TOKYO, Mar 19 (Pulse News Wire) – Tokyo Electric Power Company Holdings,incorporated (9501.T) announced today that its subsidiary, Tokyo Electric Power Grid Co., Ltd. (Tokyo Electric PG), exercised its right to acquire additional shares of Kandenko Corporation (Kodenko).
As a result, the company expects to record a related company share sale gain of approximately ¥148.9 billion in its consolidated financial statements for the fiscal year ending March 2026. Tokyo Electric PG sold Kodenko common shares totaling 25.47 million units at a price of ¥5,843.64 per share, generating a total sales amount of ¥148.9 billion. This transaction contributes significantly to the anticipated special profit for the fiscal year.
Looking ahead, the company plans to recognize a special gain of approximately ¥148.9 billion due to the exercise of the rights mentioned above. Additionally, previous transactions involving Kodenko's own share repurchase and subsequent sales by Tokyo Electric PG have resulted in gains of approximately ¥14.89 billion and ¥12.89 billion respectively, as reported earlier. At present, there are no adjustments to the company’s earnings forecast; however, Tokyo Electric Power remains committed to disclosing any significant developments promptly.
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