For fiscal 2026, while revenue and nuclear generation are expected to increase, earnings are projected to decline due mainly to the time lag effect of the fuel cost adjustment system, which is expected to shift from a gain in the previous fiscal year to a loss in the current fiscal year. As a result, ordinary income is forecast at approximately ¥180.0 billion and net income attributable to owners of the parent at approximately ¥130.0 billion. With respect to dividends, after comprehensively considering our performance for the fiscal year, as well as our medium- to long-term earnings and financial position, we plan to pay a dividend of ¥50 per share of common stock.

Guided by our corporate philosophy, “Lighting the Way for the Future,” we formulated the Kyuden Group Strategic Vision 2035 in May last year.

The business environment surrounding our Group is undergoing a period of significant transformation. While electricity demand is expected to grow due to the expansion of data centers and semiconductor-related industries, we are also facing growing uncertainty in the global environment, including conflicts in the Middle East, as well as the rapid advancement of digital technologies. As we respond to these emerging challenges and opportunities, we are steadily advancing initiatives aimed at achieving the goals set forth in our management vision.

Furthermore, with nuclear safety as our highest priority, we plan to transition to a pure holding company structure in April 2027.
Through this transition, we aim to further expand our integrated energy services business, accelerate the development of our growth businesses, and advance the achievement of our management vision.

Under the new structure, a holding company with no direct operating businesses will be established to provide strategic leadership and oversight for the Group. By allocating management resources from a Group-wide perspective while providing each operating company with greater autonomy to manage its business swiftly and independently, we aim to establish a framework that achieves both optimized Group management and agile business operations.

We will continue to enhance our corporate value by creating both social and economic value beyond the energy sector. Through the realization of our management vision, we will evolve into a corporate group that “opens up the future through energy” and strive for even greater achievements.

We look forward to your continued support and confidence.