Overview
Electric Power and Gas

Tohoku Electric Power Company,Incorporated

Tohoku Electric Power is a vertically integrated regional electric utility serving the six Tohoku prefectures and Niigata Prefecture in Japan. The company operates across power generation (thermal, nuclear, and renewable energy), transmission and distribution through its neutral network subsidiary Tohoku Electric Power Network Co., Inc., and retail electricity and solution services. The company is expanding its renewable energy offerings and bundled energy services through subsidiaries such as Tohoku Electric Power Frontier Co., Ltd.

Market Cap
¥641B
US$4.09B
EV
¥3,610B
US$23.0B
Stock¥1,282▼-0.31%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.4
x
LTM EV/EBIT
23.0
x
LTM PER
7.7
x
LTM PBR
0.6
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▼-5.0%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
641BUS$4.09BMarket Cap3,602BUS$23.0B+ Debt498BUS$3.18B− Cash159BUS$1.02B− Inv. Sec.24.4BUS$156M+ NCI3,610BUS$23.0BEV
AI Briefing
Generating insights…
Performance & Balance
Revenue 5Y (¥B)
2,104US$13.4B'22/33,007US$19.2B'23/32,818US$18.0B'24/32,645US$16.9B'25/32,372US$15.1B'26/3
EBITDA 5Y (¥B)
154US$980M'22/313.4US$85.4M'23/3514US$3.28B'24/3486US$3.10B'25/3386US$2.46B'26/3
Net Income 5Y (¥B)
-108-US$691M'22/3-128-US$814M'23/3226US$1.44B'24/3183US$1.17B'25/385.0US$542M'26/3
Capital Structure
24%
76%
EquityD/E 3.17xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
392US$2.50B2,375US$15.1B'22/3654US$4.17B3,395US$21.7B'23/3633US$4.03B3,303US$21.1B'24/3614US$3.92B3,361US$21.4B'25/3754US$4.81B3,509US$22.4B'26/3
Shareholders
Top 10 hold 35.7%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
14.34%
2
Custody Bank of Japan, Ltd. (Trust Account)
7.46%
3
Tohoku Electric Power Company,Incorporated Employee Stock Ownership Association
3.47%
4
JPMorgan Securities Japan Co., Ltd.
2.13%
5
Nippon Life Insurance Company
1.92%
6
STATE STREET BANK AND TRUST COMPANY 505001 (Standing Proxy: Mizuho Bank, Ltd.)
1.51%
7
JP MORGAN CHASE BANK 385781 (Standing Proxy: Mizuho Bank, Ltd.)
1.37%
8
The 77 Bank,Ltd.
1.29%
9
THE BANK OF NEW YORK MELLON 140044 (Standing Proxy: Mizuho Bank, Ltd.)
1.17%
10
City of Sendai
1.04%
Management
14 officers
Kojiro HIGUCHI
Representative Director, Chairman
Apr 1981 Joined Tohoku Electric Power Company, Inc. Jun 2013 Executive Officer, General Manager, Thermal Power Department, Thermal and Nuclear Power Division Jun 2016 Managing Director, Deputy General Manager, Thermal and Nuclear Power Division Apr 2018 Director, Managing Executive Officer; Deputy Head, Power Generation and Sales Company; Deputy Head, Nuclear Power Division Jun 2019 Representative Director, Executive Vice President and Executive Officer; in charge of CSR and Compliance Promotion; Acting Head, Nuclear Power Division Apr 2020 Representative Director, President and Executive Officer Apr 2025 Representative Director, Chairman (current)
1957-10-26
Kazuhiro ISHIYAMA
Representative Director, President and Executive Officer
Apr 1985 Joined Tohoku Electric Power Company, Inc. Jun 2018 Executive Officer, General Manager, Planning Department Jun 2019 Managing Executive Officer, General Manager, Planning Department Jul 2020 Managing Executive Officer, General Manager, Group Strategy Division (Corporate) Jun 2021 Director, Managing Executive Officer; in charge of Corporate; General Manager, Group Strategy Division Apr 2022 Representative Director, Executive Vice President and Executive Officer; in charge of Corporate, IR and Sustainability Apr 2024 Representative Director, Executive Vice President and Executive Officer; in charge of Corporate and Sustainability Apr 2025 Representative Director, President and Executive Officer (current)
1960-06-07
Satoshi SUNAKODA
Representative Director, Executive Vice President and Executive Officer; Chief Financial Officer (CFO); Chief Information Security Officer (CISO); in charge of IR
