Overview
Construction

TOKYO ENERGY & SYSTEMS INC.

Tokyo Enesys is a specialized engineering and construction company focused on power-related and general electrical facility design and construction, serving primarily the Tokyo Electric Power (TEPCO) group as its principal client. The company covers a broad spectrum of power infrastructure including thermal, nuclear, hydroelectric, cogeneration, solar, and biomass generation facilities, as well as substation, information/communications, and HVAC systems. Beyond core construction, the group operates renewable energy power generation (solar and biomass), real estate leasing and management, equipment leasing and rental, and insurance agency businesses, while expanding into overseas energy-related projects in Vietnam and Thailand.

Market Cap
US$391M
¥62.4B
EV
US$342M
¥54.5B
StockUS$11.78(¥1,882)▼-1.16%
US$1 = ¥159.70 (2026-11-12)
LTM EV/EBITDA
6.8
x
LTM EV/EBIT
9.1
x
LTM PER
13.3
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-13.3%pt
1001
Nov 13, 25 – Nov 13, 26StockTOPIX
1Nov 6, 26Q2 FY2027/03 earnings announced
MC → EV Bridge
US$391M¥62.4BMarket CapUS$122M¥19.4B+ DebtUS$61.3M¥9.79B− CashUS$110M¥17.5B− Inv. Sec.US$342M¥54.5BEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (US$)
US$454M¥72.6B'22/3US$495M¥79.1B'23/3US$554M¥88.5B'24/3US$424M¥67.7B'25/3US$520M¥83.1B'26/3
EBITDA 5Y (US$)
US$27.3M¥4.35B'22/3US$32.6M¥5.21B'23/3US$38.1M¥6.09B'24/3US$29.3M¥4.68B'25/3US$42.4M¥6.77B'26/3
Net Income 5Y (US$)
US$7.68M¥1.23B'22/3US$13.3M¥2.12B'23/3US$18.5M¥2.96B'24/3US$18.2M¥2.90B'25/3US$26.8M¥4.29B'26/3
Capital Structure
79%
21%
EquityD/E 0.27xDebt
Liquidity vs Debt 5Y (US$)▲ Net Cash
CashInv. Sec.Debt
US$120M¥19.2BUS$54.2M¥8.65B'22/3US$152M¥24.3BUS$57.5M¥9.19B'23/3US$157M¥25.1BUS$43.5M¥6.94B'24/3US$144M¥23.1BUS$123M¥19.6B'25/3US$176M¥28.0BUS$114M¥18.1B'26/3
Shareholders
Top 10 hold 48.1%
1
Tokyo Electric Power Company Holdings,Incorporated
18.10%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
7.26%
3
Hikari Tsushin Investment Limited Liability Partnership
5.78%
4
TOKYO ENERGY & SYSTEMS INC. Employee Stock Ownership Association
2.81%
5
Masayoshi YAMAUCHI
2.67%
6
Custody Bank of Japan, Ltd. (Trust Account)
2.61%
7
TAIHEI DENGYO KAISHA,LTD.
2.48%
8
TOKYO SANGYO CO.,LTD.
2.39%
9
NORTHERN TRUST CO.(AVFC) RE IEDP AIF CLIENTS NON TREATY ACCOUNT (Standing Proxy: The Hongkong and Shanghai Banking Corporation Limited, Tokyo Branch)
2.01%
10
MURAKAMI TAKATERU (Standing Proxy: Mita Securities Co., Ltd.)
2.00%
Management
10 officers
Toshiaki MASHIMA
Representative Director, President and Executive Officer
Jul 2011 Narita Branch Manager, Chiba Branch, Tokyo Electric Power Co., Inc. (now Tokyo Electric Power Holdings, Inc.) Jul 2014 Technology Innovation, Head Office Technology Division, same company Jul 2016 Business Management Office, Business Management Group, Corporate Planning Unit (Technology and Business Innovation), same company Jun 2017 Managing Director, Tokyo Electric Power Fuel & Power, Inc. Apr 2019 Adviser, Tokyo Electric Power Holdings, Inc. Jun 2019 Director, Executive Vice President and Executive Officer, New Business Development, the Company Oct 2020 Director, Executive Vice President and Executive Officer, General Manager, Corporate Planning Division, the Company Jun 2021 Representative Director, Executive Vice President and Executive Officer, General Manager, Corporate Planning Division, the Company Jun 2022 Representative Director, President and Executive Officer, the Company Jun 2026 Representative Director, President and Executive Officer, the Company (scheduled)
