Board Change • May 20
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Outside Independent Director Hiroki Tanaka was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Buy Or Sell Opportunity • May 20
Now 20% undervalued after recent price drop Over the last 90 days, the stock has fallen 23% to €4.62. The fair value is estimated to be €5.78, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has declined by 6.7% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 0.9% per annum. Earnings are also forecast to grow by 0.5% per annum over the same time period. Annonce • Apr 28
The Chugoku Electric Power Co., Inc., Annual General Meeting, Jun 25, 2026 The Chugoku Electric Power Co., Inc., Annual General Meeting, Jun 25, 2026. Annonce • Apr 16
Toda Corporation (TSE:1860) and The Chugoku Electric Power Co., Inc. (TSE:9504) acquired Asia Wind power Co., Ltd. Toda Corporation (TSE:1860) and The Chugoku Electric Power Co., Inc. (TSE:9504) acquired Asia Wind power Co., Ltd. on April 16, 2026. With this acquisition, The Chugoku Electric Power Co.,Inc. and TODA join Mitsui O.S.K. Lines, Ltd. and Hokutaku Co., Ltd. as investors in the Masuda-Hikimi Wind Power Project.
Toda Corporation (TSE:1860) and The Chugoku Electric Power Co., Inc. (TSE:9504) completed the acquisition of Asia Wind power Co., Ltd. on April 16, 2026. Annonce • Mar 25
The Chugoku Electric Power Co., Inc. to Report Fiscal Year 2026 Results on Apr 28, 2026 The Chugoku Electric Power Co., Inc. announced that they will report fiscal year 2026 results on Apr 28, 2026 Annonce • Dec 23
The Chugoku Electric Power Co., Inc. to Report Q3, 2026 Results on Jan 30, 2026 The Chugoku Electric Power Co., Inc. announced that they will report Q3, 2026 results on Jan 30, 2026 Annonce • Sep 26
The Chugoku Electric Power Co., Inc. to Report Q2, 2026 Results on Oct 31, 2025 The Chugoku Electric Power Co., Inc. announced that they will report Q2, 2026 results on Oct 31, 2025 Annonce • Jun 20
The Chugoku Electric Power Co., Inc. to Report Q1, 2026 Results on Jul 31, 2025 The Chugoku Electric Power Co., Inc. announced that they will report Q1, 2026 results on Jul 31, 2025 Annonce • Apr 30
The Chugoku Electric Power Co., Inc., Annual General Meeting, Jun 26, 2025 The Chugoku Electric Power Co., Inc., Annual General Meeting, Jun 26, 2025. Annonce • Mar 19
The Chugoku Electric Power Co., Inc. to Report Fiscal Year 2025 Results on Apr 30, 2025 The Chugoku Electric Power Co., Inc. announced that they will report fiscal year 2025 results on Apr 30, 2025 Annonce • Dec 27
The Chugoku Electric Power Co., Inc. to Report Q3, 2025 Results on Jan 31, 2025 The Chugoku Electric Power Co., Inc. announced that they will report Q3, 2025 results on Jan 31, 2025 Reported Earnings • Nov 01
Second quarter 2025 earnings released: EPS: JP¥78.66 (vs JP¥168 in 2Q 2024) Second quarter 2025 results: EPS: JP¥78.66 (down from JP¥168 in 2Q 2024). Revenue: JP¥411.6b (down 6.6% from 2Q 2024). Net income: JP¥28.3b (down 53% from 2Q 2024). Profit margin: 6.9% (down from 14% in 2Q 2024). Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.8%. Over the last 3 years on average, earnings per share has increased by 71% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Upcoming Dividend • Sep 20
Upcoming dividend of JP¥5.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 13% and this is well supported by cash flows. Trailing yield: 1.0%. Lower than top quartile of German dividend payers (4.7%). Lower than average of industry peers (4.4%). Annonce • Aug 28
The Chugoku Electric Power Co., Inc. to Report Q2, 2025 Results on Oct 31, 2024 The Chugoku Electric Power Co., Inc. announced that they will report Q2, 2025 results on Oct 31, 2024 Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥64.85 (vs JP¥174 in 1Q 2024) First quarter 2025 results: EPS: JP¥64.85 (down from JP¥174 in 1Q 2024). Revenue: JP¥330.3b (down 18% from 1Q 2024). Net income: JP¥23.4b (down 63% from 1Q 2024). Profit margin: 7.1% (down from 16% in 1Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.8%. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Declared Dividend • Jul 11
Final dividend of JP¥5.00 announced Shareholders will receive a dividend of JP¥5.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 93%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (1% earnings payout ratio) and cash flows (6% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to decline by 35% over the next 3 years. However, it would need to fall by 98% to increase the payout ratio to a potentially unsustainable range. Annonce • Jun 15
