Overview
Electric Power and Gas

Shikoku Electric Power Company,Incorporated

Shikoku Electric Power (Yonden) is the integrated electric utility serving the Shikoku region of Japan, engaged in the generation, transmission, distribution, and retail supply of electricity. The company operates a diverse generation portfolio including thermal, nuclear (Ikata Nuclear Power Station), and renewable energy sources, alongside subsidiaries active in information & telecommunications, energy, construction & engineering, and real estate. Its transmission and distribution network is operated through a legally unbundled subsidiary, Shikoku Electric Power Transmission & Distribution Co., Inc., in compliance with Japan's electricity market liberalization requirements.

Market Cap
¥433B
US$2.76B
EV
¥1,271B
US$8.11B
Stock¥2,116.5▼-0.75%
US$1 = ¥156.80 (2026-10-23)
LTM EV/EBITDA
9.9
x
LTM EV/EBIT
18.5
x
LTM PER
7.8
x
LTM PBR
0.9
x
Stock vs TOPIX (1Y, base=100)vs TOPIX ▲+31.2%pt
100
Oct 24, 25 – Oct 23, 26StockTOPIX
MC → EV Bridge
433BUS$2.76BMarket Cap949BUS$6.05B+ Debt52.0BUS$331M− Cash61.4BUS$391M− Inv. Sec.3.01BUS$19.2M+ NCI1,271BUS$8.11BEV
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Performance & Balance
Revenue 5Y (¥B)
642US$4.09B'22/3833US$5.31B'23/3787US$5.02B'24/3851US$5.43B'25/3762US$4.86B'26/3
EBITDA 5Y (¥B)
49.2US$314M'22/340.2US$256M'23/3137US$877M'24/3148US$945M'25/3127US$812M'26/3
Net Income 5Y (¥B)
-6.26-US$39.9M'22/3-22.9-US$146M'23/360.5US$386M'24/368.3US$436M'25/350.8US$324M'26/3
Capital Structure
34%
66%
EquityD/E 1.94xDebt
Liquidity vs Debt 5Y (¥B)▼ Net Debt
CashInv. Sec.Debt
126US$802M732US$4.67B'22/3166US$1.06B964US$6.15B'23/3174US$1.11B933US$5.95B'24/3182US$1.16B916US$5.84B'25/3140US$893M945US$6.02B'26/3
Shareholders
Top 10 hold 42.0%
1
The Master Trust Bank of Japan, Ltd. (Trust Account)
12.21%
2
IYOTETSU Group Co., Ltd.
8.72%
3
Custody Bank of Japan, Ltd. (Trust Account)
4.38%
4
Sumitomo Kyodo Electric Power Co., Ltd.
3.43%
5
Kochi Prefecture
3.03%
6
The Iyo Bank, Ltd.
2.15%
7
The Hyakujushi Bank,Ltd.
2.15%
8
Nippon Life Insurance Company
2.06%
9
Meiji Yasuda Life Insurance Company
1.95%
10
Shikoku Electric Power Company,Incorporated Employee Stock Ownership Association
1.93%
Management
10 officers
Keisuke NAGAI
Representative Director, Chairman
Apr 1981 Joined Shikoku Electric Power Co., Inc. Jun 2013 Managing Executive Officer, General Manager, Corporate Planning Department, Corporate Planning Office, Shikoku Electric Power Jun 2015 Managing Director, Head of Corporate Planning Office, Shikoku Electric Power Jun 2017 Executive Vice President, Head of Corporate Planning Office; in charge of Information and Telecommunications Department, Shikoku Electric Power Apr 2018 Executive Vice President, Head of Corporate Planning Office; in charge of Renewable Energy Department, Power Supply and Demand Management Department and Information Systems Department, Shikoku Electric Power Jun 2019 Representative Director, President and Executive Officer, Shikoku Electric Power Jun 2024 Representative Director, Chairman, Shikoku Electric Power (current) Jun 2026 Director, Shikoku Railway Company (current)
1957-02-11
Yoshihiro MIYAMOTO
Representative Director, President and Executive Officer
Apr 1985 Joined Shikoku Electric Power Co., Inc. Jun 2019 Managing Executive Officer, General Manager, Corporate Planning Department, Corporate Planning Office, Shikoku Electric Power Jun 2021 Director, Managing Executive Officer, Head of Corporate Planning Office; in charge of Renewable Energy Department and Public Relations Department, Shikoku Electric Power Jun 2024 Representative Director, President and Executive Officer, Shikoku Electric Power (current)
1963-01-06
Noriyuki KAWANISHI
Representative Director, Executive Vice President and Executive Officer; General Manager, Nuclear Power Division; in charge of Civil Engineering and Architecture Department
Apr 1983 Joined Shikoku Electric Power Co., Inc. Jun 2022 Managing Executive Officer, Deputy General Manager, Nuclear Power Division, and General Manager, Nuclear Power Department, Shikoku Electric Power Jun 2023 Director, Executive Vice President and Executive Officer; General Manager, Nuclear Power Division; in charge of Civil Engineering and Architecture Department, Shikoku Electric Power (current)
