Tohoku Electric Power Company Incorporated (JP:9506)
:9506
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Tohoku Electric Power Company
(9506)
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Rating:62Neutral
Price Target:
¥1,128.00
▲(3.77% Upside)
Action:DowngradedDate:05/02/26
Overall score reflects improving but still uneven fundamentals (profitability recovery and better leverage offset by declining revenue, 2026 margin compression, and negative 2026 free cash flow). Technicals are weak and trend is bearish, while valuation is a key positive with a low P/E and supportive dividend yield.
Positive Factors
Regulated transmission & distribution franchise
Operating a regulated T&D network in the Tohoku region provides recurring, tariff‑based revenue and structural cash flow stability. This infrastructure franchise reduces exposure to wholesale price swings and supports predictable earnings and investment recovery over multi‑year horizons.
Negative Factors
Three-year revenue decline
Continuous revenue contraction for three years erodes scale and pricing power in retail and wholesale segments. Over time this limits margin leverage, reduces cash available for capex and dividends, and may signal structural demand loss or competitive pressure in the liberalized retail market.
Read all positive and negative factors
Positive Factors
Negative Factors
Regulated transmission & distribution franchise
Operating a regulated T&D network in the Tohoku region provides recurring, tariff‑based revenue and structural cash flow stability. This infrastructure franchise reduces exposure to wholesale price swings and supports predictable earnings and investment recovery over multi‑year horizons.
Read all positive factors
Tohoku Electric Power Company (9506) vs. iShares MSCI Japan ETF (EWJ)
Market Cap
¥527.54B
Dividend Yield3.47%
Average Volume (3M)2.28M
Price to Earnings (P/E)―
Beta (1Y)0.93
Revenue Growth-10.30%
EPS Growth-53.53%
CountryJP
Employees24,234
SectorUtilities
Sector Strength65
IndustryRenewable Utilities
Share Statistics
EPS (TTM)169.85
Shares Outstanding502,882,600
10 Day Avg. Volume1,994,400
30 Day Avg. Volume2,276,696
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.53
Price to Sales (P/S)0.25
P/FCF Ratio-23.21
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
¥1,670.00Price Target Upside53.63% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)229.99
Revenue Forecast (FY)¥2.42T
Tohoku Electric Power Company Business Overview & Revenue Model
Company Description
Tohoku Electric Power Company (9506) is a major electric utility in Japan, primarily serving the Tohoku region. The company engages in the generation, transmission, and distribution of electricity, operating a diverse mix of energy sources includi...
How the Company Makes Money
Tohoku Electric Power makes money mainly by supplying electricity and by operating power network infrastructure. A core revenue stream is electricity sales: the company generates electricity at its own power plants and/or procures electricity (inc...
Tohoku Electric Power Company Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
68
Positive
Cash Flow
54
Neutral
| Breakdown | Mar 2026 | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 2.37T | 2.64T | 2.82T | 3.01T | 2.10T |
| Gross Profit | 160.38B | 280.33B | 322.26B | -180.06B | -28.74B |
| EBITDA | 389.84B | 493.44B | 510.48B | 15.52B | 130.15B |
| Net Income | 84.97B | 182.81B | 226.10B | -127.56B | -108.36B |
Balance Sheet | |||||
| Total Assets | 5.73T | 5.45T | 5.43T | 5.24T | 4.75T |
| Cash, Cash Equivalents and Short-Term Investments | 660.70B | 551.49B | 530.45B | 506.75B | 274.77B |
| Total Debt | 3.49T | 2.94T | 2.96T | 3.08T | 2.38T |
| Total Liabilities | 4.60T | 4.45T | 4.51T | 4.61T | 3.97T |
| Stockholders Equity | 1.11T | 985.18B | 827.70B | 548.99B | 699.66B |
Cash Flow | |||||
| Free Cash Flow | -25.22B | 16.25B | 92.92B | -401.96B | -178.94B |
| Operating Cash Flow | 370.16B | 410.33B | 450.16B | -93.78B | 97.19B |
| Investing Cash Flow | -375.69B | -422.62B | -333.55B | -275.80B | -322.16B |
| Financing Cash Flow | 115.19B | 34.15B | -96.05B | 598.47B | 293.24B |
Tohoku Electric Power Company Technical Analysis
Positive
1087.00
Price Trends
1173.93
Positive
1145.36
Positive
1106.64
Positive
Market Momentum
3.99
Negative
52.74
Neutral
47.67
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For JP:9506, the sentiment is Positive. The current price of 1087 is below the 20-day moving average (MA) of 1169.27, below the 50-day MA of 1173.93, and below the 200-day MA of 1106.64, indicating a bullish trend. The MACD of 3.99 indicates Negative momentum. The RSI at 52.74 is Neutral, neither overbought nor oversold. The STOCH value of 47.67 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for JP:9506.
Tohoku Electric Power Company 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 | ¥527.54B | -4.76 | 16.40% | 3.47% | -10.30% | -53.53% | |
59 Neutral | ¥2.58T | 18.06 | 14.42% | 2.44% | -6.47% | -23.93% | |
57 Neutral | ¥185.26B | -9.52 | 17.23% | 2.31% | -7.70% | -16.43% | |
50 Neutral | ¥204.97B | -11.24 | 13.70% | 2.36% | -5.11% | -31.49% | |
49 Neutral | ¥323.80B | -53.90 | 12.27% | 3.23% | -5.68% | -30.36% | |
43 Neutral | ¥1.01T | 1.23 | -22.13% | ― | -7.07% | -381.65% |
* Utilities Sector Average
JP:9506
Tohoku Electric Power Company
1,055.50
60.99
6.13%
JP:9504
Chugoku Electric Power Co
898.80
166.03
22.66%
JP:9505
Hokuriku Electric Power Company
887.40
169.82
23.67%
JP:9503
Kansai Electric Power Company
2,408.50
763.70
46.43%
JP:9501
Tokyo Electric Power Company Holdings
632.80
224.20
54.87%
JP:9509
Hokkaido Electric Power Company,Incorporated
998.30
301.90
43.35%
Tohoku Electric Power Company Corporate Events
Tohoku Electric Power Books ¥50.6 Billion Non-Cash Loss on Forward Power Contracts
Apr 30, 2026
Tohoku Electric Power said it booked a ¥50.6 billion market valuation loss on forward power contracts as an operating expense in its consolidated results for the year ended March 2026. The loss stems from adverse valuation on some forward con...
Tohoku Electric Power Misses FY2026 Forecasts on Lower Sales and Contract Valuation Losses
Apr 30, 2026
Tohoku Electric Power reported that its fiscal year ended March 31, 2026 results came in below prior forecasts, with operating revenue, operating income, ordinary income and net income all undershooting guidance. The shortfall was driven mainly by...
Tohoku Electric Power Sets FY2026 Targets and Expands Growth and Green Initiatives
Apr 30, 2026
Tohoku Electric Power has released its financial summary for FY2025 and presented forecasts for FY2026, outlining trends in consolidated revenue, income, and key financial indicators, along with dividend plans and segment performance across power ...
Tohoku Electric Power Profit Falls Sharply but Dividend Raised as Balance Sheet Strengthens
Apr 30, 2026
Tohoku Electric Power reported a sharp year-on-year decline in earnings for the fiscal year ended March 31, 2026, with net sales down 10.3% to ¥2.37 trillion and profit attributable to owners of parent falling 53.5% to ¥84.98 billion, re...
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.