1963-10-20
Soichiro HORIKAWA
Director, Executive Vice President and Executive Officer; General Manager, Energy Division
Jan 1989 Joined the Company Jun 2018 Senior Executive Officer, Deputy General Manager, Energy and Industry Division (Construction), concurrently General Manager, First Project Department, General Manager, International Department, and Deputy General Manager, Sales Division, the Company Jun 2019 Director, Managing Executive Officer, Deputy General Manager, Energy and Industry Division (Construction), concurrently General Manager, International Department and Deputy General Manager, Sales Division, the Company Apr 2020 Representative Director and President, Tokyo Enesys (Thailand) Co., Ltd. Oct 2020 Director, Managing Executive Officer, Acting General Manager, Power Division, concurrently General Manager, Power Sales Department and General Manager, Overseas Business Division, the Company Jun 2021 Director, Managing Executive Officer, Acting General Manager, Power Division, concurrently General Manager, Power Sales Department, the Company Jun 2022 Director, Managing Executive Officer, General Manager, Energy and Industry Division, the Company Jun 2023 Director, Managing Executive Officer, General Manager, Power Division, concurrently General Manager, Energy and Industry Division, the Company Jun 2024 Director, Executive Vice President and Executive Officer, General Manager, Energy Division, the Company (current)
1963-12-16
Shigeru NISHIYAMA
Director
Mar 1987 Registered as Certified Public Accountant (Japan) Apr 2002 Associate Professor, Graduate School of Business Administration (Business School), Waseda University Apr 2006 Professor, Graduate School of Business Administration (Business School), Waseda University (current) Jun 2021 Director, the Company (current)
1961-10-27
Sonoe HASEGAWA
Director
Jul 2000 Registered as Certified Public Accountant (Japan) Dec 2005 Joined Azsa & Co. (now Azsa LLC) Nov 2009 Representative, Hasegawa Certified Public Accountant and Tax Accountant Office (current) Sep 2010 Registered as Certified Tax Accountant Jun 2022 Director, the Company (current)
1967-07-11
Naoya ITO
Director
Apr 1984 Joined Tokio Marine & Fire Insurance Co., Ltd. (now Tokio Marine & Nichido Fire Insurance Co., Ltd.) Jul 2008 General Manager, Human Resources Planning Department, and Leader, Human Resources and Recruitment Group, same company; seconded to Tokio Marine Holdings, Inc. as Adviser Jul 2013 Executive Officer, General Manager, Public Affairs Department No. 2, same company Apr 2014 Executive Officer, same company Apr 2016 Managing Executive Officer, same company Apr 2020 Senior Managing Director, same company Apr 2022 Senior Managing Executive Officer, same company Apr 2023 Representative Director and President, Tokio Marine Business Support Co., Ltd. (current) Jun 2023 Director, the Company (current)
1961-10-15
Megumi OSHIMA
Director
Aug 1996 Joined Pediatrics Department, Showa University Hospital Jan 2000 Joined ALC Co., Ltd. Jan 2003 Joined Kato Law and Accounting Office Jul 2006 Joined Tokyo Central Patent Office Dec 2013 Joined Authense Law Office (part-time) Apr 2022 Registered as Attorney at Law Apr 2022 Joined Oshima Law Office (current) Jun 2025 Director, the Company (current)
1969-08-15
Makoto SATO
Director (Full-time Audit and Supervisory Committee Member)
