Tokyo Electric Power Slips To Net Loss In FY, Operating Climbs
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Tokyo Electric Power Company Holdings, Inc. reported a net loss of 454.26 billion yen for the fiscal year ending March 31, down from a profit of 161.28 billion yen the previous year. Operating income rose 44% to 337.69 billion yen, but annual sales fell 7.1% to 6.33 trillion yen. The company indicated that the forecast for the next year remains uncertain due to fluctuating fuel prices and geopolitical factors. Shares closed down 3.09% at 592.20 yen.
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