Key Developments: Tokyo Electric Power Co Inc (9501.T)
623JPY
2 Jul 2013
¥100 (+19.12%)
¥511
¥540
¥623
¥536
319,391,300
241,283,952
¥841
¥120
Latest Key Developments (Source: Significant Developments)
Tokyo Electric Power Co Inc Expects Extraordinary Profits and Extraordinary Losses for FY 2013
Tokyo Electric Power Co Inc announced that it expects the extraordinary profits of JPY 696.8 billion for funds received from Nuclear Damage Liability Facilitation Fund, JPY 115.2 billion for gain on sale of fixed assets, JPY 28.3 billion for gain on sale of investment securities and shares in affiliated companies and JPY 73.6 billion for revision of retirement system, for the fiscal year ended March 31, 2013. The Company also expects the extraordinary losses of JPY 40.2 billion for disaster loss, JPY 1,161.9 billion for nuclear damage compensation, JPY 15.5 billion for loss on change in contract, JPY 12.1 billion for impairment loss on fixed assets and JPY 18.9 billion for loss on sale of fixed assets, for the same fiscal year. Full Article
Tokyo Electric Power Co Inc Receives Subsidy from Nuclear Damage Liability Facilitation Fund
Tokyo Electric Power Co Inc announced that it has received a JPY 223.5 billion subsidy from Nuclear Damage Liability Facilitation Fund. Full Article
Hitachi Ltd, Tokyo Electric Power Co Inc To Cooperate In Exporting Power System-DJ
Dow Jones reported that Hitachi Ltd and Tokyo Electric Power Co Inc will cooperate in exporting an electric-power system by jointly establishing a consulting firm for electricity transmission and distribution Monday, according to Kyodo News. By providing technologies and management know-how to overseas power companies through the joint firm, the two companies aim to receive more orders for power generation equipment, Kyodo reported. Full Article
Tokyo Electric Power Co Inc Announces Class Action Lawsuit
Tokyo Electric Power Co Inc announced that 20 individuals have filed a class action lawsuit against the Company with United States District Court for the Southern District of California on December 21, 2012 (the United States time), for physical, economic and emotional damage by Fukushima nuclear power plant accident. The plaintiffs claimed establishment of USD 1 billion fund for medical expense, as well as other compensation. Full Article
Tokyo Electric Power Co Inc Receives Subsidy from Nuclear Damage Liability Facilitation Fund
Tokyo Electric Power Co Inc announced that it has received a JPY 210.6 billion subsidy from Nuclear Damage Liability Facilitation Fund. Full Article
Tokyo Electric Power Co Inc Signs Gas Deal With US-FT
Financial Times reported that Tokyo Electric Power Co Inc has agreed a supply contract starting in 2017 with Cameron LNG, a proposed export project in Louisiana backed by Sempra Energy of the US, Mitsui and Mitsubishi of Japan, and GDF Suez of France. Full Article
Tokyo Electric Power Company, Inc. Expects Extraordinary Profits and Extraordinary Losses for FY 2013; Lowers Consolidated Full-year Forecast for FY 2013
Tokyo Electric Power Company, Inc. announced that it expects extraordinary profits of JPY 696.8 billion on nuclear lower damage support, JPY 56.6 billion on sale of properties, JPY 27.9 billion on sale of investment in securities and shares of affiliated companies, JPY 73.6 billion on change of retirement policy, as well as extraordinary losses of JPY 25.2 billion on disaster, JPY 628.1 billion on nuclear power damages for the fiscal year ending March 31, 2013. The Company has lowered the consolidated full-year forecast for revenue from JPY 6,025,000 million to JPY 6,010,000 million, operating profit (loss) from JPY (225,000 million) to JPY (275,000 million), ordinary profit (loss) from JPY (335,000 million) to JPY (380,000 million), net profit (loss) from JPY (45,000 million) to JPY (120,000 million) and earning (loss) per share from JPY (28.08) to JPY (74.88) for the fiscal year ending March 31, 2013. The Company lowered the consolidated full-year outlook due to increased expense on fuel. Full Article
Tokyo Electric Power Co Inc Receives Subsidy from Nuclear Damage Liability Facilitation Fund
Tokyo Electric Power Co Inc announced that it has received a JPY 27.17 billion subsidy from Nuclear Damage Liability Facilitation Fund. Full Article
Tokyo Electric Power Co Inc, Xstrata PLC Seal Coal Deal On Index-linked Prices-DJ
Dow Jones reported that Tokyo Electric Power Co Inc has agreed to purchase Australian thermal coal from Xstrata PLC next year on an index-linked basis that will allow for more flexible pricing of the commodity. Under the terms of the agreement, pricing for Xstrata's thermal coal will be linked to the globalCOAL Newcastle index, with a premium of around USD2 a metric ton. The contract will run from January through December 2013. The prices Japanese utilities pay for Australian coal under long-term contracts are widely used as an Asian benchmark. Full Article
Tokyo Electric Power Co Inc Receives Subsidy from Nuclear Damage Liability Facilitation Fund
Tokyo Electric Power Co Inc announced that it has received a JPY 29.2 billion subsidy from Nuclear Damage Liability Facilitation Fund. Full Article
Japan finds highly toxic strontium in Fukushima groundwater
TOKYO - High levels of a toxic substance called strontium-90 have been found in groundwater at the devastated Fukushima nuclear power plant in Japan, the utility that runs the facility said on Wednesday. | Video
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