9502
Chubu Electric Power Company,Incorporated
中部電力株式会社
Electric Power & Gas
Chubu Electric Power Company, Incorporated, together with its subsidiaries, engages in the generation, transmission, distribution, and retail of electricity in Japan and internationally. The company operates through three segments: JERA, Power Grid, and Miraiz. It generates electricity through geothermal, hydro, wind, biomass, and solar sources. The company also involved in the fuel upstream, power generation procurement, and wholesale of electricity and gas businesses; and provides power network services. In addition, it engages in the construction and manufacture related to the energy business. Further, the company is involved in the gas supply and real estate activities. Chubu Electric Power Company, Incorporated was founded in 1889 and is headquartered in Nagoya, Japan.
Price
¥2,925
Market Cap
¥2.2T
Ent. Value
¥4.8T
Net Debt
−¥2.6T
Shares Out.
756.4M
P / E
9.7×
EV / EBIT
20.9×
P / Book
0.70×
P / NCAV
N/M
Div. Yield
1.20%
Financials
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | ¥7,652.7B | ¥7,124.8B | ¥7,108.6B | ¥6,455.1B | ¥6,174.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Assets | ¥1,294.7B | ¥1,142.7B | ¥1,289.9B | ¥1,166.7B | ¥940.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Cash & Deposits | ¥336.7B | ¥293.5B | ¥390.8B | ¥361.3B | ¥203.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Trade Receivables | — | ¥312.0B | ¥354.0B | ¥365.5B | ¥344.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Assets | ¥6,358.0B | ¥5,982.1B | ¥5,818.7B | ¥5,288.4B | ¥5,234.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Deferred Tax Assets | — | ¥148.2B | ¥153.7B | ¥183.1B | ¥174.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Liabilities | ¥4,439.9B | ¥4,266.3B | ¥4,413.5B | ¥4,292.9B | ¥4,051.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Current Liabilities | ¥1,276.7B | ¥1,255.0B | ¥1,296.4B | ¥1,258.6B | ¥1,240.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Accounts Payable | — | ¥229.4B | ¥271.3B | ¥327.5B | ¥279.2B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ST Debt | ¥266.8B | ¥261.6B | ¥319.5B | ¥280.3B | ¥269.0B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Non-Current Liabilities | ¥3,162.0B | ¥3,009.2B | ¥3,115.7B | ¥3,032.7B | ¥2,809.4B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total LT Borrowings | ¥2,668.1B | ¥2,495.6B | ¥2,478.6B | ¥2,411.1B | ¥2,190.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Pension Obligations | — | ¥108.3B | ¥125.8B | ¥136.9B | ¥139.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Equity | ¥3,212.8B | ¥2,858.5B | ¥2,695.1B | ¥2,162.2B | ¥2,123.3B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Stock | — | ¥430.8B | ¥430.8B | ¥430.8B | ¥430.8B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Capital Surplus | — | ¥64.5B | ¥70.5B | ¥70.6B | ¥70.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Retained Earnings | ¥2,088.2B | ¥1,909.6B | ¥1,758.4B | ¥1,393.1B | ¥1,392.