Electric Power Development Co., Ltd. (9513) Stock Price

J-POWER (Electric Power Development Co., Ltd.) operates five business segments: power generation, transmission and distribution, power-related services, overseas operations, and other businesses. These operations play a critical role in supporting electricity supply both domestically and internationally.

The power generation segment owns and operates hydroelectric, thermal, and wind power plants, producing and selling electricity. This ensures stable power supply and includes procurement from wholesale electricity markets.

The transmission and distribution segment utilizes transmission and distribution facilities owned by J-POWER subsidiaries to provide power transmission services to nine general transmission and distribution operators (excluding Okinawa Electric Power). This supports stable electricity supply across the grid.

The power-related services segment complements the power generation and transmission businesses by providing supporting operations that enable smooth and efficient execution of these core activities. This enhances the reliability of power supply.

The overseas operations segment conducts power generation and related business activities internationally. This strengthens J-POWER's presence in global electricity markets and contributes to worldwide power supply.

Other businesses leverage the J-POWER Group's management resources and expertise in sales operations, including coal trading. This promotes effective utilization of energy resources.

J-POWER (Electric Power Development Co., Ltd.) is advancing the decarbonization of its power generation business to achieve carbon neutrality by 2050. The company will meet its CO2 emission reduction targets by 2030 and transition its business portfolio to focus on carbon-neutral assets both domestically and internationally. This approach aims to balance stable power supply with enhanced resilience.

The company is committed to realizing sustainable growth and sharing results with stakeholders, thereby contributing to the development of a sustainable society. Under its Medium-Term Management Plan (2024-2026), the company has set five priority initiatives to respond to accelerated carbon neutrality efforts after 2030 and is advancing transformation of its business portfolio and business model.

In domestic renewable energy operations, the company is expanding power generation output and realizing environmental value through new development and optimization of existing assets. In fiscal 2024, it is constructing and upgrading facilities including the Nagayama Power Station and Kaminokuni No. 2 Wind Power Station, while advancing corporate power purchase agreements (PPAs).

In international operations, the company is expanding business segments and geographic areas with a focus on capturing developer profits from renewable energy projects. In fiscal 2024, it divested its stake in U.S. gas-fired power and made its Australian renewable energy business a subsidiary, while reorganizing its International Business Division.

As a foundation for its 2030s business portfolio, the company is advancing a CO2-free hydrogen and ammonia strategy. Through the GENESIS Matsushima project, it aims to commercialize coal gasification power generation technology and is examining the feasibility of hydrogen and ammonia production and supply operations in Oman.

The company is also strengthening power networks to support large-scale renewable energy deployment. Through maintenance of the Sakuma Frequency Conversion Station, it contributes to wide-area power operations and revenue generation.

For the Oma Nuclear Power Station project, the company is proceeding with construction with safety as the top priority, aiming to fulfill its role as a CO2-free power source. It is advancing Nuclear Regulation Authority reviews and targeting early commencement of full-scale construction.

In creating new business domains, the company seeks value creation through collaboration with startups and fusion of technologies and expertise. It is examining development of an environmental value platform and commercialization of environmentally conscious high-performance recycled fiber.

To improve profitability and investment efficiency, the company uses ROIC as a key metric and encourages capital efficiency improvements across business divisions. It is pursuing company-wide ROIC enhancement through equipment operation reviews and prioritized capital allocation to high-margin businesses.

To strengthen group competitiveness, the company is developing diverse talent to address social challenges and enhance corporate value. It is implementing initiatives to realize its DX Promotion Vision "DX 3S+D" and strengthen group competitiveness.

The company is deepening ESG management by establishing an ESG management promotion framework and advancing ESG management through continuous PDCA cycles. These efforts support progress toward a sustainable society.