Notice Regarding the Recording of Extraordinary Losses (Impairment Loss and Nuclear Fuel Valuation Loss) and Revisions to the Consolidated Earnings Forecast for the Fiscal Year Ending March 2027
Chubu Electric Power Company,Incorporated (the Company)
Units 3 and 4 of the Hamaoka Nuclear Power Station; nuclear power generation business
Increased uncertainty regarding the timing of restart and safety improvement work as a result of the inappropriate matter concerning the development of the design-basis ground motion in the review of the Hamaoka Nuclear Power Station's compliance with the new regulatory standards
An impairment loss of ¥304.9 billion and a nuclear fuel valuation loss of ¥65.3 billion, for a total of ¥370.3 billion, were recognized as extraordinary losses. Including approximately ¥10.0 billion in projected impairment losses related to capital expenditures and other items from the third quarter onward, full-year extraordinary losses are expected to total approximately ¥380.0 billion.
¥370.3 billion was recognized in the second quarter of the fiscal year ending March 2027 (the interim consolidated accounting period), and full-year extraordinary losses for the fiscal year ending March 2027 are expected to total approximately ¥380.0 billion.
The consolidated full-year earnings forecast for the fiscal year ending March 2027 was revised: net sales of ¥4,200,000 million, ordinary income of ¥110,000 million, net income attributable to owners of the parent of negative ¥215,000 million, and net income per share of negative ¥284.51.
Company response
Suspension of operations at the Hamaoka Nuclear Power Station (expected to continue for an even longer period)
The investigation committee's investigation report was received on 11 September 2026. The name of the committee chair and the establishment date are Not disclosed.
Related procedures
Withdrawal of the application for permission to amend the reactor installation and other documents concerning the new regulatory standards (withdrawal of an application for administrative permission)
The company also expects to recognize as impairment losses capital expenditures and other items related to the maintenance and management of nuclear power generation facilities to be carried out from the third quarter onward. Full-year extraordinary losses are expected to total approximately ¥380.0 billion.
| Item | Details |
|---|---|
| Event name | Notice Regarding the Recording of Extraordinary Losses (Impairment Loss and Nuclear Fuel Valuation Loss) and Revisions to the Consolidated Earnings Forecast for the Fiscal Year Ending March 2027 |
| Date of occurrence | 25 September 2026 (the date on which applications for permission to amend the reactor installation for Units 3 and 4 of the Hamaoka Nuclear Power Station and other documents concerning the new regulatory standards were withdrawn) |
| Date recognized / date notice received | 11 September 2026 (receipt of the Investigation Committee's report) |
| Subject Entity | Chubu Electric Power Company,Incorporated (the Company) |
| Target Locations / Products | Units 3 and 4 of the Hamaoka Nuclear Power Station; nuclear power generation business |
| Cause | Increased uncertainty regarding the timing of restart and safety improvement work as a result of the inappropriate matter concerning the development of the design-basis ground motion in the review of the Hamaoka Nuclear Power Station's compliance with the new regulatory standards |
| Amount of Impact on Business Performance | An impairment loss of ¥304.9 billion and a nuclear fuel valuation loss of ¥65.3 billion, for a total of ¥370.3 billion, were recognized as extraordinary losses. Including approximately ¥10.0 billion in projected impairment losses related to capital expenditures and other items from the third quarter onward, full-year extraordinary losses are expected to total approximately ¥380.0 billion. |
| Accounting period in which recognized | ¥370.3 billion was recognized in the second quarter of the fiscal year ending March 2027 (the interim consolidated accounting period), and full-year extraordinary losses for the fiscal year ending March 2027 are expected to total approximately ¥380.0 billion. |
| Impact on Earnings Forecast | The consolidated full-year earnings forecast for the fiscal year ending March 2027 was revised: net sales of ¥4,200,000 million, ordinary income of ¥110,000 million, net income attributable to owners of the parent of negative ¥215,000 million, and net income per share of negative ¥284.51. |
| Type of litigation or proceeding | Withdrawal of the application for permission to amend the reactor installation and other documents concerning the new regulatory standards (withdrawal of an application for administrative permission) |
| Date of filing / date of action | 25 September 2026 (the date on which the application and other documents were withdrawn) |
| Suspended operations | Suspension of operations at the Hamaoka Nuclear Power Station (expected to continue for an even longer period) |
| Investigation structure | The investigation committee's investigation report was received on 11 September 2026. The name of the committee chair and the establishment date are Not disclosed. |
| Outlook | The company also expects to recognize as impairment losses capital expenditures and other items related to the maintenance and management of nuclear power generation facilities to be carried out from the third quarter onward. Full-year extraordinary losses are expected to total approximately ¥380.0 billion. |
Items this document does not state (11)
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 inappropriate matter concerning the development of the design-basis ground motion in the review of the Hamaoka Nuclear Power Station's compliance with the new regulatory standards has increased uncertainty regarding the timing of restart and safety improvement work. As a result, the company expects a prolonged suspension of operations, lower sales revenue after the restart, and higher costs for safety improvement work. Other reasons for revising the earnings forecast include changes in the business environment, such as the prolonged situation in the Middle East, an increase in period-shifted losses at ミライズ, and higher power procurement costs.