Announcement • Jun 26
Tohoku Electric Power Company, Incorporated to Report Q1, 2027 Results on Jul 29, 2026 Tohoku Electric Power Company, Incorporated announced that they will report Q1, 2027 results on Jul 29, 2026 Announcement • Apr 30
Tohoku Electric Power Company, Incorporated, Annual General Meeting, Jun 25, 2026 Tohoku Electric Power Company, Incorporated, Annual General Meeting, Jun 25, 2026. Announcement • Apr 22
Tohoku Electric Power Company, Incorporated to Report Fiscal Year 2026 Results on Apr 30, 2026 Tohoku Electric Power Company, Incorporated announced that they will report fiscal year 2026 results on Apr 30, 2026 Announcement • Dec 26
Tohoku Electric Power Company, Incorporated to Report Q3, 2026 Results on Jan 30, 2026 Tohoku Electric Power Company, Incorporated announced that they will report Q3, 2026 results on Jan 30, 2026 Announcement • Oct 17
Tohoku Electric Power Company, Incorporated Announces Revision of Completion Schedules for Construction of the Specialized Safety Facility and the Onsite Permanent Dc Power Supply System Tohoku Electric Power Company, Incorporated has been making every possible effort, including shortening the construction schedule, to complete the construction of the Specialized Safety Facility and the Onsite Permanent DC Power Supply System (Third system) at Onagawa Nuclear Power Station Unit 2 within the installation deadline stipulated by the relevant laws and regulations (both set for December 22, 2026). However, the Company has decided to revise the completion schedules to August 2028 and March 2028, respectively. In line with this revision, the Company has submitted a Notice of Change to Construction Plan Pertaining to the Reactor Installation Permission and other relevant documents to the Nuclear Regulation Authority. As both the SSF and the Onsite permanent DC Power Supply System (third system) require large-scale construction, the Company has been steadily proceeding with each step with safety as top priority while continuously considering and implementing measures such as design optimization and around-the-clock work shifts to achieve early completion. Under these circumstances, a review of the design and construction plan approval application has progressed and the details of the construction specifications have been finalized, so the Company has recently reviewed the schedule. As a result, the Company has determined that a revision of the completion schedules is necessary, taking into consideration external factors that are difficult to address through internal efforts alone, such as changes in the labor environment in today's construction industry. The Company remains fully committed to prioritizing safety while pursuing efficient, steady progress with construction to achieve early completion. There will be no impact on the business performance for the fiscal year ending March 31, 2026. The business performance forecast for the next fiscal year and beyond as soon as it is finalized. A Specialized Safety Facility refers to a facility designed to remotely perform functions such as depressurizing the reactor pressure vessel and cooling the reactor containment vessel. It is intended to prevent damage to the reactor containment vessel and suppress the release of radioactive materials in the event of a terrorist attack, such as a deliberate crash of a large aircraft into the reactor building, or other situations that could cause significant damage to the reactor core. A facility that supplies DC electricity to equipment necessary for responding to severe accidents in the event of a total loss of AC power. In addition to the two DC power supply systems already installed, this new facility will be installed in the reactor building to further enhance reliability. The new regulatory standards require installation within five years from the approval date of the construction plan for the installation of the main facility (December 23, 2021). Announcement • Sep 26
Tohoku Electric Power Company, Incorporated to Report Q2, 2026 Results on Oct 30, 2025 Tohoku Electric Power Company, Incorporated announced that they will report Q2, 2026 results on Oct 30, 2025 Announcement • Jun 26
Tohoku Electric Power Company, Incorporated to Report Q1, 2026 Results on Jul 31, 2025 Tohoku Electric Power Company, Incorporated announced that they will report Q1, 2026 results on Jul 31, 2025 Announcement • Apr 30