1960-11-15
Seiji MIYAZAKI
Representative Director, Executive Vice President and Executive Officer; General Manager, Corporate Planning Office; in charge of Information Systems Department
Apr 1983 Joined Shikoku Electric Power Co., Inc. Jun 2019 Managing Executive Officer, Deputy General Manager, Sales Promotion Division, Shikoku Electric Power Jun 2022 Director, Managing Executive Officer, General Manager, Sales Promotion Division, Shikoku Electric Power Jun 2023 Director, Managing Executive Officer, General Manager, Sales Promotion Division; in charge of Tokyo Branch, Shikoku Electric Power Jun 2024 Director, Managing Executive Officer, General Manager, Corporate Planning Office; in charge of Renewable Energy Department and Public Relations Department, Shikoku Electric Power Jun 2024 Director, STNet Co., Ltd. (scheduled to step down Jun 2026) Jun 2026 Director, Executive Vice President and Executive Officer, General Manager, Corporate Planning Office; in charge of Information Systems Department, Shikoku Electric Power (current)
1960-06-26
Kazuhiko ENBAI
Director, Audit and Supervisory Committee Member; Chairman of the Audit and Supervisory Committee (Full-time)
Apr 1985 Joined Shikoku Electric Power Co., Inc. Jun 2022 Special Officer for Audit and Supervisory Matters, Shikoku Electric Power Jun 2022 Auditor, Yonden Business Co., Ltd. (current) Jun 2022 Auditor, Shikoku Keisoku Kogyo Co., Ltd. (current) Jun 2025 Director, Audit and Supervisory Committee Member; Chairman of the Audit and Supervisory Committee, Shikoku Electric Power (current) Jun 2025 Auditor, Shikoku Electric Power Transmission & Distribution Co., Inc. (current) Jun 2025 Director, Audit and Supervisory Committee Member, Yondenko Corporation (current)
1961-06-21
Ryohei KAGAWA
Director, Audit and Supervisory Committee Member
Apr 2016 Managing Executive Officer, The Hyakujushi Bank, Ltd. Apr 2019 Managing Executive Officer and Chief Creative Officer (CCO), The Hyakujushi Bank, Ltd. Jun 2019 Director, Audit and Supervisory Committee Member, Shikoku Electric Power (current) Apr 2021 Deputy President and CCO, The Hyakujushi Bank, Ltd. Mar 2024 Director, The Hyakujushi Bank, Ltd. (retired Jun 2024) Jun 2024 President, Director, Nihonbashi Fudosan Co., Ltd. (current)
1958-11-21
Fujiko TAKAHATA
Director, Audit and Supervisory Committee Member
Sep 2007 Managing Director, Tokiwa Co., Ltd. Sep 2015 President, Director, Tokiwa Co., Ltd. (current) Jun 2020 Director, Audit and Supervisory Committee Member, Shikoku Electric Power (current)
1955-09-20
Iwao OTSUKA
Director, Audit and Supervisory Committee Member
Jun 2011 Managing Director, The Iyo Bank, Ltd. Jun 2012 Director, President, The Iyo Bank, Ltd. Jun 2019 Auditor, Shikoku Railway Company (current) Apr 2020 Chairman, Director, The Iyo Bank, Ltd. Jun 2021 Director, Audit and Supervisory Committee Member, Shikoku Electric Power (current) Oct 2022 Chairman, Director, Iyogin Holdings, Inc. (retired Jun 2025) Jun 2025 Senior Advisor, The Iyo Bank, Ltd. (current)
1952-04-07
Shoichi NISHIYAMA
Director, Audit and Supervisory Committee Member
Jun 1994 Managing Director, Uji Denka Kogyo Co., Ltd. Jan 1999 President, Director, Uji Denka Kogyo Co., Ltd. Jun 2021 Director, Audit and Supervisory Committee Member, Shikoku Electric Power (current) Feb 2023 Chairman, Director, Uji Denka Kogyo Co., Ltd. (current)
1955-01-06
Yachiyo IZUMITANI
Director, Audit and Supervisory Committee Member
Jun 2011 Director-General, Nara Broadcasting Station, Japan Broadcasting Corporation (NHK) Jun 2013 Director, Work-Life Balance Promotion Office, Personnel Bureau, NHK Jun 2015 Director-General, Matsuyama Broadcasting Station, NHK Jun 2017 Director, Announcers Office, NHK Jun 2018 Director, Head of Course Promotion Division, NHK Culture Center Co., Ltd. Jun 2019 President, Director, NHK Culture Center Co., Ltd. (retired Apr 2021) Jun 2021 Director, Audit and Supervisory Committee Member, Shikoku Electric Power (current) Jun 2026 Auditor, Honshu-Shikoku Bridge Expressway Co., Ltd. (scheduled to assume office Jun 2026)
1958-09-09
Large Shareholding Reports
Iyotetsu Group Co., Ltd.
