Chubu Electric Power Company,incorporated · TSE:9502
Chubu Electric Power Company,incorporated — Q1 FY2025 Earnings Presentation
46 slides from Chubu Electric Power Company,incorporated's earnings presentation, July 2025
Slide 1: Presentation Materials for Investors 1st Quarter FY2025
Presentation Materials for Investors 1st Quarter FY2025 July, 2025
Slide 2: INDEX
INDEX Ⅰ Outline of Financial Results for Ⅲ Reference Data: Related to Three-Months ended June 30, 2025 PBR Improvement Measures Summary of Financial Results ･････････････01 Progress of the mid-term management plan, etc. ･････････････17 Summary of Financial Results by Segments ･････････････04 Ⅳ Refer
Slide 3: Outline of Financial Results for Three-Months ended June 30, 2025
Outline of Financial Results for Ⅰ Three-Months ended June 30, 2025 Note:The company’s fiscal year (FY) is from April 1 to March 31 of the following year. FY2025 represents the fiscal year begun on April 1, 2025, and ending on March 31, 2026. 1st Quarter (1Q) represents three months period ended Jun
Slide 4: Summary of Financial Results <1>
Summary of Financial Results <1> <Points of Financial Results> (Consolidated) ■ Operating revenue: 800.3 billion yen Operating revenue decreased by 20.2 billion yen compared with 2024/1Q, mainly due to factors such as the impact of TOENEC CORPORATION becoming an affiliate rather than a subsidiary in
Slide 5: Summary of Financial Results <2>
Summary of Financial Results <2> <Factors contributing to change in consolidated operating revenue> (Operating revenue decreased by 20.2 billion yen) 10,000 1,000.0 (Billion yen) 900.0 9,000 The impact of TOENEC CORPORATION becoming an affiliate rather than a subsidiary in 2024/2Q Others 800.0 8,000
Slide 6: Summary of Financial Results <3>
Summary of Financial Results <3> <Factors contributing to change in consolidated ordinary profit> 200.0 2,000 (Ordinary profit decreased by 20.0 billion yen) (Billion yen) Miraiz (Excluding 150.0 JERA Time lag income time lag) Power Grid (Excluding 15.0 -17.5 time lag) (14.0 → 29.0) 0 Others -11.5 -
Slide 7: Summary of Financial Results by Segments <1>
Summary of Financial Results by Segments <1> (Billion yen, %) 2025/1Q 2024/1Q Change (A) (B) (A-B) (A-B)/B Miraiz 670.2 655.5 14.6 2.2 Operating Power Grid 202.8 195.0 7.7 4.0 revenue Other (*1) 156.1 214.8 (58.7) (27.3) Adjustment (228.8) (244.8) 15.9 (6.5) Total 800.3 820.5 (20.2) (2.5) Miraiz 51.
Slide 8: Summary of Financial Results by Segments <2>: Miraiz
Summary of Financial Results by Segments <2>: Miraiz <Factors contributing to change in Ordinary profit> ■ Ordinary profit decreased by 14.5 billion yen compared with 2024/1Q, mainly due to increased fixed power costs, the reaction to the previous year's abundant rainfall although there were cost re
Slide 9: Summary of Financial Results by Segments <3>: Power Grid
Summary of Financial Results by Segments <3>: Power Grid <Factors contributing to change in Ordinary profit> Ordinary profit was 4 billion yen, the same as 2024/1Q, mainly due to a decrease in supply and demand adjustment costs in spite of a decrease in transmission revenue by a decrease in energy
Slide 10: Summary of Financial Results by Segments <4>: JERA
Summary of Financial Results by Segments <4>: JERA <Factors contributing to change in Ordinary profit> Ordinary profit increased by 0.4billion yen compared with 2024/1Q, mainly due to an increase of the time lag gain although there was a decrease in profits from overseas and renewable energy power
Slide 11: Electrical Power Generation
Electrical Power Generation <Electrical Power Generation> (Chubu Electric Power) ■ Hydro Decreased by 0.2 TWh since the flow rate was lower than 2024/1Q ■ Renewable energy Same as 2024/1Q (TWh,%) 2025/1Q 2024/1Q Change (A) (B) (A-B) (A-B)/B Hydro 3.0 3.2 (0.2) (5.8) <flow rate> <103.8> <116.1> <(12.
