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Chubu Electric, Mexico orders payment of about 75.9 billion yen to notice of appeal | Reuters

December 19 Chubu Electric Power announced on the 19th that it had received a corrective decision notice from the Mexican tax authorities on the 17th ordering the payment of approximately 75.9 billion yen. The picture is the logo of Chubu Electric Power. Taken in Nagoya, May 2011. (2022 REUTERS//Toru Hanai)

TOKYO (Reuters) – Chubu Electric Power Co said on Thursday it received a corrective decision notice from Mexican tax authorities on the 17th, ordering it to pay about 75.9 billion yen. The company said they were preparing to file an appeal with the authorities.

In July 2016, JERA (Chuo-ku, Tokyo) took over the overseas power generation and energy infrastructure business, which is an equity affiliate.”.

No provision has been made, and there is currently no impact on earnings.

On the other hand, Chubu Electric announced on the 19th that it will record a gain of 43.6 billion yen on the sale of one listed securities it owns as an extraordinary profit in the third quarter of the fiscal year ended March 2023. already included in the full year consolidated earnings forecast.