TEPCO net profit slides 96.9%; cost for Fukushima well out of reach | The Asahi Shimbun: Breaking News, Japan News and Analysis

TEPCO Energy Partner Inc., which handles retail sales, recorded a loss of 66.4 billion yen for the fiscal year that ended in March.

TEPCO has also failed to capitalize on renewable energy, which had been considered a growth sector.

The government in December 2021 picked a group led by trading company Mitsubishi Corp. instead of TEPCO to handle offshore wind power facilities in Chiba and Akita prefectures. And there is no sign of when TEPCO’s Kashiwazaki-Kariwa nuclear power plant in Niigata Prefecture can resume operations.

TEPCO net profit slides 96.9%; cost for Fukushima well out of reach | The Asahi Shimbun: Breaking News, Japan News and Analysis