Progress of Chubu Electric Power Group Medium-Term Management Plan

Today, Chubu Electric Power put together the progress and future initiatives in realizing the “Chubu Electric Power Group Medium-Term Management Plan” formulated in April 2022.

In FY2022, which is the first year of the Medium-Term Management Plan, consolidated ordinary income excluding the time-lag impact recorded around 156 billion yen, due to decline in resource prices due to the impact of record warm winter in Europe, as well as efforts to expand thorough management efficiency measures as a group and strengthen our market responsiveness.

The business environment is expected to remain uncertain, including resource prices, but we will firmly recognize our “unchanging mission” to deliver environmentally-friendly, high-quality energy in a safe, affordable and stable manner throughout the entire value chain from fuel procurement to electricity delivery to customers under any circumstances, and accomplish the mission as a group.

In addition, we will accelerate global business initiatives and strive to “provide new values” through services that enrich the lives of customers and through contribution to solve regional issues and revitalization, toward the achievement of the medium-term management target and realization of Management Vision 2.0.

The Chubu Electric Power Group will develop business activities in accordance with the CSR Declaration, our code of conduct, thereby contributing to the development of a sustainable society with all of our stakeholders.