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Tokyo Electric Power Company Holdings
(9501)
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Rating:43Neutral
Price Target:
¥449.00
▼(-37.47% Downside)
Action:Reiterated
Date: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
Large regulated customer base
TEPCO's core retail footprint in the Kanto region provides enduring scale and stable demand exposure from residential, commercial and industrial customers. This entrenched market position supports predictable volumetric revenue and long-term contractual relationships that underwrite base load requirements and network utilization.
Negative Factors
Volatile profitability
Earnings instability — including a swing to a sizable net loss in 2026 despite prior profit years — signals that core margin drivers and cost exposures remain unpredictable. Persistent profit volatility undermines capacity to fund investments internally and complicates multi-period planning and credit assessment.
Read all positive and negative factors
Positive Factors
Negative Factors
Large regulated customer base
TEPCO's core retail footprint in the Kanto region provides enduring scale and stable demand exposure from residential, commercial and industrial customers. This entrenched market position supports predictable volumetric revenue and long-term contractual relationships that underwrite base load requirements and network utilization.
Read all positive factors
Tokyo Electric Power Company Holdings (9501) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥745.01B
Dividend YieldN/A
Average Volume (3M)89.03M
Price to Earnings (P/E)―
Beta (1Y)1.25
Revenue Growth-7.07%
EPS Growth-381.73%
CountryJP
Employees38,183
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)-283.53
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)114.13
Revenue Forecast (FY)¥6.62T
Tokyo Electric Power Company Holdings Business Overview & Revenue Model
Company Description
Tokyo Electric Power Company Holdings, Inc. (TEPCO) operates as a key player in the energy sector, handling the entire process of electric power generation, transmission, distribution, and retail for both domestic Japanese and international market...
How the Company Makes Money
TEPCO primarily makes money through regulated and competitive energy operations across its group companies. Key revenue streams include: (1) Electricity sales to end users: revenue from selling electricity to residential, commercial, and industria...
Tokyo Electric Power Company Holdings Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
52
Neutral
Cash Flow
38
Negative
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 6.33T | 6.81T | 6.92T | 7.80T | 5.31T |
| Gross Profit | 337.69B | 234.45B | 278.86B | -228.97B | 46.23B |
| EBITDA | 87.24B | 635.88B | 718.51B | 277.51B | 477.90B |
| Net Income | -454.26B | 161.28B | 267.85B | -123.63B | 5.64B |
Balance Sheet | |||||
| Total Assets | 15.58T | 14.99T | 14.60T | 13.56T | 12.84T |
| Cash, Cash Equivalents and Short-Term Investments | 937.23B | 936.34B | 1.24T | 717.91B | 862.38B |
| Total Debt | 6.61T | 6.69T | 6.45T | 5.87T | 5.53T |
| Total Liabilities | 12.16T | 11.20T | 11.06T | 10.44T | 9.63T |
| Stockholders Equity | 3.39T | 3.76T | 3.51T | 3.10T | 3.18T |
Cash Flow | |||||
| Free Cash Flow | -312.42B | -433.04B | 3.55B | -654.53B | -44.90B |
| Operating Cash Flow | 596.59B | 400.28B | 708.38B | -23.38B | 507.01B |
| Investing Cash Flow | -663.60B | -859.21B | -698.79B | -388.84B | -559.79B |
| Financing Cash Flow | 110.43B | 194.17B | 541.50B | 319.98B | 560.60B |
Tokyo Electric Power Company Holdings Technical Analysis
Negative
718.00
Price Trends
547.20
Negative
598.34
Negative
659.30
Negative
Market Momentum
-26.76
Positive
36.37
Neutral
26.94
Neutral
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 490.27, above the 50-day MA of 547.20, and above the 200-day MA of 659.30, indicating a bearish trend. The MACD of -26.76 indicates Positive momentum. The RSI at 36.37 is Neutral, neither overbought nor oversold. The STOCH value of 26.94 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
66 Neutral | $17.65B | 18.10 | 5.60% | 3.62% | 6.62% | 11.55% | |
62 Neutral | ¥534.29B | 6.30 | 16.40% | 3.47% | -10.30% | -53.53% | |
59 Neutral | ¥2.43T | 6.75 | 14.42% | 2.44% | -6.47% | -23.93% | |
58 Neutral | ¥645.21B | 11.52 | 7.17% | 3.22% | -10.21% | -36.83% | |
50 Neutral | ¥199.16B | 4.41 | 13.70% | 2.36% | -5.11% | -31.49% | |
49 Neutral | ¥330.15B | 4.87 | 12.27% | 3.23% | -5.68% | -30.36% | |
43 Neutral | ¥745.01B | -1.66 | -22.13% | ― | -7.07% | -381.73% |
* Utilities Sector Average
JP:9501
Tokyo Electric Power Company Holdings
465.00
-53.10
-10.25%
JP:9504
Chugoku Electric Power Co
916.40
195.00
27.03%
JP:9513
Electric Power Development Co
3,659.00
1,182.72
47.76%
JP:9503
Kansai Electric Power Company
2,275.50
563.78
32.94%
JP:9506
Tohoku Electric Power Company
1,069.00
34.40
3.33%
JP:9509
Hokkaido Electric Power Company,Incorporated
970.00
212.01
27.97%
Tokyo Electric Power Company Holdings Corporate Events
TEPCO details state-backed control and nuclear decommissioning support
Jun 26, 2026
Tokyo Electric Power Company Holdings has disclosed that the Nuclear Damage Compensation and Decommissioning Facilitation Corporation holds 50.08% of its voting rights, effectively making the public, non-profit body its controlling shareholder. Th...
TEPCO Secures Additional State-Backed Funding for Nuclear Compensation Burden
Jun 24, 2026
Tokyo Electric Power Company Holdings has secured an additional 34.4 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation under a revised Special Business Plan approved in March 2026. This new ass...
TEPCO Secures Additional ¥7.2 Billion Grant for Nuclear Damage Compensation
May 22, 2026
Tokyo Electric Power Company Holdings has received a new grant of 7.2 billion yen from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation under a revised Special Business Plan approved in March 2026. This latest tranche f...
TEPCO Revises FY2025 Presentation Narratives Without Changing Headline Results
May 14, 2026
Tokyo Electric Power Company Holdings has corrected parts of its FY2025 financial results presentation, updating the description of year-on-year comparisons for its TEPCO FP segment while leaving previously disclosed financial figures unchanged. T...
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...
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.