Tohoku Electric Power Company, Incorporated
9506・Prime Market・Electric Power & Gas
Governance
As a company with an Audit and Supervisory Committee, the company has established a Board of Directors (13 members in total, including 7 outside directors), separating oversight and execution functions. It has voluntarily established a Nomination and Compensation Advisory Committee, in which independent outside directors constitute a majority and serve as chairperson, ensuring transparency and objectivity.
Risk Management
The company has established a multi-layered risk management system based on the PDCA cycle, centered on an Integrated Risk Management Meeting chaired by the President and CEO, together with a Crisis Management Committee, a Market Risk Management Committee, and a Nuclear Safety Promotion Meeting, among others. Following an incident of inappropriate handling related to physical protection facilities for nuclear materials at the Tohoku Nuclear Power Station, the company is implementing 19 improvement measures that have been confirmed by an independent verification committee.
Shareholder Returns
Basic policy is stable dividends, targeting a DOE of approximately 2%, balanced against the recovery of the financial base. The annual dividend for FY2025 was ¥40 per share (interim ¥20 + year-end ¥20), with total dividends of ¥20,043 million and a payout ratio of 23.6%. The same level of ¥40 per share annually is planned for FY2026. No mention of share buybacks.
Dividend Policy
The basic policy is to pay stable dividends, determined by comprehensively considering the current year's business results and mid- to long-term earnings and cash flow outlook. From FY2025 (ending March 2025) onward, a DOE (dividend on equity ratio) of approximately 2% is used as a guideline, with decisions made while balancing the recovery of the financial base. The annual dividend for FY2025 was ¥40 per share (interim ¥20, year-end ¥20), with total dividends of ¥20,043 million and a payout ratio of 23.6%. For FY2026 (ending March 2027), while the earnings forecast remains undetermined, a dividend of ¥20 per share is planned for both the interim and year-end (¥40 annually), taking into account the FY2025 year-end DOE level of approximately 2%.
ESG
Under the banner of "Carbon Neutrality Challenge 2050," the company targets halving CO2 emissions by FY2030 versus the FY2013 level (FY2024 actual: 40.20 million t-CO2, down 20.3% year-on-year), pursuing this through three pillars: maximizing use of renewable energy and nuclear power, decarbonizing thermal power, and promoting electrification. On the social front, it advances DE&I (female managers ratio: 3.37%, targeting 5% by FY2035) and DX talent development (5,803 group DX personnel), while on the governance front it has established a materiality framework encompassing integrated risk management and thorough compliance, and reflects ESG evaluation in director compensation.
Last updated: June 23, 2026