Key Developments: Chubu Electric Power Co Inc (9502.T)

9502.T on Tokyo Stock Exchange

1,216JPY
11 Jul 2014
Price Change (% chg)

¥-26 (-2.09%)
Prev Close
¥1,242
Open
¥1,229
Day's High
¥1,231
Day's Low
¥1,213
Volume
1,136,500
Avg. Vol
1,623,834
52-wk High
¥1,523
52-wk Low
¥1,088

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Latest Key Developments (Source: Significant Developments)

GAIL (India) Ltd executes MoU with Chubu Electric Power Co. Inc
Monday, 24 Mar 2014 06:36am EDT 

GAIL (India) Ltd:Executes MoU with Chubu Electric Power Co. Inc, Japan for joint LNG procurement.Under MoU, GAIL and Chubu shall mainly explore possibilities for collaboration in area of joint LNG procurement.Besides, two companies seek to collaborate on shipping optimization.  Full Article

Osaka Gas Co Ltd and Chubu Electric Power Co Inc to invest in LNG project
Thursday, 27 Feb 2014 01:00am EST 

Osaka Gas Co Ltd:Says to invest into a liquefied natural gas (LNG) project in U.S with Chubu Electric Power Co Inc, through acquisition of 25 pct stake in a subsidiary of Freeport LNG. Development L.P for $600 mln respectively.  Full Article

R&I Downgrades Chubu Electric Power Company, Inc.'s Rating from "AA-" to "A+"; Outlook Negative
Thursday, 14 Nov 2013 04:20am EST 

Rating and Investment Information, Inc. (R&I) announced that it has downgraded the rating of Chubu Electric Power Company, Inc. from "AA-" to "A+". The rating outlook is negative.  Full Article

Chubu Electric Power Co Inc Amends Full-year Consolidated Outlook for FY 2014; Amends Mid-term and Year-end Dividend Forecasts for FY 2014
Tuesday, 17 Sep 2013 02:00am EDT 

Chubu Electric Power Co Inc announced that it has reaffirmed its full-year consolidated outlook for revenue of JPY 2,720,000 million, and raised its full-year consolidated outlook for operating profit (loss) from JPY (75,000 million) to JPY (65,000 million), ordinary profit (loss) from JPY (110,000 million) to JPY (100,000 million), net profit (loss) from JPY (75,000 million) to JPY (65,000 million), and earnings (loss) per share from JPY (98.99) to JPY (85.79), for the fiscal year ending March 31, 2014. This is due to the reduction in costs. According to I/B/E/S Estimates, analysts on average are expecting the Company to report its full-year consolidated outlook for revenue of JPY 2,752,390 million, operating profit (loss) of JPY (55,580 million) and net profit (loss) of JPY (60,230) million, for the same fiscal year. The Company also has amended its mid-term and year-end dividend forecasts from an undetermined value to JPY 0.00 per share, for the same fiscal year.  Full Article

Mitsubishi Corp, Nippon Paper Industries Co Ltd and Chubu Electric Power Co Inc to Establish Power Business Joint Venture- JCN Newswire
Tuesday, 6 Aug 2013 10:47pm EDT 

JCN Newswire reported that Mitsubishi Corp, Nippon Paper Industries Co Ltd and Chubu Electric Power Co Inc have signed an agreement for the establishment of a joint venture company to build and operate a 100MW class coal-fired power facility in Shizuoka Prefecture, Japan. Mitsubishi Corp will hold 70% of shares in the joint venture, while Nippon Paper Industries and Chubu Electric will each hold 20% and 10% respectively. The power generated will be sold to Diamond Power Corporation.  Full Article

Chubu Electric Power Co Inc to Acquire Subsidiary of Mitsubishi Corp-Nikkei
Tuesday, 6 Aug 2013 08:00pm EDT 

Nikkei reported that Chubu Electric Power Co Inc will acquire a subsidiary of Mitsubishi Corp, a power company named diamond power.  Full Article

Chubu Electric Power Co Inc to Fully Acquire Cenergy Co.; to Transfer Business to Cenergy Co.
Tuesday, 30 Jul 2013 11:00pm EDT 

Chubu Electric Power announced that it will acquire 25,088 shares of its subsidiary Cenergy Co., which engaged in the liquefied natural gas sale business and on site energy service business and make Cenergy a wholly owned subsidiary of the Company. The acquisition is expected to be completed in late August 2013. After that, the Company will transfer its air conditioner entrust business to Cenergy, effective October 1, 2013.  Full Article

Qatar Electricity And Water Co QSC Signs Amendment Agreement of Partnership Project With Qatar Petroleum (QP), Qatar General Electricity and Water Corporation and Chubu Electric Power Co Inc
Saturday, 9 Feb 2013 07:00pm EST 

Qatar Electricity And Water Co QSC announced that it has signed the third amendment of the agreement regarding the partnership project at Qatar Petroleum headquarters. The agreement was signed with Qatar Petroleum (QP), Qatar General Electricity and Water Corporation and Chubu Electric Power Co Inc. The partnership project includes the mutual cooperation and exchange of experience in practical and technical fields among the parties.  Full Article

Chubu Electric Power Co Inc Issues Straight Corporate Bonds - Denki Shimbun
Thursday, 13 Sep 2012 08:00pm EDT 

Denki Shimbun reported that Chubu Electric Power Co Inc has issued 498 series 5-year straight corporate bonds in JPY 20 billion on September 13, 2012. The issue price is JPY 100, with an interest rate of 0.566%.  Full Article

Chubu Electric Power Co Inc Announces Consolidated Mid-year and Full-year Outlook for FY 2013; Announces Dividend Forecast for FY 2013
Tuesday, 4 Sep 2012 02:00am EDT 

Chubu Electric Power Co Inc announced its consolidated mid-year outlook for revenue of JPY 1,340,000 million, operating profit of JPY 16,000 million, ordinary profit of a loss of JPY 2,000 million, net profit of a loss of JPY 4,000 million and earning per share of a loss of JPY 5.28, for the fiscal year ending March 2013. The Company has also announced its consolidated full-year outlook for revenue of JPY 2,640,000 million, operating profit of a loss of JPY 45,000 million, ordinary profit of a loss of JPY 80,000 million, net profit of a loss of JPY 60,000 million and earning per share of a loss of JPY 79.18, for the fiscal year ending March 2013. In addition, the Company has also changed its mid-term dividend forecast from an undetermined value to JPY 25 per share, and its year-end dividend forecast from an undetermined value to JPY 25 per share, for the fiscal year ending March 2013.  Full Article

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Japan's Chubu plans to buy stake in U.S. shale gas field

NAGOYA Japan - Chubu Electric Power Co, the world's third-biggest liquefied natural gas (LNG) buyer, is seeking its first stake in a U.S. shale gas field as a hedge against planned purchases from the Freeport LNG project in Texas, the company said.

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