The Chugoku Electric Power Co., Inc. Announces Consolidated Earnings Results for the Third Period Ended December 31, 2019; Provides Consolidated and Non-Consolidated Earnings Guidance for Fiscal Year 2020
January 30, 2020 at 01:59 am EST
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The Chugoku Electric Power Co., Inc. announced consolidated earnings results for the third period ended December 31, 2019. For the period, the company reported operating revenues of JPY 999,311 million against JPY 1,007,333 million a year ago. Operating income was JPY 40,101 million against JPY 9,458 million a year ago. Ordinary income was JPY 34,381 million against JPY 1,827 million a year ago. Net income attributable to owners of the parent was JPY 87,468 million against JPY 3,042 million a year ago. Basic earnings per share were JPY 254.09 against JPY 8.84 a year ago. EPS after adjusting residual securities was JPY 197.75 against JPY 6.70 a year ago.
For the year fiscal year 2020, on the consolidated basis, the company expects operating revenues of JPY 1,360,000 million, operating income of JPY 42,000 million, ordinary income of JPY 36,000 million, net income of JPY 89,000 million and Net income attributable to owners of the parent of JPY 255.56.
For the year fiscal year 2020, on the non-consolidated basis, the company expects operating revenues of JPY 1,257,000 million, operating income of JPY 38,000 million, ordinary income of JPY 33,000 million, net income of JPY 87,000 million and basic earnings per share of JPY 249.62.
Chugoku Electric Power Co Inc is a Japan-based company mainly engaged in the electric power business, comprehensive energy supply business and information and communication business. The Company operates through three business segments. The Electric Power Business segment supplies electricity based on the Chugoku region as the basis for business development. The Comprehensive Energy Supply Business segment is engaged in the sale of liquefied natural gas (LNG) and provision of energy utilization services such as electricity and heat sales. The Information and Communications Business segment provides telecommunications services and information processing services that utilize information and communication technology (ICT). The Company also provides environmental harmony creation, business and life support, and electric power business support.
The Chugoku Electric Power Co., Inc. Announces Consolidated Earnings Results for the Third Period Ended December 31, 2019; Provides Consolidated and Non-Consolidated Earnings Guidance for Fiscal Year 2020