Japan · Delayed Price · Currency is JPY The Kansai Electric Power Company Earnings Call Transcripts
Fiscal Year 2026
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Capital allocation will prioritize returns above the cost of capital, with FY2026–28 ROIC and ROE targets of at least 3.3% and 8%. Overseas energy investment is JPY 100bn; BESS targets ~1 GW in the early 2030s and ROIC of 10% or more by 2035.
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FY2025 saw declines in revenue and profit, with FY2026 profit expected to fall further due to lower nuclear capacity and higher costs. The company plans JPY 2.5 trillion in investments over three years, asset recycling, and aims for an 8% ROE average, while raising dividends to JPY 80 per share.
Fiscal Year 2025
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Optage anticipates short-term negative cash flow due to increased investment, with a long-term positive outlook, while Kanden Realty and Development targets a ROA above 5% by 2025 and plans to double asset disposals by 2030. Nuclear expansion is cautious, prioritizing safety and community engagement, and both companies emphasize the benefits of remaining within the KEPCO group.