Chubu Electric Power
Basic Information
- Stock Code
- 9502
- Industry
- Electric Power and Gas Industry
- Category Detail
- Electric Power & Gas
- Prefecture
- Aichi Prefecture
- Establishment Year
- May 1951
- Listing Year
- August 1951
- Official Website
- https://www.chuden.co.jp/
- TSE Information
- TSE Information
- Yahoo! Finance
- Yahoo! Finance
- Other Companies
- Remixpoint, Tokyo Electric Power Holdings, Kansai Electric, Chugoku Electric Power, Hokuriku Electric Power, Tohoku Electric, Shikoku Electric Power, Kyushu Electric, Hokkaido Electric Power, J-Power
Overview
Chubu Electric Power is a major power company established in 1951, holding the third largest supply capacity in Japan, centered in the Chubu region with stable power supply and renewable energy businesses.
Current Situation
Chubu Electric Power achieved consolidated sales of approximately 3.6104 trillion yen and operating profit of approximately 343.3 billion yen in the fiscal year ending March 2024. Primarily focused on electric power and gas businesses in the Chubu region, it maintains a stable revenue base as Japan's third-largest power company. It is advancing the expansion of renewable energy and diversification of energy services, while actively expanding overseas through acquisitions of European companies. It holds the Hamaoka Nuclear Power Plant, which is currently shut down, and is focusing on new energy businesses such as geothermal, wind, and solar power generation. Emphasizing sustainability and contributing to reducing environmental impact, it has recently faced challenges in corporate ethics and responses to cartel issues by the Japan Fair Trade Commission. Toward 2030, it has set strategic goals of decarbonization, DX promotion, and regional energy strengthening, pursuing management that balances stability and innovation.
Trivia
Interesting Facts
- Japan's No. 3 power supply company with high market share in the Chubu region
- Unit 7-1 at Nishi-Nagoya Thermal Power Plant holds Guinness record for 63.08% generation efficiency
- Began operations at Hamaoka Nuclear Power Plant in 1976, owning one of Japan's largest nuclear plants
- Former Chubu Electric Power logo stylized the character 'den' (electricity) symbolizing the Chubu region
- Known as one of the new Big Three in the Tokai region's business world
- Operates multiple mega solar power plants for renewable energy
- Shut down all reactors at Hamaoka Nuclear Power Plant following the 2011 Great East Japan Earthquake
- Advanced introduction of smart meters in regional energy services
- Sports support company with rugby and curling teams
- Ordered to pay surcharge for bid rigging in large customer gas contracts
- Provides energy-saving support services like KATEENE for customers
- Acquired Dutch energy company Eneco overseas
- Transitioned to holding company structure with separation of transmission and distribution due to legal requirements
- Former chairman resigned taking responsibility for inappropriate antique purchases
- Actively cooperates in regional environmental conservation and disaster prevention research
Hidden Connections
- Supports regional economy alongside Toyota Motor and JR Central as the new Big Three of the Tokai region
- JERA is a joint thermal power generation venture between Chubu Electric Power and Tokyo Electric Power with large-scale generation capacity
- Chubu Electric Power's renewable energy business is strongly linked to regional environmental policies
- Management executives hold extensive influence in the region through connections with politicians and administrative bodies
- Collaborates with Japan Escrow in real estate for participation in regional urban development
- Member of human resource development network linked to nuclear power-related organizations
- CM features popular local actors and athletes
- Expands into telecommunications and environmental solutions through group companies
Future Outlook
Growth Drivers
- Expansion of renewable energy investments toward a decarbonized society
- Energy efficiency improvements through smart grid and IoT technology introduction
- New customer acquisition from energy market liberalization
- Active entry into overseas energy markets and technology exports
- Regionally focused services and diverse power plans
- Business efficiency and customer response enhancement through DX
- Safe operation of nuclear plants and consideration of future restarts
- Technology innovation promotion through response to strengthened environmental regulations
- Technological advances in new energy developments like geothermal and hydrogen
- Ensuring reliability through disaster risk countermeasures
- Sustainable business development through collaboration with regional communities
- Multifaceted business growth leveraging group synergies
Strategic Goals
- Achieve over 40% renewable energy ratio
- 100% completion of smart transmission and distribution grid
- Realize 40% CO2 emission reduction target
- Maintain customer satisfaction above 80%
- Achieve 20% overseas revenue ratio
- Improve business efficiency through DX utilization
- New energy business revenue exceeding 100 billion yen
- Build regionally symbiotic business model
- Establish safe and stable nuclear operations
- Strengthen group governance as a holding company
Business Segments
Industrial Power Supply
- Overview
- Provides stable and efficient power supply and energy management to large industrial customers in the Chubu region.
- Competitiveness
- Regionally focused services and advanced energy management technology
- Customers
-
- Manufacturing
- Automotive manufacturers
- Textile industry
- Chemical manufacturers
- Food processing industry
- Construction industry
- Trading companies
- Logistics companies
- Public entities
- Energy-related businesses
- Products
-
- High-voltage power supply
- Energy management services
- Peak shift services
- Renewable energy power
- Energy-saving consulting
Power Generation Business
- Overview
- Conducts comprehensive power generation business using owned facilities and joint ventures with JERA.
