JERA Co., Inc. (“JERA”) was established on April 30, 2015 based on the comprehensive alliance entered into between Tokyo Electric Power Company (since renamed and referred to herein as “TEPCO”) and Chubu Electric Power Company (“Chubu”) encompassing the entire energy supply chain from upstream fuel investment and fuel procurement through power generation. In July 2016, JERA succeeded its parent companies’ fuel business and the overseas power generation business, and aims to become one of the world’s leading energy firms. The energy business is exposed to a large number of uncertainties, such as fluctuating fossil fuel prices and the impact of deregulation. To address these uncertainties, we will use our strengths, which include the scale of the businesses inherited from TEPCO and Chubu and our wide-ranging business domain that allows involvement in the entire supply chain. The roots that TEPCO and Chubu have cultivated up to this point will be the foundation upon which we further expand the size and realm of our business and pursue JERA’s mission, which is to make active contributions to ensure an internationally competitive supply of power and energy and to invigorate the standard of living, industry and economy in Japan and around the world.