TEPCO to Book ¥80 Billion Extraordinary Gain From Kandenko Share Sale

Tokyo Electric Power Company Holdings ( (JP:9501) ) has issued an update.

Tokyo Electric Power Company Holdings said its consolidated subsidiary TEPCO Power Grid will record a substantial special profit from selling a large block of shares in Kandenko Co., Ltd. The utility has set the underwriting price for a secondary share distribution, enabling the sale of 18,259,400 Kandenko shares for total proceeds of about ¥106.7 billion and an estimated gain of roughly ¥80 billion.

The company expects to book this gain as extraordinary income in its consolidated results for the fiscal year ending March 2026, in addition to around ¥11 billion already recorded from a prior Kandenko share sale tied to a stock buyback. TEPCO noted that any further profit from an additional 2,738,900 shares subject to an over-allotment option with Nomura Securities will be disclosed once the option’s exercise and the resulting gain are confirmed, potentially adding further upside to earnings.

The most recent analyst rating on (JP:9501) stock is a Sell with a Yen562.00 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. is a major Japanese electric utility operating through subsidiaries such as TEPCO Power Grid, which manages power transmission and distribution. The group focuses on supplying electricity to the Tokyo metropolitan area and surrounding regions, and actively manages its asset portfolio, including equity stakes in related infrastructure and engineering companies like Kandenko Co., Ltd.

YTD Price Performance: 5.02%

Average Trading Volume: 92,279,362

Technical Sentiment Signal: Buy

Current Market Cap: Yen1106B

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