Overview
Electric Power and Gas

The Chugoku Electric Power Company,Incorporated

Chugoku Electric Power is a vertically integrated energy utility headquartered in Hiroshima, serving the Chugoku region of western Japan. The company operates across three strategic business domains: comprehensive energy services (electricity and LNG supply), transmission and distribution (through subsidiary Chugoku Electric Power Network), and information and communications (through subsidiary Enecom). The group pursues a total solutions strategy, combining power generation assets including nuclear, thermal, and renewable sources with value-added energy and ICT services.

Market Cap
¥362B
US$2.31B
EV
¥3,278B
US$20.9B
Stock¥1,005.5▲+0.00%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
17.7
x
LTM EV/EBIT
72.5
x
LTM PER
9.5
x
LTM PBR
0.5
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-4.9%pt
10012
Oct 24, 25 – Oct 23, 26StockTOPIX
1Nov 4, 25Unidentified event (individual rise)
2Feb 2, 26Unidentified event (individual decline)
MC → EV Bridge
362BUS$2.31BMarket Cap3,334BUS$21.3B+ Debt298BUS$1.90B− Cash119BUS$760M− Inv. Sec.3,278BUS$20.9BEV
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Performance & Balance
Revenue 5Y (¥B)
1,137US$7.25B'22/31,695US$10.8B'23/31,629US$10.4B'24/31,529US$9.75B'25/31,442US$9.20B'26/3
EBITDA 5Y (¥B)
18.9US$120M'22/323.7US$151M'23/3313US$2.00B'24/3244US$1.56B'25/3229US$1.46B'26/3
Net Income 5Y (¥B)
-39.7-US$253M'22/3-155-US$991M'23/3134US$851M'24/398.5US$628M'25/368.5US$437M'26/3
Capital Structure
19%
81%
EquityD/E 4.30xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
216US$1.38B2,150US$13.7B'22/3401US$2.56B2,996US$19.1B'23/3450US$2.87B2,977US$19.0B'24/3415US$2.65B3,152US$20.1B'25/3543US$3.46B3,303US$21.1B'26/3
Shareholders
Top 10 hold 37.3%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
11.81%
2
Yamaguchi Prefecture
9.43%
3
Custody Bank of Japan, Ltd. (Trust Account)
4.24%
4
Nippon Life Insurance Company
2.88%
5
Chugoku Electric Power Stock Investment Association
2.00%
6
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
1.86%
7
The Hiroshima Bank, Ltd.
1.39%
8
BROWN BROTHERS HARRIMAN (LUXEMBOURG) SCA CUSTODIAN FOR ARCUS FUND SICAV - ARCUS JAPAN FUND (Standing Proxy: MUFG Bank, Ltd.)
1.29%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.26%
10
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.18%
Management
12 officers
Shigeru ASHIYA
Representative Director, Chairman
Apr 1979 Joined The Chugoku Electric Power Co., Inc. Jun 2011 Executive Officer, Deputy General Manager, Power Generation Division; General Manager (General Coordination), Power Generation Division Jun 2013 Executive Officer, General Manager, Tottori Branch; Deputy General Manager, Shimane Nuclear Power Division, Power Generation Division Jun 2016 Managing Executive Officer, Deputy General Manager, Power Generation Division Jun 2017 Director, Managing Executive Officer, Deputy General Manager, Power Generation Division Jun 2018 Director, Managing Executive Officer, Deputy General Manager, Power Generation Division; General Manager, International Business Division Jun 2020 Representative Director, Executive Vice President and Executive Officer; General Manager, Power Generation Division; General Manager, Information and Telecommunications Division Jun 2022 Representative Director, Executive Vice President and Executive Officer; General Manager, Power Generation Division Jun 2023 Representative Director, Chairman (current)
1956-04-07
Kengo NAKAGAWA
Representative Director, President and Executive Officer
Apr 1985 Joined The Chugoku Electric Power Co., Inc. Jun 2017 Executive Officer, General Manager, Corporate Planning Division (Facilities and Technology) Oct 2017 Executive Officer, Deputy General Manager, Sales Division Jun 2020 Executive Officer, General Manager, Supply-Demand and Trading Division Jun 2021 Managing Executive Officer, General Manager, Supply-Demand and Trading Division Jun 2023 Representative Director, President and Executive Officer Apr 2024 Representative Director, President and Executive Officer; Project Leader, Supply-Demand Optimization Project Oct 2024 Representative Director, President and Executive Officer (current)
