Overview
- The government approved TEPCO’s Fifth Comprehensive Special Business Plan, a 10‑year blueprint that elevates Fukushima Daiichi decommissioning over growth investments.
- TEPCO targets ¥3.1 trillion in cumulative cost reductions through FY2025–FY2034 and plans about ¥200 billion in asset sales within three years to restore positive free cash flow.
- The company booked an additional ¥903 billion reserve linked to fuel debris work, lifting decommissioning‑related estimates to roughly ¥5.4 trillion while flagging major technical and economic uncertainty.
- Governance changes give the decommissioning entity greater autonomy under NDF oversight, and TEPCO is seeking alliances that bring capital, technology, and expertise with safeguards for Fukushima funding and public capital repayment.
- Earnings guidance projects a FY loss of ¥739.3 billion and a return to profit next year based on a potential Kashiwazaki‑Kariwa No. 6 restart contingent on local consent and regulatory confidence, while TEPCO also prioritizes grid upgrades, renewables, storage, and faster Tokyo‑area data‑center connections.