Slide 12: [Reference] Image of Time Lag (Result)
[Reference] Image of Time Lag (Result) (Billion yen) ＜2024/1Q＞ ＜2025/1Q＞ Income Income 14.0 29.0 Elements of income 収益の諸元 (time lag from fuel procurement) （燃料調達からのタイムラグ） 費用の諸元 Elements of cost （燃料調達） (fuel procurement) 2024/4 2024/7 2025/4 2025/7 2026/4 * The amount is the total of the time-lag inco
Slide 13: Summary of Forecast for FY2025 <1>
Summary of Forecast for FY2025 <1> <Forecast> (Consolidated) Forecast has not been revised from the previous announcement made on April 28, 2025. Consolidated operating revenue: 3,550.0 billion yen (forecast) Consolidated ordinary profit: 230.0 billion yen (forecast) ･ Operating revenue will dec
Slide 14: Summary of Forecast for FY2025 <2>
Summary of Forecast for FY2025 <2> [Principal Figures] <Electrical Energy Sold by Miraiz> (TWh,%) Current April 28 Change (A) (B) (A-B) (A-B)/B Electrical Energy Sold 107.2 107.2 - - Electrical Energy Sold - - 118.3 118.3 including group companies(*) Competitive impacts in sales <approx. 1.0> [Refer
Slide 15: [Reference] Impact of US tariff policy
[Reference] Impact of US tariff policy <Impact of US tariff policy on electricity demand> As of 28 April 2025, we understood that the impact on electricity demand would be as shown in the reference below. However, industrial electricity demand in the Chubu area for the April to June 2025 period is
Slide 16: Reference Data: Financial Results
Ⅱ Reference Data: Financial Results C opyri g h t © C hubu E l ec t ri c P ower C o. , Inc . A l l ri ght s res erv e d .
Slide 17: Consolidated Statements of Income
Consolidated Statements of Income (Billion yen,%) 2025/1Q 2024/1Q Change (A) (B) (A-B) (A-B)/B Operating revenue 800.3 820.5 (20.2) (2.5) Share of profit of entities accounted for using equity method 42.6 40.9 1.6 4.0 Other 2.7 5.7 (2.9) (52.0) Non-operating income 45.3 46.7 (1.3) (2.9) Ordinary rev
Slide 18: Consolidated Financial Standing
Consolidated Financial Standing (Billion yen) June. 30, 2025 Mar. 31, 2025 Change (A) (B) (A-B) Assets 7,120.0 7,124.8 (4.7) Liabilities 4,261.0 4,266.2 (5.2) Net assets 2,859.0 2,858.5 0.5 (Billion yen) June. 30, 2025 Mar. 31, 2025 Change (A) (B) (A-B) Shareholders’ equity ratio (%) 39.2 39.1 0.1 O
Slide 19: Forecast for FY2025 by Segments
Forecast for FY2025 by Segments <Forecast for FY2025 by Segments> (Ordinary profit ) Forecast has not been revised from the previous announcement made on April 28, 2025. [Ordinary Profit (Loss)] (Billion yen, %) FY2025 FY2024 Change (Forecast) (A) (Result) (B) (A-B) (A-B)/B Miraiz 95.0 117.0 (approx
Slide 20: Consolidated Financial Indicators
Consolidated Financial Indicators FY2024 FY2025 FY2025 [Medium-term(%) (Result) (Forecast) management plan] ＲОＩＣ 3.8 3.3 3.2or more ＲＯＡ 4.1 approx.3 - Miraiz 17.6 approx.12 - Power Grid 2.5 approx.1 - JERA 3.3 approx.5 - Real Estate Business * ― approx.5 - ＲＯＥ 7.0 approx.6 approx.7 * The Real Estate
Slide 21: Reference Data: Related to PBR Improvement Measures
Reference Data: Related to PBR Ⅲ Improvement Measures The detailed materials are disclosed in the document titled “Chubu Electric Power Group’s Initiatives for Achieving Medium-term Management Plan," published on April 28, 2025. Please refer to it. （URL）https://www.chuden.co.jp/english/resource/corp
Slide 22: Progress of the Medium-term Management Plan
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Progress of the Medium-term Management Plan • Excluding the time lag in the fiscal year ended March 31, 2025, we expect consolidated ordinary profit to be approximately 210 billi
Slide 23: Future challenges
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Status of Priority Initiatives in the Medium-term Management Plan, Future Challenges, and Direction of Responses Chubu Electric Power Group overall: Strengthened earning power ce