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Treasury Stock | — | ¥-4.3B | ¥-2.8B | ¥-2.7B | ¥-2.7B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| AOCI | — | ¥386.0B | ¥328.5B | ¥169.1B | ¥125.6B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Equity (owners) | ¥2,579.6B | ¥2,400.6B | ¥2,256.9B | ¥1,891.7B | ¥1,891.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Minority Interests | — | ¥72.0B | ¥109.6B | ¥101.4B | ¥106.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Total Interest-Bearing Debt ⓘ | ¥2,935.0B | ¥2,757.2B | ¥2,798.2B | ¥2,691.4B | ¥2,459.1B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Net Cash ⓘ | ¥-2,598.3B | ¥-2,463.6B | ¥-2,407.3B | ¥-2,330.1B | ¥-2,255.9B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV ⓘ | ¥-3,145.2B | ¥-3,123.5B | ¥-3,123.7B | ¥-3,126.2B | ¥-3,111.5B | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| NCAV/Share | — | ¥-4,129 | ¥-4,129 | ¥-4,132 | ¥-4,113 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| BV/Share | — | ¥3,173 | ¥2,984 | ¥2,501 | ¥2,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| Operating CF | ¥334.4B | ¥301.3B | ¥344.1B | ¥295.8B | ¥21.7B |
| Taxes Paid | — | ¥-91.8B | ¥-24.1B | ¥10.4B | — |
| Interest Paid | — | ¥-22.7B | ¥-20.7B | ¥-19.8B | ¥-19.2B |
| Interest Received | — | ¥13.8B | ¥12.0B | ¥33.2B | ¥25.6B |
| D&A | ¥172.3B | ¥170.9B | ¥172.0B | ¥155.9B | ¥189.2B |
| Investing CF | ¥-350.8B | ¥-391.8B | ¥-388.3B | ¥-196.9B | ¥-262.0B |
| Financing CF | ¥87.4B | ¥-27.6B | ¥87.1B | ¥73.2B | ¥266.4B |
| Dividends Paid | — | ¥-45.3B | ¥-37.8B | ¥-37.8B | ¥-37.8B |
| Share Buybacks | — | ¥-1.5B | ¥-57M | ¥-39M | ¥-39M |
| LT Debt Repaid | — | ¥-146.0B | ¥-159.9B | ¥-194.0B | ¥-240.9B |
| Free Cash Flow | ¥334.4B | ¥301.3B | ¥344.1B | ¥295.8B | ¥21.7B |
| Net Change in Cash | — | ¥-118.7B | ¥45.0B | ¥172.3B | ¥26.2B |
| Metric |
FY 2025
TDnet |
FY 2024
EDINET ↗ |
FY 2023
EDINET ↗ |
FY 2022
EDINET ↗ |
FY 2021
EDINET ↗ |
|---|---|---|---|---|---|
| ROE | 7.5% | 7.5% | 17.4% | 1.9% | -2.1% |
| ROA | 3.1% | 2.8% | 5.9% | 0.6% | -0.7% |
| EPS | ¥301.57 | ¥267.41 | ¥533.17 | ¥50.56 | ¥-56.90 |
| DPS | ¥35.00 | ¥60.00 | ¥55.00 | ¥50.00 | ¥50.00 |
| BPS | ¥4,154.47 | ¥3,689.67 | ¥3,419.42 | ¥2,725.43 | ¥2,667.66 |
| FCF/Share | — | ¥398 | ¥455 | ¥391 | ¥29 |
| NCAV/Share | — | ¥-4,129 | ¥-4,129 | ¥-4,132 | ¥-4,113 |
| Payout Ratio | 11.6% | 22.4% | 10.3% | 98.9% | — |
Event Timeline
S Shareholder
A Capital Signal
Large Shareholder Reports 8
Capital Allocation Signals 1
| Date | Type | Amount | Summary | |
|---|---|---|---|---|
|
2026-05-14
19:00
|
TOB | ¥5200.0/sh 15.4% | Mitsuba Corporation and Chubu Electric Power Co., Ltd. announced a tender offer (TOB) for all outstanding shares of Ryom… | |
|
Summary
Mitsuba Corporation and Chubu Electric Power Co., Ltd. announced a tender offer (TOB) for all outstanding shares of Ryomo Systems Co., Ltd. (code 9691) at ¥5,200 per share. The offer period runs from May 15, 2026 to July 8, 2026 (39 business days), with a minimum purchase target of 537,260 shares (15.36% of shares outstanding). Post-transaction, Mitsuba and Chubu Electric Power will hold 80% and 20% voting rights respectively, with intent to take the company private.
