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Utilities

The Chugoku Electric Power Co., Inc.

Business Summary

The Chugoku Electric Power Co., Inc. engages in the generation, transmission and distribution of electric power. It operates through the following segments: Electric Power, Comprehensive Energy Supply, Information Systems and Telecommunications, and Others. The Electric Power segment provides electricity in the Chugoku region. The Comprehensive Energy Supply segment offers natural gas supply such as fuel, liquefied natural gas (LNG), and coal. The Information Systems and Telecommunications segment provides internet connection, telephone, and broadcasting services, as well as Ethernet telecommunications network services for corporate customers. The Others segment includes environmental harmony creation, business and lifestyle support, and electric power business support. The company was founded on May 1, 1951 and is headquartered in Hiroshima, Japan.

Financial Highlights

Mar 2019 JPYUSD
Revenue1,376.97B12,416.99M
Gross Profit30,875M278.41M
Operating income17,230M155.37M
Income before tax14,893M134.29M
Net income11,446M103.21M
EBITDA129,481M1,167.60M
Diluted EPS25.730.23
Dividends Per Share500.45
Total Assets3,261.66B29,467.99M
Total liabilities2,703.00B24,420.71M
Total equity555,508M5,018.81M
Operating cash flow81,635M736.14M
Currency in JPYCurrency in USD

Historical Data

 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 1,299.62B 1,231.57B 1,200.37B 1,314.96B 1,376.97B
Gross Profit 158,250M 148,190M 39,128M 49,919M 30,875M
Operating income 71,341M 50,015M 34,520M 36,045M 17,230M
Income before tax 56,349M 41,448M 15,911M 27,120M 14,893M
Net income 33,852M 27,113M 11,340M 20,707M 11,446M
EBITDA 181,265M 162,329M 146,331M 146,210M 129,481M
Diluted EPS 92.32 65.92 27.95 50.12 25.73
Dividends Per Share 50 50 50 50 50
Total Assets 3,106.27B 3,070.94B 3,100.75B 3,179.44B 3,261.66B
Total liabilities 2,481.40B 2,462.41B 2,519.58B 2,598.69B 2,703.00B
Total equity 619,888M 604,365M 577,371M 577,117M 555,508M
Operating cash flow 153,120M 147,933M 96,003M 164,794M 81,635M
 Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Revenue 11,830.19M 10,255.89M 11,085.11M 11,864.46M 12,416.99M
Gross Profit 1,440.51M 1,234.04M 361.33M 450.40M 278.41M
Operating income 649.40M 416.49M 318.78M 325.22M 155.37M
Income before tax 512.93M 345.15M 146.93M 244.69M 134.29M
Net income 308.14M 225.78M 104.72M 186.83M 103.21M
EBITDA 1,650.01M 1,351.79M 1,351.31M 1,319.19M 1,167.60M
Diluted EPS 0.84 0.54 0.25 0.45 0.23
Dividends Per Share 0.45 0.41 0.46 0.45 0.45
Total Assets 25,901.81M 27,322.81M 27,826.92M 29,896.01M 29,467.99M
Total liabilities 20,691.26M 21,908.56M 22,611.39M 24,435.28M 24,420.71M
Total equity 5,168.96M 5,377.15M 5,181.46M 5,426.58M 5,018.81M
Operating cash flow 1,393.81M 1,231.90M 886.55M 1,486.87M 736.14M

Valuation Measures

Mar 2019
PER41.53
ROA0.35%
ROE2.02%
Operating margin1.25%
Profit margin0.83%

Key executives

  • Executive President & Representative Director: Mareshige Shimizu
  • Director, Head-Compliance & Administration: Takafumi Shigeto
  • Representative Director & Executive Vice President: Akira Sakotani
  • Representative Director & Executive Vice President: Moriyoshi Ogawa
  • Director & Managing Executive Officer: Shigeru Ashitani

Shareholders

  • Prefecture of Yamaguchi (8.7%)
  • The Chugoku Electric Power Co., Inc. (6.8%)
  • Nippon Life Insurance Co. (3.8%)
  • BlackRock Fund Advisors (2.7%)
  • Asset Management One Co., Ltd. (2.7%)
  • Nomura Asset Management Co., Ltd. (2.7%)
  • The Vanguard Group, Inc. (2.2%)
  • Chugoku Electric Power Stock Investment (1.8%)
  • The Hiroshima Bank Ltd. (1.5%)
  • San-in Godo Bank Ltd. (1.4%)

Contact Details

Related Companies

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  • Chugoku Telecommunication Network Co. Ltd.
  • Energia Solution & Service Co., Ltd.

Competitors

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