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

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Tokyo Electric Power : Financial Assistance from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation

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11/22/2017 | 07:30am CEST

On November 22, we received a funding grant of 28.9 billion yen from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation (hereinafter referred to as NDF) based on the revision of the Special Business Plan which was approved on July 26, 2017.

This financial assistance was given in response to the 70th request we made in order to cover the compensation payouts due by the end of December 2017. The amount of the payouts to be paid by that time had been estimated to exceed the sum of the compensation we had received in accordance with the 'Act on Contract for Indemnification of Nuclear Damage Compensation' (188.9 billion yen) and the financial assistance that the NDF has provided (7,492.7 billion yen).

With financial assistance from the NDF, we are determined to continue to pay the compensation with courtesy and compassion to all of those who have been afflicted by the nuclear damage.

TEPCO - Tokyo Electric Power Company Holdings Inc. published this content on 22 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 November 2017 06:29:05 UTC.

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Financials ( JPY)
Sales 2019 6 076 B
EBIT 2019 -
Net income 2019 244 B
Debt 2019 5 172 B
Yield 2019 -
P/E ratio 2019 3,24
P/E ratio 2020 2,72
EV / Sales 2019 0,99x
EV / Sales 2020 0,86x
Capitalization 829 B
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Mean consensus HOLD
Number of Analysts 4
Average target price 423  JPY
Spread / Average Target -18%
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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
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