Cancellation of offshore wind-power development and risk of additional losses during withdrawal
First written in FY2026-H1. 1 of 2 entries say "Materialised", first in FY2026. Latest entry: FY2026.
Chubu Electric Power Company moved to the "Worse" side of this theme in 2026, 9 years after the typical company in this theme (2017).
The whole theme swung hardest in 2017: 6 of 14 companies on the "Worse" side.
6 other companies' latest entry also says "Materialised".
- FY2026MaterialisedAnnual report
「Against this backdrop, in response to changes in the business environment that exceeded expectations, the company's group company ㈱シーテック reassessed the viability of the offshore wind power businesses being pursued in three areas and, following discussions among the business partners, decided to discontinue development. As a result, it recognized a loss in the current consolidated fiscal year. However, additional losses may arise as it proceeds with its withdrawal.」
The company recognized losses in its annual financial results in connection with discontinuing development in the three offshore wind areas and continues to disclose the possibility of additional losses arising during the withdrawal process. - FY2026-H1First statedAnnual report
「On 27 August 2025, the company decided to discontinue development. As a result, it recognized a loss during the interim consolidated accounting period. However, additional losses may arise as it proceeds with its withdrawal.」
For the offshore wind power businesses being pursued in three areas, namely offshore Noshiro City and Mitane Town and offshore Oga City in Akita Prefecture, offshore Yurihonjo City in Akita Prefecture, and offshore Choshi City in Chiba Prefecture, the company decided to discontinue development following a reassessment of business viability and discussions among the business partners, and recognized a loss. It also disclosed the possibility of additional losses arising during the withdrawal process.