1961-06-29
Kyosuke MINAMOTO
Representative Director, Executive Vice President and Executive Officer; in charge of Regional Co-creation, Human Capital Activation, and Compliance and Risk Management Divisions; Corporate Culture Transformation; Human Resource Development
Apr 1982 Joined The Chugoku Electric Power Co., Inc. Jun 2016 Executive Officer, General Manager, Public Relations Division; General Manager, Kamiseki Nuclear Power Site Project (Public Relations) Oct 2017 Executive Officer, General Manager, Public Relations, Regional Co-creation Headquarters; General Manager, Kamiseki Nuclear Power Site Project (Public Relations) Jan 2020 Executive Officer, General Manager (Regional Oversight), Regional Co-creation Headquarters Jun 2020 Managing Executive Officer, General Manager, Regional Co-creation Headquarters Jun 2023 Director, Managing Executive Officer, General Manager, Regional Co-creation Headquarters Apr 2024 Director, Managing Executive Officer, Project Leader, Profitability Enhancement Project; General Manager, Regional Co-creation Headquarters Oct 2024 Director, Managing Executive Officer, General Manager, Regional Co-creation Headquarters Jun 2025 Representative Director, Executive Vice President and Executive Officer; in charge of Regional Collaboration and Co-creation, Governance Enhancement, Corporate Culture Transformation, Human Resource Development Jun 2026 Representative Director, Executive Vice President and Executive Officer; General Manager, Regional Co-creation, Human Capital Activation, and Compliance and Risk Management Divisions (current); Corporate Culture Transformation (current); Human Resource Development (current)
1959-11-15
Hiroko SOTOBAYASHI
Director, Managing Executive Officer; General Manager, Business Development Headquarters and Operations Division; Women's Empowerment Promotion
Apr 2004 Joined The Chugoku Electric Power Co., Inc. Jun 2020 Executive Officer, General Manager, Corporate Planning Division (Group Management Promotion) Jun 2023 Managing Executive Officer, General Manager, Corporate Planning Division (Group Management Promotion) Feb 2024 Managing Executive Officer, General Manager, Internal Audit Division Jun 2024 Director, Managing Executive Officer, in charge of Women's Empowerment Promotion; General Manager, Internal Audit Division Jun 2026 Director, Managing Executive Officer, General Manager, Business Development Headquarters and Operations Division (current); in charge of Women's Empowerment Promotion (current)
1960-07-24
Kimitoshi NAKAMURA
Director, Managing Executive Officer; General Manager, Corporate Planning and Management Control Divisions; DX Promotion
Apr 1983 Joined The Chugoku Electric Power Co., Inc. Jun 2017 Executive Officer (equivalent), Chief, Audit and Supervisory Committee Office Jun 2019 Executive Officer, General Manager, Procurement Headquarters (Accounting) Jun 2022 Managing Executive Officer, General Manager, Procurement Headquarters (Accounting) Jun 2024 Managing Executive Officer, General Manager, Corporate Planning Division Jun 2025 Director, Managing Executive Officer, General Manager, Management Control Division Oct 2025 Director, Managing Executive Officer, General Manager, Procurement Headquarters; General Manager, Management Control Division Jun 2026 Director, Managing Executive Officer, General Manager, Corporate Planning and Management Control Divisions (current); DX Promotion (current)
1960-11-29
Kiyotaka SHOBUDA
Director
Jun 2016 Director, Senior Managing Executive Officer, Quality, Brand Promotion, Production and Logistics, Mazda Motor Corporation Apr 2017 Director, Senior Managing Executive Officer, Quality, Brand Promotion, Purchasing, Production and Logistics, Mazda Motor Corporation Jun 2021 Representative Director, Chairman, Mazda Motor Corporation (current) Jun 2023 Director, The Chugoku Electric Power Co., Inc. (current)
