Edition:
United States

Chubu Electric Power Co Inc (9502.T)

9502.T on Tokyo Stock Exchange

1,727JPY
9 Dec 2016
Change (% chg)

¥18 (+1.02%)
Prev Close
¥1,710
Open
¥1,720
Day's High
¥1,729
Day's Low
¥1,696
Volume
3,309,200
Avg. Vol
2,206,019
52-wk High
¥1,729
52-wk Low
¥1,276

Latest Key Developments (Source: Significant Developments)

Tokyo Electric, Chubu Electric Power looking to buy Electricite de France's coal-trading business-Nikkei<9501.T><9502.T>
Wednesday, 17 Aug 2016 03:02pm EDT 

Nikkei: Tokyo Electric Power Co and Chubu Electric Power looking to acquire Electricite de France's coal-trading business- Nikkei . Tokyo Electric Power and Chubu Electric Power's Jv Jera to start negotiations on possible deal with edf's London unit EDF Trading- Nikkei .  Full Article

Chubu Electric Power Company and Tokyo Electric Power Company Holdings' unit to transfer business to JERA
Monday, 23 May 2016 02:32am EDT 

Tokyo Electric Power Company Holdings Inc <9501.T> , Chubu Electric Power Company Inc <9502.T> : Says Chubu Electric Power Company Inc to transfer its fuel business and overseas power generation and energy infrastructure business to JERA Co., Inc. on July 1 . Says Tokyo Electric Power Company Holdings' wholly owned subsidiary TEPCO Fuel & Power, Inc. plans to transfer its existing fuel business and overseasthermal power generation IPP(Independent Power Producer) business to JERA, on July 1 .Says JERA Co., Inc. is the joint venture established by Tokyo Electric Power Company Holdings and Chubu Electric Power Company's unit on April 30, based on the comprehensive alliance signed by Chubu Electric Power and Tokyo Electric Power.  Full Article

Chubu Electric Power Co Inc - Fire at Japan nuclear plant put out; no danger to public - operator - Reuters
Wednesday, 6 Jan 2016 10:27am EST 

Chubu Electric Power Co Inc:A fire broke out at Chubu Electric Power Co's (9502.T) Hamaoka nuclear power plant in central Japan on Thursday, but was quickly put out and there had been no danger to the public, the company said. - RTRS.The fire started at about 11 a.m. (0200 GMT) in the exhaust fan of the turbine building of the plant's No.2 reactor, which is currently under being decommissioned, a company spokesman said. - RTRS.The fan was shut down and the fire was confirmed as put out an hour later, he said. An investigation into the cause of the fire was under way. - RTRS.The plant's No.1 and No.2 reactors are being decommissioned, while its No.3, No.4 and No.5 reactors remain shut pending stringent safety checks imposed following the Fukushima nuclear disaster nearly five years ago. - RTRS.  Full Article

Chubu Electric Power raises consolidated full-year outlook for FY 2016
Friday, 30 Oct 2015 03:00am EDT 

Chubu Electric Power Co Inc:Says the company increased the consolidated mid-year outlook for revenue to 2,890,000 mln yen from 2,860,000 mln yen, for the fiscal year ending March 31, 2016.Operating profit forecast increased to 230,000 mln yen from 160,000 mln yen.Ordinary profit forecast increased to 200,000 mln yen from 130,000 mln yen.Net profit forecast increased to 140,000 mln yen from 90,000 mln yen.Earnings per share increased to 184.87 yen from 118.84 yen.FY 2016 revenues of 2,852.10 billion yen, net income of 122.68 billion yen – Thomson Reuters I/B/E/S.Comments the decreased fuel cost and higher volume of hydroelectric power generation are the main reasons for the forecast.  Full Article

INPEX signs basic agreement with CHUBU Electric Power
Tuesday, 21 Jul 2015 04:00am EDT 

INPEX CORP:Says INPEX has signed a basic agreement with CHUBU Electric Power Co., Inc on joint implementation of electric power sale on July 21.  Full Article

Chubu Electric Power to transfer business to joint venture
Thursday, 25 Jun 2015 03:00am EDT 

Chubu Electric Power Co Inc:To transfer fuel delivery business and fuel trading business to joint venture JERA, effective Oct. 1.JERA was established with Tokyo Electric Power Co Inc on April 30.  Full Article

Chubu Electric Power Co Inc to establish new joint venture with Tokyo Electric Power Co Inc
Wednesday, 15 Apr 2015 02:00am EDT 

Chubu Electric Power Co Inc:To establish a new joint venture, JERA Co., Inc., with Tokyo Electric Power Co Inc on April 30.JERA Co., Inc. will be engaged in the fuel purchasing business, opening and replace business of domestic thermal power station, as well as overseas generation development business in Tokyo, Japan.JERA Co., Inc. will be capitalized at 0.48 billion yen in all.Chubu Electric Power and Tokyo Electric Power will hold 50 pct and 50 pct stakes in JERA Co., Inc. respectively.  Full Article

Chubu Electric Power appoints chairman and president
Tuesday, 24 Mar 2015 02:30am EDT 

Chubu Electric Power Co Inc:Appoints current president Akihisa Mizuno as chairman.Appoints Satoru Katsuno as president.Effective in June.  Full Article

Tokyo Electric Power and Chubu Electric Power announce exclusive alliance agreement for joint venture establishment
Monday, 9 Feb 2015 02:00am EST 

Tokyo Electric Power Co Inc and Chubu Electric Power Co Inc:Agreed on exclusive alliance in supply chain of fuel business, through establishment of a 50:50 joint venture in April.Joint venture to be engaged in fuel procurement, upstream, transport, trading and storage, power plant replacement and launch, gas wholesale and liquefied natural gas (LNG) supply, as well as overseas power generation and energy infrastructure businesses.The news was previously disclosed on Oct. 7, 2014.  Full Article

Chubu Electric Power revises full-year consolidated outlook and year-end dividend forecast for FY 2015
Friday, 30 Jan 2015 01:00am EST 

Chubu Electric Power Co Inc:Full-year consolidated outlook for revenue reaffirmed as 3,120,000 mln yen, for fiscal year ending March 31, 2015.Full-year operating profit outlook of 85,000 mln yen raised from 75,000 mln yen.Full-year ordinary profit outlook of 40,000 mln yen raised from 30,000 mln yen.Full-year net profit outlook of 28,000 mln yen lowered from 38,000 mln yen.Full-year earnings per share outlook of 36.96 yen lowered from 50.16 yen.Outlook revision based on electricity sales volume, foreign exchange rate and oil price.FY 2015 revenue of 3,043,320 mln yen and net income of 56,870 mln yen - Thomson Reuters I/B/E/S.Sees year-end dividend of 10 yen per share revised from an undetermined value, for fiscal year 2015.  Full Article

Photo

Japan's beleaguered utilities seek salvation in trading

TOKYO Forced into action by falling customers due to market liberalization and a shrinking population, Japan's utilities are ditching old long-term coal and gas supply contracts in favor of more short-term, opportunistic trading.