Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsofficial PublicationsSector newsTweets
The feature you requested does not exist. However, we suggest the following feature:

UPDATE2: Governor seen as opponent of reactor restart quits over sex scandal

share with twitter share with LinkedIn share with facebook
share via e-mail
0
04/18/2018 | 03:23pm CEST

Niigata Gov. Ryuichi Yoneyama, who has been seen as an opponent of reactivating one of the world's largest nuclear power plants in the central Japan prefecture, said Wednesday he will resign amid a sex scandal.

"I sincerely offer apologies for betraying the trust of many people," Yoneyama told a press conference, admitting his relationship with women, as described in a weekly magazine due out Thursday, may "look to some like prostitution."

Shukan Bunshun magazine alleged in an online teaser article Wednesday that the 50-year-old governor has been paying money to have sex with several women, including a 22-year-old college student. At a news conference Wednesday, the governor said he gave women he met online "presents and money so they would like me more."

The governor's departure will affect the approval process for the restart of nuclear reactors in the prefecture sought by Tokyo Electric Power Company Holdings Inc.

"I failed to fulfill my historic mission of squarely tackling issues related to nuclear power," the governor said.

Since being elected governor in 2016, Yoneyama has refrained from approving the restart of the No. 6 and 7 reactors at the Kashiwazaki-Kariwa nuclear complex.

The governor has said he cannot make a decision until the prefectural government completes its own assessment of what caused the Fukushima Daiichi nuclear disaster in 2011.

All seven Kashiwazaki-Kariwa units are boiling water reactors, the same as those at the Fukushima Daiichi nuclear plant where three of six reactors melted down in the days after a massive earthquake and tsunami in March 2011. Last December, two reactors at the Kashiwazaki-Kariwa complex cleared safety reviews under stricter post-Fukushima regulations.

On Tuesday, Yoneyama said he would consider whether to quit over a forthcoming magazine article about a "woman issue." Calls for his resignation were growing in the Niigata prefectural assembly.

The gubernatorial election to pick Yoneyama's successor is expected to be held in early June. Yoneyama will resign with two and a half years of his term remaining.

The seven-reactor Kashiwazaki-Kariwa complex is one of the world's largest nuclear power plants with a combined output capacity of 8.2 million kilowatts.

Facing huge compensation payments and other costs stemming from the Fukushima disaster, Tepco is keen to resume operation of its reactors to improve its financial performance.

The Japanese government of Prime Minister Shinzo Abe also supports restarting nuclear reactors that have cleared post-Fukushima safety reviews.

Yoneyama won the Niigata governorship in October 2016 with the support of the Japanese Communist Party and the Social Democratic Party, which are both opposed to nuclear power. He defeated contenders including a candidate backed by Abe's Liberal Democratic Party and its junior coalition partner Komeito.

Masahiro Sakurai, the mayor of Kashiwazaki hosting the nuclear power plant, said it remains unknown whether Yoneyama's resignation will make the reactors' restart to "come earlier or later," because it depends on the nuclear policy of his successor.

The mayor gives his consent to the restart under certain conditions.

==Kyodo

© Kyodo News International, Inc., source Newswire

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TOKYO ELECTRIC POWER COMPA
04/18UPDATE2 : Governor seen as opponent of reactor restart quits over sex scandal
AQ
04/18UPDATE1 : Governor quits over sex scandal, affects nuclear reactor restart
AQ
04/13TOKYO ELECTRIC POWER : announcement
AQ
04/12TOKYO ELECTRIC POWER : Free electrons selected the 15 finalists
PU
04/11TOKYO ELECTRIC POWER : Situation of Storing, Treatment of Accumulated Water Incl..
AQ
04/05TOKYO ELECTRIC POWER : Tepco apologizes to 102-yr-old suicide victim's kin in nu..
AQ
04/05TOKYO ELECTRIC POWER : Tepco establishes new online renewable electricity retail..
AQ
04/04ANNOUNCEMENT : Moody's: Tokyo Electric Power's credit quality unaffected by tran..
AQ
04/04Rakuten inks deal to use Kansai Electric’s facilities to support new 4G..
AQ
04/04PANASONIC : Tepco to experiment with digital signage on switchbox
AQ
More news
News from SeekingAlpha
01/30Tokyo Electric Power Company Holdings ADR reports 9M results 
2017Tokyo Electric says Cameco seeking $682M in damages 
2017Tokyo Electric Power Company Holdings ADR reports 1H results 
2017Kobe Steel Fallout And The Impact On Domestic Steel Firms 
2017Tepco wins safety approval for first reactor restart since Fukushima 
Financials ( JPY)
Sales 2018 5 736 B
EBIT 2018 -
Net income 2018 285 B
Debt 2018 5 380 B
Yield 2018 -
P/E ratio 2018 2,70
P/E ratio 2019 3,89
EV / Sales 2018 1,07x
EV / Sales 2019 1,02x
Capitalization 734 B
Chart TOKYO ELECTRIC POWER COMPA
Duration : Period :
Tokyo Electric Power Compa Technical Analysis Chart | 9501 | JP3585800000 | 4-Traders
Technical analysis trends TOKYO ELECTRIC POWER COMPA
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 4
Average target price 380  JPY
Spread / Average Target -17%
EPS Revisions
Managers
NameTitle
Tomoaki Kobayakawa Executive President & Director
Takashi Kawamura Chairman
Naomi Hirose Executive Vice Chairman
Hideko Kunii Independent Director
Keita Nishiyama Director & Head-Corporate Planning
Sector and Competitors
1st jan.Capitalization (M$)
TOKYO ELECTRIC POWER COMPANY HOLDING INC1.33%6 820
DUKE ENERGY CORP-6.65%54 843
IBERDROLA-2.51%50 038
SOUTHERN COMPANY-5.53%45 801
DOMINION ENERGY-18.50%44 430
EXELON CORPORATION-0.86%37 577