Komori
M&A and Subsidiary Changes9509Hokkaido Electric Power Company,IncorporatedElectricity and gas

Completion Timing for Seawall Construction at the Tomari Nuclear Power Station

The completion timing for the seawall construction at the Tomari Nuclear Power Station, which had previously been undecided, has been set for August 2027. The amount of the change in construction costs remains under review.

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Scale
1067
¥100 million
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This transaction
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Impact on Business PerformanceThe company will promptly disclose any matters requiring disclosure if they become known.
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Transaction nameCounterparty nameName of the Subject CompanyBusiness Description of the Subject CompanyLocation of the Subject CompanyCapital Stock of the Subject CompanyDate of Establishment of the Subject CompanyNet Sales of the Subject CompanyOperating Profit of the Subject CompanyNet Income of the Subject CompanyNet Assets of the Subject CompanyAcquisition priceExpenses other than the acquisition priceType of ConsiderationMerger ratio/share exchange ratioTender offer priceMinimum number of shares to be purchasedTender offer periodNumber of shares acquiredVoting rights ownership percentageFunding arrangementsGoodwill amountAmount of extraordinary income (loss)Date of board resolutionContract DateExecution Date / Effective DateValuation methodologyIndependent valuation institutionSpecial CommitteeConditions Precedent to ExecutionManagement structure after acquisition

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The reasons the company gives

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The company explained that, after reviewing the overall schedule for safety-related construction on the premise of ensuring construction safety and quality, it set the completion timing for August 2027. Because work areas within the power station site are narrow and construction work for the seawall interferes with other safety-related construction, the company says it has also implemented measures to shorten the schedule.

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Completion Timing for Seawall Construction at the Tomari Nuclear Power Station | Hokkaido Electric Power Company,Incorporated (9509) timely disclosure | Komori