The Chugoku Electric Power Co., Inc. Revises Consolidated and Non-Consolidated Earnings Guidance for the Year Ending March 31, 2024
May 25, 2023 at 10:59 pm EDT
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The Chugoku Electric Power Co., Inc. revised consolidated and non- consolidated earnings guidance for the year ending March 31, 2024. For the year, on consolidated basis, the company expects operating revenues of ¥2,041,000 million, operating income of ¥92,000 million, Profit attributable to owners of the parent of ¥59,000 million and earnings per share of ¥163.80.
For the year, on non-consolidated basis, the company expects operating revenues of ¥1,777,000 million, operating income of ¥41,000 million, net income of ¥35,000 million and earnings per share of ¥97.10.
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.