TEPCO reports $8.6bn quarterly loss on Fukushima cleanup costs

Tokyo Electric Power Company reported a net loss of 857.7bn yen for the first quarter ended June 30, compared with a 79.2bn yen profit a year earlier.

The reversal was driven by a 903bn yen increase in disaster-related losses from revised estimates for Fukushima Daiichi decommissioning and decontamination expenses.

Operating revenue fell 4.5% to 1.43tn yen, while operating income rose 2.9% to 64.7bn yen. The company's equity ratio dropped to 19.3%.

Full-year forecasts remain undetermined due to uncertainties over restarting the Kashiwazaki-Kariwa Nuclear Power Station.