• Kyodo

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Tokyo Electric Power Co. on Thursday reported a group net profit of ¥616.20 billion for the April-September period, swinging into the black on a half-year basis for the first time since the nuclear disaster at its Fukushima No. 1 complex in 2011.

Cost-cutting efforts and household electricity rate hikes also helped the utility to log a pretax profit of ¥141.66 billion, but Tepco President Naomi Hirose said that becoming profitable in the full business year is still “tough” because expenses tend to rise toward the end of the year.

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