- Competitiveness
- Diverse generation technologies and partnerships with major joint venture partners
- Customers
-
- Wholesale power operators
- Regional power networks
- Power generation joint ventures
- Large power recipients
- Products
-
- Hydropower generation
- Nuclear power generation
- LNG thermal power generation
- Renewable energy generation
Power Infrastructure Development
- Overview
- Contributes to maintaining regional infrastructure reliability through design, operation, and maintenance of transmission and distribution equipment.
- Competitiveness
- Advanced technological capabilities and years of operational experience
- Customers
-
- Transmission and distribution operators
- Municipalities
- Equipment investors
- Construction and maintenance companies
- Products
-
- Transmission and distribution network management
- Smart grid
- Grid reinforcement
- Power equipment maintenance
Energy Solutions
- Overview
- Provides services using the latest technologies to support customers' energy savings and decarbonization.
- Competitiveness
- Technological innovation and proposal capabilities tailored to regional characteristics
- Customers
-
- Corporate energy users
- Local governments
- Smart city developers
- Environmental consultants
- Products
-
- Energy storage
- Smart meters
- Energy IoT
- Energy-saving equipment
Gas Supply and Related Services
- Overview
- Provides stable gas supply and related services centered in the Chubu region.
- Competitiveness
- Regionally focused service deployment
- Customers
-
- Industrial gas users
- General households
- Commercial facilities
- Infrastructure operators
- Products
-
- City gas supply
- Gas appliance sales
- Maintenance and inspection services
Competitive Advantage
Strengths
- Stable power supply capacity and regional closeness
- Diverse power generation portfolio
- Renewable energy promotion strength
- Active investment in technological innovation
- Strong regional brand and customer base
- Comprehensive transmission and distribution network
- Large capital base and financial stability
- Overseas business expansion
- Integrated energy management capabilities
- High technological capabilities for infrastructure maintenance
- Business diversification through multiple major subsidiaries
- Sustainability initiatives
- Wide range of energy services
- Influence on regional economy
- Strong formulation of long-term business plans
Competitive Advantages
- Maintains Japan's No. 3 power supply capacity and reliability
- Achieves economies of scale through joint power generation with JERA
- Business structure capable of utilizing diverse energy sources
- Regionally specialized customized service deployment
- Advanced introduction of renewable energy and smart grid technologies
- Efficient group management through holding company structure
- Brand value backed by long-term stable management
- Strong local partnerships and relationship building
- Promotion of advanced energy-saving and decarbonization technologies
- Risk diversification through diversified business structure
- Deep ties to regional economy and social trust
- Strategic entry into overseas energy markets
- Detailed customer support closely tied to the region
- Large-scale infrastructure development and funding capabilities
- Proven track record in stable power supply and disaster response
Threats
- Risk of nuclear power shutdown due to decarbonization policies
- Impact of Japan Fair Trade Commission cartel issues
- Cost pressures from fuel price fluctuations
- Changes in revenue structure from renewable energy expansion
- Intensified competition from deregulation
- Equipment damage from natural disasters
- Increased compliance costs from strengthened environmental regulations
- Risk of loss of social trust
- Progress of competing new energy technologies
- Impact of regional economic fluctuations
- Uncertainty in overseas businesses due to geopolitical risks
- Revenue instability from market price fluctuations
Innovations
2023: Smart Grid Promotion Plan Launched
- Overview
- Strengthening introduction of smart grid technology for regional energy efficiency and supply-demand adjustment.
- Impact
- Contributes to stable power supply and improved customer services
2022: Guinness-Certified Combined Cycle Power Plant Operational
- Overview
- Unit 7-1 at Nishi-Nagoya Thermal Power Plant records world-leading 63.08% generation efficiency.
- Impact
- Achieves improved energy efficiency and reduced environmental impact
2024: Investment in Geothermal Technology Firm Ever Technologies
- Overview
- Capital participation in Canadian advanced geothermal power development company to pursue technological innovation.
- Impact
- Contributes to diversification and expansion of renewable energy sources
2021: Formulation of Business Improvement Order Response Plan
- Overview
- Advancing organizational improvements in response to cartel issues pointed out by the Japan Fair Trade Commission.
- Impact
- Strengthens compliance framework and enhances corporate value
2023: Expansion of Solar and Wind Power Plants
- Overview
- Improving renewable energy ratio through new construction and expansion of mega solar and wind power plants.
- Impact
- Achieves decarbonization goals and strengthens regional energy supply
Sustainability
- Expansion of renewable energy toward realizing a decarbonized society
- Improvement of environmental performance of power equipment and waste reduction
- Environmental conservation activities through collaboration with local communities
- Promotion of energy saving and smart energy utilization
- Compliance with laws and transparent corporate operations
- Promotion of resource-circulating business models
- Setting CO2 emission reduction targets across the group
- Technology development to reduce environmental impact on regions
- Promotion of local production and consumption of renewable energy
- Building disaster-resilient infrastructure and strengthening safety management
- Promoting dialogue with diverse stakeholders
- Deployment of business strategies toward a sustainable society