The Chugoku Electric Power Co., Inc. to Report Q1, 2025 Results on Jul 31, 2024 The Chugoku Electric Power Co., Inc. announced that they will report Q1, 2025 results on Jul 31, 2024 Annonce • May 01
The Chugoku Electric Power Co., Inc., Annual General Meeting, Jun 26, 2024 The Chugoku Electric Power Co., Inc., Annual General Meeting, Jun 26, 2024. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥371 (vs JP¥431 loss in FY 2023) Full year 2024 results: EPS: JP¥371 (up from JP¥431 loss in FY 2023). Revenue: JP¥1.63t (down 3.9% from FY 2023). Net income: JP¥133.5b (up JP¥288.9b from FY 2023). Profit margin: 8.2% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to decline by 1.7% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Annonce • Apr 30
Nitto Kogyo Corporation (TSE:6651) completed the acquisition of 57.13% stake in Tempearl Industrial Co.,Ltd. from The Chugoku Electric Power Co., Inc. (TSE:9504). Nitto Kogyo Corporation (TSE:6651) agreed to acquire 57.13% stake in Tempearl Industrial Co.,Ltd. from The Chugoku Electric Power Co., Inc. (TSE:9504) on January 31, 2024. Tempearl Industrial reported net assets of ¥8,055 million, total assets of ¥12,236 million, sales of ¥10,552 million and net income of ¥231 million in fiscal year ending March 3023. The transaction is expected to close on April 30, 2024.Nitto Kogyo Corporation (TSE:6651) completed the acquisition of 57.13% stake in Tempearl Industrial Co.,Ltd. from The Chugoku Electric Power Co., Inc. (TSE:9504) on April 30, 2024. Annonce • Mar 16
The Chugoku Electric Power Co., Inc. to Report Fiscal Year 2024 Results on Apr 26, 2024 The Chugoku Electric Power Co., Inc. announced that they will report fiscal year 2024 results on Apr 26, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: JP¥7.01 loss per share (vs JP¥307 loss in 3Q 2023) Third quarter 2024 results: JP¥7.01 loss per share (improved from JP¥307 loss in 3Q 2023). Revenue: JP¥363.3b (down 16% from 3Q 2023). Net loss: JP¥2.52b (loss narrowed 98% from 3Q 2023). Revenue is expected to fall by 2.9% p.a. on average during the next 3 years compared to a 3.0% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has fallen by 15% per year and the company’s share price has also fallen by 15% per year. Annonce • Dec 10
The Chugoku Electric Power Co., Inc. to Report Q3, 2024 Results on Jan 31, 2024 The Chugoku Electric Power Co., Inc. announced that they will report Q3, 2024 results on Jan 31, 2024 Annonce • Nov 10
Kibo Investment, L.P, managed by Yokohama Capital Co., Ltd, Sony Innovation Fund 3 L.P. managed by Sony Ventures Corporation, The Chugoku Electric Power Co., Inc. and Kyushu Electric Power Company, Incorporated acquired an unknown minority stake in iXs Co., Ltd. from INCJ, Ltd. Kibo Investment, L.P, managed by Yokohama Capital Co., Ltd, Sony Innovation Fund 3 L.P. managed by Sony Ventures Corporation, The Chugoku Electric Power Co., Inc. and Kyushu Electric Power Company, Incorporated acquired an unknown minority stake in iXs Co., Ltd. from INCJ, Ltd. in November 2023.Kibo Investment, L.P, managed by Yokohama Capital Co., Ltd, Sony Innovation Fund 3 L.P. managed by Sony Ventures Corporation, The Chugoku Electric Power Co., Inc. and Kyushu Electric Power Company, Incorporated completed the acquisition of an unknown minority stake in iXs Co., Ltd. from INCJ, Ltd. in November 2023. Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: JP¥168 (vs JP¥81.21 loss in 2Q 2023) Second quarter 2024 results: EPS: JP¥168 (up from JP¥81.21 loss in 2Q 2023). Revenue: JP¥440.5b (up 1.3% from 2Q 2023). Net income: JP¥60.4b (up JP¥89.6b from 2Q 2023). Profit margin: 14% (up from net loss in 2Q 2023). Revenue is expected to fall by 1.1% p.a. on average during the next 3 years compared to a 4.8% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 60 percentage points per year, which is a significant difference in performance. Annonce • Sep 13
The Chugoku Electric Power Co., Inc. to Report Q2, 2024 Results on Oct 31, 2023 The Chugoku Electric Power Co., Inc. announced that they will report Q2, 2024 results on Oct 31, 2023 Reported Earnings • Jul 29
