Added to YB: 2026-07-21
Pitch date: 2026-07-18
1945.T [neutral]
Tokyo Energy & Systems Inc.
Author Info
JapaneseIPO writes about unknown but growing Japanese small cap stocks. Sign up for the newsletter.
Company Info
Tokyo Energy & Systems Inc. engages in the planning, study, design, construction, and supervision of electric and mechanical facilities in Japan.
Market Cap
JPY 64.5B
Pitch Price
N/A
Price Target
N/A
Dividend
N/A
EV/EBITDA
10.75
P/E
15.10
EV/Sales
0.88
Sector
Construction and Engineering
Category
growth
Tokyo Energy & System (1945): Margin recovery, 54% OP growth, sizable order backlog, and management’s sharpened profitability focus
1945.T (overview): Power-plant construction subcontractor; FY3/26 OP +78% YoY, guided +54% for FY3/27. Stock +22.5% on May 13 to ¥2,479, hit ¥2,642, pulled back to ~¥2,000 on AI-infra rotation. TEPCO cut stake 24%→18%, float now 55%, aids TOPIX inclusion. Order momentum: nuclear restarts, DC substations, thermal decarb. Margin focus, reducing cross-holdings. Hikari Tsushin 7.4% holder.
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