Chubu Electric Forecasts Record Loss
Chubu Electric Power expects a record net loss of 215 billion yen for fiscal 2026 due to hefty charges tied to its Hamaoka nuclear station. The reversal follows executive resignations and data falsification issues.
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CHUBU ELECTRIC POWER CO INC expects a record net loss of 215 billion yen ($1.4B) for fiscal 2026 after booking a 380 billion yen ($2.4B) charge for its Hamaoka nuclear plant. The Japanese utility reversed its prior July forecast of a 160 billion yen profit. The sharp downgrade follows regulatory setbacks and executive resignations in Japan.
