Following the data falsification issue at the Hamaoka Nuclear Power Station, Chubu Electric Power revised downward its earnings outlook for the current fiscal year and indicated that it expected to record a substantial extraordinary loss. The final loss is expected to be approximately ¥215 billion.
Chubu Electric Power announced that the data falsification issue surrounding the review of the Hamaoka Nuclear Power Station's restart had increased uncertainty over the timing of the restart and safety-related construction, affecting its business outlook for the current fiscal year. This has underscored the uncertainty in the company's operating environment, raising concerns over the outlook for future plans and costs.
On the same day, the company disclosed that it expected to record an extraordinary loss of approximately ¥380 billion for the current fiscal year. As a result, it revised its full-year earnings forecast downward from the announcement made in July, with the full-year loss now expected to be approximately ¥215 billion.