TEPCO logs $5.83b net loss in Q1 FY 2025

Nuclear damage expenses pulled earnings down.

Tokyo Electric Power Company Holdings, Inc. (TEPCO) has reported a $5.83b (JPY 857.6b) net loss, blame it on expenses the company logged in the first quarter (Q1) of its fiscal year (FY) 2025.

According to a statement, TEPCO said expenses for nuclear damage compensation reached $350m (JPY 51.9b). It also reported $6.14b (JPY 903.0b) worth of newly expected costs for fuel debris retrieval preparation work.

TEPCO’s net sales reached $9.72b (JPY 1.43t) during the period, down from $10.13b (JPY 1.49t) in the same period a year earlier.

“The performance forecast for FY2025 remains undetermined at this point, as we cannot predict when the Kashiwazaki-Kariwa Nuclear Power Station will resume commercial operation. We shall make an announcement once it is ready for release,” TEPCO said.

JPY1 = $0.0068