Tokyo Electric Power Company
The Tokyo Electric Power Company, Incorporated engages in the generation and supply of electric power in Japan. It operates through five segments: Electric Power, Information and Telecommunication, Energy and Environment, Living Environment and Lifestyle-Related, and Overseas. The Electric Power segment engages in the supply of electricity. The Information and Communications segment involves in the telecommunication, computerized information processing, computer software development and maintenance, and cable television broadcasting businesses; and engages in the installation, site leasing, maintenance, management, and operation of computer, telecommunication, and other equipment. The Energy and Environmental segment engages in the gas supply, services related to energy facilities, maintenance and repair of power generation and other facilities, operation and maintenance of environmental protection and other facilities, design and maintenance of distribution facilities, sale of crude oil and petroleum products, repair and adjustment of electricity meters, heat supply, and cargo and vehicle transportation services, as well as in the maintenance of transmission, transformation, and other facilities. The Living Environment and Lifestyle-Related segment engages in the leasing and management of real estate, as well as in the operation and management of exhibition pavilions and show rooms. The Overseas segment provides consulting services; and engages in the power generation business. The company was founded in 1951 and is headquartered in Tokyo, Japan.
Useful links:
http://www2.barchart.com/quotes/stocks/TKECF
http://www.otcmarkets.com/stock/TKECF/quote
Website:
http://www.tepco.co.jp/en/index-e.html
http://www.tepco.co.jp/en/corpinfo/ir/top-e.html
News:
http://www.tepco.co.jp/en/press/corp-com/release/index-e.html
| Traded as | TYO: 9501 |
| Industry | Energy |
| Founded | May 1, 1951 |
| Headquarters | Tokyo, Japan |
| Area served | prefectures of Tokyo, Kanagawa, Saitama, Chiba, Tochigi, Gunma, Ibaraki, Yamanashi, and eastern area of Shizuoka |
| Key people | Masataka Shimizu, President |
| Services | Electric generation, transmission, and distribution |
| Revenue | ¥5308.0 billion (consolidated) |
| Operating Income | ¥576.2 billion (consolidated) |
| Net Income | ¥310.3 billion (consolidated) |
| Employees | 38,235 (consolidated) |
Recent note from president of TKECF:
I would like to extend my sincerest condolences and prayers for the precious loss of life due to the devastating Tohoku-Chihou-Taiheiyo-Oki Earthquake that struck our nation on March 11. Our deepest sorrows go to those people and their families who are suffering from the damage.
Furthermore, I deeply apologize for the distress caused due to the extensive damage that Fukushima Daiichi Nuclear Power Station sustained resulting in the leakage of radioactive materials to the surrounding areas of the power station, Fukushima Prefecture, and broader society. Currently, we are working around the clock to bring the situation under control with support and cooperation from the society, related ministries and government offices and local governments.
We also regret the tremendous inconvenience the recent rolling blackouts have caused to our customers and society since March 14th due to the tight supply-demand balance of electricity.
As a result of widespread cooperation from our customers in conserving electricity, the supply-demand balance has improved significantly. Hence, in principle, we have decided to cease the implementation of rolling blackouts and will do our best to maintain the supply of electricity aiming to achieve "Zero Rolling Blackouts" in principle during the summertime. Your continuous cooperation in saving electricity would be highly appreciated.
April 2011
The Tokyo Electric Power Company, Incorporated
Masataka Shimizu
President