First quarter 2024 earnings released: EPS: JP¥174 (vs JP¥74.28 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥174 (up from JP¥74.28 loss in 1Q 2023). Revenue: JP¥401.1b (up 27% from 1Q 2023). Net income: JP¥62.6b (up JP¥89.4b from 1Q 2023). Profit margin: 16% (up from net loss in 1Q 2023). Revenue is forecast to stay flat during the next 3 years compared to a 3.8% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Annonce • Jun 24
The Chugoku Electric Power Co., Inc. to Report Q1, 2024 Results on Jul 28, 2023 The Chugoku Electric Power Co., Inc. announced that they will report Q1, 2024 results on Jul 28, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: JP¥431 loss per share (vs JP¥110 loss in FY 2022) Full year 2023 results: JP¥431 loss per share (further deteriorated from JP¥110 loss in FY 2022). Revenue: JP¥1.69t (up 49% from FY 2022). Net loss: JP¥155.4b (loss widened 291% from FY 2022). Revenue is forecast to stay flat during the next 3 years compared to a 4.6% decline forecast for the Electric Utilities industry in Europe. Reported Earnings • Feb 01
Third quarter 2023 earnings released: JP¥307 loss per share (vs JP¥59.69 loss in 3Q 2022) Third quarter 2023 results: JP¥307 loss per share (further deteriorated from JP¥59.69 loss in 3Q 2022). Revenue: JP¥430.1b (up 55% from 3Q 2022). Net loss: JP¥110.7b (loss widened 415% from 3Q 2022). Revenue is forecast to grow 1.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Annonce • Dec 07
The Chugoku Electric Power Co., Inc. to Report Q3, 2023 Results on Jan 31, 2023 The Chugoku Electric Power Co., Inc. announced that they will report Q3, 2023 results on Jan 31, 2023 Board Change • Nov 16
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 8 non-independent directors. Independent External Director Makoto Furuse was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Oct 30
Second quarter 2023 earnings released: JP¥81.21 loss per share (vs JP¥21.88 profit in 2Q 2022) Second quarter 2023 results: JP¥81.21 loss per share (down from JP¥21.88 profit in 2Q 2022). Revenue: JP¥435.0b (up 64% from 2Q 2022). Net loss: JP¥29.3b (down 471% from profit in 2Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Europe. Annonce • Oct 29
the Chugoku Electric Power Co., Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2023 The Chugoku Electric Power Co., Inc. provided consolidated earnings guidance for the year ending March 31, 2023. For the year, the company expects operating revenues of JPY 1,620,000 million, operating loss of JPY 180,000 million, net loss attributable to owners of the parent of JPY 139,000 million and LPS of JPY 385.80. Annonce • Sep 28
The Chugoku Electric Power Co., Inc. to Report Q2, 2023 Results on Oct 28, 2022 The Chugoku Electric Power Co., Inc. announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥74.28 loss per share (vs JP¥3.78 loss in 1Q 2022) First quarter 2023 results: JP¥74.28 loss per share (down from JP¥3.78 loss in 1Q 2022). Revenue: JP¥314.8b (up 43% from 1Q 2022). Net loss: JP¥26.8b (loss widened JP¥25.4b from 1Q 2022). Over the next year, revenue is forecast to grow 15% while the industry in Germany is not expected to grow. Reported Earnings • Apr 30
Full year 2022 earnings released: JP¥110 loss per share (vs JP¥40.42 profit in FY 2021) Full year 2022 results: JP¥110 loss per share (down from JP¥40.42 profit in FY 2021). Revenue: JP¥1.14t (down 13% from FY 2021). Net loss: JP¥39.7b (down 373% from profit in FY 2021). Over the next year, revenue is forecast to grow 7.4%, compared to a 4.8% growth forecast for the industry in Germany. Board Change • Apr 27
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 8 non-independent directors. Independent External Director Makoto Furuse was the last independent director to join the board, commencing their role in 2020. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Annonce • Apr 01
The Chugoku Electric Power Co., Inc. to Report Fiscal Year 2022 Results on Apr 28, 2022 The Chugoku Electric Power Co., Inc. announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.5%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (4.2%). Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: JP¥59.69 loss per share (down from JP¥0.37 profit in 3Q 2021). Revenue: JP¥277.6b (down 5.7% from 3Q 2021). Net loss: JP¥21.5b (down JP¥21.6b from profit in 3Q 2021). Revenue exceeded analyst estimates by 19%. Over the next year, revenue is expected to shrink by 3.2% compared to a 9.4% growth forecast for the industry in Germany. Annonce • Feb 01
