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Tokyo Electric Power Company Holdings
(9501)
Tokyo Electric Power Company Holdings (9501) vs. iShares MSCI Japan ETF (EWJ)
Tokyo Electric Power Company Holdings Business Overview & Revenue Model
Tokyo Electric Power Company Holdings Financial Statement Overview
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.74T | 6.81T | 6.92T | 7.80T | 5.31T | 5.87T |
| Gross Profit | 356.43B | 234.45B | 299.93B | -228.97B | 46.23B | 143.46B |
| EBITDA | 603.46B | 635.88B | 718.51B | 294.58B | 514.37B | 682.57B |
| Net Income | -775.65B | 161.28B | 267.85B | -123.63B | 2.92B | 180.90B |
Balance Sheet | ||||||
| Total Assets | 14.71T | 14.99T | 14.60T | 13.56T | 12.85T | 12.09T |
| Cash, Cash Equivalents and Short-Term Investments | 736.90B | 936.34B | 1.24T | 717.91B | 862.38B | 454.89B |
| Total Debt | 6.63T | 6.54T | 6.45T | 5.16T | 4.94T | 4.50T |
| Total Liabilities | 11.85T | 11.20T | 11.06T | 10.44T | 9.63T | 8.95T |
| Stockholders Equity | 2.83T | 3.76T | 3.51T | 3.10T | 3.20T | 3.13T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -433.04B | -31.82B | -706.82B | -145.41B | -360.03B |
| Operating Cash Flow | 0.00 | 400.28B | 673.02B | -75.67B | 406.49B | 239.82B |
| Investing Cash Flow | 0.00 | -859.21B | -698.79B | -388.84B | -559.79B | -577.22B |
| Financing Cash Flow | 0.00 | 194.17B | 541.50B | 319.98B | 560.60B | -20.34B |
Tokyo Electric Power Company Holdings Technical Analysis
Tokyo Electric Power Company Holdings Peers Comparison
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥601.13B | 6.14 | 7.92% | 3.22% | -1.56% | 9.17% | |
75 Outperform | ¥2.64T | 6.90 | 14.42% | 2.44% | 2.08% | 19.52% | |
74 Outperform | ¥557.78B | 3.27 | 16.13% | 3.47% | -8.73% | -6.98% | |
71 Outperform | ¥215.38B | 3.69 | 14.57% | 2.36% | -1.60% | -10.41% | |
69 Neutral | ¥355.83B | 3.95 | 15.45% | 3.23% | -1.02% | 79.80% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
52 Neutral | ¥930.71B | -1.25 | -22.13% | ― | -2.28% | -794.92% |
Tokyo Electric Power Company Holdings Corporate Events
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.
Tokyo Electric Power Company Holdings has announced the recognition of a substantial extraordinary loss in its results for the nine months ended December 31, 2025, primarily due to newly anticipated expenses of 905.6 billion yen for fuel debris retrieval preparation and related recovery work at facilities damaged by the Great East Japan Earthquake. In addition, TEPCO HD has increased its provision for nuclear damage compensation by 70.6 billion yen following an updated estimate of liabilities related to the Fukushima nuclear accidents, and, in conjunction with the Nuclear Damage Compensation and Decommissioning Facilitation Corporation, has secured ministerial approval for an increase in financial support, expecting to book 73.2 billion yen in grants-in-aid in the fiscal year ending March 31, 2026, to help fund these obligations and maintain its compensation framework.
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.
Tokyo Electric Power Company Holdings reported a 7.1% year-on-year decline in net sales to ¥4.61 trillion for the nine months ended December 31, 2025, with operating income down 16.9% to ¥258.4 billion and ordinary income roughly flat at ¥347.6 billion, but swung to a substantial net loss attributable to owners of the parent of ¥662.7 billion, compared with a profit a year earlier. The company’s equity ratio fell from 25.1% to 20.6% as net assets decreased, it continued its zero-dividend policy for the current fiscal year, and maintained its full-year forecast, which projects lower sales, modest growth in ordinary income, and a significant full-year net loss, signaling persistent financial strain and ongoing pressure on shareholder returns and balance-sheet strength.
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.
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.
