9501
Tokyo Electric Power Company Holdings, Incorporated
東京電力ホールディングス株式会社
Electric Power & Gas
Tokyo Electric Power Company Holdings, Incorporated, together with its subsidiaries, engages in the generation, transmission, distribution, and retail of electric power in Japan and internationally. It generates power through nuclear, fuel, and thermal, as well as solar, geothermal, hydro, and offshore wind power plants; and engages in the procurement, transportation, and trading of fuel. The company is also involved in the gas sales business. In addition, it provides consulting services, including planning for ODA or development banks comprising national-level facilities and preliminary surveys, cost-reduction programs for individual companies, energy conservation support and other environmental initiatives, and human resource development support. The company was formerly known as Tokyo Electric Power Company, Incorporated and changed its name to Tokyo Electric Power Company Holdings, Incorporated in April 2016. The company was incorporated in 1951 and is headquartered in Tokyo, Japan. Tokyo Electric Power Company Holdings, Incorporated is a subsidiary of Nuclear Damage Compensation And Decommissioning Facilitation Corporation.
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⚠ TSE Capital Mandate
P / Book
0.38×
Overview
Filings & Signals
Ownership
Financials
▾ Collapse Charts
Income Statement
Balance Sheet
Cash Flow
Ratios & Per Share
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Net Sales
—
¥6,810.4B
¥6,918.4B
¥7,798.7B
¥5,309.9B
Operating Income
¥337.7B
¥234.5B
¥278.9B
¥-229.0B
¥46.2B
Non-Operating Income
¥195.3B
¥132.2B
¥231.2B
¥10.8B
¥64.5B
Dividend Income
—
¥701M
¥657M
¥670M
¥773M
Interest Income
—
¥3.0B
¥909M
¥279M
¥364M
Non-Operating Expenses
—
¥112.2B
¥84.5B
¥67.2B
¥65.8B
Interest Expense
—
¥69.6B
¥58.0B
¥48.3B
¥44.6B
Ordinary Income
¥417.3B
¥254.4B
¥425.5B
¥-285.4B
¥45.0B
Pre-tax Income
¥-394.4B
¥198.7B
¥302.3B
¥-111.9B
¥14.1B
Income Taxes
¥60.3B
¥36.9B
¥32.7B
¥11.1B
¥7.6B
Current Tax
—
¥35.8B
¥34.9B
¥8.7B
¥8.0B
Deferred Tax
—
¥1.1B
¥-2.2B
¥2.4B
¥-467M
Net Income (owners)
¥-454.3B
¥161.3B
¥267.9B
¥-123.6B
¥5.6B
Minority Interest
—
¥568M
¥1.8B
¥601M
¥860M
Comprehensive Income
—
¥248.6B
¥417.5B
¥-85.7B
¥70.2B
EBITDA
¥726.7B
¥602.0B
¥637.1B
¥112.2B
¥465.4B
EPS
¥-283.51
¥100.67
¥167.18
¥-77.17
¥3.52
Shares Outstanding
—
3.54B
3.54B
3.54B
3.54B
Shares Issued (total)
—
3.55B
3.55B
3.55B
3.55B
Treasury Shares
—
7.3M
7.3M
7.3M
7.2M
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Total Assets
¥15,575.6B
¥14,987.0B
¥14,595.5B
¥13,563.1B
¥12,853.5B
Current Assets
¥2,349.8B
¥2,463.6B
¥2,623.0B
¥2,076.2B
¥2,030.8B
Cash & Deposits
¥937.2B
¥936.3B
¥1,242.5B
¥717.9B
¥862.4B
Trade Receivables
—
¥666.1B
¥636.3B
¥715.3B
¥611.4B
Non-Current Assets
¥13,225.8B
¥12,523.4B
¥11,972.5B
¥11,486.9B
¥10,822.7B
Total Liabilities
¥12,157.3B
¥11,200.9B
¥11,057.5B
¥10,441.1B
¥9,631.3B
Current Liabilities
¥4,684.2B
¥4,741.5B
¥4,671.0B
¥4,157.1B
¥4,004.7B
Accounts Payable
—
¥485.0B
¥388.9B
¥575.8B
¥467.7B
ST Debt
¥2,926.4B
¥2,867.9B
¥2,636.2B
¥2,183.1B
¥2,170.4B
Non-Current Liabilities
¥7,473.1B
¥6,459.4B
¥6,386.5B
¥6,284.0B
¥5,617.1B
Total LT Borrowings
¥3,420.9B
¥3,300.4B
¥3,131.4B
¥2,980.3B
¥2,772.2B
Pension Obligations
—
¥273.5B
¥309.8B
¥318.9B
¥323.5B
Total Equity
¥3,418.4B
¥3,786.1B
¥3,538.0B
¥3,122.0B
¥3,222.2B
Capital Stock
—
¥1,401.0B
¥1,401.0B
¥1,401.0B
¥1,401.0B
Capital Surplus
—
¥756.3B
¥756.3B
¥756.2B