Apr 1984 Joined Tohoku Electric Power Company, Inc. Jun 2016 Executive Officer, General Manager, Human Resources Department Jun 2017 Executive Officer, Manager, Iwate Branch Jun 2019 Managing Executive Officer, Deputy General Manager, Business Support Division; Deputy General Manager, Nuclear Power Division Apr 2022 Managing Executive Officer, General Manager, Business Support Division; Deputy General Manager, Nuclear Power Division Jun 2022 Director, Managing Executive Officer, General Manager, Business Support Division; Deputy General Manager, Nuclear Power Division Apr 2023 Representative Director, Executive Vice President and Executive Officer; General Manager, Business Support Division; CFO; Deputy General Manager, Nuclear Power Division Apr 2025 Representative Director, Executive Vice President and Executive Officer; CFO; CISO; Deputy General Manager, Nuclear Power Division Apr 2026 Representative Director, Executive Vice President and Executive Officer; CFO; CISO; in charge of IR (current)
1961-06-19
Sadao KANAZAWA
Representative Director, Executive Vice President and Executive Officer; in charge of Nuclear Power Site Development; General Supervisor of Technology
Apr 1983 Joined Tohoku Electric Power Company, Inc. Jun 2014 Executive Officer, Plant Manager, Higashidori Nuclear Power Station Jun 2018 Executive Officer, General Manager, Nuclear Power Department, Nuclear Power Division Apr 2021 Managing Executive Officer, Deputy General Manager, Nuclear Power Division; General Manager, Nuclear Power Department Apr 2023 Managing Executive Officer, General Manager, Nuclear Power Division; QMS Management Officer Jun 2023 Director, Managing Executive Officer, General Manager, Nuclear Power Division; QMS Management Officer Apr 2025 Representative Director, Executive Vice President and Executive Officer; in charge of Nuclear Power Site Development Apr 2026 Representative Director, Executive Vice President and Executive Officer; in charge of Nuclear Power Site Development; General Supervisor of Technology (current)
1958-11-19
Hiroki NIKAIDO
Representative Director, Executive Vice President and Executive Officer; in charge of Sustainability, Compliance Promotion, and Crisis Management; Conduct Regulation Compliance Confirmation Officer
Apr 1984 Joined Tohoku Electric Power Company, Inc. Jun 2018 Executive Officer, General Manager, General Affairs Department, Business Support Division Apr 2020 Executive Officer, Manager, Fukushima Branch Apr 2022 Senior Executive Officer, Manager, Tokyo Branch Apr 2025 Executive Vice President and Executive Officer; in charge of Sustainability, Compliance Promotion, and Crisis Management; Conduct Regulation Compliance Confirmation Officer Jun 2025 Representative Director, Executive Vice President and Executive Officer; in charge of Sustainability, Compliance Promotion, and Crisis Management; Conduct Regulation Compliance Confirmation Officer (current)
1961-06-21
Yasuo MIYATAKE
Director, Managing Executive Officer; Deputy General Manager, Nuclear Power Division
Apr 1987 Joined Tohoku Electric Power Company, Inc. Jun 2021 Executive Officer, General Manager, Renewable Energy Business Department, Power Generation and Sales Company Apr 2022 Executive Officer, General Manager, Group Strategy Division Apr 2023 Managing Executive Officer, General Manager, Group Strategy Division Apr 2025 Managing Executive Officer, Deputy General Manager, Nuclear Power Division Jun 2026 Director, Managing Executive Officer, Deputy General Manager, Nuclear Power Division (current)
1962-08-13
Mikito NAGAI
Director (Note 1)
