Operator

It is now the scheduled time. We will begin the Kansai Electric Power Company Fiscal 2025 Financial Report and Fiscal 2026 Management Plan Investor Briefing. Please allow me to introduce our participants. Mr. Mori, CEO.

Nozomu Mori
President, Representative Executive Officer & Director

This is Mori. Thank you very much.

Operator

Mr. Tanaka, Executive Vice President.

Tanaka Toru
Executive Vice President

My name is Tanaka. Thank you very much.

Mr. Kikuoka, Executive Officer, Office of Accounting and Finance.

Masafumi Kikuoka

Hello. Thank you.

Operator

First, CEO, Mori, will give his presentation first.

Nozomu Mori
President, Representative Executive Officer & Director

So I'm going to start my presentation. This is Mori. Thank you very much for joining us today for our company briefing. Yesterday, we announced our results for fiscal year 2025. We posted consolidated revenue of JPY 4,056.6 billion and recurring profit of JPY 518.5 billion. This represents a decrease in both revenue and profit from FY '24. For FY '25, the dividend remains unchanged from the revised forecast announced at the second quarter. We will pay an annual dividend of JPY 75 per share.

Looking ahead to fiscal year 2026, we expect a recurring profit of JPY 290 billion. This represents a decrease of JPY 228.5 billion. The main factors for profit declines are foreign exchange movement, fuel price fluctuations, lower