Apr 1987 Joined the Company Jun 2018 General Manager, Business Management Department, the Company Oct 2020 General Manager, Audit and Internal Control Department (in charge of internal control), the Company Jun 2021 Executive Officer, General Manager, Audit and Internal Control Department, the Company Jun 2023 Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1965-02-17
Keiko KAKIUCHI
Director (Full-time Audit and Supervisory Committee Member)
Oct 2000 Joined Chuo Aoyama PricewaterhouseCoopers Mar 2005 Registered as Certified Public Accountant (Japan) Nov 2006 Joined Azsa & Co. (now Azsa LLC) Jul 2022 Representative, Kakiuchi Certified Public Accountant Office (current) Jun 2025 Director (Full-time Audit and Supervisory Committee Member), the Company (current)
1973-06-21
Teruoki NINOMIYA
Director (Audit and Supervisory Committee Member)
Apr 1989 Registered as Attorney at Law Apr 1992 Opened Marui Law Office (now Marui Sogo Law Office) (current) Jun 2019 Audit & Supervisory Board Member, the Company Apr 2021 Vice President, Daiichi Tokyo Bar Association Jun 2021 Director (Audit and Supervisory Committee Member), the Company (current)
1960-06-03
Hidefumi MORI
Director (Audit and Supervisory Committee Member)
Jul 2001 Commissioner, Mobara Tax Office Jul 2009 Director, Corporate Taxation Division, Taxation Department, National Tax Agency Jul 2011 Commissioner, Takamatsu Regional Taxation Bureau Aug 2013 Representative, Hidefumi Mori Tax Accountant Office (current) Jun 2020 Audit & Supervisory Board Member, the Company Jun 2021 Director (Audit and Supervisory Committee Member), the Company (current)
1953-01-18
Large Shareholding Reports
Koutsushin Co., Ltd.
2026-09-08
7.39%→6.82%
Koutsushin Co., Ltd.
2026-03-27
7.71%→7.39%
Koutsushin Co., Ltd.
2026-03-10
7.32%→7.71%
Koutsushin Co., Ltd.
2026-03-04
7.32%→7.32%
Tokyo Electric Power Company Holdings, Inc.
2026-03-04
24.33%→18.21%
Annual report (as of 2026-09-30): 18.10%
Koutsushin Co., Ltd.
2026-02-20
7.32%→7.32%
Koutsushin Co., Ltd.
2026-02-04
7.32%→7.32%
Koutsushin Co., Ltd.
2026-01-15
7.32%→7.32%
Koutsushin Co., Ltd.
2025-09-26
7.32%→7.32%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-11-12
Semi-Annual Securities Report
Period: Apr 2026 – Mar 2027
TDnet
2026-11-05
Q2 Earnings Flash
FY ending Mar 2027
EDINET
2026-09-08
Large Shareholding Report
TDnet
2026-08-06
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-12
Full-Year Earnings Flash
FY ending Mar 2026
TDnet
2026-04-23
業績予想の修正
EDINET
2026-03-27
Large Shareholding Report
EDINET
2026-03-10
Large Shareholding Report
EDINET
2026-03-04
Large Shareholding Report
EDINET
2026-03-04
Large Shareholding Report
EDINET
2026-02-20
Large Shareholding Report
TDnet
2026-02-06
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-02-04
Large Shareholding Report
EDINET
2026-01-15
Large Shareholding Report
EDINET
2025-11-13
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-09-26
Large Shareholding Report
TDnet
2025-08-05
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-14
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-06
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-13
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-13
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-29
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-13
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINETAmended
2022-10-14
Amended Annual Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
Ask me!
End of Preview

Try the full product

Free demo (no time limit, up to 10 companies). Explore Comps, DCF, LBO, WACC on every screen. Excel export is on the paid plan.

Free Demo (No Time Limit, 10 Companies) →