Chubu Electric stock faces a governance reset after Hamaoka scandal

Published on 10/07/2026 at 02:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Chubu Electric stock was trading at JPY 2,628 on October 6, 2026, after a leadership change tied to the Hamaoka data scandal. Five analysts set a Buy consensus.

Chubu Electric, JP3526600006, Illustration mit AI erstellt.

Chubu Electric stock (ISIN JP3526600006) was trading at JPY 2,628 on Japan Exchange on October 6, 2026 at 3:30 p.m. JST, with a daily gain of 0.06 percent. The central issue for the utility is now a governance reset under new president Minoru Yasui, who took office on October 1, 2026, according to Nippon.com.

Leadership changes after Hamaoka inquiry

Yasui replaced Kingo Hayashi as president after an independent investigation into seismic data used in the regulatory review of the Hamaoka nuclear plant. The incoming chief told local officials in Shizuoka on October 1 that the company would rebuild governance and regain public trust, Nippon.com reported.

Chubu Electric's board also withdrew applications for Hamaoka Units 3 and 4 on September 14, 2026, after receiving the investigation report on September 11. MarketScreener said the withdrawal covers the reactor license amendments and related applications under Japan's newer regulatory standards.

Quarterly revenue beat the forecast

The latest operating figures offer a separate counterweight to the nuclear governance problem. For the three months ended June 30, 2026, Chubu Electric reported revenue of JPY 825.84 billion against a JPY 802.40 billion forecast, while earnings per share came to JPY 46.60 against a JPY 90.60 forecast, according to Investing.com.

The revenue beat therefore sits alongside an earnings shortfall. That split matters because the utility's power, gas and infrastructure businesses can deliver sales growth while profitability remains exposed to fuel costs, operating expenses and the delayed nuclear restart path.

Consensus target stays above the quote

Investing.com lists five analysts with an overall Buy consensus and an average 12-month price target of JPY 3,010. That target lies 14.5 percent above the JPY 2,628 quote, a gap that gives the market a measurable recovery hurdle while management works through the Hamaoka fallout.

The trading range adds a second valuation marker. The October 6 price stood JPY 658 below the 52-week high of JPY 3,286 and JPY 606 above the 52-week low of JPY 2,021.50, putting the stock closer to the lower half of its yearly band than to its peak.

Chubu Electric stock trades below its yearly high

Chubu Electric stock was last at JPY 2,628 on Japan Exchange on October 6, 2026 at 3:30 p.m. JST, with a market capitalization of JPY 2.0 trillion and volume of 3,168,500 shares.