Apr 2011 Director, Deputy President, Mizuho Corporate Bank, Ltd. (now Mizuho Bank, Ltd.) Apr 2013 Managing Director, Mizuho Corporate Bank, Ltd. Apr 2013 Retired as Managing Director, Mizuho Corporate Bank, Ltd. May 2013 Executive Vice President and Executive Officer, Shin Nippon Steel Kowa Real Estate Co., Ltd. (now Nippon Steel Kowa Real Estate Co., Ltd.) Jun 2013 Director, Vice President, Shin Nippon Steel Kowa Real Estate Co., Ltd. Jun 2014 Representative Director, President, Shin Nippon Steel Kowa Real Estate Co., Ltd. Apr 2019 Director, Advisor, Nippon Steel Kowa Real Estate Co., Ltd. Jun 2019 Advisor, Nippon Steel Kowa Real Estate Co., Ltd. Jun 2019 Outside Director, Audit and Supervisory Committee Member, Okasan Securities Group Inc. Jun 2020 Outside Director, Nippon Suisan Kaisha, Ltd. (now Nissui Corporation) Jun 2021 Retired as Advisor, Nippon Steel Kowa Real Estate Co., Ltd. Jun 2021 Director, Tohoku Electric Power Company, Inc. Aug 2021 Outside Director, OOBA Co., Ltd. (current) Jun 2024 Retired as Outside Director, Nissui Corporation Jun 2024 Retired as Outside Director, Audit and Supervisory Committee Member, Okasan Securities Group Inc. Jul 2024 Outside Director, Audit and Supervisory Committee Member, Okasan Securities Co., Ltd. (current) Mar 2025 Outside Director, Audit and Supervisory Committee Member, AUCNET INC. (current)
1955-10-28
Shuji ITO
Director (Note 1)
Jun 2006 Director, Managing Executive Officer, CMO, Marketing Group Controller, and COO of Jagariko Company, Calbee, Inc. Jun 2008 Director, Managing Executive Officer, CMO, Marketing Group Controller, Calbee, Inc. Jun 2009 Representative Director, President and COO, Calbee, Inc. Jun 2018 Representative Director, President and CEO, Calbee, Inc. Apr 2023 Director, Calbee, Inc. Jun 2023 Advisor, Calbee, Inc. Jun 2024 Director, Tohoku Electric Power Company, Inc. (current) Apr 2025 Senior Advisor, Calbee, Inc. Jun 2025 Outside Director, Yamaha Corporation (current) Mar 2026 Retired as Senior Advisor, Calbee, Inc.
1957-02-25
Michikazu MUKAIYAMA
Director (Note 1)
Jun 2016 Managing Executive Officer, in charge of Reconstruction Planning, Technology Planning, and Facilities, East Japan Railway Company Jun 2018 Managing Executive Officer, in charge of India High-Speed Railway, East Japan Railway Company Jun 2020 Retired as Managing Executive Officer, East Japan Railway Company Jun 2020 Representative Director, President, JR East Environment Access Co., Ltd. Jun 2024 Chairman of the Board, JR East Environment Access Co., Ltd. (current) Jun 2025 Director, Tohoku Electric Power Company, Inc. (current)
1958-01-31
Toru KUSAKABE
Director, Audit and Supervisory Committee Member (Full-time)
Apr 1987 Joined Tohoku Electric Power Company, Inc. Jun 2021 Executive Officer, General Manager, Human Resources Department, Business Support Division Apr 2022 Executive Officer, Manager, Fukushima Branch Apr 2025 Managing Executive Officer, in charge of Human Resources Strategy Apr 2026 Managing Executive Officer Jun 2026 Director, Audit and Supervisory Committee Member (Full-time) (current)
1964-08-17
Akiko IDE
Director, Audit and Supervisory Committee Member (Note 1)
Jun 2006 Executive Officer, General Manager, Social and Environmental Promotion Department, NTT DOCOMO, INC. (now NTT DOCOMO, Inc.) Jul 2008 Executive Officer, Manager, Chugoku Branch, NTT DOCOMO, Inc. Jun 2012 Executive Officer, General Manager, Information Security Department, NTT DOCOMO, Inc. May 2013 Representative Director, President, Radishbo-ya Co., Ltd. (now Oisix ra Daichi Inc.) Jun 2013 Executive Officer, in charge of Commerce Business Promotion, NTT DOCOMO, Inc. May 2014 Retired as Representative Director, President, Radishbo-ya Co., Ltd. Jun 2014 Retired as Executive Officer, NTT DOCOMO, Inc. Jun 2014 Full-time Audit and Supervisory Board Member, Nippon Telegraph and Telephone Corporation (now NTT Corporation) Aug 2018 Audit and Supervisory Board Member, NTT Corporation (now NTT DATA, Inc.) Jun 2020 Retired as Full-time Audit and Supervisory Board Member, Nippon Telegraph and Telephone Corporation Jun 2020 Retired as Audit and Supervisory Board Member, NTT Corporation Jun 2020 Outside Director, Sumitomo Corporation Jun 2021 Director, Audit and Supervisory Committee Member, Tohoku Electric Power Company, Inc. (current) Jun 2026 Retired as Outside Director, Sumitomo Corporation
