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Utilities

Tohoku Electric Power Co., Inc.

Business Summary

Tohoku Electric Power Co., Inc. engages in electric power supply business. It operates through the following segments: Electric Power, Construction, and Others. The Electric Power segment supplies electricity to the Tohoku region. The Construction segment performs electrical, telecommunications, civil engineering, and building works; designs and manufactures electricity supply facilities; and provides research, survey, and analysis services related to environment preservation. The Others segment includes gas and information communication businesses, power supply equipment materials manufacturing and sales, and electrical appliance sales. The company was founded on May 1, 1951 and is headquartered in Sendai, Japan.

Financial Highlights

Mar 2020 JPYUSD
Revenue2,246.36B20,660.86M
Gross Profit257,717M2,370.33M
Operating income116,351M1,070.13M
Income before tax93,768M862.42M
Net income63,074M580.12M
EBITDA350,702M3,225.56M
Diluted EPS117.371.07
Dividends Per Share400.36
Total Assets4,323.09B40,045.37M
Total liabilities3,458.91B32,040.36M
Total equity792,242M7,338.63M
Operating cash flow371,525M3,417.08M
Currency in JPYCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 2,095.58B 1,949.58B 2,071.38B 2,244.31B 2,246.36B
Gross Profit 297,714M 266,702M 254,911M 236,129M 257,717M
Operating income 189,759M 130,423M 106,566M 84,733M 116,351M
Income before tax 152,616M 104,704M 72,412M 72,598M 93,768M
Net income 97,325M 69,931M 47,216M 46,484M 63,074M
EBITDA 436,867M 361,152M 333,210M 308,051M 350,702M
Diluted EPS 191.46 132.86 89.59 87.61 117.37
Dividends Per Share 25 35 40 40 40
Total Assets 4,152.43B 4,145.92B 4,222.16B 4,258.63B 4,323.09B
Total liabilities 3,468.04B 3,390.29B 3,423.45B 3,424.91B 3,458.91B
Total equity 630,374M 695,560M 731,318M 763,181M 792,242M
Operating cash flow 371,873M 278,147M 324,019M 262,804M 371,525M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 17,450.96M 18,003.77M 18,689.29M 20,238.25M 20,660.86M
Gross Profit 2,479.20M 2,462.90M 2,299.96M 2,129.30M 2,370.33M
Operating income 1,580.21M 1,204.41M 961.50M 764.08M 1,070.13M
Income before tax 1,270.90M 966.90M 653.34M 654.65M 862.42M
Net income 810.47M 645.79M 426.01M 419.17M 580.12M
EBITDA 3,638.00M 3,335.12M 3,006.43M 2,777.87M 3,225.56M
Diluted EPS 1.59 1.22 0.80 0.79 1.07
Dividends Per Share 0.20 0.32 0.36 0.36 0.36
Total Assets 36,945.02M 37,206.56M 39,700.63M 38,475.25M 40,045.37M
Total liabilities 30,855.84M 30,425.37M 32,190.43M 30,942.93M 32,040.36M
Total equity 5,608.55M 6,242.12M 6,876.51M 6,895.07M 7,338.63M
Operating cash flow 3,096.76M 2,568.59M 2,923.50M 2,369.85M 3,417.08M

Valuation Measures

Mar 2020
PER8.24
ROA1.46%
ROE8.11%
Operating margin5.17%
Profit margin2.80%

Key executives

  • President & Representative Director: Kojiro Higuchi
  • Director & Vice President: Shunji Yamamoto
  • Representative Director, Vice President & Head-IR: Shinichi Okanobu
  • Executive Officer: Tsukasa Koizumi
  • Executive Officer: Hiroyuki Matsuzaki

Shareholders

  • Nomura Asset Management Co., Ltd. (4.1%)
  • Asset Management One Co., Ltd. (3.6%)
  • Tohoku Electric Power Employee Stock Ownership Plan (2.9%)
  • Nippon Life Insurance Co. (2.7%)
  • The Vanguard Group, Inc. (2.7%)
  • Mizuho Financial Group, Inc. (2.6%)
  • Kochi Shinkin Bank (1.9%)
  • Daiwa Asset Management Co. Ltd. (1.3%)
  • The 77 Bank, Ltd. (1.2%)
  • BlackRock Fund Advisors (1.2%)

Contact Details

Related Companies

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  • Tohoku Power Investment Co. BV
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  • Eltas Tohoku, Inc.
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  • TDG Business Support Co. Ltd.
  • Kitanihon Electric Cable Co. Ltd.
  • Tsuken Electric Co. Ltd.
  • Nihonkai LNG Co. Ltd.
  • Joban Joint Power Co. Ltd.
  • Tohoku Afforestation & Environmental Protection Co. Ltd.
  • Tohoku Information Systems Co., Inc.
  • Tohoku Port Service Co., Inc.
  • Yutos Co. Ltd.
  • Tohoku Yochi Co., Inc.
  • Sakata Kyodo Power COLtd
  • Tohoku Pole Co. Ltd.

Competitors

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