Deterioration in earnings and impairment losses in the wholesale electricity and renewable energy businesses

「In the wholesale electricity business, including the Ibaraki Plant, the Company determined that there were indications of impairment of fixed assets after revising its business plan in response to a significant deterioration in the business environment, including a decline in contract amounts under the capacity market for fiscal 2025. After examining future recoverability, the Company reduced the carrying amount of the fixed assets grouped under the business to their recoverable amount and recorded the reduction of ¥1,600 million as an impairment loss under extraordinary losses.」