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

9502.T on Tokyo Stock Exchange

1,422JPY
19 Dec 2014
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Latest Key Developments (Source: Significant Developments)

Tokyo Electric Power Co Inc to set up joint venture with Chubu Electric Power
Tuesday, 7 Oct 2014 02:00am EDT 

Tokyo Electric Power Co Inc:Announces to set up a joint venture, which to be engaged in fuel business, with Chubu Electric Power.Tokyo Electric Power to hold 50 pct stake in the joint venture and Chubu Electric Power to hold 50 pct stake in the joint venture.  Full Article

R&I affirms Chubu Electric Power Co Inc's rating at "A+" and announces negative outlook
Thursday, 31 Jul 2014 10:15pm EDT 

Chubu Electric Power Co Inc:Rating and Investment Information, Inc. (R&I) affirmed the company's rating at "A+".Rating outlook negative.  Full Article

Chubu Electric Power expects extraordinary profit for Q2 of FY 2015 and raises full-year consolidated profit outlook for FY 2015
Thursday, 31 Jul 2014 02:00am EDT 

Chubu Electric Power Co Inc:Sees extraordinary profit of 28 bln yen as settlement payment received for facility problem, for Q2 of fiscal year ending March 31, 2015.Full-year consolidated outlook for revenue of 3,090,000 mln yen, for fiscal year ending March 31, 2015.Full-year operating profit outlook of 75,000 mln yen raised from 65,000 mln yen.Full-year ordinary profit outlook of 30,000 mln yen raised from 20,000 mln yen.Full-year net profit outlook of 38,000 mln yen raised from 12,000 mln yen.Full-year earnings per share outlook of 50.16 yen raised from 15.84 yen.Outlook revised due to appreciation of yen and the extraordinary profit.FY 2015 revenue of 3,031,740 mln yen, operating profit of 82,520 mln yen and net profit of 30,840 mln yen - Thomson Reuters I/B/E/S.  Full Article

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

Tepco, Chubu to hold Japan's first joint LNG tender

TOKYO, Dec 17 - Tokyo Electric Power Co and Chubu Electric Power Co,, two of the world's biggest buyers of liquefied natural gas (LNG), are holding an international tender for the fuel, one of the utilities said.

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