nuclear-news

TEPCO logs net loss in April-June on Fukushima plant cleanup.

The company booked an extraordinary loss of 903 billion yen, as it prepares for the removal of nuclear fuel debris

August 1, 2025 (Mainichi Japan), https://mainichi.jp/english/articles/20250801/p2g/00m/0bu/008000c

TOKYO (Kyodo) — Tokyo Electric Power Company Holdings Inc. said Thursday it posted a net loss of 857.69 billion yen ($5.8 billion) for the April-June period, pressured by a special loss related to decommissioning work at its Fukushima Daiichi nuclear power plant.

The second largest quarterly loss since the 2011 nuclear crisis is a sharp deterioration from a profit of 79.24 billion yen in the same period a year earlier.

Operating profit rose 2.9 percent to 64.70 billion yen in the quarter on sales of 1.43 trillion yen, down 4.5 percent.

The company booked an extraordinary loss of 903 billion yen, as it prepares for the removal of nuclear fuel debris, considered the most challenging phase of the decommissioning work.

“We are not expecting any big spending over the next three years and (the special loss) won’t be a problem for our decommissioning work,” TEPCO vice president Hiroyuki Yamaguchi said at a press conference.

TEPCO said Tuesday the full-scale removal of melted fuel debris, initially set for the early 2030s, will be delayed to fiscal 2037 or later, raising concerns that its target of completing the work to scrap the power plant by 2051 will become increasingly difficult to meet.

The company said it has about 700 billion yen earmarked for future demolition work.

August 3, 2025 - Posted by Christina Macpherson | business and costs, Japan, wastes