Tokyo Denryoku Holdings KK

9501

Equity

ISIN JP3585800000 / Valor 763640

Tokyo Stock Exchange (2024-12-25)

JPY 460.00-0.61%

Tokyo Denryoku Holdings KK
UMushroom community rating:

0.00 0 votes No rating yet

NegativeNeutralPositive

About company

Tokyo Denryoku Holdings KK, commonly known as TEPCO, is a leading energy company based in Japan, primarily engaged in the generation, transmission, and distribution of electricity. With a focus on diversifying its energy sources, TEPCO actively seeks to enhance its energy mix by incorporating oil, nuclear, liquefied natural gas (LNG), and coal to ensure the stable and economic delivery of electricity. The company is also deeply involved in research and development (R&D) efforts aimed at improving safety measures, increasing operational efficiency, and developing new technologies to meet the evolving demands of the energy market. As part of its strategic initiatives, TEPCO is committed to expanding its business footprint globally, seeking procurement opportunities with both domestic and international manufacturers to secure economical and high-quality materials and services. This global expansion strategy is aligned with the company's goal to build strong trade relationships and explore new business opportunities abroad, especially in the context of the liberalization of electricity markets. Through leveraging its advanced technological capabilities and managerial expertise, TEPCO aims to play a pivotal role in the global energy sector while ensuring the provision of reliable and environmentally friendly electricity services.

Summarized from source with an LLMView SourceSector: Energy

Operating Revenue

In the fourth quarter of FY2023, Tokyo Denryoku Holdings KK reported an operating revenue of ¥6,918.3 billion, a decrease from ¥8,112.2 billion in the same period of the previous year. This decline was primarily attributed to falling fuel and market prices, which affected revenue at both PG and EP segments.

Net Income

Tokyo Denryoku Holdings KK saw a significant improvement in net income for Q4 FY2023, reporting ¥267.8 billion compared to a loss of ¥123.6 billion in Q4 FY2022. This increase was mainly due to the advantageous impact of the time-lag inherent to the fuel cost adjustment system.

Electricity Sales Volume

The total electricity sales volume for Tokyo Denryoku Holdings KK in Q4 FY2023 was 228.7 billion kWh, down from 242.8 billion kWh in Q4 FY2022. Retail electricity sales volume increased by 11.4 billion kWh, while wholesale electricity sales volume decreased by 25.4 billion kWh.

Extraordinary Income/Loss

For Q4 FY2023, Tokyo Denryoku Holdings KK reported an extraordinary loss of ¥123.1 billion, a significant change from the extraordinary income of ¥163.9 billion in Q4 FY2022. This was largely due to increased expenses for nuclear damage compensation and disaster-related costs.

Dividends and Outlook

Tokyo Denryoku Holdings KK announced that there would be no year-end dividends for FY2023 and also forecasted no midterm or year-end dividends for FY2024. The performance forecast for FY2024 is yet to be determined.

Summarized from source with an LLMView Source

Key figures

-36.8%1Y

54.9%3Y

-1.29%5Y

Performance

52.4%1Y

45.6%3Y

43.0%5Y

Volatility