Chubu Electric forecasts ¥215 billion FY2026 loss after Hamaoka impairment
On October 29, 2026, Chubu Electric Power revised its FY2026 forecast for the fiscal year ending in March to a ¥215 billion net loss, versus a prior ¥160 billion net-profit forecast. The revision followed an approximately ¥380 billion extraordinary charge tied to impairment of the Hamaoka nuclear station and valuation losses on nuclear fuel, reflecting uncertainty about the plant’s future.
Reuters directly reports that on October 29, 2026, Chubu Electric revised its FY2026 outlook from a ¥160 billion net profit to a ¥215 billion net loss after recognizing an approximately ¥380 billion Hamaoka-related extraordinary charge, including nuclear-plant impairment and nuclear-fuel valuation losses. This is new, material, and forward-looking because it changes expected earnings and asset values and indicates continuing uncertainty over Hamaoka. The September withdrawal of the reactor-restart application is treated as background rather than a separate new development. The development remains classified as business_performance, and only Chubu Electric is approved as a stakeholder because the effects on other utilities, LNG producers, and nuclear suppliers are indirect or speculative. The date is explicit, but the exact announcement time is not; the timestamp is therefore estimated using the contemporaneous report time.
Chubu Electric Power TSE:9502 on Thursday warned of a record loss for fiscal 2026 after flagging a one-off charge of about 380 billion yen ($2.4 billion) related to its Hamaoka nuclear power station, citing uncertainty over the plant's future.
As a result, Chubu now expects a net loss of 215 billion yen for the year that ends in March, reversing its July estimate of a 160 billion yen net profit
The company also withdrew its application to bring two reactors back online