🇯🇵 日本語 🇺🇸 English
3,791 companies 2,409 AI summaries 1,867 risk analyses 1,334 growth scores Register free — watchlist & alerts →
EDINET 9504 Neutral Risk Analyzed 📈 Growth 5/10

The Chugoku Electric Power Company,Incorporated

Annual Securities Report - 102nd Term(2025/04/01 - 2026/03/31) ／ 2026-06-23 11:42

Covers EDINET statutory filings (TDNET timely disclosures / earnings flashes are not included).

Guidance DownDividend UpCapacityNew ProductDemand
AI Summary 2026-06-23 11:45

Chugoku Electric faces a steep profit decline in FY2026 (OP -42.4%, NP -54.8%), while in recovery phase. The company is investing heavily in Shimane Unit 3 (target operation 2030) and Yanai Unit 2 (target July 2030) as major decarbonization projects. Shifting to ROIC-driven management with DOE 2% dividend target to enhance shareholder returns and lift PBR in its mid-term plan (2026-2030).

KEY POINTS
  • FY2026 operating profit declining -42.4%, net profit -54.8%; financial base recovery is top priority
  • Major capex in nuclear & thermal power generation; transitioning to ROIC-based management with 2030 ROIC targets by business segment
  • Adopting DOE 2% dividend policy to enhance shareholder returns and improve PBR under mid-term plan 2026-2030
📊 Revenue
N/A
💰 Operating profit
Operating profit -42.4% (FY2026 guidance); net profit -54.8% (detailed ¥ figures not stated in excer
🔮 Outlook
FY2026 OP -42.4%, NP -54.8%. Shimane Unit 3 to commence operation 2030; Yanai Unit 2 target July 2030. Implementing ROIC management and DOE-based dividends.
📈 Growth outlook 📈 Growth 5/10
Building mid-term growth foundation through major power generation investments and decarbonization. However, steep FY2026 profit decline and regional population decline risk temper outlook; regulatory developments and investment payback timing are critical.
Growth drivers
  • Decarbonized power supply expansion via Shimane Unit 3 operation start
  • Supply capability secured by Yanai Unit 2 (target 2030)
  • Regional power demand growth through GX promotion and industrial fuel switching
Risk and growth scores and tags are AI-generated estimates from analyzing the disclosure. They are not guarantees of fact, nor investment advice or recommendations. Make investment decisions at your own discretion.
⚠️ Extracted Risk Factors
CategoryDescriptionScoreNew
Nuclear-related Risk Litigation risk over Shimane Units 2&3 operation, regulatory approval delays, and increased fuel/power procurement costs if safety measures expand. Policy changes or court rulings on construction delays significantly impact earnings. 9/10
Market Risk Volatility in power and fuel pricing, wholesale market price spikes, and timing lag impacts on earnings. Risk of losses if fuel adjustment cap exceeded; complexity of derivatives trading may cause unexpected losses. 8/10
Funding Risk Upside risk in funding needs for major capex; rising interest rates increase capital costs. Past compliance issues may weaken creditworthiness; credit rating downgrade risk remains. 7/10
Competitive Pressure Risk Retail deregulation driving HV/EHV customer churn and revenue decline. RE proliferation and intensifying competition compress margins on traditional business. 7/10
Cybersecurity Risk Ransomware attacks disrupting critical systems, confidential data breach causing reputational damage. High societal impact due to essential utility role. 7/10
Climate Change Risk Physical: equipment damage from intensified storms. Transition: carbon pricing (est. $140/tCO2 post-2030) threatens coal asset value; stricter regulations increase compliance costs and impair thermal assets. 7/10
Regional Economic Risk Regional population decline and economic shrinkage reduce power demand. Uncertainty in demand growth reliant on DX/GX progress. 6/10
Human Capital Risk Age diversity transition and shift from long-tenure system risk workforce instability. Delays in female manager hiring and external talent acquisition may hinder strategic execution. 5/10
9/10 Nuclear-related Risk
Litigation risk over Shimane Units 2&3 operation, regulatory approval delays, and increased fuel/power procurement costs if safety measures expand. Policy changes or court rulings on construction delays significantly impact earnings.
8/10 Market Risk
Volatility in power and fuel pricing, wholesale market price spikes, and timing lag impacts on earnings. Risk of losses if fuel adjustment cap exceeded; complexity of derivatives trading may cause unexpected losses.
7/10 Funding Risk
Upside risk in funding needs for major capex; rising interest rates increase capital costs. Past compliance issues may weaken creditworthiness; credit rating downgrade risk remains.
7/10 Competitive Pressure Risk
Retail deregulation driving HV/EHV customer churn and revenue decline. RE proliferation and intensifying competition compress margins on traditional business.
7/10 Cybersecurity Risk
Ransomware attacks disrupting critical systems, confidential data breach causing reputational damage. High societal impact due to essential utility role.
7/10 Climate Change Risk
Physical: equipment damage from intensified storms. Transition: carbon pricing (est. $140/tCO2 post-2030) threatens coal asset value; stricter regulations increase compliance costs and impair thermal assets.
6/10 Regional Economic Risk
Regional population decline and economic shrinkage reduce power demand. Uncertainty in demand growth reliant on DX/GX progress.
5/10 Human Capital Risk
Age diversity transition and shift from long-tenure system risk workforce instability. Delays in female manager hiring and external talent acquisition may hinder strategic execution.
X LinkedIn Threads Bluesky Facebook
Track Japanese disclosures with JSIGNAL

AI summaries, risk & growth analysis, watchlist alerts and a screener for every Japanese listed company.

Start free — 30-day trial Login