Chubu Electric Power Company, Incorporated Reports Consolidated Financial Results for the First Quarter Ended June 30, 2016; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Provides Dividend Guidance for the End of Second Quarter and End of Fourth Quarter of Fiscal Year 2017
July 28, 2016
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Chubu Electric Power Company, Incorporated reported consolidated financial results for the first quarter ended June 30, 2016. The company's consolidated operating revenue was ¥631,191 million compared to ¥744,298 million a year ago. Operating income was ¥96,934 million compared to ¥144,266 million a year ago. Net income was ¥65,322 million compared to ¥95,705 million a year ago. Net income per share was ¥86.26 compared to ¥126.37 million a year ago. Ordinary income was ¥92,655 million compared to ¥137,091 million a year ago. Income before income taxes was ¥92,962 million compared to ¥135,668 million a year ago.
The company expected dividend for the end of second quarter of fiscal 2017 is ¥15.00 per share against ¥10.00 per share a year ago.
The company expected dividend for end of fourth quarter of 2017 is ¥15.00 per share against same amount announced a year ago.
For the fiscal year ending March 31, 2017, on consolidated basis, the company expects operating revenue of ¥2,610,000 million, operating income of ¥135,000 million, ordinary income of ¥115,000 million, profit attributable to owners of parent of ¥115,000 million and net income per share of ¥151.87.
For the fiscal year ending March 31, 2017, on non-consolidated basis, the company expects operating revenue of ¥2,380,000 million, operating income of ¥115,000 million, ordinary income of ¥95,000 million and net income of ¥70,000 million or ¥92.43 per share.
Chubu Electric Power Co., Inc specializes in the production and distribution of electricity. Net sales break down by activity as follows:
- sale of electricity (85.8%);
- other (14.2%): primarily sale of gas and electric installation maintenance services.
Chubu Electric Power Company, Incorporated Reports Consolidated Financial Results for the First Quarter Ended June 30, 2016; Provides Consolidated and Non-Consolidated Earnings Guidance for the Fiscal Year Ending March 31, 2017; Provides Dividend Guidance for the End of Second Quarter and End of Fourth Quarter of Fiscal Year 2017