Tohoku Electric Power Company, Incorporated, Annual General Meeting, Jun 26, 2025 Tohoku Electric Power Company, Incorporated, Annual General Meeting, Jun 26, 2025. Announcement • Mar 27
Tohoku Electric Power Company, Incorporated to Report Fiscal Year 2025 Results on Apr 30, 2025 Tohoku Electric Power Company, Incorporated announced that they will report fiscal year 2025 results on Apr 30, 2025 Announcement • Jan 03
Tohoku Electric Power Company, Incorporated to Report Q3, 2025 Results on Jan 31, 2025 Tohoku Electric Power Company, Incorporated announced that they will report Q3, 2025 results on Jan 31, 2025 Declared Dividend • Dec 30
First half dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 28th March 2025 Payment date: 27th June 2025 Dividend yield will be 214%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (7% earnings payout ratio) and cash flows (45% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 15% over the next 3 years. However, it would need to fall by 92% to increase the payout ratio to a potentially unsustainable range. Valuation Update With 7 Day Price Move • Nov 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €7.50, the stock trades at a forward P/E ratio of 5x. Average forward P/E is 13x in the Electric Utilities industry in Europe. Total returns to shareholders of 41% over the past three years. Reported Earnings • Nov 02
Second quarter 2025 earnings released: EPS: JP¥90.90 (vs JP¥152 in 2Q 2024) Second quarter 2025 results: EPS: JP¥90.90 (down from JP¥152 in 2Q 2024). Revenue: JP¥697.0b (down 7.6% from 2Q 2024). Net income: JP¥45.5b (down 40% from 2Q 2024). Profit margin: 6.5% (down from 10% in 2Q 2024). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 1.4% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.8%. Over the last 3 years on average, earnings per share has increased by 81% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • Sep 28
Tohoku Electric Power Company, Incorporated to Report Q2, 2025 Results on Oct 31, 2024 Tohoku Electric Power Company, Incorporated announced that they will report Q2, 2025 results on Oct 31, 2024 Upcoming Dividend • Sep 20
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 27 September 2024. Payment date: 02 December 2024. Payout ratio is a comfortable 3.6% and this is well supported by cash flows. Trailing yield: 2.2%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.3%). Reported Earnings • Aug 02
First quarter 2025 earnings released: EPS: JP¥121 (vs JP¥158 in 1Q 2024) First quarter 2025 results: EPS: JP¥121 (down from JP¥158 in 1Q 2024). Revenue: JP¥614.6b (down 3.0% from 1Q 2024). Net income: JP¥60.6b (down 24% from 1Q 2024). Profit margin: 9.9% (down from 13% in 1Q 2024). Revenue is expected to decline by 1.6% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to grow by 1.8%. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 6% per year, which means it is significantly lagging earnings growth. Declared Dividend • Jul 11
Final dividend of JP¥15.00 announced Shareholders will receive a dividend of JP¥15.00. Ex-date: 27th September 2024 Payment date: 2nd December 2024 Dividend yield will be 186%, which is higher than the industry average of 4.3%. Sustainability & Growth Dividend is well covered by both earnings (0.8358% earnings payout ratio) and cash flows (16% cash payout ratio). The dividend has increased by an average of 20% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to decline by 26% over the next 3 years. However, it would need to fall by 99% to increase the payout ratio to a potentially unsustainable range. Announcement • Jul 07
Tohoku Electric Power Company, Incorporated to Report Q1, 2025 Results on Jul 31, 2024 Tohoku Electric Power Company, Incorporated announced that they will report Q1, 2025 results on Jul 31, 2024 Valuation Update With 7 Day Price Move • May 29
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to €8.85, the stock trades at a forward P/E ratio of 7x. Average forward P/E is 12x in the Electric Utilities industry in Europe. Total returns to shareholders of 36% over the past three years. Reported Earnings • May 01
Full year 2024 earnings released: EPS: JP¥452 (vs JP¥255 loss in FY 2023) Full year 2024 results: EPS: JP¥452 (up from JP¥255 loss in FY 2023). Revenue: JP¥2.82t (down 6.3% from FY 2023). Net income: JP¥226.1b (up JP¥353.7b from FY 2023). Profit margin: 8.0% (up from net loss in FY 2023). The move to profitability was driven by lower expenses. Revenue is forecast to decline by 3.5% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 49% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. Announcement • Mar 27