Tokyo Electric Power Company Holdings will transfer its shared office business “SoloTime” to Nomura Real Estate Development through a simplified absorption-type company split scheduled to take effect on March 31, 2026, with no change to TEPCO’s capital and an expected consideration of ¥750 million. The move is intended to streamline TEPCO’s operations and leverage Nomura Real Estate’s expertise in the shared office and real estate domain to enhance service quality and expand the customer base, while ensuring continuity of services for existing users and maintaining the financial soundness of both companies, as the transaction is relatively small in scale versus TEPCO’s overall assets and sales and is not expected to impair either party’s ability to meet obligations.
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.
TEPCO HD has released a revised consolidated forecast for the fiscal year ending March 31, 2026, projecting net sales of ¥6.462 trillion, down ¥348 billion from the previous year due mainly to lower electricity sales volumes, while ordinary income is expected to rise to ¥277 billion, helped by a favorable swing in the time-lag effects of the fuel cost adjustment system. Despite this improvement at the ordinary income level, the company now expects a net loss attributable to owners of the parent of ¥641 billion, a deterioration of ¥802 billion year on year, primarily because expenses and losses related to restoring assets damaged by the Great East Japan Earthquake will be booked as a large extraordinary loss on disaster, underscoring the continuing financial impact of legacy nuclear-related costs on TEPCO’s earnings and capital structure.
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.
Tokyo Electric Power Company Holdings has obtained government approval for its Fifth Comprehensive Special Business Plan, submitted jointly with the Nuclear Damage Compensation and Decommissioning Facilitation Corporation under Japan’s nuclear damage compensation framework. The revised plan underpins TEPCO’s ongoing reforms in its core economic operations and Fukushima-related business, aiming to secure stable funding for compensation and decommissioning while enhancing corporate value and rebuilding trust among Fukushima communities, affected parties, customers, and the broader public.
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.
Tokyo Electric Power Company Holdings has received an additional 2.8 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation under its approved Special Business Plan, as its compensation obligations are expected to exceed previously secured funds by the end of February 2026. This new tranche brings TEPCO’s total financial support from the framework for nuclear accident liabilities to approximately 11.66 trillion yen in grants plus 188.9 billion yen in indemnity payments, underscoring the ongoing scale of compensation and decommissioning costs from the Fukushima disaster and the company’s continued reliance on public financial assistance to meet its responsibilities to affected stakeholders.
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.
TEPCO has applied to amend the amount of financial assistance it receives under the 23rd provision from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation and, together with the NDF, has sought government approval to modify its Special Business Plan last approved in March 2025. The requested assistance has been increased by approximately ¥73.3 billion, primarily due to higher estimated costs related to the discharge of ALPS-treated water and an extension of the period over which damages from shipment restriction orders, reputational harm, and other indirect losses are calculated, underscoring the continuing financial and operational impact of the Fukushima accident on TEPCO’s balance sheet and its ongoing efforts to secure funding for compensation, decommissioning, and corporate reform.
The most recent analyst rating on (JP:9501) stock is a Hold with a Yen723.00 price target. To see the full list of analyst forecasts on Tokyo Electric Power Company Holdings stock, see the JP:9501 Stock Forecast page.
Tokyo Electric Power Company Holdings has received 18.4 billion yen in additional grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation under a special business plan revised in March 2025. This latest tranche, following previous indemnity payments totaling 188.9 billion yen and cumulative grants of approximately 11.4534 trillion yen, was requested because compensation obligations through the end of January 2026 were projected to exceed earlier support, underscoring the still-substantial financial and operational burden of nuclear accident compensation on TEPCO and the ongoing reliance on government-backed funding mechanisms for its long-term obligations to affected stakeholders.
The most recent analyst rating on (JP:9501) stock is a Hold with a Yen723.00 price target. To see the full list of analyst forecasts on Tokyo Electric Power Company Holdings stock, see the JP:9501 Stock Forecast page.
TEPCO received a 10.9 billion yen grant from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation to aid in nuclear damage compensation efforts. This financial assistance is part of a larger framework to support TEPCO in addressing the aftermath of the nuclear accident, ensuring that compensation is provided to those affected.
The most recent analyst rating on (JP:9501) stock is a Hold with a Yen915.00 price target. To see the full list of analyst forecasts on Tokyo Electric Power Company Holdings stock, see the JP:9501 Stock Forecast page.