TYO:9502

6 stories mentioning TYO:9502Updated 1d ago

Every FINWIRES story that references TYO:9502, newest first.

Chubu Electric Fiscal Q1 Declines; Revenue Climbs

Chubu Electric Power (TYO:9502) profit attributable to owners of the parent fell 59% to 35.2 billion yen for the fiscal first quarter from 85.3 billion yen a year earlier.The energy company's basic profit per share was 46.60 yen, compared with 112.98 yen a year earlier, according to a Tokyo bourse filing on Wednesday.Operating revenue rose 3.2% to 825.8 billion yen for the three months ended June 30 from 800.3 billion yen a year ago.For the fiscal year ending March 31, 2027, the company expects profit attributable to owners of parent of 160 billion yen, profit per share of 211.81 yen and operating revenue of 3.900 trillion yen.The company plans to pay interim and year-end dividends of 35 yen per share each for the current year, unchanged from the year-ago period.

TYO:9502

Asia28d ago

Update: Chubu Electric Says to Continue Working With Japan Authority as Probe Alleges Earthquake Data Manipulation

(Updates throughout to add more details and a statement from Chubu Electric)Chubu Electric Power (TYO:9502) will continue to work with the Nuclear Regulation Authority over the Japanese regulator's ongoing probe and findings that the company was engaged in and continues to do so in earthquake data manipulation.The Thursday statement sent towas in response to a request for comment on a Wednesday report from The Asahi Shimbun. The article about the NRA's regular meeting on the Hamaoka nuclear plant quoted NRA Chair Shinsuke Yamanaka as flagging "a collective loss of engineers' sense of ethics" at Chubu Electric."During the report, an explanation was provided regarding the fact that, after our company was contacted by the Nuclear Regulation Authority Secretariat in May of last year with a request for an investigation related to the establishment of the design basis earthquake ground motion, we had recombined seismic waves for certain earthquakes used in the study, excluding the representative wave," Chubu Electric said. "We take this Conduct in Question extremely seriously and would like to once again express our sincerest and deepest apologies."

TYO:9502

Asia28d ago

Market Chatter: NRA Chief Says Chubu Electric Kept Presenting Misleading Information During Probe

Chubu Electric Power (TYO:9502) continued to present data intended to support its original misleading information even after its Hamaoka nuclear plant came under investigation from Japan's Nuclear Regulation Authority, The Asahi Shimbun reported Wednesday, citing the head of the government agency.According to NRA chair Shinsuke Yamanaka, the company manipulated data about the maximum level of earthquake shaking anticipated at the power plant to support its initial assessment, the report said.The dodgy data was included in the company's application for restarting the No. 3 and 4 reactors at the nuclear plant, according to the report.Chubu Electric submitted a report to Japan's economy ministry and the Nuclear Regulation Authority over irregularities in seismic assessment at its Hamaoka nuclear plant earlier this year.The report found at least 80 cases of falsified seismic data at its Hamaoka nuclear plant in Omaezaki, with internal warnings going unaddressed for years, the report said.Chubu Electric did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:9502

Asia28d ago

JERA Launches New Singapore-Based LNG Unit to Strengthen Supply Security

Japan's largest power generator JERA has set up a Singapore-based wholly owned unit, JERA GES, to oversee its long-term LNG, upstream, shipping, and lower-carbon fuels portfolio.The new entity will serve as JERA's exclusive long-term origination platform, working alongside its trading arm, JERAGM, to combine portfolio resilience with short-term market agility, according to a statement on Wednesday.Irtiza H. Sayyed has been named CEO, while Ryosuke Tsugaru will provide strategic oversight from headquarters.The new unit will ensure continuity for partners while taking over existing operations to advance lower-carbon fuels and secure Japan's supply amidst market volatility.JERA is a 50: 50 joint venture between Tokyo Electric Power(TYO:9501) and Chubu Electric Power (TYO:9502).

Nikkei 225TYO:9501TYO:9502

Asia35d ago

Market Chatter: JERA Expects LNG Prices Staying Firm on Qatar Repairs, European Demand

JERA expects LNG prices to stay firm over the next year due to slow Qatar facility repairs and Europe's winter stockpiling, Reuters News reported on Thursday, citing chairman Yukio Kani.Kani said repairing Qatar's missile-damaged facilities would take more than two years, while Europe's low stockpiles and Russian gas phase-out would keep spot demand strong, the news wire said.He told reporters that these factors would prevent significant price declines in the near term, the publication said.JERA, a 50-50 joint venture between Tokyo Electric Power Company (TYO:9501) and Chubu Electric Power (TYO:9502) is Japan's largest power generation company.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Nikkei 225TYO:9501TYO:9502

Asia50d ago

Petronas Unit Enters 20-Year LNG Supply Contract with Tokyo Electric-Chubu Electric JV

Petroliam Nasional, or Petronas, unit Petronas LNG agreed to supply up to 2 million tons per annum of LNG to Japan's Jera, according to a company release on Wednesday.The contract will run for 20 years beginning in 2028.The company will deliver the LNG using its new generation of 174,000-cubic-meter LNG carriers.The LNG market is being influenced by high demand, supply disruption, price volatility, and security issues."PETRONAS remains focused on delivering reliable and tailored solutions, supporting our partners in strengthening energy security while advancing their transition ambition," PETRONAS Executive Vice President and CEO of Gas and Maritime Business, Datuk Adif Zulkifli, said.Jera is a joint venture of Tokyo Electric Power Company (TYO:9501) and Chubu Electric Power (TYO:9502).

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