Filing for commencement of civil rehabilitation proceedings by a subsidiary
ミライズエネチェンジ株式会社, ENECHANGE EV ラボ株式会社, EV 充電インフラ１号合同会社, and EV 充電インフラ２号合同会社 (all consolidated subsidiaries of Chubu Electric Power Company,Incorporated or subsidiaries thereof)
EV charging services, EV infrastructure development, and electric vehicle (EV) charging infrastructure
The spread of EVs fell short of initial expectations, and low charger utilization made it difficult to generate sufficient charging revenue. EV charger installation costs also increased. Additional financing became difficult to obtain, making it difficult to commercialize the business independently.
An impairment loss on fixed assets has already been recognized as an extraordinary loss in the financial results for the fiscal year ended March 2026. The amount is Not disclosed. The impact of this filing on consolidated results is currently under review.
Fiscal year ended March 2026 (impairment loss on fixed assets). The timing of recognition of any additional impact arising from this filing is Not disclosed.
Any revision to the earnings forecasts is Not disclosed. The impact on consolidated results is currently under review.
Related procedures
Filing for commencement of civil rehabilitation proceedings
Tokyo District Court
The companies intend to pursue a turnaround with support from a sponsor. They will continue their businesses under the rehabilitation proceedings while inviting applications from potential sponsors through a financial advisor and proceeding with the selection of a sponsor. Chubu Electric Power Miraiz Co., Ltd. is expected to provide the working capital required during the sponsor selection period.
The company will promptly disclose any matters that should be disclosed in the future.
| Item | Details |
|---|---|
| Event name | Filing for commencement of civil rehabilitation proceedings by a subsidiary |
| Date of occurrence | 19 May 2026 (the date on which each company filed) |
| Subject Entity | ミライズエネチェンジ株式会社, ENECHANGE EV ラボ株式会社, EV 充電インフラ１号合同会社, and EV 充電インフラ２号合同会社 (all consolidated subsidiaries of Chubu Electric Power Company,Incorporated or subsidiaries thereof) |
| Target Locations / Products | EV charging services, EV infrastructure development, and electric vehicle (EV) charging infrastructure |
| Cause | The spread of EVs fell short of initial expectations, and low charger utilization made it difficult to generate sufficient charging revenue. EV charger installation costs also increased. Additional financing became difficult to obtain, making it difficult to commercialize the business independently. |
| Amount of Impact on Business Performance | An impairment loss on fixed assets has already been recognized as an extraordinary loss in the financial results for the fiscal year ended March 2026. The amount is Not disclosed. The impact of this filing on consolidated results is currently under review. |
| Accounting period in which recognized | Fiscal year ended March 2026 (impairment loss on fixed assets). The timing of recognition of any additional impact arising from this filing is Not disclosed. |
| Impact on Earnings Forecast | Any revision to the earnings forecasts is Not disclosed. The impact on consolidated results is currently under review. |
| Type of litigation or proceeding | Filing for commencement of civil rehabilitation proceedings |
| Court or authority | Tokyo District Court |
| Date of filing / date of action | 19 May 2026 |
| Outlook | The companies intend to pursue a turnaround with support from a sponsor. They will continue their businesses under the rehabilitation proceedings while inviting applications from potential sponsors through a financial advisor and proceeding with the selection of a sponsor. Chubu Electric Power Miraiz Co., Ltd. is expected to provide the working capital required during the sponsor selection period. |
| Planned follow-up disclosure | The company will promptly disclose any matters that should be disclosed in the future. |
Items this document does not state (12)
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 spread of EVs fell short of initial expectations, and charger utilization remained low, making it difficult to generate sufficient charging revenue. The cost burden also increased as charger installation costs rose. Additional financing became difficult to obtain, making it difficult to commercialize the business independently and repay liabilities falling due on or after 20 May 2026.