1959-04-11
Hiroki TANAKA
Director
May 2008 Director-General, Financial Institutions Department, Bank of Japan May 2010 Executive Director, Bank of Japan Oct 2018 Chairman, JTC Holdings, Inc.; Director, Japan Trustee Services Bank, Ltd.; Director, Trust & Custody Services Bank, Ltd. Jul 2020 Chairman of the Board, Japan Custody Bank, Ltd. Jun 2024 Chairman, Short-Term Credit Association (current) Jun 2025 Director, The Chugoku Electric Power Co., Inc. (current)
1958-10-18
Reina OKAJIMA
Director
Apr 2008 Joined Goldman Sachs Securities Co., Ltd. Jul 2009 Chief Operating Officer (COO), LS Partners Co., Ltd. Sep 2011 Founder and Representative Director, CEO, ALE Co., Ltd. (current) Jun 2025 Director, The Chugoku Electric Power Co., Inc. (current)
1979-02-19
Yoshihiro WATANABE
Director, Audit and Supervisory Committee Member (Full-time)
Apr 1985 Joined The Chugoku Electric Power Co., Inc. Jun 2021 Executive Officer (equivalent), Chief, Audit and Supervisory Committee Office Jun 2024 Managing Executive Officer, General Manager, Procurement Headquarters (Accounting) Jun 2025 Managing Executive Officer, General Manager, Risk Management Division Jun 2026 Director, Audit and Supervisory Committee Member (current)
1962-07-26
Eiichi KUGA
Director, Audit and Supervisory Committee Member
Apr 2006 Chief, Kagoshima Prefectural Police Headquarters Sep 2007 Director-General, Tokyo Metropolitan Youth and Public Security Headquarters Sep 2009 Director, Security Department, Metropolitan Police Department Feb 2011 Chief, Kanagawa Prefectural Police Headquarters Apr 2013 Chief, Imperial Guard Headquarters Aug 2015 Retired from National Police Agency Dec 2015 Advisor, Nippon Life Insurance Company Jun 2016 Outside Audit & Supervisory Board Member (Full-time), Kyushu Railway Company Jun 2018 Outside Director, Audit and Supervisory Committee Member (Full-time), Kyushu Railway Company Jun 2022 Audit & Supervisory Board Member, JR Kyushu Station Building Holdings Co., Ltd. Jun 2022 Director, Audit and Supervisory Committee Member, The Chugoku Electric Power Co., Inc. (current)
1956-09-01
Keiko FUJIMOTO
Director, Audit and Supervisory Committee Member
Oct 2000 Registered as attorney-at-law Oct 2017 Visiting Researcher, Law School, University of Essex (UK) Jun 2020 Joined Iwamoto Law Office (current) Apr 2021 Director, Japan Federation of Bar Associations Jun 2021 Outside Audit & Supervisory Board Member, Daikyonishikawa Corporation (current) Jun 2024 Director, Audit and Supervisory Committee Member, The Chugoku Electric Power Co., Inc. (current)
1972-11-05
Nobuko KOBAYASHI
Director, Audit and Supervisory Committee Member
Jan 2015 Partner, A.T. Kearney K.K. Oct 2018 Managing Director & Partner, EY Transaction Advisory Services Co., Ltd. Feb 2026 Representative Director, Miporta Co., Ltd. (current) Jun 2026 Outside Director, Sumitomo Mitsui Trust Bank, Limited (current) Jun 2026 Director, Audit and Supervisory Committee Member, The Chugoku Electric Power Co., Inc. (current)
1973-10-25
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-08-05
Q1 Earnings Flash
FY ending Mar 2027
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-02-04
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Sep 2025
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-05
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-08
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-05
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-02
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-09
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-02
Quarterly Securities Report
EDINET
2022-08-10
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-11-11
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-06-28
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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