Japan's JERA Q1 profit slightly down on weaker overseas business

Chubu Electric Power Co

31/07/2025 03:17

TOKYO, July 31 (Reuters) - JERA, Japan's biggest power utility, on Thursday posted a 1% decrease in net profit for the first quarter of the fiscal year 2025 to 92.5 billion yen ($621.4 million) amid weaker overseas power generation business, including from renewable energy.

JERA, a joint venture of Tokyo Electric Power 9501.T and Chubu Electric Power 9502.T, saw net profit in the same period of last year at 93.4 billion yen. Its revenue rose by 8.5% to 830.8 billion yen on stronger domestic electricity sales.

The company kept its full-year profit forecast unchanged at 230 billion yen.

 ($1 = 148.8600 yen)

 (Reporting by Katya Golubkova; Editing by Himani Sarkar)

 ((jekaterina.golubkova@thomsonreuters.com;))