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MarketScreener Homepage  >  Equities  >  Tokyo  >  Tokyo Electric Power Company Holding Inc    9501   JP3585800000

TOKYO ELECTRIC POWER COMPANY HOLDING INC

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Japan's JERA to enter hydrogen fuel business with JXTG - Nikkei

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03/21/2019 | 08:38pm EDT

TOKYO (Reuters) - Japan's JERA Co, a joint venture between Tokyo Electric Power and Chubu Electric Power, will enter the hydrogen fuel business, with plans to build one of the world's biggest production sites by mid-2020, the Nikkei reported.

JERA will take over the dormant thermal-powered facility in Tokyo belonging to an affiliate of Tokyo Electric Power (TEPCO) next month, and build a hydrogen station at the site, the business daily said in its online edition on Friday.

JXTG and the TEPCO affiliate will announce as early as Friday a basic agreement to jointly operate the hydrogen fuel station, the paper said.

(Reporting by Chang-Ran Kim)

Stocks mentioned in the article
ChangeLast1st jan.
CHUBU ELECTRIC POWER CO INC -0.03% 1759.5 End-of-day quote.14.03%
JXTG HOLDINGS INC 0.37% 542.9 End-of-day quote.-5.09%
NIKKEI 225 0.09% 21627.34 Real-time Quote.7.96%
TOKYO ELECTRIC POWER COMPANY HOLDING INC 0.43% 696 End-of-day quote.6.75%
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Financials (JPY)
Sales 2019 6 125 B
EBIT 2019 -
Net income 2019 246 B
Debt 2019 5 095 B
Yield 2019 -
P/E ratio 2019 4,40
P/E ratio 2020 3,45
EV / Sales 2019 1,01x
EV / Sales 2020 0,87x
Capitalization 1 118 B
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Technical analysis trends TOKYO ELECTRIC POWER COMPA
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 4
Average target price 440  JPY
Spread / Average Target -37%
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 INC6.75%10 100
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