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» TEPCO moved into black first time after nuclear disaster

TEPCO moved into the black in fiscal 2013 since nuclear disaster in March 2011.

Tepco reported a group net profit of ¥438.65 billion in fiscal 2013, which ended March 31, compared with a loss of ¥685.29 billion the previous year.

Tepco’s struggle to get its business back on track is likely to continue, with prospects unclear on when the company will be able to restart the Kashiwazaki-Kariwa nuclear plant in Niigata Prefecture — a key element in its turnaround plan.

Tepco has been reluctant to resort to another electricity rate hike even if the Kashiwazaki-Kariwa plant fails to resume operations from July, as assumed in the firm’s revamped turnaround plan that was approved by the government in January.

 

<Media Report>
Tepco moves into black for first time since Fukushima meltdowns (Japan Times)


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