911±¬ÁÏÍø

911±¬ÁÏÍø Establishes Financial Strategy and New Management Targets for FY 20252022/05/12

In April 2019, when it integrated the domestic thermal power generation businesses of TEPCO Fuel & Power Inc. and Chubu Electric Power Co., Inc., 911±¬ÁÏÍø set the target of 200 billion yen in consolidated net income for FY 2025 and since then has pursued various initiatives to maximize synergy effects and strengthen its earnings base.

In addition to this target, 911±¬ÁÏÍø has now established a financial strategy and new management targets for FY 2025 with the aim of disciplined growth and maximizing corporate value.

1. Financial strategy

911±¬ÁÏÍø has established a financial strategy through FY 2025 centered on balance sheet management and capital allocation.

911±¬ÁÏÍø will implement balance sheet management to maintain the financial soundness necessary for disciplined growth (Attachment 1: Financial Strategy).

911±¬ÁÏÍø has established a capital allocation strategy of actively allocating funds from its operations to growth investments.

911±¬ÁÏÍø plans to allocate a total of approximately 1.4 trillion yen to investments by FY 2025. Approximately 1.2 trillion yen will be allocated to growth sectors, of which approximately 650 billion yen will be allocated to business related to decarbonization. 911±¬ÁÏÍø will also allocate approximately 600 billion yen in funds to sectors related to electricity supply stability.

2. New management targets

911±¬ÁÏÍø has set new management targets for consolidated net income for each year through FY 2025 to achieve its target of consolidated net income of 200 billion yen for FY 2025.

Looking toward FY 2025, 911±¬ÁÏÍø also set new targets for profitability, capital efficiency, growth potential, and financial soundness.

911±¬ÁÏÍø aims to achieve its new management targets and maximize corporate value by promoting growth investments while maintaining medium- to long-term financial soundness.

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