Tohoku Electric Power Company, Incorporated to Report Fiscal Year 2024 Results on Apr 30, 2024 Tohoku Electric Power Company, Incorporated announced that they will report fiscal year 2024 results on Apr 30, 2024 Reported Earnings • Feb 02
Third quarter 2024 earnings released: EPS: JP¥81.80 (vs JP¥188 loss in 3Q 2023) Third quarter 2024 results: EPS: JP¥81.80 (up from JP¥188 loss in 3Q 2023). Revenue: JP¥668.5b (down 16% from 3Q 2023). Net income: JP¥40.9b (up JP¥134.9b from 3Q 2023). Profit margin: 6.1% (up from net loss in 3Q 2023). The move to profitability was driven by lower expenses. Revenue is expected to fall by 4.4% p.a. on average during the next 3 years compared to a 3.0% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 13% per year but the company’s share price has fallen by 7% per year, which means it is significantly lagging earnings. Announcement • Feb 01
Tohoku Electric Power Company, Incorporated Provides Consolidated Earnings Guidance for the Year Ending March 31, 2024 Tohoku Electric Power Company, Incorporated provided consolidated earnings guidance for the year ending March 31, 2024. For the year, the company expects operating revenue to be JPY 2,830,000 million. Operating income to be JPY 310,000 million. Net income attributable to owners of parent to be JPY 200,000 million. Basic net income per share to be JPY 399.92. Announcement • Dec 29
Tohoku Electric Power Company, Incorporated to Report Q3, 2024 Results on Jan 31, 2024 Tohoku Electric Power Company, Incorporated announced that they will report Q3, 2024 results on Jan 31, 2024 Announcement • Sep 07
Tohoku Electric Power Company, Incorporated to Report Q2, 2024 Results on Oct 31, 2023 Tohoku Electric Power Company, Incorporated announced that they will report Q2, 2024 results on Oct 31, 2023 New Risk • Aug 02
New major risk - Dividend sustainability The dividend is not well covered by earnings and cash flows. The company is paying a dividend despite being loss-making. The company is paying a dividend despite having no free cash flows. Dividend yield: 1.5% This is considered a major risk. Companies that pay out too much of their earnings and cash flows are at risk of having to reduce or cut their dividend in future. If earnings or cash flows stagnate or fall, then there may not be enough to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Dividend is not well covered by earnings and cash flows. Paying a dividend despite being loss-making. Paying a dividend despite having no free cash flows. Reported Earnings • Aug 01
First quarter 2024 earnings released: EPS: JP¥158 (vs JP¥62.50 loss in 1Q 2023) First quarter 2024 results: EPS: JP¥158 (up from JP¥62.50 loss in 1Q 2023). Revenue: JP¥633.6b (up 14% from 1Q 2023). Net income: JP¥79.2b (up JP¥110.4b from 1Q 2023). Profit margin: 13% (up from net loss in 1Q 2023). The move to profitability was primarily driven by higher revenue. Revenue is expected to fall by 1.0% p.a. on average during the next 3 years compared to a 3.8% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 91 percentage points per year, which is a significant difference in performance. Announcement • Jul 08
Tohoku Electric Power Company, Incorporated to Report Q1, 2024 Results on Jul 31, 2023 Tohoku Electric Power Company, Incorporated announced that they will report Q1, 2024 results on Jul 31, 2023 Reported Earnings • Apr 30
Full year 2023 earnings released: JP¥255 loss per share (vs JP¥217 loss in FY 2022) Full year 2023 results: JP¥255 loss per share (further deteriorated from JP¥217 loss in FY 2022). Revenue: JP¥3.01t (up 43% from FY 2022). Net loss: JP¥127.6b (loss widened 18% from FY 2022). Revenue is expected to fall by 4.6% p.a. on average during the next 3 years compared to a 4.6% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 99 percentage points per year, which is a significant difference in performance. Reported Earnings • Feb 02
Third quarter 2023 earnings released: JP¥188 loss per share (vs JP¥63.60 loss in 3Q 2022) Third quarter 2023 results: JP¥188 loss per share (further deteriorated from JP¥63.60 loss in 3Q 2022). Revenue: JP¥792.7b (up 51% from 3Q 2022). Net loss: JP¥94.0b (loss widened 196% from 3Q 2022). Revenue is forecast to stay flat during the next 3 years, in line with the revenue forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 109 percentage points per year, which is a significant difference in performance. Announcement • Feb 01
