The Chugoku Electric Power Co., Inc.
CGKEF
Other OTC6.51
USD
- -
- -
ISIN
JP3522200009
Return %
Stock
S&P500
1Y
- -
26.84
3Y
-13.89
77.03
5Y
-49.96
80.55
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- CEO
- Nakagawa Kengo
- Full Time Employees
- 12,776
- Sector
- Utilities
- Industry
- Renewable Utilities
- Address
- 4-33, Komachi Hiroshima Japan 730-8701
- IPO Date
- Oct 1, 2009
- Website
- energia.co.jp
- Similar Companies
- Business
- The Chugoku Electric Power Co., Inc. (CGKEF) engages in the generation, transmission, and distribution of electric power primarily in Japan's Chugoku region, comprising Hiroshima, Okayama, Shimane, Tottori, and Yamaguchi prefectures; it operates as the sixth-largest electric utility in Japan by sales volume and trades under the brand EnerGia. Founded in 1951 and headquartered in Hiroshima, the company supplies electricity through a diverse portfolio encompassing thermal power plants (predominantly LNG, coal, and fuel-based with 7,354 MW capacity as of March 2023), nuclear facilities including the Shimane Nuclear Power Station, hydroelectric installations (totaling around 2,909 MW across numerous stations), and renewable sources such as solar photovoltaic farms and new energy assets; it also provides comprehensive energy services including natural gas (LNG and coal fuel supply), information systems and telecommunications (Internet connections, telephone, broadcasting, and Ethernet networks for corporate clients), electrical conductors and cables, transportation facilities, electrical communications, and other support areas like environmental initiatives, business/lifestyle services, and power business assistance. The Electric Power segment delivers to residential, commercial, industrial, and other customers across the region (accounting for the bulk of revenue at 84% in recent reports), while subsidiaries like Chugoku Electric Power Network Co., Ltd. (spun off in 2020) handle transmission and distribution. Recent developments include securing a 53.9 billion yen transition-linked loan in September 2024 from 29 Japanese financial institutions (led by local banks such as Hiroshima Bank and Chugoku Bank) to bolster non-fossil generation (nuclear and renewables) and grid infrastructure, with interest rates tied to achieving a 50% reduction in retail CO2 emissions by FY2030 versus FY2013 levels; signing a Memorandum of Understanding in October 2024 with the Netherlands Organisation for Applied Scientific Research (TNO) to advance carbon-neutral technologies; multiple revisions to pre-operational applications for Shimane Nuclear Power Station Unit 2 throughout 2024 (latest in December); introduction of a performance-based stock compensation plan in May 2024 with share acquisitions detailed in August; release of the Chugoku Electric Power Group Integrated Report 2024 in October; and ongoing efforts in corporate power purchase agreements exceeding 170 MW for decarbonization alongside operational updates like financial results revisions and personnel changes for directors.