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 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	JPY	USD
Revenue	3,007.20B	22,190.52M
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
EBITDA	23,968M	176.86M
Diluted EPS	-255.13	-1.88
Dividends Per Share	--	--
Total Assets	5,211.91B	39,160.82M
Total liabilities	4,580.81B	34,418.90M
Total equity	548,988M	4,124.93M
Operating cash flow	-93,776M	-691.98M
	Currency in JPY	Currency in USD

Historical Data

JPY | USD

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 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 2019	Mar 2020	Mar 2021	Mar 2022	Mar 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
PER	--
ROA	-2.56%
ROE	-20.43%
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

Shareholders

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

Website:http://www.tohoku-epco.co.jp
Address: 1-7-1 Honcho, Aoba-Ku, Sendai, 980-8550, Japan
Phone: +81.22.225.2111

Related Companies

Tohoku-Electric Power Friendly Partners Co., Inc.
Aquaclara Tohoku Corp.
DG Business Support Corp.
E life Partners Co. Ltd.
GREENRECYCLE Corp.
Tohoku Eco Techno Corp.
Synergia Power Co. Ltd.
Tsuken Electric Ind Co. Ltd.
Tohoku Pole Transport Corp.
YURTEC KANTO SERVICE Corp.
YURTEC HAIDEN TECHNO Corp.
YURTEC MIYAGI SERVICE Corp.
Higashi Nihon Techno Survey Corp.
Tohoku Development Consultant Co. Ltd.
Tohoku Power Transmission & Distribution Service Co., Inc.
Yur Solar (Tomiya/Hobara/Zao) Co. Ltd.
Fukushima Electric Power Corp.
Aqua Power Tohoku Co. Ltd.
Arakawa Hydro-Electric Power Co. Ltd.
MeriT Power Holdings BV
Tohoku Sustainable & Renewable Energy Co., Inc.
Tohoku Electric Power Board Incentive Plan
Tohoku Electric Power Restricted Stock Compensation Plan
Tohoku EPCO Energy Trading Co., Inc.
Tohoku Power Investment Co. BV
Tohoku Electric Meter Industry Co., Inc.
Tohoku Ryokka Kankyohozen KK
Yurtec Service KK
Tohcs Corp.
Tohoku Natural Gas Co., Inc.

Competitors

BCPG Public Company Limited

Last Updated on 2 Jun, 2023