Overview
Electric Power and Gas

Tokyo Electric Power Company Holdings,Incorporated

Tokyo Electric Power Company Holdings, Inc. (TEPCO) is Japan's largest electric utility, operating through five core business segments: Fuel & Power (thermal power generation and fuel procurement), Power Grid (transmission, transformation, and distribution), Energy Partner (retail electricity and total energy solutions for customers), Renewable Power (development and operation of renewable energy assets domestically and internationally), and Holdings (corporate management and shared services including nuclear power). The company supplies electricity primarily to the greater Tokyo metropolitan area and surrounding Kanto region, while also expanding its renewable energy portfolio and overseas investments across Asia, Europe, and beyond.

Market Cap
¥801B
US$5.10B
EV
¥6,909B
US$44.0B
Stock¥500▲+0.38%
US$1 = ¥157.05 (2026-10-22)
LTM EV/EBITDA
10.8
x
LTM EV/EBIT
28.8
x
LTM PER
2.0
x
LTM PBR
0.2
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-56.9%pt
100
Oct 23, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
801BUS$5.10BMarket Cap6,846BUS$43.6B+ Debt601BUS$3.83B− Cash166BUS$1.06B− Inv. Sec.28.7BUS$183M+ NCI6,909BUS$44.0BEV
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Performance & Balance
Revenue 5Y (¥B)
5,310US$33.8B'22/37,799US$49.7B'23/36,918US$44.1B'24/36,810US$43.4B'25/36,329US$40.3B'26/3
EBITDA 5Y (¥B)
465US$2.96B'22/3112US$714M'23/3637US$4.06B'24/3602US$3.83B'25/3727US$4.63B'26/3
Net Income 5Y (¥B)
5.64US$35.9M'22/3-124-US$787M'23/3268US$1.71B'24/3161US$1.03B'25/3-454-US$2.89B'26/3
Capital Structure
33%
67%
EquityD/E 2.02xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
995US$6.33B4,943US$31.5B'22/3848US$5.40B5,878US$37.4B'23/31,379US$8.78B6,438US$41.0B'24/31,104US$7.03B6,658US$42.4B'25/31,103US$7.02B6,787US$43.2B'26/3
Shareholders
Top 10 hold 67.7%
1
Nuclear Damage Compensation and Decommissioning Facilitation Corporation
54.75%
2
The Master Trust Bank of Japan, Ltd. (Trust Account)
5.56%
3
Custody Bank of Japan, Ltd. (Trust Account)
1.51%
4
Employee Stock Ownership Association
1.37%
5
Tokyo Metropolitan Government
1.20%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
0.77%
7
Nippon Life Insurance Company
0.75%
8
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
0.67%
9
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
0.62%
10
Sumitomo Mitsui Banking Corporation
0.51%
Management
13 officers
Shoichiro ONISHI
Director, Nominating Committee Member, Audit Committee Member
Apr 1992 Attorney-at-law (current) Nov 2003 Managing Director, Industrial Revitalization Corporation of Japan Jan 2007 Representative Director, Frontier Management Inc. Nov 2017 Representative Director, FCD Partners Co., Ltd. Jun 2020 Director, the Company (current) Aug 2021 Representative Director, Co-President and Executive Officer, Frontier Management Inc. Apr 2022 Representative Director, Co-President, Frontier Capital Co., Ltd. Sep 2022 Representative Director, President, Frontier Capital Co., Ltd. (current) Feb 2024 Representative Director, President and Executive Officer, Frontier Management Inc. Jan 2025 Representative Director, Chairman, Frontier Management Inc. Mar 2026 Representative Director, Chairman and President, Frontier Management Inc. (current)
1963-09-25
Junko OKAWA
Director, Audit Committee Member, Compensation Committee Member
Dec 1977 Joined Japan Airlines Co., Ltd. Apr 2016 Representative Director, Senior Managing Executive Officer, Japan Airlines Co., Ltd. Apr 2018 Director, Vice Chairman, Japan Airlines Co., Ltd. Jun 2018 Vice Chairman, Japan Airlines Co., Ltd. Apr 2019 Special Adviser, Japan Airlines Co., Ltd. Jun 2023 Director, the Company (current)
1954-08-31
Takashi NAGATA
Director, Audit Committee Member, Compensation Committee Member
Mar 1990 Certified Public Accountant (current) Nov 2013 Deputy Chief Executive, Deloitte Touche Tohmatsu LLC Nov 2015 Board Chair, Deloitte Tohmatsu Group Nov 2015 Board Chair, Deloitte Touche Tohmatsu LLC Jun 2018 Chief Executive Officer, Deloitte Tohmatsu Group Jun 2022 Partner, Deloitte Touche Tohmatsu LLC Jun 2023 Director, the Company (current)
1958-02-28
Takakazu UCHIDA
Director, Audit Committee Member, Compensation Committee Member
Apr 1983 Joined Mitsui & Co., Ltd. Apr 2020 Representative Director, Senior Managing Executive Officer, Chief Financial Officer, Mitsui & Co., Ltd. Apr 2022 Director, Mitsui & Co., Ltd. Jun 2022 Advisor, Mitsui & Co., Ltd. Jun 2025 Director, the Company (current)