Tohoku Electric Power Company, Incorporated Provides Consolidated Earnings Forecasts for the Year Ending March 31, 2023 Tohoku Electric Power Company, Incorporated provided consolidated earnings forecasts for the Year ending March 31, 2023. For the year, company expects Operating revenue to be JPY 3,080,000 million, Operating loss to be JPY 220,000 million, Net loss attributable to owners of parent to be JPY 220,000 million and Net loss per share to be JPY 439.99. Announcement • Dec 11
Tohoku Electric Power Company, Incorporated to Report Q3, 2023 Results on Jan 31, 2023 Tohoku Electric Power Company, Incorporated announced that they will report Q3, 2023 results on Jan 31, 2023 Reported Earnings • Oct 30
Second quarter 2023 earnings released: JP¥210 loss per share (vs JP¥48.73 profit in 2Q 2022) Second quarter 2023 results: JP¥210 loss per share (down from JP¥48.73 profit in 2Q 2022). Revenue: JP¥781.4b (up 65% from 2Q 2022). Net loss: JP¥105.1b (down JP¥129.5b from profit in 2Q 2022). Revenue is forecast to decline by 1.1% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 98 percentage points per year, which is a significant difference in performance. Announcement • Oct 29
Tohoku Electric Power Company, Incorporated Provides Consolidated Earnings Forecasts for the Year Ending March 31, 2023 Tohoku Electric Power Company, Incorporated provided consolidated earnings forecasts for the Year ending March 31, 2023. For the year, company expects Operating revenue to be JPY 2,740,000 million, Operating loss to be JPY 180,000 million, Net loss attributable to owners of parent to be JPY 180,000 million and Net loss per share to be JPY 360.01. Announcement • Sep 15
Tohoku Electric Power Company, Incorporated to Report Q2, 2023 Results on Oct 28, 2022 Tohoku Electric Power Company, Incorporated announced that they will report Q2, 2023 results on Oct 28, 2022 Reported Earnings • Jul 31
First quarter 2023 earnings released: JP¥62.50 loss per share (vs JP¥19.71 profit in 1Q 2022) First quarter 2023 results: JP¥62.50 loss per share (down from JP¥19.71 profit in 1Q 2022). Revenue: JP¥558.3b (up 39% from 1Q 2022). Net loss: JP¥31.2b (down 417% from profit in 1Q 2022). Over the next year, revenue is forecast to grow 8.9% while the industry in Germany is not expected to grow. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 85 percentage points per year, which is a significant difference in performance. Announcement • Jul 30
Tohoku Electric Power Company, Incorporated Provides Earnings Guidance for the Year Ending March 31, 2023 Tohoku Electric Power Company, Incorporated provides earnings guidance for the year ending March 31, 2023. For the year, company expects Operating revenue to be JPY 2,740,000 million, Operating income to be JPY (180,000) million, Net income attributable to owners of parent to be JPY (180,000) million and Net income per share to be JPY (360.01). Announcement • Jul 15
Tohoku Electric Power Company, Incorporated to Report Q1, 2023 Results on Jul 29, 2022 Tohoku Electric Power Company, Incorporated announced that they will report Q1, 2023 results on Jul 29, 2022 Announcement • May 02
Tohoku Electric Power Company, Incorporated, Annual General Meeting, Jun 28, 2022 Tohoku Electric Power Company, Incorporated, Annual General Meeting, Jun 28, 2022. Reported Earnings • Apr 30
Full year 2022 earnings released: JP¥217 loss per share (vs JP¥58.81 profit in FY 2021) Full year 2022 results: JP¥217 loss per share (down from JP¥58.81 profit in FY 2021). Revenue: JP¥2.10t (down 8.0% from FY 2021). Net loss: JP¥108.4b (down 469% from profit in FY 2021). Over the next year, revenue is forecast to grow 5.0%, compared to a 4.8% growth forecast for the industry in Germany. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 54 percentage points per year, which is a significant difference in performance. Announcement • Apr 08
Tohoku Electric Power Company, Incorporated to Report Fiscal Year 2022 Results on Apr 28, 2022 Tohoku Electric Power Company, Incorporated announced that they will report fiscal year 2022 results on Apr 28, 2022 Upcoming Dividend • Mar 23
Upcoming dividend of JP¥15.00 per share Eligible shareholders must have bought the stock before 30 March 2022. Payment date: 28 June 2022. The company is not currently making a profit and is not cash flow positive. Trailing yield: 5.3%. Within top quartile of German dividend payers (3.6%). Higher than average of industry peers (4.2%). Announcement • Feb 25
