FINWIRES · TerminalLIVE
FINWIRES

Kansai Electric Power's Profit Declines 9.6% in Fiscal 2026

By

-- The Kansai Electric Power's (TYO:9503) profit attributable to owners of the parent fell 9.6% to 380.1 billion yen in fiscal year 2026 from 420.4 billion yen a year earlier.

The nuclear electric power producer's basic earnings per share declined to 341.14 yen from 436.09 yen a year ago, according to a Tokyo bourse filing on Thursday.

Net sales dropped 6.5% to 4.057 trillion yen in the year ended March 31 from 4.337 trillion yen in the prior year.

Kansai Electric Power declared a final dividend of 45 yen per share, payable from June 26.

For fiscal year 2027, the company expects attributable profit of 310 billion yen, basic EPS of 278.26 yen, and net sales of 4.500 trillion yen.

Kansai Electric Power plans to pay interim and year-end dividends of 40 yen per share each for the year, higher than the amount paid in the year-ago period.

Related Articles

Sectors

Sector Update: Financial Stocks Decline Pre-Bell Thursday

Financial stocks were declining pre-bell Thursday, with the State Street Financial Select Sector SPDR ETF (XLF) down 0.6%.The Direxion Daily Financial Bull 3X Shares (FAS) was 1.9% lower and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was up 1.9%.Banco Bilbao Vizcaya Argentaria (BBVA) stock was up more than 2% after the company reported higher Q1 adjusted earnings and gross income.ING Groep (ING) shares were up more than 2% after the company posted higher Q1 earnings and total income.Willis Towers Watson (WTW) stock was down more than 9% even after the company posted higher Q1 adjusted earnings and revenue.

$BBVA$FAS$FAZ$ING$WTW$XLF
Sectors

Sector Update: Health Care Stocks Rise Premarket Thursday

Health care stocks were rising premarket Thursday, with the State Street Health Care Select Sector SPDR ETF (XLV) 1% higher and the iShares Biotechnology ETF (IBB) up 0.6%.Eli Lilly (LLY) shares were up more than 5% after the company reported higher Q1 non-GAAP earnings and revenue, and raised its 2026 outlook.Merck (MRK) stock was down more than 1% after the company said it swung to a Q1 adjusted loss.Alnylam Pharmaceuticals (ALNY) shares were up more than 2% after the company posted higher Q1 adjusted net income and revenue.

$ALNY$IBB$LLY$MRK$XLV
Sectors

Sector Update: Tech Stocks Advance Premarket Thursday

Technology stocks were advancing premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) 0.7% higher and the State Street SPDR S&P Semiconductor ETF (XSD) up 2.5%.Alphabet (GOOG, GOOGL) shares were up 6.9% after the company reported late Wednesday higher Q1 earnings and revenue that also topped market expectations.Meta Platforms (META) stock was down more than 8% after the company raised its forecast for 2026 capital expenditures, overshadowing its Q1 earnings and revenue beat.Viavi Solutions (VIAV) shares were up about 31% after the company posted higher fiscal Q3 non-GAAP earnings and net revenue, and issued fiscal Q4 outlook above analysts' expectations.

$GOOG$GOOGL$META$VIAV$XLK$XSD