TEPCO's last year's financial results drastically reduced profits “Fuel debris” expenses recorded as loss on May 15, 17:45
TEPCO's financial results for the last fiscal year showed a significant decrease in profits, as we recorded a loss related to the removal of the so-called "fuel debris", the nuclear fuel that had melted down due to the accident at the Fukushima Daiichi Nuclear Power Station.
TEPCO was the first to perform a trial retrieval of so-called “fuel debris”, a nuclear fuel that had melted down due to the accident at the Fukushima Daiichi Nuclear Power Plant during the one-year settlement until March, inside the reactor containment vessel. Approximately 350 billion yen was recorded as a loss, such as the cost of investigating and the work cost of actually taking out.
As a result, the final profit was 50.7 billion yen, a decrease of nearly 80% from the previous fiscal year, which was a significant decrease.
On the other hand, the forecast for the current fiscal year is “undecided” because the demand for electricity will decrease due to the new coronavirus, but the timing of the convergence cannot be forecast.
Tomoaki Kobayakawa, who had a press conference during the video conference, said, “The demand for electricity is decreasing in entertainment facilities, hotels, restaurants, etc., and the impact is expanding in April. Will change, but I want to respond flexibly while watching the situation. "