Tohoku Electric Power Company, Incorporated Provides Dividend Forecast for the Year Ending March 31, 2022 Tohoku Electric Power Company, Incorporated announced that it expects to pay the dividend of JPY 15 per share for the year ending March 31, 2022. Reported Earnings • Feb 02
Third quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat Third quarter 2022 results: JP¥63.60 loss per share (down from JP¥10.98 loss in 3Q 2021). Revenue: JP¥525.8b (up 4.5% from 3Q 2021). Net loss: JP¥31.8b (loss widened 479% from 3Q 2021). Revenue exceeded analyst estimates by 7.8%. Over the next year, revenue is expected to shrink by 8.9% compared to a 9.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has fallen by 35% per year but the company’s share price has only fallen by 21% per year, which means it has not declined as severely as earnings. Announcement • Feb 01
Tohoku Electric Power Company, Incorporated Provides Consolidated Earnings Guidance for the Full Year Ending March 31, 2022 Tohoku Electric Power Company, Incorporated provided consolidated earnings guidance for the full year ending March 31, 2022. For the period, the company expects operating revenue of JPY 1,980,000 million, operating loss to be JPY 28,000 million, net loss attributable to owners of parent of JPY 45,000 million and net loss per basic share of JPY 90.04. Reported Earnings • Oct 29
Second quarter 2022 earnings released: EPS JP¥48.73 (vs JP¥56.39 in 2Q 2021) The company reported a poor second quarter result with weaker earnings, revenues and profit margins. Second quarter 2022 results: Revenue: JP¥472.5b (down 8.9% from 2Q 2021). Net income: JP¥24.4b (down 14% from 2Q 2021). Profit margin: 5.2% (down from 5.4% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 14% per year whereas the company’s share price has fallen by 19% per year. Upcoming Dividend • Sep 22
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 29 September 2021. Payment date: 30 November 2021. Trailing yield: 4.7%. Within top quartile of German dividend payers (3.2%). Higher than average of industry peers (3.9%). Reported Earnings • Aug 02
First quarter 2022 earnings released: EPS JP¥19.71 (vs JP¥55.91 in 1Q 2021) The company reported a poor first quarter result with weaker earnings, revenues and profit margins. First quarter 2022 results: Revenue: JP¥400.6b (down 23% from 1Q 2021). Net income: JP¥9.85b (down 65% from 1Q 2021). Profit margin: 2.5% (down from 5.4% in 1Q 2021). Reported Earnings • Apr 30
Full year 2021 earnings released: EPS JP¥58.81 (vs JP¥126 in FY 2020) The company reported a soft full year result with weaker earnings and profit margins, although revenues improved. Full year 2021 results: Revenue: JP¥2.29t (up 1.8% from FY 2020). Net income: JP¥29.4b (down 53% from FY 2020). Profit margin: 1.3% (down from 2.8% in FY 2020). The decrease in margin was driven by higher expenses. Upcoming Dividend • Mar 24
Upcoming dividend of JP¥20.00 per share Eligible shareholders must have bought the stock before 30 March 2021. Payment date: 26 June 2021. Trailing yield: 3.6%. Within top quartile of German dividend payers (3.3%). In line with average of industry peers (3.6%). Announcement • Mar 09
HomeServe Japan Corporation Signs Utility Partnership with Tohoku Electric Power HomeServe Japan Corporation has signed a utility partnership with Tohoku Electric Power, its second in the country, and begun test marketing to homeowners. Two products are being marketed under the relationship – combined electrical wiring and air-conditioning cover; and comprehensive plumbing cover. As in HomeServe’s other geographies, these products are designed to meet the needs of homeowners who wish to avoid the unplanned cost and inconvenience of an unexpected home repair. Tohoku Electric Power has signed up to an exclusive, long term affinity partnership with HomeServe Japan, and will earn a commission on every sale and renewal among its customer base – the successful Membership model which HomeServe operates in its established territories. HomeServe Japan is responsible for marketing and service to homeowners, with its network of local providers fulfilling the claims. Products are fully underwritten by a local insurance provider. Is New 90 Day High Low • Mar 05
New 90-day high: €7.80 The company is up 15% from its price of €6.80 on 04 December 2020. The German market is up 8.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Electric Utilities industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €11.89 per share. Is New 90 Day High Low • Feb 10
