TOKYO, May 29 (Pulse News Wire) – TOENEC CORPORATION (1946.T) disclosed its significant relationship with Chubu Electric Power Co., Ltd., holding 44.6% voting rights. The company operates independently within the Chubu Electric group while maintaining strong ties through various business transactions.
In fiscal 2025, sales to Chubu Electric accounted for 0.6%, Chubu Electric Power Grid Co., Ltd. for 34.9%, and Chubu Electric Mirais Co., Ltd. for 0.7%. Despite high dependency, TOENEC maintains operational independence, conducting its own research, development, sales, design, and construction activities.
It actively seeks business opportunities outside the Chubu Electric group to enhance its performance. The company recognizes its affiliation with the Chubu Electric group as beneficial for enhancing creditworthiness and expanding external business operations. In related-party transactions from April 1, 2025, to March 31, 2026, TOENEC reported completion revenue of 14,960 million yen and ongoing project receivables of 85,729 million yen with Chubu Electric Power Grid Co., Ltd. Notably, these figures exclude consumption tax.
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