Tokyo Electric Power Co. on Friday reported its first nine-month profit for the April-December period since the 2011 nuclear crisis at its Fukushima No. 1 complex started, amid continuing cost-cutting efforts and electricity rate hikes.
Tepco posted a group pretax profit of ¥189.22 billion for the nine months, compared with a loss of ¥195.05 billion a year earlier. It also projected a profit for the full business year through March.
Including funds from a state-backed bailout entity for nuclear disaster compensation payments, which are booked as an extraordinary profit, the utility recorded a group net profit of ¥772.90 billion, recovering from a net loss of ¥2.22 billion a year earlier.