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TYO:9501

8 stories mentioning TYO:9501

Every FINWIRES story that references TYO:9501, newest first.

Asia

Petronas Unit Enters 20-Year LNG Supply Contract with Tokyo Electric-Chubu Electric JV

Petroliam Nasional, or Petronas, unit Petronas LNG agreed to supply up to 2 million tons per annum of LNG to Japan's Jera, according to a company release on Wednesday.The contract will run for 20 years beginning in 2028.The company will deliver the LNG using its new generation of 174,000-cubic-meter LNG carriers.The LNG market is being influenced by high demand, supply disruption, price volatility, and security issues."PETRONAS remains focused on delivering reliable and tailored solutions, supporting our partners in strengthening energy security while advancing their transition ambition," PETRONAS Executive Vice President and CEO of Gas and Maritime Business, Datuk Adif Zulkifli, said.Jera is a joint venture of Tokyo Electric Power Company (TYO:9501) and Chubu Electric Power (TYO:9502).

FTSE Bursa Malaysia KLCITYO:9501TYO:9502
Asia

Tokyo Electric Power Company Receives Compensation Funding from Japanese Regulator

Tokyo Electric Power Company (TYO:9501) received 7.2 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation (NDF), according to a Friday filing with the Tokyo Exchange.The compensation is tied to Japan's ongoing Fukushima nuclear accident compensation program.To date, the electric services company has received 11.5 trillion yen in grants and 188.9 billion yen in indemnity payments from the regulator.Through the financial assistance, the company will be able to provide support to individuals who were impacted by the nuclear accident. A

TYO:9501
Asia

Tokyo Electric Power Co. Receives JPY 7.2 Billion Nuclear Compensation Grant

Tokyo Electric Power Co. (TYO:9501) has received 7.2 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation (NDF), following approved modifications to its Special Business Plan on March 31.This marks the 169th funding request, as compensation payments scheduled by the end of June were about to exceed previously received amounts, which included 188.9 billion yen in indemnity payments and 11.5 trillion yen in earlier NDF grants.Cumulative compensation payouts have now reached nearly 11.7 trillion yen, comprising over 11.5 trillion yen in permanent compensation and 156.2 billion yen in provisional indemnification.The compensation applications received include roughly 1.294 million from individuals, 2.07 million from those claiming losses due to voluntary evacuation, and 591,000 from corporations and sole proprietors.

TYO:9501
Asia

Tokyo Electric Power's Swings Into Losses in Fiscal 2025

Tokyo Electric Power (TYO:9501) swung to a loss of 454.26 billion yen for the fiscal year ended March 31 from a profit of 161.28 billion yen a year earlier.The power producer logged a basic loss per share of 283.51 yen compared with net income per share of 100.67 yen a year ago, according to a Tokyo bourse filing on Thursday.Net sales dropped 7.1% to 6.329 trillion yen for the full year ended March 31 from 6.810 trillion yen in the prior year.For the fiscal year 2026, the company did not provide any forecasts due to the uncertain fuel price outlook.Tokyo Electric Power does not plan to pay any dividends for the year.

TYO:9501
Asia

Market Chatter: Tepco Seeks Holding Company for Retail, Renewables as Japan Government Seeks Veto Control Over Firm

Tokyo Electric Power Co. (TYO:9501) is seeking to establish an intermediate holding company for its retail and renewable energy operations, Reuters News reported Tuesday, citing TV Tokyo.The Japanese government would retain special shares in the business, granting it veto power over major decisions as the utility seeks partners, the news wire said.Under the "golden share" proposal being explored by the government, the state would maintain control via special equities in Tepco, the publication said.The Fukushima Daiichi operator, site of the 2011 meltdown, still faces rising decommissioning, cleanup, and compensation costs and relies on public funds, the publication added.Tepco did not reply to MT Newswire's queries at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

TYO:9501
Asia

Japan Equities Advance on Stronger Outlook, Export Growth

Japanese equities closed higher on Wednesday, with the Nikkei 225 gaining after J.P. Morgan raised its year-end target for the benchmark to 70,000 from 61,000, citing momentum in AI and a weaker yen.On Wednesday, the Nikkei 225 rose 0.4%, or 236.69 points, to close at 59,585.86.Analysts at J.P. Morgan said concerns about overheating in the Nikkei 225 outweigh improving long-term growth prospects for Japanese equities, even as crude prices stay elevated.The benchmark index climbed to a record on Wednesday, nearing the 60,000 mark, as it recovered from a broad global selloff linked to tensions in the Middle East.In economic news, Japan's trade surplus widened to 667 billion yen in March as exports grew faster than imports, with shipments to China and the U.S. offsetting a sharp slump in Middle East trade amid the Iran conflict, data from the Ministry of Finance Japan showed.The Bank of Japan said the financial system remains stable but flagged rising risks from geopolitical tensions, higher oil costs, and exposures to real estate, foreign funds and leveraged market activity.On the corporate front, Mitsubishi UFJ Financial (TYO:8306) fell over 1% after a report said it is considering offering higher deposit rates for a planned digital bank to compete on speed and cost.Tokyo Electric Power (TYO:9501) rose about 4% after securing 4.7 billion yen in fresh grants to support ongoing nuclear compensation payouts.Advantest Corporation (TYO:6857) gained around 3% after joining Applied Materials' EPIC platform and opening a Silicon Valley research center to advance chip development.

Nikkei 225TYO:6857TYO:8306TYO:9501
Asia

TEPCO Secures Fresh Funding Support From NDF for Compensation Payments

Tokyo Electric Power (TYO:9501) (TEPCO) said it received 4.7 billion yen in grants from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation under a revised business plan approved in March, according to a Wednesday filing on the Tokyo Stock Exchange.The funding follows the company's latest request as compensation payments linked to the nuclear accident were set to exceed previously secured amounts by the end of May.TEPCO has received a cumulative 188.9 billion yen in indemnity payments and 11.5 trillion yen in grants from the NDF to date. The utility said the additional support will be used to continue compensation payouts to those affected by the disaster.

TYO:9501
Asia

Market Chatter: Blackstone, Apollo and SoftBank Eye Over 1 Trillion Yen TEPCO Capital Tie-Up

Tokyo Electric Power Co. (TYO:9501) has drawn interest from Blackstone, Apollo Global Management, and SoftBank (TYO:9984) for a planned capital partnership that could involve external funding exceeding 1 trillion yen, according to a Nikkei report on Thursday.Citing people familiar with the discussions, the publication said global private equity firms are viewed as strong contenders to provide such an investment.Proposals were submitted before TEPCO's end-of-March deadline, the news agency added, allowing the utility to begin screening potential partners.The power company intends to spend the coming months refining possible deal structures and narrowing down the candidate list, the report noted.TEPCO has not replied to MTNewswire queries at press time.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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