Tokyo Electric Power Company Holdings, Incorporated
Notice Regarding Partial Sale of Shares Held by Consolidated Subsidiary and Expected Recording of Profit
Tokyo Electric Power Power Grid Co., Ltd. plans to sell approximately 26 million shares of common stock in Kandenko Co., Ltd. The selling price and gain on sale are undecided and will be determined between February 16 and 19, 2026.
Key Figures
- Number of shares planned for sale: approximately 26 million shares (common stock of Kandenko)
- Share buyback limit amount (Kandenko): 30 billion yen
- Share buyback limit number of shares (Kandenko): 7.5 million shares
AI要約
Overview of Share Sale
Tokyo Electric Power Power Grid Co., Ltd., a consolidated subsidiary of Tokyo Electric Power Company Holdings, Inc., has decided to sell approximately 26 million shares of common stock in Kandenko Co., Ltd. via a public offering. The shareholding ratio after the sale is expected to remain above 33.4%. The purpose of the sale is efficient management of held assets. The selling price and gain on sale are undecided and are scheduled to be determined between February 16 and 19, 2026.
Outlook and Shareholder Relations
Kandenko plans to conduct a share buyback, which may result in a decrease in the number of shares held by TEPCO Power Grid due to the sale. Even after the completion of the sale, TEPCO Power Grid will continue to hold more than one-third of Kandenko's total issued shares. Both companies will maintain close cooperation to ensure stable power supply and pursue growth strategies. Any impact on business performance from the sale will be disclosed after the selling price is finalized.
