TEPCO revises downward full-year earnings forecast

Tokyo Electric Power Company (TSE:9501) announced a downward revision of its full-year consolidated earnings forecast for the fiscal year ending March 31, 2025. The company now projects revenue of ¥6.793 trillion, a decrease of ¥125 billion from the previous forecast due to lower fuel cost adjustments. Recurring profit is expected to be ¥249 billion, a decrease of ¥177 billion. Profit attributable to owners of the parent company is forecasted at ¥172 billion, a decrease of ¥96 billion. The company cited the negative impact of fuel price adjustments and the recording of disaster-related losses from the 2011 earthquake and tsunami as the primary drivers for the revised forecast. EPS is now expected to be ¥107.36.