1955-02-28
Keiko MURATA
Director, Audit and Supervisory Committee Member (Note 1)
Aug 2005 Councilor, Policy Coordinator's Office, Cabinet Office (Economic and Fiscal Policy, Overseas Analysis) Aug 2006 Councilor, Secretariat of the Science Council of Japan (International Affairs), Cabinet Office Jul 2008 Professor, Graduate School of Social Sciences, Shuto University Tokyo (now Tokyo Metropolitan University) May 2015 Assistant to the President, Shuto University Tokyo Jul 2017 Councilor, Nippon Life Insurance Company (current) Apr 2018 Professor, Graduate School of Business Administration, Shuto University Tokyo Mar 2020 Outside Director, Kuraray Co., Ltd. (current) Apr 2022 Professor Emerita, Tokyo Metropolitan University (current) Apr 2022 Professor, Graduate School of Economics, Rissho University (current) Jun 2025 Director, Audit and Supervisory Committee Member, Tohoku Electric Power Company, Inc. (current)
1962-02-25
Keiko UEHARA
Director (Note 1)
Apr 2009 Executive, Daiwa Securities Group Inc. Mar 2011 Retired as Executive, Daiwa Securities Group Inc. Apr 2011 Senior Managing Director, Daiwa Business Center Co., Ltd. Jun 2018 Outside Director, Marusan Securities Co., Ltd. (current) Mar 2020 Retired as Senior Managing Director, Daiwa Business Center Co., Ltd. Jun 2022 Director, Tohoku Electric Power Company, Inc. (current)
1960-01-07
Kazuo SATO
Director, Audit and Supervisory Committee Member (Note 1)
Jul 2020 Director, Executive Officer, Nippon Life Insurance Company Mar 2021 Director, Managing Executive Officer, Nippon Life Insurance Company Mar 2024 Director, Senior Managing Executive Officer, in charge of Corporate Strategy, Nippon Life Insurance Company Mar 2025 Director, Senior Managing Executive Officer, in charge of Asset Management, Nippon Life Insurance Company Mar 2025 Director (Part-time), Nissay Asset Management Corporation Jul 2025 Senior Managing Executive Officer, in charge of Asset Management, Nippon Life Insurance Company Mar 2026 Retired as Senior Managing Executive Officer, Nippon Life Insurance Company Mar 2026 Retired as Director (Part-time), Nissay Asset Management Corporation Apr 2026 Representative Director, President, Nissay Lease Co., Ltd. (current) Jun 2026 Director, Audit and Supervisory Committee Member, Tohoku Electric Power Company, Inc. (current)
1966-02-16
Large Shareholding Reports
No filings
Disclosures
No disclosures
Primary Source Filings
TDnet
2026-07-29
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-06-23
Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2025-11-10
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
TDnet
2025-07-31
Q1 Earnings Flash
FY ending Mar 2026
EDINET
2025-06-24
Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2025-01-31
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Mar 2025
TDnet
2024-07-31
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-26
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-04-30
中期経営計画
EDINET
2024-02-08
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINET
2023-11-09
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-08
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
EDINET
2023-06-28
Annual Securities Report
Period: Apr 2022 – Mar 2023
EDINET
2023-02-08
Quarterly Securities Report
Period: Oct 2022 – Dec 2022
EDINET
2022-11-08
Quarterly Securities Report
EDINET
2022-08-08
Quarterly Securities Report
EDINET
2022-06-28
Annual Securities Report
EDINET
2022-02-08
Quarterly Securities Report
EDINET
2021-11-08
Quarterly Securities Report
EDINET
2021-08-10
Quarterly Securities Report
EDINET
2021-06-25
Annual Securities Report
EDINET
2021-02-04
Quarterly Securities Report
EDINETAmended
2021-01-18
Amended Quarterly Securities Report
Ask AI
I have this company's financials, ownership, and management on hand. Ask me anything from an M&A perspective.
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) →