Impact of compliance violations on public trust and results

「In the Nuclear Regulation Authority’s review of compliance with the new regulatory standards for Units 3 and 4 of the Hamaoka Nuclear Power Station under the Act on the Regulation of Nuclear Source Material, Nuclear Fuel Material and Reactors, an incident occurred in which the seismic motion of the Hamaoka Nuclear Power Station had been evaluated using an inappropriate method.」

「In addition to the “Measures to Ensure Thorough Compliance” announced on 7 April 2023, we and 中部電力ミライズ㈱ are implementing the “Measures to Strengthen the Measures to Ensure Thorough Compliance” announced on 4 March 2024, striving to ensure that no further violations of the Antimonopoly Act occur and that there is no cause for suspicion of such violations.」

「On 4 March 2024, in connection with the supply of city gas to large-volume customers in the Chubu region, we received from the committee a surcharge payment order under the Antimonopoly Act, while 中部電力ミライズ received from the committee a cease-and-desist order and a surcharge payment order under the Act. In addition, 中部電力ミライズ received from the committee a warning concerning the supply of city gas for household use and other matters in the Chubu region, while 中部電力ミライズ and its subsidiary 株式会社シーエナジー each received from the committee a warning concerning the supply of liquefied natural gas in Aichi, Gifu and Mie prefectures.」

「On 20 December 2023, in connection with the supply of city gas to large-volume customers in the Chubu region, we received from the committee a notice of hearing of opinions concerning a draft surcharge payment order under the Antimonopoly Act, while 中部電力ミライズ received from the committee notices of hearing of opinions concerning a draft cease-and-desist order and a draft surcharge payment order under the Act.」

「Regarding each order, the company and Chubu Electric Power Miraiz decided to seek a fair judicial determination because they disagreed with the Japan Fair Trade Commission on the findings of fact and the interpretation of the law, and filed actions for rescission on 25 September of the same year. Regarding the surcharge, the company recorded a loss related to the Antimonopoly Act as an extraordinary loss in the previous fiscal year and paid the surcharge by the payment deadline.」

「On 30 March 2023, regarding the supply of extra-high-voltage and high-voltage electricity in the Chubu region and elsewhere, the company received from the Japan Fair Trade Commission an order to pay a surcharge under the Antimonopoly Act, while Chubu Electric Power Miraiz received a cease-and-desist order and an order to pay a surcharge under the Act. Because the company and Chubu Electric Power Miraiz disagree with the Commission on the findings of fact and the interpretation of the law relating to each order, they decided to file actions for rescission and seek a fair judicial determination. Following these orders, the company and Chubu Electric Power Miraiz were subject to measures by the Ministry of Economy, Trade and Industry and other authorities, including suspension of subsidies and other grants and suspension of nomination for contracts. On 14 July 2023, Chubu Electric Power Miraiz received an order from the Minister of Economy, Trade and Industry to improve its operations under the Electricity Business Act, and on 28 July of the same year submitted a report addressing that order.」

「On 1 December 2022, the company received from the Japan Fair Trade Commission a notice of an opportunity to state its views regarding a draft surcharge payment order under the Antimonopoly Act concerning the supply of extra-high-voltage and high-voltage electricity in the Chubu region and elsewhere. Chubu Electric Power Miraiz received separate notices of an opportunity to state its views regarding draft cease-and-desist orders and draft surcharge payment orders under the Antimonopoly Act.」

「On 5 October of the same year, the Japan Fair Trade Commission conducted an on-site inspection of the offices of the company and Chubu Electric Power Miraiz Co., Inc., among others, on suspicion of violations of the Antimonopoly Act in connection with the supply of extra-high-voltage and high-voltage electricity and city gas for large-volume customers in the Chubu region.」

「Against this background, on 13 April 2021, the Japan Fair Trade Commission conducted an on-site inspection of the offices of the company and Chubu Electric Power Miraiz Co., Inc., among others, on suspicion of violations of the Antimonopoly Act in connection with the supply of extra-high-voltage and high-voltage electricity in the Chubu region and elsewhere, and the supply of low-voltage electricity and city gas in the Chubu region and elsewhere. On 5 October of the same year, the Commission also conducted an on-site inspection of the offices of the company and Chubu Electric Power Miraiz Co., Inc., among others, on suspicion of violations of the Antimonopoly Act in connection with the supply of extra-high-voltage and high-voltage electricity and city gas for large-volume customers in the Chubu region.」

「Against this background, on 13 April 2021, the Japan Fair Trade Commission conducted an on-site inspection of the offices of the company and Chubu Electric Power Miraiz Co., Inc., among others, on suspicion of violations of the Antimonopoly Act in connection with the supply of extra-high-voltage and high-voltage electricity in the Chubu region and elsewhere, and the supply of low-voltage electricity and city gas in the Chubu region.」

「However, if an event in violation of compliance requirements causes a decline in social credit or other consequences, business performance may be affected.」

「However, if an event in violation of compliance requirements causes a decline in social credit or other consequences, business performance may be affected.」

「However, if an event in violation of compliance requirements causes a decline in social credit or other consequences, business performance may be affected.」