Slide 24: Enhanced Dialogue with Capital Markets
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Enhanced Dialogue with Capital Markets • This report incorporates primarily matters of high interest identified through dialogue with shareholders and investors. • We will work t
Slide 25: Specific Efforts to Improve PBR
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Specific Efforts to Improve PBR • We are advancing initiatives to improve PBR by breaking it down into ROE and PER. Current status (FY2024 results) Current recognition Expected l
Slide 26: Progress of Investment and Capital Policies (Financial Framework)
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Progress of Investment and Capital Policies (Financial Framework) • In preparation for our next medium-term management plan, Chubu Electric Power will form an optimal business po
Slide 27: Progress of investment and capital policies (cash allocation)
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Progress of investment and capital policies (cash allocation) • Cash-IN ：We are generating stable profits primarily through our energy business, and are also working on selling p
Slide 28: Implementation status of capital policies: FY2010-FY2025
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Progress of investment and capital policies (Implementation status of capital policies: FY2010-FY2025) • Since the earthquake, dividends have been gradually restored, and we were
Slide 29: Progress of investment and capital policies (optimal capital structure)
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Progress of investment and capital policies (optimal capital structure) • We are continuously reviewing updates to the balance sheet in preparation for the formulation of the nex
Slide 30: Reference Data: Management Information
Ⅳ Reference Data: Management Information C opyri g h t © C hubu E l ec t ri c P ower C o. , Inc . A l l ri ght s res erv e d .
Slide 31: Consolidated Ordinary Profit (Loss) and Profit (Loss)
Consolidated Ordinary Profit (Loss) and Profit (Loss) [Ordinary Profit (Loss)] [Profit (Loss)] (billion yen) (billion yen) 450.0 509.2 403.1 500.0 400.0 350.0 400.0 300.0 250.0 300.0 276.4 202.0 230.0 200.0 185.0 163.4 191.8 192.2 147.2 200.0 150.0 114.6 121.4 128.5112.9 100.0 74.3 79.4 100.0 65.1 5
Slide 32: Fund Raising and Outstanding Interest-bearing Debt
Fund Raising and Outstanding Interest-bearing Debt [Fund raising (Nonconsolidated) ] [Outstanding Interest-bearing debt (Consolidated) ] (billion yen) (billion yen) 900.0 3,400.0 approx.3,260.0 800.0 3,200.0 3,079.1 700.0 3,077.8 Funding Plan 3,000.0 2,981.1 2,925.7 600.0 350.0 2,800.2 500.0 2,800.0
Slide 33: Consolidated Cash Flow
Consolidated Cash Flow (billion yen) 600.0 Cash Flows from Operating Activities Cash Flows from Investing Activities FCF 424.1 * Capital Investment 400.0 384.1 335.0 344.0 296.4 295.7 301.3 255.8 approx.220.0 200.0 168.3 98.8 79.6 21.6 0.0 (90.4) (25.1) (240.3) (71.9) (44.2) (200.0) (215.8) (196.9)
Slide 34: Consolidated Financial Ratio and Credit Ratings
Consolidated Financial Ratio and Credit Ratings (%) [Shareholders’ equity ratio] [Debt-Equity ratio] approx. 40.0 39.1 39 (Times) 36.4 2.5 35.7 35.0 34.4 32.7 31.9 2.0 31.1 31.3 1.7 29.7 1.6 30.0 1.5 1.5 1.4 1.4 1.3 1.2 approx. 1.1 1.1 1.1 25.0 1.0 20.0 0.5 （FY） （FY） 2016 2017 2018 2019 2020 2021 20
Slide 35: Consolidated ROA and ROE
Consolidated ROA and ROE (%) [ROA] *Figures excluding time lag (%) [ROE] *Figures excluding time lag 6.0 5.8 12.0 11.6 5.0 10.0 4.1 4.0 8.0 7.4 7.0 3.4 approx. 6.6 6.8 approx. 3.2 3.2 3 6.3 6.3 6 3.0 3.0 2.8 6.0 5.5 2.6 4.1 2.0 4.0 1.4 1.0 2.0 0.0 0.0 (1.0) (2.0) (2.0) (4.0) 2016 2017 2018 2019 2020