¥756.2B
Retained Earnings
¥815.9B
¥1,270.1B
¥1,108.9B
¥840.9B
¥980.6B
Treasury Stock
—
¥-8.5B
¥-8.5B
¥-8.5B
¥-8.5B
AOCI
—
¥340.3B
¥253.6B
¥105.8B
¥67.5B
Equity (owners)
¥2,965.3B
¥3,418.9B
¥3,257.6B
¥2,989.6B
¥3,129.3B
Minority Interests
—
¥26.9B
¥26.8B
¥26.6B
¥25.3B
Total Interest-Bearing Debt ⓘ
¥6,347.3B
¥6,168.3B
¥5,767.6B
¥5,163.4B
¥4,942.6B
Net Cash ⓘ
¥-5,410.1B
¥-5,231.9B
¥-4,525.1B
¥-4,445.5B
¥-4,080.3B
NCAV ⓘ
¥-9,807.5B
¥-8,737.3B
¥-8,434.5B
¥-8,364.9B
¥-7,600.5B
NCAV/Share
—
¥-2,468
¥-2,383
¥-2,363
¥-2,147
BV/Share
—
¥966
¥920
¥845
¥884
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
Operating CF
¥560.3B
¥361.2B
¥673.0B
¥-75.7B
¥406.5B
Taxes Paid
—
¥-15.1B
—
¥4.8B
—
Interest Paid
—
¥-67.5B
¥-56.3B
¥-47.0B
¥-43.9B
Interest Received
—
¥11.0B
¥5.4B
¥25.4B
¥19.0B
D&A
¥389.0B
¥367.5B
¥358.2B
¥341.1B
¥419.2B
Investing CF
¥-663.6B
¥-859.2B
¥-698.8B
¥-388.8B
¥-559.8B
Financing CF
¥110.4B
¥194.2B
¥541.5B
¥320.0B
¥560.6B
LT Debt Repaid
—
¥-28.2B
¥-57.1B
¥-23.8B
¥-46.5B
Free Cash Flow
¥560.3B
¥361.2B
¥673.0B
¥-75.7B
¥406.5B
Net Change in Cash
—
¥-302.1B
¥517.8B
¥-144.5B
¥407.5B
Metric
FY 2025
TDnet
FY 2024
EDINET ↗
FY 2023
EDINET ↗
FY 2022
EDINET ↗
FY 2021
EDINET ↗
ROE
-12.6%
4.4%
8.1%
-3.9%
0.2%
ROA
-3.0%
1.1%
1.9%
-0.9%
0.0%
EPS
¥-283.51
¥100.67
¥167.18
¥-77.17
¥3.52
DPS
¥0.00
—
—
—
—
BPS
¥1,491.01
¥1,722.28
¥1,567.47
¥1,307.87
¥1,371.15
FCF/Share
—
¥102
¥190
¥-21
¥115
NCAV/Share
—
¥-2,468
¥-2,383
¥-2,363
¥-2,147
Event Timeline
S Shareholder
A Capital Signal
▾ Hide Chart
Large Shareholder Reports 1
Date Activist Stake Event Flag Demands Source
2023-07-20
NDF
54.69%
change
Passive
—
Top 10 Shareholders
Ownership DNA
Cross-Holdings Tracker 1
#
Shareholder
Shares (thou.)
% of Total
1
原子力損害賠償・廃炉等支援機構
1,940,000
54.75%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
日本マスタートラスト信託銀行株式会社(信託口)
210,579
5.94%
3
Custody Bank of Japan, Ltd. (Trust Account)
株式会社日本カストディ銀行(信託口)
66,796
1.88%
4
東京電力グループ従業員持株会
50,022
1.41%
5
東京都
42,676
1.20%
6
UBS AG LONDON A/C IPBSEGREGATED CLIENT ACCOUNT (常任代理人 シティバンク エヌ・エイ東京支店)
27,559
0.78%
7
株式会社三井住友銀行
26,945
0.76%
8
日本生命保険相互会社
26,400
0.75%
9
State Street Bank and Trust Company
STATE STREET BANK AND TRUST COMPANY 505001(常任代理人 株式会社みずほ銀行)
23,465
0.66%
10
JPMorgan Chase Bank, N.A.
JP MORGAN CHASE BANK 385781 (常任代理人 株式会社みずほ銀行)
20,328
0.57%
Domestic Nominees
7.8%
-0.5% vs 2024
Trust bank custodians — GPIF, pensions, investment trusts
Foreign Custodians
1.2%
-1.4% vs 2024
Sub-custodians for foreign asset managers
Direct / Strategic
59.6%
+0.5% vs 2024
Named entities with disclosed investment intent
Shareholder
Trend
2023
2024
2025
原子力損害賠償・廃炉等支援機構
54.74%
54.75%
54.75%
日本マスタートラスト信託銀行
6.07%
6.05%
5.94%
-0.11%
日本カストディ銀行
1.83%
2.27%
1.88%
-0.39%
東京電力グループ従業員持株会
1.49%
1.43%
1.41%
-0.02%
東京都
1.20%
1.20%
1.20%
UBS
NEW ENTRY
—
—
—
0.78%
NEW
三井住友銀行
1.01%
1.01%
0.76%
-0.25%
日本生命保険
0.74%
0.75%
0.75%
State Street
0.76%
0.87%
0.66%
-0.21%
JP Morgan
0.58%
0.60%
0.57%
-0.03%
BNY Mellon
last seen 2024
Exited Top 10
0.62%
1.12%
—
Concentration (HHI)
ⓘ
3043
3047
3042
3 fiscal years · top-10 holders per year · >2,500 HHI = high concentration · entity-resolved
Portfolio Book Value
¥3,889M
+111% since 2023
Holdings
1
Trend
Stable
vs 2023
Held Company
FY2025
¥3,889M total
FY2023
¥1,841M total
Book Val ¥M
Shares
Book Val ¥M
Shares
The Japan Steel Works, Ltd.
㈱日本製鋼所
3,889
742,800
1,841
742,800
Portfolio total
3,889
1,841
Book value in ¥M · ↓ reduced · ↑ increased vs prior year · M = mutual holding