Chubu Electric Power Company,Incorporated
9502・Prime Market・Electric Power & Gas
Mirise
The retail division of the Chubu Electric Power Group. Provides electricity and gas sales along with various services
| Period | Current | Previous | Change |
|---|---|---|---|
| Segment sales (including internal transactions) | ¥2,859,269 million | ¥2,962,268 million | ↓ |
| Sales to external customers | ¥2,815,065 million | ¥2,911,129 million | ↓ |
| Segment ordinary profit | ¥137,990 million | ¥117,079 million | ↑ |
| Segment assets | ¥841,511 million | ¥774,273 million | ↑ |
| Depreciation | ¥13,095 million | ¥10,516 million | ↑ |
| Increase in tangible and intangible fixed assets (capital expenditure) | ¥34,455 million | ¥31,077 million | ↑ |
Business Details
A reportable segment centered on Chubu Electric Power Mirise Co., Ltd., responsible for retail sales of electricity and gas and the provision of various services. Based in the Chubu area, it conducts electricity sales for low-voltage (household) and high-voltage/extra-high-voltage (corporate) customers, and also develops value-added services leveraging customer touchpoints, including city gas sales, demand response, EV charging, and financial services. It was established in April 2020 by taking over the retail electricity business, etc. from Chubu Electric Power Co., Inc.
Recent Overview
Sales declined due to a decrease in fuel cost adjustment revenue, but ordinary profit increased ¥20,911 million year on year owing to a favorable swing in the timing gap and reduced power source procurement costs
In the Mirise segment for FY2026 (ending March 2026), sales to external customers decreased 3.3% year on year to ¥2,815,065 million, due to a decline in fuel cost adjustment charges (fuel adjustment revenue) and other factors. Meanwhile, ordinary profit increased by ¥20,911 million (approximately 17.9%) year on year to ¥137,990 million. The main reasons for the profit increase were a shift in the timing gap from a loss to a gain, and the expanded cost reduction effect from restructuring the power source procurement portfolio. The company received ¥69,608 million in government electricity and gas rate support subsidies, recorded under "other income" (¥93,326 million in the prior period).
Key Products
Growth Drivers
- Continuation and expansion of cost reduction effects from restructuring the power source procurement portfolio
- Increase in sales volume through expanded contract acquisitions for electricity and gas both within and outside the Chubu area
- Profit-boosting effect from the occurrence of timing gap gains (a shift to gains in FY2026, ending March 2026)
- Development of new business areas such as Mirise ENECHANGE Co., Ltd., aimed at expanding the EV charging business
- Diversification and deepening of customer touchpoints through the development of non-energy services such as Kateene BANK
- Responding to the medium- to long-term trend of increasing electricity demand accompanying the progress of GX and DX
Risks
- Timing gap risk before fuel price fluctuations are reflected in electricity sales prices (a factor of earnings uncertainty due to large swings between gains and losses)
- Risk of sharp increases in fuel prices and wholesale electricity market prices due to worsening conditions in the Middle East and other factors (a main reason the FY2027 (ending March 2027) earnings outlook is undetermined)
- Risk of increased real burden on customers and demand contraction associated with the reduction or termination of government electricity and gas rate support (subsidies) (the subsidy decreased from ¥93,326 million in the prior period to ¥69,608 million in the current period)
- Risk of customer attrition due to intensifying competition in the retail electricity market
- Risk of increased power source procurement costs due to the prolonged suspension of screening for the Hamaoka Nuclear Power Station
- Risk of decreased sales volume due to declining demand in the service area
Last updated: June 24, 2026