1960-09-24
Tomoaki KOBAYAKAWA
Director, Nominating Committee Member
Apr 1988 Joined the Company Jun 2014 General Manager, Corporate Sales Department, Customer Service Company, the Company Jun 2015 Managing Executive Officer, President, Customer Service Company, the Company Apr 2016 Representative Director, President, TEPCO Energy Partner, Incorporated May 2016 Representative Director, President, TEPCO Energy Partner, Incorporated; General Manager, Product Development Office Jun 2016 Director, the Company Jun 2017 Director, Representative Executive Officer and President, the Company; Head of Task Force for Nuclear Reform Jun 2024 Director, Representative Executive Officer and President, the Company; General Secretary, New Management Philosophy Project Headquarters; Head of Task Force for Nuclear Reform Oct 2024 Director, Representative Executive Officer and President, the Company; Head of Task Force for Nuclear Reform (current)
1963-06-29
Hiroyuki YAMAGUCHI
Director
Apr 1991 Joined the Company Jun 2017 General Manager, Accounting Office, Business Planning Unit, and Business Solutions Company, the Company Apr 2020 General Manager, Yamanashi Branch, TEPCO Power Grid, Inc. Apr 2021 Managing Executive Officer, the Company Apr 2021 Director (part-time), TEPCO Energy Partner, Incorporated (current) Apr 2021 Director (part-time), TEPCO Renewable Power, Inc. (current) Aug 2021 Managing Executive Officer, President, Business Solutions Company, the Company Oct 2021 Managing Executive Officer, the Company Apr 2022 Representative Executive Vice President, Chief Financial Officer, the Company Jun 2022 Director, Representative Executive Vice President, Chief Financial Officer, the Company Apr 2023 Director, Representative Executive Vice President, Chief Financial Officer, in charge of ESG, the Company (current)
1965-06-05
Daisuke SAKAI
Director
Apr 1994 Joined the Company Apr 2016 General Manager, Business Planning Office, TEPCO Fuel & Power, Inc. May 2018 General Manager, Business Planning Office, and General Manager, Electricity and Gas Sales Department, TEPCO Fuel & Power, Inc. Jul 2018 General Manager, Business Planning Office, TEPCO Fuel & Power, Inc. Apr 2019 Business Planning Office, TEPCO Power Grid, Inc.; seconded to TEPCO Logistics Co., Ltd. Apr 2021 General Manager, Planning Office, Business Planning Unit, the Company Apr 2022 Managing Executive Officer, in charge of Business Planning (joint) and Business Restructuring and Alliances, the Company Apr 2023 Representative Executive Vice President, in charge of Business Planning (joint), the Company Jun 2023 Director, Representative Executive Vice President, in charge of Business Planning (joint), the Company Apr 2026 Director, Representative Executive Vice President, Alliance CEO and in charge of Business Planning (joint), the Company (current)
1969-08-12
Momoko NAGASAKI
Director
Apr 1992 Joined the Company May 2016 Manager, Strategy and Marketing Group, Living Business Division, TEPCO Energy Partner, Incorporated Sep 2016 Manager, Strategy and Marketing Group, Living Business Division, and Manager, Gas Lifestyle Promotion Group, Gas Business Project Promotion Office, TEPCO Energy Partner, Incorporated Jun 2017 Seconded to TEPCO Customer Service Co., Ltd. as Representative Director, President (Living Business Division, TEPCO Energy Partner, Incorporated) Oct 2017 Seconded to TEPCO Customer Service Co., Ltd. as Representative Director, President (Service Solutions Business Division, TEPCO Energy Partner, Incorporated) Apr 2019 Managing Director, Chief Information Officer, and Head of Operations Division, TEPCO Energy Partner, Incorporated Apr 2020 Managing Executive Officer, Chief Marketing Officer, in charge of ESG, and General Manager, EV Promotion Office, the Company Apr 2020 Director (part-time), TEPCO Energy Partner, Incorporated Apr 2020 Director (part-time), TEPCO Renewable Power, Inc. Apr 2021 Managing Executive Officer, Chief Marketing Officer, in charge of ESG, and Chief Spokesperson, the Company Apr 2022 Managing Executive Officer, Chief Marketing Officer, in charge of ESG, Chief Spokesperson, and General Manager, Area Energy Innovation Business Office, the Company Apr 2023 Managing Executive Officer, Chief Marketing Officer, and General Manager, Area Energy Innovation Business Office, the Company Apr 2023 Representative Director, President, TEPCO Energy Partner, Incorporated (current) Jun 2024 Managing Executive Officer, Chief Marketing Officer, the Company Jun 2025 Director, Executive Vice President, Chief Marketing Officer, and Chief Spokesperson, the Company (current)
