Tohoku Electric Power Company,Incorporated (9506) Stock Price

Tohoku Electric Power comprises 69 companies in total, including 41 subsidiaries and 27 affiliated companies (as of March 31, 2025). The company provides stable electricity supply using thermal power, nuclear power, and renewable energy sources. It also offers services utilizing renewable energy, retail electricity sales, and solution services.

Tohoku Electric Power's business segments are primarily divided into "Power Generation and Sales" and "Transmission and Distribution." The Power Generation and Sales segment generates and sells electricity, while the Transmission and Distribution segment provides neutral and impartial power network services. Through these operations, the company ensures stable electricity supply to the regional community.

On May 1, 2024, Yokote Yuzawa Forest Cycle Co., Ltd. was newly added to the group. On November 6, 2024, the company sold a portion of shares in Yuatec Co., Ltd. and reclassified it as an equity method affiliate. As a result, 16 consolidated subsidiaries of Yuatec were excluded from the group.

Furthermore, on March 14, 2025, Bando Energy Storage Station No. 1 was converted to an equity method affiliate. On April 1, 2025, Tohoku Electric Power Transcos Management Partner Co., Ltd. and TDG Business Support Co., Ltd. merged, with the former as the surviving company. Additionally, E-Life Partners Co., Ltd. changed its corporate name to Tohoku Electric Power E-Life Partners Co., Ltd.

Tohoku Electric Power established a medium- to long-term vision called "Yoisou next+PLUS" in April 2024 and is advancing its growth strategy based on three pillars: business development, financial foundation, and management foundation. This vision aims to respond to changing business conditions and achieve sustainable growth.

In business development, the company has defined five domains and 11 business segments centered on electricity and energy, with each business autonomously pursuing profitability and growth. The company particularly views carbon neutrality and digital transformation (DX) as growth opportunities, challenging itself to strengthen existing operations and expand into new business areas.

To strengthen its financial foundation, the company aims for early recovery of its financial base to maintain stable power supply. Specifically, it has set financial targets using consolidated ordinary profit, equity ratio, and ROIC as key metrics, with the goal of creating a virtuous cycle of profit, investment, and growth.

In strengthening its management foundation, the company is advancing sustainability-focused management and addressing key issues centered on ESG. It is placing particular emphasis on responding to carbon neutrality, fostering innovation through DX, and strengthening human capital.

From fiscal year 2025 onward, the company will transition from traditional multi-year plans to single-year plans, enabling more agile management. Through this approach, the company aims for medium- to long-term growth while working to expand profitability, make strategic investments, and strengthen its sustainable management foundation.