We would like to express our deepest gratitude for the tremendous support and understanding we have received from our stakeholders and investors.

In 2020, five years ago, we formulated our previous Chugoku Electric Power Group Corporate Vision, ENERGIACHANGE 2030. During this period, in addition to the accelerating tide of decarbonization and expanding volatility in fuel and wholesale electricity market prices, progress has also been made in electricity system reforms, including the development of various electricity markets. In addition, the environment surrounding the energy business is changing drastically, as the Japanese government's Strategic Energy Plan has been revised in order to achieve both energy supply stability and decarbonization amidst the expected increase in electricity demand.
 In our home Chugoku region, electricity demand is expected to increase at a faster pace than the national average due to the progress of digital transformation (DX) and the expansion of electrification for green transformation (GX) in the manufacturing industry. Meeting these energy supply and decarbonization needs is the mission of the Group, and represents an opportunity for significant growth.
 As a major step in this direction, we were able to restart Shimane Nuclear Power Station Unit 2 last December after being offline for about 13 years. With the consensus of the local community, we will continue to make utmost efforts to ensure stable operations with safety as our main premise. Now, in order to stabilize our revenue and financial base and finances and move on to the next stage of decarbonization, we are doing our utmost to get Shimane Nuclear Power Station Unit 3 up and running. Although it is a great challenge from a financial perspective to work on nuclear power plant projects in sequence, which require advance investments, we will continue to steadily improve profits during this period through measures such as enhancing our customer services, enhancing power source value, and evolving our trading. Furthermore, we will actively utilize sustainable financing to secure necessary funds, thereby building a foundation for growth. After the launch of operations at Shimane Unit 3, we will steadily reap the rewards of our investments up to that point. Leveraging our high capital profitability and stable financial base, we will grow sustainably and further enhance our corporate value. By doing this, we will also contribute to the sustainable development of the region.
 We have formulated the Chugoku Electric Power Group Corporate Vision 2040 to share our thoughts and vision for the future toward growth with our customers, local communities, society, shareholders, investors, and Group employees, and to achieve growth together.
 In this vision, we have taken our management philosophy of “Trust. Creation. Growth.” and established a clear value creation story in which we will “create economic and social value based on the capital generated from the trust of our stakeholders, and return that value to our stakeholders, leading to the next stage of growth.” We will meet the expectations of our stakeholders and contribute to the creation of a sustainable society by sincerely tackling challenges, whether today or a hundred years from now, and by realizing our value creation story looking out over these long horizons to the fruits of our efforts each day over the many years to come.

We would like to ask for the continued understanding and support of our shareholders and investors.

September 2025

*In this message, the term "FY 3/2026" refers to the period between April 1, 2025 and March 31, 2026.
*This message has been translated from the Japanese original for reference purposes only. In the event of any discrepancy between this translated document and the Japanese original, the original shall prevail.