| Net assets | ¥1.23tn | ¥1.03tn |
| Basic earnings per share | ¥314.65 | ¥260.14 |
The longer run is more volatile than the latest headline suggests. The annual report lists operating revenue at ¥1.74tn in the year to March 2022, ¥2.22tn in 2023, ¥2.14tn in 2024, ¥2.36tn in 2025 and ¥2.25tn in 2026. Ordinary income moved from ¥32.38bn to an ¥86.63bn loss, then to ¥238.16bn, ¥194.67bn and ¥207.06bn across the same stretch.
Profit attributable to owners of parent tells a similar story: ¥6.87bn in the year to March 2022, a ¥56.43bn loss in 2023, then ¥166.44bn in 2024, ¥128.77bn in 2025 and ¥154.54bn in 2026. So the latest year looks solid rather than euphoric. It did not surpass the profit peak reported for 2024, but it still leaves Kyushu Electric well clear of the loss-making dip recorded two years earlier.
What the annual-report summary does not do is explain the mix underneath. It gives a clean numerical readout, not a driver breakdown, so readers should resist pinning the improvement on any single factor without fuller disclosure. A separate internal control report adds one governance datapoint: Kyushu Electric said its internal control over financial reporting was effective as of March 31, after evaluating the parent company, 54 consolidated subsidiaries and one equity-method affiliate, while excluding one consolidated subsidiary and 54 equity-method affiliates as immaterial.