Tokyo Electric Power Company Holdings,Incorporated [9501.T]
TOKYO, Apr 30 (Pulse News Wire) – Tokyo Electric Power Company Holdings,incorporated (9501.T) reported special gains totaling ¥184.9 billion for the fiscal year ending March 31, 2026. The company recorded a gain of ¥103.0 billion from selling shares of Kandenko and received ¥81.80 billion from the Nuclear Damage Compensation and Decommissioning Facilitation Corporation.
However, disaster-related losses amounted to ¥913.8 billion due to increased costs associated with fuel debris removal preparations following the Tohoku earthquake. Additionally, the company's operating profit exceeded forecasts by 48.1%, driven by improved cost management and favorable adjustments in fuel expenses. Despite this, revenue fell short of expectations due to reduced power sales volumes.
The net income per share was revised upwards to reflect these changes and additional special items. Tokyo Electric also noted differences in its estimated compensation payments related to the Fukushima Daiichi nuclear accident. As of March 31, 2026, the total compensation expense stood at 8 trillion ¥375.1 billion, compared to 8 trillion ¥292.3 billion at the end of the previous fiscal year.
The company explained its accounting treatment for recognizing funds from the compensation support mechanism based on application approvals rather than final decisions, aligning with regulatory requirements and industry standards.
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