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    9502   JP3526600006

CHUBU ELECTRIC POWER CO., INC

(9502)
  Report
Delayed Japan Exchange  -  01:00 2022-11-25 am EST
1318.00 JPY   +1.31%
11/25Japan's FTC to fine 3 utilities for antitrust practices in industrial power supply - Nikkei
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11/16Rohm Reportedly Mulls Joining Bid for Toshiba
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11/16Japanese chipmaker Rohm considering joining JIP for Toshiba buyout
RE
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Chubu Electric joins all-Japan Toshiba buyout consortium

09/17/2022 | 10:21pm EST

TOKYO, Sept 18 (Reuters) - Chubu Electric Power Co said on Sunday it is joining private equity firm Japan Industrial Partners (JIP) in conducting due diligence for a potential buyout of Japanese conglomerate Toshiba Corp.

Toshiba, which is exploring going private and other options, has selected Bain Capital, CVC Capital Partners, Brookfield Asset Management and a consortium involving JIP and state-backed Japan Investment Corp to proceed to a second bidding round.

JIP has contacted more than 10 companies including Chubu Electric, Orix Corp and Central Japan Railway Co (JR Central) to participate in its consortium, the Nikkei newspaper reported on Sunday.

Orix said it was considering investing in Toshiba, without providing details. Toshiba said it does not comment on candidates for the potential buyout. JR Central did not immediately respond to a request for comment. (Reporting by Mariko Katsumura, Sam Nussey, Makiko Yamazaki, Ritsuko Shimizu and Junko Fujita; Editing by Alex Richardson, Christian Schmollinger and William Mallard)


ę Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
BROOKFIELD ASSET MANAGEMENT INC. 0.63% 62.08 Delayed Quote.-18.73%
CENTRAL JAPAN RAILWAY COMPANY 1.12% 16645 Delayed Quote.8.47%
CHUBU ELECTRIC POWER CO., INC 1.31% 1318 Delayed Quote.8.75%
ORIX CORPORATION 1.40% 2250 Delayed Quote.-4.15%
TOSHIBA CORPORATION -1.18% 4706 Delayed Quote.-0.51%
All news about CHUBU ELECTRIC POWER CO., INC
11/25Japan's FTC to fine 3 utilities for antitrust practices in industrial power supply - Ni..
RE
11/16Rohm Reportedly Mulls Joining Bid for Toshiba
CI
11/16Japanese chipmaker Rohm considering joining JIP for Toshiba buyout
RE
11/07Equity fund makes $15 bln bid for Toshiba: Nikkei
RE
11/07Japanese consortium submits 2.2 trln yen Toshiba bid, Nikkei reports
RE
11/06Fate of management at Japan's Toshiba a cause of friction for bidders and banks, source..
RE
11/06Fate of management at Japan's Toshiba a cause of friction for bidders and banks, source..
RE
11/06Fate of management at Japan's Toshiba a cause of friction for bidders and banks, source..
RE
10/31Japan's JBIC to offer JERA $674 million of loans for LNG
RE
10/28Chubu Electric Power : Presentation Materials for Six-Months ended September 30, 2022
PU
More news
Financials
Sales 2023 3 536 B 25 398 M 25 398 M
Net income 2023 -11 475 M -82,4 M -82,4 M
Net Debt 2023 - - -
P/E ratio 2023 -86,9x
Yield 2023 3,79%
Capitalization 997 B 7 159 M 7 159 M
Capi. / Sales 2023 0,28x
Capi. / Sales 2024 0,28x
Nbr of Employees 28 365
Free-Float 96,3%
Chart CHUBU ELECTRIC POWER CO., INC
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Technical analysis trends CHUBU ELECTRIC POWER CO., INC
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TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 6
Last Close Price 1 318,00 JPY
Average target price 1 376,67 JPY
Spread / Average Target 4,45%
EPS Revisions
Managers and Directors
Kingo Hayashi Senior Managing Executive Officer
Satoru Katsuno Director & Senior Managing Executive Officer
Kazuhiro Nabeta General Manager-Technology Development
Jin Mizutani Managing Executive Officer & Manager-Nagoya Branch
Takayuki Hashimoto Independent Outside Director
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1st jan.Capi. (M$)
CHUBU ELECTRIC POWER CO., INC8.75%7 159
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