TEPCO reports JPY 966.2 bn extraordinary losses for first half FY2025

Tokyo Electric Power Company Holdings, Inc. recorded extraordinary losses totaling JPY 966.2 billion for the interim consolidated accounting period ending September 30, 2025. This includes JPY 904.1 billion for disaster-related extraordinary losses, driven by newly anticipated expenses for fuel debris retrieval preparation and related work at Fukushima Daiichi. An additional JPY 62.1 billion was recognized for nuclear damage compensation, reflecting an updated estimate for the accident at Fukushima Nuclear Power Stations.

The total estimated expenditure for fuel debris retrieval, including the newly recognized JPY 903.0 billion, now stands at JPY 2,450.0 billion, emphasizing the ongoing financial burden of the decommissioning efforts. These significant losses contributed to a decrease in profit attributable to owners of parent by JPY 901.9 billion, resulting in a negative JPY 712.3 billion for the period. Consequently, TEPCO HD's equity ratio declined by 4.8 points to 20.3%.

Despite the extraordinary losses, operating revenue slightly decreased by JPY 204.6 billion to JPY 3,150.2 billion, mainly due to reduced electricity sales. Ordinary profit, however, saw an increase of JPY 31.4 billion, turning positive at JPY 282.1 billion, largely benefiting from a positive shift in timing differences under the Fuel Cost Adjustment System. The company's forecast for FY2025 consolidated performance remains undetermined due to uncertainties surrounding the restart of the Kashiwazaki-Kariwa Nuclear Power Station.