Tokyo Electric Power Company Holdings,Incorporated [9501.T]
TOKYO, May 14 (Pulse News Wire) – Tokyo Electric Power Company Holdings,incorporated (9501.T) reported lower revenue but higher operating profit for the fiscal year ended March 2026. Revenue declined to ¥63.285 billion due to reduced sales volume, while operating profit surged to ¥4.173 billion, up 144.0% from the previous year.
The company attributed the improved performance to favorable adjustments in fuel costs and ongoing cost-cutting measures. For the quarter ending March 2026, total electricity sales decreased slightly to ¥1,714.9 billion kWh compared to ¥1,714.9 billion kWh in the same period last year. Sales volumes for residential lighting and power saw reductions of 13% and 14%, respectively, contributing to the overall decline in revenue. Regarding its carbon neutrality goals, the company reaffirmed its commitment to achieving significant GHG emissions reduction targets.
By 2035, Tokyo Electric aims to reduce Scope 1 and Scope 2 GHG emissions by 50% compared to 2019 levels, excluding transmission losses. Additionally, the firm seeks to ensure more than 60% of customer-supplied electricity comes from decarbonized sources by 2030. The company also highlighted progress in its long-term roadmap for decommissioning nuclear reactors, maintaining the overall framework despite delays in certain milestones. Notably, fuel removal operations began in reactor units 3 and 4, aligning with scheduled timelines.
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