Decommissioning of Mikuni Unit 1 at Fukui Thermal Power Station
Hokuriku Electric Power Company (the filing company)
Mikuni Unit 1 at Fukui Thermal Power Station (57-1-6 Shinbo, Mikuni-cho, Sakai City, Fukui Prefecture)
Long-term operation has become difficult due to aging facilities, worsening fuel procurement conditions and other factors. The decision followed a comprehensive assessment from the perspectives of maintaining supply capacity, supply-demand trends and environmental impacts.
Approximately ¥8.5 billion (an impairment loss on property, plant and equipment is expected to be recorded as a loss on the decommissioning of a thermal power station under extraordinary losses; the amount is currently under review)
Fourth quarter of the fiscal year ended March 2026
The company states that readers should refer to the separately disclosed Notice regarding Revisions to the Earnings Forecast issued today. The revised figures are not included in this document.
Mikuni Unit 1 at Fukui Thermal Power Station will be decommissioned by 31 March 2028. The company expects to record a loss on the decommissioning of a thermal power station as an extraordinary loss in the fourth quarter of the fiscal year ending March 2026.
| Item | Details |
|---|---|
| Event name | Decommissioning of Mikuni Unit 1 at Fukui Thermal Power Station |
| Date of occurrence | 24 March 2026 (the date on which the Board of Directors resolved to decommission the unit) |
| Subject Entity | Hokuriku Electric Power Company (the filing company) |
| Target Locations / Products | Mikuni Unit 1 at Fukui Thermal Power Station (57-1-6 Shinbo, Mikuni-cho, Sakai City, Fukui Prefecture) |
| Cause | Long-term operation has become difficult due to aging facilities, worsening fuel procurement conditions and other factors. The decision followed a comprehensive assessment from the perspectives of maintaining supply capacity, supply-demand trends and environmental impacts. |
| Amount of Impact on Business Performance | Approximately ¥8.5 billion (an impairment loss on property, plant and equipment is expected to be recorded as a loss on the decommissioning of a thermal power station under extraordinary losses; the amount is currently under review) |
| Accounting period in which recognized | Fourth quarter of the fiscal year ended March 2026 |
| Impact on Earnings Forecast | The company states that readers should refer to the separately disclosed Notice regarding Revisions to the Earnings Forecast issued today. The revised figures are not included in this document. |
| Outlook | Mikuni Unit 1 at Fukui Thermal Power Station will be decommissioned by 31 March 2028. The company expects to record a loss on the decommissioning of a thermal power station as an extraordinary loss in the fourth quarter of the fiscal year ending March 2026. |
Items this document does not state (16)
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.Long-term operation has become difficult due to aging facilities and worsening fuel procurement conditions. The decision follows a comprehensive assessment of maintaining supply capacity, supply-demand trends and environmental impacts, among other factors.