1969-12-08
Eiyo YOSHINO
Director, Nominating Committee Member
Apr 1992 Joined the Ministry of International Trade and Industry (now Ministry of Economy, Trade and Industry) Jun 2012 Executive Officer, Nuclear Damage Compensation and Decommissioning Facilitation Corporation (formerly Nuclear Damage Liability Facilitation Fund) Jul 2017 Counselor, Minister's Secretariat, Ministry of Economy, Trade and Industry Jul 2018 Director, Policy Division, Electricity and Gas Industry Department, Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry Jun 2020 Director, Liaison and Coordination Office, Nuclear Damage Compensation and Decommissioning Facilitation Corporation (current) Jun 2020 Executive Officer, Assistant to President, in charge of Business Planning (joint), the Company Jun 2021 Director, Assistant to Chairman and President, in charge of Business Planning (joint), the Company (current)
1968-10-16
Seiji MORIYA
Director, Chair of Audit Committee
Apr 1986 Joined the Company Jun 2013 General Manager, Audit Committee Office, the Company Apr 2016 Managing Director, TEPCO Fuel & Power, Inc.; concurrently Accounting Office, Business Planning Unit, the Company Jun 2017 Representative Director, President, TEPCO Fuel & Power, Inc. Jun 2017 Director, the Company Sep 2018 Director, Representative Executive Vice President, Chief Financial Officer, and Assistant to President, the Company Apr 2019 Director, Representative Executive Vice President, Chief Financial Officer, in charge of ESG, and Assistant to President, the Company Feb 2020 Director, Representative Executive Vice President, Chief Financial Officer, in charge of ESG, Assistant to President, and General Manager, EV Promotion Office, the Company Apr 2020 Director, Representative Executive Vice President, Chief Financial Officer, and Assistant to President, the Company Apr 2022 Director, Representative Executive Vice President, Chief Risk Officer, and Assistant to President, the Company Apr 2023 Director, the Company (current)
1963-04-21
Keisuke YOKOO
Director
Apr 2007 Representative Director, President and CEO, Mizuho Securities Co., Ltd. Jun 2011 Chairman, Mizuho Securities Co., Ltd. Jun 2012 Senior Advisor, Mizuho Securities Co., Ltd. (until Mar 2018) Dec 2019 Representative Director, President and CEO, Innovation Network Corporation of Japan (current)
Hiroshi HONMA
Director
Jun 2018 Representative Director, President, NTT DATA Corporation (now NTT DATA Group Corporation) Jun 2024 Senior Advisor, NTT DATA Group Corporation (current)
Masaru NAGASAWA
Director
Apr 1990 Joined the Company Apr 2016 Deputy General Manager, Planning Office, Business Planning Unit, the Company May 2016 Managing Director, TEPCO Energy Partner, Incorporated Jun 2017 Executive Officer, General Manager, Planning Office, Business Planning Unit, the Company Apr 2019 Managing Executive Officer, the Company Apr 2021 Vice President and Director, TEPCO Renewable Power, Inc. Apr 2022 Representative Director, President, TEPCO Renewable Power, Inc. (until Jun 2025) Jun 2025 Executive Vice President, the Company (current) Jun 2025 Director, TEPCO Energy Partner, Incorporated (current)
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-29
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-05-26
株主総会招集通知
TDnet
2026-02-13
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-01-29
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-26
中期経営計画
EDINET
2025-11-14
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-08-13
Q1 Earnings Flash
FY ending Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-25
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-02-13
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-01-30
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-13
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-08-13
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-07-31
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
2023-02-10
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-11
Quarterly Securities Report
EDINET
2022-08-09
Quarterly Securities Report
EDINET
2022-06-29
Annual Securities Report
EDINET
2022-02-09
Quarterly Securities Report
EDINET
2021-11-10
Quarterly Securities Report
EDINET
2021-08-11
Quarterly Securities Report
EDINET
2021-08-04
中期経営計画
EDINET
2021-06-30
Annual Securities Report
EDINET
2021-02-12
Quarterly Securities Report
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