New 90-day high: €7.60 The company is up 1.0% from its price of €7.55 on 11 November 2020. The German market is up 10.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.84 per share. Reported Earnings • Feb 07
Third quarter 2021 earnings released: JP¥10.98 loss per share (vs JP¥9.55 profit in 3Q 2020) The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥503.4b (down 3.7% from 3Q 2020). Net loss: JP¥5.49b (down 215% from profit in 3Q 2020). Analyst Estimate Surprise Post Earnings • Feb 07
Revenue beats expectations Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is expected to shrink by 1.9% compared to a 14% growth forecast for the Electric Utilities industry in Germany. Announcement • Jan 29
Nippon Concrete Industries Co., Ltd. (TSE:5269) agreed to acquire an additional 57.8% stake in Tohoku Pole Co., Ltd. from Tohoku Electric Power Company, Incorporated (TSE:9506) and HNK Co., Inc. Nippon Concrete Industries Co., Ltd. (TSE:5269) agreed to acquire an additional 57.8% stake in Tohoku Pole Co., Ltd. from Tohoku Electric Power Company, Incorporated (TSE:9506) and HNK Co., Inc. on January 28, 2021. Under the terms, Nippon will acquire 0.28 million shares and increase its stake post completion to 64.3%. For the year ended March 2020, Tohoku Pole had net assets worth ¥6.8 billion, total assets worth ¥9.8 billion, sales of ¥10.4 billion, operating income of ¥258 million and net income of ¥176 million. Nippon Concrete's passed a resolution on acquisition on January 28, 2021. Transfer agreement is expected to be signed on February 5, 2021 and completion is expected on July 30, 2021. This matter will not affect the consolidated financial results of Nippon Concrete for the current fiscal year. Reported Earnings • Jan 28
Third quarter 2021 earnings released The company reported a poor third quarter result with weaker earnings, revenues and control over costs. Third quarter 2021 results: Revenue: JP¥503.4b (down 3.7% from 3Q 2020). Net loss: JP¥5.49b (down 215% from profit in 3Q 2020). Analyst Estimate Surprise Post Earnings • Jan 28
Revenue beats expectations Revenue exceeded analyst estimates by 3.6%. Over the next year, revenue is expected to shrink by 1.9% compared to a 14% growth forecast for the Electric Utilities industry in Germany. Announcement • Dec 29
Tohoku Electric Power Company, Incorporated to Report Q3, 2021 Results on Jan 27, 2021 Tohoku Electric Power Company, Incorporated announced that they will report Q3, 2021 results on Jan 27, 2021 Is New 90 Day High Low • Dec 11
New 90-day low: €6.60 The company is down 21% from its price of €8.40 on 11 September 2020. The German market is up 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 12% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €14.99 per share. Is New 90 Day High Low • Nov 26
New 90-day low: €7.30 The company is down 12% from its price of €8.30 on 27 August 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 9.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €9.66 per share. Reported Earnings • Nov 11
Second quarter 2021 earnings released: EPS JP¥56.39 The company reported a decent second quarter result with improved earnings and profit margins, although revenues were weaker. Second quarter 2021 results: Revenue: JP¥518.8b (down 12% from 2Q 2020). Net income: JP¥28.2b (up 42% from 2Q 2020). Profit margin: 5.4% (up from 3.4% in 2Q 2020). The increase in margin was driven by lower expenses. Reported Earnings • Oct 30
First half earnings released Over the last 12 months the company has reported total profits of JP¥74.5b, up 22% from the prior year. Total revenue was JP¥2.16t over the last 12 months, down 7.1% from the prior year. Announcement • Oct 10
Tohoku Electric Power Company, Incorporated to Report Q2, 2021 Results on Oct 28, 2020 Tohoku Electric Power Company, Incorporated announced that they will report Q2, 2021 results on Oct 28, 2020 Is New 90 Day High Low • Oct 08
New 90-day low: €7.80 The company is down 5.0% from its price of €8.20 on 10 July 2020. The German market is up 3.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electric Utilities industry, which is up 3.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €10.46 per share. Announcement • Jul 05
Tohoku Electric Power Company, Incorporated to Report Q1, 2021 Results on Jul 30, 2020 Tohoku Electric Power Company, Incorporated announced that they will report Q1, 2021 results on Jul 30, 2020