Tokyo Electric Power Co. said Monday it expects to record a ¥120 billion group net loss for the year ending in March instead of ¥45 billion as previously forecasted on expanding fuel costs for thermal power generation caused by the Fukushima nuclear disaster.
The operator of the atomic plant, crippled by a failure to protect against tsunami like those spawned by the Great East Japan Earthquake in 2011 in northeastern Japan, now expects a bigger operating loss of ¥275 billion instead of ¥225 billion, on sales of ¥6.01 trillion, down from ¥6.03 trillion.
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