Eurus Energy Holdings Corporation ("Eurus Energy") passed a resolution at the Extraordinary General Shareholders Meeting and
Board of Directors meeting held on January 27, 2010 to make a capital increase of 25,000 million yen through shareholders
allotment to the Tokyo Electric Power Company, Incorporated ("TEPCO", President, Masataka Shimizu) and Toyota Tsusho Corporation
("Toyota Tsusho", President, Junzo Shimizu), the existing shareholders of Eurus Energy, both of which will act as the subscribers.
It should be noted that there will be no change in their percent equity interests (TEPCO: 60%; Toyota Tsusho: 40%) in Eurus Energy
due to the capital increase and the existing shareholders will acquire new shares according to their respective percent equity interests.
Details of the capital increase through shareholders allocation
(Expected date of capital increase: February 15, 2010)
|
After the capital increase |
Upcoming capital increase |
Before the capital increase |
Capital stock |
18,199.2 |
12,500.0 |
5,699.2 |
Capital reserves |
21,835.0 |
12,500.0 |
9,335.0 |
(Millions of Yen)
|
After the capital increase |
Upcoming capital increase |
Before the capital increase |
No. of shares |
% equity interest |
No. of shares |
No. of shares |
% equity interest |
TEPCO |
14,911 shares |
60% |
7,500 shares |
7,411 shares |
60% |
Toyota Tsusho |
9,941 shares |
40% |
5,000 shares |
4,941 shares |
40% |
Total |
24,852 shares |
100% |
12,500 shares |
12,352 shares |
100% |
Eurus Energy as the largest Japanese and world leading wind power generation company has been engaged in wind power generation
business in Europe, the United States and the Asian region up to the present. On the basis of the strengthening of its financial
base to be caused by the upcoming capital increase through shareholders allocation, Eurus Energy will aim at improving a business
expansion and profitability by working positively on photovoltaic power generation business as well as wind power generation business.
TEPCO identifies a contribution to building up low-carbon society as one of its important management issues. The entire TEPCO group
will make concerted efforts to press forward with the development and spread of renewable energy as well as provide support to
Eurus Energy.
Toyota Tsusho identifies a business making use of electric power and renewable energy as a priority area. In particular,
Toyota Tsusho began to work on wind power generation business as early as in the second half of the 1980's and has established
its present position. Toyota Tsusho will redouble its efforts to achieve continued growth.