Key Point of President's Regular Press Conference

eスポーツベッティング Jun 2020 Regular Press Conference : President Hayashi's Message

June 25, 2020
Chubu Electric Power Co.,Inc.

Following today’s Annual General Meeting of Shareholders and subsequent meeting of eスポーツベッティング Board of Directors, I have been appointed as eスポーツベッティング President and Director of eスポーツベッティング company.

I will be discussing eスポーツベッティング following matters today:

eスポーツベッティング 96th Annual General Meeting of Shareholders
Newly-appointed corporate officers
eスポーツベッティング impact of COVID-19

About eスポーツベッティング Annual General Meeting of Shareholders

Firstly, I’d like to talk about eスポーツベッティング 96th Annual General Meeting of Shareholders.
I am happy to report eスポーツベッティング successful conclusion of eスポーツベッティング AGM.
This year’s AGM used eスポーツベッティング company’s website for enhanced advance disclosure of information from eスポーツベッティング perspectives of protecting eスポーツベッティング health of shareholders and preventing eスポーツベッティング spread of eスポーツベッティング novel coronavirus. Other measures included taking all attendees’ temperature upon admission to eスポーツベッティング venue, and considering social distancing in seating arrangement.
In order to minimize eスポーツベッティング duration of time when shareholders were gathered together, we simplified deliberations of some of eスポーツベッティング items on eスポーツベッティング agenda.
As a result, this year’s AGM finished in one hour and 34 minutes, some 50 minutes quicker than last year’s AGM, which went for two hours and 20 minutes. This year was also eスポーツベッティング third shortest AGM since 1988. It was attended by 118 shareholders, which was 826 fewer than last year (944 attendees) and eスポーツベッティング smallest turnout since we began recording attendance statistics in 1988.
eスポーツベッティング AGM heard eスポーツベッティング company’s business status report for FY2019, and deliberated on nine items on eスポーツベッティング agenda, including 4 items presented by eスポーツベッティング company and 5 items submitted by shareholders. eスポーツベッティング four company-presented agenda items were approved.
Shareholders offered invaluable opinions and asked questions about a variety of issues including:

Hamaoka Nuclear Power Station
Nuclear Fuel Cycle program
Supply stability under COVID-19 outbreak
Dividend policy
Approach to eスポーツベッティング development of Mega Solar power plants by an affiliate

In today’s AGM, shareholders approved agenda items on future business deployment in new areas of strong growth potential, such as adding “bank agency services” and “non-life insurance agency services” to eスポーツベッティング company’s business purposes listed in eスポーツベッティング Articles of Incorporation. Accordingly, we will further accelerate our efforts to develop and provide new services in eスポーツベッティング future.

Introduction of new corporate officers

Moving on, let me introduce three directors and two auditors newly elected in today’s AGM.
Firstly, our new directors. This is eスポーツベッティング Director Hitoshi Mizutani.
This is Shinya Otani.
Our new auditor is eスポーツベッティング full-time auditor Akinori Kataoka.
We also welcome Mitsue Kurihara, who is a full-time auditor of eスポーツベッティング Development Bank of Japan Inc., as our new external director, and Hiroshi Takada, who was a former senior managing director of Toyota Motor Corp. and eスポーツベッティング current director of eスポーツベッティング All Japan Confederation of Creativity, as our new external auditor.
Under eスポーツベッティング new management team, we will continue to fulfill our mission of supplying environmentally-considerate premium-quality energy in a safe, affordable and stable manner, while striving to take on creating new values that reflect changes of eスポーツベッティング times.

Impact of COVID-19

Finally, let me describe eスポーツベッティング impact of COVID-19.
In May, electricity demand in eスポーツベッティング Chubu area dropped 12.9% year-on-year according to actual figures released yesterday. eスポーツベッティング demand for high-voltage and extra-high voltage electricity tumbled as much as 17.4% year-on-year after Japan issued an emergency declaration, forcing eスポーツベッティング service and retail sectors to suspend business or reduce business hours and driving some factories to suspend production lines or reduce their capacity factor in eスポーツベッティング manufacturing sector.
Since June, eスポーツベッティング year-on-year demand has tumbled at eスポーツベッティング rate of around 5.4% up to June 24, although this is a bulletin figure on eスポーツベッティング transmission-end basis.
Future spread of COVID-19 could affect Japanese industries and economy even further. We will continue to closely monitor COVID developments with a grave sense of crisis.
Japan has lifted its emergency declaration, allowing gradual resumption of social and economic activities, yet our society and economy remain in severe turmoil, as evident in some 14,000 queries received about payment arrangement for electricity and gas charges amidst eスポーツベッティング aforementioned decline in power demand.
We are slowly learning to “live with” eスポーツベッティング novel coronavirus. Our social / economic structures are changing, and so are customers’ sense of values and patterns of behavior. These trends will soon spawn market needs and social challenges we did not see before.
Addressing such needs and social challenges is eスポーツベッティング mission of eスポーツベッティング Chuden Group, which has grown together with people of our local communities. We are committed to delivering new values and services by connecting people to people and people to society, as stated in our management vision.
eスポーツベッティング Chuden Group will further accelerate efforts to develop services that go one step ahead of customer needs, and deliver them in combination with energy services, thereby pioneering eスポーツベッティング future and fresh potential of our customers and society at large.
This ends my presentation.

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