2026-10-09
12.34%→13.43%
Annual report (as of 2026-03-31): 8.72%
Iyotetsu Group Co., Ltd.
2026-09-18
11.24%→12.34%
Annual report (as of 2026-03-31): 8.72%
Iyotetsu Group Co., Ltd.
2026-09-04
10.17%→11.24%
Annual report (as of 2026-03-31): 8.72%
Iyotetsu Group Co., Ltd.
2026-08-17
9.16%→10.17%
Annual report (as of 2026-03-31): 8.72%
Iyotetsu Group Co., Ltd.
2026-07-21
8.14%→9.16%
Annual report (as of 2026-03-31): 8.72%
Iyotetsu Group Co., Ltd.
2026-02-24
8.08%→8.14%
Annual report (as of 2026-03-31): 8.72%
Iyotetsu Group Co., Ltd.
2026-02-12
7.07%→8.08%
Annual report (as of 2026-03-31): 8.72%
Iyotetsu Group Co., Ltd.
2026-01-06
6.06%→7.07%
Annual report (as of 2026-03-31): 8.72%
Iyotetsu Group Co., Ltd.
2025-11-25
5.03%→6.06%
Annual report (as of 2026-03-31): 8.72%
Nomura Asset Management Co., Ltd.
2025-11-10
4.78%
Nomura Asset Management Co., Ltd.
2025-10-21
5.78%→4.84%
Disclosures
No disclosures
Primary Source Filings
EDINET
2026-10-09
Large Shareholding Report
EDINET
2026-09-18
Large Shareholding Report
EDINET
2026-09-04
Large Shareholding Report
EDINET
2026-08-17
Large Shareholding Report
TDnet
2026-08-07
Q1 Earnings Flash
FY ending Mar 2027
TDnet
2026-07-31
Q1 Earnings Flash
FY ending Mar 2027
EDINET
2026-07-21
Large Shareholding Report
EDINET
2026-06-24
Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2026-02-24
Large Shareholding Report
EDINET
2026-02-12
Large Shareholding Report
TDnet
2026-02-09
Q3 Earnings Flash
FY ending Mar 2026
TDnet
2026-01-30
Q3 Earnings Flash
FY ending Mar 2026
EDINET
2026-01-06
Large Shareholding Report
EDINET
2025-11-25
Large Shareholding Report
EDINET
2025-11-12
Semi-Annual Securities Report
Period: Apr 2025 – Mar 2026
EDINET
2025-11-10
Large Shareholding Report
EDINET
2025-10-21
Large Shareholding Report
TDnet
2025-08-07
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
2025-02-07
Q3 Earnings Flash
FY ending Mar 2025
TDnet
2025-01-29
Q3 Earnings Flash
FY ending Mar 2025
EDINET
2024-11-11
Semi-Annual Securities Report
Period: Apr 2024 – Sep 2024
TDnet
2024-08-09
Q1 Earnings Flash
FY ending Mar 2025
TDnet
2024-07-30
Q1 Earnings Flash
FY ending Mar 2025
EDINET
2024-06-27
Annual Securities Report
Period: Apr 2023 – Mar 2024
EDINET
2024-02-09
Quarterly Securities Report
Period: Oct 2023 – Dec 2023
EDINETAmended
2023-11-15
Amended Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-11-10
Quarterly Securities Report
Period: Jul 2023 – Sep 2023
EDINET
2023-08-10
Quarterly Securities Report
Period: Apr 2023 – Jun 2023
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