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Tokyo Electric Power Company Holdings ( (JP:9501) ) just unveiled an announcement.
TEPCO Power Grid, a consolidated subsidiary of Tokyo Electric Power Company Holdings, will sell approximately 26 million ordinary shares of electrical engineering firm Kandenko via a secondary offering, while keeping its ownership stake above one-third to preserve a strong business relationship. The share sale is aimed at improving capital efficiency and optimizing TEPCO’s capital relationship with Kandenko so that the TEPCO Group can free up funds for future capital investments in stable power supply and growth projects tied to DX and GX, with any impact on earnings to be disclosed once pricing is set and with potential adjustments depending on Kandenko’s planned share buyback.
The most recent analyst rating on (JP:9501) stock is a Hold with a Yen687.00 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) is Japan’s largest electric utility group, providing power transmission and distribution through subsidiaries such as TEPCO Power Grid. The group is focused on maintaining a stable electricity supply while advancing digital transformation (DX) and green transformation (GX) initiatives, and it actively manages its asset portfolio and capital structure to support long-term investment in grid stability and decarbonization-related growth areas.
Average Trading Volume: 94,740,066
Technical Sentiment Signal: Hold
Current Market Cap: Yen976.7B
Learn more about 9501 stock on TipRanks’ Stock Analysis page.