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Chubu Electric Fiscal Q1 Declines; Revenue Climbs

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Chubu Electric Power (TYO:9502) profit attributable to owners of the parent fell 59% to 35.2 billion yen for the fiscal first quarter from 85.3 billion yen a year earlier.

The energy company's basic profit per share was 46.60 yen, compared with 112.98 yen a year earlier, according to a Tokyo bourse filing on Wednesday.

Operating revenue rose 3.2% to 825.8 billion yen for the three months ended June 30 from 800.3 billion yen a year ago.

For the fiscal year ending March 31, 2027, the company expects profit attributable to owners of parent of 160 billion yen, profit per share of 211.81 yen and operating revenue of 3.900 trillion yen.

The company plans to pay interim and year-end dividends of 35 yen per share each for the current year, unchanged from the year-ago period.

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