The Chugoku Electric Power Co., Inc. Provides Consolidated Earnings Guidance for the Year Ending March 31, 2022 The Chugoku Electric Power Co., Inc. provided consolidated earnings guidance for the year ending March 31, 2022. For the year, the company expects operating revenues of JPY 1,119,000 million, operating loss of JPY 55,000 million, net loss attributable to owners of the parent of JPY 37,000 million and LPS of JPY 102.70. Reported Earnings • Oct 30
Second quarter 2022 earnings released: EPS JP¥21.88 (vs JP¥63.17 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥265.4b (down 21% from 2Q 2021). Net income: JP¥7.88b (down 65% from 2Q 2021). Profit margin: 3.0% (down from 6.8% in 2Q 2021). Upcoming Dividend • Sep 22
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.9%). Reported Earnings • Aug 03
First quarter 2022 earnings released: JP¥3.78 loss per share (vs JP¥32.04 profit in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and control over costs. First quarter 2022 results: Revenue: JP¥220.1b (down 28% from 1Q 2021). Net loss: JP¥1.36b (down 112% from profit in 1Q 2021). Reported Earnings • May 01
Full year 2021 earnings released: EPS JP¥40.42 (vs JP¥259 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: JP¥1.31t (down 3.0% from FY 2020). Net income: JP¥14.6b (down 84% from FY 2020). Profit margin: 1.1% (down from 6.7% in FY 2020). Upcoming Dividend • Mar 23
Upcoming dividend of JP¥25.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.3%). In line with average of industry peers (3.6%). Is New 90 Day High Low • Mar 10
New 90-day high: €10.31 The company is up 4.0% from its price of €9.95 on 10 December 2020. The German market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Electric Utilities industry, which is down 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.51 per share. Annonce • Mar 04
The Chugoku Electric Power Co., Inc. to Report Fiscal Year 2021 Results on Apr 28, 2021 The Chugoku Electric Power Co., Inc. announced that they will report fiscal year 2021 results on Apr 28, 2021 Analyst Estimate Surprise Post Earnings • Feb 03
Revenue beats expectations Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is expected to shrink by 2.6% compared to a 14% growth forecast for the Electric Utilities industry in Germany. Is New 90 Day High Low • Dec 23
New 90-day low: €9.50 The company is down 11% from its price of €10.70 on 24 September 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 16% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.34 per share. Is New 90 Day High Low • Dec 08
New 90-day low: €9.90 The company is down 4.0% from its price of €10.30 on 09 September 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 13% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.67 per share. Annonce • Dec 05
The Chugoku Electric Power Co., Inc. to Report Q3, 2021 Results on Jan 29, 2021 The Chugoku Electric Power Co., Inc. announced that they will report Q3, 2021 results on Jan 29, 2021 Reported Earnings • Nov 15
Second quarter 2021 earnings released: EPS JP¥63.17 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥336.1b (down 5.1% from 2Q 2020). Net income: JP¥22.8b (down 73% from 2Q 2020). Profit margin: 6.8% (down from 24% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Is New 90 Day High Low • Nov 06
New 90-day high: €11.10 The company is up 9.0% from its price of €10.20 on 07 August 2020. The German market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is up 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €7.32 per share. Analyst Estimate Surprise Post Earnings • Nov 04
Revenue beats expectations Revenue exceeded analyst estimates by 5.3%. Over the next year, revenue is expected to shrink by 4.4% compared to a 17% growth forecast for the Electric Utilities industry in Germany. Reported Earnings • Nov 02
Second quarter 2021 earnings released: EPS JP¥63.17 The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2021 results: Revenue: JP¥336.1b (down 5.1% from 2Q 2020). Net income: JP¥22.8b (down 73% from 2Q 2020). Profit margin: 6.8% (down from 24% in 2Q 2020). The decrease in margin was primarily driven by higher expenses. Annonce • Sep 13
The Chugoku Electric Power Co., Inc. to Report Q2, 2021 Results on Oct 30, 2020 The Chugoku Electric Power Co., Inc. announced that they will report Q2, 2021 results on Oct 30, 2020