Slide 36: Consolidated ROIC and Total Shareholders Return (TSR)
Consolidated ROIC and Total Shareholders Return (TSR) (%) [ROIC] *Figures excluding time lag [TSR] 6.0 Total Shareholders Return is a ratio that return earned 5.5 on equity investments (dividend and capital gain) (%) divided by investment amount (stock price). 5.0 240.0 216.8 210.0 213.4 4.0 3.8 app
Slide 37: Key Indicators of Miraiz
Key Indicators of Miraiz １ Share of Other Operators*1 in the Chubu Area (%) FY2022 FY2023 FY2024 FY2025*2 Chubu Area 20.1％ 16.4％ 15.9％ 14.8% *1 Former general electric utilities and Power Producers and Suppliers, etc. *2 Calculated based on the actual results from April to June 2025. (Reference) Sha
Slide 38: Monthly Breakdown of Electrical Energy Sold of Miraiz
Monthly Breakdown of Electrical Energy Sold of Miraiz (TWh) FY2025 Apr. May June 1Q Low voltage 2.3 2.0 1.8 6.1 High voltage・ Extra-high 6.1 6.0 6.6 18.7 voltage Total 8.5 8.0 8.4 24.8 (TWh) FY2024 Apr. May June July Aug. Sep. Oct. Nov. Dec. Jan. Feb. Mar. Total Low voltage 2.5 2.0 1.9 2.1 3.2 2.9 2
Slide 39: Structure of Power Procured (preliminary results)
Structure of Power Procured (preliminary results) *1 Structure of Power Procured Usage status of non-fossil fuel certificate Other*5 Hydro(over 30MW) *2 Specified in renewable energy 12% 4% 4% JEPX*4 Not Specified 11% Other 14% 13%*5 Coal Coal JPEX 19% 19% 11%*4 FIT*3 Renewable*2*7 6% 3% Nuclear*2 1
Slide 40: Overview of Renewable Energy Business
Overview of Renewable Energy Business At present, the capacity of our entire group is approx. 1,180 MW, against the target of expanding renewable energy capacity* to 3.2 GW or more by around 2030. * In addition to the renewable energy facilities owned by our group, this includes the capacity of fa
Slide 41: Expansion of Global Business <1>
Expansion of Global Business <1> Main initiatives for FY 2025 Signing agreement with Lotus We and Lotus Infrastructure Partners, LP , a U.S.-based energy infrastructure investment firm, have Jun Infrastructure Partners, LP to form a reached an agreement to form a strategic relationship. We’ll seek t
Slide 42: Expansion of Global Business <2>
Expansion of Global Business <2> In Europe, we use Eneco as platform for European strategy to expand growth areas (renewable, retail, new services). About acquisition of Eneco Investment 4.1 billion euros (approx. 500 billion yen) (Mar. 2020) (Investment ratio : Mitsubishi 80%, Chubu 20%) Business
Slide 43: Initiatives for Restarting the Hamaoka Nuclear Power Station
Initiatives for Restarting the Hamaoka Nuclear Power Station • The Hamaoka Nuclear Power Station is undergoing inspection by the Nuclear Regulation Authority for compliance with new regulatory standards. Following the standard seismic motion was deemed generally appropriate in September 2023, the st
Slide 44: Regional Revitalization through Real Estate Business
Excerpt from ‘Chubu Electric Power Group's Initiatives for Achieving Medium-term Management Plan’ published in April 2025 Regional Revitalization through Real Estate Business • We go beyond supporting the operations and joint projects of Chuden Real Estate and ES-CON JAPAN, promoting community build
Slide 45: DISCLAIMER
DISCLAIMER The forecasts in this presentation are based on information available as of the date of this announcement was made, and also, assumptions as of the date of this announcement were made on uncertain factors that would affect future results. Actual results may materially differ by various ca
Slide 46: C opyri g h t © C hubu E l ec t ri c
C opyri g h t © C hubu E l ec t ri c P ower C o. , Inc . A l l ri ght s res erv e d .
Chubu Electric Power — Q1 FY2025 Earnings Presentation on 6ix