Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  Tokyo Electric Power Company Holdings, Incorporated    9501   JP3585800000

TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED

(9501)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Chubu Elec expects JERA to book 50 billion yen LNG resale loss

share with twitter share with LinkedIn share with facebook
07/31/2020 | 05:41am EDT

Japan's Chubu Electric Power Inc said on Friday its JERA joint venture is expected to book a 50 billion yen ($477 million) loss on the resale of liquefied natural gas (LNG) cargoes in the year to March.

Japanese electric utilities have committed to large volumes of LNG under contracts linked to oil prices, yet spot prices are much lower due to oversupply as the pandemic saps demand.

JERA, the world's biggest buyer of LNG, said this month that it has booked tens of billions of yen in estimated one-off losses on its supply for the year ended on March 31.

On Thursday, JERA, equally owned by Chubu and Tokyo Electric Power Company Holdings, said its recurring profit sank 61% to 41.6 billion yen in the April-June quarter after posting a 9.1 billion yen loss on the resale of LNG, half of which was booked in Chubu's earnings for the quarter.

JERA did not provide its annual forecast but Chubu on Friday predicted its recurring profit for the current financial year would fall 35% to 125 billion yen as JERA's losses on reselling LNG cut its profit by 25 billion yen.

"This is based on our own estimate," said Yoshinobu Mishima, manager at Chubu's Tokyo office said.

Chubu's recurring profit for the April-June quarter fell 40% to 48.18 billion yen as power sales slumped.

(Reporting by Yuka Obayashi; editing by Jason Neely)


Stocks mentioned in the article
ChangeLast1st jan.
CHUBU ELECTRIC POWER COMPANY, INCORPORATED 0.00% 1220 End-of-day quote.-20.86%
LONDON BRENT OIL 0.15% 40.52 Delayed Quote.-37.71%
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED 0.00% 288 End-of-day quote.-38.33%
WTI 0.10% 38.635 Delayed Quote.-36.11%
share with twitter share with LinkedIn share with facebook
All news about TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED
10/16TOKYO ELECTRIC POWER INCORPORATED : Japan to release Fukushima's contaminated wa..
RE
10/15TOKYO ELECTRIC POWER INCORPORATED : Japan has decided to release Fukushima conta..
RE
10/15Japan aims to set up commercial hydrogen fuel supply chain by 2030
RE
10/13CHUBU ELECTRIC POWER INCORPORATED : Japan's JERA to shut inefficient coal-fired ..
RE
10/06TOKYO ELECTRIC POWER INCORPORATED : Japan's JERA looking to build two LNG power ..
RE
09/30TOKYO ELECTRIC POWER INCORPORATED : Japan court orders gov't, TEPCO to pay in Fu..
AQ
09/30TOKYO ELECTRIC POWER INCORPORATED : Japan court orders gov't, TEPCO to pay in Fu..
AQ
09/30TOKYO ELECTRIC POWER INCORPORATED : Japanese court orders govt to compensate Fuk..
AQ
09/30CORRECTION ( : Ruling-Nuclear:)
AQ
09/30TOKYO ELECTRIC POWER INCORPORATED : High court orders gov't, Tepco to pay damage..
AQ
More news
Financials
Sales 2021 5 563 B 53 069 M 53 069 M
Net income 2021 195 B 1 856 M 1 856 M
Net Debt 2021 3 820 B 36 443 M 36 443 M
P/E ratio 2021 2,37x
Yield 2021 -
Capitalization 461 B 4 400 M 4 402 M
EV / Sales 2021 0,77x
EV / Sales 2022 0,79x
Nbr of Employees 37 892
Free-Float 92,8%
Chart TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED
Duration : Period :
Tokyo Electric Power Company Holdings, Incorporated Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED
Short TermMid-TermLong Term
TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
 
Mean consensus SELL
Number of Analysts 3
Average target price 300,00 JPY
Last Close Price 288,00 JPY
Spread / Highest target 18,1%
Spread / Average Target 4,17%
Spread / Lowest Target -9,72%
EPS Revisions
Managers
NameTitle
Tomoaki Kobayakawa Executive President & Director
Shoei Utsuda Chairman
Kimikazu Noumi Outside Director
Hideko Kunii Independent Director
Seiji Moriya Director
Sector and Competitors
1st jan.Capitalization (M$)
TOKYO ELECTRIC POWER COMPANY HOLDINGS, INCORPORATED-38.33%4 404
NEXTERA ENERGY25.15%148 434
ENEL S.P.A.7.03%91 060
IBERDROLA, S.A.16.61%77 637
DUKE ENERGY CORPORATION1.72%68 233
DOMINION ENERGY, INC.-2.03%68 097