The Chugoku Electric Power Company, Incorporated
9504・Prime Market・Electric Power & Gas
The Chugoku Electric Power Company, Incorporated
9504・Prime Market・Electric Power & Gas
Governance
As a company with an Audit and Supervisory Committee, the Board of Directors, composed of 13 directors (including 6 outside directors), meets once a month, and an executive officer system has been introduced to achieve both faster decision-making and enhanced oversight functions. Both the Nomination Committee and the Compensation Committee are chaired by outside directors, ensuring objectivity and transparency in the decision-making process.
Risk Management
The company has established a Risk Management Committee (to be renamed the Risk Management Committee in June 2026) chaired by the President and Executive Officer, under which a dedicated organization works together with the sustainability promotion organization to centrally manage risks across the group. Each organization identifies, evaluates, and formulates countermeasures for risks, which are reflected in the management plan and reviewed by the Board of Directors.
Shareholder Returns
Adopts a performance-linked dividend policy that prioritizes the recovery of the financial base. For FY2024, an annual dividend of ¥27 per share (interim ¥5, year-end ¥22) was implemented based on a payout ratio target of 10%. From FY2025 onward, the company will transition to a new policy targeting a payout ratio of approximately 12%, while striving to maintain a minimum annual dividend of ¥10 per share.
Dividend Policy
Until the consolidated equity ratio recovers to 15%, the recovery and strengthening of the financial base is prioritized above all else, with dividends paid at a payout ratio of 10%. As the equity ratio exceeded 15% at the end of FY2024, the policy was revised from FY2025 to target a payout ratio of approximately 12%, with performance-linked dividends (minimum annual dividend of ¥10 per share). Dividend guidelines are set according to profit attributable to owners of parent (¥10 per share for net income below ¥330 million, increasing by ¥1 for every ¥3.0 billion increase thereafter). A further review of the policy will be considered once the equity ratio is expected to recover to 20%.
ESG
The company has committed to carbon neutrality by 2050, endorsed the TCFD recommendations, and conducted 1.5°C and 4°C scenario analyses. Regarding human capital, it has set quantitative targets such as the ratio of female managers (5.4% at section chief level or above, with a target of 10% by FY2030), a male childcare leave uptake rate of 89%, and improvements in employee engagement, while also promoting human rights due diligence and health management initiatives.
Last updated: June 23, 2026