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Washington Post
3 days ago
- Business
- Washington Post
Japanese court rejects damage claims against utility executives over Fukushima disaster
TOKYO — A Japanese court ruled former executives at the utility managing the tsunami-wrecked Fukushima Daiichi nuclear power plant were not accountable for the 2011 meltdown crisis and do not need to pay damages to the company. The Tokyo High Court ruling on Friday reversed a lower court decision in 2022 ordering four former executives of the Tokyo Electric Power Company Holdings to pay 13 trillion yen ($90 billion) to the company, saying they had failed to take the utmost safety precautions despite knowing the risks of a serious accident in a major tsunami.
Reuters
28-04-2025
- Business
- Reuters
Japan's JERA annual profit halves on weaker overseas business
TOKYO, April 28 (Reuters) - JERA, Japan's biggest power generator, said annual net profit halved, hurt in part by a weaker performance from its overseas power generation and renewable energy business. Net income for the year ended March came in at 184 billion yen ($1.3 billion) but it expects profit to rebound in the current year to 230 billion yen. Make sense of the latest ESG trends affecting companies and governments with the Reuters Sustainable Switch newsletter. Sign up here. JERA, a joint venture between Tokyo Electric Power (9501.T), opens new tab and Chubu Electric Power (9502.T), opens new tab, has around 30 projects in its overseas power generation portfolio in more than 10 countries. They total about 13 gigawatt (GW) in capacity, compared to some 59 GW for domestic power generation. Profits from its overseas power generation and renewable energy business tumbled 25.4 billion yen to 8.3 billion yen, it said. ($1 = 143.7700 yen)
