Decision and Details
Board of Directors of ミライズエネチェンジ株式会社Filing for commencement of civil rehabilitation proceedings by ミライズエネチェンジ and its affiliates
The adoption of EVs fell short of initial expectations, charger utilization remained low, installation costs for EV chargers increased, additional financing became difficult, and it became difficult to monetize the business independently.
The impact on the Company's consolidated financial results is immaterial. The full-year earnings outlook for the fiscal year ending March 2027 remains unchanged from the disclosure dated 15 May 2026.
| Item | Details |
|---|---|
| Matter Covered | Filing for commencement of civil rehabilitation proceedings by ミライズエネチェンジ and its affiliates |
| Decision-Making Body | Board of Directors of ミライズエネチェンジ株式会社 |
| Decision Date | 19 May 2026 |
| Implementation Date | 19 May 2026 (filing made with the Tokyo District Court) |
| Amount | Valuation loss on equity-method investments: ¥539 million; capital of ミライズエネチェンジ: ¥100,000,000 |
| Quantity / scale | 4 companies, including 3 subsidiaries; shareholding ratio: Chubu Electric Power Miraiz 51.0%, ENECHANGE 49.0% |
| Impact on Business Performance | The impact on the Company's consolidated financial results is immaterial. The full-year earnings outlook for the fiscal year ending March 2027 remains unchanged from the disclosure dated 15 May 2026. |
| Reason | The adoption of EVs fell short of initial expectations, charger utilization remained low, installation costs for EV chargers increased, additional financing became difficult, and it became difficult to monetize the business independently. |
| Related previous disclosures | "Fiscal Year Ended March 2026 Full-Year Financial Results," dated 15 May 2026 |
| Future plans | The businesses will continue operating under the rehabilitation proceedings, while candidates for sponsorship will be solicited and selected through a financial adviser. Chubu Electric Power Miraiz is expected to provide the necessary working capital during the sponsor selection period. |
Items this document does not state (2)
These are items the company does not state in this document. We do not leave them blank, nor fill them in from other sources or by inference.
The reasons the company gives
The company's own explanation, not something inferred from the numbers.The adoption of EVs fell short of expectations, charger utilization remained low, and installation costs increased, among other factors, making it impossible to secure sufficient revenue. Additional financing also became difficult, making it difficult to monetize the business independently.