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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 handles telecommunications, civil engineering, and construction work; and provides research, survey, and analysis services related to environment preservation. It also designs and manufactures power supply equipment. The Others segment includes gas and information communication businesses. It also sells power supply equipment materials. The company was founded on May 1, 1951 and is headquartered in Sendai, Japan.

Financial Highlights

Mar 2023 JPYUSD
Gross Profit-180,055M-1,328.64M
Operating income-179,976M-1,328.06M
Income before tax-199,198M-1,469.90M
Net income-127,561M-941.28M
Diluted EPS-255.13-1.88
Dividends Per Share----
Total Assets5,211.91B39,160.82M
Total liabilities4,580.81B34,418.90M
Total equity548,988M4,124.93M
Operating cash flow-93,776M-691.98M
Currency in JPYCurrency in USD

Historical Data

 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 2,244.31B 2,246.36B 2,286.80B 2,104.44B 3,007.20B
Gross Profit 236,129M 257,717M 238,419M 110,115M -180,055M
Operating income 84,733M 116,351M 87,920M -28,816M -179,976M
Income before tax 72,598M 93,768M 54,495M -68,248M -199,198M
Net income 46,484M 63,074M 29,381M -108,361M -127,561M
EBITDA 308,051M 350,702M 324,624M 162,865M 23,968M
Diluted EPS 87.61 117.37 55.87 -216.83 -255.13
Dividends Per Share 40 40 40 35 --
Total Assets 4,258.63B 4,323.09B 4,498.39B 4,752.30B 5,211.91B
Total liabilities 3,424.91B 3,458.91B 3,596.85B 3,973.32B 4,580.81B
Total equity 763,181M 792,242M 826,467M 699,659M 548,988M
Operating cash flow 262,804M 371,525M 217,617M 97,188M -93,776M
 Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Revenue 20,238.25M 20,660.86M 21,561.93M 18,727.39M 22,190.52M
Gross Profit 2,129.30M 2,370.33M 2,248.01M 979.90M -1,328.64M
Operating income 764.08M 1,070.13M 828.98M -256.43M -1,328.06M
Income before tax 654.65M 862.42M 513.82M -607.33M -1,469.90M
Net income 419.17M 580.12M 277.02M -964.30M -941.28M
EBITDA 2,777.87M 3,225.56M 3,060.83M 1,449.32M 176.86M
Diluted EPS 0.79 1.07 0.52 -1.92 -1.88
Dividends Per Share 0.36 0.36 0.37 0.31 --
Total Assets 38,475.25M 40,045.37M 40,709.44M 39,153.90M 39,160.82M
Total liabilities 30,942.93M 32,040.36M 32,550.75M 32,735.91M 34,418.90M
Total equity 6,895.07M 7,338.63M 7,479.33M 5,764.44M 4,124.93M
Operating cash flow 2,369.85M 3,417.08M 2,051.87M 864.87M -691.98M

Valuation Measures

Mar 2023
Operating margin-5.98%
Profit margin-4.24%

Key executives

  • President & Representative Director: Kojiro Higuchi
  • Representative Director, EVP & GM-Business Support: Shunji Yamamoto
  • Representative Director & Executive Vice President: Toshinori Abe
  • Director & Managing Executive Officer: Takano Hiromitsu
  • Director & Managing Executive Officer: Kazuhiro Ishiyama


  • Nomura Asset Management Co., Ltd. (3.8%)
  • Tohoku Electric Power Employee Stock Ownership Plan (3.4%)
  • Sumitomo Mitsui Trust Asset Management Co., Ltd. (3.2%)
  • Nippon Life Insurance Co. (2.7%)
  • The Vanguard Group, Inc. (2.3%)
  • Mizuho Financial Group, Inc. (2.0%)
  • BlackRock Fund Advisors (1.5%)
  • Nikko Asset Management Co., Ltd. (1.4%)
  • Daiwa Asset Management Co. Ltd. (1.3%)
  • The 77 Bank, Ltd. (1.2%)

Contact Details

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  • Tohcs Corp.
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  • BCPG Public Company Limited
Last Updated on 2 Jun, 2023

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