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Tokyo Electric Power Company Holdings ( (JP:9501) ) has issued an update.
Tokyo Electric Power Company Holdings announced that its subsidiary TEPCO Power Grid has sold 5,188,900 ordinary shares of electrical engineering firm Kandenko Co., Ltd. via Kandenko’s off-auction share repurchase on the Tokyo Stock Exchange, generating total proceeds of ¥28.8 billion and an estimated gain of about ¥11.0 billion. This gain will be booked as extraordinary profit in TEPCO’s consolidated results for the fiscal year ending March 2026, while the planned secondary offering of Kandenko shares by TEPCO Power Grid will be reduced to roughly 21 million shares, with final underwriting pricing to be set later in February; the company plans to disclose any material impact on performance once the sale price is determined, signaling continued optimization of its equity holdings and balance sheet.
The most recent analyst rating on (JP:9501) stock is a Sell with a Yen552.00 price target. To see the full list of analyst forecasts on Tokyo Electric Power Company Holdings stock, see the JP:9501 Stock Forecast page.
More about Tokyo Electric Power Company Holdings
Tokyo Electric Power Company Holdings, Inc. (TEPCO HD) is a major Japanese electric utility group listed on the Tokyo Stock Exchange Prime Market. Through subsidiaries such as TEPCO Power Grid, it focuses on power transmission and distribution as well as related energy infrastructure services in Japan, serving a broad base of residential, commercial, and industrial customers.
YTD Price Performance: -11.62%
Average Trading Volume: 94,852,027
Technical Sentiment Signal: Sell
Current Market Cap: Yen930.7B
For an in-depth examination of 9501 stock, go to TipRanks’ Overview page.