Deadline: 2026-07-08
% of Shares: 15.4%
Shares: 537,260
Source (JP)
株式会社両毛システムズ株式（証券コード：9691）の普通株式の全て（ただし、ミツバが所有する対象者株式及び対象者が所有する自己株式を除きます。）を対象とした公開買付けを実施する。買付け等の価格：普通株式１株につき、金5,200円。買付け等の期間：2026年５月15日（金曜日）から2026年７月８日（水曜日）まで（39営業日）
株式会社両毛システムズ株式（証券コード：9691）に対する公開買付けの開始に関するお知らせ
TDnet PDF
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| # | Shareholder | Shares (thou.) | % of Total |
|---|---|---|---|
| 1 |
Japan Master Trust Bank
日本マスタートラスト信託銀行株式会社
|
113,897 | 15.05% |
| 2 |
Japan Custody Bank
株式会社日本カストディ銀行
|
43,512 | 5.75% |
| 3 |
Meiji Yasuda Life Insurance
明治安田生命保険相互会社
|
35,516 | 4.69% |
| 4 |
Nippon Life Insurance
日本生命保険相互会社
|
18,735 | 2.48% |
| 5 |
STATE STREET BANK WESTCLIENT - TREATY
STATE STREET BANK WESTCLIENT - TREATY 505234(常任代理人 株式会社みずほ銀行決済営業部)
|
18,374 | 2.43% |
| 6 | ＪＰモルガン証券株式会社 | 18,051 | 2.39% |
| 7 | 中部電力自社株投資会 | 17,093 | 2.26% |
| 8 |
State Street Bank and Trust Company
STATE STREET BANK ANDTRUST COMPANY 505001(常任代理人 株式会社みずほ銀行決済営業部)
|
11,903 | 1.57% |
| 9 |
JP MORGAN CHASE BANK
JP MORGAN CHASE BANK 385781(常任代理人 株式会社みずほ銀行決済営業部)
|
9,390 | 1.24% |
| 10 |
MUFG Bank
株式会社三菱ＵＦＪ銀行
|
6,887 | 0.91% |
as of 2025-03-31
Source: EDINET ↗
Ownership by year — hover bars for detail
Domestic Nominees
20.8%
+1.4% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
5.2%
-0.0% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
12.7%
-0.0% vs 2024
Named entities with disclosed investment intent
Bar = % of shares outstanding · top-10 covers 38.8% · grey = other shareholders · 2025
| Shareholder | Trend | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Japan Master Trust Bank 日本マスタートラスト信託銀行 | 15.17% | 14.12% | 15.05% +0.93% | |
| Japan Custody Bank 日本カストディ銀行 | 5.30% | 5.30% | 5.75% +0.45% | |
| Meiji Yasuda Life Insurance 明治安田生命保険 | 4.69% | 4.69% | 4.69% | |
| State Street | 4.44% | 4.02% | 4.00% -0.02% | |
| Nippon Life Insurance 日本生命保険 | 3.10% | 3.10% | 2.48% -0.62% | |
| ＪＰモルガン証券 NEW ENTRY | — | — | — | 2.39% NEW |
| 中部電力自社株投資会 | 2.44% | 2.28% | 2.26% -0.02% | |
| JP Morgan | 1.22% | 1.27% | 1.24% -0.03% | |
| MUFG Bank 式会社三菱ＵＦＪ銀行 | 1.52% | 1.21% | 0.91% -0.30% | |
| Sumitomo Mitsui Banking Corporation 三井住友銀行 last seen 2024 | Exited Top 10 | 1.48% | 1.48% | — |
| Concentration (HHI) ⓘ | 321 | 286 | 317 |
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥13,701M
-43% since 2023
Holdings
23
+4 new
9 exited
Trend
2 building
vs 2023
| Held Company | FY2025 ¥13,701M total | FY2023 ¥23,945M total | |||
|---|---|---|---|---|---|
| Book Val ¥M | Shares | Book Val ¥M | Shares | ||
|
Central Japan Railway Company
東海旅客鉄道㈱
|
4,406 |
+400.0%
↑
1,544,000
|
4,882 | 308,800 | M |
|
The Japan Steel Works, Ltd.
㈱日本製鋼所
|
1,780 |
340,000
|
842 | 340,000 | |
|
SHIZUOKA GAS CO., LTD.
静岡ガス㈱
|
1,696 |
1,500,000
|
1,723 | 1,500,000 | M |
|
AEON Co.,Ltd.
