TOKYO - The Japanese utility Tokyo Electric Power (TEPCO) on Friday revealed a record loss of more than $ 15.700 billion in the last financial year ending March, and announced to replace his boss, as a result of the serious accident at the Fukushima nuclear plant. announced losses of $ 15.700 billion (1.25 trillion yen 11.000 million) are the highest recorded in the history of the country by a non-financial company.
TEPCO had to make massive writedowns after the serious accident at the Fukushima Daiichi Nuclear Power Station, the most serious in the history since Chernobyl in 1986 after an earthquake and subsequent tsunami on 11 March.
TEPCO has lost 83% of its value
also faced with enormous costs to fund exceptional measures taken to cool at least four of the six nuclear reactors and fuel pools, and fund the treatment of millions of cubic meters of contaminated water.
"The significant deterioration" of finance, "raises fundamental questions about (our) ability to continue working," said the operator, but ensured that the group will continue its restructuring under the government's wishes.
The Tokyo Stock Exchange, the action of TEPCO has lost 83% of its value since March 11.
Before this accident, the power company had hoped to finish the year with a profit of $ 1.570 million (110,000 million yen, 1.000 million euros).
The group, which will benefit from an advance of funds by the State to compensate the victims quickly, is unable to make financial forecasts for the coming months, because the situation in the troubled central can not be stabilized before noon years at least.
The company through "the worst crisis in its history"
electric operator also announced the departure of the current President Masataka Shimizu and its replacement by Toshio Nishizawa, a decision must be confirmed at a shareholders' meeting to be held late June.
"The public has lost confidence in nuclear energy," Shimizu said. "We considered that the management should accept full responsibility," he said to justify his departure.
Shimizu, who is retiring, leaving the company to the brink of bankruptcy, was highly criticized for its handling of the crisis. In fact, he led the company during the early days of the accident and had to be hospitalized for health problems.
His successor, acknowledged the company through "the worst crisis of its history." "We will do everything possible to stop the accident and implement the measures," he promised.
Without the drama of Fukushima, TEPCO would have presented very different results, as it is still the company that supplies electricity to the entire eastern region, including the capital, Tokyo, a megalopolis of 35 million people.
Sales in the latest period rose 7% over the previous year (reaching U.S. $ 67,000 million, 47,000 million euros) and had a 40% increase in annual operating profit (U.S. $ 5,000 million ; 3,500 million euros).
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