Press Release Back Number(2007)

Notice Regarding a Revised Forecast of Results for the Fiscal Year Ended March 31, 2007

April 11, 2007
Chubu Electric Power Co., Inc.

We have revised the forecast of results for the fiscal year ended March 2007 (April 1, 2006, to March 31, 2007) originally released at the time of the 3rd quarterly financial report on January 31, 2007.


1.Forecast Revisions

< Full Year > (April 1, 2006 - March 31, 2007)


a.Revised Forecasts of Consolidated Results for the Year Ended March 31, 2007.

  Operating Revenues
(billion yen)
Ordinary Income
(billion yen)
Net Income
(billion yen)
Previous Forecast (A) approx.2,205.0 approx.145.0 approx.88.0
Current Forecast (B) approx.2,210.0 approx.175.0 approx.88.0
Amount of Increase(decrease)
(B)-(A)
5.0 30.0 -
Rate of Increase (decrease) (%) 0.2% 20.7% -
Results for the same period of the previous year 2,150.5 219.6 119.4

b.Revised Forecasts of Non-Consolidated Results for the Year Ended March 31, 2007.

  Operating Revenues
(billion yen)
Ordinary Income
(billion yen)
Net Income
(billion yen)
Previous Forecast (A) approx.2,120.0 approx.135.0 approx.83.0
Current Forecast (B) approx.2,117.0 approx.162.0 approx.64.0
Amount of Increase(decrease)
(B)-(A)
-3.0 27.0 -19.0
Rate of Increase (decrease) (%) -0.1% 20.0% -22.9%
Results for the same period of the previous year 2,069.3 205.9 111.6

2. Reason for revision

a. Operating Revenues

Although the volume of electric energy sold declined, due to warm winter weather and other such factors, consolidated subsidiaries operating other businesses saw their sales rise.

Consequently, the forecast of consolidated results is expected to show an increase.

The forecast of non-consolidated results is expected to show a decline in operating revenues, due to the decline in the volume of electric energy sold.


b. Ordinary Income

Both the forecast of consolidated results and forecast of non-consolidated results are expected to show increases because of reductions in fuel expenses, due to there being more efficient operation of generating facilities, lower fuel prices, and so on, and because of reductions in expenses for maintenance and contracted services.


c. Net Income

Although the forecast of consolidated results shows an increase in ordinary income, the stock in Chubu Telecommunications Co., Inc. recorded a loss from a revaluation of securities, accompanied by a lump-sum amortization of goodwill (16.3 billion yen), and losses from discontinuation of hydropower plant construction (5.2 billion yen). As a consequence of these extraordinary losses, the results are expected to be the same as previously forecast.

The forecast of non-consolidated results is expected to reflect an increase in ordinary income. However, there are extraordinary losses, including the loss from the revaluation of Chubu Telecommunications Co., Inc. securities (35.6 billion yen) and losses from the discontinuation of hydropower plant construction (5.2 billion yen). As a consequence, the results are expected to be lower than previously forecast.


[ Principal figures on which outlook are based ]


Items Current Forecast Previous Forecast
Electric Energy Sold (TWh) approx.132.7 approx.132.9
CIF crude oil prices ($/b) approx.64 approx.64
Exchange rate(Inter Bank) (¥/$) approx.117 approx.117