イオン㈱
|
1,125 |
300,000
|
769 | 300,000 | |
|
Daido Special Steel Co., Ltd.
大同特殊鋼㈱
|
961 |
+400.0%
↑
807,780
|
840 | 161,556 | |
|
The Bank of Nagoya, Ltd.
㈱名古屋銀行
|
804 |
102,284
|
322 | 102,284 | M |
| ㈱八十二銀行 | 673 |
637,560
|
366 | 637,560 | M |
|
CHUBU-NIPPON BROADCASTING Co.,LTD.
中部日本放送㈱
|
583 |
883,400
|
471 | 883,400 | M |
|
Juroku Financial Group, Inc.
㈱十六フィナンシャルグループ(注)２
|
377 |
78,245
|
220 | 78,245 | |
|
Aichi Financial Group Co., Ltd.
㈱あいちフィナンシャルグループ(注)２
|
215 |
NEW
New
75,321
|
— | ||
|
SALA CORPORATION
㈱サーラコーポレーション(注)２
|
203 |
NEW
New
235,000
|
— | ||
|
Japan Data Science Consortium Co. Ltd.
㈱ＪＤＳＣ
|
190 |
233,100
|
210 | 233,100 | |
|
Shizuoka Financial Group, Inc.
㈱しずおかフィナンシャルグループ(注)２
|
162 |
NEW
New
100,000
|
— | ||
|
Welby Inc.
㈱Ｗelby
|
156 |
NEW
New
434,782
|
— | ||
|
Japan Transcity Corporation
日本トランスシティ㈱
|
136 |
153,370
|
93 | 153,370 | M |
|
譬ｪ蠑丈ｼ夂､ｾ繧ｫ繝ｩ繝繝弱�ｼ繝�
㈱カラダノート
|
126 |
300,000
|
255 | 300,000 | |
|
The Ogaki Kyoritsu Bank, Ltd.
㈱大垣共立銀行
|
71 |
30,000
|
53 | 30,000 | M |
|
Misonoza Co.
㈱御園座
|
37 |
22,000
|
39 | 22,000 | |
|
TOHO GAS CO.,LTD.
東邦瓦斯㈱(注)２
|
— | — | |||
|
KDDI CORPORATION
ＫＤＤＩ㈱
|
— | — | |||
|
TOAGOSEI CO., LTD.
東亞合成㈱
|
— | — | |||
|
Asia Air Survey Co.,Ltd.
アジア航測㈱
|
— | — | M | ||
|
繝ｯ繧ｷ繝ｳ繝医Φ繝帙ユ繝ｫ譬ｪ蠑丈ｼ夂､ｾ
ワシントンホテル㈱
|
— | — | |||
| ㈱三井住友フィナンシャルグループ（注)２，３ | — |
−100%
Exit
—
|
3,917 | 739,358 | |
| ㈱三菱ＵＦＪフィナンシャル・グループ（注)２，３ | — |
−100%
Exit
—
|
3,571 | 4,211,740 | |
|
TOHO GAS CO.,LTD.
東邦瓦斯㈱
|
— |
−100%
Exit
—
|
2,297 | 933,000 | M |
| ㈱みずほフィナンシャルグループ（注)２，３ | — |
−100%
Exit
—
|
1,180 | 628,724 | |
| 三井住友トラスト・ホールディングス㈱（注)２，３ | — |
−100%
Exit
—
|
1,108 | 244,136 | |
|
Osaki Electric Co.,Ltd.
大崎電気工業㈱
|
— |
−100%
Exit
—
|
354 | 666,428 | M |
|
SALA CORPORATION
㈱サーラコーポレーション（注)２
|
— |
−100%
Exit
—
|
176 | 235,000 | |
| ㈱あいちフィナンシャルグループ（注）２，４ | — |
−100%
Exit
—
|
162 | 75,321 | |
| ㈱しずおかフィナンシャルグループ（注）２，５ | — |
−100%
Exit
—
|
95 | 100,000 | |
| Portfolio total | 13,701 | 23,945 | |||
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding