Tokyo Electric Power Company Holdings Incorporated (JP:9501)
:9501
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Tokyo Electric Power Company Holdings
(9501)
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Rating:43Neutral
Price Target:
¥591.00
▼(-17.69% Downside)
Action:ReiteratedDate:05/02/26
The score is primarily weighed down by weak financial performance—volatile profitability, elevated leverage, and mostly negative free cash flow—followed by bearish technical signals (price below key moving averages with negative MACD). Valuation is also constrained by loss-making results (negative P/E) and lack of dividend yield data.
Positive Factors
Regulated T&D revenue
Regulated transmission and distribution revenues provide a stable, contract-like cash flow base that is less exposed to wholesale price swings. Over the next 2–6 months this supports predictable recovery of network capex and underpins creditworthiness versus pure merchant exposures.
Negative Factors
Profitability volatility
Large swings in revenue and a return to a sizable net loss in 2026 signal unstable earnings power. Persistent profitability volatility undermines retained-earnings accumulation, complicates multi-year planning, and increases the likelihood of external financing needs during adverse cycles.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated T&D revenue
Regulated transmission and distribution revenues provide a stable, contract-like cash flow base that is less exposed to wholesale price swings. Over the next 2–6 months this supports predictable recovery of network capex and underpins creditworthiness versus pure merchant exposures.
Read all positive factors
Tokyo Electric Power Company Holdings (9501) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥981.66B
Dividend YieldN/A
Average Volume (3M)89.03M
Price to Earnings (P/E)―
Beta (1Y)1.23
Revenue Growth-7.07%
EPS Growth-381.65%
CountryJP
Employees38,183
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)130.10
Shares Outstanding1,607,017,500
10 Day Avg. Volume89,096,750
30 Day Avg. Volume89,034,326
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.30
Price to Sales (P/S)0.16
P/FCF Ratio-3.28
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)114.17
Revenue Forecast (FY)¥6.62T
Tokyo Electric Power Company Holdings Business Overview & Revenue Model
Company Description
Tokyo Electric Power Company Holdings, Incorporated generates, transmits, distributes, and retails electric power in Japan and internationally. The company operates a portfolio of thermal, nuclear, solar, wind, hydro, and geothermal power plants. ...
How the Company Makes Money
TEPCO Holdings makes money primarily through its consolidated operating subsidiaries and related group businesses. Key revenue streams include: (1) Electricity retail/sales revenue: earnings from selling electricity to residential, commercial, and...
Tokyo Electric Power Company Holdings Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
38
Negative
| Breakdown | TTM | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.46T | 6.33T | 6.81T | 6.92T | 7.80T | 5.31T |
| Gross Profit | 552.76B | 337.69B | 234.45B | 278.86B | -228.97B | 46.23B |
| EBITDA | -255.20B | 726.73B | 635.88B | 718.51B | 277.51B | 477.90B |
| Net Income | -744.53B | -454.26B | 161.28B | 267.85B | -123.63B | 5.64B |
Balance Sheet | ||||||
| Total Assets | 15.00T | 15.58T | 14.99T | 14.60T | 13.56T | 12.84T |
| Cash, Cash Equivalents and Short-Term Investments | 781.82B | 937.23B | 936.34B | 1.24T | 717.91B | 862.38B |
| Total Debt | 6.59T | 6.61T | 6.69T | 6.45T | 5.87T | 5.53T |
| Total Liabilities | 11.88T | 12.16T | 11.20T | 11.06T | 10.44T | 9.63T |
| Stockholders Equity | 3.09T | 3.39T | 3.76T | 3.51T | 3.10T | 3.18T |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -312.42B | -433.04B | 3.55B | -654.53B | -44.90B |
| Operating Cash Flow | 0.00 | 596.59B | 400.28B | 708.38B | -23.38B | 507.01B |
| Investing Cash Flow | 0.00 | -663.60B | -859.21B | -698.79B | -388.84B | -559.79B |
| Financing Cash Flow | 0.00 | 110.43B | 194.17B | 541.50B | 319.98B | 560.60B |
Tokyo Electric Power Company Holdings Technical Analysis
Negative
718.00
Price Trends
649.45
Negative
665.59
Negative
675.29
Negative
Market Momentum
-2.19
Positive
44.97
Neutral
13.35
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9501, the sentiment is Negative. The current price of 718 is above the 20-day moving average (MA) of 639.34, above the 50-day MA of 649.45, and above the 200-day MA of 675.29, indicating a bearish trend. The MACD of -2.19 indicates Positive momentum. The RSI at 44.97 is Neutral, neither overbought nor oversold. The STOCH value of 13.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for JP:9501.
Tokyo Electric Power Company Holdings Peers Comparison
UnderperformOutperform
Sector (66)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
82 Outperform | ¥697.60B | 6.68 | 7.17% | 3.22% | -2.69% | -3.22% | |
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | ¥531.79B | 6.89 | 16.40% | 3.47% | -10.30% | -53.53% | |
59 Neutral | ¥2.57T | 7.58 | 14.42% | 2.44% | -6.47% | -23.93% | |
50 Neutral | ¥205.32B | 4.93 | 13.70% | 2.36% | -5.11% | -31.49% | |
49 Neutral | ¥322.94B | 5.23 | 12.27% | 3.23% | -5.68% | -30.36% | |
43 Neutral | ¥981.66B | -2.25 | -22.13% | ― | -7.07% | -381.65% |
* Utilities Sector Average
JP:9501
Tokyo Electric Power Company Holdings
612.70
201.30
48.93%
JP:9504
Chugoku Electric Power Co
896.40
171.79
23.71%
JP:9513
Electric Power Development Co
3,811.00
1,358.50
55.39%
JP:9503
Kansai Electric Power Company
2,404.00
793.63
49.28%
JP:9506
Tohoku Electric Power Company
1,064.00
56.93
5.65%
JP:9509
Hokkaido Electric Power Company,Incorporated
1,000.00
259.11
34.97%
Tokyo Electric Power Company Holdings Corporate Events
TEPCO Books Massive Fukushima‑Related Losses but Narrows Annual Net Loss
Apr 30, 2026
Tokyo Electric Power Company Holdings reported significant extraordinary items for the fiscal year ended March 31, 2026, including a ¥103.0 billion gain from selling part of its stake in Kandenko and related firms, and ¥81.8 billion in g...
TEPCO Swings to Heavy Loss Despite Higher Operating Profit and Withholds 2027 Outlook
Apr 30, 2026
Tokyo Electric Power Company Holdings reported a 7.1% decline in net sales to ¥6.33 trillion for the fiscal year ended March 31, 2026, but sharply improved profitability at the operating and ordinary income levels. Operating income rose 44% t...
TEPCO Secures Additional 4.7 Billion Yen for Fukushima Compensation
Apr 22, 2026
Tokyo Electric Power Company Holdings has received an additional 4.7 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation, under a revised special business plan approved in late March 2026. This n...
TEPCO Secures Additional State-Backed Funding for Fukushima Compensation
Apr 1, 2026
Tokyo Electric Power Company Holdings has received an additional ¥5.0 billion in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation, following approval of modifications to its Special Business Plan. This ...
TEPCO Wins Government Approval to Amend Comprehensive Special Business Plan
Mar 31, 2026
Tokyo Electric Power Company Holdings has secured government approval to amend its Comprehensive Special Business Plan, developed jointly with the Nuclear Damage Compensation and Decommissioning Facilitation Corporation under Japan’s nuclear...
TEPCO Secures Additional Public Funds for Fukushima Compensation
Mar 25, 2026
Tokyo Electric Power Company Holdings received a 12.1 billion yen grant in March from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation under a revised Special Business Plan approved in January 2026. This latest tranche ...
TEPCO Books Further Extraordinary Gain From Kandenko Share Sale
Mar 19, 2026
Tokyo Electric Power Company Holdings said its grid subsidiary TEPCO Power Grid has completed another sale of Kandenko Co., Ltd. shares, after Nomura Securities exercised an option to purchase an additional 2,708,900 shares. The transaction will g...
TEPCO Seeks Revision of Special Business Plan as Compensation Costs Rise
Mar 18, 2026
Tokyo Electric Power Company Holdings has applied to amend its Comprehensive Special Business Plan after seeking additional financial assistance from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation. The move stems from...
TEPCO Secures Additional Funding for Fukushima Nuclear Compensation
Feb 25, 2026
Tokyo Electric Power Company Holdings has received an additional 8.6 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation. This funding is provided under a special business plan revised in January...
TEPCO to Book ¥80 Billion Extraordinary Gain From Kandenko Share Sale
Feb 16, 2026
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 ...
TEPCO to Trim Qtes Stake via Secondary Offering While Maintaining Strategic Ties
Feb 16, 2026
Tokyo Electric Power Company Holdings will participate as a selling shareholder in a secondary offering of ordinary shares in Tokyo Energy Systems Inc., disposing of up to 3.1 million shares. The move is aimed at optimizing TEPCO’s capital ...
TEPCO Swings to Heavy Loss and Revises Nine-Month Results After Kandenko Share Sale
Feb 13, 2026
Tokyo Electric Power Company Holdings reported consolidated net sales of ¥4,612.2 billion for the nine months ended December 31, 2025, down 7.1% year on year, with operating income falling 16.9% to ¥258.4 billion and ordinary income slip...
TEPCO Books ¥11 Billion Extraordinary Gain From Kandenko Share Sale
Feb 2, 2026
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...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.