• Kyodo


Tokyo Electric Power Co., operator of the disaster-struck Fukushima No. 1 nuclear power plant, expects to post a profit next year even if unable to restart any reactors, according to a plan given to its creditor banks.

Tepco will likely turn a profit for the fourth straight year due to cost-cutting efforts and reduced fuel costs, the result of plummeting crude oil prices, the plan shows. Tepco expects to post an unconsolidated pretax profit of ¥314 billion ($2.56 billion) for the current business year to March 31.

In a time of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us get the story right.