TEPCO's Fiscal Year 2024 Profit Falls 40%

MT Newswires Live
05-02

Tokyo Electric Power Co. Holdings or TEPCO's (TYO:9501) attributable profit dropped 40% to 161.2 billion yen for the year ended March 31 from 267.8 billion yen a year ago.

The electric company's diluted earnings per share came in at 32.68 yen, compared to 54.27 yen a year earlier, according to an April 30 Tokyo bourse filing.

Net sales for the 2024 fiscal year slipped 1.6% to 6.81 trillion yen from 6.92 trillion yen in the previous fiscal year.

The company did not provide earnings forecasts for the 2025 fiscal year, citing uncertainty over the restart timeline of its Kashiwazaki-Kariwa nuclear power station.

Price (JPY): $415.60, Change: $-0.40, Percent Change: -0.10%

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